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2701  Bitcoin / Bitcoin Discussion / Re: Tenants to pay rent with bitcoin on: April 09, 2021, 05:00:11 PM
In recent times so many exciting events/news have been happening with bitcoin,  we have seen how bitcoin have gain institutional adoption with Tesla taking the lead and the installation of bitcoin ATMs for easy access to the digital global currency BTC.
The latest is a real estate firm optioning for tenants to pay rent using bitcoin.
https://www.cnbc.com/2021/04/07/rick-carusos-company-to-begin-accepting-rent-payments-in-bitcoin.html?utm_term=Autofeed&utm_medium=Social&utm_content=Crypto&utm_source=Facebook#Echobox=1617831770
This indeed are great indications of bitcoin mainstream adoption/usage.

It's an excellent idea to evade taxes, at least in my country. Ideally the tenants should get tax rebate for the rent they are paying. On the other hand, this rent amount should be added in the income of the landlord. To save from this situation, landlords don't make a legal agreement with the tenant and the tenant create fake receipts against the rent they are paying. This is a very common practice in my country.

Having bitcoin as a rent payment method will further make this process more robust so that the landlords don't have to show anything in their bank account. Especially in countries where bitcoin is not a legal tender.

Lol! Corporate adoption is growing indeed!
2702  Alternate cryptocurrencies / Altcoin Discussion / Re: People's Expensive NFTs Keep Vanishing. This Is Why on: April 09, 2021, 01:45:02 PM
That's a technical aspect which might need further investigation for sure. I am sure the NFT marketplaces will themselve do such investigation to safeguard their reputation and will come up with a solution on this in near future.

But the main question still remains - will this NFT craze sustain? For now people are dealing in the NFTs and selling anything from crap to garbages. People are even buying it. But are they worth it? Definitely each individual has their own eye for art etc. But I believe this is just a craze and will soon run dry unless celebrities back this market up!
2703  Economy / Gambling / Re: Web developer seeking for crypto-gambling website idea on: April 09, 2021, 11:45:35 AM
There are indeed so many copy websites in the market. But most of them fails or receive bad reputation because of bad management. Also it is not ideal to throw a new business into such super high competition.

Think about making some skill based games. If you are following this forum from some time, I am sure you probably have seen such discussions. There is no skill based gambling platform available in the market.

It's like playing games similar to battle royale or any other pvp games where the casino house will not decide the outcome of the game. The casino will make money out of house edge.

Think something in that line! That will be very unique!
2704  Bitcoin / Bitcoin Discussion / Re: Square, Fidelity, Coinbase start cryptocurrency lobbying group on: April 08, 2021, 05:53:15 PM
I wish lobbying didn't have to be a thing, but since it is, I'm glad we're getting some big names to help stop the regulations that are stifling crypto's development.

Hopefully, they'll fix the nonsense that any transaction is a separate taxable event that must be tracked and reported separately, even if it's only converting to another cryptocurrency.

https://seekingalpha.com/news/3679495-square-fidelity-coinbase-start-cryptocurrency-lobbying-group

That's a good and positive news! Corporates have money which they can spend on positive advertising in favor of cryptocurrency and related technologies. They will probably be able to influence some powerful politicians to speak in favor of favorable crypto regulation. Not only in the US but internationally!

There are still many countries where cryptos are not regulated. There are even some countries which are planning for a crypto ban. If they can start adding local players into their lobby, that will be positive fo4 us only! Power to them!
2705  Alternate cryptocurrencies / Altcoin Discussion / Re: NFT are making more sense on: April 08, 2021, 03:07:49 PM
Note this is not a financial advice

NFT will be far more adopted than DeFi and yes I'm positive that it will be more successful than DeFi with the ways things are going right now, I'm no more hearing hypes about DeFi projects now and attentions have been shifted to NFT, do you think NFT are the real deal because the market cap of NFT will visibly surpass DeFi I believe, what do you have to say about this? Am I wrong or right in any way?

NFT is just a craze of the time and nothing else! It will die a bitter death sooner or later. In the meantime, some companies are trying to mint money by providing a platform and some digital artists are getting a little more money than they usually make. It's as simple as that!

