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3301  Economy / Gambling discussion / Re: Will physical casinos accept crypto someday? on: August 03, 2021, 10:23:35 AM
i see this as a business opportunity if they do not to be honest. Just go into a casino, buy some chips and then offer your services as intermediary getting paid in crypto and selling the chips. i am not much of a physical casino fan, but I think this would make sense... you know... you charge 3% on top of market price and covert back to fiat to avoid running risks. Would that work? Would this make the casinos actually start that change service by themselves?  I think that it would be a very smart move and mostly risk free, as they do not have to hold bitcoin reserves.
3302  Economy / Gambling discussion / Re: Gambling Exposed to children on: August 03, 2021, 10:17:27 AM
I fully agree with you. Youtube and videos over the internet in general are fantastic, I have learned a lot with these in may practical stuff DIY, gardening, programming,... truly amazing. However there is a tendency to publish content that is super-biased and sometimes simply wrong. On top of that, there is the children issue. It is not only about gambling, it is also about drugs, hate, sex and in general, roadmaps to life that have all the chances of ending in drama. The only thing that can help is to have the parents understanding what is going on and make sure that they explain the children what is that they are seeing and how to interpret it and this has to start at an earlier age: the moment they pick up a phone.
3303  Economy / Gambling discussion / Re: Need beginner guide in gambling. on: August 03, 2021, 10:07:23 AM
A guide to gambling itself? I am not sure that exists as such, however, depending on the games you play, you may find abundant literature about many games. For example, there are innumerable books on poker strategies and other games that have a logic behind - many of them are simply wrong and propose "systems" that do not work and there are more technical books about statistics and game theory that could potentially serve someone looking for something sophisticated. You can also find books and guides to most casino games, but probably not a full "guide".
3304  Economy / Gambling discussion / Re: List of gambling sites that allow VPN on: August 03, 2021, 10:00:17 AM
I think those sites will have serious compliance issues. In theory, allowing VPNs would defeat the purpose of complying with local laws and regulations and would expose the site to legal action or being banned... What I mean is that I would not be very happy about depositing funds on a site in which I have to play by VPN as I would be running the risk of getting my funds frozen if they decide not to allow it or get pressure from a legal action. I am sure some people in the forum can let me know if this makes sense - where I live, there is plenty of freedom to bet, but I am sure that is not the general case.
3305  Economy / Gambling discussion / Will you be betting more during the Olympics? on: August 03, 2021, 09:55:39 AM
Olympics are here! Nowadays you have all the options to bet to almost all sports, but there are not that many occasions to use you knowledge about the international scene of some of the sports to make more interesting bets. For example, football is fine because you would normally get many chances, but what about new sports such as climbing? An also being able to do so almost all day around  Grin Donīt get to crazy about it guys!

Jokes aside, will you be betting on the Olympics? Will that be on top of your usual betting or instead of your usual betting?
3306  Economy / Gambling discussion / Re: It takes years to build a reputation and seconds to break it on: August 03, 2021, 09:51:23 AM

Reputation can be built but you need a long time for it to be established and that's why if it got to be stained, that's hard to be rebuilt and people who trusted that casino will have a hard time getting back the trust of the people. It is an important factor to us gamblers to get into the trustworthy casino that we've known for a long time. And that's why if there is some bashing from unknown people that tries to pull down the reputation of the casino we believe in, it's hard to believe those if we've been trusting them for years and if that person trying to destroy the reputation just came by and new.

It is not easy to build a good reputation if it is associated with business especially gambling business. I mean gambling is a legal tender in every country but there are issues that focused on gambling which can ruin a ggod image that the gambling business are trying to break. That is why it takes years to build a reputation but because of the competition of gambling businesses today the possibility to bring down other reputation is likely to happen. But on the other hand once a gambling business already established their reputation it is somehow hard to bring it down by some speculations without proof.

It should not be that difficult. At the end of the day, reputation, as defined by games theory, is an element that appears when the transactions are recurrent or when multiple transactions are expected along time between two parties. It would be very rare that you would only transact once with a gambling site, so each time you get a good experience and get paid as promised, or can withdraw you funds successfully the site is building its reputation. TBH, you just need to do things as they should to gain reputation.
3307  Economy / Economics / Re: Senators push through bill with surprise crypto tax amendment on: August 02, 2021, 10:18:26 PM
At the end of the day the far west is eventually becoming the west coast. Crypto has a value and like anything else that is traded, is subject to taxation and it has been perhaps too long the times in which IRS and other national equivalents have ignored it. I come from a country where the institution that collects taxes is absolutely rapacious and is perfectly able to go back and collect taxes for the last 5 years. Perhaps, what I mean is that is much better to have it regulated.

