Hi my friend, I can see you are working very hard. Do you have openings in your troll farm? I would be interesting in a role as Senior Nationalist Head of Empty-heads.

Nobody is saying that China is not growing or that China is not a developed country - well, I am actually going to say that is half-developed, since only the coastal regions do well - what I am saying is that China is clamping obviously in one of the main factors of growth for any nation: individual initiative and innovation. On top of that, by directly requesting "donations" from listed companies they have stolen from the shareholders, which casts grim shadows about raising money in the future.

BTW, if you want to defend China you better start having some arguments. People on this forum are particularly tired of misinformation, fundamentalists of all shorts and manipulation. You need to do wayyyy better.


15 Billion from a listed company does not look like shooting over the head, does it? The problem is that a listed company does not belong to the CCP, but to the shareholders and something like this is plain robbery. This does have consequences on the future ability of Chinese companies to raise capital and that is directly linked to their ability to grow in the future.

https://www.bloomberg.com/news/articles/2021-08-19/tencent-doubles-social-aid-to-15-billion-as-scrutiny-grows

The internet of value is not only bitcoin, but any fintech technology that uses internet to create a network effect. There is some confusion on this, it is not enough to use internet for business, which pretty much everyone does, it is about using internet to create certain effects that do not only improve the productivity or the comms, it is much more about making growth exponential and using that to create a network of users. Bitcoin is clearly one of the technologies that has achieved that goal.

We have know that China has many times expressed and effectively carried out all shorts of moves against bitcoin, but recently they have made very serious moves that not only send a message for the future but also had very real implications for stock owners.

- Serious warnings to Ali Baba owner.
- A "voluntary" donation from Tencent to the "common good of Chinese people".
- A clear warning against any entrepreneur that has "too much public success".

Could this be dampening or even killing the expected growth of the Chinese economy? Are they, after all, still communist enough?

 I am recently observing that there is a bitcoin linking effect in any company that somehow has something to do with bitcoin at a sufficient scale. For example, grayscale or microstrategy are shitty investment vehicles and companies, however their price is fully linked to bitcoin. Also, coinbase, which should be linked to fees, clients and level of trade, is also quite linked in its moves to bitcoin. To be honest, if I were and investor, I would rather have the original rather than a proxy.

For you and me (well, I do not know you, just guessing that), it may be difficult to cash out. We probably would be thinking of local bitcoins or an exchange. However, when you are talking big money, you can certainly look for an over the counter partner for the case and believe me it is not going to take long to find one. If you think of it, some countries did not retire their embassies from Kabul so it may even be organised via a partner state. Even if transactions can be traced, that type of funds cannot be blocked an will always find a friendly hand.

I do not think I am missing anything, I am clearly saying that you can choose to live in a bubble, although be very mindful that even in those bubbles there can be situations that you may think could not be. For some people that is not a problem, for my personal taste, if I choose to change my country for another it would be to be able to live safer and travel and have a better life. Unfortunately that usually comes with taxes, since safety, education and opportunities come at a cost.

I have seen a lot of artificial community building. A free distribution of tokens is fine to create liquidity and awareness, but requesting Facebook, twitter or comments simply to make it look like it has a momentum and people are eager to use the product, when that is just not the case and it may most likely end up in and "excess liquidity" also know as "first day dump".

Regardless, a proper lending system overlay on bitcoin would be something really useful but the point remains that it seems that we would need a third party or some short of legal mechanism on top.

The way you put it sound terribly funny and has a religious style that I think adds to the humorous situation. However, what you describe is not funny and it is actually very true. Bitcoin and other crypto have opened a way forward to transfer funds and carry your money with you that is extremely useful in extremely difficult situations. For example, a refugee flying from Afghanistan by land is surely going to find problems such as having funds frozen, finding thieves and greedy mafias along the way, having their goods confiscated,... Having a bitcoin account could mean the difference between life and death and between having something to start again or be on the street.

It does not matter if it is 10 or 100 or a million, investing and choosing a category of assets is a question of understanding your risk profile, your experience and knowledge and your expectations. In crypto, the safe options are bitcoin, ethereum and - IMHO - little else. If you are looking for extraordinary results, that is those that are above bitcoin and ether, you will be needing a degree of knowledge and spend quite a bit of time choosing and discarding and still there is a big chance of messing up.

Could be. If you think of it, an NTF does make sense for many games in which you have in-game items that are unique or have a limited occurrence. Getting these does require either effort, a payment or both, so they actually do have some intrinsic value. However, the same could be said about tulip bulbs: you can actually use them to grow a tulip - which by the way will come out every year for a long time, so they do have an intrinsic value.

