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901  Bitcoin / Bitcoin Discussion / Re: Potential Impact of Binance Collapse on Bitcoin ($BTC) Price on: August 23, 2023, 08:18:05 PM
Hey all, let's chat about what could happen if #Binance faced trouble. Would it shake market confidence and affect $BTC? With Binance's high trading volume, its challenges might lead to caution, causing short-term dips. Traders might shift to other exchanges, influencing prices. Regulatory concerns could escalate, impacting Bitcoin temporarily. While history shows events impact prices, the crypto market is intricate. This isn't about fear, but discussion. Stay informed, diversify, and be ready for anything. Share your respectful insights on whether a Binance issue would truly rattle Bitcoin's price. Remember, this is just speculation, not financial advice

There was a time I had Binance my first Binance account and there was no KYC back then, you can used a dummy email and a password to get access to every features then before the introduction of P2P and Launchpad and I can tell you that you that I enjoyed it because I don't live my coins on them, I deposit other coins, swap to BTC and move them out and everyone like me where all there but when KYC became a mandatory thing, they lose users like me but till today, it's suprise me how they managed to get back users this much, perhaps their launchpad marketing and gains made people like the exchange but I don't like them a bit.

If Binance go down today, I'm sorry to say that bitcoin price will half the original price today because they have lots of coin in there reserves wallets that can do lot of damages, institutional and microstrategy all have assets under them. I pray they don't collapse but if it does, it's going to be a hell on earth for crypto and everyone, that's why we must reduce our dependency on centralized exchanges.
902  Bitcoin / Bitcoin Discussion / Re: How do you go about realizing gains? If you opt not to, what is your reason? on: August 23, 2023, 08:02:00 PM
We're currently experiencing a bear market phase. How do you intend to secure profits once the market undergoes a turnaround? What proves to be the most formidable obstacle in executing this strategy? If your intention isn't to convert profits back to fiat, kindly explain your philosophy regarding this choice. Newbies in this platform like me could gain insight from your past experiences.

The intention is never getting my hands on fiat in the first place, I don't used fiat unless I get paid in it which I can't avoid especially when it comes to bill settlement and groceries but I can choose how my investment can be, and it will continue to remain in btc, you know they say 1 BTC = 1 BTC, the nominal value will be determine by me when I decide to sell. I don't even have much  realized profit yet, it's still the way the I bought it at the market value with slight profits in value but the quantity remain the same, you don't loss until you sold.

It wouldn't cause you less sleep if BTC price swings downward or plunged, if you have more fiat, but more to keep you average on the amount you bought and sell when the price peaked or sell when you fee enough profit has been made and incase you want to become the hodl gang, you are welcome to the club.
903  Bitcoin / Bitcoin Discussion / Re: Don't wait for the bottom without buying in the Dip. on: August 23, 2023, 07:47:11 PM
My reason for saying  buy the DIP while waiting for the bottom.

A; you may be waiting for the bottom and the market will recover so quickly than you less expect.
B: Because you will still make profit if you buy the dip
C: because there were even investor who bought at a higher price and you have a better opportunity to buy the dip.
D: If you are holding for a long term, you don't need to be scared of buying the dip.

thank you for reading my topic.

Bottom is an arbitrary expectations, and it's subjective. What you call bottom may he different from what another person thinks. Why will any serious person thinks of bitcoin price to bottom, that was how people were expecting the price before thales last halving to go back to $5k after it bounced back to $12k, guess what today, that has become a history because we are never going back their, not feeling too confident about that but the I feel, we have past that phase of bitcoin price and one day, $26k will be price of the past we may never see again, so buy while now that you have it at discount price.

