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2341  Economy / Exchanges / Re: Coinbase starts accepting AppleGoogle pay to buy crypto-Start of global trnsfrs? on: August 06, 2021, 05:51:14 PM
So Coinbase has added some more convenience to its users by allowing Apply pay and with Google pay in the pipeline. This methods offer superfast payments so users will experience speedy turnaround while buying cryptocurrency from Coinbase. It's just a wise business decision so stay ahead of the competition.

Rest assured, each and every transactions will be getting reported to IRS or the local tax authorities as appropriate. They have been doing it anyway so existing users of Coinbase would not worry much about it!
2342  Economy / Gambling discussion / Re: How Bet correct score on: August 06, 2021, 05:03:57 PM
Hello community, I want to place some bet on some games in the Olympic and am wondering where I can get correct scores with good odds; I know there are few fixed games that user can help me with info that

Lol! What made you think that there are fixed games in Olympics!! An event of such prestige, has a very less chance of having fixed games. Also if you find someone with any such information, most probably he is a scammer trying to make some quick money out of your greed.

My suggestion is that, don't run behind fixed games! Rather try to learn sports, keep yourself updated with latest events and player's performance. Knowledge is your best friend to win in gambling market.
2343  Economy / Economics / Re: Enjoy comunism (II): Venezuela to cut 6 zeros from its currency on: August 06, 2021, 01:10:45 PM
Lol! It seems op has issue with communism only, rather than the actual reasons of hyper inflation in Venezuela. The problem of Hyperinflation started since the current president came to the power in 2013. It took him only 3 years to push the country into Hyperinflation and he was forced to declare an emergency. I frankly don't see any hand of communism in here!

Communism actually ruined former Soviet union and currently ruining North Korea and China to some extent. Another country Zimbabwe is also facing same issues but communism has never taken a step in that country. So honestly I don't see how communism is ruining Venezuela. It's the democratic government that is ruining the country even after sitting on the biggest oil reserve in the whole world.
2344  Bitcoin / Bitcoin Discussion / Re: The American Bankers Association (ABA) with cryptocurrency companies. on: August 05, 2021, 06:13:12 PM
It's great to hear that at least one banking association has spoken positively about cryptocurrency. Because in most of the other countries, banking lobby is constantly pushing the government to impose a blanket ban on cryptos. In my monthly newsletter I received from my bank, inevitably mentions about the high risk of cryptocurrency and 10 reason why should everyone avoid it.

So it's really great to know at least smart bankers are thinking out-of-the-box and talking about the benefits of crypto adoption.
2345  Economy / Gambling / Re: Can't withdraw on rocketpot.io after their 'airdrop' on: August 05, 2021, 05:14:47 PM
Lol! No businesses entity will give you 100 usd without any strings attached. This 3x play amount requirement is a wagering requirement. But if you have really played with 3x of the bonus amount, then you shouldn't face any issue.

Rocketpot has a bitcointalk thread,
https://bitcointalk.org/index.php?topic=5178376.0

Owner's profile link:
https://bitcointalk.org/index.php?action=profile;u=2641009

Also the owner seems to be actively visiting the forum. Raise your concern over there to receive faster resolution.
2346  Bitcoin / Bitcoin Discussion / Re: Uruguayan Lawmaker Proposes Bill to Treat Crypto as Legal Tender on: August 05, 2021, 03:33:33 PM
This kind of new actually excites me more than the news of a random company buying millions of dollars worth of bitcoin. Because if a country legalises the bitcoin, that will bring granular level adoption by the mass. That's exactly what we want. That exactly what Mr. Nakamoto would have wanted. Bitcoin is not an asset to sit at a corporate coffer. Rather it needs to sit in a layman's wallets.

