Now we all have seen that Bitcoin reacted really well to the recent events, especially China's cryptos ban and Evergrande's crisis.
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You got it all wrong. A ban in China means nothing since it has been clamping bitcoin trading and even some mining operations and the market already knows that. Regarding Evergrande, bitcoin can only go up as it is a protection against crisis, particularly those created by massive defaults. Bitcoin has simply responded to the crypto exchanges clampdown in South Korea, which is actually a relevant actor. The Evergrande crisis is perfect and is something the market should actually appreciate positively for crypto. Some may find this piece informative.
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It appears china has an outstanding $8.2 trillion LGFV (local government financing vehicles outstanding) bubble to rival the united states student loan or housing bubbles.
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My interpretation of this data is quite different. Firstly, the fact that there is debt does not mean there is a bubble. A bubble is created when stuff is bought for the only reason of selling it more expensive to someone else. You may argue that there might be a credit risk, but these loans against vehicles are quite different from loans against houses particularly coming from the gov. which would endure even massive defaults or print a bit of cash. |
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As the fumes from the Pandora Papers are still in the air, the EU has seen fit to withdraw from the Tax Heavens list countries such as Samoa, Fiji, Trinidad y Tobago,... Particularly interesting the case of Anguila, with a corporate tax of 0%. As a tax paying citizen I am very disappointed with the minimal requisites that the EU is requiring from these countries. A global tax of 15% should be required to be considered for business as an equal. They are just happily feeding the pirates and doing it as there is more hard proof of how are these jurisdictions being used. https://www.theguardian.com/news/2021/oct/05/eu-action-against-tax-havens-is-inadequate-say-meps#:~:text=The%20EU%20tax-haven%20list,US%20Virgin%20Islands%2C%20and%20Vanuatu.Do not get me wrong, if you want to live in a Tax Heaven, you are free to do so. What I do not find ethical is living on a country that provides services and fits your living style and then evade. You want to get taxed in Anguila? Perfect, just go live there and enjoy. |
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I believe that there will be many answers Bitcoin is, that understandable because this is a forum about Bitcoin, but it will only run properly if we do it for the long term, gold and stock can also be chosen to protect from inflation Banks are a good protection to inflation but the problem is there is close to zero profits with banks so it's not a good thing to go that route for inflation protection
We cannot protect from inflation with just by putting money in the bank, the amount will remain the same but the value will decrease as inflation increases. Exactly, that would be the perfect way to NOT being protected from inflation, as you money would be worth less each time. The problem is quite obvious if you understand what inflation is. There is however one chance to protect by using banks, and that is if the deposits offer a yield higher than the currencies inflation, but that is something I have not seen in any major currency since the 1990s. |
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Surely Spain is denying themselves tax revenue from a valid past time. I'd rather they tax betting in some form, allow business to advertise itself and reduce the load on vital natural businesses and people from excessive taxation and government debt which every modern western country seems to have in modern times.
The world is now a civilized place that every country would want to socialize its citizens except for the countries that are govern by detectors, last I check Spain doesn't have any similarities of China and some hard-core countries who restrict people in many things. Gambling is one of the biggest industries where revenue are been generated, they can't choose to ignore the impact on the economy but regulation would have been better for the safety of everyone. The government that has always been about their pocket are claiming to be protecting her people, odd system of government. While a socialist party led coalition governs Spain at the moment, it has nothing in common with China or other authoritarian regimes - Spain is a democracy that works reasonably well, laws and rules are followed and got realistically free elections, like most western European countries. When you speak of Socialism in Europe you are talking about social democrats not about Marxism, Stalinism or the like. |
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Yes, the simplicity and mechanics of the game isn't hard to understand and everyone has a chance to win on it. Whether you're a beginner or an expert in gambling.
The chance has always been the same.
