What does it mean for bitcoin to be legal tender in El Salvador?
Does it mean all shops are forced to accept bitcoin or shops can accept bitcoin only if they want to? Logically, it doesn't make sense for it to be the first option because not all shops will have the infrastructure to (e.g. a small convenience store or grocery shop). If it is the second option, then I doubt many shops will opt for it.
Or does it mean products in El Salador are priced in satoshis?
Products definitely don't need to be priced in satoshis and I think that most if not all are still in terms of USD. It's just that people are able to always get out of a transaction paying with BTC - the merchant can't technically refuse. I'm sure that practically it's a bit different since not every single transaction ends up in court, but this does allow much greater adoption to happen. |
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Love this.
I think that simple, low taxes for cryptos will enforce more compliance and could actually lead to more profits in the long run for the government.
The threshold for reporting is something that every government around the world should trial as well, because that would significantly reduce people's anxieties for record keeping.
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For altcoins, buy low and sell high, and you will make a profit. Although this statement is correct, it does not go for all coins. Some people think that when the market rebounds, their altcoins will rise with it. But the result was leaving the market at a loss.
So choose wisely and follow up the project. See what their developers are doing, or just hiding behind the prevailing saying.
Definitely not. The market is notoriously cruel to projects that have no sound fundamental basis for existing. I think that people need to realize that just because cryptos go up in general, doesn't mean that their positions will go up alongside with the rest of the market. This is why you diversify and buy a lot of good coins and not just hope for one moonshot by holding one single coin. |
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Absolutely and utterly no.
Cardano is attractive now because it has seen outsized gains that have outpaced the market over the past year or so.
I still think that the underlying infrastructure as well as adoption figures, both of which ETH holds the distinct advantage in, will be the determinant of success in a project. Especially after ETH2.0, a lot of reasons for using Cardano will be gone.
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I definitely prefer skill based.
It takes a while to master but once you do you can maximise the odds of winning or at least not losing.
For example, BJ has a house edge of 0.5% if you play perfect basic strategy or even a positive EV if you know how to count cards. Compare this to American roulette which has a house edge of 5+%.
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I am going to invest in litecoin for a long-term hold. What would be right to invest in litecoin at the present time? What do you think?
As long as you are willing to hold your horses during market downturns, yes. I think that LTC is still a good choice for a long term investment given its first mover advantage as an altcoin & its willingness to adopt new technology. Just don't expect outsized gains like some of the other alts, but the flip side is that you do get a lot more stability. Make sure you do DCA regularly into your position, though. |
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The answer is yes, inevitably.
It doesn't even hold cash as its reserves anymore.
Just take a look at their reserve breakdowns for this financial year, if I remember correctly only around 3-4% of it is actually in cash whilst the rest are in debt/equities/other investments. Fractional reserve systems never last too long.
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Hi all, i was wondering, what are the top sources i should be keeping an eye on, to spot future trends such as shib and cardano?
As im pretty novice, and not up to date on things, i only learn about certain coins when they start hitting exchanges and mainstream news etc,
by which time it is usually already 'too late'.
So what 3 sources should i keep in a pinned tab, and keep my eyes on daily, to catch early coins ?
All you need is coinmarketcap's ICO tracker: https://coinmarketcap.com/ico-calendar/This will allow you to be in the action quite early on. However, just be aware that alts suffer from extremely high survivorship bias in the sense that it is almost impossible to pick the winners from early on. Nobody has a crystal ball, so I suggest that instead of getting hyped over one project, you diversify quite a bit. |
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An essential method to solve conflicts in the long run which does mean that there will be less problems and we will have more proof in case of some dispute
Not only that it have immense potential account to the author, the knowledge, license, the compliance, data, gambling, approach safety it's all very well received with blockchain technology.
It can also be used to track a players journey apparently which I don't really understand about how it's under the privacy map.
Well the article was overall a good read, what do you think ? I definitely agree. Smart contracts are going to be the future of peer to peer wagers and fast betslip grading. The centralized model simply doesn't work for this, especially when there are fringe cases that are quite contentious. I think that it'll definitely be a great idea in the future for some centralized crypto casino to embrace their own decentralized counterpart (sort of like Binance & Binance DEX). |
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I come from a country excluded for betfair. I am irritated by betfair brokers, it's not the same. There is no worthy alternative for them. Why has no one built something similar, based e.g. on BTC? Isn't it a profitable business? Is it worth it to ban an account from an allowed country? I have doubts, most of it is probably a scam, and after some time it can be blocked anyway.
Most crypto sportsbooks are probably able to help you? Fairlay, OneHash are probably the ones that I would go with that would resemble Betfair the most. You could try to "buy" Betfair accounts but at the same time that comes with a huge risk that I wouldn't be willing to take, given that it's a direct opposition of the Terms and Conditions. |
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It's really a shame that Reddick is retiring.