Buying  the dip has its own challenge though, it's when there is no fiat available bitcoin price do dump and that makes me go crazy sometimes, it would have been great if we usually have price crash on monthly end but I have noticed that we do have monthly candle close and bitcoin price do retrace a little bit and then dump the following day of the new month or will stay there, and by time you wait without seeing any signal, the fiats would have been used for sorting out bills. Grin
904  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: August 22, 2023, 09:32:07 PM
What just happened at Crystal Palace headquarters must be evaluated immediately by Arteta, Arsenal players had difficulty scoring goals despite controlling the game, the only goal Arsenal managed to get in this game was through a penalty spot which was executed perfectly by Odegaard. Arsenal must perform optimally and be more creative in taking advantage of opportunities to score goals, competition in the EPL this season requires Arsenal to perform better than what they have shown at Crystal Palace headquarters.
The sharpness of the front line needs to be honed again, their goal productivity must be able to increase if they want to maintain competition with Manchester City in the race for the EPL championship.
Arsenal have brilliant players who are ready to deliver the club interms of crucial phases. Odegaard is the captain and the only lucrative midfielder presently at emirate followed by Declan Rice, with these players, been on the winning side should be easy for the club. Arsenal facing tough time this season, they probably having the same challenges with Chelsea. Dominating a game and finding it really difficult to net a goal. Gunners struggled in the two games this season, their next game is Fulham. I bet Mikel Arteta will definitely outshines Marco Silva this weekend. 

Their yesterday match was win by luck and it doesn't happen all the time. I was skeptical on betting the match but on realising what Manchester United did in their own last match, I had to remained neutral and watch them do their things and bless lord, they made it out with another 3 point to maintain their place in the standing, I'm just wondering where they will land this season. However, I'm still impress by there points but they need more to fight that Manchester City that has picked race for another Premier League title. It doesn't make sense when on only Etihad have more collections of all the Premier League in the last few years. We need change and I anticipate to see Newcastle or Arsenal take this Premier League before any other dominant teams.
905  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: August 22, 2023, 09:18:33 PM
-snip-
Madrid midfielder Jude Bellingham is the top scorer in La Liga temporarily with 3 goals, followed by Kike Garcia striker Alaves with 2 goals and Cristian Stuani striker Girona with the same number. Meanwhile, Lewandowski last season's top scorer has not scored in two matches this season.
I'm happy with Jude Bellingham's goalscoring record in Real Madrid's last two games in La Liga, but I can't fully expect Bellingham to be top scorer this season because he's not a striker but a midfielder. It's rare for a midfielder to become top scorer at the end of a season, because in most cases, strikers and wingers are the two players who often win it.

So far I know Jude Bellingham's role in a game more than a midfielder, he is an attacking midfielder who is expected to also be able to score goals when other strikers are struggling. It's similar to De Bruyne's situation at Manchester City, but he was never top scorer.

That's not how positioning of players work my friend, anytime they go for training, the managers train them for the role they are well known for but in during match, they do find out that some Midfielders are more attacking than ball distribution between defenders and attackers, when this attitude becomes a regular thing by the player, they change them to the attacking position and if they play well, they will continue to defend that position until it becomes permanent of them, so Bellingham might be playing for Real Madrid as striker for now just the way Ronaldo was doing back in his peak days.

You can't say he can't dominate Laliga as the highest goal scorer, didn't Haaland did the same thing in the Premier League, he was average in Dortmund before becoming a beast in Manchester City. The league will be going for round 3 on Saturday and you are already making wrong assumption on a good person, he is skill and has speed, give him time to digest the heat and push further more.
906  Economy / Gambling discussion / Re: A weird belief among some gamblers. on: August 22, 2023, 08:03:27 PM
I beg to differ as gamblers are basically addicts who have a tendency to lie. In regards to their downfall as an addict they would find another lie to reason their downfall. I have been comparing gambling addicts with alcohol addicts ans you would find the same behaviour. To an extent that these two addiction are more so similar with their addiction habit. They both hide their addiction, they hide themselves when they are satisfying their addiction. The steal money and they would kill anyone to satisfy themselves. Getting addicted is so bad that they even destroy their families reputation and the bond that holds the family together.

