Let's share our thoughts on this matter.
Is there something new that we don't know but they guy does ? Is the government thinking about making it illegal ? Are they using cryptocurrencies to track people?? A lot of questions about this !? It is an well envisaged matter! That's the reason why governments around the world has implemented KYC to any legal financial businesses. The aim is to identify the people if needed! So it's no wonder that government has the ability to track you under any circumstances! So I believe what Ron is saying is correct! The government may not ban it outright but there are possibilities that government will track any out of the box transactions through a legal crypto exchange! |
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In a recent Twitter post on 5th December, MicroStrategy announced a purchase of additional 2,574 Bitcoin worth $50 million. Michael Saylor, Founder and CEO of MicroStrategy, confirmed the purchase. With Bitcoin surpassing its ATH previously, this news does not come as a surprise. MicroStrategy is a business intelligence firm based out of the United States. It has continuously shown a bullish attitude towards the crypto king, Bitcoin. For more detail article link is given below :- https://bitcoinworld.co.in/microstrategy-strengthens-its-bitcoin-game-invests-addition-50m-in-btc/If I am not mistaken, this is the 3rd phase of purchasing bitcoin for them! Microstrategy is taking a huge risk as they are pouring a lot of money into bitcoin! It can either fetch them a lot of profit or can land them in a mess! Time will tell what would that be! But considering the volatility, it's a huge risk for an organization! But such kind of purchase will certainly strengthen the bitcoin ecosystem as more liquidity will flow into it! Good for us! |
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I hope most of you already known about this matter that Indian government wants income tax from bitcoin holder. Its means now indian income tax authority charge tax from all bitcoin or altcoin holder. If you have to work on crypto from india you have to pay tax. Now what do you think is it fair or not? Is others irregulated country make crypto legal by also taking tax.what do you is this possible? Source: https://www.coindesk.com/india-plans-to-tax-income-from-bitcoin-investments-reportI would say it's a good and necessary step! Because bitcoin doesn't have a legal definition in India and this step from income tax department may help in getting that legal things done for our betterment. At the end of the day, government wants revenue. So if Indian government sees that the tax income from cryptocurrencies is good enough, there may be a possibility of a positive policy around cryptos. Right now, the legality around crypto doesn't exist in India. This may help to fast-track that most awaited legal matters for us! |
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What do you mean by Alegal? Sorry, I haven't heard that word and don't know the meaning of it! I assume, it shows the favorability of bitcoin legalization through this word.
In this case, the map may be correct! However, if that's not the case, then this map is bound to be incorrect! We can think about the legality of bitcoin only when the lawbook of that country has a definition of bitcoin to it! I am sure, a lot of countries doesn't have that kind of legal definition around bitcoin/cryptocurrency. If that can be considered, the map would look pretty much red or yellow!
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It's more of a trick to attract foreign travelers into the gambling industry within Japan. It wouldn't benefit the gambling industry in general apart from some additional footfall from the foreign nationals. Also considering that Japan has already legalized bitcoin, it might also benefit cryptocurrency a little. But I personally don't think it ia a major reform!
But yes, let's wait for the full announcement and I hope someone will be kind enought to provide us with a little summary of the announcement in English!
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723,012,118
Username: avikz
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Today, I read a new in Decrypt.co about USA proposed bill would make it illegal to issue stablecoins in the US if not federal approval. It was proposed by 3 lawmakers: Rashida Tlaib, Rep. Jesús “Chuy” García and Rep. Stephen Lynch to manage the stable coin market. And it is aiming Tether (USDT) because as you know, USDT can't prove that behind 1 USDT is guaranteed by 1 real USD. And this news is released when Bitcoin is on a strong growth and want to break its old peak, this is quite similar to 2017 when Bitcoin reached 20k and after that , there were many bad news about Tethers at that time. And there is a speculation that it is a shark strick to other investors be fear and not dare to sell their Bitcoin at that time. Am I too suspicious? Hope to receive opinions from you guys!  There are some facts - 1. It is a proposed bill and has not yet became a law 2. USDT couldn't prove that they are backed by 1:1 USD However, USDT is the only cryptocurrency whose daily trading volume often exceeds its market cap. Even after people knowing the fact that USDT is not backed up by real USD at 1:1 ratio, people still uses this one and its adoption is increasing fast because of the convenience it provides to the traders. I don't think this is a shark trick just to make people worried about stablecoins because today we have many alternatives available. I know there are speculations because as soon as the market touches previous ATH, a lot of investors from 2017 will start selling -off their coins, especially those people who have burnt their hands investing in bitcoin. They are just desperate to recover their invested amount. So there will be a huge sell pressure which may drag the market down after reaching the previous ATH. These kind of tricks can work on only US investors, remaining countries will have no effect! Unless they spread a FUD that bitcoin will reach 50k in few months, there's no way people will stop selling their 2017 holdings! The threat is real! |
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If I am not mistaken, I had read their story earlier also but can't remember when and where! But this news is not new in any way!
