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4401  Bitcoin / Bitcoin Discussion / Re: When will banks start a war against bitcoin on: October 11, 2017, 12:10:44 PM
The question is NOT when will bank start war, the first question should be why bank start a war against bitcoins?. There's nothing wrong with bitcoins neither its illegal. Its a pure cryptocurrency. Bank can't start a war against bitcoins because bitcoins also gives some profit to banks when  people encash bitcoins, they put this amount in their bank accounts.
That is the point right there, banks are benefiting for people who are converting their Bitcoin to Fiat Currency via Bank Deposits, and they can profit from it in many ways such as charging people on withdrawing their money, and also loaning out your money with interest. I don't think Banks sees Bitcoin as a threat because they can adapt to it and take advantage from it. I don't even think that the biggest cryptocurrency can post as a threat to Banks.
4402  Economy / Economics / Re: The future of the paper money on: October 11, 2017, 10:43:16 AM
Paper money would always be preferred by most since they've pretty much live their whole life using it. Cryptocurrency will never replace paper money due to many reason.

1. Bank notes (Issued and legalized by government)
2. Fiat Money Transactions (Majority will always prefer their fiat currency over digital)
3. Quick Transaction (Buying from a small store or stall)

For big transactions use crypto for small transactions use paper money. In the near future, the market would be a hybrid of paper money and digital money transactions.
We are living in that kind of world now even before Bitcoin existed in the world. People as of today are using other payment methods rather than using their Fiat currency straight up with the payment methods such as debit cards, credit cards, and Paypal you will see that we are living a world where digital transactions exist. The problem that I see here is that all of those payment method does not incur any kind of transaction fees for the buyer while Bitcoin transaction has.
4403  Economy / Gambling / Re: ▂▃▅▆█ BITSLER █▆▅▃▂🎁 LOTTERY 🎁16 BILLIONTH BETS PROMOTION🎁 on: October 11, 2017, 09:51:25 AM


And you forgot to mention about the rewards you give to people who reach that level baryom.

Rewards for VIP, rakeback?

No Baryom used to reward players who get to legendary level. Can't remember the exact amount but it's always more than 1 btc
That's a pretty big amount, it's hard to reach that level so I guess it's a good reward, I think this is the most generous admin for their promotions and rewards, that's why people loves to play here.

AFAIK, such rewards are not officially stated neither on the website or in forum. That is purely because of Baryom's goodness. He wants to appreciate his loyal's whales.
I agree if that is true Baryom is really not required to do any prizes to giveaway to people who have reached the VIP status, as simply reaching the VIP status is a reward itself having able to claim 3,500 satoshis for 50 times a day is a generous way for rewarding players who reached level 30+ above.
4404  Bitcoin / Bitcoin Discussion / Re: Bitcoin Will Kill The Income Tax on: October 10, 2017, 04:21:29 PM
For what is taking place now to our technology the local community in the entire globe are most typically used the banking system and some in some other nations they utilized fiat. The place people two are centralized and we know that. So I guess if occasions appear that bitcoin will turn into the currency of all nations around the world the taxes or revenue tax will completely disappear.
Since you are a new member of this forum I will spare you with just a lesson about taxes and why you are wrong. Even if what you are expecting that  Bitcoin will be a dominant currency in the world it by no means will eliminate the income tax as Bitcoin earnings itself is still taxable in income tax and if you earn your Bitcoin through trading it will be taxable with a capital gains tax. Any person who thought you that Bitcoin earnings are not taxable are people who are just avoiding in paying their taxes.
4405  Economy / Marketplace / Re: How can we encourage local businesses to accept BTC? on: October 10, 2017, 03:02:57 PM
The first thing you must do is too introduce this business some important and good aspects of bitcoin like it's decentralization that you will not have to worry if some third party is tracking your transaction cause it's anonymouse. The second is the low fees like what you said it doesn't have any charge back unlike other centralized payment processor that tax you with high fees like paypal, credit card. One of the most facinating aspects of bitcoin is that it is secured it can be hacked, fast confirmation time and can do global payments.

