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I think the op has misunderstood some of the concepts of bitcoin. It is not a privacy coin. Instead every transaction is open to public through blockchain and anyone can find the transaction done with bitcoin. So bitcoin has never promised privacy at the first place. If you want privacy, start using Monero.
Also if you have a problem with IRS rule, go speak to them instead of criticizing bitcoin. No country would allow their people to use a currency which is not controlled by them. So every government will try to gain as much as information possible on their citizen's crypto holding. US is no exception!
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What asset is better? Do you think at some point in the future Virtual Bitcoin will replace Physical Gold? Or will Physcial Gold eventually adapt itself to the digital era (virtualization of Gold)?
That's a very old discussion and discussed many times already. We need to understand that there should be no comparison between physical gold and bitcoin as they have different nature. So no asset will replace the other one ever! The physical gold is being used since many centuries and have become an integral part of human life. Bitcoin is comparatively new and has quickly become popular amongst the millennials and tech savvy generation. Both will stay in the market without replacing one another. I personally invest in both of them and that's how it should be! There's no need for a comparison. |
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I have been using Cred for last few months but very strangely I have not seen this advertisement in their platform yet. I should go back and check again but if Cred has really done this, then it's an excellent news. Because Cred has a huge client base and they are acquiring new users at a lightening speed. So it would definitely make some users intrigued about bitcoin and raise awareness.
Just wondering what will happen if bitcoin gets banned in India.
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Lol! I have always seen kids get frustrated whenever bitcoin's price goes down and they come up with theories that either promotes confusion or some other altcoins where they have invested heavily. This is another prime example of such frustration and just another rant. No need to take these seriously! Because none of the factors mentioned here, can kill bitcoin! The foundation of bitcoin is far more stronger than this kids can think of. Yes, if someone is looking at bitcoin as a pure and simple investment, they will be frustrated when they don't get desired result. That happens every time we experience a bull run. A lot of people start complaining about bitcoin because they didn't get profit out of it.
No need to take this seriously! Bitcoin can't be killed that easily!
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An exchange sells BTC to people. People pay full amount to an exchange. People cannot buy BTC without an exchange.
But an exchange is not the creator of BTC.
Does the exchange take BTC free of charge from the blockchain?
For insntace, in an exchange, the fee is 6.99%. When I buy BTC from the exchange using a card, I pay 106.99%.
6.99% is the profit of the exchange.
So who keep the 100%?
Who said you can't buy bitcoin from miners?? It's just that you need a deep pocket. Do you think the institutional investors buy from exchanges with commissions? Certainly no! The deep pocket investors buy bitcoin directly from the miners at a discounted price. That is only possible when you have a deep pocket! Now exchanges are business entities so they would need to charge commission to keep their operations running. Otherwise no exchange would survive. That's just business! |
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We are all aware that a major portion of bitcoin mining happens in China. But these centralization of mining operation poses a serious risk on the bitcoin network. If Chinese government decides to crack down the mining operations, that will greatly impact the bitcoin network, but only temporarily. New miners will join the network as the difficulty will greatly reduce and balance out the network.
In long run, the exit of Chinese miners will help further decentralization of the network. We will then won't have to worry about such crackdowns. China is a country where dictatorship exists. So I would take it as a net positive if Chinese miners exit the bitcoin network.
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Well! That's pretty much how illegal casinos operate in every country where gambling is illegal. And trust me, in South Asian countries like India or Bangladesh, police already knows where such casinos are being operated. They have weekly/monthly arrangements with the casino owners. There must have been a disagreement between the police force and this particular casino owner on the amount of money or something else and that's the reason why they were busted by RAB.
You will see a similar sight in a city called "Mahabaleswar" in India. In the main market area, you will see a lot of shops are operating casino boards quite openly. Do you think police doesn't know that!! Everything here is an arrangement made between police force and the business owners which is beneficial for both of them! In a country where unemployment is high, such kind of activities will never cease to stop.
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The percentage of bitcoin users is growing all the time in all countries. The monetary authority's concern about the presence of bitcoin has turned into an opportunity for trust. For example, currently more than 35 percent of bitcoin circulation in America and in the next 10 years the percentage of funds invested or converted into bitcoin will be very significant.
This phenomenon will be absorbed by the majority of countries in the world to then take strategic steps through the regulation of their monetary authorities in accommodating the existence of bitcoin. This was created because bitcoin was able to guarantee equal trust without intervention so that it was considered fairer and safer.
