Not something to really cheer about! It won't help the crypto market in any way because no liquidity will flow over there. Also if CBOE launches a crypto index fund, that will simply help CBOE to make money without actually getting into the cryptocurrency market. All will be price linked but no actual crypto trade will happen! So I personally am not in favor of such index or index funds as it is of no use to crypto traders or general crypto users. It is just a tool for corporates to make money out of thin air!

These are all inter- dependent! If anyone falls out, the entire system will be in jeopardy! So it is impossible to give the entire credit to a single factor behind bitcoin's price.

Scarcity definitely plays a big role in deriving bitcoin's price but the entire thing wouldn't work without a robust network. Also the freedom factor comes into play big time. When the Banking system is showing its weaker side and severe dependency on government, people are more keen to move to a non- controlled environment which gives them a power to control their own funds!

So, many factors come into play in reality!

Probably OP has a very feeble idea on how debt and bank works and that's how this question came from him! Today's economy is a debt based economy unlike the old Gold backed economy. So if a country lends out money to other countries, it is considered as a assets for the lending countries and liability for the borrowing country. The same principle applies to the commercial banks as well! So if a bank has a healthy ratio of debts against their current deposits, they are good!

Secondly, a country never prints money to bail out banks! If a country has to print money to bail out banks, then either its economy has crashed like Venezuela or that's the only bank in the entire country like North Korea! Money printing is basically a hoax spread by bitcoin puritans! It usually doesn't happen as per government's will. We have a prime example of such malpractice - Venezuela!

Thirdly, World Bank is not a banker for Banks. So they don't lend money to commercial banks. They lend money to government based on the tax inflow and income!

In a nutshell, governments don't print money to bail out banks, they do it from their treasury. World Bank lends money to Government and not to commercial banks. The economy is a debt based economy so the healthier their debt book is, the better!

In reality, XRP is also going up following the trend of the current bull run. While writing this reply, XRP is showing an upward trend of around 23%. There is only one coin that has a correlation with bitcoin, that is USDT. When the bitcoin price goes up, people sell off USDT and rush to buy bitcoin. That's exactly what's happening right now!

You can check CMC, the USDT price is down by 0.47% even after being a stablecoin! Reverse trend happens when bitcoin price goes down as people rush to buy USDT!

I don't think any club tokens are listed on even a single useful exchange where you trade or even exchange the fan token to something useful. I may be wrong here unless someone points me out to an exchange.

Fan tokens are definitely for a die hard fans of soccer/football who wants to buy some merchandise from their club and wants to enjoy exclusive benefits from the club events.

Basically, an useless token with a concerted userbase!

Scammers are a big problem since a long time now! Initially the internet scammers were playing big on hyip/ponzi scams but after the closedown of TalkGold and MMG forum, they had moved to crypto market because it grants them even more anonymity than traditional payment processors like PerfectMoney or Alertpay!

I heard from my local news that police arrested a person who were scamming people in the name of bitcoin. He was promising double return within 25 days to the investors. Now those who are aware of bitcoin, they would know it is impossible to get a confirmed return from bitcoin and they understand the risk. But still people have fallen for it.

Scammers will always find new ways to scam people. Education and awareness can save from a disaster!

Excellent catch op! I have just reported this ad to Google and I request everyone to do it! Just click on the small "i" button at the top right cornar of this ad and a pop up will open. There you will have an option to report this advertising. This way Google will know something wrong is ongoing. If few other people also reports it, hopefully Google will remove this ad.

Can't deny the fact that bitcoin is used in many crimes worldwide, especially in darknet for drug or arms trade. Even criminals were using it for internal transactions! For money laundering, bitcoin and XMR has become a major tool for the criminals. Recently a Chinese man was caught in India who has been using bitcoin since last 3 years to launders millions of dollars. So this is a real threat!

Probably that's one of the major reasons why bitcoin is still not legal in many countries. But sadly, there will always be such people around us who will make illegal use of anything. These can't be uprooted, unfortunately!

nowadays mainstream medias are biased. It's probably because of the huge competition, they have to choose one side from where the most of their funding comes. But this news is a different one. It just talks about a company which is related to cyrptocurrency. The news doesn't have any relationship with cryptocurrency and it doesn't talk about cryptocurrency as such. It just talks about bad management practices of a company who are probably led by a racist manager! That can happen in any other company as racism is a real threat in US. But connecting it with cryptocurrency in such a bad manner, is really hilarious!

These fan tokens are a new source of income for the clubs! With fan token, you will be able to do the following tasks,

1. Buy official merchandise from their own/partner website
2. Vote for club events to let the management know the demand of the fans. But wouldn't have any power to take decision
3. Take part on official club related events or even can meet the footballers at the event if you pay that much amount.

These tokens don't have any other use, definitely not a real world use.

Lol! The owners of this website doesn't have money to even buy a domain, but still has guts to provide 20% return on investment!

I wouldn't even visit a website with .tk domain as they are mostly malware infected websites! If you use a licensed antivirus software, they will block any websites with such domain names!

