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4221  Economy / Gambling discussion / Re: 'Game of Skill': US Markets Tech Provider Launches Bitcoin Betting Game on: September 01, 2017, 04:54:36 AM
I used to do draftkings and fanduel, both are fantasy sports games. They should probably be classified as games of skill.

For whatever reason both were banned in some US states and I still have money stuck on their servers I can't access/withdraw since it was banned in my state & my accounts were frozen.

I like that people are trying new and innovative things but be careful with "games of skill" and check if its legal in your state/area. Could save someone pain and misery over the long run.
4222  Economy / Economics / If You Hate Poverty, You Should Love Capitalism on: September 01, 2017, 04:40:45 AM
This is a decent youtube clip emphasizing positive aspects of capitalism.

https://www.youtube.com/watch?v=_n6ivGgb9RY

More fuel for the discussion on capitalism fire.

The main point alleged here is: "world poverty has fallen by 80% since 1970".

They claim capitalism is the main driving force behind reduced levels of poverty over the past 5 or so decades, which in turn implies capitalism creates elevated living standards.

4223  Bitcoin / Bitcoin Discussion / Re: Uber’s New CEO Is a Bitcoin Fan on: August 31, 2017, 09:24:59 AM
Uber drivers could conceivably cut uber out of the equation and collect the entire fare for themselves.

Uber is an unnecessary middle man within the grand scheme of things and middle men have a tendency to be eliminated as walmart has shown with them reducing the links in the chain separating their suppliers from their distribution centers.

Uber has a reputation for indulging in some sexist and uncool things, adopting bitcoin may not be enough to save them or their brand.
4224  Economy / Economics / Re: How did Bitcoin save Venezuela? on: August 31, 2017, 09:07:50 AM
Bitcoin represents innovation, progress an invention developed under capitalism in the private sector. Rather than a development made by the government or under a state funded program.

Communists/socialists hate innovation, progress and capitalism most of all.

This is the reason venezuela's oil rich economy has been driven into ruin and decay.

It would be great if bitcoin could save venezuela but under the current, repressive, regime which hates anything that isn't socialist that isn't likely to happen.
4225  Economy / Economics / Re: Btc and government, what does the future holds? on: August 31, 2017, 09:01:00 AM
It crossed my mind yesterday and I was thinking what if the government wakes up with an obnoxious law against btc ?
Its trade, exchange and outrightly banning btc usage.
Is this possible?
Do you see this coming?
What do you think & what will happen?

If you're referring to the united states, look up something called "senate bill 1241" which involves crypto currencies/bitcoin.

It contains provisions which would allow the government to seize crypto for no reason with no checks or balances. It contains other controversial content including adjusting the terms gift cards and others associated with bitcoin/crypto are forced to operate.

It is also possible that the united states government uses its influence to protect chinese bitcoin miners having a controlling stake rather than a more decentralized mining base operating internationally. There's a lot that could be said on the topic. I wouldn't view my own post as being particularly informative or a decent overview.
4226  Economy / Gambling discussion / Re: Gambling and Superstition on: August 31, 2017, 08:44:07 AM
I think superstition is a way for people to try to find win/loss patterns in gambling.

They try to recreate circumstances identical to instances when they won a game.

This is where lucky charms and other things come from.

The frightening thing about gambling may be there is no way to recreate a win.

There are no patterns and every case is completely different.
4227  Economy / Gambling discussion / Re: UFC 215: Johnson vs Borg Info and Prediction Thread on: August 31, 2017, 03:29:23 AM
There's no thread in this section for UFC Fight Night 115 Alexander Volkov vs Stefan Struve which is on september 2nd 2017, about 3 days from today.

If no one makes a thread, is it ok if I do it?   Huh

Also there have been multiple Dana White's Contender Series events on tuesdays. The last event of series 1 aired yesterday. Not certain yet if there will be a 2nd follow up series sometime in the future.
4228  Economy / Economics / Re: Is America a failed nation? on: August 29, 2017, 11:52:36 PM
America has gone from being a country which prided itself on God, guns and the constitution.

To having a high percentage of communists & socialists that are offended by the sight of the american flag who want to destroy capitalism, freedom of speech, the 2nd amendment and everything that allows americans to enjoy rights and freedom.

There definitely is a strong trend towards america becoming a failed nation and losing the things that made it different from stalinist russia or fidel castro era cuba. Whether that influence can be resisted and overcome, we will see.
4229  Bitcoin / Bitcoin Discussion / Re: Who do you think is Satoshi Nakamoto? on: August 29, 2017, 11:48:01 PM
David Kleiman is the most likely candidate. Unfortunately Kleiman passed away in 2013. We may never know for certain if it was him. Here is a good article on the topic.

