As Bitcoin adoption keep increasing around the globe, with leaders of various countries adopting Bitcoin payment as a show of support to the fast-rising cryptocurrency industry in other to tap into its numerous advantages over the traditional financial system, some time ago I share the news of the new York mayor Eric Adam promising to take his 3 months salary via Bitcoin. Due to U.S. Department of Labor regulations, New York City cannot pay employees in cryptocurrency. By using a cryptocurrency exchange, anyone paid in U.S. dollars can have funds converted into cryptocurrency before funds are deposited into their account. This thread is to confirm the action of the New York Mayor announcing the receiving of his first salary in Bitcoin despite the market fall the mayor stated that he received the salary via coinbase. https://news.bitcoin.com/nyc-mayor-eric-adams-converts-first-paycheck-to-bitcoin-ether-coinbase/I wonder how much he might be regretting signing himself up to this. What you'll tend to find is these politicians usually lack much knowledge about what they're preaching but are keen to use any hyped up new trends to their political advantage. Cryptocurrency is still seen as a modern and innovative concept (it is, barring the environmental issues to be solved). Coinbase is probably bumping up his salary behind the scenes as this is indirectly favorable advertising to them, he might slide into a comfy "consulting" type job working in this company after he leaves office. This definitely sounds like a carefully engineered story, because as you posted - he got paid in USD and made a choice to convert it after that point. |
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Since last week, we have been very happy because a new member has joined our family. Yes, last Saturday, my elder brother became the dad of a boy. After spending 9 days in the hospital, they came to our home. It really is a great feeling for me to become an uncle. He is the first baby in our family's next generation. So I thought of something for him yesterday. I thought I would make 15- 18 years of FD for him. so that we can provide him with a better education. We are not from a rich family. We belong to a lower middle class family. And my elder brother is working at a bank as a security guard. because he didn't study well. As a security guard, his salary is only $90 equivent a month in our currency. This won't be enough for him to give a better study. So I thought I would do something so that i can contribute little on his study. As a crypto member, I have finally made a decision. I will make an investment in bitcoin for him. But I don't have much money, but I can invest a little amount for him. Yesterday I bought $100 worth of bitcoin for him.
This is a really small amount, so my brother won't say no to me. Then I load it onto a separate account for him. And write the wallet ID on a note paper and give it to my elder brother and tell him to keep it for at least 15–18 years. And my trust in bitcoin says that after 15–18 years, this $100 could be a very handsome amount for my nephew. They don't have any technical knowledge, so I just told them to hold it. They will hold it. And when he becomes 10 to 12 years old, I will start teaching him about bitcoin so that if anything happens to me, he can easily access his account and get access to his reward. I am teaching my younger brother about bitcoin. He can also help. However, my family's wish is that all of the next generation members will be tech savvy. Because tech is the future.
What do you think, guys? Will this amount be enough for his better study costs? Though if they keep it for 10 years, at least that's enough for me. What do you think, guys? What will be the price of this $100 after 18 years?
I bought bitcoin at an average price of $35,546,.
Nobody can foresee what the price of Bitcoin will be 20 years into the future, many things could replace or supersede it. It might get wiped out due to advances in super computing making it crackable. Either way, it does not offer compounding returns like you might see from the stock market or a bank account (if they still paid decent interest rates). It's such a small amount that it's not going to do anything impressive, you'd be lucky if it quadrupled in value - whatever asset you put it in. Personally I'd put it into a global index fund which is much more likely to perform better and it will compound much more over that time frame. You should definitely consider the storage medium - as a little note could easily get misplaced or the ink might fade over such a time period. |
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Sign-up speed isn't really a matter. That's one of the easiest and I think it's no problem even if the process is taking any longer. And most of the casinos have their speed in withdrawals and also they're good in limits. So here goes what I think are the important ones for a casino.