If you beg to differ, then I will say that you are wrong, first for generalizing gamblers as potential addict, I gamble too and I lost some money today, I have stream Netflix and I have forgotten I lost money today and for today lost, that's all till next week, and I will only play if there is a good match for me to pick, I play and don't expect anything even the ones I do have high hope of making good result; if it fail, I move on. There arw gamblers who are also like me and we are not addict, just play and have fun of it and cashout the days it's favours us.

Alcoholic person is one of the most transparent people you will ever meet, they will spew everything including all their problems to you and wouldn't find a reason to lie because when you drink farment drinks, you become sober and find people to talk to especially when you have much on your head that you think about, gamblers are quite different people and not like gamblers.
907  Economy / Gambling discussion / Re: I will pass KYC later is a bad idea on: August 22, 2023, 07:44:51 PM
There are many casino sites that offer KYC free gambling and allow you to deposit and withdraw up to certain amount without any Kyc verification. so in this case you will not have any problem even if you do KYC later. But when you go to gamble with a big amount you definitely need KYC verification.  But it is better for everyone to play gambling without any kyc with a small amount on a site first and gain experience of that site.  Then if any site seems good and trustworthy then complete kyc then gamble with big amount.  It can be a good strategy to research gambling sites

The problem is that the casino that doesn't requet for KYC will have limit to the kind of games and bets you will play. You can see a casino that doesn't and will never ask you for KYC but they are very strick to the point of kicking you out on suspecting anything, they wouldn't think a second time they don't find you friendly to the casino and they could Limit players that are from particular regions due to regulations and licensed problems.

As for me, my advice is if you must use casino that doesn't request for KYC, please make sure you check their reviews and others experience if it will worth it trying it out and make sure that the game you will like to gamble is a popular one to avoid searching for free KYC casino that you may never see again.
908  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: August 22, 2023, 07:25:33 PM
Tottenham are really doing well even without Harry Kane present in the team. I feared that Tottenham will struggle so much after Kane’s departure but so far this season they have showed improvement from the first game of the season. Keeping a clean sheet against Manchester United and winning the game is a resounding display of how solid the team is. Pape Sarr was also impressive in that game as he made attempts and scored the first goal of the season.

By the way, previously I have also revealed about Tottenham without Kane, I stated that maybe with Kane departure it could improve the quality of Tottenham. Because after all, if Kane is still at Tottenham then it is very possible that Tottenham has a dependence on just one player. But if Kane leaves, then it is also possible that Tottenham can improve overall teamwork. The proof, Tottenham managed to beat Manchester United also with a clean sheet, obviously it was a good result for Tottenham to win in a big match like that.

It can't be taken away that Kane was tbe best shot Tottenham had all this while, either they admit it or not, they will spend from that $100m they sold Kane for another striker because it's too early for a this happiness that Tottenham beat Manchester United for their own wrong calculations and poor player formation. The second highest goal scorer from Tottenham which happens to be the same Kane, he was the best after Haaland and still, they couldn't qualify for any trophy and winning only one match without him, they have changed to been a motivational speaker, I didn't blame, it was Manchester United that didn't do their part.

As for Manchester United, I don't know how to describe their form but with the two matches they have played, won 1 and lose one, I will be neutral on their performance till further notice but then, Erik neee to work on Rashford because I don't understand what that boy was doing on Saturday, he should train his boys to from allowing football mistake just as we saw in the case of Martinez.
909  Economy / Gambling discussion / Re: I will pass KYC later is a bad idea on: August 21, 2023, 07:42:15 PM
I don't know where some gamblers are getting their confidence from, do you know that online casinos can keep rejecting your ID after you made some high amount of money? Some people cares about winning first before passing KYC, it's cool you believe that you won't always win but the luck comes when we least expected.

Imagine winning and you find it hard to pass KYC, trapping your money on the casino for like ever.

