1. Punjab Kings 2. Over 3. Gujarat Titans 4. Under 5. Rajasthan Royals 6. Under 7. Royal Challengers Bengaluru 8. Under 9. Mumbai Indians 10. Under 11. Gujarat Titans 12. Over
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13. Diego Lopes 12. Michael Chandler 11. Jean Silva 10. Yair Rodriguez 9. Dominick Reyes 8. Sean Woodson 7. Xiaonan Yan 6. Jim Miller 5. Julian Erosa 4. Michał Oleksiejczuk 3. Mitch Raposo 2. Marco Tulio 1. Hailey Cowan
NOT go the Full Distance: 7
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Game 1: 25, 14' Game 2: 25, 17'
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Bitcoin is money, and with money, there's a strong matter of trust. I have some people in my life whom I trust a lot, close family members. I can and do easily talk about Bitcoin to them, and we know how to access each others' funds, but it would also work if just one of us had those funds. I don't see why I should trust a lawyer, and a lawyer would normally have to be paid. So to me, the choice is loved ones (not necessarily someone literally from your family, but someone you truly trust). Then again, I'm always mentally ready that someone might make a mistake, the money can be lost in the process. I accept it as a risk.
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Volatility is nothing new for Bitcoin, and if someone's investing with a long-term perspective, such changes are not important. Panic selling is unnecessary in such cases, but I also wouldn't be quite as optimistic about sunshine, as with Bitcoin, it can take a few years for sunshine to come sometimes. And if someone is too anxious and not patient enough for that, it's okay. Perhaps the bull market is over, and we're moving toward another long bear market. If one's ready to see Bitcoin fall much lower, potentially to $30k-40k, for instance, then it's fine. If not, it might be a reasonable time to sell when the price is still pretty high. Of course, you never know with Bitcoin, maybe the price will recover soon. But it's not a given.
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Populism is dangerous this way, as it's easy to get love and support by providing direct aid to people, even if there's no sustainability in that aid. I believe that direct aid, without any additional sustainability build-ups, should be the last resort, for temporary and critical situations, and it should be distributed to those to need it the most. Corruption, of course, it also a huge issue. As a Ukrainian, I know it all too well. It's hard to distribute aid fairly when it can be misappropriated in very large amounts. It is even harder to bring systemic change when the current system is beneficial to those who are a part of it because the loopholes work well. But it's important to make sure that the government does not forget who it serves. Unlike dictatorships, Ukrainians have already proven that they are ready to change their country, fight for freedom, and demand justice. I hope that in the Philippines, people can show their active position and civil society can overtake some functions where the state is failing miserably. I sure hope the Philippines will not be the next Venezuela.
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I don't understand what Trump is doing there, to be honest. I realize that the idea of imposing tariffs on foreign goods is supposed to support local producers of goods. It can also be a bargaining chip in political negotiations. However, it is clearly hurting the US economy. It's been the worst week for the US stock market since COVID, all thanks to harsh actions and global tariffs. I sure hope that even people who voted for Trump are not pleased with how he's handling the economy.
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If we look at the future, gold reserves will likely continue to play an important role in the global economy. It's natural to depend on gold, as it's been around for much longer than any current fiat currency. Not to mention that Trump Administration's activities do not exactly invoke a sense of reliability and trust.
Bitcoin is more profitable, but also way more volatile. The USD is fiat, so it loses value on a yearly basis, and people can be legitimately concerned that it will lose much more value than usual.
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Freezing without charges being filed seems harsh, unless there is a very strong evidence against a person and the freeze will not last long (meaning that the charges will come very fast). Obviously, the authorities can't warn people before freezing the money.
But it's fantastic that there is always an option to keep money in self-custody wallets. As long as this option remains legal, I think all is well, and people should do their research and make informed decisions on storing cryptos.
