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5901  Economy / Gambling discussion / Re: [ BOXING ]: Fury vs Wilder III in Las Vegas on 18th July 2020 !!! on: October 19, 2020, 06:16:03 PM
I don't think this is because of either side's fear to be defeated by the other. Their rivalry is legit and both are a beast on this division. It's just that.. there's no money to be made on this fight and they know that saving it until the crowds are allowed again would be their best bet. They wouldn't want to waste the hype and the anticipation built up by this possible historical fight just to get it over with, and we know damn sure that they also want to make money off of it. All the trashtalk, all the mudslinging and all of these negativities surrounding this fight is just building up the hype for people to want it more to happen.
5902  Economy / Economics / Re: Can a new $2 trillion bill bring back the US economy to pre pandemic levels. on: October 16, 2020, 11:30:46 PM
Well the first stimulus package certainly did something on the then ailing US economy on the first few months of the pandemic. It's not only the citizens themselves who benefited from that deal but also businesses where those money were spent. The money certainly made it to big institutions ultimately who provided necessities, services and other goods the Americans needed at the time. So all in all, the economy is somehow stimulated by giving 'free' money to the people.

For a second round of stimulus packages, Americans would definitely love to have a go at it, although it's like there's a tug of war between the Democrats and Republicans on passing this bill, especially since the election is coming and they are trying to make this as hard as possible for Trump. We might see another stimulation of the economy since the citizens have another buying power on their pockets, though that money isn't infinite and some other solutions have to be proposed in order to bring back the US economy to where it was prior to this pandemic. Hint: jobs.
5903  Economy / Economics / Re: Bitcoin start Backing USA dollar on: October 16, 2020, 09:46:35 PM
If there is something that should back the USD again, it would be gold and not bitcoins.

Imagine USD being backed by something that can easily be obtained if the price is right, that'll be problematic since countries can band together if they want to and sabotage bitcoin's price, and you end up with a weakened dollar with practically little to no value. Plus, unlike gold, bitcoin has no other uses apart from being a temporary 'hedge' from failing assets and currencies, and its value is built on the fact that there are tons of infrastructure invested to mine this coin, and miners wouldn't let those investments go to waste. Add speculation to the mix and you get bitcoin.

USD will not go back to the gold standard, nor the US would be introducing something to back up their currency. With the current setup of the dollar, they can create something out of nothing literally if they wanted to, and the repercussions wouldn't be that severe short-term as it can be evenly spread out into years--even decades--up until a recession occurs and they'll just start at square 1 again as if nothing happened. The specifications of the USD is 'perfect' in most aspects and in sync with how the world economy goes right now, and bitcoin just doesn't rhyme with all those control methods from a central governing body.
5904  Economy / Gambling / Re: ⭐ Crypto.Games ⭐ 0.8% House Edge on Dice ⭐ Largest wagering contest...ever ⭐ on: October 16, 2020, 09:17:25 PM


Congrats to this lucky player with 12BTC profit after only 150 bets on dice.

I've just seen this right now after logging in on my account. Talk about high rollers. That's some serious balls and profits right there, I'd say. You don't see that very often!
5905  Economy / Economics / Re: Bitcoin Balance on Exchanges Reducing on: October 16, 2020, 08:06:05 PM
Or most purchases at recent times are just from giant companies and institutions and they just transferred those coins into their cold storages. With the surfacing of reports about companies buying thousands of bitcoins in one go, it isn't really a wonder why most coins are disappearing from exchanges. Also, due to the countless hacks that have happened even to some of the most reputed exchanges, it's better to be safe than to be sorry. 2010 vs 2019 data says nothing constructive IMO, and in fact if a bull run is indeed waiting to happen, most coins would be on exchanges ready to get swapped in-between hands for price actions to start.
5906  Alternate cryptocurrencies / Altcoin Discussion / Re: Is there any Crypto with stable change and good trading volume? on: October 16, 2020, 06:48:16 PM
I would not seek Binance as a platform for such trades if you're looking for huge "profit-makers" since those are found on smaller exchanges where whale influence is still present and the exchange doesn't care at all. There are a few on my books that I have been looking at on Bittrex though once a currency has been 'moved' into higher highs, most probably it will not see the same thing ever again since people have already milked the hell out of it. For stable coins suggested here, I wouldn't really rely on trading them to make a profit since the changes are a really, really slow that you need to have a ton of those coins in order to make some hefty sum.