Bitcoin payment is widely has accepted meanwhile starting into small scale business with the bitcoin payment is much appreciated now. After some years we will see the bitcoin's value and usage is big. Henceforth. If you accepting it now. You will be in the row of early adopters list.
Widely accepted ? I am not sure it is yet. Sure, we are growing but if we are really to look at the population of people as well as merchants who have adopted bitcoin usage is still minute compared to the world at large.

Although, it is awesome to know we are not where we used to be which makes us more optimistic we are going higher than we are presently in due time.
Not having an untraceable payment method is not one of the local businesses main concern, I mean they are small businesses not unless it is illegal they don't have any reasons on hiding their transactions away. What they are most likely to look for if they accept Bitcoin as a mode of payment is if it will increase their sales and profit which I don't think it will because accepting a new payment method is not one of the effective ways of increasing your profit.
4406  Other / Off-topic / Re: Are bitcoins only for the educated and knowledgeable people only? on: October 09, 2017, 11:37:48 PM
I don't think so, you don't need to have a college degree in order to use Bitcoin. You just need to be technically inclined in order to transact using your Bitcoin wallet. Also when it comes to trading even educated people lose money with Bitcoin, knowledge is not enough for you to profit in trading sometimes you need other things such as patience in order to achieve the profit you want.
4407  Bitcoin / Bitcoin Discussion / Re: What services you wanna see with Bitcoin ? on: October 09, 2017, 11:11:36 PM
Movies ? gambling sites ? exchanges ? what kind of service you want to see involved with Bitcoin more ? 
It would be ideal if the bitcoins could be used in hotels, shopping centers, as a salary. So that the cryptocurrency in general became more popular and more useful. Also a good example is charity. Why not, people? We should help each other.
Hotels are reasonable service where Bitcoin can fully sync in with them as you need to pay first before using their services. But I disagree with you about using Bitcoin in shopping centres because it won't be practical for you using Bitcoin on a physical store while in a line. The problem here is the time it will take for you to transact via Bitcoin additionally you will be incurring additional cost because of the transaction fees. If you are a smart person you will just use your fiat currency as a mode of payment.
4408  Bitcoin / Bitcoin Discussion / Re: Bitcoin just an asset ? on: October 09, 2017, 04:27:57 PM
Bitcoin is more like gold than normal (fiat) currency. people can pay using bitcoin and they also invest in it. but it's not so good as a currency.
What makes bitcoin not suitable as currency bcause we can't do microtransaction in bitcoin. And i think in the future bitcoin is looked as an asset than currency because this matter.
Bitcoin is a currency I don't know if you know it but Bitcoin is built for the purpose of being an online currency. And if you consider it as an asset it will be categorized as an liquid asset which is good as cash as you can covert it easily to Fiat currency without any problems. Like any other asset that has growth potential obviously Bitcoin can be considered as both a liquid asset and as an investment. In case you didn't know a currency is also an asset.
4409  Bitcoin / Bitcoin Discussion / Re: Advantages of paying with Bitcoin on: October 09, 2017, 03:44:52 PM
The main advantage of buying stuffs using bitcoin is it will not come to taxable income where amount will be spend directly to buy things . If people who really don't want to pay tax then they will use bitcoin to buy things. As well vendor also can able to give huge discount for bitcoin transaction where he will also end upto not paying tax until he is converting into fiat currency.
I am just correcting you with your wrong statement in order to avoid confusing other members. You won't be avoiding tax if you are paying in Bitcoin, most likely a person who will avoid taxes is the person or business who is receiving Bitcoin as a payment. And there is no way you will be avoiding tax, taxes such as Value-Added Tax and Excise Tax are included in the purchased price of an item, which is also known as the Suggested Retail Price (SRP).
4410  Economy / Economics / Re: When will more retailers accept Bitcoin on: October 09, 2017, 02:44:54 PM
I think retailers will be convinced to accept bitcoin as payment if its value become stable. Because if bitcoin value is not stable then it will be big risk to them to take it as payment, for there is a big chance to incur losses than gain. If you are the retailer and you knew that the currency they will use to pay you has an unstable value, will you accept that currency? Of course not. Although it has a good part, which is its efficiency in making transactions. Maybe sooner or later, if bitcoin gets its stable value, most of retailers will gladly accept it as payment, but for now, it wouldn't be a good thing on their part.
I see this as more of a problem for customers than the retailers.  There are already services out there that a retailer can partner with to have bitcoin transactions instantly converted to fiat.  That pretty much eliminates potential losses for the retailer.  Customers, however, have to worry about the wild price swings.  It's a big problem when the price you saw for a product an hour ago is now 2% more because the bitcoin price dropped $100 since then.
The problem here is even if they accept Bitcoin who would be the takers of that mode of payment? Because like what you said Bitcoin is volatile and by using it as a mode of payment they are taking the risk of spending more Bitcoin when the value is down. And yes there are Bitcoin Wallets that offer these kinds of payment system where the company doesn't directly receive Bitcoin but what they do is the Bitcoin wallet gives them Fiat Currency as payment for their service or product but mostly this involve online payments and I don't see how it will work when you are in a physical store.
4411  Economy / Gambling / Re: ▂▃▅▆█ BITSLER █▆▅▃▂🎁 LOTTERY 🎁16 BILLIONTH BETS PROMOTION🎁 on: October 09, 2017, 12:56:49 PM
I remember back in the early days of Bitcoin people were more and more mature on the Poloniex trollbox, reddit bitcoin, primedice chat, etc.

