There is a logical explanation for this. First, the volatility inherent in digital assets. The fact is that the main goal of every bank is to make a profit. The slightest fluctuation in the cryptocurrency market increases the risk of reducing all projected profits to zero. Today, cryptocurrency is showing a certain stability, but even despite these indicators, most financial institutions still prefer to provide traditional banking services for corporate clients, whose activities they understand. Decentralized Cryptocurrency is not controlled or limited by anyone alone, there is no single administrator and regulator. Not a single financial, tax, government organization can influence the actions of participants in the payment system. Ethereum is a multifunctional virtual platform on which blockchain-based applications (online services) are created. Applications work as "smart contracts (smart contracts)" that exclude third parties (intermediaries) in the transaction process. On their basis, it is possible to create a platform that will stimulate banks to lend against the security of cryptocurrency without fear of losses, and this, in turn, will interest the financial sector to place its assets in cryptocurrency? In solving this problem, I took as an example the existing US financial system. Assuming that Ethereum is the Dollar, and the smart contract is the Office of the Comptroller of the Currency of the United States (OCC), and ETH-WORLD tokens are the Securities of the US Treasury, we get a financial model of a new decentralized economic system based on cryptocurrency. I implemented all this in my project, in contrast to the existing Fiat, it completely lacks an external emission regulator and is managed by the smart contract program. http://prosh.info/smart_eng.htmlBanks have been around for centuries now, they are juggernauts with huge and archaic data systems driving them. They are also a business that relies on an immaculate reputation of trust, if their brand gets associated with.. let's say an exchange wallet getting hacked then it could absolutely ruin them and no bank chief executive is going to tolerate that. They are a business that naturally adapts slowly so it should be unsurprising to anyone that it will take them a while to see the value of Bitcoin. Cryptocurrency is also a direct threat to their business model which can involve taking small transaction fees at certain stages, but eventually they will come around the cryptocurrency - especially when you see other giants like Paypal trying to take a slice of the action. |
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There, Junaid Ahmed Palak sir, State Minister for ICT of Bangladesh, made a number of comments in favor of Bitcoin. His comments suggest that they are thinking of legalizing Bitcoin in Bangladesh. This is the news link: https://youtu.be/oZogIfJBz7MI am translating the news from banga to English. Here I will highlight his points. - We should be updated with technology in money evolution. Because first we use products for products then paper money then bank then plastic card as visa or master card, then mobile wallet then we can't accept digital payment system as a degital currency. I think this is top point.
- He says if we buy any illegal products with legal fiat currency then can we blame fiat currency? The answer os no, obviously not. So if bitcoin uses for any illegal work then we can't blame bitcoin. Another best point
- And lastly he says we should discussed about it so that in crypto race we get last position. So we should discuss about it and teach our people about bitcoin. That is why Our ICT MINISTER suggest the Department to make a report about bitcoin and send it to Bangladesh bank then we will discussed together about it approval.
I think this little conference of him with news channel is a huge jump for Bangladesh in bitcoin sector. For me it is a purely posetive news for us. Might be we can see very soon that our country means Bangladesh approve bitcoin. I am waiting for the day. It's a bit of a tricky situation for the government, but their default stance on Bitcoin should have been to watch and learn all along. The usual case in countries such as Bangladesh is tax under reporting and this scares the government into taking drastic action like banning any financial instruments that they cannot easily control. It's understandable from that point of view, but if they allow easier forms of banking for citizens and the fees drop then they should be more likely to pay such taxes for the benefit of all. If Bangladeshi citizens fear that their banking system is weak then it makes perfect sense to allow decentralized banking and better protect the average person. |
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My father loved to gamble, and was a big Blackjack player. He was an incredibly smart guy, and always did his homework before ever doing anything at all. That was no different when it came to gambling. I remember seeing him read several Blackjack books, which was his favorite game to play. Do you guys own any good gambling books or know of any website where you can learn skills to play certain games like Blackjack, Poker etc?
