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7161  Alternate cryptocurrencies / Altcoin Discussion / Re: The right time for investment? on: May 04, 2019, 02:17:07 PM
If your expectations are realistic, the I'd say go for it!!! Don't expect 10x or 100x returns, as crypto is already having a $200 billion market cap. So it is different from the situation that we had in 2013, when the entire market cap was less than $200 million. Just make up your plans, and set a realistic target for the next 3 to 5 years.
7162  Alternate cryptocurrencies / Altcoin Discussion / Re: VEIL : PRIVACY AT ITS BEST? on: May 04, 2019, 02:06:32 PM
Veil is the latest addition to the long list of coins that claim to be 100% anonymous. But the question is what makes Veil superior to already established coins such as Monero and Zcash. We already have several such projects which seems to be dormant (like Deep Onion). Why do you think that Veil will not end up like those projects?
7163  Other / Politics & Society / Russia loses billions of USD to crude oil sabotage on: May 04, 2019, 01:42:44 PM
https://www.bloomberg.com/news/articles/2019-05-01/the-logistical-nightmare-of-cleaning-up-russia-s-tainted-oil

One of the threads of the Russian oil pipeline to the EU has been shut down, after organic chlorides were found in the supplies. More than 30 million barrels of crude was contaminated (worth around $2.2 billion) and by the time the issue was noticed sections of pipeline and refinery equipment underwent significant damage. In legal terms, Russia needs to bear the bill for crude replacement and equipment repair.

It is still not clear who was behind this sabotage, but the authorities are claiming that the incident occurred at the Samara Transneft Terminal, where several smaller companies inject their crude to the pipeline system. The investigation still has no idea which one of these producers injected the contaminated crude.

Initial estimate for the loss to the Russian exchequer is anywhere from $6 billion to $15 billion.

7164  Bitcoin / Bitcoin Discussion / Re: Bitcoin Trader Brutally Tortured on: May 04, 2019, 01:00:18 PM
In my country, BTC deals are under investigation and traders may go to jail for this

Hmm... that is a very difficult situation. In countries such as Nepal and Bangladesh, Bitcoin is banned altogether. Anyone caught trading in Bitcoin will be charged with money laundering and sent to jail (Bangladesh arrested a few traders only last week). Under such circumstances, what are the options that a trader is having in case he is abducted and tortured by criminals?

Bitcoin trading is done online and on exchanges like binance, bittrex etc where the countries like Nepal , Bangladesh has no control. Is it possible for the citizens of those countries to use good VPN and continue trading anonymously ?

Do such exchanges accept users from Nepal / Bangladesh? Also, even in case they are able to register, how can they make the deposits / withdrawals in fiat? These exchanges also need the KYC data, right? How can we be certain that the ID documents that we upload will not end up with the government authorities in Nepal / Bangladesh?
7165  Bitcoin / Bitcoin Discussion / Re: Indian Govt thinks Bitcoin is a ponzi scheme on: May 04, 2019, 12:55:59 PM
During 2017-18, the Indian Income Tax department sent notices to hundreds of thousands of individuals, who were suspected of dealing in crypto-currency. Here in India, the bureaucracy and red tape is so prevalent, that the recipients had to spend a good amount of money out of their pocket to hire CAs and send the reply. Almost every crypto exchange based in India was forced to shut down the operations.
7166  Bitcoin / Bitcoin Discussion / Re: The used of Bitcoin in Africa on: May 04, 2019, 12:51:03 PM
This is really a good signal for the crypto market when Bitcoin is expanded and used in African countries. This predicts that Bitcoin is developing without borders. The fact that African countries are government Encourage using crypto to reduce the inflation rate such as Zimbabwe. I find this view very smart and wise.

Who told you that the Zimbabwean government is trying to encourage the usage of crypto? This is retarded logic. None of the governments around the world are "encouraging" the usage of crypto. If there is any encouragement, it is coming from the crypto-communities and not from the government. Anyway, crypto-usage levels remain quite low in Africa.
7167  Bitcoin / Bitcoin Discussion / Re: Should bitcoin be limited to 21 million? on: May 04, 2019, 12:47:37 PM
I am not in favor of increasing the overall supply, as it may cause a crash in the exchange rates. Also, the existing holders may end up with losses. However, I am in favor of re-denominating Bitcoin. A possible formula is 1 old Bitcoin = 1,000 new Bitcoin. There is a lot of complaint from some noobs that Bitcoin is very "expensive". After the re-denomination, the exchange rate will be around $6 per coin.
7168  Economy / Gambling discussion / Re: [Now FREE to JOIN] IPL 2019 Prediction Pool and discussion on: May 04, 2019, 12:40:45 PM
2 important matches today.