I understand this is just a proposal and not a bill yet. But even that baby steps matter. We need to remember that a simple ripple has the power to become a tornado. Let's wait for that day!
2347  Alternate cryptocurrencies / Altcoin Discussion / Re: Friendship breakup viral meme sold for $51,530 as NFT on: August 05, 2021, 02:26:32 PM
This entire incident shows that people are selling from craps to garbages in the name of NFT that literally translates the NFT to "New Foolish Trend" instead of "Non Fungible Token". Just doesn't make sense! I understand some people have so much money that they don't mind spending that much for a piece of shit. I encourage them to feed the poor people at least once in a week instead of throwing money into drain. You will get the blessing from these poor people which has more value than having a shit NFT.

Just another nonsensical staff happened in crypto market! And people say fiat is printed out of thin air!!!
2348  Bitcoin / Bitcoin Discussion / Re: Google starts accepting Bitcoin ads on: August 05, 2021, 04:09:46 AM
Google has begun to accept advertisements for Bitcoin, and Google lifted its ban on advertisements related to Bitcoin and other cryptocurrencies. Starting August 3, companies using Bitcoin and cryptocurrencies can once again advertise on the search giant and various websites that are part of its platform. The ban was implemented in March 2018 to comply with the new regulations of the Financial Crimes Enforcement Network of the United States (FinCEN).

Article Source: https://updateonbitcoin.com/google-lifted-the-ban-on-advertising-related-to-bitcoin/

Possibly a good news for a centralized web world. Where one company has a market share of more than 60% and dominates almost everything happening online. It's sad that in the times of decentralized currency systems, we still depend on centralized internet search engine. But that's what it is! Google wants a slice from crypto market and crypto market needs new users. If both are fulfilling each other's requirements, where to complain? It's instead better to submit to the situation and prosper! Isn't it?
2349  Economy / Gambling discussion / Re: 🔥~~(ONLY WHALES!!) STAKE - PRIMEDICE - BUSTADICE - BUSTABIT -BITDICE METHOD~~🔥 on: August 04, 2021, 05:57:18 PM
Common sense alert:
If you find a random guy in the web who claims to have developed or found a great tool/method to make great amount of money from any certain businesses, avoid them like plague!

What should happen in reality:
If someone really has access to such tools or methods, that person will guard it like his swiss bank account details. That person will use this method/tool to make money for himself. But wouldn't try to sell it against a payment.

Disclaimer: this advice comes from an experience of more than 14 years making money online in more than 7 different areas. Any resemblance with any dead or living person or any incident, is a coincidence!
2350  Bitcoin / Bitcoin Discussion / Re: Increasing acceptance level - Cryptocurrency on: August 04, 2021, 04:53:13 PM
I believe it's in Bengaluru. Is it a decision taken by the local Auto Union? Because the sign-board says "we" instead of "I". Any Autowala can accept cryptos as per their own will but I am little skeptical how this transaction will work. Did you try paying through cryptos? If yes, please share your experience. Because it's a splendid news for crypto community of India. It's actually a granular level crypto adoption which is very very important for the growth in the market.
2351  Alternate cryptocurrencies / Altcoin Discussion / Re: If all crypto users to KYC on: August 04, 2021, 01:51:17 PM
All those shitty "regulations" will ruin the whole concept.

The concept of anonymity and zero middleman is a potential threat to any government. So first they will try to impose a blanket ban. But when they will realize that they can't ban a cryptocurrency, they will move to stricter regulations to improve revenue. That's what the future holds for crypto market.

So any Dex or Swap providers will either be taken down and all centralized exchanges will continue to follow regulatory provisions or KYC and reporting transactions above a certain value. So no matter if the concept is ruined because government anyway doesn't care about concepts, expect strict rules to follow in crypto market.

