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1861  Bitcoin / Press / [2022-12-16] Germany calls for global regulation of the cryptospace on: December 16, 2022, 06:20:16 AM
I reckon no amount of stricter regulations will stop the more advanced type or the higher level scammers similar to Sam Bankrupt-Fried who, has the political connections and who has wealthy financial backers that can finance their criminal and moneylaundering operations. Everyone should become very much aware of this.

I would be shaking my head if we, the commoners of the cryptospace, would support a move for stricter global regulations in crypto. This will only make the use of cryptocoins, Defi and other protocols harder for us commoners, however, it will certainly not make it more difficult for those higher level criminals to create and fund their scams in crypto.



Cryptocurrency regulation is currently a focal point for regulators and lawmakers all across the world. Regulators have been tightening the noose around the crypto industry to safeguard consumers from bad actors.

The colossal fall of the FTX crypto exchange has alarmed regulators even more, and lawmakers are trying to bring effective and efficient crypto regulation into place.

The president of BaFin has censured the current synopsis of the regime that governs the crypto sectors as not strict enough. This points toward the condition where the industry will not be able to keep bad actors in control.


Read in full https://bitcoinist.com/germany-calls-global-regulation-of-crypto-industry/
1862  Bitcoin / Bitcoin Discussion / Re: SBF, arrested! on: December 16, 2022, 01:55:46 AM
I can tell by now that Caroline is a lot more influential than SBF. So we may be able to see SBF commit suicide.

That won't help victim of FTX bankruptcy regain their funds though. And if he died, i expect it'll be more difficult for the victim to regain their losses.
It will be another disaster, when SBF kills himself he will not be held accountable for his crimes anymore.
As you said, it will be difficult to recover the losses of FTX victims.

But does SBF still have other assets to be able to compensate the victims, and will the other perpetrators also be investigated in relation to this case?
I feel sorry for the many victims who have a lot of assets in FTX and whose losses still can't be recovered.

Hehehe Sam kills himself in prison? It would certainly be similar to how Jeffrey Epstein also killed himself in prison. I am sure this would open up new storylines and conspiracy theories on what Sam's connection really is with the Democratic party and how FTX and Alameda Research came to be one of the top exchanges and top market makers in a very short amount of time.

I will say it first be before it happens. Sam did not kill himself.
1863  Economy / Services / Re: [CFNP] Coinplay Crypto Sportsbook & Casino Signature Camp. |Up to 80 $BTC Reward on: December 15, 2022, 10:52:00 PM
@Royse777. Thank you, payment received.

Well done everyone although there are still a lot of ways to improve. Here are some comments from my moderator for the participants (I am not mentioning the names, feel free to align whichever suits you LOL )
Code:
Reputable user - permission to use his own avatar 
Makes margin post consider replacing him when slot open

We are quite aware that reputable user with his own avatar is @Jayce and the user under his name in the spreadsheet is me?

1864  Economy / Gambling / Re: ⚽🎮🎲 Coinplay.com | Brand New Crypto Sportsbook & Casino on: December 15, 2022, 03:57:47 AM
@CoinPlay_official. Similar to the odds for betting on which actor would take over to become the next James Bond after Daniel Craig.

https://coinplay.com/line/tv-games/1033765-special-bets-cinema/153563932-next-bond-after-daniel-craig

Can there also be odds for which actor would take over to become the next Wolverine? Those who are not a fan of movies, the rights for the X Men franchise has been purchased by Marvel Entertainment. This implies that there might be new actors that will be playing our favorite X Men characters including the fan favorite Wolverine hehehe.


Hi! Speaking as a Marvel enjoyer, this is a fun idea Smiley I'll let the rest of the team know, we might think about it.

I am quite certain there are many more Marvel enjoyers here in bitcointalk hehe. I reckon the new Game of Thrones: House of the Dragon might also be a popular choice to offer betting odds for entertainment betting. The original has gotten quite an attraction in the forum before. Maybe House of the Dragon might also get some interest.

Thank you for listening!

...
Again, I am not trying to defend coinplay, as we don't know what happened and why they banned your account, but the other scam casinos you mentioned will usually confiscate all your money and will not let you withdraw any penny. This is not what happened with you or with brandonlang
You can ask their support to tell you which term they think you have breached. But if I were you (since you are not satisfied with their service) I would take my money and find another casino.


