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4921  Bitcoin / Bitcoin Discussion / Re: Devastating "Infrastructure" bill in US - contact your representatives on: August 11, 2021, 01:49:40 PM
If you think you understand the bill better than the entirety of the US Congress, then great for you.

It is clear that franky1 is a peculiar guy. I put him on ignore for a while. Not only does he seem to understand it better than all the members of Congress, but also all the forum members who have commented on the thread and the other crypto news sites, Youtube videos etc. that I've seen have commented on the bill. None have the vision that franky1 has, but he has it so clear that he calls us trolls:

oh grow up you trolling drama queen

We are all mistaken and do not understand such obvious things. Lol.
4922  Other / Meta / Re: We need a new global moderator. on: August 11, 2021, 01:35:25 PM
If I were to become a moderator of the P&S sub, I would not moderate as Twitter does, but rather would moderate as a neutral party "down the middle". I would continue to express my opinion but would encourage everyone, regardless of their opinion to post their opinions and encourage everyone to have a well-reasoned debate with those they disagree with. I would split topics as they go off topic, would remind people to remain on-topic, and would make well-reasoned counterpoints when someone makes an argument I disagre with, in order to allow for others to debate

You're misusing the trust system against users for expressing opinions different from yours. I don't think you would have any qualms about misusing a moderator's position.

Cnut237    2020-08-31    Reference    Repeating left-wing propiganda. Take anything this person says with a grain of salt.
Juggy777    2020-08-31    Reference    Repeating left-wing propiganda, take anything this person says with a grain of salt

Once again, and in view of what he says, I will agree with suchmoon, and PrimeNumber7 will not be able to say that I repeat left-wing propaganda.

The problem is that we all like to think we are more objective and unbiased than we are.

Leaving that feedback to Cnut237 is anything you want but unbiased, PrimeNumber7. I with Cnut237 usually have differing opinions, after debating sometimes we come to common ground and sometimes we don't. Precisely on the issue of structural racism I disagree with him. For me it is much less than what is painted, but to say that he simply repeats left-wing propaganda when Cnut237 is a person who always defends with detailed arguments what he says is completely misrepresentative. With that background, I don't trust you to do a good job as a moderator.
4923  Bitcoin / Bitcoin Discussion / Re: Devastating "Infrastructure" bill in US - contact your representatives on: August 11, 2021, 10:50:43 AM
I have warned in some of my comments before that the US has too much of a role in the world of cryptocurrencies with all that infrastructure and with its influence on the rest of the world. If such a law were passed, then it is only a matter of time before US allies would also be forced to act in the same direction, which means that the EU, Japan, Israel, the UK, India, and many other countries would do something similar.

Somehow missed this point yesterday, and it's more valid by the day.

Ask anyone anywhere in the world working in finance/banking. When it comes to compliance, they can find wiggle room for EU laws, even for OECD but if it just breathes on OFAC and the US, everything else is put on the back burner.

"US nexus" is the kill-all in compliance. And if this bill passes, which it looks like it will, it's going to force the EU and others to change the way they view crypto dealings with individuals/p2p.

It's not going to "force" anything, the EU is already taking steps in that direction as I was saying in a previous comment:

EU wants to ban crypto anonymous transactions and wallets

The rest of the countries, maybe they have not started with legislative initiatives like that but that is what they want. They don't need much persuasion to take steps in that direction.

Another problem I see is that large institutional buyers, that could influence politicians, won't care that you can't do anonymous P2P transactions. The only thing they will care about is if it affects the price, but I think that influence will be short term only. Saylor, Musk etc, buy fully KYC. That we individuals can have a privacy space on the blockchain I think they don't really care.
4924  Other / Politics & Society / Re: The KRAKEN Rises !!! on: August 11, 2021, 10:39:33 AM
I do not know the particularities of the US electoral procedure, but I find it very hard to believe that in a developed country a large scale vote fraud could take place. Elections are highly supervised procedures, with interveners from all political parties. I am not saying that fraud of a few votes can be committed at some small table or in some small place, but on a large scale I see it as practically impossible.
4925  Other / Meta / Re: We need a new global moderator. on: August 11, 2021, 08:05:41 AM
A new global mod wouldn't be such a bad idea as they could pick up slack in other areas without a moderator, like P&S. I really can't think of a downside to adding new blood to the administration... things seem a bit stale up there.

I am pretty sure I've reported posts in the P&S board and have been dealt with. The only thing is, I am quite lenient when reporting, so if I report some post it is because it is a huge nonsense crap, not because it expresses some weird idea.