Pure and simple HYIP scam and must be avoided!

Free energy source alone can't help! It will only be possible if some billionaire can gather enough ASICs to generate 51% of total mining power! That's an investment of few billion dollars. So good luck with that!

POS is more user friendly I would say because you wouldn't need to go through all those mining rig setups. You just need to buy some pre specified amount of coins and stake it through a pool or an eligible wallet. So it makes the process easy for all! Also it doesn't need to use electricity so it is more environmental friendly as well.

But your concept of 51% attack is flawed!

I couldn't find the article from Brave New Coin magazine but the below link also talks about the same thing,

https://www.forbes.com/sites/seansteinsmith/2020/12/09/cryptocurrency-legislation-is-on-the-rise--what-the-proposed-stable-act-could-mean-for-crypto/

Government is just paving ways for CBDCs, at least that's how I see this draft bill! Government already knows that it is impossible to control a decentralized network so they are trying to hit the new peojects by asking them to register with Federal Reserve and complying with various requirements before they can start issuing stable coins.

I don't think government will come after the nide operators because it will be more like finding a pin in a haystack! Also US government can't control the node operators from other countries so even if they crack down US based nodes, illegally issued stablecoins will still be able to get confirmation from nodes operated from other countries! So it's just a waste of efforts and money by the US government if they want to come after the node operators!

Those who are really happy that a vaccine has finally come, I have a bit of bad news for you all! Covid-19 has become a matter of political importance, rather than a matter of public health.

Vaccine companies are not releasing the actual data of post vaccination side effects for obvious reasons. However, anyone senior executive associated with Pharmacovigilance, knows the truth! People are experiencing severe issues in their brain and other organs after taking the vaccine! Unfortunately, these data is kept hidden and nowhere released!

So even the vaccine your government has arranged, is fake! Darknet is just mimicking the real world!

Probably that's a downside of having a online gambling license! While keeping the the minors from any kind of gambling is necessary but having a KYC system, also doesn't make a crypto casino attractive to all type of crypto gamblers!

To OP,

I see your website is registered under standard Curacao Gaming license. There are many crypto casinos available in bitcointalk, who are having the same licensing but don't enforce KYC in general. So I don't think it is a compliance requirement. I would request you to have a re-look at it if possible, enforce KYC on case to case basis!

I have been paying taxes on my crypto earnings since 2016 so I am OK too! However, I have been paying taxes on the basis of my other salary and business income as there was no specific regulations around cryptocurrencies in India. Let's hope they will come out with some proper guidelines around it. It will help us to get a clear understanding on how we should be filling our taxes. That is important!


Wow! What for?? Crypto is skyrocketing for a good reason now so this bull run is very different than of 2017. My personal feelings is that, it is a good time to continue HODLing. The market signs are very positive!

Well even a blind can see that! Gold has been a preferred asset since many years for the corporates as a reserve of cash equivalent. But in recent times millions of dollars have been invested in crypto market (mainly bitcoin) by the corporates! So it's clear as daylight!

Whatever Snappa and Greyscale has done, will be definitely followed by other corporates, if these investments don't depreciate over time! There are many companies sitting on a pile of cash but little too conservative when it comes to bitcoin! Slowly they will join the bandwagon, at least for a trial run! Probably we will see many such instances in 2021. Let's wait and watch!

Yes! Corporates are seeing a tremendous opportunity in bitcoin which has resulted millions of dollars flooding into this market since last few months! Also a lot of dormant accounts have suddenly started showing activities, all due to the current bull run which is showing a strong sign support at 18.5k+ regime. Overall,  the situation is pretty positive!

No wonder the exchanges are ramping up to serve these increasing load of customers to get a bigger market share which we can see in the increased number of advertising. At least one industry is doing extremely well even in this pandemic situation.

If you think that animal abuse should end, they should first stop having meat, dairy and poultry products because at some stages of these production lifecycle, animal abuse happens! In slaughter houses, animal are killed in seconds which ends all the pain in one quick slaughter process but in dairy industry, cows are abused through their entire life for milk.

I can suggest many videos but this one is particularly good. Do have a look,

https://www.youtube.com/watch?v=D1ZJOnfTry8

It explains how cows are constantly kept pregnant for the benefit of the industry so that they can be milked. So if you want to stop their abuse, you should stop having any kind of milk products!

Racing horses are still treated in a better way than these food industries. But that's how the business works! Life is not equally fair to all! There are differences among the human life quality as well. While people in poor African countries live a miserable life, people in US gets unemployment benefits for just being unemployed. So since life is not equal to all I don't think the article written Olive Thompson will have any impact on my perspective towards horse racing business!

Possibly Combodia is eying to increase their market share in travel and tourism industry. Decreasing gaming tax is definitely one of the steps towards this goal so that travel and tourism industry can keep a bigger portion of their earning for their own betterment! It is a baby step but an effective one!

Also creating a special zone for such activities is another step towards the bigger goal. The way countries create special economic zones for factories and industries, Combodia is following the same practice for travel industry! Hope this works in their favor to recover the economy!