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4621  Economy / Collectibles / Re: [Free Raffle - only pay shipping] left over swag from Bitcoin 2021 Conference on: July 04, 2021, 01:56:21 PM
32 & 89 please. And thank you for your generosity, MoparMiningLLC! Cheesy
4622  Economy / Exchanges / Re: Thai SEC files criminal complaint against Binance on: July 04, 2021, 03:11:57 AM
But Binance is not responding to this, they are continuing their normal activities, Binance just ignoring to answer anything about the SEC.

I don't think so. Our failure to know Binance's every legal step of the way does not mean Binance is not doing anything in response to it, much less ignoring it. Binance wouldn't simply lose the entire Thailand market due to its failure to cooperate with government authorities. I don't think Binance could afford to do that. As per their statement, it is their policy not to respond to regulation issues but they definitely work it out with them.[1] And Binance has the money to hire the most competent local and international lawyers to iron out issues with regulators.

[1] https://www.bloomberg.com/news/articles/2021-07-02/binance-crypto-exchange-faces-scrutiny-in-thailand-caymans
4623  Economy / Economics / Re: What role will Bitcoin play in the face of superpowers in the future? on: July 04, 2021, 02:40:17 AM
If you are a government employee, how should you explain Bitcoin to your government? How to explain his volatility? How to explain his anonymity? The most important thing is, what role does he have for the country.

I'd explain Bitcoin as it is, a decentralized system with its own currency which has a fix supply which makes it immune to constant devaluation. I'd say it is censor-resistant and permissionless and makes people more independent and free. I'd say it works beyond the frailties and incompetence of humans. It is volatile but it will probably reach a certain level of stability by the time it has reached a much wider adoption. As to its anonymity, well, cash is anonymous.

Its role? Well, it should be offered to all citizens of the world as an alternative.
4624  Economy / Gambling discussion / Re: You got a pifzer ? Then you can be eligible for lottery in Poland. on: July 04, 2021, 02:00:02 AM
Personally, I find this attractive. Others may disagree, of course, but if this is what it takes for the population to get immunized from the virus, then it is no expensive price to pay. You know, it's just one way to encourage or entice people to get the vaccine as early as possible.

However, as Poland is certainly not the only country to have thought of this, there was a study in the United States that says the $5 million Ohio vaccine lottery didn't actually help increase the vaccination rate.[1] So I guess countries should begin looking into this pattern of giving away money and some stuff just to attract people to get the vaccine. Perhaps they could put the money to better use if proven that it doesn't help at all.

[1] https://www.forbes.com/sites/victoriaforster/2021/07/03/ohio-vaccine-lottery-didnt-increase-vaccination-rates-says-new-study/?sh=5ea707316bff
4625  Other / Meta / Re: Lamentations of a newbie [ Activity increase spam and shit post] on: July 04, 2021, 01:23:15 AM
The activity period however promotes spamming at beginner level because of the need to rank up.

There is actually no need to rank up. The lessons one could get as a newbie are precisely the same lessons a jr. member, full member, and even a legendary member could have. Moreover, there are no sections, boards, sub-boards, threads, topics, and so on that are restricted to lower rank members. In other words, if you said that you were addicted and has improved because of what you've read, then rank is immaterial. You don't have to post a lot in order to access the next interesting thread. Why does it have to be a disadvantage if your activity is low? Unless if you are looking forward to the day you could join signature campaigns, but that's not what you are talking about here, right?
4626  Bitcoin / Bitcoin Discussion / Re: Bitcoin's transaction volume in 2029 on: July 03, 2021, 01:43:02 AM
We are already more than halfway there and it seems very obvious that the rate of adoption is still rising, very far from its zenith. So I guess it is safe to assume that Satoshi is probably going to be right on the side of Bitcoin having a very large transaction volume rather than on having zero volume. However, the direction is also towards the increase of off-chain Bitcoin transaction volume due to the demand of Bitcoin properly functioning as sound money. These are very exciting times for Bitcoin.
4627  Economy / Service Discussion / Re: Binance P2P on: July 03, 2021, 12:59:22 AM
If I were you, I wouldn't risk it. If your country is banned from using the platform, it most probably means going around it by way of a VPN is a violation of its terms and conditions. And also, since the use of P2P in Binance would require KYC, how could you provide all the necessary information that proves you to be someone using the services from somewhere else and not your actual country of residence?
4628  Economy / Economics / Re: The slave does not dream of freedom, but of being the slave-master on: July 02, 2021, 03:25:24 AM
For me, there's much truth in it. Such is the reason why I always think the cycle is perpetual. The powerful of today was the powerless of yesterday, and the powerless of today would seek to dislodge the powerful and eventually become the powerful himself, who would then become the target of the powerless, and so on. All else are products of power struggle.

BTW I am very interested in knowing if this is a quote from anyone famous or just part of the script.

