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2341  Economy / Gambling discussion / Re: 🏈🏈 The American Football Discussion Thread 🏈🏈 on: August 10, 2022, 12:45:03 AM
@ChiBitCTy. Agreed, however, it might not be similar last year where the NFL was treating the coronavirus as something similar to a death causing disease. There might be shorter quarantines this year and there will not be discriminatory treatment on the unvaccinated.

I joined a mock draft and it appears that a 10 man league is harder than the 8 man league we were playing last season. Has everyone been practicing?
2342  Alternate cryptocurrencies / Altcoin Discussion / Re: Investing in Casino tokens such as BFG, OWL or TFS on: August 09, 2022, 03:22:05 AM
And why OWL keeps on going up in price? Honestly their site doesn't seem to be very unique or impressive - anyone has a credible explanation who is behind the price rise of that OWL token?!
Probably because more users are using the gambling platform and they prefer to use OWL token on the gambling site. There can be ways the token is promoted on the gambling site that makes people using the gambling site to buy it. As people that are using the gambling site increase, the token market worth will also increase, thus the price as well.

This is a late reply but everyone should see reality.

This is more because the whales and the project's team controls the market for OWL tokens which is also very illiquid. The market makers for this only needs a small amount of BNB and small amount of OWL tokens on the other side to maintain the price.

This is tokensniffer.com's analysis for OWL. This does not imply that OWL will rugpull because the team has been trustworthy since the beginning, however, the team certainly can if they want to rugpull.

https://tokensniffer.com/token/0x9085b4d52c3e0b8b6f9af6213e85a433c7d76f19
2343  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Tornado Cash mixing service is now blacklisted in US on: August 09, 2022, 02:06:12 AM
What is interesting about this is that the service is actually a piece of code, which can be run locally or in another server.
This the good thing of a decentralized platform, (censorship-resistant) authority can only suspends its website domain or hosting but it can still be used freely.
But since it's dependent to github repo, which can be sanctioned too like they did to Iran and other countries suspending github accounts or blocked the access of github with US request which they will do it lately, after realizing it's useless suspending only the website and not its whole process.
I hope there's also a decentralized code repositories (better if there is already) for decentralized platform's to preserve its codes.

Nothing can stop Tornado Cash because the user can still interact with the smart contracts directly. I have not read all of the news, however, there are some people in social media who said that this is the first time a smart contract has been sanctioned. This implies that there is is a ban on interacting with the smart contract.

In any case, the solution will certainly be to fork Tornado Cash hehehe.

Also, this sanction will be a problem because it can be used against anyone. What if I use Tornado Cash then send those coins I mixed to Binance, FTX and Coinbase hot wallets?
2344  Economy / Service Discussion / Hodlnaut another Cefi lender halts withdrawals on: August 09, 2022, 01:30:40 AM
According to some people in social media, their website used to have a page showing their team members. It is not there anymore. The founder's twitter account has also presently been set to private.

There is a twitter account that calls himself FatMan who has warned everyone against depositing coins in Hodlnaut because it used users' deposits on another protocol. It is assumed their yields came from Anchor the ponzi protocol.

https://mobile.twitter.com/fatmanterra/status/1541101947943620609



To all users, we regret to inform you that we will be halting withdrawals, token swaps and deposits with immediate effect. We have reached this difficult decision due to recent market conditions.

We understand that this is disappointing news and understand its impact on you. We would like to reassure you that this difficult decision was taken for us to focus on stabilising our liquidity and preserving assets, while we work to find the best way to protect our users’ long-term interests. We sincerely apologise for the inconvenience that this has caused you.

We would also like to inform our users that, as a result of the above reasons, we have since informed the MAS of our intention to withdraw our licence application. Hodlnaut is therefore no longer providing regulated digital payment token (DPT) services, ie our token swap feature. For the avoidance of doubt, Hodlnaut will also cease all borrowing and lending services.


Read in full https://www.hodlnaut.com/press/hodlnaut-message-to-our-users
2345  Bitcoin / Press / Re: Whithersoever my coin desires may lead... on: August 09, 2022, 12:55:17 AM
How is bitcoin maximalism presently taken by everyone in bitcointalk?