The 10k threshold seems odd. Is that per year? Per transaction? What about 100 transactions of 9999 usd ?
3308  Economy / Economics / Re: Bitcoin as a speculative asset or as currency on: August 02, 2021, 10:13:13 PM
Is Bitcoin still yet a speculative asset or a store of value? I think people will have different opinions about this.
Also bitcoin high transaction fee, is it not related to this? Because the lower the fee the more Bitcoin will fit into the currency category.
I don't know much about CBDCs at all, but I'm pretty sure they're not going to be a good thing for anyone other than banks and governments.

With respect to the question above, this has been asked and discussed so many times on the forum that it probably doesn't warrant another thread.  You're correct that people have all sorts of opinions as to whether bitcoin is a store of value, a currency, an instrument of speculation, or whatever--and the truth is that it's all of these things (which is why it's kind of silly to even argue about it).  However, as far as the store of value function, I'm not quite sure how good bitcoin is in that respect--but only because of its notorious volatility.  It's certainly not a safe-haven asset like gold or silver are, but it can be used to store value.  The problem is whether the value is going to drop by 30% overnight or go to the moon.  Bitcoin has a tendency to go crazy in both directions from time to time.

A long standing discussion yes indeed. The original idea behind bitcoin was to use it as a means for transactions, peer to peer, not fully anonymous but not fully named, uncontrollable and unstoppable. After a few considerations, the community did not reach an agreement so some bitcoin forks occurred, namely bitcoin cash being the most notable and oriented to a lower fee, making it similar to a currency.

As for bitcoin, there are two main reasons to consider it a store of value. Firstly, it is a fact that the amount that is traded is low in comparison with the stores. Secondly, the blocksize is limited so in case too many transactions occur, it actuates as self-regulating brake.
3309  Economy / Economics / Re: On Cuba and economy on: August 01, 2021, 02:09:27 PM
...
That I have no clue about.  It's not as though we have a Cuban local board here (right?), and I don't really know how much crypto has caught on there.  Does anyone here know?  If I had to guess I'd say that it probably wouldn't be very popular with the government--at all--although Cuba's currency isn't suffering from hyperinflation, as is the case with other countries like Venezuela and others.

As far as funding insurgents....I still think cold, hard cash is still the way such things are funded (though that's another thing I don't really have too much knowledge about).  Cash is still as anonymous as it gets.  Even with bitcoin, there's a trail of money movement.

Re local Cuban board, that would be funny. The whole Spanish section of the forum is used by a few people only, but it is really good because we can talk about the topics with people who actually care. A Cuban section would be there, however I am not sure that Cubans would really be able to speak freely or at least to do so without a certain risk.

Cash is not really anonymous. You actually either make a transfer, and has your name or you give it in hand to someone who sees your face and can potentially be recording you.
3310  Economy / Economics / Re: Stablecoins 101 on: July 30, 2021, 06:50:26 PM
I take it that you mean volatility other than the one you already have when buying with USD? I think there is a mix of things in your post. Firstly, temporal volatility that happens when the order in not executed immediately. I do not see how that can be an issue if you have an account in coinbase or any other for that matter where an order is executed in seconds.

Then you may have currency volatility, which is high no matter which fiat you choose. Since a stablecoin is pegged to USD, I do not see how does its use improve this. I think I am missing your point.

---

As stated in OP. Banks and stablecoins are the two main paths whales use to purchase bitcoin and cryptocurrencies. A rise in tether purchasing is correlated with increasing bitcoin demand and buying volume. It seems many journalists write about tether and stablecoins without comprehending the basic roles and principles defining how they're used. It leads to uncertainty and many false allegations being made towards bitfinex/tether. Both of whom are very misunderstood.