DC vs RR: I bet on DC and I am expecting them to recover their form through this match after their horrible performance against CSK recently and RR will get knocked out.
SRH vs RCB : I bet on SRH and am expecting them to win since they are actually performing well without Warner or Bairstow and MI just beat them in the super over.
As expected, it looks like DC will easily win this one unless their batting order collapses which I don't think will happen this time around. They recovered their confidence after an excellent bowling effort and Parag was the only one who gave them trouble.

What happened to RR as they collapsed today to 115/9 and could not even scored run a ball. This has given a big chance to DC to win the match easily as they have started well and 15/0 in 2 overs. Should not be much worry for DC to win this match.


Any target of less than 140 in a T20 match, that too on flat subcontinental tracks is a cakewalk. But to RR's credit, at one point it looked like they'd struggle to get to the three figure mark. But Riyan Parag batted sensibly and left something for the bowlers to aim for. Now RR will be left with 11 points with no remaining matches. That means that they are out of reckoning for the playoffs.
7169  Economy / Economics / Re: bitcoin goes down, no new rich people anymore on: May 04, 2019, 11:37:13 AM
Bitcoin made a lot many millionaires in 2013, when the prices went up by 120x, from $10 per coin to around $1,200 per coin. The same was repeated on a smaller scale in 2017, when the prices went up from $900 per coin to $20,000 per coin. If you compare the two bull runs, it can be seen that the percentage rise is getting lower. So I expect the next bull run to be more mild when compared to the previous ones.
7170  Economy / Economics / Re: Can Bitcoin Beat Banks? on: May 04, 2019, 11:33:53 AM
Cryptocurrency will not be able to destroy the banks. Cryptocurrency will be able to bite off a large bite of users who use the services of the bank. Because crypto provides much more freedom.

If cryptocurrency is able to poach off a large number of the bank users, then that can lead to the destruction of the banks. If the banks think wisely, then they can find some middle-path, where both the banks and cryptocurrency can co-exist. For example, they can offer exchange services or cold storage (provided the services are legal within the jurisdiction).
7171  Economy / Gambling discussion / Re: [Now FREE to JOIN] IPL 2019 Prediction Pool and discussion on: May 04, 2019, 11:24:28 AM
RR really struggling at 57-4 after 11 overs and I guess that ends their hopes for a playoff spot. DC may finish at no.2 or no.3 depending on the other results. Hopefully we'll get clarity on the 4th team for playoffs within a few hours, in case SRH is able to beat RCB. If SRH gets 2 points, then no other team can surpass them, thanks to the higher NRR.
7172  Economy / Gambling discussion / Re: 2019 Cricket World Cup - Discussion & Analysis on: May 04, 2019, 11:20:55 AM
Teams such as India are going to struggle during the first 2-3 matches while adjusting with the conditions. I won't be very surprised if there are a few upsets during this phase.
Not expecting any upsets because what you said goes both ways. The current Indian squad are capable of adjusting to foreign conditions pretty quickly and their recent performances in Aus and NZ proves that.

Teams such as West Indies, Bangladesh and Afghanistan will be touring England this week and taking part in triangular ODI tournaments. So obviously they have the advantage when compared to the other teams. I guess two warm-up matches are scheduled for India, but it may not be enough. Playing the IPL in India (where the temperature can be up to 45 degrees) and then coming to England where the night temperature can fall to 10 degrees can be tough.
7173  Economy / Gambling discussion / Re: Cricket match prediction discussions on: May 04, 2019, 11:16:49 AM
Tier is a good thing but they should make it more transparent. Let 12 teams stay in tier one, hold worldcup with them. The lower two teams should relegate to the 2nd tier and the top 2 of the 2nd tier get their chances to the first. Same should be done with test cricket also. There should be no permanent privilege for any teams.
Why shouldn't teams get permanent privileges? They deserve such privileges completely and this applies to every single sport in the world. Some teams are just better than other teams at the end of the day and that will always stay true due to multiple factors like experience etc.

