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961  Economy / Gambling discussion / Re: 🏈🏈 The American Football Discussion Thread 🏈🏈 on: October 10, 2023, 01:56:11 AM

It appears that Saquon will be starting his own drama with the Giants after this season hehehe. However yes, he should fight for his value as a player and have more than enough to retire from the game comfortably.

He should hire Lamar to be his agent hehehehehee.

On my team, my 3 most important players did not create the points needed to have a chance against Hhampuz. Pollard, Henry and James Cook made a total of only 17.50 points. Cooper Kupp made more than the 3 of them with 17.80 hehehe.
962  Economy / Exchanges / Re: [Updated] FTX on: October 10, 2023, 01:23:32 AM
@FatFork. This is really very head shaking because these new information being discovered and shared make it appear that FTX was created as a criminal operation from the beginning. It is also strange that Sam Tabasco's name is not mentioned anywhere in the Chinese quant's testimony. Is Tabasco being protected? What does he know? Why is he not called as a witness?

In any case, Caroline Ellison will be on the witness stand this week. I am quite certain this will be another head shaking time of discoveries.

963  Economy / Service Discussion / Re: PayPal Just Announced Plans to Launch a USD Stablecoin - Thoughts? on: October 10, 2023, 12:56:04 AM
@BenCodie. The argument is not if the American dollar, the Euro or any fiat currency is shit. You are correct, they are shit. I am telling you not to have this position of bitcoin is better because the pricing and the value is based on fiat and it will always be based on fiat. Bitcoin needs the scam fiat for the bitcoin market to exist and for it to have a price very similar to how oil, precious metals and industrial metals' value are based on fiat. This is reality and you will need the scam to continue your existence. Do not tell me you do not use fiat to live in this world. That would be impossible and a lie.

I reckon we should accept reality. If much of the people hold bitcoin as a speculative investment to earn more fiat, this should be okay. We should never imply that we or bitcoin is better than other people or other currencies.
964  Bitcoin / Bitcoin Discussion / Re: Top Crypto Execs Confident SEC Will Approve Spot Bitcoin ETFs on: October 09, 2023, 05:10:22 AM
@FinneysTrueVision. Thank you and agreed. I was also looking for the source in their websites and on google. I cannot find them, however. This might be paid for tweets from whales who might be trying to hype everyone before they start dumping on out faces again?
965  Bitcoin / Legal / Re: This might become a very important legal precedent for SEC vs. Coinbase on: October 09, 2023, 04:59:50 AM
I am not quite certain what crypto needs to have value, however, my bitcoins and altcoins are readily accepted in many exchanges in exchange for dollars, euro and other fiat currencies. They also are accepted as payment for many items and services. Is this not giving it value? Do cryptocoins need to be backed by a government and be accepted as payment for taxes to have value?



Crypto Has ‘No Innate or Inherent Value’, SEC Argues in Coinbase Case

The Securities and Exchange Commission is arguing that cryptocurrencies lack any "innate or inherent value" as part of their case against Coinbase in federal court—prompting eye rolls from Coinbase and crypto watchers.


Source https://decrypt.co/200625/crypto-has-no-innate-or-inherent-value-sec-argues-in-coinbase-case
966  Economy / Gambling discussion / Re: Bitcoin betting on the 2024 US Presidential Election on: October 09, 2023, 04:32:03 AM
Will Robert Kennedy Jr. get the much needed votes to win the nomination in the Democratic party's primaries if he expresses his support for bitcoin and the community? The bitcoin community is very small compared to the groups belonging to the mainstream.

For the skeptical, why is he doing this if his support for bitcoin is not real? The much needed votes will not come from the community.



U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) discussed a variety of topics, including bitcoin, in an interview with Bitcoin Magazine, published Wednesday. RFK Jr. is a son of former U.S. Attorney General and Senator Robert F. Kennedy and nephew of former U.S. President John F. Kennedy.

The presidential candidate pledged that if elected as the President of the United States:

I’m going to make sure that bitcoin is protected, that people can keep their own wallets, that the current White House war on bitcoin will be over, that transactions will be protected and encouraged.

