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3921  Economy / Gambling / Re: Duelbits Self Exclusion NOT Honored on: June 12, 2021, 06:24:32 PM
It's a sad story, op. I think it would be better if casinos processed requests like this and indeed banned a person if this person's struggling with addiction and is asking them to do it. But also, it's not casino's responsibility, and they are indeed interested in you depositing and losing more money. In any way, I hope you'll be able to get help that you need with your addiction (perhaps a support group could be helpful), and your life will get back to normal. I'm really sorry you've got gambling addiction, and I don't think it's your fault because addiction is something that happens to a person without them having a say in this. But you can fight it, and I hope that you will.
3922  Economy / Gambling discussion / Re: Gambling tax proposal in Ukraine on: June 12, 2021, 05:26:16 PM
I don't know why the 10% tax rate can seem huge to anyone if other taxes are higher and in Ukraine, people pay around 45% of their money in taxes if everything is considered (for example, there's a 20% VAT on any food you purchase in a supermarket, so the 45% figure takes it into account). But Ukraine just recently passed a gambling law, so I don't think that a new and significantly different one will be adopted any time soon. Oh, and when I googled it in Ukrainian, the news on the 10% tax rate are all from the beginning of March, so I'm not even sure the news is relevant anymore.
3923  Economy / Economics / Re: Own a house or rent one? Quick survey! on: June 12, 2021, 05:06:46 PM
With $100 you can neither pay the rent not pay out the mortgage, so it's hard to work with these numbers. Is the remaining $60 enough to get proper food, go on a vacation in summer and buy something nice once in a while? To me, it's very important whether a normal-quality life can be sustained while paying the mortgage. It's also very important to know how many years it'll take to buy a house under these circumstances. I would normally rent under these conditions, but I do want to buy a flat eventually, and it'll probably be via mortgage because otherwise I won't be able to afford it. I would take the mortgage deal if all the conditions below are met:
1. If I lose this $100 job, I'm confident that I'll find a different $100 job within a month.
2. The mortgage payments can be paid in no longer than 5 years with the current salary.
3. Paying $40 for the mortgage, I can sustain a decent living with the rest of the money, buying good food, being able to go to a restaurant on special occasions and save up a bit for one-week low-budget vacations with a loved one.
If even one of the things above isn't possible, I'll choose to rent and aim at finding a more high-paying job before I start with the mortgage, so that those conditions can be met.
By the way, the ratio you're giving with $15 for rent and $40 for mortgage is very realistic for my third-world country. But finance-wise, I'm currently renting, and it takes around 50% of my monthly budget, so mortgage is something I can't afford right now.
Oh, and I wouldn't want to buy a house anyway, I'm only considering a flat. Having tons of space is wasteful and unnecessary even for a family.
3924  Bitcoin / Bitcoin Discussion / Re: A problem for El Salvador, how do you think it can be solved? on: June 12, 2021, 04:42:02 PM
Since El Salvador has accepted bitcoin as a legal tender, we all know that there are some problems/challenges that will come with this new development.

