Another take at centralization and a subtle way of trying to extend the reach of their power without people actually knowing what that purpose is. If this is their way of extending their economic power then they're at it: striking while the iron is hot and they're actually successful in doing so. I'll be more interested with the developments of this from China as they tend to be the most fickle-minded country in terms of crypto--whether it's their own creation or any other crypto that they want to regulate in their soil.
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The practicality of this idea is literally none, knowing that there are no definite ways to prove that you are in control of a particular address at some point. For the most part, it could be gamed upon and be taken advantage by people just to make the most out of tax deductions. Anyway though, this would be interesting to keep an eye on, especially on how would the Australian Tax Office monitor those who claimed that their funds are lost and what measures would they take should the involved party turned out to be a fraud.
Heck, 10 years passed since bitcoin's inception and we still can't discern whether an address' funds is completely lost in the void or not.
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I'm on my way to becoming a Pathologist myself, and seeing that there are efforts to at least lessen the issue for counterfeit drugs--which is very widespread and evident within the Philippines btw--this melts my heart in a good way. I, for one, am an advocate of selling counterfeit drugs that came from questionable sources which poor people often clings to because they have no money. By creating such a thing, perhaps we can combat this growing pain in the medical field and put an end to this underground trade which even registered doctors are facilitating, sadly. Anyway though, kudos to these kids for integrating blockchain and showing people that it's not exclusive to FinTech but also has its own various applications on other fields!
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Satoshi's caliber and knowledge in IT, cryptography and all sorts of techy stuff is immense, and we can see that through his own post writings here in this forum and other places in the internet that it's not impossible that he had already thought of quantum computing as one problem bitcoin might face in the future hence he 'future-proofed' the whole protocol by embedding lots of hard to break algorithms and cryptographic keys in it. Though it's still entirely possible that quantum computing would break bitcoin, it would take a long time for it to happen and perhaps by then, we have moved into a more secure algorithm or we may not even exist at all.
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Not really detrimental to bitcoin IMO. Most of the credit card companies and banks don't even allow their users to buy bitcoin and other risky assets using a loan they issued, so I see no different with Apple preventing these sorts of things from happening with their own credit line. Even if you are guaranteed to pay the loan you have just asked, still their money, their terms. One of the reasons why bitcoin rallied so hard in 2017 is because banks and credit card companies still allowed the use of their cards into buying bitcoin and other cryptocurrencies until such time that they realized that it may take some of their products off of the list people are interested at (cash loans because people are making money, etc etc.)
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Thailand is also gearing up for the inevitable changes in the economic landscape. That seems nice and all since it's progression in some form but I do hope that their regulations won't suck and be that strict like what other countries have. I know there are a lot of things to dislike in Thailand due to recent events involving one user in here but then again, if it's a move to at least put them in the map of countries officially doing something for crypto then so be it. Good luck to the Thai people and I hope they don't end up like India banning things they don't fully understand.
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I'd go on Fury UD for this fight, with a slim chance of KO of course. We all know how insane Wilder's punches are if it connects, but for the most part, he just swings around aimlessly and somewhat more of an egoistic person, far from being composed like what Tyson Fury shows in the ring, and that speaks on his performance on the ring. This would be a good fight to watch considering how much trash Wilder already dropped on Fury for right even before the fight starts (reminds me of Pac and Thurman, but we all know this happens in boxing a lot.) Anyway, 2020 is still a far off date to ponder on and I think Fury has something in line for him this coming September, so Wilder would have to take notes.
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Some countries are already proposing e-Sports to be embedded in Asian games and other sports organizations because they already recognize that we're on this age wherein electronic sports is getting big and it's becoming more and more valuable in the entertainment industry. Also, if they are getting more bigger prize pools than traditional sports, it means that there is more at stake, and surely bookies will take advantage of the hype and the phenomenon that they would surely hop into it right away. Usually bookies don't add games into their platforms unless there is a substantial amount of interest already generated onto it.
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Mine is 8 on a 49.8% chance of winning with 0.1% house edge, and this was on PrimeDice way back 2016 when I'm still a degenerate (lol). Seriously it's so hard to win consecutively in dice games knowing how completely random things are and how luck is the only winning factor that you can rely to when playing these games. Heck, even a 98% chance on winning in dice games still somewhat results into losses, and that 2% always presents itself when betting high amounts and IDK why. I never really won anything substantial on dice games but when I win, I already withdraw.
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Some countries are already considering bitcoin to be a mix of a hybrid reserve currency: one part gold/USD and one part bitcoin. It isn't a terrible idea in itself although it would certainly take years upon years of studying whether this will be a sensible way to keep the countries reserves. Volatility, as always, has been the most common concern of people, and it wouldn't paint a pretty picture if a nation's reserves decline horrendously due to a massive crash in bitcoin. Anyway, bitcoin has its merits, and perhaps nations can learn a thing or few from the said crypto before trying to use any crypto as a reserve currency, for that matter.