The problem with some gamblers is awareness, when they open account in a casino that request for KYC, they may not ask for it initially, Casinos do that to invite people to put money in their custody but I feel it's really bad because it's a trap and gamblers that are not aware of this will think because deposit is working, they can withdraw after winning. The challenge here is that withdrawal button may not function at first and they will think it's because they are yet to deposit but as soon as they click withdraw, proceed to KYC will be the next step that will be required and it very bad, more like trapping players money.

An experienced gamber will look out for any casino they want to use whether they request for KYC or not, I personally ask for opinions and reviews before I use any betting platforms and if they are KYC or non-KYC, it's safe e to use a non-KYC casino than the KYC one because the latter will ask you to even provide additional information if they are suspicious of your activities.
910  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: August 21, 2023, 12:08:36 PM
Real Madrid are still too strong even though they lost some of their core players in this transfer window. Bellingham has been the player who has shone the most in the last two matches with Real Madrid and he will be a player who will have a big impact on Real Madrid in the champions league this season.

Karim Benzema departure to the Saudi Arabian league was previously believed to be a loophole that Ancelotti had to think about in this season's transfer window. However, Bellingham seems to be able to overcome this gap because he is so active in scoring goals in two matches in the domestic league. So Ancelotti doesn't seem too worried if they don't find new stickers in this transfer window.

Play and fun aside, Real Madrid is not as strong as we think. It's good to see shuffle and from the absence of Courtois and Miliao, those two are major blow on the faces of Real Madrid but Kepa will do a great job seeing his first appearance performance but still the club is shaking, the current team didn't come close to the Real Madrid 2021 sqaud that lead them to their last Champions League. We need more reinforcement and good attacking, I love Bellingham in person but he is the only person and Rodrigo we had only as main striker.

Kareem Benzema has paid his due and Anceloti understand that too but they he's not making it seems like he need a good striker, he has the money but he is not making any moves or perhaps because there is still speculations about Mbape coming to Real Madrid as free agents. Only a matter of time before Real Madrid wear out but if Laliga is weak, they may have the ability to continue to kill every match; current form is great but we need more reinforcement.
911  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: August 21, 2023, 11:02:42 AM
Saudi teams continue to bring star players and they are getting more dangerous in time. If you have heard UEFA is thinking of starting to accept Saudi teams for the Champions League as of the 2024/2025 season as well.

More like Saudi Arabia Pro league are the ones begging for the EUFA Champions League inclusion, they are begging Fifa to support their league because they want to elevate their leagues for the world to motivate their kids and country and with the amount of money Saudi has been spending on transfer, it will take a little time to lobby FIFA to have this complete. They are not buying these players for entertainment, it's business purposes, if more players keep going, they will one day get the C League approval either by influence or by lobby.

Quote
If this really happens Saudi teams can suddenly start to be one of the most competitive teams of the tournament with these transfers. Of course this action will bring about financial fair-play rules for those teams at the same time. As of that date they won't be able to bring whoever they want for the Champions League. Otherwise there would be sanctions to be imposed.

But until then I can't imagine who the future transfers will be for those teams. European teams are starting to be desperate against them in race to sign players.

The Europeans can continue to play the game of transfer card, we all know that the shares of the clubs go to this Arabian wealthy individuals, if they decide to shift their money back to Saudi, it will affect their financial growth as well, beside Saudi Arabia has that oil money they have been reserved for years and with less corruption going on the country, they have the money to buy any play they wish for except if the player is not interested in the deal, just like Messi situation then.
912  Economy / Gambling discussion / Re: Casinos games are not made by the casino teams but... on: August 21, 2023, 10:47:33 AM
I always consider games from one casino to be easily manipulated if the casino is the one that builds the game, when it comes to reputable online casinos, they always offer favourite games from trusty developers, this mean they don't build those games themselves.

The question I have in mind is, aren't the developers the ones that should be responsible for any manipulation in the games or it's still possible for the casino team and members to manipulate the game engines?