I agree it's not that important as most casinos usually require email and a strong password but there are people who prefer quick registration like for example the one click sign up provided by nitrogensports. Yeah, I've known that type of registration that they provide. Well, I gotta say that they're likeable but not really a great requirement since more of the inside is what's we really see as an important factor when it comes to the best gambling experience that we're looking for. Just as what everybody is saying, there's a point of choosing what we think is the main feature that we need as we gamble. I think this all feeds into one other factor: Reliability. It's all very well having an online casino, but you need to be able to keep it online. This sort of site is a number one target of thieves right now - sometimes operating in a legal grey area, holding vast amounts of easy to launder funds that are instantly available anywhere online and sometimes possessing vast troves of private customer documents that can allow further abuses to take place. This makes them a big target for DDOS based extortion and it must eat vast amounts of money to stay secure + accessible. From a customer perspective: Speed of the site can make a huge difference, especially if you're playing in game bets and you want to know that you can withdraw your funds at any time, which can be extremely worrying if the site goes down for any reason. |
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Possible bear indicators for the US stock market.
There is another possibility present. Investors could be pulling their capital out of US stocks to invest in cryptocurrencies instead.
It has often been claimed that bitcoin and crypto can rival the banking industry. Is it possible that crypto could be a rival investment to stock markets as well.
If global concern relating to inflation is real. Perhaps investors are seeking assets not denominated in fiat currencies which might be susceptible to inflation.
In which case, it may not simply be bull versus bear markets. But rather a question of demand relating to inflation protected assets, in eras where inflation is becoming a concern.
The valuations that tech companies are sitting on have been crazy for a long time, it was inevitable these companies would face a correction. Corrections happen every 2-3 years and recessions happen roughly every 8 years, it is part of the natural cycle of boom & bust. These tech companies also benefit from the extremely low cost of debt at the moment and often use that to expand their operations, when the base rate starts to crank up it can multiply the rates they pay on that debt which is what we start to see happening now. Lots of people got rich off the colossal climb of some of these stocks, however when they swing the other way it usually affects the most greedy or people who get in late expecting the rise to continue. |
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Have you ever played online casino?Is the experience similar to playing physically in casino?Which do you prefer?
They are vastly different experiences, it is like comparing football to playing a video game. Take poker for example - there are huge differences in the atmosphere around it. You'll be looking in peoples eyes when you go to bluff them, there will sometimes be anger and conversation at the table as people try to get a read on you. If you're on a winning streak at the poker table, it's somewhat expected that you'll tip the dealer a little extra. You will also often find that casinos will give you free alcoholic drinks, which might come as a shock the first time you go to pay for it - they will take a small expense in the hope it loosens you up to spend a lot more money while tipsy. You'll encounter a lot faster play if when you're online, as people are concentrated and focused, there can be fewer distractions with strictly enforced time limits. |
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....
Feed back of other players is recommend for finding a casino based on their feedback we can analyze if this casino is trusted or not.
This is by far the surest way to understand how much a new player can trust the casino. However, here you need to be careful because some of the reviews are written by affiliated players or just hired employees. These are mostly positive reviews. So when reading reviews, one must be critical of their plausibility. You are right the best way to discover this is to carry out personal research about the site and also to make use of so. of the top reviews site as that will help to know which area or aspect to look out for when one is talking about choosing which site to bet and play games on. So in all, I will recommend the ops to make adequate research before choosing a casino. the average review that is generated is the personal experience of users who have tried, although many are also fake reviews, but I will definitely take the reviews on a gambling site as my consideration to start depositing and playing on a gambling site because if you try to do your own research, the probability is 50:50 (between loss or profit)!! The "average review site" is a rather wide net to cast, you'll find a lot of them are setup purely as affiliate marketing tools - benefiting the owner by using carefully placed referral links. It's in the owners interest to minimize the amount of bad reviews, because they get paid when people sign up and start spending money. You're right about fake reviews, both because certain ones might be made up simply to produce content and others can just be from disgruntled customers who never understood the odds they were playing against. This last type of customer is likely to be very angry at losing money and leaves a malicious review, even though they should have known better all along. |
