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2461  Bitcoin / Bitcoin Discussion / Re: My Bitcoin Questionnaire on: June 30, 2021, 03:34:40 PM

CONCLUSION:
This project made me understand that the enemies or people campaigning against Bitcoin are not the novice but the misinformed, the narcissist and people unwilling to embrace change.
This thread is therefore to gather information that will form the bases for my campaign in my second outing.
Thank you all.


Can't agree more! People are indeed misinformed. Banks and traditional Financial corporations are taking the lead to deliberately spread the misinformation. I often receive emails from my banks where they try to promote their own financial products and bitcoin always make appearances to those mailers where they advise people to stay away from bitcoin. Banks have their own agenda, no doubt! But that's how the misinformation spreads like wildfire. But unfortunately we can't do anything either because bitcoin is not yet legal in my country.
2462  Economy / Gambling discussion / Re: Where can I find a fair payout and gambling site? on: June 30, 2021, 01:33:11 PM
Good day! What kind of gambling games would you like to play? Are there any that you prefer more? For example, I can only advise you on the basis of what I am interested in. I tried playing roulette, slots, and even poker and baccarat, but most of all I liked playing the blackjack card game https://blackjackdoc.com/ . Payments are always fast and, most importantly, honest. Even recently, I have been thinking more and more about quitting my job and moving on to earn money through this game.

Lol! Leaving job and trying to make money through gambling is the worst decision anyone can take. You nee to understand that online gambling is here for entertainment and not to make you rich in whatsoever way unless you find some flaws in their system and you start exploiting that.

Also the website you are trying to promote, looks like a casino review website which mainly promotes fiat based casinos. Makes no/little sense in a crypto forum to be honest.
2463  Bitcoin / Bitcoin Discussion / Re: Will other countries adopt Bitcoin as legal tender after El Salvador's recent mo on: June 30, 2021, 12:01:27 PM
El Salvador became the first country in the world to adopt Bitcoin as legal tender. In a time where Fiat currencies are devaluing because of inflation, this is a pretty smart move. It's no secret that cryptocurrencies are becoming extremely popular in third-world countries. If this keeps up, Bitcoin may be able to destroy Fiat in its entirety.

Now, it's only a matter of time before other countries follow suit in adopting Bitcoin as legal tender. It's yet the time where a developed country hasn't adopted Bitcoin as legal tender. The United States, The United Kingdom, and other powerful countries still rely on Fiat. Imagine what will happen if they decide to abandon Fiat in favor of Bitcoin. It would decentralize the global economy.

Do you think other countries will follow El Salvador's decision of adopting Bitcoin as legal tender? If not, why? Your input will be greatly appreciated. Thanks Smiley

Looks difficult for other countries to adopt crypto the way El-Salvador adopted cryptocurrency. This country has a population of only 6 million so it is quite easy for its President to carry out such reforms. But for bigger countries, it might not be as easy as El-Salvador. But some smaller countries like Malta, Curacao or Vanuatu etc may consider the same, but bigger countries will have to go through a lot of changes for the to aopt cryptos. Remember, legalizing and adoption are not the same thing!
2464  Bitcoin / Bitcoin Discussion / Re: Gov must have power to reverse transactions, says co-chair of blockchain caucus on: June 30, 2021, 05:26:50 AM
Not everyone is smart enough to understand cryptocurrency and its technological benefits. Being a congressman, doesn't make you smart! Being a politician, doesn't make you knowledgeable enough to comment on anything. Even in my country, a politician compared bitcoin with ponzi scheme in parliament back in 2017. Stupid pople are everywhere and we must ignore them for our own benefit. This is one of such cases!
2465  Economy / Gambling discussion / Re: Terms and condition a must read before signing up any online gambling site on: June 29, 2021, 05:29:24 PM
A whole lot of persons have shared their experience lately how some online casinos tend to frustrate them during withdraws, declining their uploaded certificate s for KYC verification. In my own opinion I would suggest before clicking and accepting any terms and condition given by most of this casinos it's better one analyze what he/she is signing up and understand to what extent one can easily deposit and withdrawal from such sites

Gambling is gradually becoming an occupation mostly now where vertically everything is done digitally and many get their major source of income gambling so it wouldn't be wise if after accumulating series of progressive winnings you find it difficult to withdraw from such sites.

I'm not good at referrals so I don't get blamed if the unexpected occurs in your cause of gambling but I recommend you do thorough research before depositing your hard earned token on any casino to avoid getting your self worked up by the so called casino sites.

