I agree. If today all the money in the world is confiscated and then immediately distributed back to them evenly, as early as tomorrow there is already rich and poor. That is how the reality of humanity works.

And so I am not a fan of wealth redistribution but I am always in favor of mechanisms which somehow bridge the gap. I simply cannot fathom the wrong side of the human race when people burn millions on gambling tables, shoes, signature handbags, toilet bowls, and so on while their fellow humans can barely eat even once a day, and on scant food devoid of any nutrition.  

Anyway, spending drives up the fiat economy. It helps money revolves around. But I don't think that is different with a Bitcoin-based economy. Businesses will only thrive when people are buying. The more the people are hoarding, regardless if it's fiat or Bitcoin, the more the economy shrinks.  

The difference, however, is that hoarding will inflate the value of that limited Bitcoin while fiat will continue to lose it.

Well, the Bitcoin whitepaper was released in the early days of the last quarter of 2008. Hal must have found about it shortly after and immediately had email correspondence with Satoshi.

Finney was said to be the first person to report bugs he found in the earliest Bitcoin codes directly to Satoshi. Satoshi himself would respond to these emails with the corresponding fixes.

And so with his contributions it was not mind-boggling that Satoshi himself added Hal as a developer, and also chose him to be the first Bitcoin receiver when the former made a test transaction on the 11th of January 2009, at least a week after its launch.

Every single country will have to do some printing of money out of thin air during this pandemic. There is no exception. They are doing that without a pandemic so there are actually more reasons, more urgent ones as well, to do that now.

The Reserve Bank of Australia (RBA) is doing what other countries' central banks are doing. And they have confirmed that.^[1]

[1] https://www.abc.net.au/news/2020-04-07/coronavirus-economy-printing-money/12125816

If it is betting on, say, a lottery where the chance of winning is one in a million, I guess there is not much to know and understand about it. So, most probably, you will just blindly place your bet on a specific number you consider lucky.

That would be different if you are betting on sports or horse race. At the very least, the people or animals involved have their individual or team records. Their games and performances have patterns, styles, chemistry, strength, weakness, and other unique characteristics.

I believe that knowing all of these and making a brilliant and informed analysis out of them would give you a significant edge of winning.

Not to mention the fact that for you to be able to invest and become rich in just less than a couple of years you need to have money first. And that money is something that should be taken from your savings. Otherwise, you would rather spend that money on something which you or your family needs.

If you want to become rich through investments, you need to have something to start from. Without it, you won't ever reach that dream of becoming wealthy. Wealth creation through investment, first and foremost, requires that you already have at least a little amount of it.  

Even the most leading brands in anything are now made in China. Everything is made in China. Let me exaggerate a bit more and guess that there is not anymore a single house all over the world without something in it which is made in China. As the joke goes, god made the world and the rest was made in China. Hell, even relationships are made in China. LOL!

The betting site and casino I have been using for quite a while does not charge a fee for withdrawals, although I haven't been gambling very lately so I am not sure if it is now imposing fees.

Anyway, to answer your question, I would probably be leaving my casino of choice if it ended up massively increasing its withdrawal fee after a long time of charging zero. I normally does not keep much money in my casino wallet as it only entices me to bet more so I am making withdrawals after a certain amount is reached. High withdrawal fees will definitely be a hassle that might discourage me from staying there.

Not the least. At the end of the day, everything boils down to features.

First and foremost, as being mentioned, it might just be another stablecoin pegged on the USD. Secondly, it is a coin by Goldman Sachs which means it is centralized because it is owned by the powerful bank. Therefore, even if it uses the blockchain technology it is most likely just another fiat token built on a centralized blockchain.

In effect, you are not actually selling it, you are using it to buy what the other party is selling. It's not selling; it is spending. In comparison to selling those tokens for something which you will use to buy goods and services, in this case fiat.

I am not sure they have this notion that these PoS reward tokens, in and of itself, could act as money and should therefore not be compared to the likes of artworks or livestock.