I'm not sure I like your idea of a specific moderator for P&S. To me there is an essential difference between what you call spammers in P&S and in other parts of the forum like Bitcoin Discussion or the Gambling Section. BaDecker-like forum members and others who write outlandish posts on P&S are not doing it to make money from signature campaings.  They write those posts because they really believe in it no matter how odd it may seem to a rational mind.

I understand that if moderation is not harsher in that section it is out of respect for the freedom of speech that exists on this forum. As I say I'm pretty sure I've reported posts there that have been deleted, which I can't verify because I haven't reached 300 reports.

I would be concerned that posts in that section would start getting deleted because they are considered conspiratorial, as is happening especially in social media.

There was a time when if you believed that the invasion and war in Iraq was for oil instead of WMD you were a conspiracist. The same if you thought that COVID had come out of a laboratory in Wuhan...

Whoever supports censorship because it suits his political ideas should not complain tomorrow if they censor him too.
4926  Economy / Speculation / Re: Stock Market, Fundstrat’s Tom Lee predicts Bitcoin has a shot at $100K on: August 11, 2021, 07:50:12 AM
Bitcoin having a shot at $100,000 was already predicted early this year. So I don't think its success or failure to actually reach it has something to do with the possible major upswing of the stock market in the late part of 2021 or the falling cases of the delta variant of COVID-19.

When Bitcoin reached $64,800 in April, it was almost enough sign it could actually breach 6-figure within 2021. It was still very early that any degree of correction that follows it would easily be absorbed within the year so that the price could still consolidate and rebound a lot stronger aiming $100,000 still within the year.

I agree but I think that if the problem of the miners having to leave China didn't happen, we probably would have reached $100K by now. It's a matter of demand was greater than supply. With the China problem, the miners had to sell to get out of there and it also caused FUD which caused more people to sell, but once we are past that, hopefully we won't have a similar problem this year and we will get easily to $100K.

4927  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 11, 2021, 07:20:12 AM
Now it seems that we have broken resistance and that we are going to 50K in the blink of an eye.

$46,325.22 on bitstamp.

Waiting for trolldhon and his theories.
4928  Other / Beginners & Help / Re: Where is the source of value and credit support for Bitcoin? on: August 10, 2021, 04:22:15 PM
The source of value are its intrinsic properties, its decentralization, as you mentioned, its limited finite supply, its irreversibility.

Will its emergence be the country's fiscal sovereignty and monetary sovereignty? If the government strengthens its control in the future, can it continue to  its current development?

Yes the Bitcoin will continue to be developed no matter what the government does or doesn't do.Governments will want to control it more and more, and it seems to me that to a large extent they will succeed, but I believe that there will always be a space for privacy. I think that the rise in price goes hand in hand with regulation and (attempted) control by governments, otherwise there would not be a massive adoption by individuals and institutions.
4929  Economy / Economics / Re: When debt is an asset on: August 10, 2021, 04:13:21 PM
It might seem ridiculous for some people regarding debts, since the inflation rate and the interest don't make sense for some people. However, it's the only choice for someone else when they don't have enough money to afford something, and never will. Should they save up for 25 years before they could afford a house? no right. I guess it's good enough for him to mortgage a house, although the debt is difficult, but yeah that debt can be asset. He has house now, he can use it anytime for asset. The certificate for the house can be used as guarantee too if you need money, it's asset. If the price went up, since property always go up, it's such a great asset and you can gain profit from it.

Although I generally agree with what you say, be very careful with what I have put in bold. House prices do not always go up. Precisely for thinking that, many people got into trouble in the 2008 crisis. In the short term house prices can go down, and if you are over-indebted you may have a problem.

Moreover, in general they are a good hedge against inflation but we must think about how much is due to the real increase in value and how much is due to the devaluation of the fiat currency that you use to buy houses.
4930  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 10, 2021, 04:05:11 PM
...

There are millions of people today who claim that the earth is a flat plate, and they also have their scientific and mathematical calculations - do you think they are right with their theory?

Good grief, no, they're not right with their theory and their science and maths are all messed up. That's how my proven bitcoin theories are different -- I have a better grasp of the relevant science and maths and have good confirmed sources.

Quote from: Zedpastin
What are these confirmed sources?

Mostly good Russian and Chinese technical sources. They typically do the most rigorous and well designed studies. I had a whole thread about it a while back.

