So, as you can see... legislators are only worried about the taxes, because it all comes down to loopholes that can be used for tax evasion and that will hurt their budget. (salary)     They give a rats ass about the threat of the sovereignty of the Crypto currencies and the threat it pose for their reserve currency... because the potential tax losses is the most important. 

Also, the tradition financial sector are putting pressure on government to apply the same rules and regulation on Crypto assets, than what is required from them. (The brokers and financial investment firms are losing millions of dollars, because people are trading Crypto on their own and they not using their services.) 

I think I would do, what most newbies will do... which is nothing.

Let me explain... Most people fear the unknown, so when faced with something unknown.. they will do nothing, until they researched the new thing that was presented to them. When they fully comprehend what the "new" thing is, it will either tickle their curiosity and they will investigate further OR they will not be interested and simply find a way to get their hands on the "cash".

I have seen this first hand, when I gave people a "Paper wallet" with some bitcoins for Xmas... I would say more than 80% of those coins are still on the paper wallet and only 20% of those coins have shifted to a new Bitcoin address. (possibly transferred to an exchange to be converted to fiat currencies) 

Guys... with every Lottery... it is all about luck and odds.... the more tickets you buy, the higher are your odds to win it, but it is not impossible for a person with only 1 ticket to win the Lottery. (Lambo competition)

Also, when someone spend 1000s of Dollars on the tickets and he or she wins the prize.... then their reward will be smaller than the person who only spend a few thousand Satoshi's on 1 or 2 tickets. 

Money or Currency has to evolve with the needs of the people that use it. Let's take the evolution of payment methods as a quick example and why things are changing...

Humans first bartered with Goods and Service (I give you 6 eggs for 1 bread) and that was fine, until someone figured out that you can replace the goods and services with something that represent value. (1 x seashell = 6 eggs etc..)  It was just more effective to pay someone with 20 seashells ..than having to pay them 120 eggs for say ...a wagon wheel.

Then in ancient China, someone figured out that you can use paper or rocks carved in a specific way to use as currency and later metal coins was used. (Gold & Silver) ....and things evolved from there.

Then paper currencies was backed by Gold and when people figured out that Gold will not be enough... they created (IOU's) out of thin air to be guaranteed payment that are backed by the government. (Today we call it Fiat currency)

Then clever people invented computers and databases and debit cards and credit card.. (Now you do not even own the money, but you borrow it from the Banks and pay them interest for using it)  

Satoshi Nakamoto then developed "Bitcoin" ...because he wanted to offer people a payment option that were not controlled by governments... and also something that gave people some privacy. (pseudo anonymity)  

Bitcoin evolved into 1000's of Alt coins .... and it is still evolving since then.   (People wanted more privacy and the developers gave them Dash.... people wanted better Smart contract platforms and they developed ..say Ethereum... 

The problem is, most people will only adopt new technologies... if it is more convenient and more user-friendly. Now take Bitcoin in it's current application and tell me that it is better (without the Lightning Network) than other payment methods. (Example : Debit and Credit cards)

When I use a debit card, I simply tap at the pay point and enter my pin to finalize the transaction in seconds.... now compare that to a Bitcoin transaction that takes almost 10 minutes to confirm.    (Why will merchants and customers move to a payment option that are less effective?)  

Yes, Bitcoin transactions cannot be reversed and for small amounts, like a cup of coffee.. merchants can accept zero confirmations (low risk) ...but that is not ideal. Also, Credit card and Debit card transactions just look like it is instantaneous ...but it can take up to 2 days for the actual transfer of the money to take place between the different Banks.

Bitcoin transactions will be much faster, if the Lightning Network can be adopted by more merchants and customers.  

I honestly think Stake are funding too many promotions and Giveaways and Brand Ambassadors lately and this might be why we see so many complaints in the Chat channels about people saying that the RTP on games are too low. There should be a good balance between marketing the casino with new offers and giving the players an enjoyable gaming experience. (24 hour race / Weekly / Pre-Monthly / Monthly / Eddie's weekly Stream with Bonus codes and $100k Raffle / Conquer the Casino prizes etc..)

It is no use for a casino to pull in more players with huge promotions, but they leave because the RTP is too low. Yesterday, I played 7 different Slots with 1000+ bets on each Slot and none of them gave me more than 80 wins out of the 1000 bets. We all know how Slots work, you get regular small rewards... to keep you playing, but over the long run.. the casino gradually take it all. (Now, in my experience... Stake has set the RTP too low, so many players now feel like they are losing too much... and they move to other casinos with a higher RTP)

Let's give constructive criticism to improve our great casino... and ask them to reduce the funding of these marketing schemes and rather give us a more pleasurable gaming experience with a higher RTP.    (They do not need 6 UFC Brand Ambassadors)  

Dude, seriously... I think you have to either go and see some Psychologist or change the drugs that you are pushing up your arm. The different identities within your mind is clashing and you are looking like a idiot.  