Some people still think that games on online casinos are from the casino teams themselves but those games are from software providers, is this valid or not.

One person don't build a company I believe, it's always a group of people and when it comes to casino, they make sure that the person that design and build their game is part of the company because they don't just build and start running the casino, they upgrade and continue to upgrade and also patch up when there is complaints from players and bettors, having a developer been part of the team is more secure and efficient than having someone from outside to do a casino games.

I'm not sure about your source but I haven't seen a company who give a part time job of Casino to an outsider, it's always within them because that is risky thing to do, they can give room for bug and later penetrate into the platform and later play to manipulate winnings but when a software engineer is part of the team, they will likely not comparised their own company because the fall of the company marks the fall of their own business they invest in and most often than not, software engineers are founders of casinos.
913  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: August 21, 2023, 10:39:43 AM
Chelsea and Poche are still in the transition phase and the adaptation process from the player overhaul that Poche did as a new coach this season.
It would not be a big expectation for Poche and Chelsea to be competitive but on the other hand they need to do something good so that their performance is not the same as last season.

The heavy defeat in yesterday's match really made me not too sure about their performance this season. Hopefully it was just a mistake and Chelsea can prove because if they continue like this then don't be surprised if a change of coach and team reshuffle is carried out every season which makes Chelsea even worse.
Favourites Manchester United, Newcastle and Chelsea all suffered shocking losses. They must strengthen their defences against powerful opponents when playing away. The manager of Chelsea must come up with effective strategies for a busy season, similar to the stunning goal filled victories of Manchester City. I think Chelsea 3-1 loss to West Ham was unexpected, as the team first-half promise failed in the presence of home support. In the middle of this, Manchester City title defence remains unwavering as they now lead the league.

Newcastle situation was different, playing against Manchester City is a hard game to predict but if you scale it, Manchester City are in better position to win the match than Newcastle, they are still good to go though, this is there first loss and it was against Manchester City, they will recover in their next match against Liverpool, that's if they are chance because their last match was only defensive style, they didn't mount pressure on Manchester city like they did against Aston Villa they gave finishing in their first round.

The faith of Manchester United is fair than Chelsea because I can't believe my year Pochettino is still looking to buy more offensive players, what has he needed that has not been granted into that team, new players, new manager, old system with old results. Isn't that worry some for club that has spent billions in Euro and are still looking to spend more, how are they going to earn or until Chelsea begins to run on debt, they cannot continue to rely on oil money for that long.
914  Economy / Gambling discussion / Re: Gambling effects on LGBTQ+ People on: August 20, 2023, 09:17:47 PM
I don't know how much I trust this study. If you are only collecting data from a small sample size you can make a study say whatever you want. Discrimination by casinos against LGBT people doesn't seem like it's a widespread issue. Casinos don't care about your sexual orientation as long as they can take your money.

Online casinos offer many benefits such as privacy and convenience. They singled out LGBT people but this is probably the preferred option for the general population as well.

Casinos would care who they are dealing with, today you are make and then tomorrow, you shave your beards with make up everywhere that you decided to change your character and facial expression, there is going to be a problem when they detect some irregular activity on the account and request the user to provide his documents or do some special verification. Imagine a gambler was registered and verified in a casino as a male with name as Philip only to come back as Cynthia  Grin, damn it! It's going to be a drama because I don't know how you are going to explain that you are she male.

If we are to go by the way females gamble, they are not much in number, only few of them bets and play casino games, I believe a gender change person particularly the one that change from male to female wouldn't love gambling or have man characteristics if they are not pretending to be what they are not, I don't think an LGBT person will be gambling freak except they don't really posses the characters of female and that's like pretending to be changed gender in my opinion.
915  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: August 20, 2023, 08:58:05 PM
Well in the end Barcelona failed to lead the first half with a win even though Jules Koundé and Yamal had good chances. They are still unlucky in terms of scoring goals, but I'm sure Barcelona can win this game in the end.