First off, how do you think the government of El Salvador can help control and keep in check the usage of bitcoin in a manner that drug and weapons smugglers, as well as other criminals in their country don't be at an advantage, especially since it is virtually Impossible to get the exact real identity behind a wallet address since it can be opened with informations that are not particularly identifying unlike the banks, or to even freeze the bitcoin wallet of an individual or company for money laundering?
It seems that crime rates are really high in El Salvador, but I don't think that making Bitcoin legal is going to increase the number of violent crimes. Since the crime rates are already high, I think the criminals are doing alright with fiat already, and this sort of thing should actually disprove the hypothesis that Bitcoin is deeply associated with crime. In terms of Bitcoin adoption, I really don't think this will be the biggest challenge for the country. Huge challenges are the infrastructure for truly accepting BTC as payment everywhere, Bitcoin volatility or a system of fast transfers to fiat and fixing prices in it. But the biggest challenge is probably the fees which, given El Salvador's poverty rates, can easily be more than they have for food for a day.
3925  Bitcoin / Bitcoin Discussion / Re: Is it true that this cryptocurrency/bitcoin boom poses a threat to Earth. on: June 12, 2021, 04:24:14 PM
The climate change threat is very real, and I truly believe it's going to be the biggest challenge of this century. But it's not a threat to Earth, of course, but to humanity. Earth will bounce back eventually, but if humans don't to something very fast, more harsh weather changes are coming, many places will be under water so people will need to relocate, and all this will cost tons of money to the global economy. But if only fixing climate change were so simple like quitting using cryptos. Crypto mining contributes to climate change, but that's because of the sources of electricity. Apart from energy sources, there's also transportation, the meat industry, deforestation and many other things. So we have to tackle them as a compound, not focus on a drop of water in the sea.
3926  Bitcoin / Bitcoin Discussion / Re: Can El Salvador's adoption of Bitcoin as legal currency increase interest in Sat on: June 12, 2021, 03:51:11 PM
The minimum wage and the average income can be very different, but perhaps not that different. In my country, minimum wage is around $180, and the average income is around $350. But what's also important to take into account is the percentage of people in poverty, which in El Salvador is 30%. So 'not generally wealthy' is putting it mildly.
So maybe those having official full-time jobs are earning $1710 per month, but tons of people are out of jobs or something. As for owning Bitcoin, I do think that those having less than $4 per day per person there (and it's around 9% of the population) won't use Bitcoin because the fees would truly be abnormal to them. But as for many other people, they might still use it. Oh, but of course they won't all have 1 BTC or more, it'll be just a fraction of it. But it still counts. I think when people say 'owning BTC', they don't mean having more than 1 Bitcoin, but they mean a currency and owning even $20 in it.
3927  Economy / Games and rounds / Re: Sportsbet.io (Round #7) French Open Prediction Contest {Free Bets + Jerseys} on: June 12, 2021, 03:42:01 PM
a)  11   b)  1:38
3928  Alternate cryptocurrencies / Altcoin Discussion / Re: investment and loss anticipation on: June 11, 2021, 02:41:24 PM
Talking about cryptocurrencies, of course, it doesn't rule out investing or stocks, in this case, of course we have to be careful in investing because investing also contains risks. The risk here is to lose funds or other assets when the investment does not live up to expectations or even fails. Yes, it is true that we cannot invest and then only expect profits without understanding the risk of loss, but to warn of all possible losses, what steps should we take?
Any investment involves risks, but the approximate risk can be higher or lower, depending on circumstances. Investing in gold, for instance, involves lower risks than ingesting in Bitcoin, but the latter is also associated with higher profits. I think that to assess the risks of crypto investments, one has to look at price charts of the chosen coin and other similar coins in terms of market capitalization. This can help understand how much can be lost and how fast. Another important note is basic safety of funds (where to exchange them and where to keep them) because losing funds due to scam is more unpleasant that losing them due to an investment.
3929  Bitcoin / Bitcoin Discussion / Re: Tonga May Be The Next Nation To Adopt Bitcoin! Madness! on: June 11, 2021, 02:18:46 PM
Talks about buying BTC and adopting Bitcoin as legal tender on the level of national legislation are two very different events. That being said, I hope that interest to Bitcoin indeed rises in the eyes of the governments of various countries.
Regarding the US and EU comment, I believe that cryptos are already legal there, but they are treated as property or something similar and are thus subject to taxation.
Then again, it's no wonder that developing countries are more motivated to introduce favorable crypto regulations since they want to boost their economies somehow. As for developed countries, they already have strong economies and are thus assessing the potential risks  and benefits when choosing their approach to the crypto industry.
3930  Economy / Economics / Re: Ransomware hacks linked to Crypto are killing Bitcoin slowly !! on: June 11, 2021, 01:05:30 PM
Ok, so we have seen several large companies being targeted by hackers and then ransomware being used to extort money from these companies. The latest being one of the largest meat suppliers in the world ==> https://www.bbc.com/news/world-us-canada-57318965

The hackers will then demand Crypto currency payments to "unlock" the Cyber attack for these people to continue with their business. Now, most of the previous Cyber attacks have received little or no media attention.. but things have changed and these hackers are now targeting large companies and these hacks are getting a lot of media attention.  Angry

Cyber attacks linked to Crypto payments will ultimately lead to a "blanket ban" of all Crypto currencies, because this is giving the regulatory authorities the ammunition they want to ban Crypto currencies.

I will not be surprised if these hacks are government sanctioned attacks (Russia) to enable governments to instantiate these bans. (Now they have a perfect excuse to do it)  Roll Eyes
It's indeed a lot of negative publicity with these oil and meat supply chain hacks. It would be better if they preferred some other coins rather than Bitcoin. At the same time, I believe that Russian hackers were linked to these cases, and they might work for the Kremlin, actually. I agree with you on this point. So perhaps asking for payment in Bitcoin is deliberately done to make its reputation worse.
Nevertheless, we should remember that money is itself ethically neutral, and it can be used for legal or illegal activities. Dollar is undoubtedly used for many gruesome activities, and yet nobody suggests regulating it or thinks less of this currency because of it. The same must hold for Bitcoin.
3931  Economy / Economics / Re: Is Bitcoin Naturally Defined By 4 Year Boom And Bust Cycles on: June 11, 2021, 12:11:34 PM
That's an interesting observation, but maybe it's a little far-stretched. The ATH was established around November 2013, December 2017, April 2021. It's 4 years between 2013 and 2017, but a little over 3 years before 2021. And, of course, there's no guarantee that we'll have to wait around 4 years for the next ATH.
I'd also like to add that in 2017, there were some news about South Korea restricting the activities of crypto exchanges. As far as I remember, this was actually the trigger that led to the prices dropping. Here are some articles from those times that support this idea. As for 2021, a major factor was Elon Musk's announcement of Tesla stopping accepting bitcoins.
3932  Economy / Economics / Re: I want to start a crypto project, gimme advice on: June 10, 2021, 03:33:54 PM
You want serious people working for free? That sounds like a bad expectation you have there because professionals tend to value their time and work for good money, unless your project is related to a very good cause (like charities). As for investors, you can look for them here or on some crowdfunding website. Being open about your ideas has more chances that someone will get interested. As for followers, a really simple thing is launching a token and making a Bounty campaign in the Altcoin section, but this will just give you numbers, not a truly dedicated community. When you have funds, launching a Signature campaign on the forum can raise the popularity of this project.
3933  Economy / Games and rounds / Re: Sportsbet.io "UFC 263 Multi Master Challenge" on: June 10, 2021, 03:20:38 PM
14)  Israel Adesanya
13)  Deiveson Figueiredo   
12)  Leon Edwards
11)  Demian Maia   
10)  Jamahal Hill
9)  Drew Dober
8 )  Eryk Anders
7)  Joanne Calderwood
6)  Movsar Evloev
5)  Alexis Davis
4)  Matt Frevola
3)  Steven Peterson
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1)  Carlos Felipe