I am also not defending any gambling site, but I have observed that there are some people in the forum that have expressed that some of the red trust rating in some of the gambling services' accounts in bitcointalk does not imply that the service is really a scam.

https://bitcointalk.org/index.php?topic=5428255.0

I am worried that what this might imply is that the trust rating is being abused and it might not be trusted that much anymore.
1865  Economy / Service Discussion / Re: Three US lawmakers' reactions amidst FTX collapse on: December 15, 2022, 02:21:00 AM
The only way any new legislation will actually be enacted is if a majority of congresspeople support such a thing. But right now it seems that most of them do not care so much about cryptocurrency and are too busy with other stuff.

I disagree that stablecoins should be regulated first, considering it was a token that took down the entire exchange. So they should start with that if they want to take an immediate action to prevent a market tank again.

Almost 1 month after your reply, it appears that the legislators in both the lower and the upper house might come to an agreement to create a bipartisan bill for regulating the cryptospace. According to this article, it will create laws and regulations to crackdown on moneylaundering, however, I speculate that similar to much of the of bills created, some statements on this bill would be vague, broad and open to interpretation.



As federal prosecutors seek to imprison former crypto darling Sam Bankman-Fried, Sen. Elizabeth Warren is attempting to push through Congress a bipartisan crackdown on money laundering in the crypto industry.

The Massachusetts Democrat is teaming up with Republican Sen. Roger Marshall of Kansas to introduce new legislation on Wednesday that would seek to close loopholes in the financial system that pose national security risks by allowing digital assets to be used for money laundering, Warren’s office told CNN.


Source https://edition.cnn.com/2022/12/14/business/elizabeth-warren-bipartisan-crypto-crackdown/index.html
1866  Economy / Exchanges / Re: Bitstamp is now sending users emails to keep funds in their exchange? on: December 15, 2022, 01:38:47 AM
I wouldn't call it desperate. They know everyone is overly sensitive nowadays due to all recent events (as they should be), so it's a no-brainer to tell your users that you aren't running a ponzi, especially to those withdrawing funds. Roll Eyes

If you don't have funds there, you trade less, they receive less revenue.

Of course, that doesn't mean you should keep your coins there (you shouldn't, in any exchange, ever).

I very much agree. Bitstamp is the longest surviving Bitcoin exchange in the cryptospace. Whatever they have been doing, they are certainly doing it right. However, I would not be very shocked if some of those smaller exchanges suddenly begin emailing people informing them of a welcome back bonus similar to what gambling sites are doing to lure people back hehehe. This is normal practice for gambling sites but it would be a sign of desperation for exchanges, I reckon.
1867  Economy / Speculation / Re: Countertrading Jim Cramer on Bitcoin on: December 15, 2022, 12:21:55 AM
News update for the inverse Cramer fans. Why did he need to tweet this? Binance is dead hehehe.



Do you feel as reassured by Binance as i do?

Source https://mobile.twitter.com/jimcramer/status/1602964089982033920



But seriously speaking, it really appears that Binance might presently be the safest exchange to trade in the cryptospace right now. I am quite aware that it will not be 100% safe, however, Binance will certainly be holding the lowest risk especially if you have no other choice and you need to use a centralized exchange.
1868  Economy / Gambling discussion / Re: [Boxing] Naoya Inoue vs Paul Butler - Undisputed Bantamweight Bout - December 13 on: December 14, 2022, 03:23:52 AM
A mismatch? An easy win for Inoue? Not even a big challenge for Inoue? Can't blame some people's view about the match as the distance between Naoya Inoue and Paul Butler is really that wide and long gap. I can't even think of a way how Butler can survive the wrath of Inoue.

Agreed. The odds for this fight might be 1.05 for Naoya Inoue and 8.50 to 9.00 for Paul Butler. The ending will also certainly be another knockout for Inoue. Where the oddsmakers might place the over or the under might be on 7.5 rounds and they might favor the under, I reckon. However, Paul Butler was knocked out only once and it was 7 years ago. I speculate that Inoue will knock Butler on the 10th or 11th round.

This was my original prediction and I also saw @bisdak40's advice on over 2.5 rounds, however, I forgot to watch the fight or make my bets. I knew the fight was on December 13 but it was very strange because I thought it would be on Friday hehe. I am presently watching the replay. Inoue looks very much like the featherweight Manny Pacman inside the ring.
1869  Bitcoin / Bitcoin Discussion / Re: When will Sam Bankman-Fried go to jail? on: December 14, 2022, 02:28:33 AM
It looks like the question of @OP had been answered. SBF was arrested and is now denied of bail by Bahama's prosecutors.  It looks like the investigation will not stop on him because of lots of charges files against him including the conspiracy behind the FTX collapse.  Regardless I hope SBF be treated well, and deny him of VIP status so that he will experience the punishment of his wrong doings.
What everyone still needs is their money back. If FTX or Sam Bankman-Fried will give back all the money of customers/investors on FTX Exchange is far better and everyone will be happy.
There are also some people that are still hoping to get their hard-earned money back.
With this arrest of Sam Bankman-Fried could guarantee that these customers/investors' funds will get back? We'll never know.