You're better off using google and doing your own research on books for these two games. There is already a world of information out there, just type "top 10 poker books" or "top 10 blackjack books" in and compare the feedback from a few different websites. You'll quickly be able to narrow down the books that are repeated favorites and those are probably the ones to go for first. This helps you minimize falling for astroturfing or fake reviews. Google is probably a much better source of a rating system than actual shopping sites like Amazon who are heavily manipulated. At the end of the day you'll only beat the house at Blackjack by counting cards and every live casino will catch you quickly these days. Poker is a good game but there are people who have spent many decades practicing and you'll need to be very clever to outplay them, plus beat the rake. |
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Again, the US Government has spent more than expected and now has to borrow more to pay the bills. If this was you, this is the closest to an overdraft on your account that a country gets. The problem is that the limit has to be raised by law, and it is not simple to do so in an age of exacerbated partisanship and little wide-angle vision about the needs of the country. Incredible as it may seem, the US could actually default in its obligations. https://www.nytimes.com/2021/09/26/business/economy/america-debt-limit-political-game.htmlIt is crazy that this happens so often, it seems to be every year or two now. What sort of country allows their system of government to bring the whole country to a halt as the (only) two political parties, full of rich old people, engage in some pathetic brinkmanship in order to try and extract the most leverage out of the other side while receiving the least bad publicity. Fixing this constantly reoccurring situation should be the absolute priority of all US politicians because it causes so much unnecessary anguish repeatedly. America already has enough problems without millions of people wondering if they will wake up on a certain date and possibly be going to work unpaid when they have regular bills to clear. |
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One more campaign about Bet Responsibly launch by Entain and Rush Street Interactive (RSI) has partnered with the American Gaming Association’s (AGA). That campaign is trying to educating sports fans and the core principles of responsible gambling. We know that many gamblers become addicted to gambling, so hopefully, this program can help them resolve their problem to be more responsible in gambling. Source: https://www.gamblinginsider.com/news/13284/entain-and-rsi-partner-with-aga-for-have-a-game-plan-bet-responsibly-campaignYou can visit on here to see what companies are partnering with AGA: https://www.americangaming.org/have-a-game-plan/Hopefully, more and more gamblers can take responsibility for their money and themselves so the addiction among the people can reduce. And people will know that placing a bet in sports betting is fun but they must prevent becoming addicted to gambling. More programs like this can help people have a responsibility to themselves and help them manage the budget and time to avoid the worst scenario that can happen to them. I hope the only input that they have to the program is financial - get them to fund it but their name should be nowhere near the resources or education materials being used to educate people against gambling. There is not much education that needs to be done for "responsible gambling" - keep your bets small and try not to place more than a couple each week. If you're thinking about it every day then you probably need to stop it altogether for a long time until you can control yourself. The simplest lessons to teach them would be finding lots of mathematical examples and relatable scenarios on how you will statistically never win against a casino that needs to at the very least pay staff expenses, advertises heavily and still walks away with millions in profits each years. |
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I honestly think that people are starting to get really sick of China's behavior.
What's really amazing is that they don't understand that they are cutting themselves out from a super-growing market, letting all major investor taking all their money to other countries (like the mining exodus happened recently).
Should we really expect a bear market?
In all honesty your opinion, my opinion or the general perception of the world on China is totally irrelevant to the leadership their. Their decisions are made with the aim of making China the biggest economic power in the world, albeit they will definitely try to "stage manage" the appearance during that rise. When it comes to Bitcoin, it is barely a blip on their radar and is totally irrelevant to the long term aims of the country to the elites sitting at the very top of government. It is easy to forget, since they utilized capitalism in order to rise, that they are still a heavily authoritarian - almost dictatorial now Xi Jinping is in charge - form of government. Everyone in the upper circles who make and break laws is already sitting in a wealth bubble, they don't want people in the system below them running away with money outside the banking system. |
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Not only casinos but every establishment in the world will require its clients and customers vaccination cards and people who choose to be unvaccinated will find themselves isolated or will not permitted to get out, this is very harsh but the authorities do not want another wave of the spread of CoVid, it's taking its toll on every country's economy and to minimize people from dying of CoVid.