People always discussed ideas and helped each other out. However lately with the huge new surge of bitcoin users. There are many childish acts such as attacking other people and flaming.

Its what made me never frequent the chat anymore.

Also sometimes if there is a huge amount of users there is so many posts at the same time that its very difficult to follow anyways.

i think it is mostly because in the early days there were a lot less people around to be in different places like poloniex trollbox, /r/bitcoin and gambling site's chats. and when there are fewer people there are fewer trolls too. so they are not seen or remembered.
but when the number of people grows, the number of trolls grow too. and when their trolling grows, it becomes that much more visible.
Well as of right now I think one of the reasons that contributed to the childish and improper acts in the chat are people who invited them to the site by way of the referral system, I am part of this Facebook groups and as I observe these people will show off how much they won and how generous people are in the chat system making them believe that begging Bitcoin is a good and proper way to chat which they they are not right about.
4412  Economy / Gambling discussion / Re: 2016/17 NBA Season on: October 09, 2017, 10:46:12 AM
If Wade can maintain what he's doing in pre season to regular season. There's a high possibility that they will be in the Finals again and  can match up now against GSW. That would be entertaining to watch if ever they will face again.

Don't worry he can maintain what he showed during the preseason he's a versatile and consistent players knowing that from his past team at Chicago Bulls there's no noise that he's bringing there because he lacks of teammates that can play well together with him. But now he's with a good lads that can bring a team up together up until the finals I wish he'll continue his contract after 1 year.
Wade understand his rule, he knows that he is not the main man anymore and just a supporting cast for Lebron but together they can create a good team. They are a very dangerous team now as they are compose of MVPs who are good enough to deliver a win especially in tough times.

But being a support for the superstar is a big thing and Wade's really know his role on this team now and he likes it more than his past team. There's a lot of happening and exposure for him now on this team together with Lebron and I know that their main goal now is to hit the championships and beat the crap out of Golden State Warrior, I'm not telling that they have assurance but they've something on this.
Warriors are still the same team, they are more confident now as they won the championship but the cavaliers are more determine to take that away from them and once again champion. Having 3 big players (wade, Thomas, and Rose) is such a steal, it clearly show how badly they want to beat the warriors, although Lebron loses his teammate but it was for improvement and now we can see that only Lebron is the main man in the team.
Dwyane Wade is not the biggest factor out their for the Cleveland Cavaliers in going to the Finals, I mean they are really heading into the Finals this year look at how the Eastern Conference looks like majority of the star players of their teams transferred to the West like Butler, Carmelo Anthony, and Paul George.  Not unless that a playoff seeding will have a change they are headed to the Finals even if the Boston Celtics is an improve team this year.
4413  Bitcoin / Bitcoin Discussion / Re: why should governments allow bitcoin to continue grow? on: October 09, 2017, 08:14:17 AM
Maybe the right answer is why not? After all if they let Bitcoin grow they will instantly feel the benefit from it. Everything goes around in this world one way or another the government of any country will find a way to benefit the use of Bitcoin by the masses. The only thing they can do which they will still allow the usage of Bitcoin is of course explain the Bitcoin is not a way to avoid taxes and that by itself is still taxable, because applying unnecessary taxes to it is not a good way to show support for Bitcoin.
4414  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Do you see alts have chances against Bitcoins? on: October 08, 2017, 06:38:03 PM
I have been seeing Bitcoins' price rising with a stability in its growth, but due to the higher mining fee that is being levied on transactions these days, big businesses are now moving their funds towards alts and taking advantage with their least fees as well as shaping a completely new economy in the trends of altcoin markets. Do you think this may harm Bitcoin's dignity and open up a chance in real for alts to rise?