NFT is not going to stay till the end of 2021. So if you want to make money, jump into it now while it's hot! The NFT mania will end soon! A digital art can't be worth 69 million!
2706  Bitcoin / Bitcoin Discussion / Re: Interesting Miners Total Stopped selling Bitcoin on: April 08, 2021, 02:42:22 PM

Miners TOTAL stoped selling bitcoin: https://ibb.co/z5DQnpJ

Same with whales they moving coins away from trading platforms, and buying

I wonder why? Wink

Looking at the chart, I wouldn't say that miners are not selling but yes, the volume has dropped! Probably few miners have stopped selling in anticipation of an imminent price increase and same with the whales. That's good because it shows the positivity around bitcoin and it shows that the people are optimistic. There can be only one reason - in anticipation of another bull run! What else could be the reason!!
2707  Bitcoin / Bitcoin Discussion / Re: Two months since Tesla BTC purchase. Corporate buying less than expected? on: April 08, 2021, 12:02:09 PM
We remember that day when the news came out. BTC shot up from $38K to 44K and to 48K the day after. People expected an avalanche of big companies to buy BTC. So far it hasn't happened yet it seems. We have seen news about some companies around the world buying crypto but they were not "big" big players like Tesla. Do you think corporate buying so far was not as big as we expected when Tesla made the news?

The less number of corporates enter into this game, the better for commoners like us! It is already extremely difficult for a common person to enter into crypto market without buying from an exchange. If more and more corporates enter into this game, whatever chance we common people have now, will be lost. Then corporates will have the power to manipulate the market at their own will.

So if the corporate adoption is happening at a lower pace, it's a good news and should remain as it is!
2708  Economy / Gambling / Re: [WTS] Private Gambling Exploits EASY TO HIT -Card to BTC in the matter of mins- on: April 07, 2021, 07:22:51 PM
When someone has a goldmine and he is willing to share with others against a price, it's a scam every single time! Because when the person can mine all gold all by himself, why would he sell it against a price? This is a textbook method of scammers!

So stay away from such losers and save both of your time and money.
2709  Economy / Economics / Re: There must be more banks in the world than number of cryptocurrencies on: April 07, 2021, 02:39:37 PM
There must be more banks in the world than number of cryptocurrencies

May be possible or may not be possible! But why does it matter anyway?

Quote
More banks = More Money
More banks can also help to keep the dollar and other currencies stable, as it is because a competition exists between banks which helps to keep the dollar or any other fiat currency stable. It will also help to keep the Bitcoin and number of other cryptocurrencies stable as in near future banks will also accept bitcoin so they would want to keep the bitcoin stable to prevent from losses. Which means that if a whale who holds thousands of bitcoins sells it to dump the market for his own benefit, may fail to disturb the market. It will also provide the security to cryptocurrency. Banks are also good for economy growth and it helps the governments to pay and collect taxes. If there will be more banks, governments would want to reduce or even remove taxes from cryptocurrencies as they can earn sufficient amount through banks to run its economy.

What a joke! What made you think that more banks will make more money for the government. Commercial banks do not control the money supply. Please note that! The money supply is controlled by the central banks if each country and no one else does that! So more banks don't mean more money and has no relation with government taxes!
2710  Local / India / Re: GoSats - An Attempt to Promote Bitcoin in India (What's your views guys?) on: April 07, 2021, 06:57:35 AM
Hey!

My name is Roshan, the founder of GoSats. I came across this topic on this Forum and its really nice to see this engagement. I hope i can answer all your questions.


Hi Roshan,

Many thanks for joining here! Welcome to this forum! I am a regular customer of Swiggy and I order almost 2-3 times every week. So I am wondering how can I earn rewards from my Swiggy orders. Do I need to spend using your own payment gateway or how it works?

Also if some brand wants to associate with you, how can they approach you and what documents will be required. Is it necessary of have an app in order to approach you guys?

Will appreciate your response!
2711  Economy / Economics / Re: Janet Yellen to call for unified global corporate tax rate on: April 07, 2021, 06:41:57 AM
That's a deadly move and could prove very costly for US. The rate of taxes are different in different countries and that's why many countries choose to open their offices in developing countries like India, China or Philippines. Because where the labor is cheap, companies won't mind paying a little extra corporate taxes to the government. Now if the US government calls for a unified corporate tax rate across the world and if all countries agree to do that, that will be the end of industrialization in US. Every company then inevitably, move to the developing countries like India, China, Philippines or even South Africa because they can enjoy cheap labor (1/4th or even 1/5th of US) and same corporate tax. That will help the companies to save more money and increase their profitability. Us companies will probably have a small office in US as a registered office but the majority of their workforce will work from the developing countries. I am sure Biden will not approve of such move if he is intelligent enough.
2712  Economy / Gambling / Re: Balance Removed from CoinRoyale on: April 07, 2021, 06:00:04 AM
Hi EdenHazard,

