Justin Sun may be sued, found guilty, fined, or even jailed, Bitcoin doesn't care. Bitcoin will continue to thrive. Justin's centralized altcoin, Tron, however, will of course collapse along with him. And this will in fact benefit Bitcoin, especially in the long run. It may be a blessing in disguise.
If this happens, Justin won't be dumping his Bitcoin. That's the only thing of value that will be left of him. His centralized crypto companies will be gone together with Tron, a shitcoin as per his own admission.
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There's no doubt CBDCs, once implemented, will also be accepted in gambling. Because why not? In the first place, do these gambling businesses have a choice? CBDCs are the digital versions of fiat. If the government declares that a new CBDC is now in full implementation, it is automatic that commerce, all business establishments including casinos and other gambling businesses, will also start accepting it.
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I think the best decision right now is to wait for what will happen next because it's pretty hard to predict where the market will move next.
What are we waiting? We're just in the first quarter of the year and there are already a considerable number of small and giant banks collapsing. There was Silvergate. There was Signature Bank. There was Silicon Valley Bank. There is Credit Suisse. There's First Republic that was just rescued from an impending collapse. There is also JPMorgan buying millions of stones. LOL! There's nothing to wait. Are we waiting for the alarms to sound off? Are we waiting for the actual bank run to happen so that we'll start making withdrawals? Man, there are trillions of deposits in the banks. How much does FDIC have? A hundred billion?
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Your friend should expect the worst, so it's better not to be complacent. It's better to be safe than sorry. After all, foolishly labeling some coins as "tainted" is becoming a thing now with centralized platforms. So although I haven't heard of funds locked in relation to the seized Chipmixer, it could very well happen anytime. The immediate precedent is Tornado Cash, and there were funds frozen. So I guess avoiding centralized exchanges is a must. Erasing those coins' traces with Chipmixer is also called for.
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1. Avoid altcoins that are simply riding on a hype or whatever is trendy. They're mostly scams. And just like hypes and trends, they won't last long.
2. News channels and publications don't mean a thing. Besides the fact that personalities there don't understand what they're talking about, they lack research most of the time. Speaking on TV or writing on a newspaper doesn't mean knowledge.
3. When it comes to investment, avoid being emotional. Be objective!
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Great story! Thanks for sharing your experience! You are an inspiration, not just to newbies but also to those who came before you. You deserve everything you have today! Congratulations!
I can feel the determination and grit and perseverance in your story. All your sacrifices, the long hours of research; in the end, everything paid off.
But there are actually two things that particularly amazed me. First, you are still in your 20s. Many who made money at your age probably won't think of a house yet. Your level of responsibility and maturity is simply amazing. Second, you pursued a degree. To many who have already made so much money at your age and without a diploma would probably conclude that a degree isn't necessary to be successful in life. You were a living proof of it. You could still have made more money without that degree and yet you chose to enroll, study, persevere more, and finish. You value education!
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Are these stipulations in the user agreement of centralized exchanges even hiding? I don't think so. This is very much open. This is essentially what centralized in centralized exchanges mean.
Is there anybody who is clueless about this? Is there anybody in the crypto space who hasn't heard of a single complaint relating to centralized exchanges? Is there anybody who isn't familiar with locked accounts or frozen funds or suspension of access or whatever?
Everybody should be aware that the moment one makes a deposit to a centralized exchange, it is possible that the fund is good as gone. That's why centralized exchanges, or any centralized platform for that matter, are always a risk.
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Of course, other than clueless victims of bankrupt crypto companies, nobody would trust this platform. First and foremost, this platform is owned by a con man who should be in jail right now. Second, something is too good with the offer, which is a solid red flag. Or they're not transparent with everything, meaning the terms and conditions might have shady clauses.
The words used are "immediately" and "the value of your claim". So I wonder, what if I have a million stuck with Blockfi? Can I trade that same million in OPNX? Or can I borrow close to a million worth of Bitcoin from OPNX?
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We cannot deny that CM had many of the best posters in the forum. So it is just logical that they will land on the best-paying campaigns. And if their campaign ends, they can easily hop to another campaign if there are available slots, and managers are all too willing to welcome them aboard, provided they are the kind of posters that the campaign is looking for. Otherwise, even if they are brilliant posters, I guess the managers would prefer other applicants. Somebody who is very knowledgeable in project development, for example, may not be the best poster in the gambling section.
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You are an exemplary parent for preparing your children's future with Bitcoin savings. I wonder how old they are right now.
I hope you are extra careful in keeping your savings for your children. At the very least, keep them in a cold wallet.
Anyway, I'm curious about what made you associate cryptocurrency with social vices. I'm surprised that you are choosing Bitcoin for your children's future and yet you don't want them to learn about it as teenagers.
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To be quite frank, I don't think the Fed is busy thinking of Bitcoin. Bitcoin has, of course, come to their attention but I doubt it very much that they will take steps that is vital to the financial and monetary systems with Bitcoin primarily in mind. The economy is problematic. The banking system is facing a lot of problems also, with huge implications to the overall financial system. They will have to deal with them more than they will have with Bitcoin. I don't think they will make decisions and compromise just for the sake of preventing Bitcoin's price from soaring.