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President Tayyip Erdogan said on Friday that Turks should keep all their savings in lira and that recent exchange rate volatility was largely under control after the lira weakened sharply in the last two months. "I want all my citizens to keep their savings in our own money, to run all their business with our own money, and I recommend this," Erdogan said in a speech in Istanbul. " Let's not forget this: as long as we don't take our own money as a benchmark, we are doomed to sink. The Turkish Lira, our money, that is what we will go forward with. Not with this foreign currency, that foreign currency." https://www.reuters.com/world/middle-east/erdogan-calls-turks-keep-all-savings-lira-2021-12-31/Who should be blamed for “that”, President Erdogan? You want everyone to hold the Turkish Lira, while your cabal inflate and deflate the currency according to your “mood”. Bitcoin is the back up/fall back that we need. Turkey has a rather unique situation, where the President is going against all the best economic advise being given to him and has replaced numerous (supposedly independent) central bank managers. It's seemingly unfathomable that a leader would so badly undermine their own country in some shallow belief that they can demand that inflation falls, he simply does not accept the painful steps that are required because voters are gradually turning against him. You have much bigger problems than which currency you use if you live in a country like this - short term you'd have been much safer if you had converted your money into US dollars considering the recent fall in the price of Bitcoin. |
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Recently, I was asked by one of my clients to check out which esports betting bitcointalk users are most interested. I wasn't really aware of esports betting much. Because I really don't gamble a lot. Can you please share which esports you used to place bets on? It would be a great helping hand to find out the right one. Client was interested in offering bonus for bitcointalk users.
It's surprising that more modern games like Call of Duty and PUB G are not featured more heavily on crypto sportsbooks, but I guess the older games have had time to develop more leagues. I've played a few counter strike and Fifa bets in the past, there's a bit more profit to be made but a single player can easily collapse in one game. I think we'll start to see more up to date games coming on stream faster in future, I guess it just comes down to all the infrastructure and having a super speed monitoring ability in place, to prevent any abuse by middlemen placing bets with faster information. It might mean you can only place bets pre-game rather than ingame, but there seems to be a large untapped market there with a younger audience who want to spend money. |
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Things started looking good, giving a bit relief!!
But wait!!! Again sudden dip of $5000 in a few hours?? How can we explain it: Are bad actors manipulating it or it just the market sentiments towards downward making such huge pricefall?
There has been a lot of cheap money floating around the world in the last few years, looking for any asset that can possibly make a return. People saw that Bitcoin trended up by a huge degree and kept on using that cheap money to fund more. As central banks start pushing up interest rates people are getting skittish and taking their profits. If money starts getting very expensive to borrow then only the best performing assets will do well, we're seeing it in lots of tech stocks tumbling right now - they were extremely overpriced. There is also the fear of war rumbling around the Russia/Ukraine situation, it's actually in Russia's benefit to cause a spike in oil prices which comes from that sort of tension, but it has vast effects all through the markets. |
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I just dropped an specific topic on the Gambling Discussion board, but I think the issue is far wider. As many of you are aware, Facebook, now rebranded Meta, has effective plans to invest a very significant amount of money on the "Metaverse" to become the leader in this innovative area of human experience and interaction.
Whoever succeeds and becomes the dominant meta-platform (call it Roblox, Meta or however is there) is very likely to use crypto, NFT and some form of governance. My question to the forum is what do members think that will be the regulations inside the Metaverse? Who set the law (government, the company, both, the users,...)? Who and how decides the "punishment" or penalties for missuse? How do they deal with privacy?
The Metaverse seems full of legal, philosophical and economic questions yet to be answered.
The metaverse, like any other virtual space, is governed by the laws of the country of the participants or wherever the servers are based - depending on what type of criminality is being discussed. Any players within the supposed metaverse (how is the world getting closer to the Matrix every day?) would simply sign up to and be required to follow a terms of service. It doesn't seem to present any sort of legal or economic questions as you suggest. If someone were to hack into the servers, that person would be prosecuted. If someone were to sell drugs via a virtual marketplace, they would be subject to laws in whatever country they are based. We see in certain countries like Russia that internet crimes are rarely prosecuted when the benefit the leadership, so certain things might be ignored and other things might be prosecuted if a Russian person was involved - it really changes country to country on how they can be handled. |
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Hey guys,
I have created this poll to see what your ideas are in this.
So what do you say, what are the most important features for you in an online crypto casino?