Every day there are new coins coming out in exchange. Yes it is good but the most they need is the finishes of bitcoins. That's why we can say that yes they can surpass the bitcoins. But it's a person or a decade before it's going to happen and they really need to get a good idea of how much more bitcoins are
It is true that some alt coinr right now are better than Bitcoin in tes of feature, but what they fail to understand is that it is not the right timing for them to enter the market. Right now Bitcoin is the number one cryptocurrency out there in terms of market share. And when we still consider the cryprocurremcy market as still new newcomers tend to go to the most popular coin and that is Bitcoin. The best time to enter the market is when this market matured and when the majority of the world's population understand it.
4415  Economy / Economics / Re: Maybe governments can stop bitcoin after all on: October 08, 2017, 05:51:41 PM
No one can stop bitcoin. how many times does the government shut down bitcoin? many many times right!? Bitcoin is unstopabble. Bitcoin will give growth in every country we belong. so governments should educate themselves to merge their money to blockchain.
Bitcoin is by no means unstoppable. Bitcoin exist virtually and we need the internet to transact with it. And you know who controls the internet? The government, they can single-handedly issue executive orders where they command internet service providers to block of all kinds of cryptocurrency wallets in order to stop the usage of cryptocurrency in that country.
4416  Economy / Economics / Re: Loans too risky? on: October 08, 2017, 01:46:03 PM
Yes, loaning is a bad idea, it is too risky, your money will be lose like the air in the sky and cannot find it anymore. So better just hold your money in bitcoin rather than making a loan business.  The risk involved in giving bitcoin loan is more than the profit which can be earned through interest of that loan.
Its really risky but there are still some people who do accept the risk and tend to proceed on this kind of business.I would say that loaning business is really profitable you can make money on a short span of time.Risk is always there on every any investments online but other people could still able to handle such risk,if they can do it,then for sure we can make it to.Its just a matter if you are a risk taker or not.
You can't really trust anyone with that kind of amount in Bitcoin you will be an easy target for them. My advice for him is to stay away from loaning out his Bitcoin and instead try to grow it on your own wallet as it is much safer. If ever you really want to enter into loaning out your Bitcoin you have to set a limit in order for you to avoid losing everything, also you need to have a middlemen and an intensive background review to whoever you are loaning our your money with.
4417  Other / Archival / Re: Do you agree with idea "Bitcoin bank" ? on: October 08, 2017, 12:33:10 PM
not agree with that.
we must pay more maintaine or additional tax for the bank. and we dont know it save or not. and i think, wallet is more good than bank, more save because just are that hold the bitcoin, no additional charge and other
I agree with you about the additional charges, but I don't think that you will be incurring any additional tax if you hold your money into a bank account. It is your money in the first place and simply holding it in your bank don't make sense if it becomes taxable as the main point of tax is for eliminating unjust riches. Either way I don't think that Bitcoin will be an option for banks in the future as there is no scenario where they will accept cryptocurrency in their business system.
4418  Bitcoin / Bitcoin Discussion / Re: Advantages of paying with Bitcoin on: October 07, 2017, 02:50:48 PM
1.When payment is made with bitcoin,we need not have to disclose any of our personal identities.So unless,we voluntarily reveal our bitcoin transaction related to our purchase,no body could trace our transaction including the government authorities.so,there would be no sales tax on our purchases.

2.Very low transaction fee when compared to other payment methods.