I wouldn't say that living entirely on bitcoin is impossible but super risky! I joined bitcoin market when it's value was just $300, but I couldn't take such risk to liquidate my entire cash flow into bitcoin! I would have become a millionaire if I had done that, but couldn't accept the risk that comes with such kind if uncertain investment.
I am glad that a family had accepted that risk and doing just fine! Also they are promoting bitcoin in their own way. Fortune favors the brave!
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Hello, I made an account with fortunejack at 12-1-2020. Since 12-2-2020 I can't log in anymore because I don't receive an sms-code.
Another problem is that I can't create a wallet. I get the message 'system error'. I reported that in the chat (when I was still able to log in). They told me that they would respond via email, but I haven't heard from them since.
Can somebody please help me?
The fortunejack team members are active in this forum so if you haven't heard back from them since a long time, connect with the below profile, https://bitcointalk.org/index.php?action=profile;u=303298Also make sure you don't belong from a jurisdiction where gambling is legally banned! If that's not the case, I see no reason for such issues! |
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Indeed! JAPAN was the first country in the world to adopt and legalize cryptocurrencies. However, Asia is quite large and Japan, Korea or China doesn't represent the whole Asia. Becaus while Japan and Korea are the front runner in cryptocurrency market. There are regressive countries in Asia, who are still confused on what to do or busy in playing divide and rule politics!
The silver lining is that, despite the odds and regressive governance, people of Asia have adopted cryptocurrencies in a very positive way except few anomalies. I hope that with developments in pipeline, will somewhat change the dynamics of crypto market in Asia and with DBS adoption of cryptocurrency, will bring it to the common mass.
Fingers crossed!
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After running 4 years on Bitcoin blockchain, Chain-Bet.com has been re-written to run on Litecoin blockchain. It is a game that asks a simple question: What would be last digit of the block hash that includes your transaction? Players guess last digit of the block hash and bet on that. If the guess is correct, player gets back 16 times of the bet amount. As a promotional offer after our re-launch, the game is now operating at 0% House Edge. But, since our relaunch on September 01, 2020, we have not seen similar enthusiasm like we experienced 4 years back. This is somewhat disappointing. A provably fair game with 4 years reputation offering 0% House Edge is rare in gambling industry. Instead of burning money for advertisement, we are giving it back to our gamblers through 0% House Edge. So, what is stopping you from wagering on this game like before? Constructive criticism is welcome.  There can be two reasons only - 1. The game is not exciting enough to catch people's attention. Gamblers who wants to relax and enjoy some leisure time, would not play this game. Inly who focuses on making money, may try this out. But people really do like attractive visual inputs while playing in online casinos. 2. Reputation is another factor which gamblers monitor very closely. Your company is apparently not a registered casino (at least I couldn't find anything). So at this point, when a casino offers 0% house edge, gamblers would think that the casino will only make money out of people's pocket. Even though this factor doesn't have much impact, but still a factor to consider. |
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I do believe that we have yet another country whose recovery from the pandemic was linked to the online gambling industry. Thus I do believe that banning gambling is something that is not the solution rather the countries should look forward to regulate them. One can always engage in responsible gambling. Banning of gambling is not always a decision linked to economy. Rather it is a political and religious decision. That's why you will see many countries with authoritarian government banned gambling. But for these governments, votebank matters more than revenue. One prime example is India! Gambling is always a great cash cow for those countries who have regulated it. But unfortunately, religious and political matters have barred such great source of money! |
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Most time the over boring in the process of playing out slot on new casino site is due to the fact that when you spend so much time trying out new thing and games timelessly result in frustration. So the best thing to do is not to put in so much time to playing slots and other casino games.