But this question comes up in my mind, why you're looking for stable coins instead of high volatility coins and high volume coin. Remember that in fluctuation you can earn profit even you just follow the basic step in trading, buy it when the price is low and sell when the price is high. If you're looking a real profit, just take a risk on high fluctuate coins.

Same thoughts as well. I'd rather bet on high volume, high volatility coins than wait on a miracle on coins which have fairly stable pricing. Sometimes these coins are those that will probably get abandoned sooner and you're end up holding some bags on you with no value. I've experienced that a lot of times since I tried to be "careful" but ended up losing some than gaining some.
5907  Economy / Gambling discussion / Re: Any p2p LUDO, Carrom, 8ballpool game with Bitcoin on: October 16, 2020, 05:55:35 PM
Sign a petition with co-gamblers and maybe platforms will heed your call if enough attention is garnered. Usually, they don't host these games since there aren't that much interested in it. But yeah, P2P games like Miniclip's 8-ball pool could be a great game for gamblers to play against other opponents with their actual skill and not just luck. If I remember, there were a few people who were interested in having an 8-ball pool tournament in this forum, though that didn't attract much attention and was scrapped. As of right now, there are no known legitimate casinos hosting such games and events in their platforms.
5908  Economy / Economics / Re: China is looking to get rid of the US dollar on: October 16, 2020, 04:04:04 PM
For years they are wanting to ditch the USD on the pedestal as the world's reserve currency due to obvious economic and sociopolitical reasons. They are slowly doing this by passive-aggressively colonizing other micronations through debt traps and bilateral trade agreements wherein China will always get the longer end of the stick. They may not dethrone the dollar by advertising their own currency but they are doing it silently by bullying other nations. Just wait until China gets all the aces and bam, you have tens of countries using CNY or Digital Yuan sooner.

The only edge of the USD at this point in time is the world's trust on the said currency and country to do wonders. They are, for the last decades (or even century) the mightiest superpower in the world. Of course, if this holds true even up to this day, countries' trust on the US would still remain as is when it comes to utilizing the dollar, and there's no stopping that even if China or the EU introduce a 'better' alternative than what the world is already accustomed to.

I am not entirely sure if they are actually launching a virtual coin because all the articles I could find had mentioned that they are pushing Yuan and not sure if they will launch a digital Yuan currency or not. I feel like no matter how much we hate China and their leader but really they have the right vision and better than others in many ways.

On some ways, yes, but an authoritarian control isn't always gonna work in the long run. With the way the Chinese treats other countries that are indebted to them, and they way how they are forcefully trying to retake HK and Taiwan, I don't think the public opinion about them will change sooner.
5909  Economy / Gambling discussion / Re: Do you read the TOS of a gambling site? Honest answer please. on: October 16, 2020, 02:41:36 PM
Before I decide to send money on a gambling platform that I fancy, I always make sure that I read the parts on the ToS regarding withdrawals, account suspensions, promotions and regulations. If one of those listed in the ToS do not satisfy what I usually look for, I simply don't play in that platform and half-heartedly just look for another platform to play. Those are the only things that I care about since these subjects are usually where most users' problems arise. If I have a solid understanding on their terms in regards to a problem I may have in the future, they just can't scam their way out of the mess they made with me and I might even get compensated handsomely since I know where they might have went wrong.
5910  Bitcoin / Bitcoin Discussion / Re: Coinbase to Support Bitcoin Core Developers on: October 16, 2020, 01:08:05 PM
Not sure if this is for the benefit of bitcoin as whole or just for Coinbase's own agenda. They are pretty much running around out there trying to make 'good deeds' fairly recently and it's kinda suspicious, knowing how they tried to influence the development of bitcoin in their small schemes way back when the talks about the fork are everywhere. It's cool that they will incentivize the volunteer work of the core developers, though at some point you will really notice that there seems to be a deeper meaning behind these 'good deeds' that they have been flaunting for the past few months.
5911  Other / Archival / Re: Potential shortage of bitcoins? on: October 16, 2020, 11:22:55 AM
They will have to offload those coins some time, and I'm guessing that they'll do it once an ATH is reached. The numbers that they are buying are still far from the current market cap numbers ($200+b) and the total available, circulating supply which is somewhere in the 14m - 15m range. It would be a bit scary if one ballsy company decided to buy millions of bitcoins in one go, and it's not even remotely far from the truth considering that the asset has been receiving a lot of attention from institutional investors lately. Though at this point in time, it's just speculations that's running on the heads of those who pull the strings and IMO, aren't ready to commit for bigger stakes yet. Should the worse comes to worst, increasing bitcoin's divisibility is still an option we can take, though the market has to be fucked up so hard for that to happen.
5912  Economy / Gambling discussion / Re: Motosport General discussion tread --- Formula1, MotoGP, WTCC, ETCC, DTM..... on: October 15, 2020, 08:14:27 PM
The solution is not easy, even if they go back with no power unit why new teams like BMW, AUDI, LAMBO and more should join in F1? They will be too behind in development.