One moment you are a "Goldbug" and the next moment you are bashing Bitcoin and then you turn around saying you only support the pre-2014 crew... and then all coins based on SHA256 is a NSA creation... bla bla bla... What is next? (Is Bitcoin not created by Aliens... or some bat shit conspiracy?)

I think the only cult here, is the cult you created for the 1000s of personalities in your brain and conspiracy theories they have.    (One thing you did manage, was to troll me into replying to your rubbish thread.... something I seldom do.. because I do not like to feed the trolls)  

When you can come back to us and get your main personality to define what you are really supporting and what you stand for, then we can have a grownup discussion.

I can now see why you have a difficulty accepting Bitcoin, because old farts that lived in the past, cannot comprehend what disruptive technologies like Bitcoin can bring to the world. Lotus 1-2-3 was a spreadsheet (it's strongest application in the suit) that ran on DOS and if you think back then, you would realize that it was actually one of the programs that spearheaded the great spreadsheets that we have out there at the moment.

So, let's see what happened... between 1980 and 1990 .. Lotus 1-2-3 was the go to software for most people who worked with spreadsheets and charts etc... but then came Windows with it's GUI and Lotus 1-2-3 had to adapt, but they did not.... IBM bought them and they went on offering different versions to about 2013. (  Not a bad history, in a IT era where Software and Apps last about 1 to 5 years, if they are relatively successful )

Now, take Bitcoin and see where they changed and adapted to the changing environment... SegWit / Sidechains / Lightning Network ... So, Bitcoin is not waiting for it's competition in Altcoins to disrupt or replace them, it is evolving.  

Also, I never said USDT is Fiat... I am using Fiat as a Comparison ... because if you do not support Crypto, then Fiat currencies are your only option.

Bitcoin do not need a cult to support it, the technology can stand on it's own... What it needs is people like myself .. to destroy the FUD and misinformation that are directed at it to sabotage it, by people like yourself.    - The wrong thing to do about any given circumstance or situation is to do nothing. - Hubbard 

The latest Bitcointalk Troll continues with his foolish attempt to discredit Bitcoin, but it gives us an excellent opportunity to smash his theories and the FUD that he fabricates.  

He says :

1.) BTC is not unique
Answer : Oh yes it is, it was the first Crypto currency, from which all Alt coins was copied and nothing can change that.  
 
2.) BTC is easy to hack
Answer : Wow, Do your homework fool, It is backed by the most hashing power in the world... no other Alt coin comes close.

3.) BTC is fake pricing backed by USDT which is also backed by nothing
Answer : Fake? Look at Fiat currencies and how governments manipulate their value. Bitcoin is based on actual Supply and Demand.

4.) Once the selling starts, the 'price' will go to zero
Answer : Thats what they said in 2018 and guess what it was $18 000 back then and within a few years it shot up to $60 000  

5.) Just because something went on for 10+ years means nothing the history of financial swindles.
Answer : The average lifetime of a paper currencies is 40 years before it fails. Some currencies last longer, like The US Dollar and the Pound sterling.... So I guess Bitcoin is still going strong, compared to other currencies.  

https://en.wikipedia.org/wiki/List_of_Ponzi_schemes <== Strange, Bitcoin is not on this list. 

Let's end this discussion here guys... because we just giving this Troll exposure... to spread his garbage.  

I think you are looking at this as a person that are used to "fiat" currencies as a medium of exchange. Fiat currencies price does not fluctuate a lot, because the value is manipulated by the Reserve Banks. Bitcoin is a lot more volatile and it is a challenge for merchants to adapt to that, without using Payment processors.

The Bitcoin price will also become less volatile in the future, when bitcoins gets distributed to more people and you will have a scenario where there are less whales to manipulate the price. (Large Whales are currently manipulating the Bitcoin price) 

I will definitely add more trading pairs for other Alt coins too, because it's basically just BTC/ETH/USDT/GBP at the moment. Also, you should clearly define the trading pair option as a "button" to show people that you can actually click on that option. (It currently looks like a display and not a functional "button" that will offer a pull down for the other trading pairs.

In any way, most of the other functions works well and it is very informative to watch the Exchanges doing it's thing. I will most definitely add this to my favorites.   

How far back are the Exchanges going to go back into the transaction history to enforce that requirement?  All coins are going to go through a Mixer eventually, so the Exchanges should then "ban" people's accounts, if the transaction history shows any mixing of coins and that will kill their business. 