We live in a different world these days and it seems like there are many different ways tried in an attempt to beat this virus. Variety is actually a good thing, as if these sort of schemes are successful at slowing the spread then more companies will adopt it and the world can recover faster. The customers playing here will feel better protected and continue returning on a regular basis. If it does little to stem the spread or turns off too many people then it will be unworkable, causing the casino to adapt their policies which will become the industry norm. In any major metropolitan area there will be several casinos who will have different entry standards, so I doubt this is overly restrictive to most people. |
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...
For OPSEC reasons I don't (personally) want to go in to this topic too heavily myself, but this is already happening.
I have known about Venezuelans for years using BTC (and Dash) as a partial substitute for their worthless currency and hard-to-get US dollar fiat. Apparently these efforts have been quite helpful to those in Venezuela in a position to use cryptos to make their lives better.
Now Cuban-Americans are sending BTC to embattled Cuba. I do not know the amounts though.
These really ARE excellent use-cases in which BTC is helping to add value to the lives of those under oppression. This is clearly a good thing.
It seems logical that Bitcoin is the perfect solution for people in authoritarian regimes to store money outside the reaches of their government. It is still reasonably anonymous and if people are able to get hold of it without alerting their government, then it gives them more room to think independently without financial pressure. It also allows their family members to send money back to the country without paying excessive amounts to local banks in the form of commission. There are all sorts of benefits really and this should be one of the big messages that pushes Bitcoin forward - it offers freedom to oppressed people and allows them more abilities to stand up against their tyrannical overseers. |
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I was faced with real-life situations in my city over the weekend, I visited a casino house close to my residence to have some fun time but on getting to the casino gate I was stopped by security at the gate and they demanded a covid 19 vaccine card which I don't have at the moment and I was denied entry I felt embarrassed but I have no option than to turn back. Is the situation the same in your neighborhood?
I would say this is more a problem of your government not properly organizing these vaccination cards rather than putting any blame on a business that just wants to protect it's patrons. The vast majority of people in most countries will take a safe vaccine when offered, so that naturally means that the majority think it is the proper solution out of this crisis we are in. It is only fair that the wishes of the majority are respected and unless you have a good medical reason why you cannot be vaccinated then you should be taking it to protect those around you. The rules in my country are much more lax and businesses are free to make their own rules but most do not enforce any restrictions now. If you're in a country with high transmission rates then it might be a sensible setup to reduce the spread in confined spaces. |
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History has always repeated itself in Bitcoin on the 24th of September 2017 when the china central bank ban Bitcoin/cryptocurrency, a move that sees the price of Bitcoin crashing deep before it recovered after 3 months of struggle to hold its resistance. On the 24th of September 2021 news still, fly around about china banning crypto, which turned out to be rumors and false development that see the Bitcoin price dropping to $40,675 before it gradually rises back to 41k.
