Yeah, I also haven't heard of a single utility company which directly accepts Bitcoin payment. But what I meant to point out was that those payment centers who are accepting Bitcoin and other cryptocurrencies will definitely stop such service the moment the new directive is implemented. However, in the case of coins.co.th, they could probably say they are not really accepting crypto as payment. Since they are a registered exchange they are converting their clients' crypto before making the payment.

Yeah, many are saying the Philippines is actually not that cheap. But, you know, as in every other place, there's the divide between the highly luxurious and the not-so-expensive. The latter doesn't necessarily mean uncomfortable and without class. They may not be the 5-star type of accommodation, for example, but they're excellent. And with $6,000 a month, to borrow from Dirty Heads, you're gonna be on vacation every single day. And that's whether you love your occupation or not.

There's no necessary conflict. FIFA has its own governing body. Qatar cannot dictate in any way FIFA's decision-making processes. Qatar cannot disapprove companies that have inked sponsorship deals with FIFA. After all, Crypto.com's brand will only be promoted through FIFA World Cup. It doesn't mean it will operate in Qatar. In the same manner that there will probably be gambling companies and casinos that will be sponsors of teams participating in the World Cup. As we all know, gambling is prohibited in the Islamic country. But that doesn't mean Qatar will not allow teams that are promoting gambling.

I think there was only a single user who posted an affiliate link. The rest didn't. But it seems it's equally troubling to see a number of newbies making their first posts by opening threads praising Betnomi. So not only are there brand new accounts making single posts one after the other inside the Betnomi thread, there are also others who are doing it outside Bentomi's ANN thread. I was wondering how this suddenly came about.

I think they're still currently offering it. As far as the new Thai SEC directive is concerned, I'm not sure if coins.co.th is covered by that. It depends on the implementing rules of the directive. Actually, if I'm not mistaken, users are not really paying with cryptocurrencies to pay their bills. Their bills are actually paid in fiat and coins.co.th is only acting as an exchange of their crypto to fiat. So perhaps coins.co.th could argue that crypto is actually not being used as a payment method.

Just what I was thinking. That's why I was confused a little bit. So instead of this:


You meant to say the opposite, that people are more encouraged to hoard their currency?


All right, deflation is more or less generic. By default, deflation is perceived to be negative precisely because of your point. However, deflation could further be qualified. If the supply is only racing against demand and ends up winning because of whatever factors like the use of better technologies, the discovery of new efficient productivity methods, and others, positive results are seen even if the prices of goods and services are falling. So while there is negative money supply shock, the reduction of circulating money, it will have little affect on the economic output.

There was this study whose findings were released in 2004 which argued that recent cases of deflation were actually economically good rather than bad.

Moreover, when Switzerland experienced falling prices for around 5 years, rather than economic downfall there was economic growth. Rather than the expected rising unemployment, there was a decrease.

You talk about inflation as if inflation is a temporary thing. Inflation has been around for hundreds of years and you are guessing it will suddenly be gone in 2 to 3 months? Why is that so? Are we now leaving the old economic system all of a sudden? Are we now having a paradigm shift?

My response is not because of the news that I am reading and watching but because of our fundamental economic design which includes inflation as an integral part.

Skills in general, not just digital skills. In times of crisis, you are always at an advantage if you have the skills, more like real-life skills rather than online skills. If there is a world war happening, mostly likely there will be a severe interruption of the internet. Not just the internet but probably electricity and communication in general. There is a possibility that the world would be leveled and we'll be brought back to a kind of life only experienced ages ago. So skills like automotive, carpentry, plumbing, driving, dressmaking, haircutting, and the like would be of much help.

I'm sorry but you seem to be dreaming of an alternate reality. There is always the possibility that an increase in interest rate will happen. But never will it be possible for the government to abruptly reduce as high as 80% of the entire money supply. If you could please share to us your explanation why such a drastic step would be made.

Forget about a war brought about by a shortage of cash. We will never have a shortage of cash. As a matter of fact, the existing fear is the opposite, that we are going to be flooded with too much cash.

Did you mean to say this? I don't quite get your point here. It seems you are comparing two similar bananas. If the prices of goods and services are decreasing, people won't be hoarding money. Spending would be encouraged because things are affordable. So there will be more circulation of money. On the other hand, another explanation would be that if the prices of goods and services are continuously falling, people would not be discouraged to hoard money. It's because buying in the future is better than buying at present. So there won't be circulation anymore.


To be honest, I am also confused. I think I will have to reread the entire explanation a few more times before its meaning will finally sink in. Because if this: "If the economy that uses Bitcoin grows, the per-unit value of Bitcoin proportionally increases also." then why this: "Bitcoins only deflate in value when the Bitcoin Economy is growing."