Whales using banks and delayed orders? Is there any proof or verification of that? Whales will have one or many accounts or use a trading firm.
3311  Economy / Gambling discussion / Re: Gambling on friendly matches on: July 28, 2021, 08:49:56 PM
In friendly matches it may be more difficult to really ascertain the teams strength because in many sports, particularly in soccer, motivation sometimes weights more than raw quality of the players. In a friendly game, it is much more difficult to figure out who is going to put more effort into winning. Also, some teams tend to play harder than other, and during friendly matches that may be much less and would result in a completely different strategy and possibly a different performance. Overall, I think is more difficult to predict.
3312  Other / Serious discussion / Re: Blood Pressure, I donīt understand it. But I want to. on: July 28, 2021, 08:17:11 PM
Simple to answer: you get frequent headaches and your chances of dying of an aneurisma popping in your brain are high.
3313  Other / Serious discussion / Re: Copper - a 5-year investment for those with no capital. on: July 28, 2021, 08:15:38 PM
I'm interested to see that videos about copper coin collecting are starting to appear on You Tube as an investment metal alongside gold and silver. My opinion is that it probably ranks behind platinum, but that seems to be less popular.

When copper doubles in value next year, remember you read it first in a "Jet Cash" thread. Smiley

No, when that happens I will show you my stock ownership certificates of copper mines. They fit better in my cabinet than physical copper.
3314  Other / Serious discussion / Re: Do you think there is a COVID treatment that is not available for all? on: July 28, 2021, 08:13:22 PM
I personally think there are things (including various medications) that are not available to ordinary mortals. This does not necessarily mean that they are hidden from the public, but that their price is such that very few people can pay them. If you are powerful or important enough (like the president) then you definitely have the advantage of getting such a medicament.

As for monoclonal antibody therapy, it is ethically questionable in the first place because it uses fetal tissue cells (from abortion) and in 2019 the US authorities suspended funding for such research - but that does not mean that it is not funded by private money. Trump received that therapy as they say from "compassionate use".

Monoclonal antibody therapy

This is a combination of antibodies, made by the company Regeneron, which mimic our own immune response.
The antibodies physically stick to the coronavirus so they can't get inside the body's cells and they make the virus more "visible" to the rest of the immune system.

Regeneron's treatment was developed using cells derived from an aborted foetus, which are used to test the antibodies' ability to neutralise the coronavirus.

The Trump administration suspended federal funding in 2019 for future projects using foetal tissue from abortions. The cells used in Regeneron's treatment were from a foetus aborted in the 1970s, so predating that move.

Last week, the company published results on its website showing the cocktail reduced the amount of virus in the body as well as the time it took patients to recover. However, this was in people who did not need hospital treatment and the data has not been seen by scientists or doctors.

The approach makes scientific sense and there is huge hope it will be effective. However, the evidence in patients is still very limited and these monoclonals are still classed as an experimental drug - clinical trials are ongoing. The president is one of only a handful of people outside those trials to undergo the treatment under what is known as "compassionate use".


I am aware that "compassionate use" is used for a range of medicines that somehow are know to provide a healing or mitigating effects yet have not undergone the full testing procedures. Obviously, people who suffer the illnesses that can be treated would recur to the black market or to other countries if denied their medicines at home and would be ripped off in the process.

That would be the perfect legal loophole to apply these high-cost not widely available medicines to specific people who can pay for them and have access to preferential treatment. I am thinking of two presidents now.

3315  Economy / Economics / Re: Bullish: 'Vast Majority' of Institutions Will Own Crypto by 2026: Fidelity on: July 28, 2021, 01:26:08 PM
As usual, my take on anything that Fidelity, Morgan, Blackrock or any other of the large wealth managers is the same: If they say buy "x" means that they already have a position in "x". Bitcoin is not different, the institutions will have bitcoin as it will serve a purpose and will dump bitcoin like a bounty hunter if that is in their benefit. Bitcoin is what it is thanks to all the community and we should be wary of strangers as their recommendations are no better than those of a shark advising fish.
3316  Economy / Economics / Re: Bitcoin is key to the future of Twitter, Jack Dorsey says on: July 28, 2021, 01:16:30 PM
Am I the only one who thinks that the strengthening in the crypto market is motivated by Jack's recent conversation with EM and Cattie?  Initially BTC, which was stuck at 32k USD, slowly rose to 37K USD, and this was quite awaited by investors and traders even though their conversation could also be seen from various sides, whether it was pure without any other agenda or there was another meaning behind the conversation.
It could happen, but we don't have accurate news yet. on the other hand we see that bitcoin has decreased by more than half. therefore it is not surprising that traders and investors start investing again considering that this is the golden area to buy on the fibo line

Today the market is moving up so the price is almost $40k, I'm sure buying will continue and bitcoin holders must be patient not to sell so that we get big profits, rest assured that a bull run will happen soon.