I reckon it is impossible for the depositors to have their deposits made whole again after FTX has filed for bankruptcy. What would occur is similar to what the usual process is when a company files for bankruptcy. The assets of FTX would be sold and whatever is left after liabilities would be divided among creditors and depositors. I am not quite certain about the exact percentages and figures, however.

In any case, I very much thought that it would be CZ or Justin Sun who would be doing intentional fraud against the community. I was wrong hehehe.
1870  Economy / Exchanges / Re: [Updated] FTX on: December 14, 2022, 01:26:34 AM
If you check Twitter and r/CryptoCurrency, you'll see a lot of warnings about FTX[1], especially now after CZ decided to liquidate FTT (FTX token).

On this, it appears that Changpeng Zhao knew something or some secret information that we ordinary observers in the cryptospace are not very much aware of this.

This was mentioned in social media. On October 6, a hacker steals $570 million of BNB in Binance smartchain. On November 7, CZ begins dumping $580 million of FTT. On the same day, FTX asked CZ to stop dumping FTT. On the next day, CZ said that he will stop dumping FTT if FTX buys $580 million of BNB.

Was this concidence or did CZ imply that might there be something more behind this?



Source https://mobile.twitter.com/stackersatoshi/status/1589971079703171072?s=12&t=cF4qhwqVDnGjycbctJQI3g
1871  Bitcoin / Bitcoin Discussion / Re: SBF, arrested! on: December 14, 2022, 12:22:52 AM
@AmoreJaz. He can bail out from custody of the government because his crime is only a white collar crime. However, what his sentence might be will not be known until a judge decides how long he stays in prison or if he goes in prison.

In any case, I am not quite certain where to share this news but it appears The Block cryptonews website might have received money from Sam Bankrupt-Fried. I am very disappointed in this.



The Block, a media company that says it covers crypto news independently, has been secretly funded for over a year with money funneled to The Block's CEO from the disgraced Sam Bankman-Fried's cryptocurrency trading firm, sources told Axios.

Source https://www.axios.com/2022/12/09/bankman-fried-funded-crypto-news-site-block
1872  Economy / Gambling discussion / Re: 2023 Oscar Awards betting and discussions on: December 12, 2022, 02:15:24 AM
Isn't almost 3 months before nominees being announced a little bit too early to start this thread?

I am not certain why you tell me this now because I have been creating a thread for the Oscar awards as early as the odds are made available by sportsbooks.

Weird to accuse of Brandon Frasier to be taking advantage of anything political when the dude gained so much weight just for a movie, and played with both that much extra weight AND also protesthetics just too look even fatter and got like 10+ minute applause for his acting. I am not saying he will win, all I am saying is that someone else may win, but if he does end up winning then I am sure it will be based on his talents and acting and nothing else.

You might have misunderstood. No one is accusing Brendan Fraser because he did not do a crime hehehehehe. He is only an actor in the movie. It is those Hollywood executives with their agendas who can be accused of using the movie industry to manipulate the people and spread their agenda.
1873  Economy / Gambling / Re: ⚽🎮🎲 Coinplay.com | Brand New Crypto Sportsbook & Casino on: December 12, 2022, 01:52:06 AM
@CoinPlay_official. Similar to the odds for betting on which actor would take over to become the next James Bond after Daniel Craig.

https://coinplay.com/line/tv-games/1033765-special-bets-cinema/153563932-next-bond-after-daniel-craig

Can there also be odds for which actor would take over to become the next Wolverine? Those who are not a fan of movies, the rights for the X Men franchise has been purchased by Marvel Entertainment. This implies that there might be new actors that will be playing our favorite X Men characters including the fan favorite Wolverine hehehe.
1874  Bitcoin / Bitcoin Discussion / Re: Bitcoin and the cryptospace is threatened by this legislation backed by Sam on: December 12, 2022, 01:18:54 AM
If such platforms would be gone, I'm very sure a different kind would take over. Developers are pretty much aware that there is a considerable demand all over the world. New platforms, probably better ones, would come out in no time.