Yeah right, and I assume you're not going to reveal your sources or expose your research because of...? that you are afraid we will laugh at you? I still think you are a troll playing a role, but if you weren't you would have no problem exposing your research so that everyone could see how correct it is.

So far they haven't given very good results in terms of predictions, so they don't look very rigorous.
4931  Bitcoin / Bitcoin Discussion / Re: Devastating "Infrastructure" bill in US - contact your representatives on: August 10, 2021, 10:26:32 AM
It is disappointing there is not more discussion about this on this forum. There is much more going on on Reddit and Twitter.

I totally agree, although I saw some discussion also in the WO thread and I would say some other thread, but I don't remember now exactly.

What is not clear to me is that the crypto market does not react negatively to such news - maybe everyone thinks that something like this simply cannot happen?
The bill hasn't passed yet, and if it does it will still be 18 months or so before it takes effect.

Other than that, correct me if I am wrong, the bill could still be amended until it takes effect. It would be better if it was passed in a way favorable to the crypto industry now, because then it costs more to amend later on, but it's not like if it's passed today there's no chance of changing it.

That's what I've inferred from what I've read out there. Maybe that's why it doesn't influence the price much either, because the market thinks that if it's unfavorable there's still some chance to amend until it went into effect.
4932  Economy / Gambling discussion / Re: Do poker and sports betting skills correlate? on: August 10, 2021, 10:19:15 AM
most people who are in games of chance like and study almost everything that the casinos offer, that is, it is normal that people like and bet on sports bets and at the same time on poker and at the same time on slot and other games. .. this does not mean that being good at poque will also be an advantage in sports betting. if you look at sports betting and poker, it's easy to see that you have to do different analyzes and with different strategies and bankroll management

I think poker and sports betting can't be compared to purely luck based games, like slots and other similar games. They are very different games.


They are indeed essentially different. As I was commenting above, casino games are EV- which means that the player will inevitably lose money in the long run. The larger the sample the surer it is and the more he will lose.

In poker, on the other hand, there are many players who develop an EV+ game, where the opposite happens as in casino games: in the short term they may lose, even against very bad players, but the larger the sample size, the more likely they are to be in profit and the higher the profits. Some people say that this can be achieved with sports betting, but I don't know that for sure.
4933  Other / Politics & Society / Re: My body, my choice is the new : just do it ! on: August 10, 2021, 05:26:15 AM
I agree with the first half of your statement; it does seem hypocritical.

As someone who falls into the second half, I would say that vaccination doesn't just affect you as an individual, it affects those you might infect... whereas abortion of a small bunch of cells is very different. 'Pro-choice' in the context of abortion does not generally refer to a pregnancy that is nearing full term. Potentially killing many people is different to aborting* one potential person.

*we can't use the word 'killing' if it is just a few cells.

Yes, of course, I am also generally pro-choice and I think the key is what we consider a human being. We don't usually consider a 2 week old fetus and we do consider a 9 month old about to be delivered. The problem is where we draw the line that says what is a human being and what is not. There will always be people who disagree.

Potentially killing many people is different to aborting* one potential person.

Although I get the idea, it seems to me that you are overdoing it with the example. To begin with, killing is voluntary and I believe that the vast majority of those who do not want to get vaccinated are not thinking of voluntarily killing people. In addition, the mortality of the virus is low, and we are in a context where there are already a lot of people vaccinated, so the people most at risk who are vaccinated also have a reduced probability of ending up dying from the virus. To say that anyone who does not vaccinate is potentially killing is too much of an exaggeration. 



4934  Other / Politics & Society / Re: U.S. media bought by China on: August 10, 2021, 05:15:31 AM
I am locking this thread, thanking suchmoon, because it is not accredited what the title says, and leaving it open can be misleading.

If someone finds evidence to affirm that the US media were bought by China, let them open another thread, but in view of the analysis done, it cannot be affirmed. Moreover, what seems to be more accurate to say is that it is at least an exaggeration, if not a blatant lie.
4935  Economy / Gambling discussion / Re: Do poker and sports betting skills correlate? on: August 10, 2021, 05:08:45 AM
It may be a coincidence in this instance, and as others have said, the sample size is too small to form a conclusion.

However there is certainly an overlap between the skills required for sports betting and those required for poker. Your point about winning in the long run is I think important. I think I am reasonably good at poker, and have made more money than I've lost. Same for sports betting. The mathematics is important in both. If you judge there is a 30% chance of winning in any particular individual instance, then of course that will resolve to either win or lose, 0% or 100%. With two 30% events your outcomes can be 0, 50 or 100%... etc. In the long run, the combined outcomes will approach 30%. There are certainly differences in the skills required for poker and for sports betting, but understanding the mathematics and making decisions armed with a statistical analysis rather than going with gut instinct is invaluable in both.

