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6141  Economy / Gambling discussion / Re: What makes a good bettor? on: August 13, 2020, 10:23:34 PM
A bettor needs to have a certain level of knowledge and understanding on a sport/game that he wishes to place his money on. You do not blindly bet on something because you're feeling lucky, and it's not most of the time that luck favors your side so you need to have some prior knowledge to the teams/athlete/player participating in a game before putting your money on their performance. A cautious bettor is a good bettor for me since they know when to stop, how to research and when to push for more bets to get the maximum profit possible. It's not enough that you have the game knowledge on your arsenal, you also need to have self-control to stop and not pushing your luck to its absolute limits, too.
6142  Bitcoin / Bitcoin Discussion / Re: Interesting CoinDesk about "Dirty" Gold and "Dirty" Bitcoin on: August 13, 2020, 09:36:35 PM
Dirty BTC is worthless?
We don't even know which BTC is Dirty and what would the owners of those BTC feel if you would tell them that it is worthless?
How about if they are new in crypto and bought it on exchange would it still be consider as worthless ?

Not that it's worthless, but it somehow links you to a possible scam/illegal scheme involving those bitcoins that you received. This puts the receiver of that coin into some kind of 'watchlist' that law enforcement updates every so often for potential criminals. It is not an ideal list to be in, trust me, and it might even go so far as to involving you in crimes you didn't commit.

Also, it's easier to trace which coins are dirty and which coins are clean. There are taint analysis tools dedicated for that kind of thing, though I believe it isn't as comprehensive as what law enforcement people use but you will, at least, get the idea on where the coins came from.

BTC would never be worthless even if it is dirty or not we couldn't filter and just burn those BTC that has been used in illegal activity,
The dirty BTC would circulate normally if they would sell it out however they want or spend it out on crypto space.

Law enforcement usually "un-tag" dirty coins once the case involving those were cleared, or if the seized coins are put into auction for sale. Those essentially burn the dirty status of the coins and can be received once more with confidence.
6143  Economy / Trading Discussion / Re: Trader made 89% profit in minutes. Have anyone experienced it..? on: August 13, 2020, 08:59:41 PM
This guy saw a window wherein he can exploit that huge of a gap and carefully executed the plan. It's not really common for someone to do that profit in mere minutes, but the matter on how the trader did it is pretty much been done by most of us here. Essentially, this is arbitrage trading, though involving different platforms that allow these seamless swaps in mere minutes, cutting the transfer time between two platforms by a huge number and making sure that the gap isn't closing in.