While I'm not really technical and cannot provide you specifics, I have read countless of times why this DeFi thing is full of flaws to the point that they're all but decentralized. The great majority of them have central points of failure. Proof of which is the massive number of so-called DeFi platforms that ended up hacked or being exploited. Billions and billions are lost because they're fake. That they are severely criticized for carrying the decentralized label is certainly justified.

What type of demand are you talking about and what types of platforms of the different kind will take over?

Also, I cannot defend the hacks in Defi, however, what I can say is we should never discourage support of the development of protocols that encourage self custody and open accessibility. Billions were lost in them yes but how much were lost in centralized platforms like Blockfi and other centralized cryptolenders.

I also agree with Defi as not being 100% decentralized. I reckon the classification called Defi is a wrong. It should be called open finance.
1875  Economy / Service Discussion / Re: More platforms will bite the dust? on: December 12, 2022, 12:55:48 AM
All these layoffs were announced months in advance before they happened, and I already wrote in one of the threads where we discussed that all these companies first try to cut their costs by laying off as many people as possible, and then forcing those who remained to work at least twice as much. This is quite a common occurrence in a capitalist society where money is God, and company owners are some kind of high priests who serve it by exploiting those at the bottom of the pyramid.

I do not think that this is a bad sign in the sense that all these companies should be seen in the light of possible failure, because we can hardly expect that all these companies are managed in the way that the famous Mr. Bankman does with his company. In other words, to destroy a $20 billion company overnight, you still need to have a certain amount of skill, and we don't see such people every day, do we?

Agreed that it might only be a contraction of the business because it needs to adjust to the contraction of the cryptospace, however, is this really okay? Can it not also imply that the condition of the business is questionable? We can never suggest that those exchanges are financially safe in this bear market.

In any case, this article about Crypto.com's CEO. It appears that mainstream news media are researching on the history of the important people in the cryptospace and finding red flags.



Kris Marszalek wants everyone to know that his company, Crypto.com, is safe and in good hands. His TV appearances and tweets make that clear.

On Friday, Crypto.com published an audited proof of reserves, attesting that customer assets were held on a one-to-one basis, meaning that all deposits are 100% backed by Crypto.com’s reserves.  The audit was performed by the Mazars Group, the former accountant for the Trump Organization.

While no evidence has emerged of wrongdoing at Crypto.com, Marszalek’s business history is replete with red flags. Following the collapse of a prior company in 2009, a judge called Marszalek’s testimony unreliable. His business activities before 2016 — the year he founded what would become Crypto.com — involved a multimillion-dollar settlement over claims of defective products, corporate bankruptcy and an e-commerce company that failed shortly after a blowout marketing campaign left sellers unable to access their money.


Source https://www.cnbc.com/2022/12/09/cryptocom-kris-marszalek-involved-bankruptcy-offshore-holdings-client-money-monaco.html
1876  Economy / Gambling discussion / Re: 2023 Oscar Awards betting and discussions on: December 11, 2022, 06:25:04 AM
Quote
Brendan Fraser - The Whale

People want this one to win because its his come back film but its not the best film nor his best performance so I dont think on these short odds its a good choice unless people really decide they think its better then all other choices, I do not.

Agreed! This might be speculation based on his performance and an LGBTQ storyline hehe. The movie is about a husband, played by Brendan Fraser, who left his family to go with another man and when the boyfriend of the Brendan Fraser's character died he became very depressed and very fat.

I reckon for best actor and best actress we should wait for the winners of the Screen Actors Guild awards and assess. This will be on February 25.
1877  Economy / Gambling discussion / Re: 🏈🏈 The American Football Discussion Thread 🏈🏈 on: December 10, 2022, 04:55:10 AM
Looks like y'all gonna need to apologize to Baker Mayfield LOL

Rams still suck horribly though.

It was the Raiders' fault why they have lost against this Rams team. There were people in social media who were joking that everyone in the Raiders should quit, from the CEO to the employee in charge of the hotdog stand hehehehe.

In any case, should I use Amari Cooper or Mike Evans? Projected points for Amari is 2 points higher but he is questionable with a hip injury and Massage Watson might again not play a good game. Mike Evans has lower projected points and Bucanners are against the 49ers, however, he is healthy and he has goat Brady to pass balls to him.
1878  Economy / Gambling discussion / Re: 2023 Oscar Awards betting and discussions on: December 10, 2022, 04:29:29 AM
The favourite should be the one to be awarded.  Steven Spielberg is one of the best movie directors ever and the Fabelmans looks like a great movie. My bet goes to the Fabelman for best movie.

