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1641  Bitcoin / Press / Re: 2021-03-30 TheVerge - PayPal will let US users pay with Bitcoin on: April 13, 2021, 12:11:00 PM
Another major trading service connects such a function. This is great news for both PayPal stockholders and ordinary people who buy or sell something on this platform every day. The world is increasingly integrating the possibility of settlements in cryptocurrency into existing business - this factor supports the market and strengthens people's faith in these assets.

If you search a little bit, you can find that this forum is full of hate filled posts against PayPal. I won't disagree with these users, as bad service from PayPal was one of the reason why I purchased cryptocurrency in the first place (in 2012). But right now, PayPal has accepted that cryptocurrency is one of the biggest innovations in finance. I am not saying that we should start supporting PayPal all of a sudden, but there is no point in fighting PayPal at this moment. PayPal may be doing this for their own benefit. But in the end, we are also benefiting from the increased exchange rates.
1642  Economy / Economics / Re: The One World Currency: Is it Bitcoin? on: April 13, 2021, 11:41:24 AM
There is already a reserve currency, and that is not Bitcoin. Ever since 1945, the US Dollar is being regarded as the reserve currency of the world. There are competitors among the fiat currencies such as Chinese Yuan and Euro, but they haven't been able to make a lot of progress till now. Being a reserve currency is very close to being a universal currency. Now the question is whether Bitcoin can topple USD from that position. It is possible, but not immediately.
1643  Economy / Gambling discussion / Re: Transactions Fees x Gambling on: April 13, 2021, 10:31:59 AM
my suggestion: use another crypto currency or switch to another bookmaker.
it's very expensive use eth or any erc20 for betting unless you are using a big stake. plus if you're not confident with these type of transactions you can waste useful gas fees!

Litecoin and Dogecoin offering a cheap solution. Anyway I will be focused also in using cash since the save will be impressive respect crypto fees.

DOGE can go up or down by as much as 50% (or more) in a given 24-hour period. If you want to use that coin, then I hope that you are aware of the risks. I am someone who got burnt a few years back because I preferred shitcoins instead of Bitcoin. I prefer to use Bitcoin, irrespective of the transaction fee. In gambling sites that accept BCH, I make my deposits with that coin. But in other sites, I make the deposits in bulk and wait until the Mempool is empty.
1644  Bitcoin / Bitcoin Discussion / Re: Will governments ban Bitcoin like they did with Gold? on: April 13, 2021, 07:54:33 AM
What else can I say, Bitcoin has not been seen much in my country till date, even those who are involved in Bitcoin are suppressed by the government through various legal measures.  So in my country there is not so much headache about the legality of bitcoin.  My country believes in paper money, they don't believe in cryptocurrency at all.

From what I have seen, the government bans usually have just the opposite effect on the popularity of Bitcoin. I have seen the same from Nigeria and India. When the government authorities proposed to ban cryptocurrency there, the popularity just rocketed and the number of users newly registering to various exchanges and P2P platforms went up by manytimes. Actually I should congratulate these government guys for popularizing Bitcoin.
1645  Economy / Economics / Re: Janet Yellen to call for unified global corporate tax rate on: April 13, 2021, 07:21:10 AM
It isn't that easy to move your base of operations,that is why they are doing this because they know that it will be difficult for companies to get out and the only way that they can prevent this kind of thing from happening is when they lobby the Senators and the right people to protect their interest.

May not be easy. But definitely not impossible. Why do you think that reptilian overlord Yellen made such a statement? Being one of the most authoritarian individuals in the US government right now, if it was possible then she would have prohibited the companies from using this loophole. But it is not practical. The world is becoming smaller and smaller and the companies are finding it easier to relocate. Now it is up to the regimes to attract them by lowering the tax rate.
1646  Economy / Economics / Re: The Winklevoss twins worth $3bn Each for buying Bitcoin @ $8 with confidence on: April 13, 2021, 06:54:58 AM
I am slightly confused here. So they purchased $10 million worth of coins at $8 per coin. This itself is suspicious. Because if the purchase price was $8 per coin, then the total number of coins that were purchased amounts to BTC1,250,000. And the net worth of these coins, as per the current exchange rate would be $75 billion, and not $6 billion as mentioned in this article. It looks like the author doesn't know basic mathematics.
1647  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: April 13, 2021, 06:12:49 AM
I still think MI are a much stronger team in this season of IPL. One match defeat doesn't destroy the morale of any team. KKR are a good side but MI are a much better team, if you compare them both. In today's match I think MI have much greater chance of winning it.

There is no doubt that Mumbai Indians are the strongest team in this edition of the IPL. The other teams are far behind. However the way in which they lost the first match to RCB was unexpected. I agree that they have the best players and the right team balance. But captaincy is not up to the mark. They lost the match against RCB due to poor tactics in the end overs. Rohit is one of the best players in the IPL. But he is not the best captain. On the other hand, KKR probably has the best captain in this tournament (Eoin Morgan).
1648  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: April 12, 2021, 06:29:09 PM
EDIT: Sanju Samson played well but messed up in the last over.