Quote
Everything makes sense if David Kleiman was Satoshi Nakamoto. Here’s why

There is so much about Craig Wright’s claim to be Satoshi Nakamoto that does not add up.

It all started back in December when he was ‘outed’. The problem is all the evidence back then pointed to an elaborate fraud, orchestrated by Wright himself.

Why would Craig Wright want people to believe he is Satoshi Nakamoto? Well, he’s under investigation from the Australian Tax authorities who gave his company a $54m tax refund for spending on R&D, spending it looks possible was never was actually spent, since the manufacturer denied ever selling the supercomputer this research was supposed to be carried out on. If he could persuade them he was Satoshi Nakamoto it would certainly help him convince them of his legitimacy, and make it easier to attract additional investment. The motive here is obvious.

David Kleiman was an expert in Computer security. He was paralyzed from the chest down after a motorcycle accident in 1995 and became a reclusive computer forensics obsessive. In late 2010 he was hospitalised where he would remain until discharging himself a few months before his death from MRSA complications in April 2013. He died broke and in squalor.

In December 2015, following the ‘leaked’ documents, Gizomodo ran with the headline “This Australian Says He and His Dead Friend Invented Bitcoin”, and Wired said:

Another leaked email from Wright to computer forensics analyst David Kleiman, a close friend and confidant, just before bitcoin’s January 2009 launch discusses a paper they’d been working on together.
From the leaked documents, it seems the tone was that Kleiman and Wright worked on Bitcoin together.

Fast forward to the BBC interview and Wright says that while there were others involved, he [Wright] “was the main part of it”.

If the leak was the result of a genuine hack on Wright, then the documents that were leaked should be considered more accurate than anything Wright is saying now, since everything he is saying now he will be shaped to serve his own self interest.

If the leak was made by Wright, as seems likely, perhaps the change of tone reflects a change in strategy. Maybe ‘sharing’ credit for somebody else’s work feels more acceptable, but you get to a certain point where you’ve sunk so deep into the deceit and you might as well go all the way.

It gets even more interesting, according to the Gizmodo article Wright made contact with some of Kleiman’s business partners in February 2014 to inform them they’d been working on a project together and that Kleiman had mined an enormous amount of Bitcoins, and he requested they check his old computers for wallet files.

Kleiman’s business partner, Patrick Paige, called to ask for more information and was told by Wright that Kleiman was the creator of Bitcoin, before he later backpedaled and said Bitcoin was invented by a group of people which included Kleiman.

At around this same time, on Feb 12th 2014, Kleiman’s then 92 year old father commented on a Techcrunch article about Bitcoin with the message “Please send information pertaining to David Kleiman’s participation in the development of Bitcoin”. Perhaps this was related to something Kleiman had told his father while still alive, or details of Wright’s phone call being passed on by Paige.

There is good reason to believe Kleiman and Wright knew each other well. Wright posted an emotional tribute to Kleiman on YouTube (since removed) upon learning of his death. It is entirely possible that Wright was a trusted friend and confidante of Kleiman’s, and this might have given him access to information that ‘only Satoshi could have known’ that would have been useful when Craig Wright convinced Gavin Andresen of his legitimacy.

What does not make any sense, if Wright is Satoshi, is for him to create a trust to prevent himself being able to access his own Bitcoins until 2020 – and leave this in the trust of a man in Florida.

Such a trust is detailed in the December 2015 leak and includes bizarre stipulations including that if Wright dies, all the Bitcoins would transfer to his wife, minus a deduction to show the “lies and fraud perpetrated by Adam Westwood of the Australian Tax Office against Dr Wright”. It would be interesting to know when the Australian Tax Office began their investigation. The trust is dated 9th June 2011, and values 1.1 million Bitcoins at $100,000 at a time when their actual value was closer to $30 million. The document is just odd and full of inconsistencies.

What seems more likely is that Kleiman possessed the Bitcoins, and Wright is trying to create a retrospective paper trail to enable him to make a legal claim for ownership of them in the event they ever become accessible. Perhaps Kleiman had made provisions that would enable his family to recover his Bitcoins at some future point in the event of his death, and that he had disclosed details of this to Wright.

Everything makes a lot more sense if David Kleiman was Satoshi Nakamoto and confided in Craig Wright. It explains why Wright would possess enough information to convince some people of his authenticity, but has been unable to provide any verifiable proof that he has access to any of Satoshi’s private keys. Craig Wright has gone to an extraordinary level of effort to convince people he is Satoshi Nakamoto. Given that 1.1 million Bitcoins are currently worth around $500m – it’s not hard to imagine why.

If Craig Wright is Satoshi Nakamoto he could easily verify it cryptographically. The fact he has gone to such lengths without providing this proof suggests he simply doesn’t have it. What’s most likely to happen next? Well, if he’s been involved in Bitcoin since the early days he probably has some early coins – so he’ll probably move them as ‘proof’. Not early enough to be linked to Satoshi, but early enough for him to claim they are and make the circus drag on a little longer.