We cannot be quite certain if this. I reckon we should wait for the winners of the Golden Globe Awards and the Directors' guild awards and assess before we place our bets on best picture hehe. Yes I understand the conspiracy where much of Hollywood is being controlled by people of Jewish descent and Steven Spielberg is from a Jewish family hehe. However, this might also occur very much similar to last year when Power of the Dog was favorite with odds of 1.49 when it was listed, however, Coda won with odds of 17.00.

We cannot be quite certain where the disposition of the voters might be during the voting process. Will it be for the inspiration of a director, for climate change, for empowerment of women or will it only be voting for a nice movie?
1879  Economy / Speculation / Re: Countertrading Jim Cramer on Bitcoin on: December 10, 2022, 03:26:28 AM
News update.

Jim Cramer told investors to sell all their cryptocurrency that they are presently holding. Everyone knows what to do if you are a follower of Inverse Cramer trading strategy hehehe.

However, has Jim Cramer been saying opposite statements of what was supposed he was to say? This is the head scratching question. It appears the followers of Inverse Cramer should begin doing an Inverse of Inverse Cramer strategy if this is true hehehehhe.



Jim Cramer urges investors to exit crypto

CNBC’s Jim Cramer on Monday told investors that they still have time to sell their cryptocurrency holdings.

“You can’t just beat yourself up and say, ‘hey, it’s too late to sell.’ The truth is, it’s never too late to sell an awful position, and that’s what you have if you own these so-called digital assets,” he said.


Source https://www.cnbc.com/2022/12/05/jim-cramer-urges-investors-to-exit-crypto-its-never-too-late-too-sell.html

Yup, the Jim Cramer counter trade is in full swing. With him basically calling crypto dead, you have your signal that it’s time to go all in. I’m kidding of course, but the numbers don’t lie. Jim Cramer is an absolutely terrible market tuner who is always late to the party with the wrong take on the situation. Seeing him calling for more pain is the first positive signal I’ve seen that the market may be ready for a turnaround.

It might only be another demonstration on how Jim Cramer is always late on market reactions or there are whales who really are counter trading him hehehe.

In any case, this might be one of those occurrences that might show that he is late again. Tether has launched offshore Chinese Yuan in Tron blockchain. I am not quite certain what this implies but it might be Justin Sun has convinced his Chinese connection to begin investing in the cryptospace and he might have also given this Chinese connection a framework where they launder their wealth and avoid China's limits on outflows.



Tether Operations Limited (Tether), the company operating the blockchain-enabled platform tether.to that powers the first and most widely used stablecoin by market capitalization announced today the addition of its offshore Chinese Yuan (CNH₮) to the Tron blockchain. At launch, Bitfinex will be the first exchange to enable its users to deposit and withdraw CNH₮ using the Tron blockchain transport layer from the platform.

Source https://tether.to/en/tether-launches-offshore-chinese-yuan-cnht-on-tron/
1880  Bitcoin / Bitcoin Discussion / Re: Bitcoin and the cryptospace is threatened by this legislation backed by Sam on: December 10, 2022, 02:48:23 AM
~snip~

Are you telling everyone that bitcoin and the adoption of bitcoin will never be threatened by stricter regulations? Everything in the cryptospace will certainly be threatened by this. I agree that the enforcement of the regulations will never be perfect, however, similar to the effect of gun laws on gun ownership, bitcoin will become less accessible for ordinary citizens.

If by adoption you mean that the likes of FTX, BlockFi, Celsius, Voyager, Terra, and other centralized crypto companies and projects sprouting everywhere playing billions of people's money, then yes, it threatens adoption. If by adoption you mean that people could buy Bitcoin P2P through a legitimate DEx and then self-custody it, I don't think this is much of a threat. And, again, Bitcoin itself is not threatened by this. It cannot even be threatened with a declaration that it is a criminal's money and should therefore be made illegal.

No by adoption this means having bitcoin be in the hands of more people adopting bitcoin. Stricter regulations will control the liquidity of how much goes in and out of the cryptospace. Centralized exchanges have the biggest liquidity and where 90% of coins exchanging hands occur.

How much of the community use decentralized exchanges and how much of us in the Bitcoin community use real peer to peer trading or swapping? I reckon it is failing in Bitcoin because we have the incorrect attitude. We imply that we want peer to peer swapping and decentralized exchanges, however, we criticize Defi and their way of doing self custody in Ethereum.
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