This law has good intentions but it is still lack basis for the gamblers. I understand that they are trying to save those gamblers who are having financial problems but I think this is not the solution, they can try to provide professional help for those gamblers maybe, but they are trying to pass a law that has so many loopholes.
And the law can affect the casinos and other gamblers too. I may not have the right solution but I hope they can really find the best one for their good intentions, but I think this ain't it.
I do not see any good intentions in considering an adult as incompetent. I think that this is a limitation in rights and quite serious - in fact, we have to prove/obtain permission to use our own money. I think this is a step towards totalitarianism. I am sure that if the government does not receive a rebuff with such initiatives, then it continues to invade all spheres of life and dictate conditions (often absurd), of course, "with the best of intentions." This is something that we shouldn't be done. Our own hard-earned money is something that we should freely use. If this law will make require us to prove and obtain permission to use our money, then it seems that they don't have any good intentions. It will look like "our money, is their money." I know right? It is our money, why should we even ask them permission how we will use that? If we buy a lot of things in a grocery, they don't require us to ask them a permission, isn't it? Maybe that is because of how they can get taxes on that grocery while on the money we lost in gamlbing, they can't get anything. That is why it is better to use cryptocurrency. |
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My cousin did the same 2 yaers ago.
She said that she will be presenting a speech and the basis of the grade depends on how the topic of the speech is interesting and how it is delivered. I gave her the idea of having the topic about Bitcoin and maybe other cryptocurrencies. She said that her teacher loved the topic since it is presented in the class without anyone knowing what is it but the delivery of it is kind of bad since she is really a shy individual. As far as I know, her teacher even searched it online, I don't know what happened next but I hope it did well.
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I agree with the idea of using Bitcoin for payments related to mobile games, because a simple way to use Bitcoin is quite necessary
internet connection and also a mobile phone. It might be effective if adopted in mobile gaming, but it is mobile gaming that accepts
payment by Bitcoin is still small in number, most popular mobile gaming still uses traditional methods. This could be related to legality
issues from mobile gaming developers with government regulations.
and integrating bitcoin or crypto in mobile games is not difficult to these gamers as they are already familiar with some currencies within the game itself. so just adding crypto is i believe not really of a big deal to them but it will give them more worth of what they are doing because they are dealing with crypto which has real value in the market. Which is right. Those gamer are aware of using other digital currency and adding bitcoin is not hard to them. It's also adds great advertisement for those who don't know bitcoin yet, seeing that it's part of their options will give them time to search about bitcoin and how things works using this cryptocurrency. I think some of the gamers already knew about Bitcoin. If you don't know, one of the most popular gaming platform in this world, Steam accepted Bitcoin as a payment method in the past. They said that they can't actually take the fees and maybe the transaction time that is why they stopped. Some actually got interested in Bitcoin but most of them didn't care unless there is a game that actually give them way to earn it. |
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$15,000 will be easy for bitcoin to reach and because were entering the 4th quarter of the year this is the exact month were bull run started last 2017, hopefully history will repeat itself.
I don't think it would be hard. We can actually tell that based on the quarter of the year we are in. I guess in the past we could tell that whenever we are closing to the end of the year, we expect a pump but with the past years, it is not happening so I don't think you should rely on that. We can't even have a stable price at $12K, let alone $13K and $14K. |
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In my opinion Bitcoin is on fire now. After 2 years ago the bearish market is very sick. Now, the market is turn into bullish trend.
Some altcoins will also follow bitcoin to get rising price.
Bitcoin is now on recovering phase, bitcoin must reach $13k in order to start the bullrun,. Still no one can predict what will happen on bitcoin and on some altcoins this year. Hoping that after 2 years of suffering from bear market this year onwards will be bullish. It is done with its "recovering phase". Another thing is that it already started, the bull run for some time now and I think it would continue for some time now. Maybe it is the late effect of the halving or just investors took advantage of the fall that happened in the past month. All we know is that the price could just go back and forth at $12K, it is not staying at $11K, and might break at $12K again. |
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This is an interesting topic. Personally I believe that we will not have a completely cashless society at least for another 2-3 decades or so. I think that cash, cold hard cash, has been so ingrained in our societies that it will take quite a bit of time to move away from.
That being said, I think we are clearly on our way to a cashless society. I don't think you can even argue against this. Bitcoin and the blockchain have paved the way to this cashless based society, even more so that credit cards did in my opinion.