And in the next 20 years bitcoin will become the single standard means of transaction in the world beyond the role of the US dollar, yuan, yen, euro and others. The creation of a world financial mechanism that is more efficient, easy, safe, equal and reliable.
Sounds like a daydream to me! Probably because you are ultra bullish about the adoption of bitcoin and I am not! Especially the third point where you have mentioned that bitcoin will become that single standard means of transaction in the world. That seems impossible! Currently the world trade is dominated by USD. That is a single major currency that is used in every international trade. China is also trying to use Yuan for international trade. So I don't think any of these countries won't let bitcoin take over this space. International trades doesn't work as per our own will. It works as per the laid out norms by respective governments. None of them would want to introduce a currency system which they can't control. So yes, it sounds like a day dream to me, for a good reason! |
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Centralized exchanges have been criticized for many years, and rightfully so, as they pose security, privacy and trust threats to their users, but what is the realistic alternative to them? Decentralized solutions like Bisq still rely on traditional fiat payment systems, so it would be simply impossible to have today's trading volume on a decentralized exchange because of fees and transaction times and transaction limits of fiat payment systems. Without quick price discovery and liquidity, Bitcoin would likely be much more volatile, which would hurt its endgame - becoming a widely used currency.
It's an adoption game brother! The centralized and decentralized exchanges exist because we can really spend out cryptos to a lot of places to buy our regular stuffs. That's when the exchanges come handy where we can unlock the power of cryptos to make it useful in real world. If cryptos are accepted everywhere, then we wouldn't need exchanges. We can simply pay through our bitcoin wallets. There wouldn't be any need of exchanges in the market. So all depends on the adoption. However, exchanges will always be needed for day traders who makes money from crypto trading. |
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In fact, many now use the Martingale system instead of doing one stroke of luck, and the strange thing is that it is also liable to lose the same "chance" if it plays one betting with all the amount, and the question here is, why do gamblers prefer this system to a single roll?
That can be considered as a personal preference, ain't it? Martingale is a strategy to make money and also to help the gambling houses make money! If you are considering casino gambling as a way to make money, you would probably want to try such tricks! Also for those people who prefer some adrenaline rush during gambling, may want to elongate their gambling using such processes instead of a single bet! But anyway, it's really a personal preference of gambling at the end of the day! |
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Just noticed it today's morning heading that Bangladesh Bank will not leave any digital currency in the market to use. Though it is already banned and considered as a crime here to transfer the funds through using digital currency. But it seems the government has no plan to approve it. Bangladesh is a over populated country, here it is needed to create the job demands for its people. But as a developing country, corruption is the main problem here which is one of the main problem for using Cryptocurrency. In Bangladesh, 40% transaction is done regularly by using electronic money method. So there has a demand of using electronic system and people are enjoying it. But there has no plan of implementation of digital currency here. News link- https://bit.ly/3sE5empCorruption and unemployment is a problem of every developing nation. But these don't have a relationship with the approval of cryptocurrency in that nation. What matters the most is the progressive mindset of the leaders. If a country doesn't have a progressive leader, they are bound to fail. That's what is happening in Bangladesh as well as in India. The leaders are simply unable to understand the power of digitization here also unable to harness the positive influence from cryptos. So they are considering it as an evil. The banking lobby is obviously playing their own game but ineffective leadership is the major factor why Bangladesh is not legalizing the cryptocurrency in their country. |
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Hello friends, I'm shocked  about the number of crypto casinos using the same gaming license from Curacao! Please take a look at this post: https://game-protect.com/curacao-license-scam/They are scam or not? Can we play safe and withdrawal our winnings or not? What do you think about? Thank you. Have a nice day! Not necessarily every casino is scam. There are many reputable crypto casinos operating in the market who are Curacao licensed. So holding a Curacao license doesn't make them a scam casino operator. Curacao is mainly a heaven for casino licensing. It is easier to get a Curacao license than to operate from anywhere else. That's why we are seeing so many casinos are under Curacao license. It's just business and a method to keep the overhead cost lower! |
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WHO IS MORE POWERFUL  ? 1. The Clubs 2. The Players 3. The Fans.. Not sure where this discussion is going towards and also don't understand what this discussion will bring up! I mean the bottom line of this discussion is not clear! In a sports ecosystem, all 3 parties are mandatory. Just like the stock market where only buyers can't survive without sellers and vice versa. Similar in the sports industry, the club, footballers and the fans create an ecosystem for the sports business which is a multi billion dollar industry. If one moves out, the ecosystem will collapse! |
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Feel free to add your thoughts and comments.
