Completely agree to this point! I believe ETH or even Ripple is much better and faster if I want to transact in cryptocurrency on a regular basis. Transactions are cheaper as well compared to bitcoin!


That's true as well! Bitcoin is indeed a market mover and being the first cryptocurrency, it enjoys maximum attention from the non-crypto population. I have seen a lot of people never heard of the word "cryptocurrency" but at least heard the name "bitcoin"!

Maximalism is somewhat harmful in any context because maximalism stops the ideas of improvement flowing into the system.

But we also should not forget that maximalists are the most rooted supporters of a system! Without their constant support, bitcoin wouldn't have reached to this stage where we are standing today! So I would not necessarily say that Maximalists are doing more harm than doing good! As a community, it's always good to have a balanced mix of maximalists and progressive minds to grow and innovative!

I personally want Biden to win rather than seeing Trump for another term. However, looking at the public sentiment, it seems safer to bet for Trump! Americans seems to love his statements against foreign aliens and especially against a particular religious community. His planned hatred towards foreign workers  seems to have worked well with Americans!

But it's too early to start a betting on US presidential election. A lot can be changed in between!

Noble thought! It is indeed possible because the merchants will not be paying fees to the banks to get the settlement so the merchants will be saving around 2% + service tax on each transaction. If they want to use that money to create a loyal customer base by providing additional benefits, they can do it.

However, even though building such system is possible, the main bottleneck will be bitcoin's ever changing price. It will make the calculation extremely complex and probably needs to be calculated based on the actual transaction time, otherwise the profit can get vanished in the blink of an eye. So building such system is easier said than done!

Not at all! But it's good to have one ANN thread created by the owner himself. While there is no hard and fast rule to create an ANN thread, it's good from SEO perspective as well. Bitcoin is a hugely popular cryptocurrency related forum and opening an ANN thread will certainly help the casino to reach more people easily and for free.

Furthermore, when the owner is available on the forum, it gives confidence to the users. But there is no mandate!

I don't think it will go on forever. Yes, few countries have been hit by the second wave of covid now. Even in China, we are hearing news about new covid positive patients and many companies have again sent their employees to work from home. Even my company has again closed down their office in Beijing few weeks back.

But it can't go on forever. Entire world is trying to bring a vaccine for this and I strongly believe something effective will be found shortly. Also businesses are now more resilient in this new normal. So the kind of effect it had during its first wave, the same impact will not be seen during the second wave and even in third wave if any.

The vaccine is just a matter of time and the entire world is waiting for that. Let's just hope for the best!

I don't know why but the share price of Marathon Patent Group has been falling since last 5 straight days. It is now 8.33% down at 3.41 usd per share. Even though bitcoin price is gradually increasing over the last couple of weeks, the mining company is loosing value fast!

However, as per the general business sense, their share price should have skyrocketed because of their contract with Bitmain. The reason for order 23 million usd worth of mining equipment means, they are scaling up their production but the mainstream stock market reacted in an opposite way.

It's definitely a bullish sign for bitcoin but not sure why their share price is falling.

You can't do similar things with bitcoin right at this moment and I don't think it will ever be. However, I see one of my fellow forum member has mentioned about few DeFi platforms like Celsius network and BlockFi. You need to remember that they are centralized business entity and they operate in the same way as banks but at a much smaller scale.

They get money from you as deposit > They lend the money to the market > They earn interest on the money they lend > They pay you back a certain percentage of interest and earn the difference in interest

This is pretty much how these platforms operate. So please understand the risk before your actually go ahead and test those platforms. If you really want to earn through staking, there are loads of coins available in the market and you are free to try those at your own risk.

It's a $6 billion city that Akon has started constructing! I was reading an article on it just a day back and the article says that the city is almost 85% completed and the remaining work will be completed by 2023 for phase 1. The dream is big and I want to salute Akon for doing great things for his motherland. We all know that the city's financials will be completely powered by Akon's own cryptocurrency AKoin and it's a super-ambitious project for anyone on the earth due to its politically and economically disturbed location - Senegal!

We don't know if such a project can drastically change lives of the Africans or not, but I am sure it would definitely benefit the people involved with the project. Millions of people have found their employment during construction phase and more people will be employed once the facility is complete because it would need people to run the city. If changing lives mean a better job and better living condition, then I am sure Akon's city will do good in such parameters. But we don't really know about its long term effects yet and we can't really speculate because the project itself is one of a kind and very very unique in nature!

But if it really helps African people is good way, I believe more and more such projects would come up with the help of wealthy business tycoons. Let's just hope for the best because it is impossible to draw a conclusion right now!

If you aren't doing anything illegal - I see no reason for worrying!

But if the system designed by Russian company can effectively track the movement of the crypto assets, the hackers should be worried more because they obtain the crypto assets through their wrongdoings. I belive we need more such surveillance tools in crypto market so that the hacking and scamming incidents are reduced. Otherwise we are going to a very wrong direction right at this moment.

True! If illegal casino owners adopt cryptocurrency just to bypass the regulations, it will earn bad names for cryptos and consumer interests will not be protected. German government may impose some severe punitive measures on the top of the existing legislation.

So even if it looks rosy from the outside but may mot be as rosy as it seems from the inside!

