Not a crazy thought when it has already happened with short term interest rates.
Negative interest rates are only novel when it comes to retail interest rates. When it comes to central bank policy rates, many countries, including the EU and Japan, have already seen it happen in the past (or even present).
Especially with COVID, a lot of countries are feeling the need to stimulate the economy with ever lower interest rates. This system is NOT sustainable.
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Excellent list, thank you.
Although, I'd think that anyone who would want to stake tokens on a crypto gambling site would likely be comfortable with/better off with investing in a casino's bankroll. After all, they are essentially the same thing except the format is a little different.
Having a decentralised token doesn't protect you from centralised points of failure per se. BetKing has taught us that.
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Yeah, especially with gas wars and stuff.
If you are not fully prepared and are simply going in blind, there is a good chance that what you are doing constitutes gambling. There is simply no guarantees when it comes to return on capital as these tokens have absolutely no return on capital.
Don't get confused. Recognise gambling as it is - it is super important.
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More likely than not, they're just active participants in the gambling subforum.
Sure, raw poker skill could give you an edge but I don't think that it is a noticeable one at all. Successful sportsbettors generally have a great deal of contextual awareness that you simply can't gain from a knowledge of game theory or whatnot alone.
Classic example of correlation =\= causation here.
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Interesting, definitely not the first person to offer it though.
I'd like to remind you that most people who are serious about starting their own dice/gambling site do so using proprietary software. There are just too many security issues when it comes to outsourced or off-the-shelf products.
Good luck with your endeavours, but some of the promises (no KYC) is really hard to uphold when there is a regulator knocking on your door.
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Is it just me or does this site not load? I've tried on multiple browsers now and in all cases, It has taken >30 seconds to load. It definitely looks really good but I think that some design should be sacrificed for speed in this instance. The ranking seems okay, although there doesn't seem to be any reviews attached to the ratings? A review would definitely be good as it shows your reasoning and not just an arbitrary number. The Moon/BTC index is certainly interesting though. Will be looking at that for sure
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I reckon let it go. If they are not willing to pay out the bonus then they can employ a myriad of ways in order to make sure that your bets are null and void.
In the future, just forget about these airdrops. Most of them aren't even worth your time playing to get the wagering requirements for.
This is why reputation of the casino you play on is so important. T&Cs alone won't cut it since everyone, if they had the intention, can claim that you violated the T&Cs.
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Because they seem to think that the success of bitcoin is purely reliant on institutional adoption.
This is not true at all. I would actually argue the exact opposite - institutional investment may be good at driving up bitcoin price due to the sheer size of their purse, but will never replace grassroots adoption when it comes to actually furthering the cause of bitcoin.
Mainstream adoption won't come as a result of JPMorgan or Goldman deciding to offer wealth management services that pertain to bitcoin. Rather, it will only come as a result of actual people using the network, and using BTC as a store of value.
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If true, and undisclosed, then they would certainly be considered anticompetitive by most countries antitrust laws and could face repercussions that way.
It would make sense for exchanges to do this, although I'm not sure about the linkage between FTX and Binance. Didn't Binance heavily criticise FTX's leveraged tokens a while back, and used that as an excuse to launch their own "variable leverage" tokens?
I may be mistaken and out of the loop with the current developments, but that certainly does not look like a synchronised step to me. I'm fairly sure FTX fired back with a counterargument as well. Either they are really good at hiding their stuff or this has no grounding, but interesting nonetheless.
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Welcome. Site looks decent.
I think that you should disclose the wagering requirements and anyother terms and conditions associated with your offer, within your original post. From a quick glance, it seems like that there is a 35x wagering requirement in order to be able to withdraw the funds, and you need to complete this within 15 days.
Also, I think that it can be a bit misleading to put the maximum bet size of 10DCP last - I've seen countless examples of people who were unable to withdraw bonuses because of these nitty gritty details.
Please add these clarifications.
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Absolutely not. Probably the worst idea that you can have.
Margin trading is notoriously difficult to manage even for the best hedge fund managers. It can make you millions one day and you can lose it the very next. Just search up Bill Hwang and the Archegos Capital saga, you'll quickly realise how easily your positions can tumble.
The fact is that you should never use leverage as a beginner, and even as a professional you shouldn't use leverage more than 5x-10x. And heck, these crypto exchanges are offering up to 100x.
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Regardless of what sort of government regulations get imposed, they are not going to affect the autonomy of any decentralised crypto.
Fact of the matter is that crypto's decentralised nature is really backed up by hard code, and there is no one that can change that. Even if economies that have huge crypto holdings and control most of the hashpower decide to ban bitcoin (e.g., China), they are not going to affect how this is run.
The government has no business, nor ability, to run any decentralised blockchain unless they control all the hashpower (impossible). So that's that.
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There is actually some substance to it, imo.
The fact of the matter is that Coinbase has a notoriously bad customer support system. And instead of fixing that up, they decided to get the founders rich first and conduct an IPO this year.
Although that's not securities fraud, that is definitely some shady behaviour. But I can certainly understand the frustraction towards Coinbase and its administration, especially since its share price tumbled since IPO.
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This is a bunch of bogus.
Sure, it might not go above $41k presently due to the timing of the halving cycles, but it will be a matter of time given that institutional investment has been extremely strong, and market sentiment will pick up stronger than ever during the next halving in 2024.
Heck, we should be looking at a 6 figure bitcoin instead of $41k. Look into the long term instead of having a myopic view.
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Are they delusional?
Removing zeroes does not cure the underlying economic malaise. The best it's going to do is make transacting a bit easier in day to day life, but that's pretty much it.
The same thing happened with Zimbabwe, they revalued their currency multiple times and caused absolutely no change in the fundamentals of their country's economy. Riduculous stuff if you ask me.
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Absolutely ridiculous, but is this even surprising?
The governments around the world have one thing in common, and that is a collective disdain against decentralised cryptocurrencies.
It is definitely encouraging to see people in a community setting actually adopting bitcoin though. The Feds could shut down the initiative or the town, but they can never shut down the bitcoin protocol itself, and that is all that matters.
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And yet people want to buy into the idea of bitcoin trading. For what?
Just buy and hold, people. That mantra is true not just for bitcoin but across a range of asset classes.
Short term gains may be tempting, but it forces you into a narrow lens that is very hard to get out of. Truly believing in bitcoin as a long term store of value and asset class will allow you to get that time in the market that is much more important than timing the market.
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Whatever the reason is, you're much better off just changing everything.
This would include passwords, 2FA details, etc.
I've had situations like this before on other sites, and I have never shared any details. Not uncommon as hackers will try to target you in any way, or perhaps your email/password was leaked in some sort of data breach. Whatever the reason is, secure your account now to avoid future issues.
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I would rather go for one or two long shots. That's how most insane parlays actually work.
Reason being is that usually, the EV on bets that have lower risk are actually lower. If you roll them up and accumulate them over 10 bets, then your chances of profit actually decline much greater than if you just have 1 bet of the same odds as the parlay you would have otherwise formed.
But at the end of the day just see what you enjoy more - is it the thrill of seeing your bet legs getting ticked off, or just waiting for one event?
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Well, I don't know what else one would expect. After all they did comply with KYC - and that was the whole reason why their status of being high risk came about in the first place.
Every crypto company seems to go through these phases. They first thrive because of the fact that they don't have any KYC, get cracked down upon because of it, and then they are essentially forced to adopt KYC/AML standards as all other exchanges and lose their competitive edge.
This is what has happened to Bitmex here. Deribit & Them are definitely not as competitive as previously given all these restrictions.
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