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4901  Bitcoin / Press / Re: [2020-10-08] Admiral says Bitcoin and crypto threaten democracy in South America on: October 13, 2020, 12:49:31 AM
@Harlot. Pardon them hehe. Similar to the people who want the monopoly for war, there are also people who want the monopoly for money laundering and other crimes hehehe.
4902  Economy / Gambling discussion / Re: 🏈🏈 The American Football Discussion Thread 🏈🏈 on: October 12, 2020, 11:52:35 PM
The Bills will play on Tuesday night versus the Titans and they will also play versus the Chiefs on Thursday night? One of those games should be postponed, I reckon.
4903  Bitcoin / Press / Re: [2020-10-08] Bitcoin Can't be Correlated to Traditional Assets on: October 12, 2020, 03:08:06 AM
@figmentofmyass. At least for now? I disagree. Bitcoin will always be a speculative asset because of the flaw in its monetary system.

what flaw?

let's say hypothetically that mass adoption has already happened and bitcoin usage has penetrated most of society. wouldn't that inherently make it less speculative? after mass adoption has already occurred, there must be diminishing returns on speculation. imagine speculating about whether refrigerators would get adopted after everyone already has one in their house. because adoption, and whether bitcoin catches on x years from now---that's what traders are speculating about today.

Cryptocoins that have limited supply will always give the advantage to the early adopters and investors because the more people own and hold them early, there will be less in circulation. We have witnessed this get rich quick phenomenon many times not only in the cryptospace and this will never change.

Also, early adopters or whales will gain unfair economic influence over the coin and the late adopters.

Your refrigerator argument is not a good comparison. Refrigerators have never pumped and dumped in exchanges and they are of unlimited supply.

It can also be argued that a cryptocoin's limited supply is the obstruction to its mass adoption.
4904  Economy / Gambling / Re: Cloudbet | Bitcoin Casino & Sportsbook | The No.1 Bitcoin Gambling Site on: October 12, 2020, 01:36:13 AM
Yes, however if you lost your coins on bets, what is there to reimburse to you? Those bets are lost. Should everyone use a VPN from a banned country, lose their bets and demand Cloudbet to reimburse their coins? I shake my head.

@Ronnie?
4905  Economy / Gambling discussion / Re: NBA 2019-2020 betting on: October 12, 2020, 01:00:06 AM
@stadus. They need more than a miracle hehe. Congratulations Lakers fans and bettors. This was also the only time in the final when I became brave and bet on the moneyline on the Heat.

I speculate @Reid was brave again and bet Lakers -12 hehehehehe.
4906  Economy / Gambling / Re: Cloudbet | Bitcoin Casino & Sportsbook | The No.1 Bitcoin Gambling Site on: October 12, 2020, 12:42:16 AM
@efxes. You lost your coins in bets and want them to reimburse you because of that rule? I reckon they should only reimburse you with only all your coins before you have taken those bets.
4907  Economy / Gambling discussion / Re: 2020 NBA Season on: October 10, 2020, 04:53:53 AM
111-108

A surprise. The game early dominated by the Heat. And they've won game 5.

Do you think that game 6 isn't going to be the last match? and they will tie this?

The results of game 6 will depend on Anthony Davis' heel problem and how this might affect his performance. However, I speculate that he might have done everything with it and could do no more for game 6.

Similar to @Reid, I will be brave and bet the moneyline for the Heat hehehe.
4908  Economy / Gambling discussion / Re: 2020 NBA Season on: October 10, 2020, 03:26:45 AM
The unforced turn overs made and done by the Heat have made them lose their lead in the most important part of this game. The 4th and final quarter.
4909  Bitcoin / Press / Re: [2020-10-08] Bitcoin Can't be Correlated to Traditional Assets on: October 10, 2020, 03:03:05 AM
@figmentofmyass. At least for now? I disagree. Bitcoin will always be a speculative asset because of the flaw in its monetary system. I would also expect more volatility with less coins being traded but with more leverage and more coins held by institutional whales similar to Michael Saylor and Barry Silbert.
4910  Economy / Gambling discussion / Re: NBA 2019-2020 betting on: October 10, 2020, 02:09:57 AM
@agustina2. I was about to post and ask how long will the Heat maintain this lead. I want them to win, however. I do not want this to end on game 5 hehehe.

