CBDCs are the future of the traditional financial system. There's no going back no matter whatever others think. Because with CBDC, governments will get bird's eye view on the finances of their citizens. They will be able to catch black money hoarders and tax evaders quite easily. So no government will leave this great chance of spying! But whatever Afroblocks is saying, is related to the usability and possible integration of CBDC with cryptos. So I don't think there will be any action even after the warning from the crypto community of Ghana. |
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Hello,
I am looking for people that are betting using Satellite Feeds and basically bet before the bookie counts the goal. I can bet for you in Local bookmakers that only need 5 seconds to place bet.
We can discuss via Telegram: EMWIN2021
Greetings
I think you must change the name of the thread from satellite betting to cheat betting. That's more appropriate! Also the method you have mentioned here is not at all easy to execute. Otherwise all wealthy gamblers would have used this method. Since you are using local bookmakers, I am wondering how they are allowing you to place bets with them when you are always winning. I don't think any bitcointalk member provide satellite feed service here but who knows, you can get lucky as well! |
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It is popular opinion sometimes that a trading strategy might no longer be effective if one begins to loose money while trading instead of gaining.
An important question i ask myself whenever i hear about people complaining or simply discussing a series of consecutive looses they have made while trading using a certain strategy is;
HOW MANY CONSECUTIVE LOOSES IN TRADING CAN YOU HANDLE BEFORE YOU ACCEPT THAT YOUR CURRENT TRADING STRATEGY IS BECOMING LESS EFFECTIVE?
Well that depends on an individual. For me, it is not based on the numbers of trade but it is based on the amount of money I've lost from trades. If any particular day I see more 20% loss from my capital trading amount I stop my trading activities for that day. So there is no straight forward answer. Also, in crypto trading it is very difficult to follow a certain strategy as the market is super dynamic. So it is wise to take decisions as per the market dynamics rather than depending on a particular strategy. The only strategy is to safeguard the capital in case anything goes wrong. |
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Global population growth is about 1% every year.
A fixed total supply means the currency is deflationary, after accounting for population growth and lost coins. Could this system potentially over-incentivise saving?
Would it be better to have a fixed supply increase of 1% every year instead? Under this system, it would be only mildly deflationary due to lost coins. This means that in the long term, $1 today would still be worth more slightly more than $1 in the future (a "reward" for delaying gratification and still satisfying positive time preference). I know 1% pa is probably not much in the scheme of things, but wouldn't this be a more neutral choice which doesn't over-incentive saving nor over-incentivise investment?
It's quite an interesting discussion, I must say! 1% increase in fixed supply every year may not sound huge but it will bring the inflation game into bitcoin! It wouldn't hurt the price growth of bitcoin because it entirely depends on the granular level adoption that creates demand which in turn drives the price growth. For me, it's a good idea. Instead of having a fixed cap, it makes sense to increase the cap by 1% each year. But the current halving pattern must stay as it is to compensate the inflationary nature of fixed percentage increase. It's interesting to see what others are thinking about this proposal. |
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Right now in some of the countries Bitcoin is been banned or restricted, when I think of it I do not blame the government why Bitcoin or cryptocurrencies is been restricted because they do not know the value or importance of Bitcoin. Some government officials have never done any transactions, I mean to buy or invest to Bitcoin or to use Bitcoin as a means to acquire goods and services. It is only government to blame for banning bitcoin and other cryptos. Because it all depends on the mindset of the leadership. If you see examples of progressive countries like US or Japan, they are the first ones to adopt the usage of cryptos. Now take an example of regressive leadership like India or Bangladesh, they are seeing it as a threat! So it all depends on the mindset of the leadership on how they want to provide financial freedom to their citizens. It doesn't depend on whether the officials have used it or not! It doesn't have any impact on the policy decisions! |
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Fron majority the comments it seems that people don't think crypto gambling will be majorly impacted by this move of Twich and that makes sense! I tried to search crypto gambling streams there and hardly I can find a handful. 99% of the gambling videos are related to fiat casinos. So I belive fiat casinos will see a major impact due to such decisions made by the management of twich. Also the streamers will be discouraged to make gambling related content because they won't be able to earn referral income. So it's a major blow for them. I am happy that crypto gambling never made big appearance in Twich.
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Doesn't the current market strategy prove that bitcoin does not care about these influences?
The fall of the market was only due to the unpleasant condition of the miners. and the market has become smoother again as miners are relocating their firms?