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Among the 3 listed, the least that we need for Bitcoin to reach mass adoption is decentralized lending. I don't think we really need that. Bitcoin DExes and Bitcoin-first online merchants are more important.
However, what we need more than those are Bitcoin P2P platforms. We badly need those. They will make Bitcoin more accessible to everybody sans the hassles of centralized platforms. I also wish there are more OTC venues, for everybody to easily convert fiat to Bitcoin and vice versa. At least we don't have to go through banks anymore. We need to make Bitcoin more accessible to everybody.
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This is actually relative. Brick and mortar casinos provide a different gambling experience. Crypto casinos have also their own distinct features. While there are gamblers who are fond of crypto casinos, there are many others who don't like online gambling. The experience playing inside a brick and mortar casino is a world different from the experience playing in front of your screen and inside your own house or room.
My point is that crypto gambling may be more addictive to some, but others may find brick and mortar casinos a lot more addictive.
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There isn't a scarcity of money; there is only inequitable distribution. This is rather a complex topic, but the point is that so few have so much while the rest of the huge majority can only do with what's little left. Globally, the richest 1% has almost twice as much money as the rest of the 99%. [1] If this is to be observed locally, it means a small family of 3 owns a number of mansions, ranches, and farms while a family of 10 only lives in a dilapidated shack on a very small piece of land that isn't theirs. From where I am, a government consultant who barely reports to office could receive a salary 1,775% more than a staff who needs to work everyday.
[1] https://www.oxfam.org/en/press-releases/richest-1-bag-nearly-twice-much-wealth-rest-world-put-together-over-past-two-years
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It's wise of Royse777 to do that. But this is not something unique. Even outside this forum, you have to recognize and grab the opportunity as soon as it comes knocking on your door. When a star athlete is about to finish his/her contract or when he/she decides to become a free agent, offers begin to flood. The wise move is to court him/her. The same goes with the best employees, brilliant consultants, lawyers, and others. As soon as there's an opportunity, grab it, or at least try to.
We all know that the campaign that holds the best posters here on the forum is Chipmixer. When it ended all of a sudden, there's a window of opportunity opening up. Royse777 wanted to grab it right away. It's just perfect that he's promoting an alternative mixer. Chipmixer leaving the scene means a huge market is looking for another option. It's a great time for Sinbad to step up and become aggressive.
On a different note, I'm happy that this happens. While I know that Chipmixer participants are principled, it certainly matters that their posts are paid. To a certain extent, they're incentivized to remain active, join discussions, and share their valued knowledge and ideas.
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I haven't watched it, and I guess I probably won't. I will give them the benefit of the doubt but when it comes to unbiased views, these people are not the best out there. They're more of businessmen than visionaries, especially Zhao and Sun. I'm not even sure if these two are assets or liabilities to the crypto community. I don't know what they're preaching, but if it's the gospel of Bitcoin, they're certainly not practicing what they're preaching, not walking the talk. Andreas Antonopoulos is a world better than them.
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I used to do some research on cloud mining years ago when it was quite trendy. Although there are names that have earned more or less a good reputation like ViaBTC or NiceHash, the overall impression is that cloud mining is almost like a scam. I doubt that CZ is clueless of the dirty reputation of cloud mining. He must be aware of it. But he's still pursuing this, and I don't know why. Perhaps he just wants to make more money. He must have assumed that with the Binance name, it could easily attract investors.
This doesn't come as surprise to me, though. CZ is an aggressive businessman. He makes the most of every opportunity. This cloud mining business is just another addition to an already long list.
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Here's my ranking: | Features: | Importance: | | Huge variety of games and different sections (sports, live tables, etc Good bonus/reward program Good looking, intuitive and fast user interface Good help desk Strong community/ Reputation The age of the site Casino's own token that pays dividends / ability to mine it by gambling Instant deposits & payments No Kyc Nr of payment methods | 6 7 4 5 1 8 10 2 3 9 |
OP, I don't understand why a strong community/reputation of a casino is the least important to you. I made my ranking without checking on yours or any other ranking. When I compared mine with yours, I was surprised. If it was just strong community, I would have ranked it lower, but since you included reputation to it, I guess that's everything that a casino should have so that I will be playing there. I'm bothered how a gambler would not treat a casino's reputation as the number one priority.
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Money has become the center of many people's lives. I don't really understand why. Perhaps it's how materialism has shaped us. Perhaps this is how consumerism affected our mentality. I know that materialism is probably as old as time, but as far as my experiences are concerned, it seems the younger generation is way more materialistic than the old generation. I can generalize that the generation of my grandparents is easily contented. This may have a good and bad side, but happiness was indeed more affordable back in their time. Today, many youngsters would commit crimes just to get what they want.
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He's barking at the wrong tree. I have to admit that this man's crazy ideas may not appear insane and illogical to some, but it's only because this is something that we can easily observe among us in many aspects of life.
The current banking system is rotten and unsustainable. Without employing shady means, it simply can't last long. But when it finally collapses, the blame is directed at something else. They are quick to raise pointing fingers at alternatives. Rather than inward evaluation, they are quickly scanning for any disruptive force outside.
Speaking of drugs, a very common initiative or perhaps one of the main approaches to curb its spread here in my country is surprise drug testing. I can liken this to Van Overtveldt's absurdity. In all honesty, that doesn't address the problem. It barks the wrong tree.
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