3.Transactions for purchase could be made online and we don't have any need to go to any of the stores individually.

4.No intermediaries,governments could interrupt our bitcoin transactions and no body could freeze our bitcoin accounts when payment made in bitcoins.
Just a thought when you are purchasing something not unless it is illegal you really need to disclose your shipping address for you to receive the purchased item, which there is no sense of hiding your identity as it will be revealed. Also from what I know credit card payments and Paypal payment now have no fees for the buyer. Which in turn is more practical compared to paying the item with Bitcoin.
4419  Economy / Gambling / Re: ▂▃▅▆█ BITSLER █▆▅▃▂🎁 LOTTERY 🎁16 BILLIONTH BETS PROMOTION🎁 on: October 07, 2017, 08:43:19 AM

Maybe you see that VIP players are a little bit more serious than other low level users. So I think in VIP chat they will be able to get rid of spam messages and see people on their level. share experience or etc. It will be interesting because I think they won't spam and their manner of chatting about something will be different.
Well that's only idea currently.

This is one of the great idea but may be there are many VIP that coming from other countries too. So do you think Baryom will deal for this idea? They need to make double chatroom from current, which is there is a lot of chatroom here by differents languange. For me it is not a greally good idea, VIP should blend on them too

Idea wise it is a very good one but implementation wise, not sure how difficult it is only Baryom can give his inputs on this idea. But people may ask why only for VIP instead can have a different chat room for each level because most of the spams are will be at the lower levels. I feel it is not so easy to implement this concept.

Bitsler should implement a feature where higher ranked users can flag other players. The flagging would bring attention to the moderators and admins, so they can take action. Being able to flag other players is a privilege, so it can be taken away from certain people if abused.

This is not a good idea because it is not a forum but a gambling site so all flagging should be done by their moderators or by admin. They know correctly what is correct or not but if you give it to players then some players misuse it and it creates many other issues and moderators may spend a lot of time to resolve those issues instead of service related issues.

I don't think that it is the VIP member's right to flag a chat abuser or any member part of the community. It is the moderators task to moderate and report wrongdoings in the chat, and they can do so without the help of any normal member. Also I am confident that Bitsler has its own records or history of the chat where they can easily detect the people who violated the chat rules.
4420  Economy / Economics / Re: what will happen to banks? on: October 07, 2017, 06:07:22 AM
Since banks profit from fees and blockchain will kill fees, my guess is banks will be negatively impacted.
Some banks are already stepping into the blockchain world.
But blockchain will not bring back the profits as otherwise.
Any thoughts?
Apologies if this is not the right place to discuss.
Thanks in advance.

Blockchain has the potential to kill fees, but it's not going to accomplish anything significant until volatility is solved. Right now, I see crypto as a legitimate threat to some businesses like Western Union, or wire transfer services, which is a revenue generator for banks. Anything that can be accomplished with a quick sending of a significant amount of money and that can be quickly and cheaply converted back to fiat (so as to to serve as an advantage over sending through a bank), but for regular commerce, bitcoin is fairly useless and will remain so until volatility ends, if that's even possible, and I have serious reservations it ever will be.

Banks are just a centralization mechanism, and their main utility is lending in a crypto world (if we ever get there). From that perspective, I don't see banks being ruled out. We already accept as necssary various points of centralization in the crypto world, two major ones being mining pools and exchanges, with exchanges being the most important of the the centralized authorities necessary to make bitcoin work. As an individual, you don't have much ability to loan your crypto out and have any recourse if someone defaults on the loan. You will still be dependent on a centralized point to achieve any confidence there, like an exchange or a bank. That's why I don't see banks disappearing. What they will end up becoming is an interesting though experiment, but you have to believe that crypto can first stabilize and then mostly replace fiat in the economy for those to even be worth thinking about, and currently, I don't see it as likely.
Yup transfer fees are something what we can consider in the future as a threat to remittance type of businesses but in no way can it make banks out of business in the future. The biggest factor here is if the price of Bitcoin goes up then the fees will also go up since transfer fees are also charge with Bitcoin, one way to avoid fees are same kind of wallets in which some that I know of have zero fees since the transfer is instant and free.
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