There is no point in scoring a century, when your team loses the match. And this has happened to Sanju Samson so often. He made a big blunder in the penultimate ball. He should have taken the single and given strike to Chris Morris. Getting a four of the final over is much more probable than hitting a six. And let's not forget the fact that Chris Morris is having a T20 strike rate of 150 plus, with a very decent batting average.
1649  Economy / Gambling discussion / Re: 2022 FIFA World Cup in Qatar - UEFA Qualifiers on: April 12, 2021, 03:54:43 PM
Joachim Löw took a lot of blame for the defeat against North Macedonia (which I believe was unfair). The fact is that the German players have been in very poor form for some time now. This is the same team that got thrashed by Spain 0-6 in November 2020 (which was incidentally Germany's worst defeat since 1931). The recent matches just confirm that Germany hasn't recovered as of yet.

In addition to the low physical condition of the current players, we have to keep in mind that Alemenha is going through a phase of renewal of the team.
They still do not have enough young players, able to make up for the wear and tear of the more experienced.

I don't think that their squad is too old. In the starting XI against North Macedonia, only one of their players were aged 30 or above (İlkay Gündoğan). But it is true that there is some instability within the team and they have been so far unable to replace the legendary players who used to represent Germany a decade ago. Also, the current squad is missing some of the key players. I am talking about players such as Sami Khedira, Thomas Müller and Toni Kroos.
1650  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: April 12, 2021, 03:41:07 PM
The match is played in Mumbai will the team chasing wins again  Grin.

Looks very unlikely. Punjab Kings are 200/3 after 17.4 overs. Hooda got out just now after a blistering innings, but KL Rahul is still there. The case with Rahul is very curious. He was out of form while playing against England and now in IPL he seems to have suddenly regained his form. Also, the decision by RR management to fire Steve Smith from the captaincy (and from the team) seems to have backfired. Sanju Samson is noway near Smith in terms of captainship skills.
1651  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs covid 19? on: April 12, 2021, 01:36:03 PM
In my opinion, this is an interesting moment because even the COVID-19 outbreak and the global economic recession continue to drive up the price of bitcoin. Bitcoin has proven to be a safe haven asset. At the start of the corona pandemic up to this year, prices actually went up. On the other hand, other investment products cannot stand being exposed to COVID-19. Blockchain can play an important role in accelerating post-crisis digital transformation initiatives and solving problems highlighted in today's systems.

I will be wrong to say that the other investment assets performed poorly. Stock market has gone up when compared to the pre-pandemic levels. And at least in my area, the real estate market has gone up as well. So you can't say that apart from cryptocurrency, the other sectors are down. Stimulus and inflation is leaving people with surplus cash and actually pushing the commodity prices upwards. That may be one of the reasons.
1652  Other / Beginners & Help / Re: Security Measures to prevent getting hacked? on: April 12, 2021, 01:17:15 PM
I have been using various Bitcoin wallets for almost a decade now. I have used online wallets, exchange wallets, desktop wallets, paper wallets and hardware wallets to store my coins. Fortunately till now, no one has been able to hack my coins. There are certain basic precautions that you need to take before setting up a cryptocurrency wallet. If you are opting for an online wallet, the make sure to take the backup of the private key and then go for 2FA with a gmail account (other email providers are not that secure). On the other hand, if you are planning to store your coins in a hardware wallet, first make sure that the wallet reaches you in untouched condition. And then create multiple backups. With hardware wallets, the biggest risk is not getting hacked, but losing access to your coins as a result of carelessness.
1653  Economy / Economics / Re: Janet Yellen to call for unified global corporate tax rate on: April 12, 2021, 12:01:59 PM
At 400K in the US you're in the top 2%, close to the 1%. That's not middle class.

In cities such as Los Angeles and San Francisco, 200K is not a big amount (that's what they get after the tax cut). And earning 400K in a city such as LA or SF can be much different from earning the same amount in a smaller and more affordable city such as Omaha or Memphis. If you further increase the taxes to 70% or 80%, then what is the point in working so hard? Instead of working for 40 hours a week and earning $400,000, I can opt to work for 20 hours a week and earn $200,000. These sort of insane taxes will only encourage unproductive activity.
1654  Economy / Economics / Re: Economy after COVID-19 on: April 12, 2021, 11:51:30 AM
Not all developed countries though as the United States still suffering brought by Covid-19. In fact, they have money to purchase vaccines to eradicate the virus but still, they are one of the leading cases of COVID as of today. China, on the other hand, has already been settled down their cases so there's a chance that they might replace the United States as the leading economy. Therefore, no matter what position does countries are in whether it is developed or not they are struggling in this pandemic and it will take a lot of time for every each country to recover from this phenomenon.

I have already mentioned about this before. CoVID 19 is the best thing that could have ever happened to China. The economies around the world are sinking, but the Chinese economy is not just surviving but it is also thriving. On top of that, China has been the largest supplier of vaccines, with total sales amounting to hundreds of millions of doses. As per the official stats, only around 4000 people have died of CoVID 19 in China, while the same for the United States is more than 100 times higher.
1655  Economy / Economics / Re: donating 50% of the vaccines purchased to the government. on: April 12, 2021, 11:40:21 AM
If you are living in my country you will know what I am talking about, the blatant corruption and persecution of political opponents and the incompetence, why wouldn't you blame that? The government is supposed to be working for its citizen and not the other way around, maybe if people stop enabling this kind of mentality, maybe we might see some changes. And in regards to vaccines, my country hasn't received anything yet because they are incompetent.