New policy:  I present myself as a fearsome “Bitcoin maxi” to altcoiners, and I chat about my favourite altcoins to Bitcoiners.  Thus, I can discover who my true friends are.  This optimizes for the human element.  So does intransigent opposition to scams.

I have been intending to write an essay with my own take on Bitcoin maximalism, but I am not sure if this forum is the right place to publish it.

You should write and publish it in the forum, I reckon. I would also like to know your opinion on some bitcoin maximalists who appear to want everyone to believe that there is only bitcoin and bitcoin's failure will be the whole cryptospace's failure without any other cryptocoin having to find and achieve success.

I also want to hear your opinion on the comments of people similar to Max Keiser who said in an interview that all fiat will be going to zero against bitcoin. Is this right?
2346  Economy / Speculation / Re: Bitcoin Market Sentiment Infographic for August on: August 08, 2022, 02:15:02 AM
I may be wrong, but it does not seem to me that we should expect any kind of bull market this year, and probably not even in the first two quarters of next year. It is simply too early for that, and the global world market will only feel the real challenges in the coming months. I will be skeptical even if the price reaches $30k, because then we are just going back to where we were before the idea of the genius from South Korea collapsed. If that hadn't happened, maybe the bottom would have been somewhere around $25k, but that now remains only in the sphere of speculation.

All in all, I'm really interested in how things will play out in August in relation to your analysis, although I admit that I'm more focused on long-term goals.

Agreed. We have witnessed bear markets pump and dumps before which were caused by whales and cryptofunds like Alameda Research through their use of manipulation and leverage. Also, similar to you, I also become very skeptical when analysts like Tom Lee go to CNBC and declare that the bear market is over hehehe.
2347  Bitcoin / Press / Re: [2022-06-28] Bitcoin mining revenue mirrors 2021 lows, right before BTC breached on: August 08, 2022, 01:39:59 AM
One thing I have learned from Bitcoin price history is that it is not predictable at all. There are just too many factors that influence the price and trying to link Bitcoin mining to that, will eventually fail too. We saw several predictions linked to Bitcoin mining when the Bitcoin price took a 80% nose dive in 2020.. and most of them were wrong.  Roll Eyes

We had periods of 3 years between a "crash" and a next "All-time-high" Bitcoin price spike.... so all this guess work is simply a waste of time. Just concentrate on increasing Bitcoin adoption ....and the Bull-run will happen on it's own.  Wink

Exactly, it is completely unpredictable except over long periods:  if usage continues to grow - no matter what the use whether it be transactional or protector etc - and new supply follows the programmed curve, then the price will go up.  It is just that one can not predict anything over shorter timeframes.

If I am not mistaken, bitcoin has been very predictable for the last 2 pairs of bull and bear markets. 1st pair 2012 - 2013 was a bull market then followed by 2014 - 2015 bear market. 2nd pair 2016 - 2017 was bull market then also followed by 2018 - 2019 bear market. The present cycle is the 3rd pair with 2020 - 2021 bull market and with the next market being 2022 - 2023.

Also, leverage has been the fuel of bitcoin pumps and bubbles since 2017. Many influencers in bitcointalk.org have argued that there is no bubble and it has been very clear that they are wrong. I predict that they will be more acceptable of reality during the next bull market hehehe.
2348  Bitcoin / Press / Re: [2022-07-14] Nic Carter vs. The Bitcoin Maximalists on: August 08, 2022, 12:51:09 AM
@goldkingcoiner. So according to your argument, if bitcoin fails, no other project in the cryptospace should succeed? Is this not very much removed from reality?

I am also not saying that bitcoin will die. I am only asking if the people would reconsider using bitcoin as a store of value if it has been overtaken in market capitalization by another coin and if bitcoin's value falls continuously.