I looked for it online and I have read the names of the German philosopher Hegel and US President Lincoln, although not exactly the same words but somehow to that effect.
4629  Economy / Service Discussion / Re: Best way to promote a referral url: on: July 02, 2021, 02:38:51 AM
I am a member of a BitCoin faucet that is paying me better than a miner.
Well, it does help that I have 1000's of referrals.

Wow! Just wow! I never would have imagined this was possible at all. Giving you the benefit of the doubt here, but would you care to share where this is happening? Not the referral link please but the site so that we may have a check on it. Is this not some kind of scam or Ponzi?

Quote
What is the best way to get a crypto related referral link seen?

Here on the forum, it would be through signatures as the forum prohibits making posts with referral links. However, signatures vary depending on ranks. And certainly, newbies cannot put links on their signatures. So if you are truly earning more than a miner and is indeed determined to display those links, then you might want to hire higher rank members.
4630  Economy / Service Discussion / Re: Preferred Escrow and why? on: July 02, 2021, 02:00:15 AM
It depends on your transaction. What is it about? Is this a P2P transaction? Is the other party here on the forum? I have never used escrow outside of this forum, though.

Anyway, what do you exactly mean by crypto purchases as nerve racking or risky? The use of crypto is safe in that there is a permanent record of it on the blockchain that couldn't be tampered. The other party couldn't deny what's already been confirmed by the network. However, it is risky in a way because there is no way to reverse a confirmed transaction. So the point to be very cautious about is the person, site, or any other entity you are doing transaction with. So before any crypto transaction make sure the other side of the deal is to be trusted.
4631  Bitcoin / Bitcoin Discussion / Re: The recent house hearing concerning bitcoin and cryptocurrencies on: July 02, 2021, 01:29:25 AM
However, at the very least, it is worth appreciating that there are hearings such as this, even if it is just on a relatively small subcommittee level. At least, democratic processes are still working. Moreover, reliable resource persons were invited, given ample amount of time to elucidate on contentious issues regarding Bitcoin and crypto, which probably made a lot of less-informed lawmakers realize the real score.

While the committee may generally be considered technologically incompetent, it has also showcased certain members of congress such as Rep. Anthony Gonzalez and Rep. Warren Davidson who appeared to be objective in appreciating Bitcoin as an emerging financial technology.

I don't think there is much to celebrate or appreciate here. These meetings are done for very small things so I would expect Bitcoin or cryptocurrencies to at least have a hearing. We have to remember that the government will probably be more hostile to Bitcoin than friendly and it does not really matter who they invite to the discussions. It is within their interest to recognize Bitcoin as an emerging financial technology since they currently profit from it. They are in full control and can apply more strict regulations whenever they want. This is why I think these kind of meetings regarding Bitcoin will  be conducting on a routine basis. 

Compare that to a blanket ban on the basis of unfounded assumptions which is what is probably happening in other countries, or even in the US in the earliest years of Bitcoin. A hearing in congress where Bitcoin advocates and evangelists are given time to speak and enlighten the officials, where fellow congressmen debate with each other for or against the technology, is already something worth appreciating.

The moment the government wants to profit from Bitcoin is the moment the government becomes friendly to Bitcoin. At the very least, it is an acknowledgment of Bitcoin as a neutral technology rather than just a criminal's tool.
4632  Bitcoin / Bitcoin Discussion / Re: The recent house hearing concerning bitcoin and cryptocurrencies on: July 01, 2021, 04:14:16 AM
However, at the very least, it is worth appreciating that there are hearings such as this, even if it is just on a relatively small subcommittee level. At least, democratic processes are still working. Moreover, reliable resource persons were invited, given ample amount of time to elucidate on contentious issues regarding Bitcoin and crypto, which probably made a lot of less-informed lawmakers realize the real score.

While the committee may generally be considered technologically incompetent, it has also showcased certain members of congress such as Rep. Anthony Gonzalez and Rep. Warren Davidson who appeared to be objective in appreciating Bitcoin as an emerging financial technology.
4633  Bitcoin / Bitcoin Discussion / Re: 650 U.S. banks will soon be able to offer bitcoin purchases on: July 01, 2021, 03:31:26 AM
This is Bitcoin hitting the mainstream road. And no small thanks to the ones earlier perceived to be the enemies of Bitcoin, it is the banks now that are bringing Bitcoin to the doorstep of approximately 24 million people. This is huge!

However, I hope this won't encourage people to just let these banks take full custody of their savings. I am particularly looking forward to the near future, hopefully, when this development would eventually provide Bitcoin owners easier access to stores, restaurants, and shops that accept Bitcoin payment. NCR, after all, is " the largest provider of point-of-sale software to grocery and other retail stores globally." This would definitely further push for the treatment of Bitcoin more as a currency.
4634  Other / Beginners & Help / Re: In desperate need of a Coach/mentor. on: July 01, 2021, 02:48:59 AM
If you hang around this forum long enough, sooner or later, you're going to get a good coach/mentor. So, you'd have one sooner or later. You need not worry. This forum is rich with highly-informed users.

