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13161  Economy / Economics / Re: Hong kong and China war can lead to possible Bitcoin popularity on: October 01, 2019, 04:02:24 AM
An initial opposition to the extradition bill started as a fight and the same has now turned to be a movement of opposition against the communist rule. 1st of October gets celebrated as China's National day, and this time how good the celebrations could be. It has been facing hard criticism from countries around the globe. Hong Kong on the other side keeps on gaining more and more support.

The protest has been taking place for months, and most of the protesters here were under the age of thirty. They keep themselves with perfect preparation to stand against the ruling. Now China has been experiencing pressure from various sides, very importantly it has been facing problems from human rights and finance. To end this is not possible in the short, and as there is financial burst it might affect the cryptocurrency to a very small level.

Media reports from Western channels such as CNBC, CNN and BBC can be biased. What I have observed is that although the protesters remain very vocal and aggressive, there is a large section of the Hong Kong population that wants to maintain good relations with China. And another point to be noted here is that despite all the provocations by the protesters and damage to the public property, till now the cops have not acted in a harsh manner, which is very uncommon for an authoritarian state such as China. That said, I don't think that this ongoing crisis will have a large impact on the cryptocurrency prices. Hong Kong trade volumes are low, when compared to countries such as Japan and South Korea.
13162  Bitcoin / Press / Re: [2019-07-26] The IRS is warning thousands of cryptocurrency holders to pay taxes on: October 01, 2019, 03:25:43 AM
I like this kind of discussion, taxation is a legitimate robbery which difficult to avoid, and if we don't pay it, be prepared with the consequence.
I know someone who hasn't paid the vehicle tax for 2 years but almost reaches the limit of not paying it as if the officers accidentally find him, it will be the end of the freedom.
However, there are tons of people who don't pay taxes depending on where you live obviously, a different case if we are receiving warning letters from the IRS, nothing we can do to avoid it. Bitcoin holders will be safe only if they have never registered to an Exchanger and comply with the KYC. Even Localbitcoins recently changed its KYC/AML guidelines which required verification as well.

Funny that you mentioned about the vehicle tax. My country previously had very lax rules regarding traffic violations and vehicle taxation. But last month, they increased the penalties by almost 10x and despite widespread protests from the people the government is refusing to back down. I can't blame the government as well. Recently there was a sharp rise in the number of accidents and the deaths and injuries resulting from them. Also, here it is not unusual to find people who drive without having the driving license.

But taxation is a different topic, which is separate from traffic violations. Here they have combined both. The vehicle tax is very high, at least when compared to the neighboring nations. And now everyone is forced to pay this high tax after the new amendment. Tax evasion is not very rare in my country. But it depends on your luck. You commit one mistake, and your free run is over. The penalties can be 300% or more of the defaulted amount, and it can leave you high and dry.
13163  Bitcoin / Press / Re: [2019-08-15] A Mysterious $3B Chinese Ponzi Scheme Is Being Blamed for Bitcoin’s on: October 01, 2019, 02:54:44 AM
Imagine blaming a completely irrelevant (and not even sizable) scam for BTC's price movements.

Short and long term cycles within the market, as well as other factors are much more likely to cause these price movements. The market has sufficient liquidity to soak up these 50-100 BTC trades quite easily. If you look at the volume, you will quickly realise this as well.

These articles are written up most likely for attention, or sensationalist headlines. Price movements are not determined by a single event, ever, period.

I don't think that it is irrelevant. The total market cap of cryptocurrency is around $220 billion (the net worth of coins in free-float would be much lower), and the amount mentioned here represents almost 1.5% of that amount. And this is from a single scam. The real extent of the PLUS Token scam is still unknown. I have read reports claiming more than 10 million individuals scammed (most of them in China and South Korea). Last month, CipherTrace released a statement claiming that the real losses from this scam may be much higher than $3 billion. They also claimed that a lot of this stolen money is being dumped on various crypto-exchanges (which explains the recent bearish price movement).
13164  Economy / Gambling discussion / Re: ODI cricket and general cricketing discussion [self - mod] on: October 01, 2019, 02:05:45 AM
Maybe the bowlers didn't try to put good effort after taking 5 wickets? PCB is already being criticized for forcing unknown/less-experienced players of Sri Lankan team to come for the series; if they all had been out on less than hundred runs, PCB would've been criticized even more TBH.

I guess it's just fine what the Pakistani team did.