I didn't think that he meant "no other project in the cryptospace should succeed" but that if bitcoin were to die, it would indicate some fatal flaw with crypto in general which would mean that no other crypto would succeed.  Perhaps it is a subtle difference, but that was the way I understood it.  :-)

I reckon that it is much worse because it is telling everyone that if bitcoin cannot succeed, no other cryptocoin can succeed. The arrogance of this type of thinking within some groups in the bitcoin community is what is causing to make it comedic and intolerable. This is very head shaking behavior. If you do not know what I am talking about, there are many Max Keiser videos in conferences.
2349  Economy / Speculation / Re: I do believe that Bitcoin will be more scarce than gold on: August 08, 2022, 12:27:49 AM
Generally there is always a difference between Bitcoin and Gold. As we consider a fixed asset then gold can be one, even though it has very little volatility. Bitcoin on the other hand is the most volatile as its price can go up or down in shortest possible of time. If you think of a bearish market then many will favor gold and if you consider as bull then nothing will be comparable with Bitcoin.

However, if we deserve bitcoin based on the future and it's potential, Bitcoin will definitely be ahead from all aspects.

Bitcoin is very good as a speculative asset and has the potential to become a longterm hold asset similar to gold. However, to compare the 2? I reckon it is not yet comparable, I reckon. Gold has been used since before the time of Jesus Christ with much of its usage as money going back to ancient times. We can say for certain that gold will never go away, during times of peace or times of war. The world can go back to the stone age and gold will always be there. We cannot say something similar for the cryptospace.

Although the future of bitcoin isn't as certain as the future of gold, investing in bitcoin is definitely more profitable than investing in gold. What we need to do is diversify our investment portfolio.

Both are very good assets, each with different pros and cons, so holding both is advisable. Bitcoin for speculation and gold can be a safe store because of its certainty and low volatility. In this way, we will limit our risk and maximize our profits.

I very much agree and this is why many of us and many institutional investors have been attracted in the cryptospace. It is not because we are in for the technology. It is because we are in for the profits. 1 year bull market in the cryptospace is more than 5 years bull market for gold and many other commodities. Volatility is good for speculative investments but very bad for stores of value. This is also why I have began arguing that bitcoin is not a good store of value, which many influencers in the forum appear annoyed. However, this is reality.
2350  Economy / Gambling discussion / Re: 🏈🏈 The American Football Discussion Thread 🏈🏈 on: August 07, 2022, 03:03:24 AM
Edit: just an FYI, everyone should keep in mind when voting for IR spots that having more than normal is a good idea with Covid and all.

Agreed! It would also be much easier for us newbies in this game hehe. I like going to the waiver wire and make trade requests that I do not need, however hehehe.
2351  Economy / Gambling discussion / Re: Jake Paul v Hasim Rahman Jr / Amanda Serrano V Brenda Carabaja co-main event Aug on: August 07, 2022, 02:12:43 AM
Jake Paul is calling out Andrew Tate now after his last two opponents haven’t been able to find their way into the ring. I think Andrew Tate is one of the few people that is hated more than Jake Paul is. I’d love to see this fight and I’m not sure how well Andrew Tate can box, but given his ego I think there’s a decent shot of a fight like this happening and drawing an audience. The only thing is that I’m not sure Andrew Tate needs the money.

Hehehe if Jake Paul gives a good offer for Andrew Tate and Andrew accepts, this will be one of the highest payperviews in the history of the sport of boxing. Andew Tate has become quite the internet personality that is being idolized by young people for his life counseling in social media.
2352  Economy / Speculation / Re: I do believe that Bitcoin will be more scarce than gold on: August 07, 2022, 01:45:54 AM
Generally there is always a difference between Bitcoin and Gold. As we consider a fixed asset then gold can be one, even though it has very little volatility. Bitcoin on the other hand is the most volatile as its price can go up or down in shortest possible of time. If you think of a bearish market then many will favor gold and if you consider as bull then nothing will be comparable with Bitcoin.

However, if we deserve bitcoin based on the future and it's potential, Bitcoin will definitely be ahead from all aspects.

