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2461  Alternate cryptocurrencies / Altcoin Discussion / Re: Indian Govt. Lifts ban on Cryptocurrency on: December 14, 2020, 03:55:42 PM
Last week, India took another step towards legalizing bitcoin. India's two largest banks: Yes Bank and ICICI Bank have started allowing customers to use Bank accounts on cryptocurrency trading platforms. https://www.buyucoin.com/crypto-labs/indian-banks-rush-join-bitcoin-party/ - "Cryptocurrency users in India will be able to visit physical bank branches for crypto banking services and learn about cryptocurrency investments".

Interesting
I guess the banks there directly offer the crypto services, or they collaborate with crypto trading exchanges/platforms to offer the services?
 Well, the policy makers probably decided its better to allow the crypto traders in the country/local banks than lose them to those outside of the country and far from the reach of the authority
2462  Economy / Gambling discussion / Re: Clubs to avoid per league in betting on: December 14, 2020, 03:12:44 PM
this is almost accurate.
I don't understand why "big" teams always in trouble when playing against a small team.
I always think it caused by:
1. the bigger team got under pressure because they think 3 points is a must when facing a smaller team.
2. the smaller team has a high motivation to prove themself. played fluidly because they are nothing to lose since they are the underdog.
3. match-fixing  Angry



manchester united will play well after they defeated. so if they play well in the premier league, they will play badly in another competition, and vice versa.
mark my words  Grin

I used to notice that in matches involving big clubs.
Maybe because the small team is considered underdog/weak... and the big team underrates them hence fail to prepare well for the match, while the small team prepares harder and is very determined to defeat/draw with the better team.
Or maybe the big team does not just understand the small team very much because they are not well known or popular?
2463  Other / Off-topic / Re: Betting on Horse Racing, Ethical or no ? on: December 14, 2020, 01:44:00 PM
To be honest, I kind of like horse racing abit and probably would bet on them if the horses are well taken care of and not treated badly in anyway.
I think before horse racing can be allowed, certain horse-friendly and safety standard must be met. Using animals for similar competitions must be highly regulated. If regulation is strong, only the qualified will be allowed to organize or take part in such competition... and the competition probably won't be that common unless necessary.

Why I do not have much problem with the sports is because that's the kind of things horses are used for and the sports will help train and exercise them, I think.
2464  Other / Off-topic / Re: Is this Love or not ? on: December 11, 2020, 04:39:33 PM
Didn't see much on this from established news sites. I needed to be sure it really happened before posting my view on it.
Well, I know of men with similar height who married girls like that. I do not see anything wrong in such marriage if they really do it for genuine love for each others good values rather than just for money or outward beauty
2465  Economy / Economics / Re: Valid Business Model? on: December 11, 2020, 04:03:45 PM
This is typical agency jobs. Such models will likely increase cost for customers but can be really beneficial if the company is specialized in the business to serve and make things more convenient/easy/safe for customers.

Pro: convenience/ease of having the agency companies meet customer's specific needs and such companies would normally help customers meet important requirements (esp in legal areas) to have secure deal.
Con would be paying agency fee and getting poor services

Any time you have a company increasing costs for the end consumer, that just creates an opportunity for someone to come in and underbid you.  These middlemen aren't necessary in the example provided, so if all they're doing is facilitating as between two groups as a service, that presents a market opportunity for one of their vendors to move up the chain and offer those services without the cost of the middlemen.  Jeff Bezos is famous for saying: "your profit margin is my opportunity," meaning if you're making a profit off something, Amazon is willing to make less profit doing the same thing in order to steal market share.  Middlemen are the very definition of trimmable fat.

 






Well, Middlemen do increase cost for customers, (assuming you are arguing against that), atleast in small towns, esp places I'm familiar with.    In places I know, a Middleman in real estate business (for example) would charge agency fee after getting a customer to buy/rent a property. There are customers who avoid the middlemen fee by going directly to the home-owner to pay for the property/house... This reduces the overall transaction cost for owning the property for the customer.

Quote
that presents a market opportunity for one of their vendors to move up the chain and offer those services without the cost of the middlemen.
I guess by generating income through other ways (probably ways the customers may not find desirable)



By the way, I think some creative companies would compete against Jeff bezos in thesame area of business without lowering cost, by offering unique services ( services that are good and very valuable to people.) that Amazon does not offer. You can justly break monopoly in this manner if what you are offering is really worth it and cost more to provide.
2466  Other / Off-topic / Re: What is your bad habit in everyday? on: December 11, 2020, 02:30:52 PM
Every man has some bad habbits. I find my a few. Everytkme when i get some free time i used to browse internet, facebook. I should not do that but i can't control myself. I want to leave this habbit.