90 total strikes
3934  Economy / Games and rounds / Re: Sportsbet.io (Round #6) French Open Prediction Contest {Free Bets + Jerseys} on: June 10, 2021, 03:11:48 PM
a)  11   b)  1:46
3935  Economy / Economics / Re: Permanent residence in El Salvador for crypto entrepreneurs on: June 10, 2021, 01:30:32 PM
Accepting Bitcoin is one thing and, while great news, cannot help improve the economy of this country much. This, on the other hand, is great news, because simple procedures to get permanent residency for entrepreneurs can stimulate businesses to open or relocate there, creating jobs and boosting the economy. However, given the unstable situation and violence rates, I'm not sure how many would take this opportunity before at least some safety guarantees are put in place. Favorable tax policies are also very important if they truly want the businesses to come to them.
3936  Bitcoin / Bitcoin Discussion / Re: 1 Year From Now: 5-10 Countries Accepting BTC As A Legal Tender on: June 10, 2021, 11:20:29 AM
Accepting Bitcoin as legal tender is a bid deal, and I think that a few more countries joining El Salvador within the next year or two is a realistic expectation. Nevertheless, making Bitcoin legal and businesses actually accepting Bitcoin are two different things. We'll see whether Bitcoin stays on the legislation level in El Salvador, but it's early to cheer just now. Also, I thought that Japan already accepted Bitcoin as a legal tender years ago, but apparently it's called property rather than money there. In any case, the legislation making adoption possible is great, but it only provides the ground for businesses and customers to catch up, and they might not use this opportunity.
3937  Economy / Exchanges / Re: Searches for crypto exchanges currently blocked in China on: June 10, 2021, 10:52:22 AM
Wow, that sounds pretty tough. I've heard of the mining restrictions in Inner Mongolia, but I thought that it was a local policy, and that it only had to do with mining. Is trading cryptos currently illegal in China, or are these just some blocking activities that don't actually have laws behind them? But then again, it's true that tons of things from the Internet are blocked in China, so perhaps it shouldn't be that surprising. What IS surprising is that crypto businesses continue to operate in such a hostile environment.
3938  Bitcoin / Bitcoin Discussion / Re: China's official view of El Salvador on: June 10, 2021, 10:19:24 AM
If they didn't get it right with fiat and the banking system, it doesn't mean they won't be okay with cryptos. Of course, someone working for a bank would claim otherwise because banks are interested in getting more customers and cannot admit that they might be unnecessary and even obsolete. Bitcoin volatility can be a big challenge, of course, but they have USD in El Salvador, so the prices can be fixed in fiat with Bitcoin being used as a payment. Another challenge is the fees, but luckily, they're currently relatively normal. That being said, no level of BTC adoption can solve the huge economic and political problems of this country, but banks can't solve them either.
3939  Bitcoin / Bitcoin Discussion / Re: How much bitcoins was lost permanently? on: June 10, 2021, 10:03:38 AM
There are some estimates about lost BTC, and the number is around 3-4 million Bitcoins. But it's important to understand that it's impossible to know the real number and how far off the real number and the estimate are. If bitcoins aren't moved for years, they can be presumed to be lost, but it doesn't mean that this is truly the case. After all, people can have access to them and simply hodl them all this time. Then there are Satoshi's bitcoins which might be lost but are possibly not. And even when people claim to have lost access to their wallets where they had big sums, there's a chance they'll find their passphrases at some point. The only truly lost bitcoins are those sent to burn addresses to which nobody has access, but I'm not sure that even all of those were counted properly, and they make up a very small amount out of these millions anyway.
3940  Bitcoin / Bitcoin Discussion / Re: I was invited by a group of young students from India to educate them about BTC on: June 09, 2021, 04:25:05 PM
Congratulations on being invited to talk to students about Bitcoin! Talking to young people is pleasant when they're motivated, and if they're asking you to give a talk, it means they're eager to listen to you. I'm a school teacher, but my subjects have nothing to do with cryptos. Nevertheless, I try to incorporate some mentions of Bitcoin and Blockchain in middle school because I think it's important. I was also pretty surprised this year when 6-graders knew about Bitcoin's existence, whereas even last year I had 7-graders who didn't know anything about it.
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