Those teams can join F1 only if every team will have stock parts but in that case, Ferrari and Mercedes will probably leave and found a new circus.
Ferrari and Mercedes will never run with another team engine.


Less good tires are terrible solution and no real racer will ever say different. Point of Formula 1 is to see best racing drivers in the world drive fastest and best racing cars in the world, but not just drive them. The key is to drive them on the limit.

With tires less good as you say we will never again watch cars and drivers on the limit and finding that limit. For me that is the core of F1. Everything else is politics and bullshit for the show which we are experiencing for the last decade or so.

Well F1 has been through some shit show for the last decade that's right. And we, as the fans of the sport, are the ones mildly suffering as it's really shitty to see that the cars aren't really pushed to their limits unlike the heydays of F1 in the 80s to 90s. A lot of the regulations imposed by the FIA on the sport slowly killed the thrill of it. I believe that we can still see the best of these beasts of cars AND still abiding by the rules and safety regulations. However some people within the management--and also some within the teams--didn't have the balls to ask for more power for the cars but instead ask to nerf some of the best cars' best assets in order to play in a level playing field.

Imagine ingenious engineering techniques being added again to some of these cars like in the 80s and 90s and actually having some safety measures being observed. This could have been the best era for F1 with all the tech and all the new stuff we have for automobiles but here we are, teams constantly shouting to nerf other team's cars just because theirs weren't good enough.

About the refueling, I don't think it will never happen again, too many risks. A good solution is to use "less good tires" to create more pit stops but Pirelli tried to do so and team complained about it since more stops=more risks

If pit stops are designed to not expose the fuel tanks to heat or any other factors that could cause a fire, then refueling can still be possible. Add to that the car's gas tank being exposed already to intense heat from driving at insane speeds. There are a lot of factors accompanied to refueling that the FIA deemed it unsafe--or they are just not really wanting to spare some more money into development of such tech, both the teams and the management.
5913  Bitcoin / Bitcoin Discussion / Re: what would happen on: October 15, 2020, 05:52:06 PM
It will just pile up in the mempool until some miners decide to include it within their block. We have had cases wherein the mempool reached insane heights, or sat/byte values that even 100 sat/byte transactions were utterly rejected to make way for those higher fee transactions in the network, and that is during the 2017 bull run. There's nothing really magical on having 1000s of these transactions being done in a single minute, though the numbers would pile up on the mempool and the miners would have to clear it at some point.
5914  Bitcoin / Bitcoin Discussion / Re: Why Billionaires Are Suddenly Buying Bitcoin on: October 15, 2020, 04:29:01 PM
The most likely answer is profits, for obvious reasons.

I believe that there are a good chunk of millionaires and billionaires who are already in possession of a considerable sum of bitcoin, though are being discreet about it or are just outright denying it since they haven't accumulated enough yet. As an investor, you don't want to compromise your position very early on in the game if you want to maximize your profits, so it is just smart for them to badmouth bitcoin and crypto very early on while buying in the shadows.