I had similar problem with social media and video sharing sites in the past until I decided to only spend time on them doing mostly productive things. Productive things = Things that are good and beneficial to other people and me. 

Hope that works for you
2467  Bitcoin / Bitcoin Discussion / Re: I quit smoking and buy Bitcoin every week on: December 11, 2020, 10:48:36 AM
Congrats.
I believe it's better to channel those little money we spend on things that maybe unnecessary/unhealthy/bad for us on accumulating satoshis. I don't do this currently because there is no easy/safe way to do it yet. Moreover I hardly buy things online with fiat otherwise I probably would've looked for safe applications to automatically save the little fiat money  (or to help me remember saving my money) whenever I try to buy unhealthy/bad things... the saved money could then be automated to buy me bitcoin occasionally like you do.
Better to buy some bitcoin occasionally than cigar, unhealthy foods/drinks, gambling (taking big risk), harmful drugs/substances, unnecessary gadgets/things, etc
2468  Economy / Economics / Re: The volatility in the price of a bitcoin is falling over time on: December 11, 2020, 09:47:40 AM
Ofcourse!

I think if demand/supply starts stabilizing, the extreme volatility would be reducing and much more moderate, but should have alittle bit balanced waves that occasionally move upward than downward for the sake of its deflationary feature... that should keep things moderately deflationary.    I prefer though to have the price somewhat regulated in a way that prevents those extreme volatility from happening often.

I don't think it would be inflationary like fiat long-term if it remains scarce or continue  to reduce in supply.
2469  Economy / Gambling discussion / Re: Will Bookmakers Suspend/Restrict My Account if I Profit in the Long Term? on: December 11, 2020, 09:09:56 AM
A lot of places will just kick you out.

To understand think about how they make money.

Most make money by doing risk management and not hedging all bets. This means that if you are annoying and profitable, or profitable in markets they have trouble hedging then they might just kick you.

BUT
There are plenty of places that wont, like decentral betting apps, fairlay, asianodds ect


I suspect if betting sites/centers structured their bets properly or allocate their prize money well, they won't have any reason to kick profitable bettors out. If they for example cap the minimum amount that can be won  daily, profitable bettors will know the limits they can win and won't complain when they reach the limit
2470  Economy / Gambling discussion / Re: KRACH´S PARLAYS - GET RICH WITH PARLAY BETS ACCA MULTI BET BOOM 10000% WIN!!!! on: December 11, 2020, 08:43:57 AM
.
But, what misleading people on here is your title, saying 10,000% win, obviously it's like a joke since you can't be sure you can always win in each parlay you have picked.

He probably did that to get people to read his post. I think there are some people who will think it's easy win , others will understand his intention (it's prize money to be won).
Better to make things like that clear enough.
2471  Bitcoin / Bitcoin Discussion / Re: What the CCP Doensn't Want You to Know About Crypto. on: December 10, 2020, 04:21:25 PM

P.S. Support Bitcointalk. It is truly a free place. Lotta trolls, but also a ton of GOOD info.
Satoshi was NOT a communistThat guy was pure patriot.


Let me know what you think!


Are there people who consider him a communist? His project tells alot about him. He is probably one of the few people I would trust alittle with my assets and rights in the tech and online world. Very transparent, fair, has fair understanding of getting people safely experience their fundamental rights without centralized/controlling powers easily abusing them. I wonder if communists believe in that kind of freedom. Don’t know much about communist though.
2472  Other / Off-topic / Re: I'm heartbroken tonight with the loss of my dearest dog on: December 10, 2020, 03:22:30 PM
I remember you posted about your other lost dogs months ago, I wonder what is happening to them?
 I'm really sorry for the loss.
2473  Other / Off-topic / Merit-based Governance or Consensus Mechanism on: December 10, 2020, 03:00:26 PM
I believe I have written a couple of posts concerning this matter, these two below (esp the number 2) should be part of them:
I will probably find others of my posts with related topic and update them here in the future then bump this thread.