No one deserve permanent privilege. For example, look at Zimbabwe. They are still having the test status, despite performing below par for more than a decade now. IMO, there are far better teams out there, which deserve test status. On top of that because of their test status they receive 10 times more funding from the ICC, when compared to the other teams such as Nepal and Netherlands.
7174  Economy / Economics / Re: Venezuela hit by new nationwide powercut for more than three days on: May 02, 2019, 05:16:15 PM
Things are getting really interesting. Maduro has accused Guaidó of attempting a military coup against him. However, it looks like the coup attempt was suppressed. As of now, it is impossible to say whether Guaidó enjoys any support from the military factions. Initially, there were indications that some of the soldiers were supporting Guaidó.
7175  Economy / Economics / Re: Why most bitcoin users from good economies countries? on: May 02, 2019, 05:04:16 PM
These are the reasons that I could think about:

1. Better computer knowledge and awareness about cryptos
2. Availability of funds to make high-risk invetsment
3. Better clarity on the legal status of crypto
4. Ease of purchasing or selling crypto
5. Availability of exchanges or ATMs
7176  Economy / Gambling discussion / Re: [Now FREE to JOIN] IPL 2019 Prediction Pool and discussion on: May 02, 2019, 04:55:08 PM
First wicket down for SRH, with Saha out for 25. The score is now 40-1 after 4 overs and even now, I'd say that SRH holds an advantage. Manish Pandey is the new batsmen and I think that he is capable of providing good support to Martin Guptill. Since their run rate is quite high, a win may propel SRH to the 3rd position in the points table (just below CSK and DC).

Edit: Guptill got out. SRH now 57-2 after 5.1
7177  Economy / Gambling discussion / Re: 2019 Cricket World Cup - Discussion & Analysis on: May 02, 2019, 04:28:01 PM
~snip~

English players do have a problem with discipline. Ben Stokes was involved in a brutal fist-fight in the city of Bristol, which left at least one individual severely injured. And yesterday, county cricketer Alex Hepburn was jailed for 5 years for sexual assault. These guys need to learn a few lessons from the old generation players, who were known for their gentlemanly behavior.
Ben Stokes once said that was the best lesson he ever had and he regretted for it. People go through times and events. You can not just blame the entire nation for one or two individuals action.

I don't know about Alex Hepburn but if that is true case then he has been treated the same way a normal English would have been treated.

I didn't meant to generalize the English players. And indiscipline is an issue not just with the English team, but with the other teams as well. As JSRAW pointed out, a few months ago Hardik and Rahul got two match suspensions for their motormouths. I have a feeling that at least some of the players are getting arrogant as a result of receiving too much wealth.
7178  Economy / Gambling discussion / Re: [Now FREE to JOIN] IPL 2019 Prediction Pool and discussion on: May 02, 2019, 04:20:06 PM
OK... the first innings is over and SRH needs 163 to win the match. Kumar, Nabi and Rashid Khan all went for less than 7 runs per over. Excellent knock from de Kock for the Indians. For the SRH, Khaleel Ahmed bowled well, but even he went for over 10 runs an over. Basil Thampi had another horrible match, and it looks like he'll be in trouble during the next year's auctions.

My prediction: Win for SRH
7179  Alternate cryptocurrencies / Altcoin Discussion / Re: ICO makes me sick on: May 01, 2019, 03:12:41 PM
That's why IEO has become a trend since there are so many peoples out there r just felt scammed for those who have joined ico.

And what makes you think that the IEOs will be free from the scams? Fraudsters are everywhere and they'll not leave the IEO sector. With ICOs, it is the project promoters who are scamming the investors and bounty hunters. In case of the IEOs, it is going to be a combined effort of the exchange owners and the project promoters.
7180  Bitcoin / Bitcoin Discussion / Re: Bitcoin Trader Brutally Tortured on: May 01, 2019, 03:09:41 PM
In my country, BTC deals are under investigation and traders may go to jail for this

Hmm... that is a very difficult situation. In countries such as Nepal and Bangladesh, Bitcoin is banned altogether. Anyone caught trading in Bitcoin will be charged with money laundering and sent to jail (Bangladesh arrested a few traders only last week). Under such circumstances, what are the options that a trader is having in case he is abducted and tortured by criminals?
it's terrible to hear such an event, and even though it was indeed the guy's fault for violating government policy but I don't think they should be treated harshly unless proven to be misusing Bitcoin for things that endanger many people it is quite comparable.
but if you only have Bitcoin and use it to trade then I think they are just enough to be warned in the right way.

The traders who were arrested in Bangladesh were not involved in any criminal activity. Their only "crime" was that they were trading Bitcoins, which is illegal in that country. Yes.. there were a lot of warnings about this. But was the government right in banning the trade of Bitcoin? It is legal in the vast majority of the world nations.
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