I am registered with several online platforms where you have to deposit coins and then withdraw it, so I just flush the coins through these legitimate services and then Exchanges have no problem with it. (Obviously if these services use KYC ... you will be identified) 

Fossil fuels are the thing of the past and more and more people are making the mind shift to "cleaner" energy sources. The thing is, the fossil fuels are so much cheaper than "clean" energy to produce. The Saudi cartels will release more oil, when the "clean" energy becomes cheaper and we will have "fossil" fuels..until it runs out.

I will invest in both Oil and renewable energy companies, because they still make profits... but my main investment will be in Crypto currencies... because I think it is the future and the volatility makes it a good investment for very good gains. 

It's all about a balanced portfolio.. 

This is pure Bullshit....

" .....His painting of Gods Name sold for $1 Billion USD last year." - quoted from the site..    (There was no painting that sold for $1 Billion)

https://www.artnews.com/list/art-news/artists/most-expensive-old-masters-works-1234581432/ ...... "Leonardo da Vinci, Salvator Mundi (ca. 1500) Sold for $450.3 million

Do a bit of research before you post nonsense like this please... and stop spreading FUD.     Take into consideration that "The Mona Lisa" is believed to be worth more than $850 million. <=== Most expensive painting in the world

I do not know what the reason is for you to be spreading nonsense like this, but please do a much better job... because it is easy to spot FUD when people do not put the effort in to research their statements.

Ok, what happens with most of the Alt coins are this. The Coin is launched and loads of people will quickly buy a bunch of it, because they know that there will be a small window for a "profit" before people start to dump it again. So after they profited .. they will buy back into Bitcoin (BTC) or they will convert it to Fiat.

We know the real long-term proven Store of Value is in Bitcoin and not in a Pump n Dump shitcoin, so we profit from the short-term coins and then move on to the next one... 

This is just how trading and Alt coins work... some of the coins like ETH /XRP / LTC are actually used and they stay around a lot longer, so some of those profits are dumped into them, to diversify the Crypto portfolio. 

Freebitco.in is not a Cryptocurrency lending plarform, like the Celsius Network and also not just a faucet and a Casino. You can earn just over 4% per year on your Freebitco.in balance and the interest is paid out to you on a daily basis. (reducing the risk, with every payment that are made, because you are getting a small potion of your investment back every day and it is interest on interest.. because your balance is also growing with every payment that are made.)


Yes, I gamble for free on my interest and I also get free rewards for all my actions... by just having a high balance deposited on Freebitco.in.

In a lot of countries, you will not get 4% interest on your fixed deposits or other investments and it will also not be paid back on a daily basis.  

Well, one thing is clear.... there is definitely not a scarcity of fiat currencies to be utilized to subsidize and fund these problems with Tax money. The government printing machines are printing non-stop and the printers are not running out of ink. The tax payers are feeding a social grant system, where the unemployed people are increasing and this is causing a bigger burden on the tax paying public. 

Now, this is causing an interesting ripple affect ..because the bigger the social dependencies, the more pressure are placed on the tax payers and when the pressure increase too much on the tax payer, then more people are pushed into poverty. (The Super rich are then over taxed and they (and their businesses) then relocate to countries where there are lower taxes.. causing more unemployment) 

Ask yourself this.... Let's say we shift to a Coin that are currently running on PoW with a low difficulty and low energy usage... Will it stay that way? Answer : No, it will not stay that way, because the whole Protocol are designed to increase the difficulty.. as more hashing power are added.

So the Alt coin that are currently using less energy than Bitcoin, will eventually use the same or more energy ..if more miners shift hashing power towards it.  

Also, How do these so-called experts calculate the total "dirty" energy used, if they cannot determine how much of the energy is sourced from renewable energy sources? (Hydo electricity / Solar / Wind power etc... )  

The vaccines does not stop you from getting the virus, it just make it less dangerous or deadly when you get it. So you can still get the virus and transmit it to other people and some people do not even have symptoms, so they can transmit it with a sneeze (not as a result from having the virus, but just something that irritated their sinuses) 

Most of the Brick n Mortar casinos only check your temperature as a preventative measure and they do not even clean the Slot machines after you played on them. ( I wear my mask and I walk around with hand sanitizer..even if it is not a requirement) 

Is it just me, or is the RTP for Slots lower when there are events on? During "Reload" times and when there are a promotion on specific Slots... the payouts are far smaller and far in between. I have been playing some of these Slots for weeks, so I kinda got into some rhythm with some of them.. so it becomes easier to see when they are not paying as normal. 

The volatility of these Slots also increase.... so I reckon the 3rd party Slot providers will tweak them to be more difficult or less generous when there are some kind of promotion on them. (So the promotion increase the amount of players competing for the prizes, so they reduce the payouts) 

Interesting to see how these things are being "controlled" to fund the promotions and to prevent large losses.