I think Óscar Hernández Creus as Xavi's assistant had to adapt a better strategy in the second half. Barcelona's performance has been good enough, but they need to create more goal chances and avoid mistakes. Balde almost made Cadiz score, but luckily Marc-André ter Stegen was still able to save it. The second half is about to start and I hope Barcelona manages to secure 3 points from this match.

Yamal was getting tired and chances were coming his ways, there was not much connection between him, Gavi and Lewandowski and despite been substituted with Abde, there wasn't much coming but as soon as Feran Torres was substituted with Yamal, it took him some minutes to score goal, but nevertheless, Yamal had me by jaw because his performance precced his age, 16 years old and doing wonders is a special privilege any player would wish to have at his age.

I kid you not but don't be surprised that Xavi was around the stadium watching his boys and giving directions. Grin Oscar Hernandez tried, his management skill will keep improving even if Xavi book another red card in the future, don't mind me, just kidding and I'm happy they will be able to brag for showing on the standing but not yet at the top, but still they may not be winning the league this season, Real Madrid will not give room for that now.  Cool
916  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: August 20, 2023, 08:41:01 PM
I didn't expect that Man United lost 0-2. I bet this game would end goalless. Because in the first half both teams played equally strong. But after the half-two break, Totenham managed to make a goal from a counterattack, and Martinez's own goal. Man United had a lot of good chances, but they couldn't make a goal. Rashford are not playing optimally, they don't look like they have a number 9. Hojlund's arrival is expected to solve this problem, but his position is still injured. So it looks like Ten Hag will have to be patient with the current conditions.

Normally, I knew how difficult that match would have been considering that it's an away match for Manchester United but since Kane wasn't available anymore, I thought it will be a wise move to include Manchester United for win or draw match, I was shock to see what they did at the end, it wasn't just humiliating. I was disappointed and lost my bet, of 3 matches that I staked, it was only Manchester United that didn't bring my tickets home. I accepted my faith but what was it with the 3 goals the conceded, I wasn't the expect that kind of performance from Manchester United as early as the start of this season.

I thought Chelsea are done with the banter? This is going to be a long ride but I don't think it will be smooth one, perhaps a mad max furry because, this is too early to start not after all the transfer tweaking Pochettino had done. Last week, Enzo was praised for his performance but I didn't see anything spectacular about that but today penalty, they all changed the story because the banter was crazy, Caicedo that was making the Media headline gave them there worst nightmare that made West Ham to have extra goal. At this point, I don't know who to blame anymore, not Pochettino Manager nor the players, everything is wrong with Chelsea, how can 11 players be playing against 10 players and to score a single goal becomes a mission impossible. Cry
917  Other / Beginners & Help / Re: Will Bitcoin do to Bank what email did to the post office? on: August 18, 2023, 09:03:48 AM
Bitcoin is changing the payment system in the world right now. Payments made in Bitcoin are always fast to receive and do not days to receive.

This phrase is one of the best words to shut people back then who don't believe in the crusade of bitcoin, if people could see the transformation of Email in how they revolutionized the way of conveying letters from senders to receivers, then Bitcoin has a future to change the financial institution but deep down, there are limitation to what bitcoin can do, I hope you do see how the price fell from $29k to $24k within 4 hours of yesterday, volatility is the primary concerns here, not to talk of the transaction speed.

However, I'm happy that financial institutions now recognized bitcoin in their portfolio, and the increase in adoption has been great adoption for bitcoin, it may not really change/transform bitcoin the way banks works because the ways of bitcoin is just different from the ways of the banks.
918  Economy / Economics / Re: PayPal becomes first major fintech to launch dollar-backed stablecoin on: August 17, 2023, 03:30:08 PM
Stablecoins actually partially solved the problem of volatility in the crypto market. The emergence of new stablecoins and the development of Ethereum can really create a positive change in the industry. The ability to link the real value of assets helps to create stability and facilitate more favorable for the use of cryptocurrencies in daily transactions.