Yes maybe there will be less scams etc. but freedom comes with pros and cons. Scams and other shady stuff related to crypto is just a con. I laugh at all those government officials when they talk about "regulating" crypto related stuff. Just lol. The rules are already written in the source code, (eg: Amount of btc) we don't need more rules and no one can make up more rules aka "regulations". Btc belongs to my wallet and no i wont give you my belongings. Stay away regulator!
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2352  Economy / Marketplace / Re: How do you buy physical items anonymously with Bitcoin? on: August 04, 2021, 07:10:53 AM
I am looking to purchase items like collectibles of Bitcoin without revealing my address. I could get a escrow to middle man the deal but I am still giving away my personal information to someone that I do not know. Is there any services out there that allow auto forwarding of mail or drop off points which you can access without giving away personal information?

I have a very simple solution to your problem. Visit any post office in your country and apply for a PO Box number. Once this PO box number is created, you can use it to receive any legal goods delivery. This way only post office will know your actual address but neither the escrow provider or the seller will ever know your actual address. It's that simple!

Hooe this helps! But please take into account that PO box is similar to bank locker. You need to pay monthly charge to maintain it.
2353  Bitcoin / Bitcoin Discussion / Re: Bitcoin Vs Compound Interest on: August 03, 2021, 05:01:27 PM
The calculation of compounding interest has one component called "time". The longer the time, the better the return. If you eliminate time, the compounding itself becomes invalid.

However, for bitcoin, things are little different. Definitely, time is an important factor here as well. But the extreme volatility is very much unpredictable. That makes it riskier than traditional assets. So I don't think bitcoin and compounding of interest is even comparable. Both has their own unique benefits and negative points as well.

So instead of comparing, it's good to enjoy the benefits of both!
2354  Economy / Gambling discussion / Re: Will you be betting more during the Olympics? on: August 03, 2021, 03:52:52 PM
Olympics are here! Nowadays you have all the options to bet to almost all sports, but there are not that many occasions to use you knowledge about the international scene of some of the sports to make more interesting bets. For example, football is fine because you would normally get many chances, but what about new sports such as climbing? An also being able to do so almost all day around  Grin Don´t get to crazy about it guys!

Jokes aside, will you be betting on the Olympics? Will that be on top of your usual betting or instead of your usual betting?

Personally I would! Because sports like Football or Cricket betting is available throughout the year but uncommon sports like Table Tennis, Badminton, Rowing, swimming, long jump, high jump etc. Are available mostly during the Olympics. The choice of sports is literally unlimited during Olympics. Also such aports usually get mass attention during Olympics and almost all media houses around the world covers them. So an avid sports gambler would never let this situation go out the hand! It's literally raining opportunities for a sports gambler.
2355  Bitcoin / Bitcoin Discussion / Re: Huge financial firm NCR to acquire BTC ATM operator and POS firm LibertyX on: August 03, 2021, 02:04:05 PM
...

LibertyX is that company that struck a deal with CVS and 7-Eleven to allow buying BTC for cash.  They are apparently the largest BTM operator as well.  Link:

https://bitcoinmagazine.com/business/ncr-acquires-bitcoin-atm-provider-libertyx

Well the bitcoin market is the best quality blueberry cheesecake and everyone wants a slice of it. This is the second news of today where corporates have shown interest into bitcoin market. First is Aramco's plan to mine bitcoin using their petroleum by-products and now this one!

But it's good that NCR is not participating in bitcoin network directly but they are into facilitation business. So it's a little less risky for the market to be honest!
2356  Bitcoin / Bitcoin Discussion / Re: Saudi Aramco, world’s 3rd largest company, plans to start mining Bitcoin? on: August 03, 2021, 10:49:24 AM
Not a good news! Even though I doubt the genuineness of this news and I personally don't think an oil giant will involve themselves in bitcoin mining. But if it happens, Soudi government will have absolute control over the bitcoin network. They can launch 51% attack as per their own will considering they have deep pocket and they can invest suitably for such huge thing. That should not become a reality for the sake of bitcoin! No single entity should hold so much power on bitcoin network. That will worsen bitcoin's basic structural power - decentralization!
2357  Economy / Economics / Re: Senators push through bill with surprise crypto tax amendment on: August 03, 2021, 07:26:40 AM
I think the crypto community now needs to get ready to embrace such laws around the world where crypto incomes will have to be reported in your tax filing. Few months back, EU lawmakers also made a comment that crypto transactions must be made traceable. So I think more and more countries will take such drastic step to boost their tax income as well as to fight the illegitimate use of cryptos.