There is nothing false about the fact that China has banned cryptocurrency, it is widely reported by major news organizations who confirm with the Chinese government themselves. They are trying to stop people using Bitcoin as a method for officials and wealthy citizens to abandon China - either because they see the house of cards starting to collapse or they fear repression by higher-ups. When things start to go wrong in this country, sh#t flows down hill and anyone who is unable to escape might be scapegoated. You have seemingly skipped over the fact that Bitcoin dropped about 10% before recovering 1%, that hardly seems like a big win in my book. |
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Finally, another country, namely Romania, launched a Vaccination Lottery for the public. It is hoped that this will encourage people to participate in the Romanian government's vaccination program. The amount provided by the Romanian government is RON15,000,000 ($3.5m). This is good news for people and this lottery also aims to encourage vaccination and each participant will have four chances of winning. In addition, the government also agreed to make regulations for people who are eligible to be vaccinated to receive a meal voucher worth RON100. It seems that the Vaccination Lottery program can attract people to register so that the government's target in reducing the number of people infected with Covid-19 can succeed. Maybe after this, there will be other countries that will follow. What do you think about the launch of this Vaccination Lottery? Can it attract the other countries to follow what USA and Romania did? Is that be a good way to attract attention from people to have vaccination because that teach them to use lottery to make money which we know that lottery is part of gambling. Source: https://www.gamblinginsider.com/news/13229/romania-joins-the-vaccination-lottery-raceIt is always nice to see these get launched, as it is obvious to see that countries with the highest vaccination rates are returning back to some semblance of normality as quickly as possible. There will be people who will take it straight away, people who would never take it and people who are on the fence that might go for it given little extra incentives - that is the group that such rewards will be good at targeting. However it makes more sense to offer fewer prizes (e.g. 7 x 500,000) which are drawn every month or two, then heavily advertised as a winning payout. It would still be a life changing amount and spreading the news over time will have a much better effect. |
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Let's take a look at the latest development in Seu Dinheiro by payment giant visa, disclosed that it has start accepting crypto for it's payment especially the most commonly and acceptable crypto (Bitcoin) and to be used also as a store of assets, isn't it going to be too late for new investors and partnerships who would have join the emerging trend with crypto than later in future? In a recent interview with Brazilian news outlet Seu Dinheiro, Eduardo Abreu, vice president of new business at payments giant Visa, revealed the comany’s intentions to integrate crypto assets onto its platform for both payments and as a store of value, including the leading cryptocurrency, Bitcoin (BTC). Back in March 2021, Visa’s CEO of Brazil, Fernando Teles, introduced the concept of adopting tokenized payments, as well as an application programming interface, or API, designed to bridge the gap between traditional financial institutions and crypto services. In the interview, Abreu shared his belief that greater adoption will require the integration of traditional banking activity within the cryptocurrency ecosystem so that customers can transact with fiat and crypto within the same environment. Visa already offers 180 currencies on its platform and will look to leverage its 170 million global customer base and established fintech relationships with national banks Alterbank, Ripio and Zro in maximizing adoption in the region. There was no specific announcement as to the date of the launch, but it is widely expected in the coming months. “The great advantage of adopting Bitcoin is, without a doubt, its ease. Without needing to exchange a fiat currency, there is an optimization of exchanges when using Bitcoin,” said Abreu. Alongside this service, Abreu also suggested the possibility of customers receiving cashback in crypto: “Brazilians already have the culture of receiving card points, miles, discounts, etc. Why not receive cryptocurrencies with their credit card as well?” Visa is no stranger to making headlines in the cryptocurrency space. https://cointelegraph.com/news/visa-reportedly-aims-to-integrate-bitcoin-payments-in-brazil/ampIt's to be expected really and shows that these credit card companies want to get ahead of the game. Essentially cryptocurrency is a direct competitor to their services, so it makes sense for them to capture as much of the transaction activity as possible. Paypal were the first movers in this respect, they want people to buy cryptocurrency through their platform - so they can keep all the payment transactions in-house while still charging a transaction fee to move it between accounts. It also allows them to build up long term control over Bitcoin because all their users will have the currency stored in wallets under Paypal's absolute control. It looks like Visa just woke up to that fact and wants it's slice of the pie. |
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I have read so many things on slot games, how it is the most popular and easy to play a game which requires little to no skills in playing it. But again from personal experience and development, some players can still manage the way around the slot, can we share experiences?