I believe the fact that he has gone to such lengths to link himself to 1.1 million Bitcoins held by Kleiman suggests he genuinely believes David Kleiman possessed that number of Bitcoins, and that he has a chance of being able to claim them for himself. This adds support to the idea that Kleiman, and possibly the also deceased Hal Finney, really were Satoshi Nakamoto.

It is also notable that Kleiman was hospitalised in late 2010. Gavin Andresen became lead developer of Bitcoin in December 2010 and Satoshi then disappeared.

Whatever is happening is fascinating, it’s a plot worthy of Hollywood. Sadly, this is the real world, and I can’t help but feel sadness for the family of David Kleiman who are possibly about to encounter tremendous invasions of their privacy as a consequence of Craig Wright’s actions.

Keiman was a security expert who practised what he preached. All his data was no doubt encrypted and any evidence of his being Satoshi likely died with him. It is possible this mystery will never be solved.

It is also possible that David Kleiman had nothing to do with Bitcoin at all.

I just know that if he was Satoshi, he seemed a modest man who died a pauper while likely sitting on a trove of millions and avoiding the abundance of recognition he deserved. Craig Wright on the other hand is an egotist who fakes having PhDs and drags out a bizarre media circus to reveal himself as Satoshi without providing simple evidence.

https://seebitcoin.com/2016/05/everything-makes-sense-if-david-kleiman-was-satoshi-nakamoto-heres-why/
4230  Economy / Speculation / Re: Max Keiser: Bitcoin’s going to be worth a trillion dollars soon! on: August 29, 2017, 11:43:06 PM
These predictions aren't worth much unless they make a disclaimer where they guarantee they're not invested in what they're promoting.

Usually when people make predictions like this, it means they're holding a lot of something. They make public predictions to drive prices higher and make their profits.

This could mean Max Keiser is holding a lot of btc at the moment & he says this hoping people will buy btc to make his profits for him.
4231  Economy / Economics / Re: Billions in Gold Missing at Fort Knox? on: August 29, 2017, 11:41:06 PM
This conspiracy theory has been around for a long time as they do not do visual inspections of the gold in fort knox to make certain its still there. If the gold was stolen or transferred away to another location no one would know it as there's no process to validate if the gold in fort knox is still there in its original lump sum.

One thing that stands out is many banks and countries which allowed their gold to be kept in foreign countries as collateral have begun demanding their gold be returned. If things get serious enough perhaps someday we'll see a visual inspection of fort knox. Its like auditing the federal reserve, there's some doubt as to whether it'll actually happen despite the massive amount of debate and discussion on the topic.
4232  Economy / Gambling discussion / Re: Mayweather vs McGregor on: August 29, 2017, 11:37:26 PM
I bet 0.001 on a parlay with Conor, Emily Ducote and Joe Warren on a bellator MMA card from last month. Would have won around 0.01.

And my other bet was 0.001 on Floyd, Henry Cejudo and Valentina Shevchenko in upcoming UFC fights to hedge my Conor bet. If it hits it will be a gain of around 0.002.

I couldn't make a serious bet on Conor vs Floyd I wanted Conor to win too much.

4233  Bitcoin / Bitcoin Discussion / Re: North Korean Hackers Reportedly Attack Bitcoin Exchange in South Korea on: August 29, 2017, 12:01:37 AM
I remember reading a news article from years back which claimed north korea trains 100 hackers every year:

Quote
NORTH KOREA'S SCHOOL FOR HACKERS

IN NORTH KOREA'S mountainous Hyungsan region, a military academy specializing in electronic warfare has been churning out 100 cybersoldiers every year for nearly two decades.
Graduates of the elite hacking program at Mirim College are skilled in everything from writing computer viruses to penetrating network defenses and programming weapon guidance systems.

Or so South Korea's government would have the world believe.

Since at least 1994, military and intelligence officials in Seoul have warned of the growing threat posed by the "infowar" academy to the north, which they say was founded in the 1980s and is also known as the Automated Warfare Institute.