It's simple from the mindset of a ruler. No government will be happy to see a parallel monetary system that is not controlled by them. As cryptocurrency is getting more and more popular, expect more stringent legal sanctions to squeeze the juice out of it. Natural and expected.

But here the amendment has not yet been approved. So still a room for breather is available!
Yes they can but not would be fully be implied because the only thing that they could touch is only into those platforms which had been regulated by them on where users could potentially be get taxed since
they could able to trace them up due to KYC but in overall aspect then its just the small part of the picture.

They cant really get a hold for those who do make out transactions which doesnt involved into these platforms and even how hard theyve been pushing a certain bill then it would be somewhat
useless but for users in near future then KYC wouldnt really be a surprising thing.

Government is really that serious when it comes on taxing everything.

That's true! But the crypto community is getting bigger day by day! How many percentage of newcomers are buying from decentralized exchanges? Not a lot of them! Majority of the newcomers are buying from centralized exchanges where KYC is a norm! I can see TV commercials from various centralized crypto exchanges in my country. So these newcomers don't have a place to hide their crypto holdings.

Some early adopters can effectively hide their crypto holdings because of their knowledge of cryptocurrencies. They know the use of Dex, swaps, mixers etc. But that's not very common with the newcomers. That's what government is targeting now!
2358  Economy / Economics / Re: Senators push through bill with surprise crypto tax amendment on: August 02, 2021, 06:20:27 PM
I think the crypto community now needs to get ready to embrace such laws around the world where crypto incomes will have to be reported in your tax filing. Few months back, EU lawmakers also made a comment that crypto transactions must be made traceable. So I think more and more countries will take such drastic step to boost their tax income as well as to fight the illegitimate use of cryptos.

It's simple from the mindset of a ruler. No government will be happy to see a parallel monetary system that is not controlled by them. As cryptocurrency is getting more and more popular, expect more stringent legal sanctions to squeeze the juice out of it. Natural and expected.

But here the amendment has not yet been approved. So still a room for breather is available!
2359  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin solve the world's debt problem on: August 02, 2021, 05:07:23 PM
Can Bitcoin provide a way out of the world's debt problem? The current fiat world incentives debt through currency debasement and cheap debt. Too much debt can be a problem for long-term productivity and raises questions about sustainability.

Is bitcoin a possible solution to this mess? If more and more people start going from fiat to bitcoin, can we at least end up having a soft landing when shit hits the fan? Or will bitcoin exascabate the problem instead? Is there still hope for this world?

Nope! Bitcoin is not designed to create a bankingless economy. It definitely provides an alternative route to hold "store of value" and eliminates the middleman from the process. But eliminating debt from the system is not something bitcoin can do.

A debt less economy means a bankless economy as well. When there is no requirement of debt, there will be no requirement for banks as well. Then whoever holds more amount of bitcoins will become the controller of everything. That's not what we want. It will worsen the wealth distribution inequality situation and poors will become poorer. Bitcoin is not a solution to all financial problems.
2360  Bitcoin / Bitcoin Discussion / Re: Can you protect your Bitcoin from market volatility? on: August 02, 2021, 02:09:13 PM
There is actually no way to protect our bitcoins from the market volatility, in literal sense! But keeping an eye on the market ups and downs, can bring enormous opportunities that people don't always realize. When the market is actually trading at a lowest price range, people fear that the market will go down further so they don't buy. But when the market shows an upward trend, they all rush to buy in when half of the potential profit is already gone. That's the loosers mindset.

People with winner's mindset, enter at the lowest price range and book profit at the peak. Every volatility is an opportunity!
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