But please take note that this is not going to be a personal coach/mentor who will constantly attend to you directly. Please find satisfaction in the fact that there are indeed knowledgeable users in the different sections and boards here. Should you focus on a particular section or board, sooner or later, you'd notice that there is a member or two who you will look up to and whose posts you highly value and learn a lot from. From that point, you'd even follow them in whatever discussion they're involved.

I need not drop names but I also have my own set of coaches/mentors here, fellow users who are highly instructive in their posts and responses and with whom you seem to be comfortable asking or even replying even if you know that with your ignorance you might sometimes be a nuisance to them.
4635  Economy / Exchanges / Re: Newcomers ask for help, what should I do if I recharge the Kucoin card? on: July 01, 2021, 02:24:59 AM
It seems you are in a panic, OP. You are now creating a lot of worse scenarios in your head. It doesn't help.

Have you already complied with everything the site is asking from you?
Have they already responded after you submitted the last of the documents they asked you to fill out?
What was their response?

With your circumstances, you could either comply and satisfy their requirements and wait or forget about all those hassles and move on, but it depends on how much funds you've got in there. If I were you, since you've already submitted personal information, you'd better comply with the rest and wait. But please keep the communication alive. I've read a lot of negative reviews about KuCoin support, even one from a user who said he/she's got his/her funds back after a year's time. That's not good but not the worst either.
4636  Bitcoin / Bitcoin Discussion / Re: Soros Fund Management CIO Hints at Bitcoin Ownership on: July 01, 2021, 01:54:14 AM
This is not the first time that the infamous Soros name has suddenly surfaced in the crypto community. As a matter of fact, the first time the name has made an impression on me was in 2017 or 2018 when it was also rumored that the billionaire, who earlier called Bitcoin a bubble, would begin trading crypto. But then, the rumor suddenly went off. And now it has resurfaced. I don't think we have something to fear that much. Let him buy his first Bitcoin first and we'll see how the price as well as the community react. For now, all this is the same old rumor.
4637  Economy / Economics / Re: Is it good to allow Black Money to be whiten by investing in Stock? on: July 01, 2021, 01:26:09 AM
25% is quite high, although the government has the reason to impose such very high tax on black money entering the whitening process. In the first place, if the government is really bent on curbing illegally-accumulated wealth, such money could simply be confiscated rather than allowed to join the circulation of clean money. What the government is doing is a compromise. Syndicates should even be grateful for this. However, considering that it has grown from 10% to 25%, some illegal actors might find a way to avoid paying it altogether.
4638  Economy / Exchanges / Re: U.K Banned binance exchange. on: June 30, 2021, 02:13:31 PM
@Darker45. All of the articles that I have read on the matter appear to be very vague and unclear. The articles said banned from undertaking of any regulated activity. Does that not imply trading with or without leverage?

That indeed implies all kinds of trading and all other activities which are regulated. The catch there is regulated. Activities happening on platforms which are not under regulation from the Financial Conduct Authority (FCA) could go on as usual. The regulatory body couldn't impose anything on them as they are not under its jurisdiction. Meaning to say, Binance.com which is operating outside the UK is beyond its regulatory powers. Therefore, what is actually under the scope of the ban are activities of Binance Markets Ltd which is what is only under FCA regulation.
4639  Economy / Gambling discussion / Re: Million dollar win on $15 parlay whoa on: June 30, 2021, 01:37:27 PM
This is dope! But having combined those six legs on a parlay, with four of which highly underdogs, was like betting on a lottery. This was almost impossible to win. With four legs on odds as high as +500, +1,400, +650, +3,500, you've got to be crossing your fingers and pray that all the upsets in the world be happening in your parlay bet. Oh well, sometimes the unbelievable happens, too!
I wouldn't say impossible, the only underdog he took was the +3500 while the other three were more or less favorites to win the tournament but still it's impressive.

I am not familiar with the names and even with the leagues they're playing in, but I don't understand. How could they be favorites when the odds are very high on them? Even the lowest among the four, Steve Stricker's +500 odds is still very high. If we convert that to decimals, that would be 6.00, or your $100 would win $500. I guess that means Steve winning the Bridgestone Senior Players Championship is less expected.

The last time I bet on a parlay if I remember it right my odds were like 1.06 to 1.30.
4640  Other / Beginners & Help / Re: Put this in your mind as you begin trading on: June 30, 2021, 04:18:52 AM
Trading is never easy, so put this in your mind even before you begin trading: HODLing is a very nice option.

As you get into full time day trading, you will realize that getting caught in unpleasant positions is an ordinary thing. For some reasons you'd be stuck somewhere, perhaps because of a bad call, of following a wrong signal, or making a wrong analysis, or simply because of the market's unpredictability and extreme price fluctuations.

It may be possible that at one point you'd grow tired of it. At that point, consider HODLing. I think a high percentage of wannabe traders before are now HODLers. Cheesy
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