Lastly gamble responsibly its better to earn in cents than to loss in dollars get other source of income to complement your gambling so you don't lose out completely on your fund because gambling remains a game of probability and so responsible approach keeps you in check

Well, reading terms and conditions is the most important part while choosing a new crypto casino. I would like to identify few very important points that one must read,

1. KYC requirements
2. If joining bonus is offered then wagering requirements
3. List of banned countries

These are the most important points to read in terms and conditions. If not clear, go ahead and ask their support team or head to bitcointalk forum ANN thread to see other's experience.
2466  Bitcoin / Bitcoin Discussion / Re: Factors affecting bitcoin business on: June 28, 2021, 07:23:20 PM
Hi op,

The two factors that you have included in your thread are affecting the businesses related to bitcoin or cryptocurrencies in general. Legality is definitely a big issue because whe anything is not made legal by the government, people are usually afraid to get their hands into it. That's the case with many businesses aroud cryptos.

But there are many technical factors as well like, slow transaction processing speed, high fees are also affecting bitcoin in a big way. That's why it is mostly considered as an asset rather than a currency. For transaction, many people including me prefer altcoins.
2467  Economy / Exchanges / Re: British Financial watchdog FCA bans Binance crypto-currency exchange on: June 28, 2021, 05:29:25 PM

Just notice the last paragraph. I don't think even the international website if Binance will continue to operate in Uk.

They will continue to operate semi illegally/legally depending on how you look, they will move to some other country (on paper), they will claim they have blocked UK customers and that's all, the same trick they've tried with the US version. This is not going to end well in the long run and I wonder how much time is left for them, the IRS and the DOJ are starting to get interested in them so at one point they will have to stop all this running away and try to come clean and robbery regulations.

That's bad! Running their operations illegally in any country will land them in a big mess with the regulators and enforcement agencies. Moreover, the existing UK customers may loose their funds if they want to stick with Binance even after this directive from FCA. I see FCA has not mentioned any exit window for their existing customers. That's kind of strange and childish behavior.
2468  Economy / Exchanges / Re: British Financial watchdog FCA bans Binance crypto-currency exchange on: June 28, 2021, 10:53:35 AM
This is the lonk from the FCA website related to the ban of Binance in UK.

https://www.fca.org.uk/news/news-stories/consumer-warning-binance-markets-limited-and-binance-group

It says,

Quote
Binance Markets Limited is not permitted to undertake any regulated activity in the UK. This firm is part of a wider Group (Binance Group).

Due to the imposition of requirements by the FCA, Binance Markets Limited is not currently permitted to undertake any regulated activities without the prior written consent of the FCA.

No other entity in the Binance Group holds any form of UK authorisation, registration or licence to conduct regulated activity in the UK.

The Binance Group appear to be offering UK customers a range of products and services via a website, Binance.com.

Just notice the last paragraph. I don't think even the international website of Binance will continue to operate in Uk.
2469  Economy / Gambling / Re: Pragmatic play slots not available in my region on: June 27, 2021, 05:43:37 PM
Hi, I love slots and I play slots whenever I have a chance to but as much as I love playing slots I don't really earn much in them. Nostly the good games are not available in my region and it really sucks. Can someone explain why they don't give access to games with great payout to people from other regions? I find it quite unfair.

You are probably trying some fiat based casinos to play slot games. Because as far as I am aware, crypto based casinos do not have geographical restrictions. So you may try some crypto based casinos to have wider choice of games and entertainment.  But if you really want to make money, try sports betting. If you just want to spend some leisure time, then try slots and other similar games. These are not made for making money, rather just pure entertainment and some adrenaline rush!
2470  Bitcoin / Bitcoin Discussion / Re: China's deparure from BTC on: June 27, 2021, 12:26:48 PM
Due to China's departure from Bitcoin, Western societies can re-establish their position at the forefront of new financial markets of the 21st century. Western Nations that wish to counter China's rising economic power will find this move by China to be a positive step.

If you are expecting that China's exit from Bitcoin will make them poorer or weak, then you nees to re-think seriously. At the same time if you are thinking that adoption of bitcoin will help western countries to rise their economic power, same thinking exercise is needed.

You believe it or not, China thinks 50 years ahead. Their plan for next 50 years is ready and actively being monitored by their president's office. They also make room for surprises and contingency plans are also ready at the same time! So we are happy that China has decided to move out of bitcoin because we don't certainly want an authoritarian rule over bitcoin miners. And  that's it!
2471  Other / Off-topic / Re: India launches Antitrust probe against Google? on: June 25, 2021, 04:59:27 PM
The competition regulator on Tuesday ordered an investigation into the conduct of Google in the smart TV segment over allegations that,
The company's agreement with smart TV manufacturers restricted the development and usage of alternative version of Android.

     COMPLAINTS
The complainant filed by antitrust lawyer Kshitiz Arya and Purushottam Anand in may last year alleges that Google bars any company that acquired the licence for this Android TV platform from working with this competitors.
“If a TV manufacturer intends to use Google's operating system, you have to enter into certain agreements.
These agreements prohibit you from manufacturing any other divice, whether it is televisions or phone on any forked version of Android,” a person involved in the matter told mint in October.

it's going to bad impact Google?