He added that he will look “ultimately at treating it [bitcoin] as a currency, rather than a commodity, particularly for smaller bitcoin owners.”


Source https://news.bitcoin.com/robert-kennedy-jr-promises-to-end-white-house-war-on-bitcoin-says-we-need-freedom-currency-that-government-cant-control/
967  Bitcoin / Legal / Re: SEC signals appeal to XRP ruling on: October 09, 2023, 03:56:17 AM
@zasad@. No crypto exchange or project from the cryptospace will hire uncle Gary after witnessing what he has done and what he is presently doing. However, it might be good to witness uncle Gary to be hired by CZ and become his subordinate heheheh.

In any case, is Elon good with predictions? He has said that he expects that the SEC will be overhauled together with other government agencies.



Tesla and Spacex CEO Elon Musk has called for a thorough overhaul of regulatory bodies, including the U.S. Securities and Exchange Commission (SEC). He made this call after the securities regulator sued him to force him to testify about his acquisition of social media platform Twitter, now known as X.

In response to X user Mario Nawfal, who shared the news of Musk being sued by the SEC, the Tesla CEO wrote:

A comprehensive overhaul of these agencies is sorely needed, along with a commission to take punitive action against those individuals who have abused their regulatory power for personal and political gain. Can’t wait for this to happen.

Moreover, another X user asked Musk: “Will it ever happen?” The billionaire replied: “I estimate the probability at 100%”


Source https://news.bitcoin.com/tesla-ceo-elon-musk-predicts-comprehensive-overhaul-of-sec-with-100-probability/
968  Bitcoin / Bitcoin Discussion / Re: Top Crypto Execs Confident SEC Will Approve Spot Bitcoin ETFs on: October 09, 2023, 03:40:19 AM
Those skeptical people might be correct in their skepticism on the news about these top executives' confidence on the approval of the ETF. I shared the news on August 9, however, after 6 days bitcoin bitcoin was being dumped.

There is presently another former top executive that declared his confidence that an approval will be within 3 to 6 months according to the social media accounts of Coingraph and Coinsumption. Should be expect another dump? Are these positive ETF news being shared because the whales want exit liquidity?



OPINION: The U.S. Securities and Exchange Commission (SEC) will register the first spot Bitcoin ETF within three to six months. This opinion was expressed by former managing director of BlackRock, Stephen Schoenfeld.

Source https://twitter.com/coingraphnews/status/1711028298954715353



BREAKING:

Former BlackRock Managing Director, Stephen Schoenfeld, believes the SEC will register the initial spot Bitcoin ETF within the next three to six months.


Source https://twitter.com/coinsumption/status/1711058345933553941
969  Economy / Gambling discussion / Re: 🏈🏈 The American Football Discussion Thread 🏈🏈 on: October 08, 2023, 03:05:29 AM
Hehe thank you and good luck to you. Also, good luck to Cooper Kupp and his hamstring hehehehe!
970  Economy / Gambling discussion / Re: [Boxing] Inoue vs Tapales for Unified Super Bantamweight Title - November on: October 08, 2023, 02:32:11 AM
For those who are waiting some updates on the fight, it says that it could be around Mid December,

Quote
“One week of intense training has ended,” Inoue stated in a post, accompanied by a photo sporting a chiseled physique alongside his team members. “I had a good training session and am ready to switch on for December.”

https://www.boxingscene.com/inoue-one-week-intense-training-ended-ready-switch-on-december--178188

So it's good to hear that this fight is still a go. Because there have been some doubts earlier, regarding the purse split and that the camp of Tapales didn't accept the offer. So maybe there is some stipulations on the contract and most likely the Tapales camp has agreed in terms.



What would be these stipulations? I speculate that it will depend on the event's sales and revenue. If it is more than what the have expected, they might give more money for Tapales' purse. I reckon Tapales should also gamble on himself that the organizers should add money in his purse if the fight ended over 10.5 rounds or reduce the money if under hehe.