Slots are better in physical casinos because it creates an environment. The sound of coins pouring, the visual and also sound of the slots rolling into action - always adds an extra excitement. No matter how hard online casinos try to replicate the same environment, I couldn't find any such immersive experience till date! That's why slot games are super boring - at least to me! Having fresh news games, especially skill based games is need of the hour! There is a big gap in online casino market and whoever can bring skill based games to the crypto gambling market, can and will create a big buzz! |
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Hello! I have an issue with paying Bitpay invoice. I opted with payment in ether and when I copied adress from Bitpay invoice to my wallet, it looked something like url link. I found it weird but I supposed thats what it should look like, since that is my first Bitpay payment.
I am now 3 days into my transaction with around 13000 block confirmations and still pending.
One thing I noticed is that my From adress (my Bitpay wallet) and To adress are exactly the same, meaning I am sending Eth to myself. Is that even possible and how did I manage that, I have no clue, I suppose "copy to clipboard" moment was key.
My question is, is my Ether coming back to me, when can i expect it to be confirmed and does this all make sense?
Thanks!!
Can you share the transaction hash here? Then we will be able to investigate the matter. Recently I have been seeing some complaints about Bitpay but I don't think this is the case here. If your transaction has aready received 13000 block confirmation, then it should not be pending now. People can indeed make a transaction where the "To and From" address is same so there's nothing unusual. The transaction hash may allow us to look at it. |
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I believe the next wave of the bull run is about to erupt as CEO of the biggest asset management firm BlackRock Larry Fink said bitcoin can evolve into global asset. There are more big guys from Wall street getting involved in bitcoin too. We won't possibly see any serious corrective retracement anymore. https://www.coindesk.com/blackrock-ceo-bitcoin-global-assetIsn't it already a global asset? Bitcoin was always a global asset but these big guys have now started to enter into this market. Hopefully, this bull run will not be similar to 2017. If the big pocket investors invest in bitcoin, the current price level will find some support at 19000 USD. I know a lot of people are still very cautious about entering into bitcoin right at this moment because of their past experience. Hopefully, this time it will be different! |
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I use a bitcoin service which has a bitcoin debit card. It allows me to send bitcoins there and these are converted into Euros and put onto a debit card. The way topping up works is that I state the amount I want to top up in euros and then a bitcoin address is generated it tells me the amount I need to transfer in bitcoins. I send the bitcoin amount to the address and then the account is topped up. Pretty much how most of these services work.
The other day I made a mistake and I accidentally sent the same amount two times to the same bitcoin address. I checked my account and my account was only topped up one time. I contacted the company to tell them about the issue and asked them to manually top up the missing second payment. They told me that its impossible and the funds have been lost and cannot be recovered.
I was able to find both transactions on blockchain explorer and I linked both transactions to them. They confirmed the transactions are there and that they received both. So I asked them why they cannot top up my account if the transactions have been received. They told me its because of their policy and rules. And they told me its my error for accidentally sending a double payment.
I am just wondering what my rights are in this case? Technically I agree it was my fault for messing up the payment. But is there any reason why they cannot refund the second bitcoin payment back to me or to just top up my account based on the current value? I would even pay a small admin fee to them but they dont seem willing to help at all.
You are royally screwed! As @DdmrDdmr mentioned correctly, the logic of the software is faulty that it can't handle more amount than what you are specifying before initiating a transaction. However, since the transaction is showing in blockchain, that means, they have received the amount and probably be lying in their suspense account. So if they are willing to help, they certainly can do it. I am not sure why they are not willing to do that! So if the amount is high and considering the company is doing business legally in your country, file a police complaint under appropriate "breach of trust/financial cheating" section of your law. That should do the trick as a police complaint might force them to take some extra effort to find the transaction in their wallet and refund it back to you. These businesses don't understand that sometimes putting an extra effort to resolve a customer's issue will create trust among their consumers. |
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Slowly but surely, things are changing for better! It's a grand feeling to see these universities are accepting bitcoin for tuition fees and I am sure, many more universities will be joining the bandwagon shortly. But then the main questions is still unanswered. Even though there are many businesses around the world that accepts cryptocurrency as a payment method, are there more number of people willing to spend cryptocurrency as a store of value? I had once found a barber in my city who accepts cryptocurrency for his services. I found him through the below website, https://coinmap.org/Once I visited that person and enquired about it, he says even after he is willing to accept cryptocurrency for his service, he could not found even a single person who is willing to spend cryptocurrency. In last 3 years, he didn't have even a single person paid in cryptocurrency for his services. I happen to be the first person in his list as I had paid through ETH due to the relatively smaller amount. But that's the harsh reality! |
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