Most recently, South Korea's Defense Security Command raised the specter of Mirim at a cybersecurity seminar in mid-May, where a South Korean general noted that North Korea is "reinforcing its cyberterror capabilities."

https://www.wired.com/2003/06/north-koreas-school-for-hackers/

It wouldn't be that surprising if north korea is investing heavily in some type of electronic warfare program. The entire country is a rat's maze of underground tunnel networks designed to survive a nuclear apocalypse.
4234  Economy / Economics / Re: Pump and dump is the name of the game. on: August 28, 2017, 11:57:23 PM
Pump and dump is the name of the game everywhere. It follows the instant gratification nature much of modern culture is built on. Bitcoin is the exception rather than the rule in terms of it being an extremely effective accumulator and storer of long term value. One might say bitcoin moreso follows a delayed gratification mentality. Delayed gratification is something like an inverse opposite to the instant gratification mentality pump and dumpers tend to have. There probably is an interesting breakdown of those different ways of thinking that might be interesting from an abstract perspective.
4235  Economy / Gambling discussion / Re: How to control greed on gambling? on: August 28, 2017, 11:52:55 PM
There are an infinite number of ways someone could rationalize this. Its good to have things to do other than gambling. That makes it easier to quit for awhile, having other things to focus on & draw your attention away from gambling. Breaking certain habits or tendencies like greed can be like quitting smoking cigarettes. It normally takes more than one attempt. Maybe after awhile a person starts to notice how myopic and short sighted greed can make a person & they gradually improve at recognizing those traits in themselves and others, which makes it easier to take a step back and be more objective.
4236  Economy / Economics / Re: Next "dot-com bubble"? on: August 28, 2017, 11:49:04 PM
Blockchain/crypto/distributed networks/computing are too esoteric and specialized for there to be much of a tech bubble. At least in terms of software engineering/development. Its not like the dotcom bubble where anyone with a basic comprehension of IT could be involved and have a chance to hustle their way into the industry.

The ICO and investment areas could become oversaturated with toxic assets that could devalue the brand name of bitcoin/crypto over the long term. I don't know if that could become overvalued to where it will become a bubble. I think a lot of people have already lost faith in ethereum and many may not have much faith or confidence in ICO's. To be a true bubble they may need more demand/confidence/faith to fuel the degree to which they're overvalued.
4237  Economy / Economics / Re: BTC and Banks on: August 28, 2017, 11:39:11 PM
Here is evidence of JP Morgan Chase (investment and banking firm) being loosely involved with ethereum.

Quote
Thirty big banks, tech giants, and other organizations—including J.P. Morgan Chase, Microsoft, and Intel—are uniting to build business-ready versions of the software behind Ethereum, a decentralized computing network based on digital currency.

The group, called the Enterprise Ethereum Alliance, is set to debut at a summit in Brooklyn, New York on Tuesday, during which members J.P. Morgan Chase (JPM, -0.32%) and Banco Santander (SAN, -0.46%) are scheduled to demonstrate a pilot of the financial technology as it exists today. The pair plan to show off a "spot trade" on the foreign exchange market for global currencies using an adaptation of Ethereum as the settlement layer.

http://fortune.com/2017/02/28/ethereum-jpmorgan-microsoft-alliance/

According to some sources Craig Wright has $200-$300 million invested in nChain by unknown financers (possibly banks).

Quote
According to the press release, the amount paid for the recent purchase of Nchain is undisclosed. However, sources familiar with the transaction say it was well over the capital injected into 21 Inc., making the claim that Nchain is the largest acquisition in the Bitcoin and blockchain development space yet. According to CNBC, a source familiar with the matter said that $300 million had been invested in Nchain, but it was not clear over what period of time. Neither was it clear in what form the investment was made; in dollars, bitcoin, equity? Requests to have Nchain deliver some sort of verification for these claims have gone unanswered.

https://news.bitcoin.com/nchain-claimed-to-be-largest-acquisition-in-bitcoin-history/
4238  Economy / Economics / Re: Bitcoin as a way of avoiding to change money when travelling abroad on: August 27, 2017, 09:26:33 PM
I've never used a bitcoin debit/credit card.

That could be one effective way to do this if said cards are accepted internationally.

Withdrawal could be a less effective method. But like I said I haven't used btc cards enough to know.
4239  Economy / Economics / Re: Bitcoin shows big returns, but remains a risky prospect for investment on: August 27, 2017, 09:24:00 PM
“Digital currency such as bitcoin is not legal tender. No law requires companies or individuals to accept bitcoins as a form of payment. Instead, bitcoin use is limited to businesses and individuals that are willing to accept bitcoins. If no one accepts bitcoins, bitcoins will become worthless.

No one accepts gold or silver in payment transactions.

Neither gold nor silver has become worthless.

A case could be made for bitcoin being superior to fiat in terms of performance against inflation, prevention in terms of manipulation of supply, forcing old and obsolete payments methods like ACH's to upgrade. All of which contribute towards a better economy and higher standard of living.
4240  Economy / Gambling discussion / Re: Mayweather Vs McGregor: Info and prediction thread on: August 27, 2017, 09:17:57 PM
Conor looked tired to me by the 2nd round.

Being only 29 and in his prime, Conor should have a good cardio/endurance advantage over an older opponent like Floyd who is pushing 40 years of age.

I'm thinking Conor's fighting career could be over. There are many good athletes in MMA who would run circles around Floyd when it comes to cardio. Conor may no longer be able to compete.
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