Personally I find what the trader did kinda risky, though ultimately it worked out for him. Imagine if he didn't execute his plan immediately and lose some minutes, he could lose his money in an instant.
6144  Local / Pamilihan / Re: Heads up! Coins.ph 'Allegedly' Locking Accounts/Wallets on: August 13, 2020, 07:51:41 PM
They usually lock accounts na nagbreak sa ToS nila. Madalas sa mga natatamaan nito yung mga nakikipagtransact sa gambling sites using their coins.ph account. Kahit na gaano pa katanda ang transaction, if they found out na ginamit mo once ang coins.ph account mo sa ganitong mga services, they will send you an email asking for your time regarding an "interview" concerning that certain transaction. Usually it doesn't take too long para matapos yung interview kung alam mo yung mga transaction na ginawa mo. At isa pa, madalas din silang magtanong ng proof of funds mo kapag malakihan ang ginagalaw mo sa account mo. Kapag wala kang ipinakita, they will ask you to withdraw your funds since they will subject your account for review 'daw.'
6145  Economy / Economics / Re: Will African countries be developed? on: August 13, 2020, 07:34:18 PM
I personally think that if the elected public officials in African nations are less corrupt, or not really corrupt, there will be some sort of progress within those regions. While the country is not necessarily rich in oil and other stuff that rich countries have, with its somewhat extensive natural resources--most of which are virgin--they can easily convert those into a working product and develop things from there. Not necessarily modernizing Africa as a whole, but at least lessen or eliminate hunger on that region and giving jobs to people who need it the most. Develop doesn't always mean modernize, so they can keep the landscape as it is but having more jobs, more tech for their medicine and food production, and improving their overall quality of life while keeping true to nature.
6146  Bitcoin / Bitcoin Discussion / Re: Should we promote acceptance of "zero-conf transactions"? on: August 13, 2020, 04:35:53 PM
I don't think it is a welcome solution to a temporary problem that is only happening when there are massive spikes in the mempool. Several initiatives have already been put into place to address this issue that we are facing every time a massive price rise is happening. Though not everyone is into it, or like the ideas that were proposed, still one can't deny the fact that those remain useful if utilized and developed the right way, such as the lightning network. Zero-conf transactions being accepted puts us at a greater risk of countless double spends and merchants not receiving payments, instead of fixing the 'problem.' The intention is good, though, just that the solution proposed is not really effective and will do more harm than good.
6147  Economy / Service Announcements / Re: Win any BlackJack Hand | Strategy Calculator on: August 12, 2020, 07:52:03 PM
I don't see how anyone can turn this one into profits and wins honestly. This is just the written code/script for an already known blackjack strategy that doesn't work no matter how many times it is put into practice. One can never simply win against the house no matter how good their strategy is. In the long run, the house still wins against any player with any strategy on their arsenal. No matter how good of a hand a player has, if luck and RNG isn't in their favor, profits will not come and this is just another code put to something not worthwhile.
6148  Economy / Economics / Re: the billion dollars question on: August 11, 2020, 07:25:09 PM
I would say that it is stagnating due to economic conditions all over the world but it probably isn't dead. We might be heading our way towards a new recession but after all these are said and done, we'd be seeing the IT industry climbing back up to its glory again. I also have lots of friends who lost their jobs from the IT industry, and are now trying to make ends meet with their skill and their experience. Even a senior developer on their company is struggling to find a decent job nowadays since most companies who held on to their workforce aren't accepting new people even though their criteria fits the bill. Not only the IT industry is suffering but also other sectors out there, too. Jobs are hard to come by even if you are a skilled worker with years upon years of experience under your name.
6149  Economy / Service Discussion / Re: Is it possible that somehow I will get criminals BTC with mixing? on: August 11, 2020, 06:28:59 PM
There is a possibility, yes. You're only trying to break the trail of your coins in the first place and you're not really always handed out a clean, fresh set of coins every time you mix. They just swap and tumble whatever coins they have on their wallets and replace it with yours, essentially breaking the trail of your old coins with new/used ones that aren't connected with your transaction history. There isn't any guarantees that you'll be receiving fresh coins from the mixer, and if that's the route you want to take, you can buy coins directly from miners and those will be clean and free from any taints whatsoever.
6150  Other / Politics & Society / Re: Donald Trump signs executive orders banning TikTok and WeChat on: August 11, 2020, 04:43:29 PM
Personally I don't see anything wrong about Tiktok getting banned on the US since most US and Western apps are banned in China. You can't properly run Google straight-up on a Chinese phone and you have to do some tweaking before Gapps run smoothly without a hitch. Also, it's not new that apps like this is used for spying and gathering sensitive information on other countries. I would not like to sound like these things are coming straight out of a fictional action film but it's the reality. Heck, there are some small applications that has nothing to do with altering and managing phone calls and messages but you need to allow the app to access those in order for it to work as intended.

As for the ban, I'm not entirely sure whether Microsoft acquiring it is a good idea, or whether they will push through with this or not since one of the markets they're aiming for already expressed its plans to ban the app. As always, this has been the never-ending subtle attacks between two economic superpowers besting each other on even the littlest of things.
6151  Bitcoin / Bitcoin Discussion / Re: Hal Finney's role in early bitcoin development? on: August 11, 2020, 02:12:18 PM
Hal Finney was like the earliest beta tester with a keen liking on cryptography and a legitimate cypherpunk. It's natural for him to be attracted to bitcoin since it aligns with his ideals and what he likes most. Having said that, he conveyed most of the feedback Satoshi needed in order to polish the code further, and soon a following of very early adopters including developers that got to work in the code started to occur. Perhaps one can say that Hal is like the earliest public figure of bitcoin, with talks about how this system is going to help the future and what ways could it be use for the greater good--kind of like Andreas Antonopoulos today.
6152  Economy / Economics / Re: BTC Can show economy on: August 08, 2020, 06:29:04 PM
You can say that bitcoin can serve as an economic indicator at times. There are a lot of facets in the economy that bitcoin can't check, although some movements on some assets can be related to bitcoin quite easily. But the recent surge in price from $9k to high $11k is unexpected since the whole world is still struggling to get the economy stable since people can't still go out and a lot are still losing jobs on the daily. In times like this, you would expect that each and every asset would fail, but bitcoin tells us otherwise.
6153  Economy / Gambling / Re: Casinos Withdrawal Fees Rise | August 2020 🔥 on: August 08, 2020, 02:53:20 PM
That's why it's hard to play on casinos these days due to the sudden spike in fees that they have implemented. Casinos that implement withdrawals with custom withdrawal fees are very rare and are much needed IMO especially if the players who want to cash out don't mind waiting for a few hours to get their coins in their wallets. I'm one of those who doesn't really give much thought on how long do I receive a transaction as long as I see it already on block explorers since I don't really use bitcoin/crypto much for spending, only just for gambling and ordering random stuff that I like. If they'd implement this, I'm sure this would be appreciated by a lot of gamblers since it might save them even more satoshis which they can use to further play on the platform.
6154  Other / Archival / Re: . on: August 08, 2020, 02:08:57 PM
Interesting thought, though I don't know whether that will be the route that we'll be taking should CBDCs replace our current monetary system. They would have to integrate yet another system for checks and audits and easier tracking of who spends what on which. That's yet another resources used for automation, but a big step that can help regulators and taxpayers alike.