However, there is no denying Bitcoin's important role in changing the way we understand finance and manage wealth. The decentralization and self-control of users for Bitcoin are really strong points, creating safety and freedom in managing personal assets.

Seeing that they have been forced to stop services for UK citizens means low income patronize from customers and this stablecoin PYUSD is just what they are trying to implement to have their daily bread from customers, nothing new under the sun, just the same bullshit but different ecosystem, they are not a trading platform to begin with, when they issued the stablecoin, they will have to collaborate with trading exchanges to increase the adoption for people to use, they are nothing but another baby USDT looking for market shares and the revenue distribution from the already dominated companies (such as USDT, USDC, BUSD, [XUSD or USDX X= to the company name])
919  Economy / Economics / Re: What is the reason for the X on: August 17, 2023, 03:06:23 PM
Overtime I hardly made use of twitter account and it calls to my noticed that twitter logo was replaced to X instead of the previous logo. Now I was curious to know why such thing happened and why change logo X, does it positively affect the users in any way?
I don't know how many of you are regular user of twitter since I barely relates over there and I noticed is not cool for me to always use since the sold out to Elon Musk that was my ending love of using that social network.

If topic already existed I don't mind locking this thread.

Haven't your heard of Intellectual property right? The trade mark and copyright. Elon has been the same person with the same dream from day 1 and the reason for choosing X will remain his trade mark, nobody can explain the reason why he chose that except him and the people around him, everything that surrounds Elon Musk has X and it has the relation with Space X. There could be more reason why chose that to replace Twitter platform to X but in my opinion, the name X has already a big brand that is globally known and its reputation, it will be easier to brand it for to that instead of using the parent name Twitter.

I am not sure, but it could also be attributed to the similar app(Thread) Zuckerberg created some days ago that mimics Twitter, and to protect the code and copyright, they have to change it to X to keep it from other people from abusing the creation.
920  Economy / Economics / Re: Why are stable coins free from SEC ? on: August 17, 2023, 02:41:11 PM
Have anyone wonder why stable coins are safe all this while from Gensler and SEC, even the government? Why hasn't there any hunt on those centralized stablecoins? Is there something we don't know? Are stable coins somehow settled with the government and SEC behind the curtain?

Because if stable coins was target it will be a enormous hit to the whole crypto market, why haven't such thing happened yet? I also read where the former Binance.US said that the White House is trying to keep stable coins "out of discussions" like they know something.

Is this all about saving their USD? Or they are waiting to create CBDC successfully first before they go after stable coins?

You need to understand why SEC is after some particular coins and tokens and not USDT, BTC, ETH.
From the definition of securities, I quote:

Quote
What are securities and examples?
At a basic level, security is a financial asset or instrument that has value and can be bought, sold, or traded[1].

That being said; Sec believes that more than 70% of tokens in the crypto market are believed to be securities and for them to be traded or sold in the United States, they need to be formally registered and anything without the registration is term as illegal and crime and that is why you see the other day, they Sued Coinabase, Matic, Solana, Avalanche, Cardano and others for Violating the SEC rules and regulations.

USDT on the other hand, the SEC has not ruled anything for the stablecoin but they fine Binance for issuing BUSD as security and that begs the question if they are hiding something from the public, stablecoins are not an investment in the US, they are redeemable to fiat in equivalent 1:1 ratio, perhaps they have been lobbying the SEC or did some registration to avoid been scrutinized because BUSD is not an investment and USDT is not an investment either. The two are never USDT at least to my basic level of understanding why SEC has been attacking other projects.

[1] https://www.thestreet.com/dictionary/s/security#:~:text=At%20a%20basic%20level%2C%20a,%2C%20mutual%20funds%2C%20and%20ETFs.
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