I don't think that you watched the entire match. Sri Lanka got a respectable total because Shehan Jayasuriya and Dasun Shanaka batted extremely well under testing conditions. It is quite demeaning towards the Lankans if you argue that Pakistan allowed them to build a good total. At one stage, Sri Lanka was struggling at 28/5. But then, Usman Shinwari finished his spell and he was replaced by the spinners (Imad Wasim and Shadab Khan). These bowlers were not able to apply the pressure and the Lankan batsmen could build a partnership.

It may not be a bad strategy to bet in favor of Sri Lanka for the third ODI match. The gambling sites are giving them very low odds (most of them at 9/2). Looking at their spirited performance during the 2nd match, I would say that there is a chance of upset.
13165  Economy / Gambling discussion / Re: 💰 Summer Tokyo 2020 💰 Discussion and bet thread 💰 Summer Game on: October 01, 2019, 01:10:41 AM
It is surprising that all these NBA stars want to participate in the Olympic games, after preferring the NBA games over the recently concluded FIBA World Cup. I don't have the opinion that the Olympic Basketball is not an important tournament. But should it be given more importance when compared to the World Cup? A total of 32 nations participated in the FIBA World Cup, while only a dozen may qualify for the Olympic tournament. Also, basketball is just one of the dozens of disciplines within the Olympic games. Anyway, it is good to see players such as Lebron, Durant and Curry representing the United States in an international competition. But I really missed them during the World Cup.
13166  Bitcoin / Bitcoin Discussion / Re: Ukraine wants to legalize crypto (again) on: September 30, 2019, 06:24:28 PM
This time their efforts may succeed. Ukraine is no longer being led by the establishment politicians. The people have kicked out career politicians, both from the pro-Russia and the pro-NATO camps. And once these establishment politicians are gone, the government's resistance towards Bitcoin decreases a lot. Volodymyr Zelensky and his party (Servant of the People) are not linked to the bankers and therefore they don't have any reason to hate cryptocurrency. My only regret is that this decision didn't came earlier. BTC-e was based in Kiev, before being forced to shift the operations to Sofia as a result of the hostile government action. Ordinary Ukrainians would have benefited a lot had they continued their operations in Ukraine.
13167  Economy / Gambling discussion / Re: ODI cricket and general cricketing discussion [self - mod] on: September 30, 2019, 05:53:16 PM
O my god! What a significant turn back from Srilanka, 184/5, I thought it will be 150 max since they had lost some early wickets. Shehan and Dhasun are playing incredible innings. Well, it's still on Pakistan hand, provably they will win at the end.

It was an amazing fightback, as Shehan Jayasuriya and Dasun Shanaka took Sri Lanka from 28/5 to 205/5. But just when it looked like they'll pull an upset, Usman Shinwari got Jayasuriya out. And Shanaka got out two balls later. Sri Lanka may lose this match to Pakistan, but they can be proud about the performance from these two young players.

Now they need 96 runs from 46 balls, which looks very difficult. Wanindu Hasaranga and Isuru Udana are at the crease, and I don't expect much from these tail end batsmen. Despite the possible win today, Pakistan needs to look in to the spin department. Imad Wasim and Shadab Khan leaked a lot of runs and at no point they looked threatening to the Lankan batsmen.
13168  Economy / Gambling discussion / Re: ODI cricket and general cricketing discussion [self - mod] on: September 30, 2019, 03:22:20 PM
Usman Shinwari destroyed the Sri Lankans and out of the seven batsmen who has come out to bat so far, none has managed double digits. This is going to be a very humiliating defeat for Sri Lanka. Given the presence of less experienced players, no one expected them to stage an upset. But most of their fans would have hoped for a honorable performance. Pakistani fans may be feeling ecstatic right now. They are getting to watch an ODI match after a wait for many years... and what a performance by their team... I just hope that the match gets completed and does not get interrupted by rain. Just five more wickets... and I don't think that SL will get to three digits.

It will be interesting to see the odds for Sri Lanka, for the third ODI. Looks risky to bet for them, but Sri Lanka is a team that has made so many comebacks in the past.
13169  Economy / Economics / Re: Binance legally registered at U.S, does Bitcoin will get increase? on: September 30, 2019, 02:28:30 PM
Any form of adaptation will result to bitcoin price pump. I think if other countries that banned bitcoin will un-ban it, it will make a huge diffident to the price, because what we are targeting is mass adoption.
Every country have a local exchange in terms of bitcoin, this is a big step in mass adoption.