I don't know which country you are living in, so I can't really comment on the other issue. But as far as the vaccine availability is concerned, only a handful of the countries have been able to secure enough volume of vaccines to inoculate a large part of the population. More than 95% of the countries have faced difficulty in sourcing the vaccines. Obviously the Chinese vaccines are available, but they are extremely ineffective, as seen from the case with Chile, Serbia and Hungary. 
1656  Other / Politics & Society / Re: Argentinian president tests positive to covid-19 after being vaccinated on: April 12, 2021, 07:47:38 AM
It's yet unclear which variant the Argentine President got, but I would bet it's the Brazilian one.
The current vaccines (and immunity from previous infection) provide only partial protection against the newer variants, especially the Brazilian one.
That's why a second booster of the vaccine will be needed, which should cover the latest mutations in the new variants.

Alberto Fernández received the first dose of Sputnik V two months ago, so he should have been immune to the virus. BTW, the vaccine manufacturers don't claim that they are 100% effective. Clinical trials have measured the efficiency at 91.8%. So there is always a small chance of those who are vaccinated with Sputnik V getting CoVID 19. But the symptoms should be mild, as they already have the antibodies in their body. And in case the vaccines are less effective against the P.1 strain, then it is a worrying sign.

Quote
More than 650,000 people in Argentina have received both scheduled shots of the vaccine and only about 1,000 of those have been found to be infected more than 14 days after the final dose, according to national health statistics.

https://abcnews.go.com/Health/wireStory/putin-calls-argentine-leader-covid-sputnik-shot-76883180
1657  Bitcoin / Bitcoin Discussion / Re: Bitcoin is private and decentralized, ok but what if someone dies? on: April 12, 2021, 07:10:58 AM
Most of the Bitcoin users are in their 20s and 30s and they don't take this possibility seriously. There are two options - first one is to keep the backup to your Bitcoin wallet to yourself and thereby eliminate the possibility of some of your friends or relatives stealing the coins from you. In this case, if something happens to you, then the coins will be lost forever. The second option is to inform your most trusted friend, or a relative about the backup. But in such case there is always a possibility of this person trying to steal the money from you (although it is a very remote possibility).
1658  Economy / Economics / Re: donating 50% of the vaccines purchased to the government. on: April 12, 2021, 06:55:33 AM
Let me guess, we are from the same country? Because in my country, the government doesn't care about the people, they only care about their image and they want to benefit big in the vaccine purchase and people have compared the same vaccines to be used here in other countries and the difference are astronomically high.

There is no point in blaming the government, because the vaccines are in short supply right now. A few countries such as US, UK and Israel have managed to vaccinate a large part of their population, but almost all the other countries have failed to secure enough doses for their population. Countries such as Serbia, Hungary and Chile went for the Chinese vaccines, but now it is clear that these vaccines were ineffective. But I will not blame the governments in these countries, because they didn't had any other choice.
1659  Economy / Economics / Re: Russia; The digital ruble will be launched in 2023 on: April 12, 2021, 06:25:31 AM
Governments will all eventually turn to Crypto currencies or digital currencies, because it is easier to manipulate them. Just imagine the effort that goes into printing more money, compared to the increasing of the coin cap... when you have a token that are controlled by a government. (Hard forks will be easy, because the government controls all the full nodes)  Angry

They simply tell the developers to adjust the parameters in the code and they update the client and push it electronically to all the full nodes that they are controlling and viola... the coin cap is increased.  Roll Eyes

They are just trying to take advantage of the hype related to cryptocurrencies right now. There is no difference between a CBDC and fiat currency. Original concept of cryptocurrency is not applicable to CBDCs, because they are not decentralized and there can't be any cap on maximum supply. For government, the advantage is that they can mint as many coins as they want, and this time they don't need to spend metal or paper to do that. 
1660  Economy / Gambling discussion / Re: Another insane win!! $ 1B mega million jackpot on: April 12, 2021, 05:44:35 AM
I thought at least gambling lottery was legal in some indian states. If it is true gamblers don't need to go too far to try their luck somehow legally. Anyway, the idea of receiving the prize in bitcoin sounds a lot better than being rewarded in fiat. I think the few lucky ones deserve the jackpot prize without having it cut by the government due to bureaucracy and abusive taxes. It's already hard enough to win such prizes, so let the winners enjoy it!

I think I can comment on this issue, although I am not an Indian citizen. From what I have heard, lotteries have been granted an exception, since they are one of the largest sources of revenue for the government. But the structure is so lopsided. Only around 5% to 10% of the proceedings from the lottery sale is given back as prizes and the remainder goes to the government. And even on the winnings, tax (up to 50%) will be deducted. Therefore it is not surprising that a lot of Indians opt to gamble outside India.
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