I' m sorry about your balance getting removed in CoinRoyale. As Ash and others have mentioned, according to our TOS, the funds in the dormant accounts are subject to removal, especially if the account is more than 5 years old. In addition, the email asking for the funds doesn't match the email of the accounts, which we definitely can't do it. We have emails coming in almost every week 'claiming' he/she owned the 'accounts' and asked us to send funds out to the address he/she provided. It's a textbook tactics by scammers and our team are very aware of it.

That being said, I'm giving you the benefit of the doubt for now as you're longstanding member here and a long time customer with us (I also remember talking to you back in the days). I'll PM you and work with you personally on further verification for your account.


Wow! That's a fantastic move! Loved this gesture and courtesy even after your company has no obligation to refund the money after a long 5 years as per the terms & conditions.  That's the power of this beautiful community and straight forward communication.

Please do let us know the outcome of this matter! It's highly unlikely that casino support team would entertain a query for a 5 years old fund and where the registered email address is not being used for communication.
2713  Economy / Economics / Re: Are "Work Ethics" & "American Dream" a way to keep people working hard? on: April 06, 2021, 07:41:21 PM
Quote
- If you do not work you are not a good person.
- Since work is good, the more you do the better.
- Working is the natural order of life and what "God wants". If you do not work you are "a sinner". (see here "protestant work ethic").

Unfortunately that's how the current thought process of the society works. I am a victim of such thought process of my family. Back in 2007 - 2009, I used to have 3 websites in my local languages. At that time the market penetration of my native languages was not good I used to enjoy a huge amount of organic traffic in all 3 of my websites. I was able to monetize my traffic in a great way because the usage of ad-blocker was not very common. So I literally used to earn a good amount of money every single month sitting at my home at the same time when I was studying for the post graduation.

I had to join a job just because of my family's pressure because they could not understand the nature of the work I was doing and the job was paying 1/3rd of what I used to earn through my websites. As a result, I had to give up two of my websites and I was able to continue with only one which eventually died a slow death because I couldn't manage time after a hectic banking job schedule.

So it is a man made structure and social taboo which eventually forced me to do a job instead of getting creative. So the so called "work ethics" and "Dream of a good life" is what ruined my finances for the rest of my life. I am still doing a corporate job and living mostly on my salaries apart from my signature and trading income. All thanks to the social taboos called "work ethics" and "Dream of a good life".
2714  Bitcoin / Bitcoin Discussion / Re: You Think Bitcoin Save Your Economy on: April 06, 2021, 06:30:39 PM
With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?

Bitcoin was never created to save the economy. Rather it was created to provide the common people with financial freedom as opposed to the current centralized financial system. So it can definitely provide financial freedom to an individual who is involved into it but it can't help the entire economy to overcome its challenges. An individual can definitely earn money from trading, mining (extremely difficult for an individual) or whatever activity that person may see fit.

Bitcoin adoption has not yet reached to that height where it can benefit the economy as a whole. With the current situation with mining, it seems unlikely as well. It can provide new direction to those people who have adopted this, but not to all! Don't think bitcoin as a magic wand to solve all problems! Because it is not!
2715  Economy / Gambling discussion / Re: Curious: two options about rollbit. on: April 06, 2021, 02:53:59 PM
Well it's not a traditional trading offered by this website. What they are offering is Binary trading. Here you need to guess which way the index will go within a fixed period of time and if your prediction is correct, you will earn money. So it's not a traditional system and comes with a fixed time of expiry.