As others have said, there is zero skill involved. What does "manage their way around the slot" even mean? Nobody is winning these games on a consistent basis because they are designed to favor the house only. Casinos only put these games out there in such numbers because they are pure money making machines for them - they control every aspect of it and the player controls nothing beyond clicking some buttons with pre-determined outcomes. I'm not sure what experiences you expect to hear about, sometimes the casinos will feed a few breadcrumbs back to the players - if you pour $250 in, you might hit a couple $50 wins to entice you to keep playing, but eventually they will take all your money. If you are easily entertained by some flashy graphics and jingling noises, they are the perfect game for you. |
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I have been watching this phenomena happen for almost 2 years now. What they do is that they hack someone's channel with a decent amount of subscribers, ideally channels with a verified badge to make it more legit. Then they change the name, the avatar, and delete all previous videos, then they start running a loop of videos of interviews, usually assorted scammers such as Vitalik Butterin, Charles whatever (the guy from Cardano), the guy from LINK... all these shitcoins. They also use notorious Bitcoin bulls like the guy from Microstrategy. They run live streams with addresses where you send money and double your money, a giveaway, or the classic scam routine. These guys are making a ton of money given the amount of views and channels they manage to hack. They even use Elon Musk:
Has Youtube given up on trying to fix this madness? I know that Youtube is going to force 2fa on all creators starting November so that's the only hope to see these scams go down in numbers, but im afraid 2fa will not be enough.
Youtube became a sh*tshow years ago when they decided to remove all manual moderation and replace it with algorithm technology, of course this was done to save them money from having the staff to manually review things. People need to learn not to blindly trust social media and that is true every single day, it happened on Twitter as well - so-called celebrities in the past had accounts hacked and requested money sent to a certain address for these "doubler" scams. Greedy people think it must be true, when even a single shred of common sense should tell them it is a lie. In a way, I have little sympathy for those who jump on these "offers" when they should know better, but I do agree that providers like Youtube do nowhere near enough to police the content on their websites. |
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It seems, in the USA, the interest in using crypto as a legal payment already increases as a poll already surveyed voters from California, Florida, Georgia, North Carolina, Ohio, Pennsylvania and Virginia. That poll got a result of 28 percent in Arizona to 37 percent in both Texas and Wisconsin, voters said they would vote 'yes' to a ballot measure that would make cryptocurrency legal in the next election. That's quite a higher percentage to see if the voters are already aware of crypto and are interested in using crypto for the payment. What is your opinion about this? Does this lead the USA, as a giant country, to become crypto-friendly in the next year? Source: https://www.newsweek.com/exclusive-about-third-swing-state-voters-want-crypto-legal-payment-their-state-1630387Between how the poll is presented and how to voters interpret the poll there is a lot of room for misunderstanding. The strange thing is, Bitcoin is not in any way illegal in the USA and can be accepted by any business that wants to deal with the related financial "paperwork". Monetary policy is not set at a state level so this will have zero impact on how the US government operates, despite your assertion that this could be voted on at the state level. The US has one currency, which is the US dollar and that happens to be the reserve currency of the world - offering it a very privileged ability. No sane government in America, even with the antics we saw with the past president, would allow that to be diluted or fragmented by accepting a cryptocurrency they have no control over to become an official currency. These poll results are meaningless and actually show only a small minority want this. |
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Why do young investors prefer cryptocurrencies? Or, to put it more plainly, why do young people like crypto speculation? In the public eye, the phrase “crypto speculation” is often associated with negative implications such as “radical”, “high-risk”, and the “ambition” for getting rich. However, the preference for cryptocurrency among the young seems to be unstoppable. According to the latest report released by Crypto.com, in January 2021, there were 106 million crypto holders worldwide, and the figure has surged to 221 million by August 2021, compared to only 66 million in May 2020. The doubling of holders during six months shows just how popular cryptocurrencies are.