This might also end on Lakers win but does not cover the spread.
4911  Economy / Service Discussion / Re: United States CFTC Charges BitMEX Owners! on: October 09, 2020, 03:58:20 AM
This announcement by the United Kingdom's Financial Conduct Authority, the FCA, might be related after Bitmex's legal issue.

I have mentioned this before. I speculate that it might not stop with crypto derivatives. The bans might also begin to crawl towards real cryptocoins and legally allow only people from a higher income bracket to buy and sell bitcoin.

Utter balls and bit late now. Still feels odd to see the UK pay some actual legal attention to cryptoland. It's been almost entirely silent up until recent times.

Our Arthur has just stepped down from Bitmex along with a few others.

https://www.theblockcrypto.com/post/80163/bitmex-announces-leadership-changes-arthur-hayes-no-longer-ceo

What is the latest news on withdrawals and cashouts? Bitcoin news media have been quiet about it. Many Bitmex users might be clicking the refresh button every minute hehehe.

@exstasie. The ending of the story would be similar. The end of Bitmex.

I am more afraid for Bitfinex and Tether. Pulling the USDT rug might show how bitcoin is very dependent on USDT for liquidity and cause a big short.
4912  Economy / Gambling discussion / Re: US 2020 Elections data, polls and bets on: October 09, 2020, 03:36:07 AM
I disagree. The same segment of the population that voted for Trump remains having a similar attitude on 2016. Democrats support of defund the police and the black lives matter riots destroying communities? The young liberals should go out and vote if they do not want Trump hehe. However, I reckon young are also divided.

Also watch the video Trump's new campaign storyboard. The Return of the King hehehehe.

https://mobile.twitter.com/realdonaldtrump/status/1313267143232942081?s=12

From what I have seen, the mainstream media is showing only one side of the debate. They are showing the BLM movement and the protest marches, but they never show the violence and rioting that is being done by the left wing militias. On the other hand, they are trying to paint a picture that it is the right-wing militias that are committing most of the violence. For example, the panelists trying to blame Pretty Boys and other right wing groups for violence during the first presidential debate. But Trump was smart, and he explicitly stated that the ANTIFA and the other left-groups are responsible for most of the rioting.

I will pretend I am not certain on the purpose of the mainstream media's agenda on BLM or the militias hehe, however, I know we can agree that the mainstream media have always been against Trump from day 1 of his administration.

Also, this news.



Government documents show six examples of Obama admin spying on Trump camp

https://www.washingtontimes.com/news/2020/aug/20/six-examples-obama-administration-spying-trump-cam/
4913  Economy / Gambling discussion / Re: The UFC Info and Prediction Thread on: October 09, 2020, 02:53:36 AM
It appears Conor McGregor will fight Dustin Poirier on December 19. Also yes it will be this year, 2020 hehehe. I speculate that Conor only agreed on this fight to be on welterweight for his advantage.



Hello Dustin! I accepted the @ufc offer to fight you, but told them it must happen in 2020. I’m ready for Nov 21st, given that cards recent injury issues, as well as any of the December dates, the 12th and the 19th. I’ll also still donate the $500k to The Good Fight Foundation

Source https://twitter.com/thenotoriousmma/status/1314237969436475393?s=12



This image was tweeted by Conor's trainer.



Source https://twitter.com/john_kavanagh/status/1314298501308788737?s=12
4914  Bitcoin / Press / Re: [2020-10-08] Bitcoin Can't be Correlated to Traditional Assets on: October 09, 2020, 02:01:19 AM
@blacky90. That is his personal opinion but the data disagrees hehe. Bitcoin has followed the movements of the S&P500 for as high as 84%. I cannot find the correlation calculator, however. It was @figmentofmyass who shared it on an older thread.
4915  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AEON: Cryptonote privacy, efficiency, decentralization, and stability on: October 08, 2020, 06:55:53 AM
@smooth. in particular, improve its responsiveness to hash rate changes

Is this for protection against 51% attacks?

In any case, many people might not appreciate it, however, mutisig is a very important update for Aeon and very overdue. Thank you.
4916  Economy / Speculation / Re: The Big Short movie, BTC edition? on: October 08, 2020, 05:56:52 AM
The US government is going after people left and right. Indeed, who's next?! Lips sealed

What the hell was he doing in Spain? You'd think he would know better than to hang out in extradition-friendly countries. Damn, I honestly thought that guy would be trolling us for years to come.