My answer is yes, to some certain extent! Elon inflated the market in 2 specific occasions as we all know! The first incident is when his company bought billions worth of bitcoins and the 2nd incident is when he pushed for dogecoin. If you see the price of both of these coins, you will understand the difference. The bitcoin market has find a stable support at 52k and the dogecoin has increased by 700% in last few days. So there's no wonder that Elon pushed for these coins and the market reacted as expected pushing the prices to the next level. Some people like me are still trying to recover thousands of dogecoins that we had back in time. |
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I couldn't find any real reviews about this dice site hopefully my review will help !
I got brave with Live support MIA I went ahead and made a deposited. approx 200 dogecoin value at that time about $80usd.
My deposit arrived and was added instantly to my balance as expected. I had some questions but live support was still non existent and this started to worry me but i played on and with a auto strat i left running over night i turned the 200 into over 2000 doge. So i made a 1000 doge withdraw value about $400 . support was still MIA but the withdraw was sent! It did take 48 hours but im relieved its legit and not a scam site.
I also then took the remainder of my balance up to 3000 doge with the same strat . I'm from usa and didn't use any vpn i think this is important at this site. If anyone plans on using the site.
Here is a non affiliate link to this dice site sicodice.com i do have a affiliate link i just dont want to dilute my review.
I am not sure why did you say that there is no review available for Sicodice. Here are few for your reference, https://www.trustpilot.com/review/sicodice.comhttps://www.beermoneyforum.com/threads/sicodice-com-reviews-scam-or-legit.44101/There is a past discussion I have found in this forum, https://bitcointalk.org/index.php?topic=4786889.0Hope this helps! |
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Hi guys,
I was talking with a buyer of postal history via email.
He request to pay with paypal and I have refused, sending the following short message:
*(translated) I don't have Paypal. I accept payment with crypto (bitcoin / ethereum / litecoin etc).
Guess What? The email has been rejected by GMAIL!
"Message blocked because it contains content identified as spam."
have you ever seen something like this?
I haven't encountered such problems in recent times. Rather I get regular emails from various crypto exchanges in my gmail address which usually contains the name of crypto quite certainly. These emails are getting delivered to the "promotions" section of my gmail account. Nothing gets blocked for sure because didn't see a drastic reduction of such emails. That's something new! I am not sure if Google is doing this due to some country specific legislation. |
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The china central bank has given unprecedented stamp approval to bitcoin and other stable coins, as investment alternatives.
As Bitcoin tries to recover from last weekend’s price crash, which brought bitcoin down to $52k from its all-time high of $64k making a $7,000 loss within a few minutes.
This news will further strengthen the bitcoin market to recover fast.
That's quite an U-turn I would say! China was the first country to Ban ICOs and we thought that China would further crack down on bitcoin mining operations across their country. However, if they have given a legal seal to the cryptocurrency investment, that's quite a changenin stance! Possibly Chinese government is thinking about the future on how the world economy will revolve around the digital currencies and cryptocurrencies and hence taking corrective actions to stay at the top of the game! But beware about the Chinese intrusion in bitcoin market, they don't have good reputation! |
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Lol! It is a pure and simple ponzi scam disguised as a cloud mining company! The ponzi scammers are still trying to stay afloat with their dirty tricks to make money.
Has anyone looked at the price of their mining plans? Just by looking at it anyone would confirm that they are scam! Check the price of the similar mining packages in Genesis-mining and you will understand the game!
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I absolutely cannot imagine UEFA putting up with that. This would make competitions like the Euro League and the Champions League obsolete in one fell swoop.
I also find the composition of the Super League very "interesting", e.g. with Bayern and Paris SG 2 absolute top clubs in Europe are missing, instead teams would play here that would not even have realistic chances of winning a title in their national leagues - let alone in a Euro or Champions League.
In my opinion, the project is doomed to failure and will certainly not take place.
Another puritan view! ESL is just a repackaged and re-branded version of European club football games. The concept is very similar to what has been done in cricket as T20 or the famous IPL game. Now the time has come to football to make it more exciting. Due to the covid situation, the stadium games are in the brink of collapse. The incomes from various endorsements are drying out. So the ESL is simply a survival strategy where people will be more interested and the money will start rolling. Be adaptable to changes brother! |
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NFT is a joke, at least according to me! It will die out very soon. If just in case it stays afloat for a while, it will become a very niche market. Just like Bugatti or Rolls Royce in the car market. Very specific targetted people will join that market but it won't ever become a popular choice of the mass! Probably some celebrities will make millions out of this but it will never help an unknown creator to make money out of this.
It's just a craze and surely will run dry in some months!
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