We are nearly there but yes, we are not yet immune from such influences. People like Elon Musk definitely has a great influence on the crypto market because he is also a supporter of crypto. He talks about this technology quite often and I have seen both praises and criticisms. So we are not immune yet, unfortunately! Chinese Miners were another issue! Ideally if miners go out of mining, the price should increase because the supply is decreasing. That didn't happen recently. So we should not count Chinese miners for this recent drop in the market. At least it is not the only reason but may have cumulative effect. |
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In a recent interview with CNBC, Gene Simmons stated that he has entered Bitcoin with all his assets. Rockstar is convinced that Bitcoin will be traded at a price of $ 60,000 by the beginning of next year: "So, I’m all in, I’m putting all in. When there was a big dip and it went down…I’ve put in more." As reported by U.Today, the musician, who has become a businessman, revealed that he had a seven-digit bitcoin fortune in February. Simmons entered the world of cryptocurrencies at the beginning of the epidemic because of his relationship with Tyler Winklevoss. He quickly became a fan of cryptocurrencies, which even led some to accuse Simmons of receiving wages with some cryptocurrencies. Apart from Bitcoin, the KISS star also owns Ethereum, Cardano, Polkadot, and UniSwap. Simmons likes the fact that cryptocurrencies leave digital fingerprints, which he says make it easier to tax than gold. He added that his fans could now use the cryptocurrencies to purchase his artwork, which will be available later this year. Source: https://u.today/rock-legend-gene-simmons-says-hes-all-in-on-bitcoinDon't be dumb like Simmons! He may be a great bass guitarist but definitely not an investment advisor. So don't listen to him and follow the traditional way of investment - diversify your portfolio! There's nothing to stop you from investing in bitcoin and gold and stock simultaneously. So never go all in with a single asset. It's a good practice to always diversify your investment portfolio. Have every possible assets in the portfolio. If you are bullish about bitcoin, give higher percentage to it. But never ever go all in. That might be the dumbest idea you will see! |
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Excellent! Thank you for all your efforts in creating this list. I am surprised to see the list of physically backed ETFs but unfortunately none of them are approved till date which is a matter of concern. Because only these type of ETFs have the power to drive the bitcoin market to another level. Derivatives bases ETFs makes little sense because it won't drive any demand in the market.
Does SEC have any issues with physically backed ETFs? Even in 2020, they had rejected quite a few physically backed ETFs.
Please keep this list up to date as and when information pours in.
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The latest creator update from Twitch says, "To prevent harm and scams created by questionable gambling services that sponsor content on Twitch, we will prohibit sharing links and/or referral codes to sites that offer slots, roulette, or dice games,” Now streamers have time till 17th August to remove any such contents from their videos. News ref: https://dotesports.com/streaming/news/twitch-introduces-restrictions-on-gambling-related-linksDo you foresee any Impact on crypto gambling? |
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I have been wondering lately why people who gamble are often seen as irresponsible people and are sometimes arrested, a few weeks ago in my neighborhood so many young men were arrested in a gambling house for no reason and the police keep raiding casino houses But to my surprise gambling or playing bet is not an illegal activity in my country.
could it be that the police are just abusing gambler on their fundamental right or there is something am not aware of?
If gambling is a legal act in your country, then in no way the Police can detain those people if they have not done something illegal. It is very much possible that some underage people were gambling as well in that gambling house which prompted a police raid. Or simply the police needed money so they have taken up some random people. Quite possible! I have seen such acts from police in my country. But gambling is indeed seen as a sin in many countries. This is because of religious as well as social reasons. It's a taboo that is ongoing since ages and not easy to break out. |
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Despite many supporters claiming that no government has control over the Bitcoin network or price (and that even if they do have control, they wouldn't hurt it due to innnovation), this seems to be proven untrue time and time again. For example, over the years, everyone labelled China threats as FUD and that they would never completely ban Bitcoin. Earlier this year China banned BTC mining, and over half of the entire network shut offline in the following weeks.
China banned bitcoin mining. They did not take control over bitcoin network. If they start mining bitcoin with billions of dollars of investment and launch a 51% attack, that would be an attempt to control. Banning is just moving their fat-ass out of bitcoin which is genuinely great for bitcoin. So decentralization of bitcoin is not compromised here. You need to understand that fact! Bitcoin is more decentralized than we can think off. China's ban has nothing to do with its decentralization. Rather bitcoin is still surviving because it is decentralized even after China's ban. |
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Wow! Now that justifies why we have started seeing television commercials of CoinDCX. But that's good because the current government is very skeptical about cryptocurrencies and its related businesses. But if they see that crypto has created a robust ecosystem in India and also generating jobs and tax revenues, they might change their mind. Who knows! So it's a great news for the crypto community in India. I hope few more companies from this field joins the billionaires club to make the lobby stronger!
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Seeing that in various news today! Also I believe the hacker has said that he just tried to hack the polynetwork to make its weaknesses visible with no intention to steal money. Not sure about this claim though. But yes, if the hacker returns all the money that will be really great. These assets belong to millions of commoners like your and I.