Bitcoin is very good as a speculative asset and has the potential to become a longterm hold asset similar to gold. However, to compare the 2? I reckon it is not yet comparable, I reckon. Gold has been used since before the time of Jesus Christ with much of its usage as money going back to ancient times. We can say for certain that gold will never go away, during times of peace or times of war. The world can go back to the stone age and gold will always be there. We cannot say something similar for the cryptospace.
2353  Bitcoin / Bitcoin Discussion / Re: Saylor steps down as Microstrategy CEO on: August 07, 2022, 12:32:34 AM
@Dave1. If it really was because of Microstrategy's losses in their bitcoin investment, Michael Saylor would never admit that it might be the cause of his step down from being CEO. I reckon Microstrategy itself as a company would also never want the public to know. It would make them look very stupid.
2354  Economy / Gambling discussion / Re: Jake Paul v Hasim Rahman Jr / Amanda Serrano V Brenda Carabaja co-main event Aug on: August 06, 2022, 06:17:19 AM
@Baofeng. He almost made the weight? This fight would have been a very clear knockout win for Jake Paul, I reckon hehehe. Jake Paul was very wise to demand 205 because he does not want to risk reducing the odds of his victory versus a real professional boxer.

In any case, to save Jake's reputation as a promoter, the next he should do is to have the fight against Tommy Fury organized this year because a victory versus Tyson Fury's brother would certainly increase Jake's popularity as a boxer, a promoter and a showman. I think as a showman, he is a genius following the footsteps of other genius showmen like Vince McMahon and Andy Kaufman.
2355  Economy / Speculation / Re: I do believe that Bitcoin will be more scarce than gold on: August 06, 2022, 05:48:57 AM
BTC doesn't have to fight gold, does it?
In fact, BTC is made to defeat fiat. Gold is something different. You can have both BTC and gold. why force yourself to choose one over another?
Gold is good. It made stunning jewelry.
BTC is good. It pays for my coffee.


Lovely! That's exactly what it is! Bitcoin and gold belong to different leagues of assets. They don't have to be compared with each other. Both of these assets have different use cases. In a nutshell, it doesn't matter if bitcoin is more scarce than gold.

On and off, I am seeing a frequent comparison between bitcoin and gold which doesn't really make sense! Even if we consider both as an investment, still they ahould not be compared!

Agreed and as far as scarcity is concerned between gold and bitcoin, it is a head shaking comparison. Gold is in the elemental chart, having physical properties and it cannot be forked and be called gold and gold cash with 2 communities fighting for which one is the real gold.

Bitcoin is different and complicated. It is scarce but only according to social consensus because it can be forked and have another 21 million coins created in the other chain with another community arriving in consensus that their fork is bitcoin.
2356  Bitcoin / Bitcoin Discussion / Re: Saylor steps down as Microstrategy CEO on: August 06, 2022, 04:45:40 AM
Well, I did say some time ago it was bound to happen. You get a vocal guy representing his company less and less as a tech developer (actually I don't even really know what they do) and more and more as a magic internet money holder. Board was never going to sit still, squirming with every Tweet asking companies to stop buying their own stock and buy more BTC instead.

Personal/business lines do get blurred a lot and this was only appropriate.

Agreed. There is nothing wrong in giving investment tips the cryptospace, however, when a CEO of a Fortune 500 company begins becoming the leading circle jerker of a cult and also tells them to refinance their homes to buy bitcoin, this is where it becomes really head shaking. I am not certain why maximalists are very much removed from reality and consider him a genius. Call him a genius after he makes $1 billion in his bitcoin investment not during a loss of $1 billion.
2357  Bitcoin / Bitcoin Discussion / Re: What will happen to BTC if China attack on Taiwan? on: August 06, 2022, 04:21:28 AM
Taiwan is one of the chip-producing countries in the world, which are used for electric cars and mobile phones, if China is really serious about attacking Taiwan, I personally think it will be affected by bitcoin, such as the events that occurred between Russia vs Ukraine, making market participants worried again. and almost all assets fell, not only crypto, even the stock market was sluggish, I hope there will never be another war, because so many will become victims of war, because war makes the economy weaken in all circles.