That's a serious allegation! If a TV manufacturer enters into such an agreement with Google, then they simply can't expand their product offerings! How silly is that! Manufacturers are anyways paying Google to use their operating system. O such kind of prohibition doesn't make sense!

I wasn't aware about this case, but I will try to fetch more information about it now. Indian is a very important market for Google so I am sure they will try to find an amicable solution even out of court
2472  Economy / Gambling / Re: Playcoiners 🚀 Made by players for playcoiners on: June 25, 2021, 02:42:43 PM
Nice and clean design while viewing from mobile. I see you have mentioned in the FAQ that, this casino license is still pending and currently is beings process by the licensing authority of Belize. So is your company allowed to operate in the market?

Also as there is no mention of KYC in your FAQ, I presume you will only require KYC if you suspect any wrongdoings or fraud attempt.

Welcome to Bitcointalk. Wish you a pleasant stay here!
2473  Bitcoin / Bitcoin Discussion / Re: Always use ip address from El Salvador to shop online on: June 25, 2021, 05:59:32 AM
I am not sure how it will help to pump bitcoin in anyway! I have used a few VPNs, and I have never seen El-Salvador as a routing address ever. Firstly, is there a VPN available that would route you through a server located in El Salvador?

Secondly, even if companies see that more traffic is coming from this country, how it would help to pump bitcoin? Not making sense! A little more explanation would be nice!

If we all started demanding it there would be a domino effect and most VPN providers would have to have VPN servers in El Salvador, hiring more engineers there and hardware/infrastructure.

Also, worldwide business people would realize that El Salvador is trending in many ways on the internet creating ripple effects in the whole economy.
If El Salvador is seen worldwide as a biz galvanizer it will attract more money than Barak Obama giving a speech...

Sorry, I am a bit short of a better explanation but I think you get the idea. People would say, wait these people are really passionate about El Salvador... And that means money attraction and business galvanization.

That would create opportunities for El-Salvador as the local population will find employment. Probably the name will find more visibility in the business world. But a country with only 6 million population is not an enticing proposition to any business even if they are trending in the biz world. Had it been a densely populated country, the businesses would have shown interest.

Also I fail to understand how bitcoin will pump if it happens. Those domino effecta and ripple effects and other business jargons are ok but how it would help bitcoin? No way! I want it to happen but seems like an imaginary expectation. Apologies, I prefer to stay in reality!
2474  Bitcoin / Bitcoin Discussion / Re: Always use ip address from El Salvador to shop online on: June 25, 2021, 05:04:48 AM
Please always use ip address from El Salvador to shop online and surf the web.

Websites will notice that they are getting much more internet traffic from El Salvador, which means it will be trending even more and pumping bitcoin more.

Soon most trustable VPN providers will be forced to have servers in 'El Salvador'. Let's pump it.  Cool

If you don't know which country to use, choose 'El Salvador' IP address. Thank you!

If you don't use any VPN just send emails to VPN providers asking for VPN servers located in El Salvador... Live chat!


I am not sure how it will help to pump bitcoin in anyway! I have used a few VPNs, and I have never seen El-Salvador as a routing address ever. Firstly, is there a VPN available that would route you through a server located in El Salvador?

Secondly, even if companies see that more traffic is coming from this country, how it would help to pump bitcoin? Not making sense! A little more explanation would be nice!
2475  Economy / Gambling discussion / Re: Recognizing Gambling Disorders, Symptoms of Severe Gambling Addiction on: June 24, 2021, 05:22:07 PM
In the last few hours I personally do self-introspection and analyze these symptoms may be in myself, family or friends. and as a result there are some of my friends who do seem to have these symptoms ;
1. Should I shut up and watch him continue gambling.
2. Or risk the friendship to fall apart by suggesting him to go to a psychiatrist, because because in my place people who go to a psychiatrist are identical to people who have mental disorders.


Pretty solid list of symptoms you have gathered here op. Now coming back to your question, you must try to help your family or friend who are ahowing such symptoms. Definitely you will risk the friendship, but eventually you will help a life to get back on track.

If gambling is legal in your country, you must have a national helpline number to help fight gambling addiction. If not legal, then try to find some NGOs who work on such addiction. I understand the social taboo you are referring, so try to find the help which is not closer to your area. But the help must be provided.
2476  Other / Off-topic / Re: John McAfee: Anti-virus creator found dead in prison cell on: June 24, 2021, 11:17:48 AM
It's shocking! John Mcafee was one of the strongest supporters of cryptocurrencies and a self made billionaire. The way he used to live his life, I doubt he had committed suicide. It can be a planned murder as well. In number of occasions, he had challenged US government in various matters. It could very well be a revenge for such deeds.