That is why dice will still exist until now, even in the crypto gambling site. We see many crypto gambling sites have this dice game but with different interfaces to attract more gamblers to enjoy their game and trying to win. Even if they lose some money, they will come back to play again. Every person who plays dice will have their chance to win, but they should know that they also have an opportunity to lose their money and the worst is they lose all of the money without realizing it. And will keep on existing because of how easy it is and it's very open to everyone for which doesn't choose yours status, a newbie or not. The reason for why someone keeps on coming back is because of how catchy the game is. Despite being very simple, it's catchy and thrilling which creates an idea if you're lucky or not. Basic games can be called the beginner-friendly gambling game, but this kind of game if we play too much this gives us more enlightenment about getting complicated like what are the possible odds to win this game which is might get riskier to make a decision unlike you didn't totally understand how it works. Even the dice game all you need is to predict the outcome if it's even or odd but of course this becomes more complicated with the use of stats and probability of the outcome of the dice, if you are playing with a dice throw there's a chance you can manipulate the throw but if you are playing dice with the use of randomizer I guess its too hard to win against on it. Dice are much to random for me. My inclination is to get involved in games in which I can progressive learn and be more efficient. Even if these are more complex or are more related to statistics, I do not mind, I just like the experience of understanding the game better each day and to be able to get more proficient. Thus, I mostly join games that are played against human opponents. |
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If you want an honest opinion on the matter, what I see about this is that there is really nothing that I can see that would influence sports as far as cryptocurrencies are concerned. Right now Bitcoin and the major cryptocurrencies are currently confined to betting in sports. Nothing in the part wherein the major coins themselves will sponsor the said sports events and that is highly unlikely as the major sports corporations still has tons of cash that they can use to organize the events.
Too early to say in short but we could really see the potential but for now then it isnt really that much giving out some impact but at least we are seeing some glimpse that it could really be possible but not for now. Its true that they do still have lots of cash for them to organized events.For now we do still stick on online casinos kind of application but talking about sports then it isnt really still that much of relevant. I think they may influence sports but most of all they influence the betting business around the sports. There are many factor that contribute to this: some people made quite a bit of money with bitcoin and there are happy to enjoy playing with it. Also, some dedicated sites accept crypto, which makes it even easier to play. Finally, promoting these sites in Bitcointalk is very straightforward and cheaper than other options. |
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The good thing about the Spanish League this year is that with the mains teams deprived of the most glamorous super-stars, the teams have to learn how to play with what they have instead of realying on the same old tricks. I think that this opens the panorama a creates a much more interesting scenario than last year and makes betting more interesting than usual.
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Hi everyone, I just created a new account here to learn more about bitcoin. I also like to play poker and I'm wondering if there are any good and trustworthy online bitcoin poker room out there? Thank you in advance!  There is no shortage of poker rooms and many other games that you may be interested in. I have seen others have given you a few IPs and sites, so I am just adding some basic advice: read carefully the terms and conditions. I know these tend to be lengthy but at least make sure you understand the fees and the minimum withrawals and any other term that may affect the financials. Other than that... DYOR as usual in crypto. |
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You have legal and regulated gambling, widely accepted and accessible at every corner. In fact, betting shops are within the 5 most frequent you may find on a walk around any street and more if the street is in a poor area of town. You can also access all types of illegal or barely legal gambling all over town, mixed with drugs and sometimes paid sex offers. So... it is legal and if it were not, there would be no shortage of offers.
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Because they have to make a living bro! Just joking, 50$ for such an small amount is completely unreasonable, my take is that they take by default a high fee on regards of the likely costs of transaction and they assume those will be very high. If not... great for them.
The other posters have given you a solution, but doing some shopping for lower tariffs or a more considerate exchange would be advisable for yourself and to send the right message to the exchanges.
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All those people who were too old and got cold, all the people who needed to keep their medicine in a cold storage like fridges, all those hospitals and so forth basically people who are in need required to pay insanely higher amounts and went into debt just to survive and not die. It is a horrible situation that shows how horrible capitalism could become, but it also means energy sector always makes a profit no matter what.