If you get better understanding of how the system works, download an app called "Olymp Trade" from the playstore or IOS store. They offer a demo account which you can use to get a hands on experience. It is gambling by nature!
2716  Bitcoin / Bitcoin Discussion / Re: Flipkart accepting Bitcoin payments?April fools day tweet 😄 on: April 05, 2021, 05:50:45 PM
It is actually good! In India, bitcoin is generally seen in a bad light. This is happening because banks have shown bitcoin in a bad light to the common people. So those who doesn't have any knowledge of it, they see it as an asset to launder money and tax evasion. (If you are doubtful, speak to some random people about it)

So when a brand like flipkart shows it in one of their tweets, that certainly increases the credentials of bitcoin among the mass (even if it is a joke). Such kind of small efforts are actually very helpful for the bitcoin community in India.
2717  Alternate cryptocurrencies / Altcoin Discussion / Re: Which NFTs are worth the investment? on: April 05, 2021, 04:10:06 PM
I know the NFT market is quite a risky one, as "not all that glitters is gold". Yet, I've seen many people making millions of dollars in an instant by selling highly-demanded NFTs. The NFT hype sparked my curiosity, as I became interested on making money buying and selling digital art, in-game items, paintings, etc. As far as I'm aware, CryptoKitties are one of the best NFT investments you could make right now since they tend to appreciate in value over time. Still, I'm eager to know which other NFTs are worth it as a long term investment.

Any help, suggestions, and/or recommendations will be greatly appreciated. Thanks in advance. Smiley

I would say - NONE! I know very few people are making millions but they have a different credibility in their real life. For an average joe like you and me, there is no value of NFT. For an example, Elom Musk is planning to sell his first tweet as NFT and that will probably go in millions. But you and I want to sell our first tweet as NFT, that wouldn't have any value at all.

NFT is just a craze right now! It will go away sooner just like it had appeared. It will surely die a bitter death than ICOs. So don't invest in any NFT, rather buy and hold Bitcoin and ETH for long term!
2718  Other / Beginners & Help / Re: Can miners switch to transactions rather than mining? on: April 05, 2021, 01:20:00 PM
I’ve read some articles about miners processing transaction once BTC is fully mined, will this happen in the current pool setup ie antpool/slush pool or do miners connect to something different

I don't think the current mining pools will be closed once all bitcoins are mined (possibly in 2140).  Because the mining structure will remain as it is. It's just the mining rewards will be different and smaller because the standard block reward will be diminished. Rather, the network difficulty will be adjusted according to this so that a whole lot of people will be able to profit from bitcoin mining (it's an assumption).

So mining pools have no reason to close itself out of operation just because all bitcoins are mined.
2719  Economy / Economics / Re: The total value of the crypto currency market is near $2 trillion on: April 05, 2021, 11:10:46 AM
Following the upward trend in the crypto currency market, the total value of the crypto currency market set a new historical record and was near $2 trillion.
According to CoinGecko and CoinMarketCap, the total market value of crypto currencies on March 31 exceeded $ 1.9 trillion. The total market reached $ 1.99 trillion earlier in the day, setting a new record in history.
After the next correction, the total value of the cryptocurrency market fell slightly to $ 1.89 trillion at the time of writing.
The crypto currency market has surpassed Saudi oil giant Aramco, the world's second most valuable company after Apple, to reach its all-time high. According to TradingView, Aramco’s Saudi is worth about $ 7 trillion, or $ 1.86 trillion at the time of writing.
After surpassing Google's market cap of $ 1.4 trillion in February, it now surpasses the world's largest companies, including Amazon and Microsoft. At this moment of writing this post, the market value of Amazon and Microsoft is $ 1.5 trillion and $ 1.7 trillion.

Source: https://cointelegraph.com/news/total-crypto-market-capitalization-posts-new-all-time-high-above-1-9t

Is it value or market cap? These two parameters are entirely different. Market cap is not the correct way to measure the strength of the crypto market. It is just a tentative indication of the financial strength of a particular asset.

But it is a good news generally  it shows the in reasee adoption and awareness about the cryptocurrencies among the mass which is greatly required. With the next halving in mind, I am sure this value or market cap will further increase and probably reach the next trillion dollar milestone pretty soon!
2720  Bitcoin / Bitcoin Discussion / Re: I am writing an article on how to stop bitcoin. Can you guy help out? on: April 05, 2021, 11:02:38 AM
This is a very impossible thing to happen but you can include a global shutdown of the internet including the satellite networks. Although it's like a myth that's impossible to happen.
But who knows if someone crazy would do that and is very powerful and has the resources to make that casualty worldwide.

Lol! That can only happen if the world moves to a nuke war on reality. Otherwise, such kind of things will only ruin the world economy with trillions of dollars worth losses. Bitcoin will definitely be impacted but more impact will happen on global businesses which depends heavily on internet and satellite infrastructure. So we can consider the possibility of this happening is zero.
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