I'm a real big fan of free bet promotions and probably a bad sportsbook customer for that reason  Nothing more enticing than getting free money, that you could potentially convert into even more cash through some sensible bets. I think one key element that is often discussed here is Know Your Customer - there may be good reason for it but this should be one of the most useful things that a cryptocurrency based casino should set out to avoid. If effort was put in to stop any money laundering (such as you receive your blockchain connected funds back +/- any wins or losses) then that might help you? I just don't see the point of using a riskier type of casino when locally based fiat casinos can offer the same service. There is also a big risk of handing over that documentation, combined with crypto assets, to more anonymous organizations who could have lower security as they are less accountable. |
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If you're still primarily holding fiat, you're not paying attention to what we do here on a daily basis. Inflation, according to Elon Musk, is the most regressive of all the tasks. The US dollar has been the strongest currency for the past 100 years, yet it has lost 95% of its purchasing value since 1913. Fiat currency will always lose value over time, but cryptocurrency will always gain value over time; the two are moving in different directions. According to recent studies, 40% of all US dollars in circulation were printed in the last twelve months. Every day, they are printing away our wealth. Opt out and invest in cryptocurrency instead.
"What we do here on a daily basis" - Don't claim to know the financial affairs of everyone here. There are some people who are dirt poor and in debt, trying anything to find a way out but having no funds at all to start. A small group of people will have gotten lucky enough to cash out Bitcoin at the right times (note: converted to fiat) and are living a very comfortable life right now. There are others who come here out of curiosity, to keep up to date with crypto news but have their investments held in other places. It's simply a ridiculous and mindless philosophy to "hold forever" because people need fiat currency to live in the real world, you must convert it to enjoy any potential gains. Plenty of people keep money in the stock market which has beaten inflation over the long term and will also be a method of support. |
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Real-time incident of an user who trained himself to be a trader. Got addicted and lost everything. Steven is the person who kept adding more cryptocurrency to his portfolio. In an interview he mentioned drug, cryptocurrency and alcohol has destroyed his life. In the beginning Steven knew what he's doing. Later he ended up losing around 5-10 bitcoins. He don't know any information about the addresses and now struggling to recover it. He says trading is gambling. He has learnt by his own and has always been a good trader. Now he spends day in one of the rehabilitation centre in Scotland. Data : Man Lost Everything to CryptoSomeone who is mixing alcohol and drugs while trying to build their knowledge in a new field is destined to fail. It might give you a delusion that you are being productive, energetic and useful when you're taking certain drugs but it will definitely take a negative toll over a prolonged period. It will generally make you disorganized and overconfident in your abilities, which when mixed with money management are a terrible mix. It can distort your decision making which is essential when you are analyzing information and statistics during your working hours. Some people have a few hits of success, which can be easy in an upward trending market, then falsely assume that they are somehow skilled enough to make a long term career out of it. |
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If this has been discussed somewhere else point me to the thread, I did a quick search and did not find it anywhere.
So now that there are approved apps to bet with here in NY has anyone changed where / how they bet?
I know some people will move books based on small odds differences, just wondering if anyone here has made a change.
Personally, I have not. I like where I wager now and they are not in New York yet, although they say they want to be by the middle of the year. No idea if it will actually happen.