Yeah well... agree on the basics, capitalism creates a divide and that divide can get quite strong in countries such as the UK - besides the fact that the concept of "classes" and "station in life" are concepts that are historically well imbricated in the collective conscience of the Brits. Sometimes I think they just feel confused when they cannot put someone or something into a class or category so that they know how to deal with it. Short of animals classing others as food, threat or symbiont. However, the energy industry does make losses from time to time. Like commodities, energy is quite cyclical in its nature and there are times in which gas, oil, carbon and other fuel producing companies go under due to excess offer. |
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The guy is probably right. The price of Energy has to be super-competitive to allow a profitable mining of bitcoin. It is pretty much all you really need for a mining operation (the hardware costs the same more or less for everyone) so this looks more like an investment "for the future". To be honest, the quantities we are talking about are ridiculous for even an small country.
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Thanks for the link. If it is in Bitcoin Discussion, I assume that it is on how this topic relates to bitcoin, so I am going to leave it here as well since it seems an Economy related matter for me. Is this different than the Panama Papers? That paper too got some big names in their lists too. This paper here and the people on the list is the reason why you don't trust the elites and that the only way to move forward is shake the hierarchy and let them all fall down. We need to open our eyes regarding this one because this is a clear evidence that they're all leeches and the taxes only came from us the working class.
Yes it is. Have a look at the links and see that the amount of documents, information and the people involved is massive and larger than the Panama papers. |
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While the common guy is subject to taxes with no loophole or hideout, many of the wealthy around the world go about their business in a completely different way: not paying taxes. The Pandora Papers, a recent journalism work, shows factually, with names and dates how this is happening while you pay your taxes. Please, note among the names the Queen of England (curiously, not under "Royalty"). https://www.bbc.com/news/world-58780561The Pandora Papers is a leak of almost 12 million documents that reveals hidden wealth, tax avoidance and, in some cases, money laundering by some of the world's rich and powerful. The files expose how some of the most powerful people in the world - including more than 330 politicians from 90 countries - use secret offshore companies to hide their wealth. https://en.wikipedia.org/wiki/List_of_people_named_in_the_Pandora_PapersHeads of state
Jordan Abdullah II, King of Jordan[3]
Dominican Republic Luis Abinader, President of the Dominican Republic[4]
Azerbaijan Ilham Aliyev, President of Azerbaijan[5]
Montenegro Milo Đukanović, President of Montenegro[6]
Kenya Uhuru Kenyatta, President of Kenya[6]
Ecuador Guillermo Lasso, President of Ecuador[7]
Gabon Ali Bongo Ondimba, President of Gabon[6]
Chile Sebastián Piñera, President of Chile[6]
Republic of the Congo Denis Sassou Nguesso, President of the Republic of the Congo[8]
Qatar Tamim bin Hamad Al Thani, Emir of Qatar[9]
United Kingdom Elizabeth II, Queen of the United Kingdom[10]
Ukraine Volodymyr Zelensky, President of Ukraine[11]
Former heads of state
Paraguay Horacio Cartes, former president of Paraguay[12]
Colombia César Gaviria, former president of Colombia.[13]
Peru Pedro Pablo Kuczynski, former president of Peru[12]
Honduras Porfirio Lobo Sosa, former president of Honduras[12]
Panama Ricardo Martinelli, former president of Panama[12]
Colombia Andrés Pastrana, former president of Colombia.[14]
Panama Ernesto Pérez Balladares, former president of Panama[12]
Panama Juan Carlos Varela, former president of Panama[12]
Heads of government
Ivory Coast Patrick Achi, Prime Minister of Côte d'Ivoire[15]
Czech Republic Andrej Babiš, Prime Minister of the Czech Republic[16]
United Arab Emirates Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister of the United Arab Emirates and Emir of Dubai[9]
Lebanon Najib Mikati, Prime Minister of Lebanon[17]
Former heads of government
