The you think defi a a threat to the future of centralized finance? What's your opinion? DeFi is not like cryptocurrencies Fiat and cryptocurrencies cannot live (well) together, and in this manner, it is possible to say that cryptocurrencies are threatening fiat (even if purely hypothetically). But financial services are just services rendered by one or another company. If they are now providing them in a decentralized fashion, the same services, can we then claim that there is some kind of threat involved? Personally, I don't think so. It is not correct to speak in terms of threat or danger here. It is the same stuff but done in a different way, yet another different way as there can be many, actually dozens
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If currencies (especially the US dollar) are highly devalued, it wouldn't have anything to do with Bitcoin and that means Bitcoin will be worth more in dollars, and those who bought at the early stage before that happens will benefit more from it In fact, that remains to be seen If the dollar depreciates and Bitcoin appreciates proportionately, there will be no real gain. Yes, Bitcoin will be worth more in dollars, but will it be worth more in real terms? To actually benefit from holding your funds in Bitcoin, it should rise faster than the rate at which the dollar loses value. Only in that case you can say that it is worth the effort compared to other investment assets which are going to outperform inflation (stocks, whatever)
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The USA has great power in this case because USD is considered as a major, global currency and is the most accepted one And you have just explained how it can make a country more powerful without even making its economy any better. In other words, if the digital yuan turns our more convenient than the non-digital dollar, this alone will make China more powerful on the international level. It won't necessarily make the yuan stronger than the dollar on its own, but it will certainly make the dollar weaker. And from the Chinese point of view, that may be a great deal already, a big step forward As the saying goes, well begun is half done
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China has been testing the Digital Yuan and soon the Digital Yuan (DCEP) will be implemented soon. Will this move make China even more independent and more powerful? And what are the consequences for the world trade The short answer is, it depends If this currency is used only within China, it is not going to change anything. Well, if it turns out more efficient, it may help China a little, of course, but I don't think that much. On the other hand, they are developing not only the digital variety of yuan but also a kind of regional currency. This is a different matter, and since many Asian countries such as Japan and Korea have already expressed their favorable attitude toward such a currency, it may be a game-changer for this corner of the world (read, the dollar domination may be undermined)
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But, i saw on wolf.bet, minimum bet for flash bet is quite high so it can make us busted ASAP when we have many red streaks losses Yes, you are right I checked doges, and for me the basebet is 0.38 doges for flashbet. It basically proves that martingale is a statistically winning strategy on a finite timeframe that could be used to drain casino dry if a lot of people started to use it wisely provided certain conditions are met (like very small basebet amount). With that minimum bet, martingale becomes less than useless. Flashbet enables such use, so it is rendered innocuous by a high minimum bet amount. Actually, I wrote about that too, many times in fact, that no casino would allow to profitably use this strategy en masse
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I really like the style and design and colors of your site, wolf.bet
The only small problem is that there are not many games that are available. At this moment, I only see 3 games, is that correct or do I miss something?
Dice, limbo and hilo. Wolf.bet is a dedicated dice site and that's why you don't see that much games in it I don't think this is the case with Wolf.bet And if I remember correctly, there's a discussion somewhere in the bowels of this thread on the matter, with some feedback from the casino. In short, they are not a dedicated dice site as they simply lack enough resources to build more complex games and keep up the high standards they seem to follow. In other words, they go for quality over quantity, and this is a good thing if you ask me. Were they the first ever to come up with flashbets and how many other casinos have implemented this feature by now?
