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2721  Economy / Economics / Re: Are banks needed for crypto? on: October 04, 2021, 06:50:55 AM
Peer-to-peer lending is a thing in the crypto industry.Some p2p lending platforms disappeared,like BTCJam.
You just send 120% worth of altcoins,that have a relatively stable price as a collateral and you get 100% worth of BTC as a loan.There's a lending category on this forum.
Big crypto companies like Nexo are offering such services and promising a pretty good 12% interest rate,AFAIK.I have never used their services and I don't recommend anyone to borrow a crypto loan,unless he knows what he's doing.
Crypto lending seems pointless to me,because of the volatile prices of almost all cryptocurrencies.

2722  Economy / Gambling / Re: 🤜 GamblingBro.com 🤛 Honest crypto casino reviews ✅ Tested with real deposits ✅ on: October 04, 2021, 06:31:11 AM
Now this is how you do proper crypto casino reviews.
I got tired of all the crypto gambling review websites,doing half-assed reviews just for the sake of promoting affiliate links of those crypto casinos and getting commissions.
I had an awful experience with Rocketpot three years ago and I see that they have improved a little bit.
When it comes to TrustDice,almost all online businesses are promising extremely fast customer support,which is far away from the reality,so we have to be more tolerant.
I've had to wait several days for a reply from customer support,on websites that promise fast and friendly response.
2723  Other / Politics & Society / Re: Pandora papers <== They said Bitcoin was used to avoid taxes! Think again on: October 04, 2021, 06:09:16 AM
Quote
the King of Jordan, the presidents of Ukraine, Kenya and Ecuador, the prime minister of the Czech Republic and former British Prime Minister Tony Blair

I wouldn't describe those people as "world leaders".Tony Blair isn't an active politician for more than 15 years.
They are powerful in the their own countries,but they definitely aren't world leaders,except Putin,but I guess that he doesn't need hidden offshore bank accounts.
Anyway,I guess that most of their tax evasion crimes happened way before Bitcoin was a thing.
Offshore islands,confidential offshore companies and "tax heavens" exist way before Bitcoin and altcoins were created.
We all know that fiat money dominates the world of financial crimes.Bitcoin can be used for tax evasion(if the criminals find a good BTC mixer),but I assume that fiat money are way more convenient for such crimes.


2724  Bitcoin / Press / Re: [2021-10-02] Coinbase says hackers stole cryptocurrency from at least 6,000 on: October 03, 2021, 11:52:13 AM
It would be interesting to know how the hackers gathered all this data of emails and passwords.
I know that account cracking is a thing.AFAIK,there is a software called Openbullet,which is being used for cracking various online accounts.
All the things needed are the software,configs about the websites,combolists(a bunch of emails/password combinations),proxies and a VPS/RDP,so the software could run 24/7.
I know that Coinbase accounts have been cracked before,by using this cracking tool,but I don't know how the hackers managed to bypass the 2Factor Authentication.I guess that there was a flaw in the 2FA system,which was exploited.
The other option is all this account data being leaked from the Coinbase database,I guess.
Anyway,I hope the hackers will be caught and the people are getting back their coins,just like Coinbase had promised.
2725  Economy / Speculation / Re: Price of an iPhone in Bitcoin at their launch over the years. on: October 03, 2021, 11:24:24 AM
Imagine if you've invested it in Bitcoin instead of a fad that can be replaced in just a year

The thing is that most didn't know about Bitcoin when iPhone 4 was launched.
And this makes the image, although nice, basically useless.
Also some will prefer to invest, some others will prefer to spend, few will find a good balance between the two.
And I will end with: it's counterproductive to spend much time on "what would have happened if..."; it's better to focus on doing better in the future.

This comparison is created just for the sake of looking cool,not because it's accurate or because it makes any sense from a financial or economical point of view.
Comparing the historical prices of a consumer product being measured in a currency/financial asset,which became incredibly valuable in a really short time frame(a few years). There is no point of doing this.
iPhone is overpriced and it gets old/obsolete pretty quickly.The main reason why the people buy iPhones is to flex around and show how rich and cool they are,in front of their friends and family. Grin


2726  Economy / Economics / Re: Chinese loans leaves many countries in "hidden debts" on: October 03, 2021, 06:39:42 AM
China isn't that rich,so they couldn't throw money at the underdeveloped countries in the form of financial aid.
The Chinese want to profit from their financial activities and they want to expand their influence across the world.This is normal for a global super power.Are we going to play the "China bad,USA good" game?
It's strange how many people view the financial expansion of China as "bad" and "suspicious",while the financial dominance of the USA/Western world is supposed to be "good".
US,UK,CA,AU and EU corporations and banks were also giving loans and getting the natural resources of the underdeveloped countries.Why nobody is talking about them?
2727  Other / Archival / Re: Why do most (if not all) casinos ban users’ accounts if have more than one? on: October 03, 2021, 06:16:23 AM
Why casinos don't allow multiple accounts:
Reason 1:Exploiting casino bonuses.Already mentioned by most forum members.
Reason2:Many casinos have affiliate programs,where the affiliates get paid a commission,if a user signs up via their affiliate link and deposits money.Sometimes the commission can be bigger than the initial deposit.
Casino affiliate programs are well known for being quite generous and offering big commissions.
Some of those affiliate programs might get abused by the affiliates creating multiple accounts.That's why the casinos don't allow multiple accounts created by one user.
2728  Bitcoin / Bitcoin Discussion / Re: Chinese are turning towards other means of trading on: October 03, 2021, 05:52:13 AM
A recent article reported that China's outlawing of crypto transactions backfires: more Chinese are turning to underground projects and decentralized exchanges without the CCP's control. Do you see global implications for the crypto market?