With their assumption, the government might end up not receiving any tax at all, because staking participants have two options: whether to directly spend their tokens as they are and not imposed any taxes or convert them into fiat first and pay taxes. Well, provided these tokens are widely acceptable by merchants, I guess it is not hard to decide which option to take.

100£ monthly deposit is just a soft cap. By giving that amount a label, there must be a higher cap probably depending on certain conditions. Furthermore, 100£ is low but gambling expenses should be low. It shouldn't be allocated with a budget that may get near the amount spent for necessities.

Also, it may actually accumulate because that monthly deposit limit probably discounts the fact that within a month that amount could actually double, triple, or even more.

While I am not a fan of rules, it is my general observation that people are better subjected to them rather than left absolutely free on their own. Yeah, people are no bots; they have awareness. But the thing is they are also very prone to spiral out of control.

There is no point talking about keeping personal information when what one wants is to withdraw her Bitcoin into her bank. There's no way OP's sister will get away from sharing her personal information unless she will deal with someone face-to-face and with cash. That's not necessarily a better option either.

Binance's P2P withdrawal method would still require KYC. Even if you avoid that and deal P2P with someone else away from centralized exchanges, you would still need to provide your bank account's details and that would include your name and account number at the minimum.

05- Darker45

Please and thank you!

You don't take this man seriously. The man is a joke and he seems to be enjoying and living it quite well. It's either the man is YOLOing or just haven't received enough attention yet until now. Either way, the joke's on us if his childish antics would still evoke certain emotions from us. I guess he's silently laughing at people who take his statements seriously and get piqued.

82- Darker45

Please and thank you!

My point is that they are comparing these tokens to things such as "crops, minerals, livestock, artworks, and so on" which would be taxed when they are sold. However, say, I would stake Ethereum as soon as they have already fully shifted to PoS, and so I would be receiving regular income in ETH. And I would use the same ETH for buying stuff. I might end up not taxed at all from my staking income if I would not ever convert my ETH to fiat but spend them just the same. That would defeat what the congressmen are saying, that "we believe the taxpayers' true gains from these tokens should indeed be taxed."

I think this is not the first time you mentioned URSS. I assume you are referring to USSR every time?

Anyway, I agree that all these talks of the USD falling out of value has been around for decades. But it seems to me-- a highly unreliable spectator at that-- that the US is generally doing well despite of it all.

I don't know how old you are but I've watched documentaries of the US of old and old interviews and in those videos it was quite common to hear people casually alluding to a falling USD, a sovereign currency which was perceived to be losing its power sooner rather than later. But until now all I can see is a strong USD which is still the most powerful global reserve currency at 62%, the green currency which my countrymen have been longing to hold all their lives, the money which people are setting as a sort of an ultimate goal that they are willing to let go of their families and their managerial jobs in exchange for dirty jobs for the sake of its value, and so on.

I know war is costly in so many aspects but a full blown war at this nuclear era is going to be devastating to every single country involved. And I suppose the cost-benefit of it has already been carefully studied by those at the top. And the result of which is probably one of the reasons why the US is resorting to relatively small yet very profitable domestic and regional wars. These are not even wars; these are more like a modern and subtle way of annexation or invasion which have economic underpinnings more than anything else.

This is just my couple of Sats so take it with a grain of salt.

I think Bitcoin at almost $12,000 is not a buying price unless you intend to HODL it indefinitely until the price will go way far higher than that. If you are aiming for the shorter term, it is my hunch that the price will still go even lower than 5 digits in the weeks or months to come and so you better wait for the solid red days.

I admit I am using USDT to trade with BTC during large swings. That is to minimize possible losses when trading with altcoins. This is what I do but don't take this as my suggestion or advice. A lot of people discourage others to even consider trading stablecoins especially USDT.

.0155BTC

37, 38, 39- Darker45

Please and thank you!

It is actually best to refer to a forum like this one before jumping into any kind of Bitcoin or cryptocurrency investment opportunity.

And now you hear it from everyone here who responded so far. This is clearly a scam through and through. Don't invest in it! There's no need to risk even the smallest amount! Disregard the enticing daily profit. This is a Ponzi Scam!