Also, world war is an event that causes more inflation. This will cause the prices of commodities similar to crude oil, coal and natural gas to increase and also cause the prices of energy around the world to increase. This will also cause the miners' costs to mine to increase. Production of mining hardware will also increase. This and a recession because of war might be the cryptospace market's hardest trial to survive. I speculate bitcoin's market might survive because it has the biggest with much of the liquidity, also maybe Ethereum. However, much of the rest might die.
2358  Economy / Gambling discussion / Re: 🏈🏈 The American Football Discussion Thread 🏈🏈 on: August 05, 2022, 03:47:39 AM
News update.

It appears that massage therapists in Cleveland will presently feel safe. The judge included a mandate that only massage therapists that were hired by the Browns will touch Deshaun Watson's body hehehe.



Robinson’s decision also contains language that mandates Watson receive all massage therapy from Browns therapists, according to a report from NFL Network’s Tom Pelissero.

Source https://www.si.com/nfl/2022/08/01/deshaun-watson-ruling-includes-mandate-about-massages-per-report



These women were hired by the Cleveland Browns to take care of all Deshaun Watson's massage therapy needs. I am quite certain that there will be no more sexual assault.



2359  Economy / Gambling discussion / Re: Jake Paul v Hasim Rahman Jr / Amanda Serrano V Brenda Carabaja co-main event Aug on: August 05, 2022, 03:26:59 AM
~
If Jake has big balls and a lot of money, he could offer Francis Ngannou to have a fight. It will be huge. And Francis always talks that UFC pays him to little.
It is not about the balls of Jake Paul, if he wants to fight anyone contracted to the UFC, he needs to get the permission of Dana White to participate in that event which is highly unlikely because in face value itself it is a big mismatch. Jake Paul is not that big compared to Francis Ngannou and weight division is for a reason  Tongue.

~
Also, Jake Paul is a businessman. If you notice, everyone he challenges have been knocked out or have no real skill in boxing or they are former MMA fighters who have become old and weak. Jake will certainly never offer Francis Ngannou anything unless Jake wants to be dead hehehehe.
That is not true, i believed in this narrative earlier but when Tommy Fury and Hasim Rahman Jr two of the so called legit boxers never made it to the scale citing injury and that too Tommy Fury two times and Hasim Rahman who was not willing to cut down from 215 pounds to 205 pounds even with a week left even though Jake Paul allowed to cut down to 210 pounds, he was not willing to cut any weight, bunch of pussies who are scared to even fight a youtuber even after agreeing to fight have no rights to mock him to be frank.

Now i understand why he was signing MMA fighters to fight, if they sign the contract they will come to fight as Chael Sonnen said in his podcast but boxers would challenge and then back out for no reason that could be disclosed. The damage Jake Paul had to compensate by cancelling the event is huge as he had to shell out around a million dollars compensating the undercard and other booking charges including the arena and broadcast partners is huge.

I am not quite certain why Jake Paul issued a challenge to Tommy Fury, however, it is very known in the boxing world that a boxer's chin will become weaker when the boxer is knocked out badly. Hasim Rahman was knocked out badly by James Kenzie Morrison only on April 29. This is only 3 months ago which will be very bad for Rahman because only a touch from Jake's glove will make him sleep in the ring hehehe. Also this weight cut from 215 to 205. This is 10 pounds! This will drain more water from his brain causing for him to have concussions very easily. Rahman knows this and he also knows why he was lucky to be chosen by Jake. This is why he cancelled.

As I have mentioned, Jake Paul is a businessman and a youtuber. He is doing this for the show, he not doing this to become a good boxer.
2360  Economy / Speculation / Re: BTC Sentiment Poll for August on: August 05, 2022, 02:15:17 AM
I think a lower low will form before the end of 2022. We will trend mainly sideways for the first half of 2023 but start to slowly rise as the halving in April 2024 nears.

I very much agree, however, I disagree on the lower low. There will not be a lower low, I reckon. I also speculate a pump to $25,000 is very much possible for this month. But September is another month and we might witness another dump under $25,000 hehehe.
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