Okay, I just want to remove the gambling from this discussion and just talk about every company which is running all around the world. Most of the companies either its small or regulated by their respective regulatory body but still we can see cases against even the biggest companies has been sued by the government for tax evasion and importantly they are filing the case against them now for something which happened a decade ago so I don't believe having the license is not really enough to say that a company is paying all their taxes perfectly.
The difference in this case is that you are talking about companies with licenses that evade a portion of their taxes. Here we are talking about the possibility that these businesses, at least some of them, that are not licensed, get all their revenue without declaring it and how they can do so in order to spend it later. |
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In my case it is a totally neutral feeling, because the best thing you can do when you play poker is to be as rational as possible and not let yourself be carried away by feelings at all, although we are human and this is not 100% possible. But it's almost like sitting down to read a book or, better, like solving crossword puzzles. It doesn't matter if I have losses in the session because I play EV+ and in the end this is reflected in the results.
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I see many threads of this style, where at the minimum that the price recovers a little, people feel optimistic, and I don't think we are going to have too many reasons to be optimistic about the price.
If you hold Bitcoin and you are going to hold it until the next cycle at least, you should not care about these oscillations. You can even continue to accumulate at prices that will look like a bargain in a couple of cycles.
The only thing is that this cycle is being a bit disappointing for the expectations that most of us had placed on the price.
So we have to be patients.
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What specialized knowledge or skillset do you think CEOs have that make them irreplaceable?
Very few CEOs know important and critical information offhand. They usually have to delegate and ask other execs questions, if they need an answer. You see this happen in earnings reports all the time. If the CEO needs an answer they ask the CTO or another exec. They're usually not hands on enough to keep track and know the details of what is happening in the company.
There's nothing in the job description of being a CEO that the average person couldn't do. No special intelligence, knowledge or skills needed. Many corporations and institutions admit their CEOs are mere figureheads and spokespersons who do not engage in important decision making regarding the brand they represent.
There are engineers and many in the IT field I could cite, who outright lambasted CEOs for typically not being good at their jobs.
In Bill Gates case its been rumored he helped write FAT16. The 16 bit, linked list, windows file system. Bill Gates tried to trade all of his shares in microsoft for lotus stock, before windows became successful. For which many accused him of being the worst businessman of his era.
If you think Bill Gates has special accolades or accomplishments which put him head and shoulders above the average businessman or entrepreneur, I would be curious to know what they are.
What you say is such nonsense that I doubt what to answer you because we start from such a different vision that we are not going to reach an agreement. So yes, you are right, the training, intelligence and ability that the person who cleans the WC of the company has is the same as that of the CEO. |
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I am very happy for these people and I am also happy that it was done with Bitcoin, with what helps to give good fame.
The only thing is that the funds have been contributed with Bitcoin, just as they could have been contributed with fiat for the charity. I don't see that Bitcoin is essential here, because it is not like when there is a bank blockade and the way to avoid it is to donate with Bitcoin.
Once the most pressing problem is solved, that they have access to clean water and humanitarian support, I hope that part of the education will be about Bitcoin and that it will help people to find jobs related to it in the future.
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I do not agree with the idea that borrowers are the ones who gain from this, only a few borrowers who know very well what they are doing and who have a great capacity for self-control do so.
In other financial threads I commented it: it is the debate of which system is better to improve your financial situation, Robert Kiyosaki's or Dave Ramsey's system.
The former advocates going into debt to acquire financial assets, mainly RE and the latter advocates getting rid of all debt and avoiding debt like the plague.
Mathematically for a robot or an AI, it would be Robert Kiyosaki's but in real life for most people it's Dave Ramsey's.
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Weekly. I spend what I earn in signature campaigns, and I and save the Bitcoin (or rather the satoshis) that I buy. I use it for a variety of online purchases. Not much more to add, it is part of my weekly routine.
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If there were 2 major players say DaveExcange 1 and DaveExchnange 2 the 1st operated in most states / countries the 2nd was avoiding the ones that required more licensing and financial checks. But outside of that they were both around for years had a good reputation and so on.
Would you feel safer using one over the other?
And the fact that the other one did not operate in places that had more extensive checks / regulations make you less likely to use it?
In this case, all things being equal, I would choose the least regulated. Let's take banks for example: I don't trust them, but they're regulated and government guarantees they'll pay back deposits up to €100,000 if they go bankrupt. That government guarantee means it doesn't really matter if the bank is stable or not.