United Kingdom Tony Blair, former Prime Minister of the United Kingdom[18]
Italy Silvio Berlusconi, former Prime Minister of Italy[citation needed]
Hong Kong Tung Chee-hwa, former Chief Executive of Hong Kong[19]
Hong Kong Leung Chun-ying, former Chief Executive of Hong Kong[19]
Lebanon Hassan Diab, former Prime Minister of Lebanon[20]
Heads of organizations
United Nations Dominique Strauss-Kahn, former Managing Director of the International Monetary Fund.[9]
Politicians
Honduras Nasry Asfura, current mayor of Tegucigalpa.[21]
Israel Nir Barkat, former mayor of Jerusalem and current member of the Knesset[22]
Brazil Roberto Campos Neto, president of the Central Bank of Brazil[12][23][24]
Mexico Jorge Arganis Díaz Leal, Secretary of Communications and Transport[25]
Ecuador Jaime Durán Barba, consultant of former President of Argentina Mauricio Macri[12]
Brazil Paulo Guedes, Minister of the Economy[12][23][24]
Netherlands Wopke Hoekstra, Minister of Finance and Leader of the Christian Democratic Appeal[26]
Serbia Siniša Mali, Minister of Finance and former Mayor of Belgrade[27]
Argentina Zulema María Eva Menem, former First Lady of Argentina and daughter of former president of Argentina Carlos Menem[12]
Argentina Daniel Muñoz, secretary of former president of Argentina Néstor Kirchner[12]
Israel Haim Ramon - former Vice Prime Minister of Israel and former member of the Knesset[28]
Mexico Julio Scherer Ibarra [es], former advisor of Mexican President Andrés Manuel López Obrador[12]
Pakistan Shaukat Tarin, Finance Minister of Pakistan[29]
Pakistan Moonis Elahi, Minister for Water Resources[30]
Malaysia Daim Zainuddin, former Minister of Finance and Chief of the Council of Eminent Persons (CEP)[31]
Philippines Andres D. Bautista, former Chairman of the Commission on Elections and Chairman of the Presidential Commission on Good Government[32]
Philippines Rolando Gapud, businessman and former associate of the late dictator Ferdinand Marcos[33]
Philippines The family of Win Gatchalian and Rex Gatchalian, Senator of the Philippines and current mayor of Valenzuela City[34]
Philippines Arthur Tugade, Secretary of Transportation[35]
Philippines Dennis Uy, businessman, Honorary Consul of Kazakhstan to the Philippines and business associate to Philippine President Rodrigo Duterte[36]
Sri Lanka Nirupama Rajapaksa, former Deputy Minister of Water Supply & Drainage[37]
Royalty
Morocco Lalla Hasnaa, Princess of Morocco[9]
Businesspeople
India Anil Ambani - Indian businessperson[38]
Mexico María Asunción Aramburuzabala, Mexican businessperson[12]
Australia Graeme Briggs - founder of the Asiaciti Trust.[39]
Mexico Germán Larrea Mota-Velasco, Mexican businessperson[12]
Montenegro Aco Đukanović, Montenegrin businessperson[6]
Montenegro Blažo Đukanović, Montenegrin businessperson[6]
India Nirav Modi - Indian businessperson[38]
Brazil Antonio Jose, vulgo Pai, Construction Tycoon[12]
India John Shaw - Indian businessperson[38]
Israel Beny Steinmetz - Israeli businessperson[38]
Mexico Olegario Vázquez Aldir, Mexican businessperson[12]
Japan Masayoshi Son, Japanese billionaire technology entrepreneur[40]
Philippines The Aboitiz family, Philippine businessperson[41]
Philippines Joselito Campos, Jr., son of Jose Yao Campos, Philippine businessperson[42]
Philippines Helen Dee, daughter of Alfonso Yuchengco, Philippine businessperson and banker[43]
Philippines The Gaisano family, Philippine businessperson[44]
Philippines Oscar Hilado, Philippine businessperson[45]
Philippines The Tantoco family, Philippine businessperson[46]
Philippines The Wenceslao family, Philippine businessperson[47]
Philippines Enrique K. Razon, Philippine businessperson[48]
Philippines The estate of Henry Sy including his children Teresita Sy-Coson, Philippine businessperson[49]
United Kingdom Mohamed Amersi, British businessperson[50]
Other
Italy Carlo Ancelotti, Italian football manager[51]
Spain Miguel Bosé, Spanish singer[52]
Argentina Ángel Di María, Argentine football player[53]
Spain Pep Guardiola, Spanish football manager[51]
Spain Julio Iglesias, Spanish singer[51]
South Korea Lee Soo-man, South Korean record executive and record producer[54]
Germany Denmark Corinna zu Sayn-Wittgenstein-Sayn, German-born Danish princess and entrepreneur[55]
Germany Claudia Schiffer, German model[56]
Colombia Shakira, Colombian singer[51]