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I don't believe that card counting would work in such a game. Never tried this while gambling alone, will try to do it but I guess that after seeing some comments here, I shouldn't really try it as it may get me banned. ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) I'm not a blackjack player, and I don't know card counting but it takes a lot of concentration to do this, I don't know is this possible because the card is shuffle so fast and it takes a big amount of concentration and if you can follow how the card is shuffle, obviously they will caught you by just looking at your reaction and your eyes. ^ Card counting has been discussed in the forum multiple times and it is a traditional technique, but most often blackjack players could not resist doing it for it is one of the best strategies to win and recover losses I was a starter of one such thread not so long ago Here it is, for the inquiring minds. As the poll results there have shown, in order to be a decent Blackjack player, you must count cards (apart from it being a legitimate skill). Given this and with respect to the land casino environment and circumstances, it all eventually comes down to how good you are at both card counting and hiding your mindwork from the casino ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FcpjMzhD.jpg&t=665&c=w86wSoXI3Ivw6Q) Put differently, now you should master two skills instead of one
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Why then will you choice gold over bitcoin? Sounds so unreasonable especially as you must have been enlightening on the advantage of bitcoin over gold. The digitalize of bitcoin, it's finite supply and decentralized nature, just to mention a few is enough reason to consider it a more favorable investment option There are many reasons why people may prefer gold over Bitcoin Bitcoin largely remains a speculative asset while gold is a genuine store of value, although some consider Bitcoin a store of value too. Physical gold is better as a store of value partly because it doesn't rely on anything other than physical laws which are unlikely to change in the foreseeable future and turn your precious gold into useless lead. Bitcoin, along with its cryptocurrency brethren, on the other hand, is much more vulnerable in this regard, and anyone who is seriously going to challenge that point should first check their sanity and intelligence scores
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If more people are still not going to wear a mask and go out to the public without social distancing, the crisis will really take more than years, I watch a prediction was that it will extend up to 2024 before we can contain it all On the other hand, it will give a boost to healthcare Sooner or later, people will find a way to live with this virus even if it won't be possible to eliminate it completely (which seems to be the case). Somehow, we now live with HIV, and given that the amount of damage that the coronovirus causes doesn't take years to pile up, it is rather sooner than later (we simply don't have choice). Personally, I tend to think that 2021 won't be a lot better in terms of economic development because the effects are long-term
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Seen about the news today that another crazy virus that’s worst than Coronavirus was discovered again in Wuhan, I am just hoping that is not true. Covid19 already caused a lot of madness this year and that’s enough.
Everyone in my country was saying that 2019 was the worst year then, we never knew that 2020 was going to be more than just a crazy year until it arrived. Now a lot of people are praying for this year to pass lol, we are hoping for a better year in 2021 Yeah, they say that hindsight is 2020 but who saw this coming?! Other than that, a great deal of things require time to develop. And what adds insult to injury here is the fact that some changes go completely unnoticed all the way down the road, and then, boom, here comes a quantum shift and you find yourself in an entirely new, sometimes alien world
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My interest in a debit card is to allow me to incrementally CA$H-OUT of Bitcoin during price spikes. In 2017 I was able to do this by buying gold, but there is still not a convenient way to cash-out for, well, cash.
You are on the right track Though not still there. You should sell not just the amount you need for your everyday expenses, but a somewhat bigger portion of your stash so as to be able to buy back at pullbacks. When you eventually get the hang of it, you could live entirely off the volatility in the cryptocurrency of your choice (and while we are at it, Litecoin seems to be the best choice). Now add strong fiat inflation to the mix, and you will see how you can use it as a leverage or multiplier
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fimagizer.imageshack.com%2Fimg923%2F5063%2FktiY28.jpg&t=665&c=C6vDc1HRa30vDA) My desire to stay well informed is at odds with my desire to stay sane
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The most obvious cons of this method are more centralization and less security. You'll have all your coins on a centralized account used for trading/holding/spending. There were many card hacks where people were able to withdraw from your card by walking next to you or fitting scanners in ATMs. If they steal fiat money a bank can trace it but with BTC card users will be in greater danger I think the dangers and fears of using a cryptocurrency payment card are greatly exaggerated I don't know for certain (as I don't have such a card yet), but it is safe to assume that you will be able to set limits on how much you can spend daily. So even if the hackers scan your card, they won't be able to steal all your coins from the exchange. Moreover, the card account is a separate account on Binance, while you can move your coins freely between your accounts. So just top up your card account at a bare minimum and you are good to go It won't weaken fiat money. Binance is just a single company and even with paypal the number of users of those BTC payments will be small. How much of the market will they able to take from fiat? 0.01% globally? It would be great if it was even this much You are looking at it from the wrong angle. It is not about crypto weakening fiat. Rather, it is about fiat strengthening crypto through the failure of its own, the process which we now have a chance to witness