That was pretty much expected.I don't think that the Chinese government has the resources to control the financial activity of hundreds of millions Chinese people.CCP would need millions of clerks.
The only global implication for the crypto market would be the fact,that there won't be a major crypto price crash,at least for now.The crypto traders got used to the China FUD,so they aren't panicking that much.
By the way,If you want us to discuss "a recent article" ,why don't you post a link to the source?
2729  Economy / Gambling discussion / Re: ⚽UEFA Champions League Discussion Thread -- Group Stage! on: October 01, 2021, 11:34:46 AM
I feel that this thread is too focused on the big western clubs and the football megastars like Ronaldo and Messi.This is quite normal,but there are other teams playing in the UEFA Champions League.
I was surprised that Zenit defeated Malmo 4-0.I thought that both teams were kinda equal,so the draw was my bet,but I was wrong.
I also wasn't expecting Inter to not win against Shakhtar.
Sheriff defeating Real Madrid was awesome.I've never liked Real Madrid. Grin
My bold prediction is that Real Madrid and Manchester United won't get to the quarterfinals of UCL.
Maybe one of those teams won't get out of the group stage.
I'm 99% sure that Barcelona won't get out of the group stage,so there's no need to predict this. Sad
2730  Economy / Gambling / Re: I am a bookmaker worker. Want to share info with you on: October 01, 2021, 06:14:39 AM
So you are saying that you have insider information about games in the Russian football league?
And you are a bookmaker,not a football player or a coach...Really?
To be honest,I don't believe you.
I don't understand your offer.You want someone to give you foreign sports betting accounts,on which you will bet with your own money?Or you want someone to bet his money on the games that you show him and you both are going to split the profits?This sounds sketchy.
Why don't you just try to create the foreign sports betting accounts by yourself and bet with your money?
You will keep all the profits for yourself that way.Am I right?




2731  Bitcoin / Bitcoin Discussion / Re: The misconception when buying/investing in Bitcoin on: October 01, 2021, 05:43:10 AM
This misconception exists only for the people,who are really ignorant about Bitcoin and how the Bitcoin Core blockchain works.More and more people became aware about Bitcoin and more people know that Bitcoin can be divided into bits and satoshis.We live in 2021,not 2011.Bitcoin is famous and people aren't that dumb,at least the majority of the people. Grin
Anyway,it would be completely fine if we could just stop using one Bitcoin and it's price for the main criteria.
Using one satoshi instead would be great,but I guess that everything,that is being sold for BTC will be measured in millions of satoshis,which would look weird.Perhaps one bit is better than one satoshi.
2732  Economy / Economics / Re: How would the ecosystem change if the fees came back to the user after 1 year? on: September 30, 2021, 02:10:36 PM
A cryptocurrency cannot exist without miners and transaction fees.
However,I assume that you want us to imagine and theorize over a hypothetical payment system,that has no transaction fees(and probably no miners).
Well,if the fees came back to the users after one year,then the users will be incentivized to create as much transactions as possible,since they will get back the fees after one year.Such payment network will get stuck due to the multiple spam transactions,the confirmation time will become ridiculously slow and the network will simply block.
If you ever want to create such altcoin and such blockchain,good luck. Grin
2733  Economy / Gambling discussion / Re: Blockchain and Gambling on: September 30, 2021, 06:48:38 AM
The title says that blockchain can help for more responsible gambling,but the article is about solving conflicts between the gamblers and the casinos.
In my opinion,responsible gambling means trying to fight gambling addiction among the gamblers.
This has nothing to do with the conflicts that occur between gamblers and casinos.
I know that the blockchain technology can make online gambling more transparent and reduce the scams.
What I don't know is how implementing blockchain technology will reduce gambling addiction and make the gamblers more responsible. Sad
2734  Bitcoin / Bitcoin Discussion / Re: Advise on Bitcoin Ban/Regulation to the US government on: September 30, 2021, 06:19:42 AM
Bitcoin/crypto is regulated in the US.Does the US government want to impose even more regulations over the cryptocurrency industry?
Why Elon Musk suddenly started to care about the crypto industry?He dumped Bitcoin a few months ago,the Bitcoin community hates him.I think that nobody in the US government cares about Elon Musk's opinions.
The is article seems like hidden FUD,because it suggests that there's a possibility for the US authorities to ban Bitcoin and cryptocurrencies in general.Such possibility exists,but the chances are way lower,compared to the China crypto ban. 
2735  Economy / Trading Discussion / Re: Mr Goxx, the crypto-trading hamster beating human investors on: September 29, 2021, 11:59:13 AM
So basically some "attention whore" decided to attract some attention and get in the newspapers by turning a hamster into a cryptocurrency trader.Great job,that guy received his 15 minutes of fame.
A hamster(or any animal) doesn't know what he's going and can't make any rational decisions.
I really doubt that the trading decisions made by this hamster are purely based on luck.Even if they are,then what's the point?Proving that crypto trading based on pure luck and guessing is better than crypto trading,which is based on technical+fundamental analysis and trading signals?Yeah,that would be an interesting experiment.
2736  Economy / Speculation / Re: Bitcoin price is in a downtrend, will it last long or temporary? on: September 29, 2021, 11:36:33 AM
The downward trend in Bitcoin prices has continued since a few weeks ago until now where the bitcoin price is still at the level of $42k. Will Bitcoin's downward trend continue or will it return to the $50,000 to $60,000 price level next month?