In certain countries this guarantee serves the same purpose as WC paper, because if a major bank were to fail, governments would not have the funds to pay everyone. Although I suppose that at EU level if that were to happen some maneuver would be to put accounting entries for such amounts with restrictions on withdrawals and transfers. Do I trust banks? Yes, I do. Why? Because they're existence is focused on one thing; making money. No matter how they advertise their service, no matter what incentives they offer their clients, no matter how many free pens they've given me their reason for existence is transparent. Pure and simple.
I don't trust them, but I try to adapt to their game. Do I trust governments? No, I don't. Why? For the very same reasons; their goals aren't known, they are not transparent, and their regulations are often meant to serve a purpose other than what they claim. When was the last time a government regulation actually affected a cause as it was advertised?
Well, I'll tell you a few. The most recent one that comes to my mind is the regulations on gambling, and the obligation for licensed houses to offer responsible gambling features. Does anyone believe that the gambling industry would regulate itself in a way that would be beneficial to society if the authorities were not on its back? I don't think so, and in general I am not very much in favor of regulations and taxes, which usually go hand in hand. But going back a little further, not too far in historical times, the regulations that banned child labor or those that legalized the right to strike seem to me to be good examples. |
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Interesting. In this case they didn't use any mixer but rather moved the money to cryptocurrencies and exchanged them several times. No further details are given but it would be interesting to know if one of the coins used was Monero. I also don't see if they used a DEX or a CEX, it would be interesting to know. This makes me wonder if crypto is easier to track than using fiat to move the funds around.
If they withdrew cash and transported it via car from France to Israel, they'd only really risk being found at the initial withdraw step (and if they can hide their identity well for that bit, they probably wouldn't be recognised the rest of the way) - the money could then be laundered by more tried and tested measures to ensure it looks like they acquired it a legit way.
It is a fantasy what you have written. How could they withdraw millions from a French bank? There is currently a €1k cash payment limit in France, so to withdraw millions from a bank they would have to have filled out a bunch of AML paperwork, and I don't think that would be done by someone who is trying to launder money. In the unlikely event that they could have taken out those millions in bank bills, driving from France to Israel, they probably wouldn't have been stopped in EU territory, but if they had, they would have had a lot of explaining to do, otherwise they could have been preventively seized the money. But at the EU border, they would have had to declare the money, otherwise it could have been seized, and, again, I don't think that declaring the money would be done by someone who is trying to launder it:
EU Cash Controls" As part of the EU’s efforts to tackle money laundering and the financing of terrorism, all travellers entering or leaving EU territory are already obliged to complete a cash declaration when carrying EUR 10 000 or more (or equivalent in other currencies, bonds, shares or travellers’ cheques). Customs authorities are empowered to check persons, their luggage and their means of transport. They are also empowered to detain undeclared cash." I imagine you don't live in the EU or don't know how things are there. |
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It seems to me that you are getting confused, this is the list of companies that run signature campaigns in the forum, and among them there are gambling houses and others that are not gambling like CM or BC. Among the gambling sites, there are some that are not licensed, and some others that are, such as Playbetr or Betcoin. The gaming business in the cryptocurrency area will remain in the dark zone for a long time. Until the regulators get fed up and repeat the history of the Tornado.cash.
I don't think it will last long in the current situation. The trend will be towards more government control and more KYC. |
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Just use this forum to learn and exchange information with others in a sincere way, and in time you will receive some merits. Worrying too much about merits leads some people to be put on ignore lists, which they are less likely to receive, or to cheat, which they end up banned.
Other than that, I think the advice from NeuroticFish and lovesmayfamilis is good.
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@LoyceV, I never know if you like getting more posts on local board, but I can only tell you that I need a little support for that in some of my local post. This may not mean much to many of my local users so they're likely ignoring it, but so far @DdmrDdmr and a few other users have helped a lot. Thank you to those who have helped so far.
Hi buddy. I don't quite understand what you want with this. The thread is about reporting good unmerited posts, and yours have been merited, all of them. Some with a lot of merits, plus you don't need merits to rank up, so I don't know what you want. I don't know if the logic of your reasoning is that if some of those posts instead of having 10 merits received have 20, people in your local board will pay more attention to them. Anyway, good luck. |
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I believe there is some truth in the two competing statements about whether bitcoin is a hedge against inflation, or whether it likes high inflation.
On the one hand, if we consider so far, yes, Bitcoin has been the best hedge against inflation since its inception if we compare it to gold, the stock market or the real state.
But what stompix points out makes sense, as it was a common thought that scenarios like this year, and more so given all that has been printed in the last two years, were going to drive the price into the stratosphere. Recall the predictions that were being made last year, before the war broke out, about ATH for this cycle, which were much higher than what actually happened.