I guess what they are similar in is the combination of mathematics with intuition.

But I see clear differences. For example, in poker there are times when you know 100% that you have the winning hand. Other times you know 99%, like when a very passive player reraises you (in this case you know he has the winning hand). I don't think you have those percentages in sports betting. Then, the example you give of 30% I suppose it is similar to when in poker you have the odds to chase a flush or a straight.

On the other hand, the bookmakers give odds for sport betting calculating also, you are calculating against the house and I see only a small margin of winning there. In poker if you want to win money you have to sit at tables where you know there are worse players than you. There I think there is more margin than your odds calculation vs the house odds calculation.

Of course neither activity is like casino games where you know they are inexorably EV- in the long run, even though you may have favorable results in the short run.
4936  Economy / Economics / Re: When debt is an asset on: August 10, 2021, 04:55:01 AM
just found out there is a negative interest rate, there is a plus plus in my country, you can clearly say that you are given free money,
I personally stay away from debt at this time and so on, because debt is only a shortcut to speed up wanting to own goods or anything, what's more, in my country the interest rate reaches 2% of the loan if the interest rate is late the daily rate runs

It is not very clear what you are saying. Which country are you talking about? As far as I know, in countries where the interest rate is negative, it is negative only if you deposit your money, not if you take a loan. Therefore we cannot talk about free money. Free money would be if you were to ask for a personal loan and the interest rate was -2%, but what happens now, as far as I know, is that if you ask for a loan they charge you 4%, or 8% or whatever depending on your personal situation and if you leave your money on deposit is when they apply a negative interest rate.
4937  Economy / Gambling discussion / Re: Effects of Greed in Gambling on: August 09, 2021, 04:46:46 PM
Greed would be one of the emotions that dominate the player who ends up having problems. Not infrequently the player who has problems with the game knows that he should not play anymore, that he has played too much and that he should not try to recover his losses. And conversely, the one who has a stroke of luck and wins a good jackpot, the best thing to do is to go away and enjoy the money, but the one who does not control his emotions cannot stop and ends up losing everything and more.

People who are very emotional, better stay away from gambling.
4938  Economy / Gambling discussion / Re: Do poker and sports betting skills correlate? on: August 09, 2021, 04:43:19 PM
It's probably just a coincidence that they are interested in poker and sports betting. I would say both would require data gathering and analytical skills as the correlation.

People who like to gamble rarely focus on just one game!
Exactly. Anyone could be good at sports betting while also good at coin flips or other gambling games and it doesn't mean anything.

Yes, I think it's a coincidence too. I've been playing poker for many years, on poker and betting forums and I don't remember a single case of a winning poker player who said he was into sports betting as well.

Some people claim to win in sports betting in the long run, just like in horse racing, for example, but I would say that poker is the game that depends less on luck and more on knowledge.

4939  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin anti-inflation? on: August 09, 2021, 04:39:23 PM
I think OP meant "Is Bitcoin a good hedge against inflation?" although it is difficult to know for sure from his wording.

If this is what he meant, I would say yes, at least so far it has proven to be the best, despite short-term volatility. Just look at how many dollars you would get 10 years ago with 1 bitcoin and how many you get now. The limited, finite nature of Bitcoin is the key.
4940  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 09, 2021, 01:47:15 PM
Yeah, I've been here for a while and that's kind of what I think. It's been a very long, slow death, but it probably did die 10 or so years ago. My guess is it was the MtGox flashcrash that ultimately killed bitcoin. Just really no way to trust this "currency" after that. I think in a years time we'll be able to see that 2011 to 2021 was nothing more than one giant dead cat bounce.

I think you actually hold quite a few Bitcoins and here you represent a character for fun.

I know there are some very stupid people in the world but I refuse to believe you are that stupid, that's why I think you are acting.

It's not uncommon to see Bitcoin haters saying Bitcoin is going down/going to 0 etc but when the price goes up they disappear. They don't come here to be laughed at. Maybe even, the next time the Bitcoin goes down a bit, they will create a new account to say the same again but without being recognized.  I'm mainly talking about other internet sites, as you don't usually see many Bitcoin haters here.

So yeah, it's funny. Can't wait for your next "Scientific fact, Bitcoin will not be able to hold above $100k, $200k etc."
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