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2861  Economy / Gambling discussion / Re: ODI cricket and general cricketing discussion [self - mod] on: November 27, 2020, 04:32:41 AM
There is another option to view this match on Sony LIV. If you have Flipkart super coins then you can redeem them to watch this streaming platform for a month. I did it to watch few webseries last month. I exactly do not remember how many super coins you need but it was somewhere in the range of  200- 300.

If you take one month subscription, then you may need to renew it once, as the test match series will be played in December-January. But the rates look reasonable for me. Anyway, for those who can't afford even these rates, they always have the option of watching them on JioTV.

BTW, Australia is off to a very good start. Shami has started well for India, but Bumrah and Saini are yet to find their proper line and length. Both Warner and Finch looking confident against the pacers. I believe a score in excess of 300 is in offer here.
2862  Bitcoin / Bitcoin Discussion / Re: Bitcoin will be used instead of paper money on: November 27, 2020, 04:12:31 AM
I am surprised that some of the users are still considering Bitcoin as a currency. Nowadays, Bitcoin is behaving more like an investment asset and it can't be considered as a currency. In order to qualify as a currency, it needs much greater acceptance, quicker confirmations and lower fee. Until that happens, Bitcoin will be mostly used as a speculative investment asset.
2863  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: November 27, 2020, 03:53:23 AM
If Australia prepares bouncy pitches it will affect them as well as India has one of the best fast bowlers in world cricket and considering the damage Jasprit Bumrah and Mohammed Shami could do in favorable pitch condition, they will think twice about that Tongue.

Absolutely true. The Australian should be wary of the Indian pace attack, rather than the Indian batting lineup (minus Kohli). Apart from Siraj, all the other four Indian pacers are capable of bowling at around 140-145 kmph. And apart from Smith/Warner/Labuschagne, the other Australian batsmen are not in that great form. It would be a safer option for the Australians to prepare flat tracks.
2864  Economy / Exchanges / Re: Coinbase the most anti-Bitcoin organisation. Make #DeleteCoinbase great again on: November 27, 2020, 03:43:26 AM
I am not sure whether we can blame Coinbase here. There is no doubt that their move will negatively impact a lot of cryptocurrency users. But even if they refuse to sell this Blockchain analysis software to IRS and DEA, don't you guys think that the authorities will get a better version from somewhere else? If Coinbase refuses to help them, then they will get the necessary help from somewhere else. How long does it takes, to create such a software if the technical expertise and funds are available?
2865  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: November 27, 2020, 03:33:53 AM
This is real steal because ICL was on and they started this all with huge money and good management some reall big names was also doing good marketing for them as BCCI check first edition they start their own plan as Lalit Modi was also really good even he was some corrupt and greedy but started very good on good time which is now Gold Mine for BCCI after Australian Cricket Board BCCI mean business these two boards are doing all this for good money but India is going with big advantage of big market in cricket.

It was Subhash Chandra who came up with the ICL, because the BCCI under Srinivasan and Sharad Pawar would award TV rights only to their cronies. BCCI never expected the ICL to be successful, but it was able to generate a lot of revenues. Ego was hurt and the BCCI decided to destroy the ICL once and for all, by starting a league of their own. So they revived the idea of a franchise based league, which was discarded multiple times earlier. In the end, it turned out to be a boon for the BCCI. The IPL now accounts for the majority of the BCCI revenues.
2866  Economy / Gambling discussion / Re: ODI cricket and general cricketing discussion [self - mod] on: November 27, 2020, 03:21:51 AM
And it begins..

Australia won the toss and opt to bat first. Average score is 310 so we could except high scoring games unless Indians bowling exceptionally well.

Quote
Australia (Playing XI): Aaron Finch(c), David Warner, Steven Smith, Marcus Stoinis, Marnus Labuschagne, Glenn Maxwell, Alex Carey(w), Pat Cummins, Mitchell Starc, Adam Zampa, Josh Hazlewood

India (Playing XI): Shikhar Dhawan, Mayank Agarwal, Virat Kohli (c), Shreyas Iyer, KL Rahul (wk), Hardik Pandya, Ravindra Jadeja, Mohammed Shami, Yuzvendra Chahal, Navdeep Saini, Jasprit Bumrah

WoW!!! Waiting for so many months and finally we can witness some high quality action live on TV (for me live on my laptop screen). I can see that India have opted for Bumrah/Shami/Saini. Very strong pace attack, but still I want to see how Saini (the least experienced of the bowlers) perform in Australia against top quality batsmen. This is a big test for him.
2867  Economy / Speculation / Re: Bitcoin dominance hits 65%, alts lagging behind on: November 27, 2020, 03:10:27 AM
Yep! It was way below 50% most times, and then when it was below 40 the Flippening talk happened (remember that ETH 1.0?) but that never lasted long. It's always been Bitcoin first, and last, just odd times every now and then when hype pushes some of the crap to the top for a while and we forget how bad it smells:P