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I'd dare not touch any of the ICOs reviewed by these sites. Most of the time, they are paid shills trying to make money off of making good reviews without experiencing the actual ICO firsthand. At this point in time, due to the cutthroat competition and extremely hard environment for ICOs, managers would surely do any tactic they can think of just to get ahead of the game and get that statistic flowing--even if it means faking it just to sell their products.
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Not a game, but I would like Steam to start accepting Bitcoin again, and other platforms too. But without Bitpay this time, Bitpay sucks majorly, they force you to pay huge fees and stress you with their timer on transaction confirmation. Perhaps Bitcoin will start getting adopted in gaming only with Lightning Network, because it's really not suitable for microtransactions even now.
Steam did in 2015 - 2016. Honestly Bitpay integration on Steam only lasted a couple of months before being taken down silently with no notices or whatsoever. I actually bought a lot of games due to that event (I own 347 games now, lol) and stacked some of my bitcoin holdings into the Steam market for item betting which paid out decently in the end. Right now I'd like Origin and Ubisoft to accept Bitcoin or ETH just to get the feel of it again. I know Bitpay is the only way but perhaps by now there are other service providers out there that these companies can try.
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Bitcoin is not a magical creation that will solve the world's problems in poverty, corruption and economic downturns. It's a decentralized currency and that's just it. Perhaps bitcoin is overrated when it terms to such issues due to what happened in Venezuela--though that in itself proved to be false due to other factors affecting transactions within the country. Anyway back to Nigeria, bitcoin is money, and if people don't have their own money to trade for bitcoins, they won't have it, and they're stuck in the vicious circle unless something happens that will break the chain i.e. a caring leader who'd break walls to establish a new Nigeria. Sadly though, that doesn't seem to come into a reality, and wouldn't be in the near future.
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Every bitcoin wallet/address has no limits on ins and outs. But for buying and selling with that kind of volume, you have to be verified to your eyeballs to start moving mountains or you could get in touch with exchanges and see if they offer OTC trades with those volumes. For sure they'd love to cater your requests if you have the weight and the $$$ to carry on with such schemes. If not then get KYC'd.
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Whoever decided to get this name for this project deserves some kind of a raise, perhaps to a more exclusive level in hell. Anyway, this kind of game is somewhat sketchy and is deemed to fail tbh, considering that if one buys in to the pot, it's locked in there for 90 days and if he sells immediately, he'll lose some part of his initial deposit. Isn't that another way of saying "thanks for participating in our scam scheme" since you leave the investors without a choice? A lot are still at a loss for the horrors of Bitconmect, and I sense that this might happen again in this re-run (if it is the same one, lol).
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Price tickers give a glimpse on the current trading price for a coin. Of course, we all keep track of our entry points in the market and we have a set goal to which we will take profit. By using these tickers, once we see that it hits our target, we can then settle for that goal and take profits, then wait for the price to drop down again and buy lower. Rinse and repeat. Oftentimes it can also help us adjust our goals and act accordingly before it's too late. I myself am not confident on price alone: I always check the exchange and see the order books and make my conlusion and next move from there.
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A small autonomous territory with less than 50,000 residents not making enough money? Not to mention that it's also a hot tourist attraction, so I can't see why are they trying to make it look like they're making ends meet? Who knows how much offshore money is parked within those lovely islands all the while the native residents are out there paying taxes for the most ludicrous of reason: remittances. I was out here thinking that BVI is a nice place to live off my dying days but lo and behold, it's slowly becoming something I hate.
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One main reason I can think of is probably low stakes, high rewards. We all know that greediness is, by default embedded within a human's psyche, ergo rendering us hungry for a high roll without risking a lot in the process. This has been pretty evident to the nature of gamblers, though there are still people who are willing to go nuts to chase losses etc. There also goes the factor of "feeling lucky" that some people carry on with them. It's a flawed belief, but given the low stakes of a lottery, why not go for it and hope to hit the jackpot, aye?
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I've been looking to play some Apex and PUBG with incentives, and currently Razer's zSilver and zGold are the closest ones I can get to at least convert my gaming hours into something. I have been playing a lot of Apex and PUBG recently, and I think having these quests as self-wager would just increase the thrill on every game that I hop on. Anyway, I think I might sign up to this platform and see what it can offer. In the mean time, I'd like to request RTS games (albeit they're quite in a slump) such as Starcraft or Dota 2 in there, hopefully.
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That means overhauling the system and perusing the blockchain on all fiat transactions which in itself is already pretty far-fetched. The central bank has their own guidelines and security measures to prevent counterfeit cash from flowing around freely which are embedded on the currency that they issue which, to me is already one way of combatting the said event/scenario. Perhaps fiat will soon migrate to blockchain tech, but in the nearest future I doubt that to come to fruition.
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