-Dave
It seems silly that it was ever banned for so long. Along with the recent trend of decriminalizing drugs that is sweeping the states, it seems to be moving in the right direction. For far too long these activities, which people choose to participate in and which generally do not hurt anyone as long as they are done in a responsible manner, have been wasting so much police time. Police time that could have been better spent on catching violent criminals or people who do things like breaking into houses to steal. Much better to make certain non-violent crimes legal so you can document it, tax it, build statistics around it and target help to the people that need it most. |
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Here are Jose Fernandez da Ponte's (SVP, Blockchain, Crypto and Digital Currencies at PayPal) words: “We are exploring a stablecoin; if and when we seek to move forward, we will of course, work closely with relevant regulators” Source link: https://www.bloomberg.com/news/articles/2022-01-07/paypal-is-exploring-launch-of-own-stablecoin-in-crypto-pushPayPal Coin is expected to be backed by $ Dollar U.S. I see both positive (+) and negative (-) aspects of this news. (+) Financial companies are feeling the wind of change and are trying to keep up with new technologies and new opportunities to increase their profits. Can say that this is in some kind of one of the stages of the masses of the adoption of crypto. Does the crypto community want cryptocurrencies to supplant traditional banks? Here is one of the stages to the formation of this. (-) Did you really think that the traditional banking and financial system would simply wither away from the mass adoption of crypto? Of course not. Those organizations that will not be able to adapt to new conditions will die. (+) This news, in its own way, attracts the attention of ordinary people to the topic of crypto. Moreover, PayPal has a huge user base, which allows them to be interested in crypto. (-) The disadvantage in this, I see, is that the new PayPal Coin will be centralized and, of course, the problem of mandatory verification. And of course, PayPal Coin will be very far from the ideology of Bitcoin. How do you rate the event with this company's plans to launch its stablecoin? I'm not sure it would ever really take off and it doesn't offer any benefit to Paypal. They are already the number one online payment processor and have a huge customer base, they can leverage all of that to sell people cryptocurrency within an internal marketplace. They're already doing it for Bitcoin, which acts like a testbed, and they can branch out to offer every single altcoin they choose in future. They already take a hefty chunk in commission from fees and this could just end up undermining their original business model in the long run. They're unlikely to get many people using such a coin outside of Paypal because it doesn't offer original benefits, so besides a gimmicky effect there is little reason to create it. |
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Havant has been around this gambling scene for a while I have constantly been confronted with this simple question from newbies in gambling, and this question is simply put to me, what are the fundamental skills that a newbie without experience should start with. The first step and a guide to a newbie.
A solid understanding of mathematics and ability to do calculations quickly is essential in many forms of skilled gambling. It highly depends on what sort of gambling you're doing, because things like slots in the casino will be impossible to beat over the long term as they are statistically engineered to favor the house. If you're doing games like Poker, then having (permitted) software on your PC that is able to analyse your playing style and notify you of weaknesses that you might not know, can vastly improve your playing style - fixing places where you leak money can mean the difference between decent profitability or long term failure. Persistence and keen bankroll management, meaning the ability to weather patches of bad variance working against you is critical. You definitely need to be adaptable and always willing to be open to new ideas if it can improve your gameplay. |
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Hi Guys
A few years ago, I was defrauded by some company and they fooled me into investing money with their fake company.
I reported that to the police and to the trading organizations at that time.
Of course, I did not get any money back and the police told me that cannot do anything.
Now, I keep getting calls from people (fraudsters I am sure) telling me that I have a few bitcoins blocked in my name. One of them even sent me a screenshot (I am sure that is fake as well).
They want me to give them 5% so that they can transfer me the bitcoins (I learned the hard way how fraud works), and I am not sending any money to get any money.
My question is...
How, where, and is it possible to check if I really have any bitcoins blocked in my name? (If yes, then how)
Thanks
Andy
*** To any Fraudsters reading this, I am not going to give you any money so please don't try to fool me again. (Fool me once - shame on you, fool me twice - shame on me).
A lot of good advice has already been given and you should follow the first couple posts in particular. The very fact that you're asking this question is a good thing (before you hand over any money) but it also means you are still susceptible to future scams. You should never "invest" money into projects unless you fully understand them, not just nodding your head along to some salesperson like you pretend to know what is being discussed. You seem to be slowly learning, but you should stick with normal investments like a global index fund and seek out a certified financial advisor if you have a lot of money to spend. People are always pushing get rich quick schemes on the internet and you should assume that all of them are trying to work an angle (you might not see) on you somehow. |
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A greater quantity of COVID driven healthcare demand coupled with higher strain on existing healthcare. Could result in scarcity which will inevitably drive healthcare prices even higher. If the united states thought healthcare was expensive pre COVID crisis. I can't imagine how much worse conditions could potentially deteriorate post COVID crisis.
While certainly the worst case scenario is bad enough. It could also trigger a resurgence of home remedies and snake oil medical treatments. Due to people not being able to afford medical care. Faith healers, alternative health movements and holistic remedies could all make a strong resurgence.