A lot of inaccuracies in your post. The "Flippening" talk emerged during mid-2017, when BTC was considerably weakened by the BCH hard fork. At that time, there was only around 2% difference in the market dominance for both BTC and ETH (If I remember correctly, 35% and 33% respectively). But a few months later, BCH weakened and this enabled BTC to stabilize at around 40% level. At this point the rally started, which took Bitcoin to ATH level of $20,000.
2868  Economy / Economics / Re: Paypal bought up to 70% of all the newly mined bitcoin recently on: November 26, 2020, 11:40:18 AM
This is a long term strategy that will eventually pay off big corporation operate in a long haul or long term they want to by as much as they can at this price because they already know that many institution and corporation are coming and they want to have an edge in the competition, I'm pretty sure they have many plans in the long haul.

That may be strategy behind PayPal's move, but let's not forget that it was FaceBook which ventured first in to the cryptocurrency sector. However unlike the conciliatory approach by PayPal, FB's stance was far more hostile and they wanted to introduce their own version of crypto. Anyway, the fact that PayPal made this move despite knowing about the negative outcome of Libra proves that they are confident of Bitcoin's future potential.
2869  Economy / Speculation / Re: Bitcoin shoots past $19,000 as new ATH awaits on: November 26, 2020, 11:30:48 AM
We don't want to see the price drops to $16,900, but we can not do anything if the price really drops to that price. We can only buy back more bitcoin and hold it for a while until the price can increase again. I hope that the price can stay at a price now, and not drop too deep than the price now. Or the price can drop but not too deep from $16,000. Be patient, I am sure that you will recover your losses when the bitcoin price increase.

All the cryptocurrencies are down. The altcoins have gone down even more than Bitcoin. Ki Young Ju of CryptoQuant says that this sort of correction was expected before Bitcoin could move to a new ATH. Anyway, the trigger for the latest crash seems to be the statement from Brian Armstrong of Coinbase. The prices crashed immediately following this tweet from him:

https://twitter.com/brian_armstrong/status/1331744884856741888
2870  Economy / Speculation / Re: Bitcoin dominance hits 57.7%, alts lagging behind on: November 26, 2020, 11:20:54 AM
As of 26th November 2020:

Total market cap: $513,959,058,731 (+12.53%)

Bitcoin: $321,798,016,048 (62.612%)
Bitcoin forks: $8,732,802,837 (1.699%)
Stablecoins: $23,269,931,501 (4.361%)
Altcoins: $160,158,308,345 (31.329%)

This is the change compared to my last post:

Bitcoin: -2.404%
Bitcoin forks: +0.013%
Stablecoins: -0.285%
Altcoins: +2.677%


As of 16th November 2020:

Total market cap: $456,729,511,960 (+18.01%)

Bitcoin: $296,945,865,759 (65.016%)
Bitcoin forks: $7,702,124,359 (1.686%)
Stablecoins: $22,156,216,470 (4.646%)
Altcoins: $129,925,305,372 (28.652%)

This is the change compared to my last post:

Bitcoin: +3.873%
Bitcoin forks: -0.442%
Stablecoins: -0.337%
Altcoins: -3.093%
2871  Economy / Economics / Re: Hoping that its the end of corona virus on: November 26, 2020, 11:10:32 AM
I think there are very few countries that are corruption rate is much lower. The progress of a country is heavily reliant on its leader. But also needs to do our job for being a responsible member of our society. Only blaming politicians will not solve anything. At first, we need to change ourselves. If we keep a social distance from the beginning this pandemic would never be caused so much problem.

There is no point in blaming the politicians, when citizens refuse to follow the orders. In many parts of the world, the request for maintaining social distancing and wearing of masks were ignored. If people had abided by the instructions, then at least the rate at which the pandemic spread through the general population could have slowed down.
2872  Economy / Economics / Re: After 1 year of Covid 19 Virus on: November 26, 2020, 11:02:49 AM
the spread of this virus is very fast so that the whole world can be exposed to this deadly virus, but you must know that some worlds now have a vaccine which in my opinion can suppress and possibly stop the spread of the virus, and in China when the spread of this virus started to recover. and there is no more corona virus there, even though the people still apply health protocols.

The same health protocols are in place everywhere. And that makes me suspicious about China. They have recovered so fast from the pandemic and no new cases are being reported from there. But none of the other countries have managed to do the same. What is this? Some sort of magic? What has China done, that the other nations are unable to do?
2873  Economy / Economics / Re: Venezuela Planning New 100,000-Bolivar Bills Worth Just $0.23 on: November 26, 2020, 07:02:25 AM
This is the truth, it seems that many people in Venezuela believe that if Chavez was still alive things will be better but that is not true, the system was the same and the problem that the people of Venezuela are facing is systemic, they depended in a very high price for oil and for a long time this happened so it seemed as if their system worked, but they never saved a single penny of their oil profits and when the price went down their system became unstable and impossible to maintain.