A few countries account for the vast majority of Bitcoin trade volume. Countries such as US, EU, Japan, China, South Korea and Canada adds up for more than 90% of the daily cryptocurrency volume. And Bitcoin is already legal in all these nations. However, change in legal status can make a difference. For example, in China it is forbidden to trade Bitcoin against fiat currency (but trading against USDT is legal). If China lifts this ban, then for sure Bitcoin may undergo a major bull run. From what we have seen in the past, the decisions taken by the Chinese central bank and the government do have a big impact on the exchange rates of Bitcoin and the other cryptocurrencies.
13170  Economy / Economics / Re: Crimes involving crypto have risen on: September 30, 2019, 01:53:57 PM
Compere that stats with crimes done with fiat currencies
Most dangerous for bitcoins is hacking.Industry really needs to integrate
it can"t be like that that coins stolen from Cryptopia has been exchanged for Elf coin on DAX exchanges and then elf were  sold on Binance
Maybe part of that current dump was caused by hackers

A comparison with fiat currency may not be suitable here. The fiat currency market capitalization is more than $15 trillion, while the same for cryptocurrency is only around 1/100th of that amount. If the South Korean government data is accurate, the stolen amount represents 1% of all the cryptocurrency in circulation. That is equivalent of criminals stealing $150 billion in a single year in just one country, and I am sure that the amount for fiat cash is much lower. But then, why we need to compare with fiat?

I am not aware of how the thieves laundered the coins stolen from Binance. But from what I heard, the vast majority (90% or more) of this $2.3 billion came from scam ICOs. Scam projects such as M token scammed tens of millions of USD from Korean citizens. But the heaviest losses came from the Plus Token scam (which resulted in losses in excess of $2 billion, and probably much higher).
13171  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: September 30, 2019, 01:31:12 PM
I was lucky today that I missed the Sing Vs Zim match  Grin Otherwise I would have lost my bet on Zim. These T20 matches are highly unpredictable  Undecided Zim would have won the match they needed only 16 runs from 12 balls with 6 wkts in hand and everything turned upside down in the last 2 overs

The Zimbabwe squad is comprised of players with very little international experience (apart from a few players such as Sean Williams and Ryan Burl). Even the standard of their domestic competition (Logan Cup) has gone down during the recent few years, as most of the white players have moved to countries such as England and Australia.

For comparison, Singapore is a country which mostly relies on expats for playing cricket (more than 90% of the population is either Chinese or Malay, and these groups are not represented in the cricket team. But their advantage is that the cricket board is very rich and can afford to offer good facilities, quality equipment and the best trainers and coaches.
13172  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: September 30, 2019, 01:07:03 PM
Vizag's pitch has been supportive for spinners with low bounce in the past. Moreover with Jasprit Bumrah being ruled out of the series I am almost certain that India will go with their old spin duo of Jadeja-Ash and expect them two deliver but along with three seamers probably with Mohammad Shammi ,Ishant Sharma and Umesh yadav being the obvious first choices. This is because Jadeja and Ashwin both can bat pretty well which makes India a much more balanced side. Moreover we did see South Africa not facing any major problems against spin so they won't take the risk of going with just two seamers in the side because India has no all rounder to cover for it.

India going with 3 pacers? And that too on a spin friendly surface such as Vizag? I don't think so. They might include 2 pacers (my prediction would be Mohammad Shammi and Ishant Sharma, with Umesh Yadav sitting out for the match), and 2 full time spinners (Ravichandran Ashwin and Kuldeep Yadav), with Ravindra Jadeja finding a slot in the playing XI as an allrounder.

Also, don't expect them to prepare a turning track every time. In the past, some of the curators had refused orders from the captains to prepare sub-standard tracks. During 1997, there was a well known incident involving Narendra Menon (father of the international umpire Nitin Menon), who refused to prepare a track as per the specification given by the captain. Finally he agreed to prepare another track after much persuasion (one day before the match), but the opposing team members (Sri Lankans) raised objection and the match was abandoned.
13173  Economy / Gambling discussion / Re: ODI cricket and general cricketing discussion [self - mod] on: September 30, 2019, 12:46:39 PM
Almost any player would choose to do so and I don't blame them. Do you blame Ronaldo for moving to Juventus or Neymar for moving to PSG? Its the players choice at the end of the day and he/she is free to do as they please.

Have to agree with you that ultimately it is up to the player to decide whether he want to earn more and chose IPL, or to earn less and represent his nation. Another point that may give justification to what you posted is the fact that IPL is not the only big T20 league around the globe, and tournaments such as the GT20 of Canada and BBL of Australia have also "poached" players from the smaller nations. Also, IPL is far from the first tournament of that kind. Many years before the IPL was even thought of, players from South Africa and Zimbabwe were moving to England using the Kolpak rule. Now they are also losing a lot of players to Australia and New Zealand as well.