However, hopefully he will be able to invest some of that newfound time into his podcast which is definitely blowing up right now.
He would also fit into a coaching role pretty much anywhere and everywhere as a shooting consultant. He miss be missed.
Simmons definitely won't be missed from Philly - the fans just want him gone asap at this time. 76ers will probably delay for as long as possible to get a good deal though.
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Site looks great and I just saw your launch party promo.
Seems like that we've got some progress as we speak right now with the Demo Crash events.
I would strongly suggest that you launch in phases and not all at once. If you do the latter the results may be disappointing - you need time for people to refer other players by themselves and try out your site.
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Well, what else do you expect from the person who is literally responsible for overseeing regulations?
They want to get as many people under their wing as possible when it comes to regulations. That's just their impetus.
I don't agree that we need more regulation, but better community awareness about how to conduct best practices on exchanges (don't leave your coins on exchanges, etc.). We have had many non-regulated entities pull through far better than regulated exchanges.
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The majority of South Korea’s cryptocurrency exchanges will likely shut down by next Friday, as operators race to meet stringent new rules from the country’s financial watchdog. By Sept. 24, all exchanges operating in South Korea must obtain licenses from financial and Internet regulators. As of Monday, only 28 exchanges—out of the 63 operating in-country—had received certification from the Korea Internet and Security Agency (KISA), the first step to obtaining final approval from the Financial Services Commission (FSC). The remaining 35 exchanges are unlikely to be able to comply given the looming deadline, says the FSC. The crypto industry worldwide has for many years “lobbied to have clear regulatory frameworks,” says Henri Arslanian, partner and crypto leader at consultancy PwC based in Hong Kong. Many crypto leaders welcome straightforward rules because “operating in gray areas makes running the business challenging, from fundraising to opening bank accounts,” Arslanian notes. “It’s not in the best interest of the public, either.” Still, the rapid-fire closure of over half of South Korea’s crypto exchanges could pave an easy path for crypto monopolies to emerge, which some say could harm ordinary investors. read more https://fortune.com/2021/09/17/south-korea-crypto-exchange-shut-down-bitcoin-regulation/Christ. This is just another instance of why centralized exchanges will struggle to survive in the upcoming years. Expect a ton of regulatory crackdowns pretty much from anywhere in the world. You are not going to see authorities be lenient on cryptos, especially after seeing the current bull run and how much they can collect in tax revenue. Fortunately, this won't affect the adoption of BTC on a grassroots level by any means. |
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~~
Wow! and another one adding to your lucky day! really impressive and most of us who read your post are amazed and hopeful to have that same luck or better to say knowledge In timingly press the button to start rolling. Hahaha but kidding aside, that's really awesome to complete the day. On the other hand, today I have reached Queen level and Duelbits give me a nice reward that ready to claim. Yeah, that level is quite difficult to reach for small bettors like me, but they give something decent as a reward I got a Level up bonus of around $900  That is very, very generous. Is this reward fixed for every single person or is it variable (randomly generated)? I don't know of any other casino that would offer this sort of bonus as a reward for loyalty to this platform. Congratulations on your status upgrade and hope you are able to unlock the rest of them too! |
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However, you shouldn't go in reading these things with the expectation that you are actually going to make money off card counting/advantage play in general.
That should be. Books are just for guides but the actual gameplay will still be based on our own moves and actions. Not really. I think that books can teach you how to act, and you can carry it out, but at the end of the day it can still be an unprofitable venture given the fact that card counting generally takes years of practice to perfect and takes a lot of time to go to all these physical casinos. Plus, you'd be paying thousands in books/courses if you were serious about it. |
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This is truly a sign of an overheated bond market.
Coinbase is one hack away from losing half of their balance sheet, and it has happened before. If DeFi ever becomes big they will also be eliminated - they aren't even the first mover in this space.
If there is a way of shorting these bonds, I certainly would.
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How does the $50 bonus work?
Do you just get it and you're able to withdraw it straight away? Or is there some sort of wagering requirement before you are able to do so?
And as others said, the site design is definitely not the greatest and it's in fact not even loading properly for me. You should fix all of this before you market your product to the masses.
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Highly recommend Beat the Dealer by Edward O. Thorp.
However, you shouldn't go in reading these things with the expectation that you are actually going to make money off card counting/advantage play in general.
There is more and more scrutiny around APs and they are getting backed off quite a bit, especially when the profit margins of physical casinos are dwindling. Do it for fun, not for a living.
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I genuinely think that chances are we're going to see an adjustment before any further pumps.
We're in a period of consolidation where we are seeing institutions being a bit more hesitant entering at such high levels.
As a result, we are going to see $40k-50k BTC for quite a while without much movement either downward or upward - there is strong resistance at $50k but still consistent buying pressure from retail investors.
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