The high oil prices prevailed for a long time, but the Venezuelan regime never bothered to build a rainy day fund. They splurged all that money on various expenses (some of them needless). Other oil producing countries such as Russia and Norway saved a part of the oil revenues for future usage, and you can see that these countries have fared much better when compared to Venezuela.
2874  Alternate cryptocurrencies / Altcoin Discussion / Re: Shitcoins are complete shitcoins this time around on: November 26, 2020, 06:54:25 AM
I have stated this earlier as well. Right now more than 10,000 different altcoins and tokens are in existence and it is not possible for these many different cryptocurrencies to survive in the long term. More than half of them are already dead or dormant, and are not traded in any of the exchanges. Even then, the vast majority of the remainder doesn't have any particular use. They are just used for trading. Apart from that, they have no other usage.
2875  Alternate cryptocurrencies / Altcoin Discussion / Re: Investing my $2000 to altcoins instead of Bitcoin on: November 26, 2020, 06:46:14 AM
There are a few altcoins which looks like having future potential to me. But the problem is that even these coins are heavily overpriced. With the recent price rise for ETH and XRP, they are looking very unattractive. On top of that, altcoins such as ETH are facing issues related to their development. I would rather stick with Bitcoin, rather than taking the risk of investing in altcoins.
2876  Alternate cryptocurrencies / Speculation (Altcoins) / Re: XRP price Hit $0.9, suddenly goes down in second on: November 26, 2020, 06:23:10 AM
Always keep in mind that Ripple is one of the most manipulated coins currently available at the cryptocurrency market. Only a small fraction of the XRP total supply is available as free-float. The remainder is being kept in cold storage. When these coins come online, the exchange rates can crash by 90% or even more, in a matter of few days. I would stay away from this coin like plague.
2877  Alternate cryptocurrencies / Altcoin Discussion / Re: How do you determine if an altcoin is worth investing in? on: November 26, 2020, 06:12:38 AM
I first look at the project team, if they do not show their faces and do not link to their profiles, then this is the strongest sign of a scam. I also look at the site, if it is done badly, then I do not invest in such a project.

In some genuine cases, the project team prefers to remain anonymous and it is not a big deal. But I have seen instances where fake profiles are created and then presented as the project team. This is a major red flag and it confirms that the project is a scam. But it takes a lot of research to flag such fake profiles. By the time the profiles are flagged, the ICO funding round may be over.
2878  Economy / Economics / Re: PayPal to allow cryptocurrency buying, selling and shopping on its network on: November 26, 2020, 04:36:35 AM
PayPal can't just ignore and afford to lose those transaction fee, just look at the growth of Square, the growth has been superb and I believe this is what makes Paypal to look into Crypto seriously, if Paypal can do 80% of Binance.us in weeks, then they are set to seriously compete for market share. All these is very good for crypto in general if we look at how we started

PayPal is having somewhere between 300 million and 400 million active registered users. This sheer number is driving the demand for now. Even if 1% of this number decides to invest $20 or $50 in Bitcoin, the resultant volume is huge. But for now, let's not compare PayPal with Binance. They are not offering any exchange service for now. The PayPal platform can be used only for the purchase and storage of Bitcoins.
2879  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: November 26, 2020, 04:12:25 AM
I think the decision to have 4 foreign players in the squad is the perfect decision. Because the main goal of BCCI is to find talented young players. And after every IPL we can see BCCI has got a lot of young talented players. As a result, the idian squad is always strong. I agree with you, older players should be avoided. And young players should be given more opportunities. Because the youngsters will lead the next Indian team.

I would personally go for a 5 player per team limit for foreign players. It would mean that low quality players such as Kedar Jadhav, Piyush Chawla and Dinesh Karthik are weeded out from the playing XI. Right now the limitation of 4 overseas players is only benefiting these oldies and not any younger player. Also, there are plans to increase the number of teams from the current 8 to either 9 or 10, and that should give room for fringe players.
2880  Economy / Gambling discussion / Re: Argentina raises Gambling tax on: November 26, 2020, 04:01:12 AM
If we are not in a pandemic and Argentina's economy is doing great, and they increase online gambling tax by that percentage we can call that unfair, and not right. But Argentina is one of the worst-hit by the pandemic, and they need all the money they can get to sustain the economy and give help to heir people, and online gambling is one of the industries that can help, so we should look at gambling sites coming to the rescue of their economy.
Maybe after this pandemic is over they can reduce the tax again when everything is back to normal.

No one is having any doubt regarding the precarious pandemic situation in Argentina (or for that matter any other country). But the question is whether this was the right approach or not. The casinos are also not doing that great. At this point, if they increase the taxes, then it can destroy them. And if there are no casinos, then instead of an increased tax, the government will be receiving zero taxes.
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