Is has been stated many times on the forum that:
1.September is a bad month for Bitcoin.
2.China FUD strikes again...

Are you so desperate for a 50-60K Bitcoin price?It's not the end of the world,if the Bitcoin price remains under 50K for the next months.I was expecting a bull run by the end of the year,but everything will be fine,if such bull run doesn't happen.A new Bitcoin ATH will be delayed for the next year,I guess.
Of course that Bitcoin price trends are temporary.It doesn't matter if it's a upward or a downward price trend.
Also,It depends of what do you mean by "long".It can be several weeks,a few months or a few years.
If we are talking about Bitcoin,long term means several months.

2737  Economy / Economics / Re: Are Bitcoin ETFs really important? on: September 29, 2021, 06:51:47 AM
Bitcoin ETFs being approved means large Bitcoin adoption among the institutional investors.This would be definitely bullish news for the market and a growing hype around Bitcoin.Maybe a new price bubble would be formed in the short term.
This means increased demand for Bitcoins and a higher Bitcoin price.Other than that,I don't see why Bitcoin ETFs should be considered "really important".I mean,the crypto industry is doing just fine without Bitcoin ETFs being approved.There was a huge hype around "will the SEC approve Bitcoin ETF" a few years ago,now it seems like nobody cares about this type of news anymore.
2738  Economy / Gambling / Re: ✅ OddsBase.net - Historical bookmakers odds base on: September 29, 2021, 06:23:35 AM
Quote
This database serves as a tool for analysis and prediction of game outcomes. Now, with the help of this base, each player will be able to analyze future games referring to old games.

Analyzing future games by using old games doesn't seem like a good analysis to me.
For instance,Barcelona had a great team 6 years ago,with Mesi,Neymar and Suarez,so their results were pretty good and the odds for Barcelona winning a game were close to 1.Nowadays,Barcelona sucks and the odds for them had changed.How the hell can do you use the old odds for Barcelona to analyze their future odds?
I don't get it.Maybe I'm not an expert in sports betting.
The price seems fair,but I highly doubt that anyone would use this database for analysis.
Good luck with this service,OP.
2739  Bitcoin / Bitcoin Discussion / Re: Bitcoin tipping on Twitter on: September 29, 2021, 06:00:13 AM
You can now get paid in bitcoin to use Twitter

Official link
https://www.cnbc.com/2021/09/23/you-can-now-get-paid-in-bitcoin-to-use-twitter.html

What do you think about this feature ?

I don't care because I don't use Twitter and I'm not planning to register a Twitter account.
This feature was pretty much expected,since Jack Dorsey is CEO of Twitter and probably the biggest Bitcoin supporter.I remember that there was a similar third party tipping service for Twitter,but with fiat money.
Receiving tips and donations doesn't seem like a good business model to me.Perhaps Twitter can create a marketplace(similar to Facebook marketplace)where the people can exchange goods and services for Bitcoin payments.That would be nice.
2740  Bitcoin / Press / Re: [2021-09-24] China Says All Crypto-Related Transactions Are Illegal on: September 28, 2021, 11:26:16 AM
China's loss will be the world's gain. It's only a matter of time before they realise their mistake & do a huge U-Turn.

No.I don't think that China is ever going to step back and adopt cryptocurrencies for the second time.
Dumping the crypto industry won't be a big loss for the Chinese economy.On the contrary,the Chinese economy might even get some benefits-less carbon emissions,more electricity for the manufacturing business,less capital being exported out of China by using cryptocurrencies(if they successfully fight illegal financial activities,which is questionable).I kinda get the point of view of the Chinese communist government.
Anyway,Bitcoin and the crypto world will be far better without the constant FUD coming from China.
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