It is silly to base your whole thesis on young people buying into the housing market within China and how property prices have moved in the last couple decades. As we see by the biggest property developer in China just about to go bust, what goes up really fast is likely to come down just as fast - it was an illusionary profit that basically resembled a ponzi scheme, keep adding new investors until the money runs out. Young people, due to a lack of experience, generally go for much higher promised returns because they are looking for short-cuts to wealth. Old-timers know that a vast majority of those short-cuts will leave you penniless. However one advantage younger generations have is they have plenty of time to recover from losses but the majority will need to learn that slow, steady growth is much more desirable over boom, bust attempts. |
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Money or wealth is the dream destination of many people in the world
Religion is the total believe of a group people on a particular being.
Most or everyone in the world today in which I am included believe in accumulating of wealth and making money.
More than Half of the life span of the human race is centred on making of money or wealth.
Making money legally or illegally, accumulating of wealth is the believe of most people in the world.
I stand to be corrected or cencitize
People can often get trapped within their own warped mindset of the world. Not everyone is chasing endless wealth as the ultimate dream in life. Some people are more than happy just to have a steady job, eventually own a house and raise a family. There is a lot of happiness that can come without having excess amounts of money and it is sad for anyone to think that money will solve all your problems. There are many people in the world who would swap all their money for just finding a true love in life, because loneliness can make you unhappy regardless of anything else you might possess. Do not project your own desires on to the rest of the world, because while wealth might make life a lot easier and many people would gladly accept it, they can also live quite contently without it. |
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to many bad experiences.
and to think that i was about to overthrow the eur and usd in favour of crypto, whenever someone would want to do the same they would have to get throught me first.
Lots of people feel this way about cryptocurrency and it is understandable - this is what happens when you buy into something that is so volatile. Most people hold their money in a bank under a much more stable currency - that means it's value isn't dropping 10% or raising 10% every day, so you have some comfort in knowing your wealth will stay relatively steady. You don't get that comfort from crypto because so many people are using it for so many different purposes, but it is being primarily used as a speculative asset instead of the functional currency. It was never going to overthrow any major currency, purely because it cannot handle the volume of transactions that take place in the world day to day at an effective cost price and speed. |
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I’m just now finding out that last week Arizona changed their stance on sites like DraftKings for online sports betting. It seems like states are legalizing things that bring them revenue at a pretty good clip. I’m particularly happy about this one though, as I’ve had money stuck on my DraftKings account for a long time now. I might have to get into fantasy sports.
That's cool, glad you can finally get your money out - amazing they were allowed to hold it like that without cashing you out previously. There does seem to be a nice trend where they are legalizing a lot of stuff and letting person responsibility take over a bit more. Cannabis is another good example, it's getting legalized in many states now and it probably is less harmful than alcohol, with so many police resources being wasted on it in the past. Anyway, one step at a time the gambling industry is able to break down these silly and pointless barriers that were put up by some stuffy old republican politician who wanted to appeal to the old timers who were used to super strict laws many decades ago. |
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Inflation is really kicking in, the cost of things are getting really high in the market and its not even december yet, its effects are evident on the price of food stuffs, transportation, electricity bills, gas bills and others. How are you handling it and how has it affected your savings/your percentage for investing (if you have one)?
Have you had to cut down on your expenses so as to maintain the percentage of your income you allocate to savings & investing?, Or you have adjusted the percentage for savings and investing so as to accommodate and maintain your standard of living?
Fortunately inflation has yet to hit very hard in my country but you can tell it will happen eventually. Covid really managed to screw up a lot of supply chains and it is surprising that we've been able to go so long without inflation creeping up in most of the biggest countries around the world, even with all that panic buying that was happening at times. It looks like that buffer zone managed the last about a year, people started saving heavily during the pandemic and now everyone is starting to splurge a lot more. They're also going back to work which is putting a whole load more cars back on the road which comes with it's own set of problems - traffic jams to larger fuel consumption to pollution all kicking back in. When inflation really kicks in and interest rates on mortgages start to rocket, then we'll really see much bigger problems and a recession is likely at some point down the road. |
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