On the other hand, the hacker has done some mistake in sending the funds to binance accounts and other centralized wallets. So most probably he is under extreme pressure and fearing his arrest soon. Let's wait to see how the story unfolds.
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It seems this match has created quite a news in the betting market. Because it's just been few hours after the announcement and the internet is literally flooded with comments and opinions.
For me, Anderson Silva is far ahead of Tito. The matter if fact that both are ex UFC fighter, but Tito last fought his UFC match back in 2012 while Anderson fought his last UFC match in 2020. Also Tito has set foot in politics after his UFC career ended. I don't think Anderson would have any issue in winning here. But there are many think that goes in the background that we commoners don't know.
In a day or two, the gambling odds will start to come out so we will be able to see what the bookies are thinking. But in sports, we must expect the unexpected!
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I only consider the risk of policy and law are the real risks of using bitcoin for a common people like us! The other risks are not really risks per say. It's just that the crypto ecosystem is still at a nascent stage. So we probably will see more robust framework to encounter such risks and eventually mitigate them.
But the government policy or law is the real challenge where we don't have any real control. We are simply at a mercy of the politicians and beaurocrats. Other risks are manageable while the first two are not!
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I don't see a problem in picking up gold though. You need to understand one things first. Gold is not an investment! It is being used since ages for capital protection. Gold has other uses as well but let's just talk about its main use and that is capital protection. Also gold is extremely liquid which you can sell it at any point of time if you are in need of money. So there no way traditional people will choose bitcoin over gold. Because they prefer peace of mind.
In the other hand, bitcoin is for the aggressive investors who are willing to take risk in the market and also have a good amount of time in hand. That's why mostly millenials use bitcoin for investment. They can take risk and have longer period for investment.
So you see, not all investments are made for profit only! There are different goals for different types of investment. Let's just stop comparing cryptos with gold. It doesn't make sense!
But in terms of liquidation speed, availability, divisibility and mobility gold has zero chance to compete with Bitcoin. If you hold physical gold in your basement, you are by far inferiorly situated in terms of the aforementioned characteristics compared to holding Bitcoin. Now you could argue that nobody holds physical gold, but that is where the analogy of not your keys not your Bitcoin comes into play, and that would be not your physical gold not your gold. There is no comparison itself. That's what I am trying to say here! Usage of Gold - capital protection, making ornaments etc. Usage of bitcoin - Currency, Investment Where are finding similarities? Bitcoin has given us excellent returns over the last few years. I am one of those people who were benefitted from bitcoin. But bitcoin and gold are not same! They shouldn't be compared at the first place! |
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I don't see a problem in picking up gold though. You need to understand one things first. Gold is not an investment! It is being used since ages for capital protection. Gold has other uses as well but let's just talk about its main use and that is capital protection. Also gold is extremely liquid which you can sell it at any point of time if you are in need of money. So there no way traditional people will choose bitcoin over gold. Because they prefer peace of mind.
In the other hand, bitcoin is for the aggressive investors who are willing to take risk in the market and also have a good amount of time in hand. That's why mostly millenials use bitcoin for investment. They can take risk and have longer period for investment.
So you see, not all investments are made for profit only! There are different goals for different types of investment. Let's just stop comparing cryptos with gold. It doesn't make sense!
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Suddenly chatting with a friend today. How do blind people use mobile payment? We don’t know the daily life of blind people. Blind people pay with paper money, but will digital currencies replace paper money in the future? (However, there is no certain mark on the U.S. bills, and the blind cannot touch the face value of the legal currency) I don't think government controlled digital currency will completely eradicate fiat money. At least not now! Also for the usability of blind people, features like Siri or Alexa will come handy where people can use payment system using their voice. There are also some elderly and children who do not have mobile phones. Children can take care of them and learn cryptocurrency with their families. However, many elderly people have no children and lack the ability to accept new things. With the popularity of Bitcoin, will they continue to use paper money in the future? As I have said earlier, I don't see fiat money disappearing anytime soon. Digital currencies will be rolled out to people who are interested in using it. So digital currency can coexist with fiat.. |
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Fezbet is not a pure crypto bookmaker but you can also use cryptos for deposit. I send a withdrawal request via ethereum and they paid me out with fake ethereum with zero worth! So they scammed me with around 500€. Even the scam is proofed through transaction hash, fezbet refuse to pay me out.
I wonder why people don't check reviews before jumping into a casino with hard earned money! Today even if we buy a mobile phone, we check its review from the internet. So not checking the review from the internet is probably the dumbest mistake anyone can ever make. I just checked trust pilot and see that 73% of their reviews are negative. Only if you had spent 2 mins in Google, you would have never used their platform! Costly mistake! |
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