Well Germany is probably doing it as a part of their financial reforms and to be able to stay ahead of the game because German legislators believe that digital currencies are the future. That's why they want to prepare the incubation ground and have it ready to adopt future changes coming to the financial market through cryptocurrencies. However, the article talks mostly about 4 major points and I see a serious concern in one,


This step should not open up a can of worm in crypto market. Reducing paperwork and legal costs mean, that releasing digital security will become easier for anyone who wants to raise capital for a new/existing business! ICO market gone down to drain only because anyone and everyone could start an ICO back in 2017-18. Same should not happen here as well. I am sure Germany will have more discussions before this draft bill can become a law.

VR is definitely taking the gaming industry to a whole new level like every new technology does during its own time. I love to watch VR gameplays in YouTube but they are mostly zombie hunting games. So if the same technology is used in online casinos, people will probably get a real casino feel sitting right infront of their computer. So that's definitely a plus and whichever casino implements such facility will have an edge over the competition.

But the gears needed to enjoy VR experience, are very expensive and also you need a high end system to properly enjoy VR. Probably that's a bottleneck for the users at this time. But as we have seen for previous technologies, more innovation and popularity, will eventually bring the cost downw later.

Don't forget Switzerland bro!

https://news.bitcoin.com/leading-swiss-stock-exchange-cryptocurrency-exchange-traded-products-shorts-bitcoin/

Having more and more ETF is definitely a good news for cryptocurrency itself provided they all deal in physical bitcoins. Then only we can expect the price of bitcoin to increase. Otherwise only the financial institutions will make money out of the volatility and no liquidity will come to crypto market itself.

Lol! It shows why majority of the Asian countries are still counted as "under developed" or "developing" to the rest of the world! It's all about mindset of the people who are running (ruining) the country. Same story here in India where one-exam-wonder bureaucrats are actually seeing cryptocurrencies as a big threat to the economy. But I wonder why foreign stock market investment is banned if a resident is doing it through a registered stock broker. This makes no sense at all!

Even I receive weekly newsletters from my bank and inevitably it alwys has a mention of cryptocurrency and how bad it is for the economy and how hackers are using it to exploit the common mass. So Banks will continue to play this game and try to divert people's mind from the actual truth because they all see cryptocurrency as a threat to any centralized entity.

Good Luck! You may want to open a foreign bank account at this point! There are banks who offer such services but it only makes sense if you are holding a big amount of cryptocurrency.  

It may be a part of larger conspiracy against bitcoin or may not be! But if a government has a set regulation to be follower for all crypto related businesses, that must be followed! Businesses in Germany are lucky because they at least have a guideline to follow while in majority of the other countries, guidelines don't exist and regulators are free to make up any charges against the illegal business operators.

If the rule is very strict for a small business to follow, then that can be addressed through various legislative channels, but ignoring the existing legislation and continuing to run the business, won't definitely bring good results!

Indeed! Paypal was once against the cryptos like many other banks worldwide. However, they have now understood the business and also understood that if they do not leap into crypto, slowly they will become extinct from the world of payments. That's why they have changed their stance towards it and now all set to welcome cryptocurrencies into Paypal system to be used by the global user base.

It seems they have already started their crypto services in selected countries. This is what I found in their US website,

https://publicpolicy.paypal-corp.com/issues/blockchain

Definitely KYC related matters will come with its own risk and there are millions of people who wouldn't like to go through that process. But it's no denying that crypto will slowly go mainstream with such initiative from global financial giants!

It's definitely not easy and that's why tools like chainanalysis found their way into the market - to track the origin and usage of a particular bitcoin by tracking down its entire transaction history from the blockchain. Definitely such kind of tools make certain bitcoin less fungible than others! That's why the community coined a new terminology called - Virgin bitcoin which are freshly mined and people are paying as much as 20% premium on the market price to get hold of such virgin bitcoins. It's a reality!

We already have seen few instances where exchanges banned user's account because the bitcoins they have withdrawn directly to a mixing service. Refer to the below discussion.

https://bitcointalk.org/index.php?topic=5221894.0

Chain Analysis is ruining the game!

Both DEFI and ICO have one moto - make money! DeFI is just a more sophisticated form of making money by its owners. I am sure DeFI is also going to have the same fate like ICOs sooner or later!

Definitely there will be few DeFI protocols which are going to stay for longer but most of the protocols will die eventually if not sooner. I have seen few non-collateral platforms as well and I am not sure how are they going to recover money from the borrower if the borrower runs away. It reminds me of BTCJAM and BTCPOP platforms where I have personally money!

The below statement of RBI itself is flawed and kept the gap open so that the banks can work against the interest of the account holders.


With this statement, now even banking ombudsman won't help to unlock the freezed account because banks are not acting against RBI statement.

Sonner or later, cryptos will be banned India because when building a temple become a matter of national importance even in the COVID situation - it clearly notifies that India has started moving backwards!

It is definitely paid promotion of 1xbit. Even though the rating is given by the review website itself, it is influenced by the payment made by 1xBit. That's the reason why we should not believe any such gambling review websites because they are here just to make money! If some casino can make them happy with payment, there's no way you will ever see a bad review. That seems like the case with "Crypto Gambling News" as well.

The best place to get an actual news about any casino is a community like bitcointalk where people can freely post about their experiences.