Perhaps you are right. Rather than blaming the IPL, we should be blaming the cricket boards (WICB, ZCB, CSA.etc).
13174  Economy / Gambling discussion / Re: ODI cricket and general cricketing discussion [self - mod] on: September 30, 2019, 08:23:36 AM
Obviously. So many young cricketers are grabbing chances to earn big money through the IPL and even the big leagues like ODI tournaments between nations etc pale in comparison in terms of salaries, entertainment value etc.

IPL is generating a lot of revenue for the BCCI, but I don't think that it is being beneficial for the game of cricket. On the other hand, it is negatively affecting the smaller nations (especially teams such as West Indies) by making their best players unavailable for the national duty. Individual players are benefitting a lot from IPL. For example, players such as Kieron Pollard and Andre Russell make from IPL more than 10 times the salary they receive from the WICB. This is good for them. But at the same time, it requires them to put the IPL duty at a higher preference when compared to the national duty. 
13175  Alternate cryptocurrencies / Altcoin Discussion / Re: abandoned coins on: September 30, 2019, 07:13:01 AM
Only reason to trade shitcoins (and I mean those really really bad coins, those with no volume and no prospects at all) is to swap them for slightly less shitty coins ... in the hope eventually you'll end up with something not completely horrible. I wouldn't bother swapping pure junk for more pure junk.

You consider Bitcoin and Ethereum as junk? I am asking this, because most of the time we exchange our shitcoins, it is done against BTC or ETH. USDT has also emerged as a third major option. For example, if I am having Bitsend or GBYTE in my exchange wallet, and I am looking forward to dump it, then the chances are that I will exchange it for BTC or USDT. Why should I sell by BSD and purchase shitcoins such as DOGE or DNR? Here the junk is being exchanged for coins with value and not against similar junk.
13176  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: September 29, 2019, 02:25:54 PM
Not at all worthy with such low odds beacuse it is quite possible that Singapore could even beat Zimbabwe as now Zimbabwe is totally a new team and does not play much cricket and does not even feature in top 10 teams of the world cricket .

Apart from Sean Williams, I couldn't find any usual names in the Zimbabwe playing XI. I don't know where players such as Graeme Cremer, Peter Moor, Sikandar Raza and Chamu Chibhabha have vanished into... At least they could have persuaded Brendan Taylor to participate in the Singapore tri-series. And I don't know anything about Kyle Jarvis, Craig Ervine and Sean Ervine. Have they retired from cricket, or still playing? I heard that Hamilton Masakadza retired a few days back. But what about the others?
13177  Alternate cryptocurrencies / Altcoin Discussion / Re: Sometimes its always the investors fault on: September 22, 2019, 03:33:53 PM
Investors should hold back on greed and invest wisely. Whenever a project boasts of 10x or 100x returns, they should realize that such guaranteed returns are not possible. They should ask themselves whether it is an intelligent move to invest their BTC or ETH in some other asset. My opinion is that Bitcoin itself is a great investment asset and we don't need to invest it anywhere else.
13178  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: September 22, 2019, 03:21:21 PM
South Africa restricted India to just 134, which is 4 runs less than Afghanistan scored yesterday against Bangladesh. It was surprising to see the overhyped Indian batsmen struggling against inexperienced bowlers such as Bjorn Fortuin and Beuran Hendricks. It should be easy for the South African batsmen, as India don't have their first choice bowlers such as Jasprit Bumrah and Mohammed Shami in the playing XI.
13179  Economy / Services / Re: Windice.io Signature Campaign(1 open slot) on: September 08, 2019, 04:37:59 AM
Btctalk name: Sithara007
Link to profile: https://bitcointalk.org/index.php?action=profile;threads;u=305398
Rank: Legendary
Current post count: 11,096
Windice username: Sithara007
Wear appropriate signature: Yes
Wear avatar: Yes
13180  Other / Politics & Society / Re: [US Only] Legalization of the sex trade? on: September 01, 2019, 04:16:36 PM
Prostitution, Weed, Gambling.etc can never be banned. They have been around for thousands of years (or probably since the beginning of humanity). Semitic religions such as Christianity and Islam imposed a moral code on us, which is not very compatible with the basic human character. This is one of the reasons why we hear about so many sex abuse scandals from the Islamic and Christian clerics. I am not saying that Buddhist and Hindu clerics are immune, but the incidence is very low.

And the problem with banning prostitution is that, since sex is one of the basic human necessities, the demand will always persist. And this will result in the business going underground, where there is more scope for exploitation and forced sex trafficking. Legalization can eradicate this issue.
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