I agree but I think it is still early for Bitcoin. Maybe other cryptocurrencies could be used in this scenarios or maybe in the future, maybe Doge. Even before we talk about Doge and other cryptocurrencies, I think we will walk through Cards and these online wallets like PayPal and maybe PayMaya. Cryptocurrencies might not be that good for some people and I think it still needs more time. If the all the cons could be resolved then the chances that a cashless will become a thing earlier than we could expect. The problem with going cashless though is the possibility of total collapse, now what I mean by the total collapse is when all of us are doing cashless transactions, what would happen if the power grid is down? EMP grid down kind of situation? I do not know the right answer but if my deduction is correct maybe a total chaos/shit hit the fan situation will happen. That is the reason this is still imperfect. There are a lot of things to consider and obviously power is one of those, some provinces here in our country can't even have a stable electric source since most of them are still having blackouts(brownout) every now and then. I don't think they consider EMP but I know that electricity is also a concern. Still, we don't need to think about this now since we still have a lot of time before this is implemented. |
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This is an interesting topic. Personally I believe that we will not have a completely cashless society at least for another 2-3 decades or so. I think that cash, cold hard cash, has been so ingrained in our societies that it will take quite a bit of time to move away from.
That being said, I think we are clearly on our way to a cashless society. I don't think you can even argue against this. Bitcoin and the blockchain have paved the way to this cashless based society, even more so that credit cards did in my opinion.
I agree but I think it is still early for Bitcoin. Maybe other cryptocurrencies could be used in this scenarios or maybe in the future, maybe Doge. Even before we talk about Doge and other cryptocurrencies, I think we will walk through Cards and these online wallets like PayPal and maybe PayMaya. Cryptocurrencies might not be that good for some people and I think it still needs more time. |
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This law has good intentions but it is still lack basis for the gamblers. I understand that they are trying to save those gamblers who are having financial problems but I think this is not the solution, they can try to provide professional help for those gamblers maybe, but they are trying to pass a law that has so many loopholes.
And the law can affect the casinos and other gamblers too. I may not have the right solution but I hope they can really find the best one for their good intentions, but I think this ain't it.
Also, gamblers find their ways too. The government are just concerned in their citizens that is why they are creating these regulations as you said but we can't just say that it is the government's fault of having these loopholes since people are also finding a way to walk around that regulations. Also, it doens't just fall to the government's hands, it also falls to these gamblers how would they behave and control their bettings. |
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They can do that if they want but in their own country only, it will be difficult for them to follow others countries rules Because they are not covered by others countries laws not unless they are running it there .
This will still depend on the online casino. Despite the different country your living, if you are playing at that online casino, you should follow and respect their regulations. Even if the country you are in doesn't have that regulation, if those casinos have, you still need to follow that and that also means having limitations and proving that you could also take those losses. |
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It is really a very unfortunate thing the ones who end up dead for gambling losses. If this is being caused by uncontrolled gambling addiction then it is a wake up call to all of us who do betting, casino, slot, poker, and other forms of gambling to reconsider our strategies and be responsible players. Treating gambling as a business with controlled funds and computing losses to profits, just like an actual business might be helpful in managing your gambling finances.
This is not just a mindblowing fact, it is a waking call to us all. Even though we are not even comparable to these people, we should know that despite the low and high amount of bettings we've done, we should be able to control the urge of us gambling because at the end of the day, it can end up in losses. Instead of using that money into other things that is more important, it is falling unto pockets of these owners and investors. Life is hard and we should not make it harder by relying on gambling. |
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It would be beneficial for Bitcoin if the whole traditional system would be replace by Bitcoin. Then gamers, phone or Desktop could earn from it especially streamers.
If this is just a thing earlier. I have an idea about Bitcoin being earned while gambling but that has to do with mining too. As gamers play the game, they would be having these rewards or something like that while also mining but with the difficulty of mining, I don't think it would now be worth it. Unless we have an ASIC and a GPU at the same time for PCs to use. |
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I guess this is the same as other people here, additional profit.
Ever since knowing Bitcoin, I didn't even consider trading and investing as a way to earn some profit. I thought that you will be needing a lot of capital to start trading and investing and that is when my friend introduced cryptocurrencies to me. As I use some of my salaries to reinvest, I also keep on hoping that I would use Bitcoin as a currency but right now all I can do is hold and trade. I met some people because of this and also have new friends to talk to about this.
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This is what I am saying about those people that recommend holding to other people.
I know that it is a good strategy for those people that are still not used to the market but always remember that the price of these cryptocurrencies is so volatile that is why we should all be aware of these changes. It is easy to look in the market and tell that it is a good time to sell to get some profit you can use to reinvest or trade to other cryptos. You will really regret it if you just hold it and come back at a certain time knowing it did pump in certain times.
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If good at trading, then should continue to trade and some amount should be invested as well. A mix of best is the ideal way and those who make losses in trading or not good then investing is good option in different coins which will make a profitable return if those rises in future. So, one must choose as per their situation.