So when does the tulip mania start? When you are paying for something that you are not going to use, simply thinking that someone else will pay even more.

Que sofisticación y que elegancia La verdad es que en el fondo tiene pleno sentido porque la directriz oficial, sin que sea en absoluto obligatorio o te vayan a decir nada por no hacerlo así, es q se intente repartir todo lo posible. La ampliación que hubo de fuentes de mérito creo que estaba planificada, pero también es resultado de que Theymos quiere que existan un incentivo para la participación y que esto no se convierta en un foro donde sólo una élite - por decirlo así - tenga su coto privado y el resto de usuarios estén ahí mirando. El efecto inicial del mérito si fue crear una especie de oligarquía, pero creo q ahora hay suficientes usuarios que han crecido por si mismos como para que haya un equilibrio adecuado.

All these are valid objections, except perhaps the volatility (I think bitcoin is stable, the rest are volatile respect to bitcoin) and questioning the network effect which, for me, is crystal clear in its effects. However it is very difficult to set arguments against the facts and the facts show bitcoin becoming more widely accepted, and I am not talking about paying a coffee or buying a beer (not use cases in my view) but the fact that you can convert and pay anything in many countries seamslessly.

A reverse split means, in essence, burning x number of tokens or coins. Binance would need to buy x tokens at market price and destroy them or, if the token is managed by a team or party they would need to show proof of the destruction of whatever number of tokens they claim. A split 4 to 3 for example would need to show proof of destroying 1 of every 4 tokens out there.

My take is that this is very easy on some chains, like anything that is on ethereum can be sent to 0x0000000... but on other chains it may be a function embedded in their contracts or software.

I think of Disney that they are slow in their moves, take a long approach to changing business and have a way of managing that seems to be taken from the 50's. However, when they move, they go for the kill, they have a solid plan and they usually succeed. They have the privilege of not having to be the first and sometimes not having to be the best due to they super strong intelectual property, that they wisely increase over the years and keep very carefully. I am sure they will get to their objective as well on this one.

Recently I posted about betting being embedded into many games, not just into those resembling metaverses or role-playing at large scale (MMRPGs). The fact that you may add NTFs and a metaverse makes the whole experience richer and more fun and, of course, more attractive and perhaps, to some people, more addictive. Just make sure that you "other life" does change your real life and make sure you keep good social relations in your hood and environment. As for the rest... enjoy!

I agree, guidance is super important. The problem is that there is an age in everyone´s life in which friends have a higher peer-pressure than parent´s advice, so the solution sometimes has to be as radical as changing the full environment in which you hang out. On top of that, I think is more difficult to become addicted if you play socially and just for fun with other people because at least you will not be left alone with your thoughts and, as some people may be a problem, others may actually be of help.

just as you said, independent events are ... independent. It is just that people have a number of bias and those have been well determined by psychology: the authority bias, the narrative bias, ... and many many others. Among these, the narrative is usually a strong one in bets, and it is fine in sports betting in which events are not independent at a physical level, but in pure random games it is a dangerous one to have. The fact that the probability is above zero means that it will eventually happen.

Speaking of which... you could potentially devise a system that works 99.99 % of the times, but when it fails, you loose everything. If you follow it, be certain you will be at zero sooner or later.

It is bad news for the industry, but yes, it is mostly intended to limit effectively the options for advertising, limit the exposure of underaged people, and it means some additional disadvantages for betting houses. Still, it does not seem to address the on-line marketing and, to be honest, young people are much more into tik-tok than TV. Their habits are very different and even the social media they use, such as NOT Facebook, is also different because who want´s to be on your dad´s social network?

It is similar to some of the bans on tobacco, and, if you think of it, these were only partially effective as they made existing brands more resistant to newcomers.

I hope this serves as an example, but I doubt it. Most of the ICO are in fact frauds or they are very close to being so as they overpromise to the point of the impossible and deliver to the point of just plain ridicule. Anyone who has bothered to read a disclaimer, not just in crypto, but in any financial product knows that everything that a WP or a prospectus says is just "forward looking statements", which means that is nearly as good as nothing in legal terms.

This is as old a people investing on Second Life real state or in Decentraland real state or tokens. I think that should not play the fool´s game or enter some short of tontine in which the buyers only buy because they think someone else will be putting more money in the future to enter the game, not because they honestly believe they are acquiring a valuable asset at a discount. My advice is that you buy NFTs that you would like to own and use for yourself.