Tapales might be underestimated for this fight. I am not predicting that he will be victorious, however, this fight might become similar to Naoya vs. Nonito 1.
971  Economy / Gambling discussion / Re: 🏈🏈 The American Football Discussion Thread 🏈🏈 on: October 08, 2023, 01:55:05 AM
Good news for my team! Cooper Kupp was activated by Sean McVay and declared will play vs. the Eagles for week 5. I will take the risk and play him hehehe. There are speculations that his hamstring is not 100% because Sean McVay mentioned Kupp will play assuming nothing will happen in the next 48 hours.



Cooper Kupp will make his season debut on Sunday when the Rams host the Eagles, as long as he doesn’t have any setbacks between now and kickoff. That’s what Sean McVay told reporters on Friday, confirming that Kupp will play this weekend after missing the first four games.

Source https://theramswire.usatoday.com/2023/10/06/rams-cooper-kupp-week-5-status-active-play-joe-noteboom/
I think they will use Puka Nacua mostly and Kupp as a decoy. I'm glad to see the guy back, but I doubt the Rams want to risk reinjuring the guy and losing him for the whole season.

Let us wish that Sean McVay will use him as a decoy until the ball is on 1st down and goal where he will be thrown the passes for chance of touchdown hehe. But it appears that this will not be a big risk for my team on week 5 because my other wide receivers are very much worse than Kupp with one hamstring hehhehee.
972  Economy / Exchanges / Re: [Updated] FTX on: October 08, 2023, 01:36:22 AM
These are statements made by Sam's Chinese quant Gary Wang when the quant was questioned on the witness stand. It is more than 3 pages and some of the statements might not anymore be shocking because we know the news, however, this is still very head shaking on how all of these have occured. Why is this not on show everywhere similar to the court trial Johnny Depp vs. Amber Heard?

https://twitter.com/wagieeacc/status/1710559548094771301
973  Economy / Exchanges / Re: Bitget will introduce mandatory KYC from September 1st on: October 07, 2023, 02:56:09 AM
If you follow this strategy, even trading at small exchanges like MEXC becomes risk free.

There are no risk-free strategies
There is no risk-free trading
There are no risk-free investments
There is no risk-free interaction with centralized services
There are no risk-free swaps.

When it comes to financial operations, there is always a risk, especially if we are talking about such a high-risk asset as cryptocurrency. Somewhere the risk is small, somewhere the risk is big, but it exists everywhere and always.

I very much agree but if someone wants the lowest risk method, I reckon swaps through DeFi and centralized swapping sites like exch.cx might be better options. There is a low chance for those exchangers to ask for identification from small minnows similar to us hehehe. However, centralized exchanges do not care. If a user creates an account with them, they will impose KYC on everyone because it is also being imposed by them by regulators.
974  Economy / Gambling discussion / Re: 2024 Oscar Awards bets and discussions on: October 07, 2023, 01:56:33 AM
In my opinion, the first 3 categories will go to the most favorite and strong contender, none other than the excellence from the film "Oppenheimer." Coming from one of the most acclaimed directors and one of the most talented actors working today. This will be the first time for Nolan if he wins.

But, of course, the actual results can often be surprising.

I had a similar speculation before because it is quite certain that the nuclear war storyline will be hyped on social media and mainstream news media. However, if you look at the winners for the last 2 years, the favorites before the official nominations were announced never won the Oscar. The movies that won were emotional movies about family, love and making the world a better world.

What are these emotional and inspirational movies? I honesly have not watched much movies this year.

In any case, the nuclear war storyline is only beginning.



Vladimir Putin has ramped up his nuclear rhetoric, saying his country had successfully tested the nuclear-powered, nuclear-capable Burevestnik strategic cruise missile, as he suggested Russia could resume nuclear testing for the first time in more than three decades.

Source https://www.theguardian.com/world/2023/oct/05/vladimir-putin-escalates-nuclear-rhetoric-with-threat-to-resume-testing
975  Economy / Gambling discussion / Re: 🏈🏈 The American Football Discussion Thread 🏈🏈 on: October 07, 2023, 01:24:28 AM
Good news for my team! Cooper Kupp was activated by Sean McVay and declared will play vs. the Eagles for week 5. I will take the risk and play him hehehe. There are speculations that his hamstring is not 100% because Sean McVay mentioned Kupp will play assuming nothing will happen in the next 48 hours.