I am sure he was an outspoken guy and used to speak non sense many times, but his support towards cryptocurrency was really strong. This incident actually shows why we need freedom and privacy. Sad!
2477  Economy / Economics / Re: Real Inflation only happens when Central Banks print High Denominated Notes? on: June 23, 2021, 06:03:44 PM
I noticed that every country that experienced high/hyper inflation, the central bank in that country has to print a very high denominated fiat note/bill.

For example in Zimbabwe I see kids carrying notes in their pockets displaying on them $10 Trillion Zimbabwe dollars. These poor starving kids are trillionaires much richer than the richest billionaires like Elon Musk and Bill Gates on the planet on a monetary unit scale.

In the US the highest denominated note bill now is $100.

So the question is as long the highest denominated bill still remains $100 then there wont be any high/hyper inflation worries in the future?

I understand if the Federal Reserve printed a $1000 bill/note then that would be concerning right?

The Fed can print trillions and still print trillions but as long the fed keeps the highest denominated note bill to $100 they they can manipulate inflation in their control correct and keep their $US Dollar still in power?

Bitcoin is a hedge against inflation but if there's no inflation or there is inflation but manipulated to look like there's no inflation then what that will mean for bitcoin?

Lol! It's other way around! Higher denominations are printed as a result of inflation. Printing higher denominations is not a reason for inflation. The examples you have given for Zimbabwe, has started printing billion dollar notes only after Hyperinflation kincks in and people were literally carrying a bucket full of money to purchase their daily groceries. So printing a hundred dollar bill or thousand dollar bill is not an indication to inflation, rather it is a direct result.
2478  Alternate cryptocurrencies / Altcoin Discussion / Re: Alipay Adoption of NFT - Is NFT a good buy ? on: June 23, 2021, 04:24:00 PM
Hello all. Pls I need your advise.

We heard the news of Alipay Chinese largest payment service allowing people to buy NFT.


Is NFT a good coin to buy and hodl now ?

Well, NFT is not a coin. It goes by the name of Non-fungible token and these are usually attached to a digital asset like images, videos, music tracks, in-game characters etc. It is a new concept and we are seeing a lot of adoption of NFTs from various segments of the crypto community.

There are couple of mobile games available which will help you to understand NFT better. First one is Upland and the other one is Cryptornedo. Try them. I don't see them hugely profitable but if you don't invest out of your pocket, things should be ok.
2479  Local / India / Re: Planning to sell btc, saving account good for it? on: June 23, 2021, 03:03:15 PM
I am planning to sell my BTC which is going to be worth 5 figures (INR).
I would sell it either on zebpay, wazirx, paxful.
Is it ok if I withdraw all my money from these exchanges directly to my Savings Bank account?.
Should I withdraw in parts or no issue even if I withdraw in one go.

5 figure transactions are quite normal so no issue is there. However,  I would strongly request you not to use zebpay, WazirX or any other Indian exchanges to cash out your bitcoins. Use Localbitcoins, paxful or Bisq as these are p2p exchanges. Localbitcoins is preferred because they are the first ever p2p crypto exchange and quite good.

For a 5 figure transaction, I would suggest to give it one shot. There is no need to do multiple transactions. Hope this helps!
Why you advice against using zebpay, wazirx etc?

It's pretty simple! These are Indian exchanges and they have a strict kyc policy. So they will ask you to complete your kyc verification before you can transact with them. Now these exchanges are bound to share their client's transaction data if any regulatory body asks them to provide.

As of now, India don't have a formal legal structure around cryptocurrencies but once India will come up with something formal or even with a blanket ban, please be assured that IT department is going to ask all data from these Indian exchanges. By law, IT department can ask old data of upto 7 years.

So not using an Indian exchange can save you from a lot of future hassles. Localbitcoins is a Finland based company and they are not bound to provide anything to Indian government. Hope this helps!
2480  Bitcoin / Mining / Re: Chinese Bitcoin Mining Company Delivers First Machines to Kazakhstan on: June 23, 2021, 12:17:00 PM
After shutting down in Sichuan, a Chinese firm has successfully shipped 300 #Bitcoin miners to Kazakhstan. Over 2,000 more are on their way.Sounds Good Grin
https://bitcoinmagazine.com/business/bit-mining-moves-to-kazakhstan

Not good! We wouldn't want Chinese miners to enter the bitcoin market again. No matter the location, the miners will be under Chinese control which is not really desirable. The market will be impacted at first but will rejoice later.

Since the Chinese have their own version of everything, even Google, they must enjoy with their own version of digital yuan. Or they can create their own version of bitcoin and can name it as shitcoin!
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