1. ✔ A more proper way to vote in decentralized communities
https://bitcointalk.org/index.php?topic=5224322.msg53800187#msg5380018

2. Bettter Consensus Mechanism 2
(thread in the link below was in response to someone who complained that there aren't enough people participating in Governance or Consensus)  Link 👇
https://bitcointalk.org/index.php?topic=5264033.msg54853859#msg54853859

3.  ....



I strongly believe in merit/reputation based governance and consensus mechanism for decentralized crypto networks. Many "decentralized networks" are placing more emphasis on money-based consensus/governance and less on merit/reputation. They make it hard for average network participants who can't afford huge amount of money to be part of network consensus/governance. This makes the requirements for participating in consensus/governance difficult for most network participants while keeping full network consensus/governance in the hands of few

2474  Alternate cryptocurrencies / Altcoin Discussion / Re: Minting Of New Tokens....Does it Benefit the Project Investors ??? on: December 10, 2020, 10:17:41 AM
Well, the problem is why it's important that all/most participants of Decentralized Crypto Network/Project are part of consensus to determine the best path for their project. But lots crypto projects(esp recent ones) don't seem to like the idea. They are not really decentralized projects if small part of network participants (probably people they know privately) are deciding how projects should be ran. Such crypto can be described as pseudo-decentralized... you should be careful with them.
Every network member should be able to run full node and take part in network consensus/governance.  Decision like that (printing more without network consensus or without the consent of the whole network) would become breaking of network rules or illegal/immoral.
2475  Economy / Economics / Re: Currencies worth less than Satoshi on: December 10, 2020, 09:36:39 AM
I surprise. fortunately there is no country currency whose value = satoshis, at least they are 1 or 2X more expensive. It is logical, because 1 bitcoin is equal to 19,000 $, $ is the dollar with the most expensive price, especially when compared to other countries' currencies. so if bitcoin is currently used as a world currency, many countries will disagree


Interesting.
I think every country can still have its own token and stablecoin, and prioritize on them.... then allow their citizens to use Bitcoin if they choose to.
This model would work well on Multi-Blockchain Network that allows Nation/private Blockchains to detach from the whole Network if they need to.
The whole Network can have main native coin (Bitcoin)
2476  Economy / Gambling discussion / Re: Do the odds of other outcomes matter to you? on: December 10, 2020, 08:59:51 AM
Prefer to bet on the teams or players of whom I know and have done some research about their chances of winning as against their opponent and accordingly only do place the bets. For other events odds may be high but if without knowing anything just placing the bets on such things is like blindly guessing it without having any clue which I avoid it. Only if for other higher odds I am sure about the team winning chances and can place bet on just 1 of the games then I would choose with higher odds.


I would do thesame thing (research the teams) if I consider that my method of determining the odds could be better than what others have determined for us. I guess that's part of the reason many don't bother doing the research themselves... they blindly guess.
2477  Economy / Service Discussion / Re: Primedice = Prison for your money on: December 10, 2020, 08:34:50 AM
Interesting. If this is true(esp about the option to wager the trapped fund) then it's possible you deposited amount of money (probably big amount) that requires kyc before withdrawal.  This is why it's important to get an idea what  sites policy are before depositing big amounts of money on sites. You took big risk by not reading and understanding atleast the important part of their Terms of Service.
So, I'd advice you complete the ID verification or try seeing if the site can be merciful in some ways that's right/moral
2478  Economy / Gambling discussion / Re: KRACH´S PARLAYS - GET RICH WITH PARLAY BETS ACCA MULTI BET BOOM 10000% WIN!!!! on: December 10, 2020, 08:16:10 AM
Lol, your "get rich" and prize money headline wasn't what  attracted me, just thought it was a new topic I probably haven't commented on before.
Hope you do your selections based deep knowledge about the teams past/current performance and fitness. There would be factors to consider like weathers,, foods, and other things that could affect the players.
2479  Economy / Economics / Re: Valid Business Model? on: December 09, 2020, 03:53:07 PM
This is typical agency jobs. Such models will likely increase cost for customers but can be really beneficial if the company is specialized in the business to serve and make things more convenient/easy/safe for customers.

Pro: convenience/ease of having the agency companies meet customer's specific needs and such companies would normally help customers meet important requirements (esp in legal areas) to have secure deal.
Con would be paying agency fee and getting poor services
2480  Economy / Economics / Re: Why bank need cheap loan as low as 0% to make profit?? on: December 09, 2020, 03:04:18 PM
Is interest rate to small banks really that low? I guess the Central Bank does that so that small banks will charge low interest rate to small businesses with long-term repayment?
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