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The trick about bitcoin and why it is having such a big problem is the simple reason that even the "users" of bitcoin do not want to sell it for anything under what they bought from, they should be users and use it but they instead become holders which means they want more fiat Bitcoin is not the only pebble on the beach, not the only fish in the sea. I emphasize that point in the article 2) I am waiting on a BitPay Debit Card. This would allow you to fund it with BTC, they credit you with cash, then you can use it like any other MasterCard, even to take out cash from ATMs. This is a big step. This allows an easy way to "cash-out" of Bitcoin should you choose As above, it's not so much about Bitcoin as other coins. And while Bitcoin can be considered an island of stability in the volatility-torn world of crypto (to a degree), you don't really waste your store of value on everyday needs. It means that the vast majority of people will be spending anything crypto-related but Bitcoin. And that makes such payment cards, the ones which can be linked to a bunch of cryptocurrencies apart from Bitcoin, even more interesting as with them you can build sophisticated strategies to turn the tables in your favor and take advantage of fiat currency inflation I would call that the inflation tax in reverse. Kind of financial aikido
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There is of course no way to even guess at how many bitcoin you would need during hyperinflation to live comfortably The truth is, you don't even need a single bitcoin of your own If you can successfully pit Bitcoin's volatility (or volatility of any other cryptocurrency, for that matter) against fiat currency depreciation, you can borrow bitcoins with depreciating dollars and then turn the inflation tax to your advantage. As long as an asset's volatility exceeds the inflation rate, you can live off it, essentially making inflation an asset in its own right, not a liability as it always wants to be
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Not many may be aware that proxies, vpns and tor nodes are often run by businesses with connections to intelligence agencies like the FBI, NSA, CIA. Its an industry standard for virtually anything IT related. This is true.However,the darkweb still exists... I wonder why FBI,NSA,CIA didn't simply destroy the darkweb,since they control most of the Tor Nodes,proxies and they can request personal data from the VPN providers?Maybe spying the darkweb is better than destroying it? Indeed it is better that way If they destroyed the Darkweb in its entirety (let's assume they can, which is not set in stone), something more resilient and resistant would inevitably pop up in its place instead (like Monero instead of Bitcoin). There's some point of maximum effect, and it certainly lies somewhere between full control, when no criminals are any longer using this network, and complete elimination, when they start to use something else, with the outcome being essentially the same. Simply put, it is a matter of proper balance and choosing the lesser of two evils
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Справедливости ради нужно сказать, что биток сейчас соит на очень неопределённом перепутье. В принципе, мы можем и к 15 тыщам сходить и провалиться к 7. Но 21 пока действительно маловероятно.
Да, сейчас по битку созданы все условия для резкого и сильного движения в какую-то сторону. Тот, кто сейчас сделает верную ставку на красное/зеленое, может неплохо выиграть. Но к ТС это точно не относится ) Лол Пока что всё идёт к тому, что сразу после выборов всем будет уж точно не до новых стимулирующих пакетов И какой из этого вывод? Правильно, нужно ожидать мощную коррекцию перед самыми выборами. Какой там фонд держит полмиллиона битков? Вот ему будет кайфово зашортить биток "на все" (ну или на часть всего), а потом обвалить ценник на два-три килобакса (по самому минимуму), а потом откупиться на лоях, и, таким образом, еще больше нарастить свою долю на рынке (читай, монополию на манипуляцию этим рынком). Практически двойной профит
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Yeah correction doesn't seem to be a thing for now, people assume that just because whenever bitcoin price goes up a lot the correction will happen each time after that, but the reality is we didn't went up that much this time so it doesn't require a correction at all, that is at least what I believe, we went up like 10% and even not that much for now We rose way beyond 30% The current rally started from around $9.5k and now we are at $13.2k, which produces a rise of about 40%. In general, it is not about whether a correction is going to happen but rather at what price levels and how deep it will be. We may still have some momentum to climb higher, but it just brings its onset closer and likely making it stronger at the same time Obviously it will fall one day, but maybe it will go up to $20k once again until it starts to go down? We do not know when it will happen Right, every bull run eventually ends with a bull trap, but some folks always forget this immutable truth and harsh reality of trading, and crypto trading in particular
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The difference between being a smart loser and a sour loser is the tiny detail that one of them realizes them losing is normal and that is how casinos work and the other tries to find a blame to put the blame of them not having any money left on the casino itself Personally, I don't think there are many "sour losers" in the casino context Even if we feel frustrated at our losses and greatly disappointed with our success rate (or lack thereof), sometimes even become angry all the way down to openly aggressive and belligerent, most of us rarely blame the casino (it's childish) unless there are good reasons to believe that the odds have been rigged (but that's a different story). More often than not, we don't blame the casino, but tend to blame our ill luck. I think in terms of feelings it is still six of one and half a dozen of the other, though the object of our hatred is different indeed
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So, it's the Binance card going to be working the same; users will buy Bitcoin and when they want to use the card for shopping or withdrawal on ATMs, they will first of all convert to USD and load the card? If that's it, then it's just going to be making things easy for traders. There isn't much difference, BitPay has been around for a long time, and that's the same with Coinbase and some other ones that are offering MasterCard and Visa to users The Binance card is a debit card It is linked to your exchange account, more specifically, a card account, where you can move funds from your other accounts on the exchange. In that fashion, you don't need to manually convert your coins to fiat before using the card (as far as I got it). The conversion is processed automatically when you use the card (buying something or cashing out), though I don't know at which rates. But they should be close to market anyway because Binance is the largest exchange out there and can easily operate as a crypto-to-fiat gateway. It seems to me that you will be able to convert your cryptos yourself as well and use fiat as the card reserve
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