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4521  Economy / Economics / Re: Crypto Taxation on: November 30, 2019, 09:24:19 AM
They can’t just simply collect taxes on crypto users because at the first place this is decentralized and we are still anonymous not unless you provide your information.
That's why I said "if you cash out," meaning that you will likely to give up your identity. Exchanges would be heavily regulated in the US & EU because of AML. Well, of course, except you could cash out in a "decentralized" way.

Taxes on capital gains are common in various countries. So it shouldn't be a problem.
4522  Economy / Gambling discussion / Re: Andy Ruiz vs Anthony Joshua II on: November 30, 2019, 09:08:12 AM
Guys, you should watch this interview https://www.youtube.com/watch?v=eOXFH0f9kp4

I think Ruiz mentally more prepared than Joshua. On minutes 09:48, he believes that AJ quit the last match. What do you think?
4523  Local / Bahasa Indonesia (Indonesian) / Re: Hati Hati Jika Bertransaksi Dengan Orang Ini on: November 29, 2019, 04:40:12 PM
Misi bapak-bapak... numpang lewat.
Dalam hukum itu mengenal "by-law" atau "bye-law"
Kalau rekening penipu bisa diblokir sementara tanpa harus melalui pengadilan.

https://bisnis.tempo.co/read/300310/bi-blokir-rekening-untuk-menipu/

Coba ditanyakan "prosedur laporan penipuan" di bank-bank favorit bapak-bapak sekalian.
4524  Economy / Gambling / Re: Roobet.com | The Honest Online Casino | Hop In On The Action 🦘 on: November 29, 2019, 11:45:09 AM
^^The trust of your parents. They trust you not to become a failure. Yet, your job is extorting money from casinos.


By the way,
I smell sixth games is being developed, do you guys have information for this?
4525  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Future of bounty campaign. on: November 29, 2019, 06:40:26 AM
I honestly think that the bounty altcoin with (IEO/ICO) model will soon disappear. However, there might be signature campaigns, paid in some community coins in the future.

IEO/ICO is just full of shenanigans, not all, but the majority of them.

Related to ranks and merit, the early bird indeed get the most benefit. They are getting a high position without even trying. However, many members, including me, start from 0 merits. So, it depends on your effort.
4526  Economy / Gambling discussion / Re: What's really good have you received from the results of the gambling bounty on: November 29, 2019, 06:11:58 AM
Let me rephrase what OP said:

So previously, hunters earn from non-gambling related campaigns. However, the party is already over. ICO/IEO bounty will only pay them peanuts. So the one who previously "despises" gambling-related campaigns are now thinking of joining the party.

The question is: how much you guys earn from selling your soul to the devil? Grin

A: Not much, campaigns are mainly for fun anyway, don't treat it as your primary source of income.
4527  Other / Politics & Society / Re: Vape Products Shouldn't be Banned on: November 28, 2019, 07:37:49 PM
The one that caused the problem wasn't the PG/VG liquid one, but THC liquid, especially junk product mixed with Vitamin E acetate. I think Tobacco companies use this momentum to pressure the regulator.

Nevertheless, if the government ban e-juice, it's not a big deal. You could mix it by yourself. It is really easy Grin I made my own e-juice for years, and still alive.
4528  Economy / Economics / Re: Future without Middle men big way, but big Question? on: November 28, 2019, 05:55:09 PM
Banks have many functions, facilitating transfers only a small part of it. Maybe what you mean by the middlemen is the "payment processor." In this case, the removal of intermediaries is good since they only add more cost.

Let's assume there is no need for payment processor because of cryptocurrencies, well, they will go bankrupt and find another industry. Every time businesses go bankrupt; multiple new startups will emerge. No worries.

However, intermediaries are not all bad, depend on the case. Reputable car salesman, for example, will reduce moral hazard.
4529  Economy / Economics / Re: Crypto Taxation on: November 28, 2019, 05:31:02 PM
If you cash out, then it can be considered as a capital gain (if you receive profit, bought < sold), and capital gain is taxable. Well, when we are dealing with the government, the only options would be (1) pay taxes, or (2) get fined/banned.

I think taxation is generally better than prohibition.
4530  Economy / Economics / Re: Does halving really create deflation? on: November 27, 2019, 05:08:28 PM
Halving is litelrally the ONLY factor influencing the supply of bitcoin.
LOL, chill mate Grin

We know that inflation != money supply growth, that is enough... No need to get agitated for public misconception. Just chill and remind the public occasionally, so that we don't get a heart attack.

By the way, lost BTC also affects the BTC total supply, but might be not that significant since Satoshi said it could be considered as a bonus.

Quote
Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.
Source: https://bitcointalk.org/index.php?topic=198.msg1647#msg1647
4531  Economy / Economics / Re: If we can see a country with 'Bitocin standard' monetary system on: November 27, 2019, 04:21:40 PM
To use something as "standard." It should be perceived to have a high and stable value. Gold historically can be used for this purpose, but who knows in the future people might be able to synthesize gold from cheaper materials or people find a new material that can better replace the gold --just for thought experiment by the way.