You mean choose their specialty. I do agree that it should be the case if you are just starting but the longer time you are here, you should also learn how to read the price chart, maybe learn some indicators that could help you to trade. You can't just rely on what you know, you should try to learn other things that could give you more profit in the future and that means it shouldn't be just investing. |
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I believe that cryptocurrencies should be used as money more often, not only for speculations. To successfully and sustainably launch cryptocurrency projects within society and the state, it is necessary to have a strong economy that is ready for a new principle of monetary circulation. If country have problems with the economy then people will use cryptocurrency to accumulate and make a profit and not just for the sake of paying as usual money. Think about it.
I also wanted to use bitcoin as a currency and not as an asset but that can't be removed from it because we all grew and knew bitcoin like that. Bitcoin is commonly known as a speculative asset rather than an alternative way to pay. Most of us bought this crypto currency in hope that we will be getting a profit from it and not the convenience from using it. But most of us, I know wanted to use Bitcoin as an alternative currency. Despite the urge to earn from cryptocurrencies, I think people are also wanting to use these to be able to send payments or create transactions almost instantaneously and vey convinient for all of us. Though the adoption is still at its early stage, I know it will happen in the future. This community would grow and the government won't do anything because at that time, it will be unstoppable. They may create their own but I think Bitcoin will still be the most expensive and most popular. The community you are talking about was formed only around the cult of eternal growth and cosmic profits from btc and no more. God willing if at least 10% of the community wants and strives to use cryptocurrency as money and not as speculative shit to get even more fiat money. Sometimes I think it's all just a big joke and experiment. to create an alternative for people and come to the point that they don't need it. For me it isn't a joke, it could happen. I know that could be the reality, if it isn't, I don't care but I know it will. Even if that is just 10%, that is fine with me, that shows that there are a lot people that wanted to use Bitcoin like that. I can't blame those people since we opened our eyes that way, saying this I think you are one of them and I respect that perception of yours. |
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Electronic methods aren’t perfect
Every systems has its imperfections. You can't add this to cons since this should be the description of the system. Every system has its imperfections, obviously, this will not be different. Even before we consider cryptocurrencies to be used, or if it will be, we should also consider these mobile wallets or these ATM cards that are already used by the people. The government are developing these cards to lessen frauds and those people being robbed of their cards. |
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Should the government allow it more openly?
I guess this depends on the country. I will not go against the government if they will be making this decision the problem is that I don't think it will be as popular as other country's. Most of the bets happening here is in cockfighting, local sports, there are some casinos and usually, the gambling that are happening here are just between people. When there are dead people, they are letting the people gamble there but the government are getting nothing out of it. |
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I also think that online gambling sites should be regulated by each country, so let be
more effective and efficient. Because every country has a different policy, so regarding the rules of gambling also different.
Yep, every country should have their own policy reagrading gambling. We cannot expect that all countries in the world to apply the same policy. So if you are a gambler, make sure that you are familiar with your country's regulations when it comes to online gambling. Otherwise, you will be screwed and potentially lose your funds by honest mistake. Every country has their own set of rules, so just respect whatever they have to avoid facing problems. I don't think we need to since this is just for UK. Another thing is that they regulate this law because of the problem that they have in gambling. Since we are still affected by the pandemic, most of the online sites we are using are from the other countries so I think the regulation of those sites will be held by that country and not ours. Still, those gamblers are still a few and so I don't think we will be having that kind of regulation any time soon. |
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I've tried VR and they have a great potential. I wonder why are we still not able to push VR to every people's home. With the current pandemic situation, the importance of virtually being present is seen on every sectors. Many traditional gambling spots has gone online through video streaming. To enhance the experience, they can implement VR tech. But for it to be equally utilized, VR tech should be handy on every households.
And I don't think all of those gamblers would be spending that money in those VR techs. Instead of them shifting to Virtual Reality gambling, they could stay in online gambling since that is convinient and handy since they could also do it in a mobile phone or a PC in their houses. Either way, we don't need to enhance the experience of gambling since it is gambling, just do some poker or blackjack online it is still fine. There are also sports betting too so I don't think VR would be needed in that. |
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That number one really is surprising.
Never thought that people would actually waste their money in gambling instead of thinking how they could earn more with that huge amount. I would understand Michael Jordan's addiction to betting since he has a lot of money to support him and I know there are a lot of people that would be advise him to stop but with that guy, saying that he is burried to debt means no one actually care how much he spends on gambling.
It is like after certain amount of loss one will stop, or it is greed that does not allow people to have that control when to stop it. Other thing is that they would have played to recover the losses and though they may win and that would have not happened it and this would have lead to such huge losses in their life. We don't know the backstory of it, maybe there is something more. What is that person is actually finding a place to belong himself and he found that in a casino, in a place where he needed to gamble every day and night? We don't know. But all I know is that being addicted to gambling and wanting to win a lot is different to each other. IMO that guy don't want to win a lot but is just addicted to gambling. |
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