This was also true to me. I don't know but perhaps many of us were attracted by the influence of altcoins during those years when altcoins were rising tens and tens of folds very quickly. Admission on an exchange was even enough for an altcoin to quickly rise in value. Perhaps the part we were wrong about was that we thought the temporary pump meant the project was promising and because of that we kept a lot of those shitcoins.

If you are a crypto lover and you choose USDT over anything else, you are not a crypto lover. Why would you be going into crypto if what you will hold is a coin representing the US dollar?

If I were to stick to USDT, I would rather be sticking with cash. At least with my cash, I am in total control of it. I can secure it however I want. If you own USDT and you keep them in exchanges, you are getting into unnecessary risks. First, Tether could freeze USDT. Second, exchanges could freeze your account.

Finally, you aren't protected against the continuous devaluation of fiat if you are with USDT.

Of course, it is good. And timely as well. But since you mentioned about profitability, I don't think crypto should be taught in such a way as to convince the students that it is profitable. I don't think that's a good approach. It should be taught in an objective or technical terms.

Of course, it would highly depend on which approach it will be discussed. So in terms of cryptography, blockchain, programming, security, coding, and the like, it should be introduced under the computer science department. In terms of Bitcoin's economic implications, it should be discussed in economics class. Finance classes could also delve into crypto for its monetary and financial implications.

This is probably far from accurate, but at least this goes to show that Bitcoin is present everywhere. And without a marketing department or a PR agency hired to spread the brand, having reached 200 million supporters in just a little more than a decade is a truly amazing feat. Of course, I assume that every crypto supporter is a Bitcoin supporter.

For the next decade, I am more than sure the figures shown in the map will more than double. With this, I hope more stores and shops and restaurants and bars, hotels, casinos, and resorts will be opening up for Bitcoin payment.

This is interesting. I really admire your hobby.

I myself have long been planning to live my dream life and this includes backyard gardening. But this is not simply because it will give me additional income or it is a nice hobby. It sure will give you additional income and it is also surely a great hobby, but I was thinking of this not only because I want to eat food that is guaranteed fresh and clean, but also because my country's economy is deteriorating fast.

Amid the rising inflation, a kilo of red chili here had even surpassed $20. Spices like red onion, garlic, ginger, and others have also noticeably increased in price. Locally produced goods are expensive because of high production cost so we're mostly relying on cheap imported ones. Sometimes they're not available.

I hope the rising inflation and the overall economic challenges would encourage people to make use of their available land spaces for growing their own food.

This is generally good not just for Crypto.com but for cryptocurrency in general and even Bitcoin.

But this is not something surprising anymore. Crypto.com has always been aggressive in its marketing and ad promotions. You can see the brand everywhere, from the huge Staples Center, which is now named Crypto.com Arena, down to small taxis in different continents, from Europe to Southeast Asia.

They're also very interested in promoting their brand through sports events and leagues. Before getting into FIFA, they're already in Football, UFC, and F1.

I'd be interested to know the probability of hitting the jackpot. It must be so low considering that you only need $5 per spin to have that chance to hit the 473,949.79x multiplier. Is it right to somehow liken it to the probability of hitting the jackpot of a national lottery?

Personally, I am not a fan of playing for the sake of hitting a jackpot which only happens once in a blue moon. Of course I don't mind playing. But I also do not want to play more often because of such possibility and with all seriousness or a fervent hope. I'm afraid the bigger the jackpot is, the deeper the hopes of many players and the bigger their loss.

You're now confusing me even more.

First, there was this:


But then there was this one:


I cannot see any economic explanation here. So which is which? Is it economical, ideological, political, geographical? Or was it simply a dream of the past? A vision of the future? Or was it simply a war waged because of brainwashing?


I completely agree, but my point is that even in a fair democratic process a madman could win. I myself freely voted for a president, and he's a madman, perhaps of a lesser degree.

We all know nothing about Putin's mental condition, you and I. We can only surmise. So we may be looking at the same man waging an invasion in a sovereign country, dropping bombs on parks and schools and homes and malls and everywhere, but we could still have different opinions of him.

I am seeing a madman and a devil. Others may see a completely sane man and a prophet.


So why even attempt to explain everything as if they're economical?


1. Is it unimaginable for an entire country in these modern times to elect a madman? Look around. Or does a people even elect?
2. This is the modern era. As such, it shouldn't be an era when a country would rape another country for whatever selfish reason, may it be economical, ideological, religious, geopolitical, and so on.
3. I don't know much about the Russian population. What I'm almost sure of, though, is that they prefer peace rather than war.
4. I don't trust much the western media and the resources made available by them, but I think it's much harder for me to trust the Russian media and their resources.
5. Please, you cannot bomb innocent little children because a purported genocide happened 8 years ago, can you?
6. Can you talk of demilitarization and denationalization and Nazism and liberation and bomb children and helpless women and old people?

Same here. I hope Best_Change will find time to respond soon.