Why do we end talking about the price everytime that one of the CEOs of large companies talk about adoption? I believe that future growth by use embedded in these platforms is not a great strategy for bitcoin. Yes, I do agree that they would represent a great backing but they are serving the people and that is were adoption should be focused. All large platforms are unlikely to use anything that they do not control and if they do, eventually, they will try to effectively control it.
3317  Economy / Economics / Re: If you can get paid through cryptocurrency, do you still choose fiat currency? on: July 28, 2021, 01:11:15 PM
I am actually paid in both, but most of my income is fiat. It is not much of a problem to convert if I need to do so and, being honest, real world prices in fiat tend to be more stable and predictable, at least in the short term. You could argue that you could also convert from crypto to fiat, but it is a question of covering your expenses in the currency these are indexed to. It would make the same sense to get paid in Yens when you live in France. Inevitably, you would face variations in your budget.
3318  Other / Serious discussion / Re: Will vaccine passports lead to the demise of vaccines? on: July 28, 2021, 01:29:21 AM
Well I don't see Covid as an evil, but I think the people who created it are. So my choice is between a system that has been round for thousands of years, and has helped humans to become the potentially healthy creatures they are.
...

Again, fully confused by New Age gurus you are. People are not "naturally healthy", the life expectancy before there was anything that could be called medicine was 35 years and it still is in countries that cannot afford modern medicine. And it has only increased thanks to science, not just because the humans have become stronger.

Look



Now focus on on 1928 and how the curve goes crazily up. You know what is that? Fleming discovering penicillin. That is what true science and "pharma" do when correctly used. An now, do you see an sensible increase for some regions around 1880? That is Pasteur creating the science of immunology thanks to which you are alive. Donīt bother to go along the line of "I have never taken antibiotics"... your parents and ancestors expectancy of life would have been nil without these.

3319  Other / Serious discussion / Re: Do you think there is a COVID treatment that is not available for all? on: July 28, 2021, 01:20:44 AM
Covid is only a health risk if it amplifies existing life threatening disease. Those diseases should be treaterd and prevented, and we should stop using a minor Corona Virus to distract us from the main threats to good health.

I can only imagine what you would say if someone got so off-topic in one of your posts. My query remains, is there a therapy that is very expensive, quite effective and personalised for each individual and available for just some people?
3320  Other / Serious discussion / Re: Will vaccine passports lead to the demise of vaccines? on: July 27, 2021, 05:53:16 PM
How many vaccinated people actually understand the so-called science behind it?

I have a healthy partner who is currently caring for her younger sister, who is struggling with the results of failed cancer treatment. My healthy partner is interested in natural remedies and good diet, but her sister has embraced the myth of beneficial pharmaceutical drugs.

I'm not a hermit, and because of my lifestyle, I'm exposed to a wide range of infections in a diverse selection of communities. I believe that this has allowed me to build a robust immune system, and that I am beneficial to society, as I am killing and destroying many of the pathogens that the vaccinate pharma slavers fall prey to.

I insist that you choose a community in a COVID plant and have a traditional cuppa with them. Better if all you actually use the same cuppa to test your theory.

Re the failed treatment, I sympathise with your partnerīs situation, it seems similar to one in my near family. Precisely, no one that calls himself a rational scientific will ever argue that all the answers have been found and that science and pharma have the solution for everything.  However, when a scientific truth is found and accepted by the vast majority of the scientific community it is because, as far as humans can reach "truths", that is one of them.

I perfectly understand that if there are no answers to an specific problem or those answers are insufficient, people try to look for alternatives and experiment with themselves. I would do exactly the same and I am not blind to the benefits of natural remedies and good nutrition (hint, is not a full English breakfast).

In the case of the vaccines, it is very clear that 1 year of testing is not enough to give full certainty of their efficacy nor of the long term effects. That is science. However, there is a long stretch from there to saying that is better to remain exposed to an illness that is perfectly known to be highly contagious and is know to cause enough ICU intakes as to block the sanitary system. Sometimes you have to choose the less of two evils, is as simple as that.

Now you are free to go into a denial "there is no problem in the ICUs, it is not really contagious, I am immune because I eat organic carrots, ....) and that is where you are going against truly established facts and your opinion becomes basically irrelevant.
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