Going after ICO promoters now.......you can almost hear Crypto Twitter collectively gulping in fear.

We would never know who until the American government begins to act. However, we might know someone who founded a company that has been selling illegal securities tokens for 7 years speculate that he might be next hehehe.

According to Chris Larsen, co-founder and executive chairman of Ripple Labs, the company is likely to move its headquarters overseas because due to the regulatory stance of the federal government towards the crypto industry.

Source https://www.theblockcrypto.com/linked/80039/chris-larsen-ripple-may-leave-us

I'm surprised they stuck around this long after Fincen came after them in 2015 for illegal money transmitting, BSA violations, etc.

If they really have been illegally issuing securities all this time (the jury is still out on that and the SEC has not commented) then moving overseas now won't save them.

I'm more worried about exchanges. I don't think Bitmex is the only exchange being targeted right now. There could be other sealed indictments that haven't come down yet. I worry about platforms like Bitfinex and Binance.

Do not worry, Bitfinex and iFinex is being targeted already because of issuing USDT hehehe. They do not appear afraid, however. They have issued the last 70% of total USDT only in the last 2 years.

@Febo. I argued about that before. However, why is Chris Larsen saying that Ripple might move overseas? Can their political connections not protect them anymore?
4917  Economy / Service Discussion / Re: United States CFTC Charges BitMEX Owners! on: October 08, 2020, 05:07:59 AM
@exstasie. They have done it before, I am quite certain they can takedown the service, seize the domain and begin imprisoning more of Arthur Hayes' group. They might have other Bitmex servers everywhere, however, would you deposit your bitcoin?
4918  Bitcoin / Press / [2020-10-08] Admiral says Bitcoin and crypto threaten democracy in South America on: October 08, 2020, 04:23:00 AM
What definition of democracy was he talking about? The American democracy where every other nation follows their rules? This is similar to their peace process. If you are not with it and its interests, they will bomb you hehehehe.



US Southern Command aims to better control unruly regimes in South America, but cryptocurrencies such as Bitcoin are making things a little more difficult.

For Navy Admiral Craig Faller, head of US Southern Command, the use of cryptocurrency throughout the “young democracies” of the Southern Hemisphere is a problem for the United States—and he is taking this "threat" very seriously.


Read in full https://decrypt.co/44218/us-southern-command-crypto-threatens-democracy-south-america
4919  Economy / Speculation / Re: The Big Short movie, BTC edition? on: October 07, 2020, 04:22:18 AM
Are we under regulation season? Who will be next?

John McAfee has been arrested and is in Spain awaiting extradition to the United States.

Today, the Department of Justice unsealed a June 15 indictment for tax evasion, which alleges that the cybersecurity software developer and ICO hype man hid cryptocurrency and other assets in bank accounts in others' names. If convicted, he faces up to 30 years in prison.

Shortly before the announcement, the US Securities and Exchange Commission (SEC) filed a civil complaint in US District Court against  John McAfee, alleging he secretly made over $23 million from promoting seven initial coin offerings.


Source https://decrypt.co/43969/sec-sues-john-mcafee-for-shilling-crypto-icos

The US government is going after people left and right. Indeed, who's next?! Lips sealed

What the hell was he doing in Spain? You'd think he would know better than to hang out in extradition-friendly countries. Damn, I honestly thought that guy would be trolling us for years to come.

Going after ICO promoters now.......you can almost hear Crypto Twitter collectively gulping in fear.

We would never know who until the American government begins to act. However, we might know someone who founded a company that has been selling illegal securities tokens for 7 years speculate that he might be next hehehe.


According to Chris Larsen, co-founder and executive chairman of Ripple Labs, the company is likely to move its headquarters overseas because due to the regulatory stance of the federal government towards the crypto industry.

Source https://www.theblockcrypto.com/linked/80039/chris-larsen-ripple-may-leave-us
4920  Economy / Gambling discussion / Re: NBA 2019-2020 betting on: October 07, 2020, 03:36:52 AM
@Reid. That was a good bet! Share your knowledge for the casual fans hehehe.

In any case, 7 points in the last 2 minutes. It appears this might be finished. All jokes aside, I was cheering for a Heat victory. Sad
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