Cryptocurrencies, I think could be developed to improve healthcare in the united states and worldwide. There are many obvious steps to improve healthcare. People taking steps to exercise more and be healthier would go a long way towards making healthcare more affordable for all. As would people refraining from drug and substance abuse. These are not necessarily issues for government to solve. But has more to do with choices made on an individual level.
High numbers of americans drive across the border to mexico every year to receive healthcare treatments at greatly discounted prices. That is probably the best option many have to receive affordable heatlhcare. But surely we can do better than that?
I'm not sure cryptocurrencies can provide any help to this situation, however the blockchain technology surely has functional and practical usage within the medical supply chain. Unfortunately politicians in the USA care more about appeasing lobbyists (who have the financing to fund their opponents instead) rather than looking out for the best interests of the majority of people. Until lobbying is banned (along with stock market insider trading by the very same politicians) then it will be almost impossible to fight back against the established order of billionaires consolidating money into fewer hands. You have a rather sick society when a handful of people earn more in a few days of January than the rest of the country will for the whole year combined. Politicians work on relatively short timescales, however these fixes need to stay in place for long term to work. |
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REDMOND, Wash. and Santa Monica, Calif. – Jan. 18, 2022 – With three billion people actively playing games today, and fueled by a new generation steeped in the joys of interactive entertainment, gaming is now the largest and fastest-growing form of entertainment. Today, Microsoft Corp. (Nasdaq: MSFT) announced plans to acquire Activision Blizzard Inc. (Nasdaq: ATVI), a leader in game development and interactive entertainment content publisher. This acquisition will accelerate the growth in Microsoft’s gaming business across mobile, PC, console and cloud and will provide building blocks for the metaverse. from: https://news.microsoft.com/2022/01/18/microsoft-to-acquire-activision-blizzard-to-bring-the-joy-and-community-of-gaming-to-everyone-across-every-device/This is the most expensive acquisition of Microsoft since time and we can't help speculating how much the metaverse tokens will be when Mircrosoft finally launch thier own in the metaverse. There is an impression in the Linux community where everything that Microsoft touch dies like Yahoo and Skype. Will Activision die too? But with this Activision + Metaverse, I think this is going to be a good decision for them to develop. Activision has lots of games where gamers are actively playing and the Metaverse which we can consider to be the future. This might just be one of Microsoft's best investments and projects to develop and get successful with. Unless they become very aggressive again and deploy KYC in games. You think? Also in Cointelegraph https://cointelegraph.com/news/microsoft-s-massive-metaverse-move-buying-activision-for-69bIt's a good move for Microsoft, when a company gets to their size and has so much spare cash floating around it's hard to make your profits go up substantially unless you go for a big acquisition like this. Similar to Warren Buffett saying it is hard for him to buy companies that a big enough to make much impact now it has grown to such a huge size. They seem to make a logical pair, the only downside for consumers is it will make certain titles x-box and PC only - you'll see certain titles less on devices like Apple and Playstation in future unless Microsoft is feeling particularly altruistic. Maybe it is a play for the "metaverse" but that seems like such a gimmicky concept that has been tried many times in the past and is hard to see a decent return on. |
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This is the kind of thing that made you think that it's possible to make money out of sports betting, but expectation and reality are two different things, it takes a lot of effort and time spent studying teams and players to develop insight on how these teams and individuals perform against the opposite, and not to mention the series of losses that you will encounter along the way, of course, you are also paying for tips and signals to get another opinion if it is against or with what you've got, it's not easy but you will be proud for every win because you earned it.
Exactly right. We hear about regular lottery winners, but the amount of people making large bets (whether straight or parlays) that pay off is tiny in comparison. Even with lotteries you're talking about odds in the tens of millions to one. This sort of thread is dangerous because while it highlights an insignificant amount of wins to gamblers, it ignores the huge amount that drive major business to gambling sites. Many people placing multi bets see the astronomical pay outs and think that is worth the risk, when in actual fact this type of bet drives the majority of profits to sportsbooks because they pay off so infrequently. The odds going against you are amplified exponentiation with each new leg you add in. |
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