Then again, you have the ultra-rich people evading taxes here and there with their own schemes to hide what they really gained and owned. With automation such as what you're thinking of, it will be a lot easier for them to evade taxes and pile up their riches while the rest of us pay taxes on their behalf, which sucks.
6155  Economy / Gambling discussion / Re: You have to prove that you can take the loss on: August 08, 2020, 01:07:17 PM
If the results are good in the UK you can bet they will implement it elsewhere. It's not that bad, especially when considering that if the gambler loses a lot the government will have to give them social benefits.

Perhaps on countries where social benefits are really good for those with low wages and no work, they might see/feel the need to implement a similar regulation so as to reduce the number of people falling into the debt oblivion. But for real, the general population that gambles contribute to the economy by just losing there alone, and even online gambling opens up jobs for other people especially in these times when one cannot simply visit a gambling house. Why the need for such strict regulations and not something that could help the scene grow?
6156  Economy / Economics / Re: 2020-2021 best year if You Want to become rich no skills needed on: August 08, 2020, 12:41:42 PM
Loans are great idea if use them to get rich then You Can decide if u Even Want to pay Back loans.
You Can take some loans and Move to Other Country


Nope, this is straight up gambling and risky. Taking out a loan without a definite game plan is like taking yourself closer to jail time if you don't have the means to pay for it. Going to another country is also definitely not a good idea, but it can work if you want to leave your liabilities behind but I highly suggest against that. You will leave behind a bad record and you will be on close watchlist for this possible crime. Loans are great for those with a level-head and clear sense of what they're going to do with it, but just to take it out and commit a criminal crime? That's just too low.
6157  Bitcoin / Bitcoin Discussion / Re: Do scams harm Bitcoin's reputation in the mainstream world? on: August 07, 2020, 11:17:43 PM
It does, but the effects aren’t really grave since most people’s attention isn’t really fixated on bitcoin and crypto developments. They still tend to forget that some things happen on bitcoin when it’s hitting the charts and markets, showing some great returns to its investors. While the mainstream media still depicts bitcoin on a bad light on some instances, people now tend to search for more information rather than believing what mass media is to say about the crypto. This also made the general population ‘smarter’ when it comes to crypto-related matters since there are subtle warnings plastered almost everywhere regarding crypto scams. I guess, in a way, those depictions helped bitcoin by serving as an initial warning to everyone on the possibilities that might happen when dealing with bitcoin.
6158  Economy / Gambling discussion / Re: Regulations in online Gambling sites on: August 07, 2020, 10:14:16 PM
It seems as if this regulation is pushing gamblers towards traditional casinos and gambling houses. First off, the soft cap limit mentioned is too low for someone to enjoy FOR A MONTH. That isn’t socially-acceptable, that’s kinda restricting people to spend on things they earned. Second, why do people need to verify/confirm that they are financially-capable of spending money to gamble? This isn’t some sort of investment scheme where a ‘show money’ should be imposed. Just let people deposit money and lose it on whatever things they enjoy. This isn’t regulation at all—this is outright controlling people’s financial decision masked by a fake concern.
6159  Economy / Gambling discussion / Re: Is it worth paying to advertise your ref link? on: August 07, 2020, 09:25:11 PM
If paying to advertise it on a high-activity website/platform which comprise of members with similar interest, then it's really worth a shot. You will get people registering under you if your pitch is good and not really trying so hard to get referrals. A more natural approach, I'd say, while still conveying what people needs to know about the site that you're making them register to is good. It might not be huge money up for grabs but it's money to be made still if you have the right idea, right platform, and right audience.
6160  Bitcoin / Bitcoin Discussion / Re: Will the need to increase BTC's max supply arise in the future? on: August 07, 2020, 08:55:00 PM
Or introduce an even smaller denomination allowed to be used and recognized in between wallets? That might not be the best solution to address this non-problem but it gets the job done all the same, though entirely dependent on the value of bitcoin by then of course. Manipulating the supply cap of bitcoin would only make things complicated, as that will show that bitcoin can also be controlled by someone which will then make the community lose their trust in it and eventually abandon bitcoin. Maybe I'm exaggerating things, but that could really happen if decisions like this would be followed hastily without much thought.
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