Just look on how much gains bitcoin has had within the past 5 years alone. If that isn't enough to tell you that there's money to be made on a 'new internet fad' then I don't know what will. They have their eyes on this one and possibly even cashed out on 2017 and are just doing it more publicly to subtly tell people to buy it since they are on it.
5915  Bitcoin / Bitcoin Discussion / Re: Why do mixing companies want stolen bitcoins? on: October 15, 2020, 02:51:13 PM
I don't think 'want' is a word you are looking for. Mixing services are employed to sever a connection of transactions at a particular point, making the user somewhat anonymous again since the trail is already convoluted or tainted with lots of in-betweens. They are receiving fees for the coins that they mix, and they do not have control on whatever coins they receive in the process, so it's not really uncommon for them to receive coins that are tainted with illegalities but still accept them since that is what their service is for.

I mean, if I am an anonymous entity hiding in the sidelines and someone wanted to trade his/her stuff with mine in exchange of a small sum, why shouldn't I do it?
5916  Economy / Economics / Re: Russian currency big problems on: October 15, 2020, 01:58:41 PM
Russia's export capabilities aren't a joke. They are still one of the largest exporters of energy products such as coil, oil, petroleum products and gas, alongside being one of the largest producers of metals and minerals. They are basically one giant landmass of natural resources ripe for the taking, and if that does not strengthen the Ruble and their economy in any way, then Putin is doing something really wrong in his rule. Most European countries are still dependent on Russia's exports and are in close ties with them, since they know so well that Russia is a force to be reckoned with, though they only get vocal when the Russians are snooping its nose on some of their properties. Anyway, Russia's economy and currency is still robust IMO, so long as there are countries heavily dependent with their exports. You can't discount Russia's total land area for their economic capabilities.
5917  Economy / Gambling discussion / Re: New Normal Game Setup - a success or a failure? on: October 15, 2020, 12:39:11 PM
The bubble setup has a lot of flaws in it, though most sporting organizations already made sure that their events wouldn't be a ground zero for viral transmission and so far there isn't any serious cases of infection anywhere. The sporting organizations are following most of the health safety protocols and guidelines and that's great if they want to continuously deliver entertainment to their fans who are still within quarantines on most parts of the world. I can say that the new normal setup for sporting events is a success, since they delivered outstanding content to us fans while keeping everyone inside those bubbles safe and healthy. Profits may not be pretty but you still see their dedication and heart into it, and that's a plus for us.
5918  Economy / Gambling discussion / Re: How does a software defined House Edge work in a PF scenario? on: October 15, 2020, 07:35:34 AM
The house edge that digital casinos and physical casinos have are essentially the same, that in the long run, people are bound to lose money to the casino if they continue playing. Provably fair is just an algorithm to ensure the players that the outcomes of the bet that they are playing on in a digital casino is not altered or manipulated in any way, There's nothing so special about it, IMO. It's just a way for casinos to embed trust within their platform by letting the players do the checking of seed themselves.
5919  Bitcoin / Bitcoin Discussion / Re: Hardware Cryptowallet with Fingerprint Authorization on: October 15, 2020, 06:14:27 AM
Aren't fingerprints easy to replicate on such fingerprint readers? There's even a story of a hacker replicating fingerprints of a German politician using only a photo. As efficient and as handy (no pun intended) this biometric security is to have, it also comes with some concerns. It's fancy, easily accessible and also cool to have, but on the security side which these tools are much needed for, it isn't really as great and fantastic as any other alternatives out there. I'll stick with my paper backups and create a ton of them scattered on some parts of the house , I guess.
5920  Economy / Economics / Re: Bitcoin Holding in Companies on: October 14, 2020, 06:35:09 PM
This is somewhat a good thing right now, but long-term implications are quite scary and doesn’t seem to be that inviting. If these companies are pooling such large assets into their fund management, once they need to liquidate some assets for something important, those bitcoins might be off the shelf and be sold in one massive transaction. Of course there are OTC trades to limit such things from happening but if the spot market prices are better than that offered by the OTC platform then you know what happens next.

To think that publicly-traded companies are open to accepting such gambles in their asset management is really amusing. They might not see bitcoin as a currency, but as an asset they’re definitey spot on.
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