Would Bitcoin have a higher price if there were no war and no inflation? I think so, among other things because some of the money that people spend because of higher prices due to inflation could be invested.
So, one has to ask whether once the Bitcoin market has matured, and has a decent market cap, whether the returns are going to be lower going forward in percentage terms, which is quite likely, and whether there will be other assets that are better against inflation, such as real estate in good locations bought at a good price.
I believe that in view of this we can only observe and draw conclusions in the light of events.
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Well, first of all, what you say is not strange, when there is a crisis layoffs come and one way to avoid them is to be more productive. So nothing new. It appears many silicon valley icons are resorting to layoffs in an effort to boost flagging profits:
...
Another route they could take is to cut CEO salaries.
I think that in some cases it could be positive for companies to reduce CEO salaries and make workers participate in profits, either with a percentage of net profit, stocks or similar options, but being private companies, it is something they have to clarify with their shareholders. Bill Gates said most of his time as CEO of microsoft was spent reading and responding to emails. I would guess the daily structure of tech CEOs in the modern era hasn't changed.
This example you give could not be more biased. For starters, Bill Gates was not just a CEO, he is the one who founded the company. But I can assure you that an important part of the work of CEOs of non-tech companies today consists of answering emails, in addition to phone calls and videoconference meetings. But the emails they respond to are not the kind that can be answered by the last employee to join the company, which you seem to put on a par. Or I don't know if you are one of those who believe that for someone to get paid a lot for their work they have to sweat and can't get paid a lot for being in front of an air-conditioned computer in the office. Anyway, nothing new, as soon as the economy recovers, these companies will hire again, offering quite high salaries, but they will not make a drama in the media about it. |
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What's going on? Why am I called so many times 🤣?
It's clear already. I was simply amused that someone who confesses to being an alt, distrusts JollyGood and has on his trust list those clearly opposed to him, which raised some questions that have now been clarified. -snip
I'm looking forward to hearing about this new project, JJG. |
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Right now we are in the uncertainty area: the bear market may or may not have ended.
I'm not saying that the bear is or is not over, but we're only like what? Almost 30% up from the lows? And you're already trying to make conclusions that the bear is over? It's very common to see price increases(sometimes even 2x's) in bear markets.
Yeah, too soon to say it is over. The current situation suggests that the most catastrophic predictions will not come true. The ones that talked about the price going down to $15k, and even to $10k. In addition, there is a general improvement in the markets, which affects the price of Bitcoin. If it continues like this, I think the worst of this cycle will be over, but I do not expect great joy until the next cycle. |
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Well, that's pretty typical. Certain governments make a disastrous management and to blame for their ills they always look for an external enemy. In this case, blaming Bitcoin for things like inflation, which has been historically high in the country, is laughable. The bad thing is that this type of attitude on the part of governments does not solve anything, but tends to make things worse, as in Argentina. Good luck to those of you who live there. |
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It's not dead, but with the European Union's penchant for regulating everything and imposing more and more taxes, don't expect the private sector to be very buoyant in the future. If you have countries like France with a public sector that accounts for 60% of GDP and in others like Spain or Italy that exceeds 50%, the most profitable in the European Union if you plan to start a business is that your customers are public administrations, and for that you need contacts and suckers.
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This story proofs again that you should never just rely on one source. You should put your money in Bitcoin, Bank account and maybe some other assets. If you only have one, even if it is bitcoin you can get in huge trouble. This was always the same, even before bitcoin did exist.
I think the same way, and act the same way in fact. Having everything in Bitcoin, or everything in cash, seems crazy to me. Just as it is good to diversify your sources of income, it is good to diversify what you accumulate. Some cash, bitcoin, RE, something invested in the Stock Market and something else gives you much more security than if you have it all in the bank, or all in Bitcoin. |
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I despise banks and have never seen the point in keeping your money in the bank account.
What I don't see the point is to have a lot of money, like millions, and have it all in cash. In your house, no matter how safe you think it is, it can be stolen, or there can be a fire and it can burn. And with every single story like this that I get to read, I get one more confirmation that storing your savings in the bank is a big risk. Too many times in the history banks screwed their own customers up, so why help them continue doing this?
What I don't quite understand about the story is why I couldn't pay the hospital bill by credit or debit card, bank transfer or check. Normally when restrictions like that have been put in place as happened in Cyprus around 2013, the restrictions are on cash, but you can still pay by other means. |
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