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The process of recovering funds after the FTX situation remains relevant. I think it's nice that they went to small creditors first. I realize it was probably just because they couldn't afford much more, but it is also more reasonable because the small ones (if it's small debt to small companies rather than small debt to big companies) need it more. But will it affect Sam Bankman-Fried? He's serving a 25-year sentence right now. Perhaps the idea is that by paying off tons of debt, his situation can be improved?
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The idea of creating a Bitcoin reserve for the U.S. has been discussed for a while, but there's indeed to clarity (at least, for me), on how and whether it's going to be done. I don't think selling gold is a good idea, as gold is highly reliable. Using confiscated cryptos sounds reasonable, but only in cases where the money cannot go directly to victims who lost that money in the first place. It seems that the idea of BTC reserve overall is currently about confiscated funds ( est. 200 000 BTC) not being sold and perhaps some confiscated funds being added into the Bitcoin reserve in the future. But maybe I'm misinterpreting it. And since it's Trump administration, the vision can change at any point.
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Bitcoin used to be just a way to make some extra money, and something I was curious about — a digital coin with no physical representation and somehow not issued by any state. But the deeper I got into it, the clearer I realized that Bitcoin is largely about freedom. Of course, over time, it also became a decent asset, but I am not particularly concerned about its price and the growth of the price over time. I don't think 10,000 satoshis could make someone a millionaire. But, in any case, that's just not what matters to me, personally.
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1. Mumbai Indians 2. Under 3. Kolkata Knight Riders 4. Over 5. Chennai Super Kings 6. Under 7. Rajasthan Royals 8. Over 9. Delhi Capitals 10. Under 11. Chennai Super Kings 12. Over
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13. Lerone Murphy 12. Pat Sabatini 11. ChangHo Lee 10. Martin Buday 9. Brad Tavares 8. Torrez Finney 7. Luis Gurule 6. Daniel Santos 5. Diana Belbita 4. Daniel Frunza 3. Victor Henry 2. Vanessa Demopoulos 1. Loma Lookboonmee
NOT go the Full Distance 7
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1. Yes 2. Under 3. Same 4. Florida 5. No 6. Over 7. Houston 8. Houston 9. Duke
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Being a member of this community gave me a lot. At first, it was curiosity and earning some kind of 'magic money' that only exists in digital realm. But quickly, it became much more than that. I've learned so much about Economics, about financial freedom. And later, when we got to these topics at my university closer to graduation, I already had a strong background, strong understanding of how ideas by brilliant people like Friedrich Hayek could be applied in practice. The forum also has a particular culture, which I enjoy. People are largely respective, largely relying on argumentation and sources. It's a place where you can truly see people from very different backgrounds interacting rather productively with one another.
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Bitcoin can be helpful for people in countries with hyperinflation, but only if they are cautious and understand the risks. If hyperinflation is truly at a terrible rate, like in the countries the op mentioned, Bitcoin can help save money and protect people from losing purchasing power. But it's important to remember that Bitcoin doesn't solve larger socioeconomic issues like corruption or ineffective monetary policies. So on state level, there should be systemic changes addressing the root causes of hyperinflation.
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ATMs are a real lifesaver when other options are not around. However, I don't like cash, and I don't like the experience of standing in front of an ATM, pushing some buttons. I feel exposed, somewhat nervous. I can also forget a card, or if there's a malfunction, an ATM might simply swallow it. Not to mention, that using an ATM abroad can lead to huge and unexpected fees, much like using a Bitcoin ATM. It's good that they exist, but to me, they are the last resort.
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Education is indeed very important for development. Investing in Education as an institute is something worth doing, even if a country doesn't have a lot of resources. However, it is hard to make a proper system. There's a very useful distinction of know-what and know-how. Know-what is largely concepts, information we are learning. Know-how is learning by doing, acquiring skills. In traditional education, there's often too much know-what and too little know-how. Without proper opportunities to implement creative ideas and projects, it's not easy to make the most use of education.
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