India Sachin Tendulkar, Indian Cricketer[38] EDITED TO ADD: This is another thread on the Bitcoin Development on this same matter. I keep this one because the Economy section may benefit from a discussion. https://bitcointalk.org/index.php?topic=5363798 |
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I opened a thread to discuss the problem not that long ago. What I got from it is that you would likely need some short of intermediary to make it work, call it a bank or a rating agency and certainly a legal system that can enforce contracts outside the blockchain. Crypto in that sense is not that powerful, but the good nes is that you can build a system on top that works as good or perhaps better than current banking systems. https://bitcointalk.org/index.php?topic=5357200.msg57814452#msg57814452 |
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I have heard a lot of people talk about success and almost all of us are chasing after it, with the intention of making it right.
Most of us also want to venture into them without getting the rudiment and fundamentals of the business and investments before engaging in them. So a factor or several factors are been considered before and for a more renounced performance called (Success), so what is most important to an individual, company, or organization to consider before investing to attain the desired height of success?
Is it KNOWLEDGE or CAPITAL, or even BOTH?
Both, however, if you can choose one, choose knowledge - the practical kind. It is very simple, if you have knowledge you can always convince people with capital to pay you a commission for investing or providing advice (I know, this is very simplistic). You will have to show proof that you can effectively use your knowledge to make money and can be trusted and gain from it. In the opposite case... and fool and his money soon part ways. |
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I think I've heard some complaints about this before it's like some people are jealous to those early adopters because they are millionaires nowadays but the fact that most of them sold their Bitcoin early this doesn't count as them one of the millionaire....
Not the point at all. This is not related to early investors that sold their bitcoin, this is more about people that sell quick for a quick profit. The early adopters are probably well-off and I am happy, perhaps grateful, that they started all this. If people sell because they need the money short term, it is very likely that they should have never bought in the first place. Do not invest what you are going to need in the short term. Again, if you sell, you are out. If there is any future for this, you are not in it. |
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This may seem very obvious, but some people do not seem to clearly understand what selling means. For example, I know a few people for a mid-size village that, during a housing boom, sold quite a bit of land to developers and made a development plan that was pretty much crazy (high rise on small streets, minimal walkways, no space for public services, ...). They were very happy about getting the money. Now, all I hear is complaints about how many disgusting people that are not born there came to live to "their village".
When you sell, is no longer yours. When you sell your bitcoin for more than you paid, you may be happy about it, but unless you have an investment to make or would like to buy something else, all you have left is... fiat. And fiat finds its way out of pockets very quickly.
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This forum is a lot about removing FUD and disseminating truthful information about bitcoin and crypto. Personally, along my journey, I have experienced a personal progress from being sceptical, to being interested, to being wrong and to start getting things right. As of now, the only thing I regret is that it has taken me some time to get rid of FUD as I do not like simple explanations nor believe anything until I can check it for myself.
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Si efectivamente depende de la energia geotermica de un volcan es una propuesta interesante. La cuestion es que mines como mines bitcoin siempre vas a poder optar por una fuente engetica limpia y renovable si asi lo quieres, pero hasta que la energia de fusion no sea comercialmente viable, tenermos un problema con los costes asociados. Para tener una opinion tendria q conocer bien los costes.
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