Back to the topic, In order to use Bitcoin as "standard," the majority of people should perceive Bitcoin as something extraordinary and valuable. It's a tough job for us to convince the masses, with all these forked shitcoins, scams, and manipulations. Maybe (just maybe) after more "testing" in the real world dynamics, if Bitcoin can stay healthy for several more decades, it will get easier to market Bitcoin. Then it naturally becomes standard.
4532  Economy / Gambling / Re: 🎲EarnBet.io - Licensed Casino Platform 🎲Provably Fair 🎲NOW ACCEPTING BTC ₿ on: November 27, 2019, 01:15:03 PM
For a while there Game-Protect wasn't around, wish we could go back to those days, for like 2-3 days he didn't wrote here, that was the best days ever.
I feel you mate. It's difficult to create a meaningful conversation when GP still wandering around preying innocent souls.


Finally, interesting news from EarnBet team Smiley

Quote
The current 21+ EOS block producers need to begin governing with the best interests of the blockchain in mind. If these block producers are unable to institute a comprehensive fix in 30 days, we will be leaving the EOS network. If block producers will not support applications that are bringing real value to the EOS chain, then real applications will not build on EOS.
Source: https://blog.earnbet.io/eos-30-day-notice/

Where will they migrate? TRON? LOOM?
4533  Economy / Economics / Re: Does halving really create deflation? on: November 27, 2019, 12:41:02 PM
Inflation/deflation is the effect, not the cause, and it measured via the price of goods and services to a particular currency. For example, let's say BTC price for one McDonald's Big Mac is 0.001 BTC. If next year the price increase to 0.002 BTC, then it's called inflation, conversely if the price decrease to 0.0005 BTC, then it's called deflation.

Many things could cause this inflation/deflation, such as:
- increase/decrease in the money supply;
- technological advancement;
- force majeure, etc.
(read about cost-push and demand-pull)

So back to the OP question, "Does halving really create deflation?" Not always, the money supply is only one out of various other factors. Using my Big Mac example, it depends on the cow population, bread availability, your burger preference, etc.
4534  Economy / Gambling discussion / Re: Wilder vs. Fury II: The Rematch is On on: November 27, 2019, 06:42:57 AM
My pick would be for Tyson Fury to win this rematch. I've seen both fighters multiple times, and I think Wilder has a significant disadvantage in reach and weight. He cannot rush in and start throwing wide punches versus Fury.

When faced with equal but bigger opponents, a smaller boxer should use a better technique to offset the disadvantage. However, Wilder seems to depend only on his sheer power, and Fury will easily neutralize that.
4535  Alternate cryptocurrencies / Altcoin Discussion / Re: Shitcoins got rekt big time! on: November 27, 2019, 05:51:07 AM
Nothing is guaranteed if we talk about investment. Even BTC or other top-10 coins could become shitcoin if someone creates a better system. Watch this video to get some context about how business works. https://www.youtube.com/watch?v=2Uj1A9AguFs

Since investment is risky, you should only put your idle money and don't take too much leverage.

Last, if you are not a developer, you might want to find safer investment instruments. Why? Because you won't be able to value a tech project if you are not competent in this field.
4536  Economy / Gambling discussion / Re: UEFA Champions League Discussion Thread on: November 26, 2019, 10:08:45 PM
LOL, almost got a heart attack. Down 0-2 very early, then come back 4-2.
I wonder what Lord Mourinho said to the team at half time.  Grin Nevertheless, he never fails at the group stage.

By the way, Harry Kane breaks Del Piero's record for the fastest 20 UCL goals.

Quote
The fastest players with 20 goals in the history of the Champions League
24 – Kane
26 – Del Piero
27 – Van Nistelrooy
28 – Inzaghi
32 – Gomez
Source: https://themediahq.com/harry-kane-breaks-the-champions-league-record-ahead-of-del-piero-and-van-nistelrooy/
4537  Economy / Gambling discussion / Re: How does provably fair environment ensure the survival of gambling houses. on: November 26, 2019, 05:35:53 AM
Yep, the answer is the house edge. It ensures the profitability of the house. However, guaranteed "profit margin" doesn't mean that the casino will survive.

The survivability of a casino depends on various factors:
- UI & games offered;
- Promotion;
- Community, etc.
4538  Economy / Gambling discussion / Re: UEFA Champions League Discussion Thread on: November 26, 2019, 05:16:55 AM
Tottenham vs. Olympiacos

This result is clear as day, Tottenham will win this match, I think 2-0 would be sufficient. Trivia: Mourinho never fails at the group stage, and he never will :p

However, I'm not so sure about the scorecard. Here's why:
- Playing away, Olympiacos will park the bus (Bayern only scored 2-0).
- Winning against WHU gives Spurs a morale boost.
- Mou might instruct his team to win big, to boost their morale even more.
4539  Economy / Economics / Re: Is IBM is on path to bring blockchain to the masses? on: November 26, 2019, 04:08:05 AM
IBM stock price still in decline since early-mid 2013. This situation should give us some context about its performance. Speaking about permissioned DLT, I don't see how it can be appealing to the public. Bitcoin, the first blockchain, was designed to be public and permissionless. It's difficult to imagine if the next-gen DLT would be private/permissioned.

Except, of course, if the only way to increase DLT's capacity is to make it private/permissioned.
4540  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: How exchanges treat the stolen Money? on: November 25, 2019, 10:22:36 AM
If the thief is stupid enough not to use tumbler services, the exchange could freeze the account (with its balance). Moreover, exchanges usually have an alert system and mechanism to wait for some more confirmation for withdrawal. It gives them a sufficient window (time) to make sure no problem for the withdrawal, as mentioned earlier.

But usually, the stolen fund will first "washed" through tumbler services, or dealt over the counter (OTC). So "mainstream" exchanges could not do anything except standard KYC/AML practice.
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