Cooper Kupp will make his season debut on Sunday when the Rams host the Eagles, as long as he doesn’t have any setbacks between now and kickoff. That’s what Sean McVay told reporters on Friday, confirming that Kupp will play this weekend after missing the first four games.

Source https://theramswire.usatoday.com/2023/10/06/rams-cooper-kupp-week-5-status-active-play-joe-noteboom/
976  Economy / Service Discussion / Re: PayPal Just Announced Plans to Launch a USD Stablecoin - Thoughts? on: October 07, 2023, 12:52:42 AM
You said that stablecoins are shit backed by American dollars which is also shit. Bitcoin's price is based on dollars and also backed by dollars. The market cannot exist without dollars. Does this imply that bitcoin is also backed by shit also?
You are confused about what "being backed by something" means.
A stablecoin being backed by dollar means there must be a fixed amount of dollar for each unit of that stable coin. For example 1 dollar for 1 tether.
Can you say that for bitcoin?!!!

Bitcoin price also does not depend on the dollar and is not related to it either. It's just that as the most used shitfiat internationally, it is easier to trade against dollar as opposed to other shitfiats. Otherwise bitcoin, as a currency, has its own value and its own price against all other currencies. If one shitfiat ceases to exist, bitcoin will still exist and work fine!
Not to mention that with the ongoing dedollarisation we eventually will see another centralized shitfiat replace dollar and dominate the market where everything is traded against.


P.S. It is kind of weird to talk about PayPal launching a stable coin while they launched their dollar backed stable coin in 1998 when they established PayPal


You are correct it is confusing because bitcoin is not really backed by anything. The price is determined by how much supply is available on the market, how much demand there is on a certain time and what type of attitude the investors presently have on the market. However, what does the market use to price bitcoin? Where does the market base the value? On fiat.

I agree that bitcoin does not depend on the dollar if there is an international market where it can be directly exchanged for commodities. However, it does not. The pricing depends on shit fiat currencies.
977  Economy / Gambling discussion / Re: 🏈🏈 The American Football Discussion Thread 🏈🏈 on: October 06, 2023, 05:40:14 AM
Looking at 0-4 staring right at me, my ff season might be over before Halloween!  Wierd how some leagues ypu lead and others ypu can't squeeze out a single win lol.  Big night for the giants they can't fall to 1-3 to start the year if they want a shot at the end.  Gonna be a close game buy giants missing Andrew Thomas still which hurts since their line is probably the worst in the league.

I am 1-3 but I have the same attitude as yours hehehe. Cooper Kupp might help my team's record, however, it appears that 5 weeks with out him is too much. Much time has passed already unless some of the leaders of the league also have their own losing streaks.
When your first round pick does not work out then you are in trouble, especially if the number of teams on the league is on the high side since you will be hard-pressed to find any decent replacement on the waiver wire or in free agency, in my case Ekeler’s injury threw a wrench in my plans since he is probably going to return until week 6, meaning he has been out for 4 weeks, and while a good player he is clearly not worth the first round pick I used to pick him.

My 1st round pick was Tony Pollard, 2nd round pick was Derrick Henry, 3rd round was James Cook and 4th round was where it was a risk and I picked Cooper Kupp. I reckon the team is okay considering that I was the 12th picker. I reckon if Kupp returns and creates the projected given points, I might have some wins that might put me on top 6.

Also, you got Cole Kmet from the waiver wire after I dropped him. I regret this heheheh. The replacement is Kyle Pitts. The Hawks have a very bad quarterback who will not pass the ball to him.
978  Economy / Speculation / Re: Michael Saylor predicts Bitcoin can go to $5 million? on: October 06, 2023, 04:39:16 AM
I am in agreement to the people who are skeptical on Michael Saylor Moon's $5 million prediction. However, do you know what might be a funny speculation? There were unconfirmed rumors that Michael Saylor Moon promised to advertise bitcoin on the Las Vegas sphere. If he does this on a bull market after another big pump to another all time high, I speculate that bitcoin might have a big dump after this, very much similar when Elon went to Saturday Night Live to advertise crypto.

979  Alternate cryptocurrencies / Altcoin Discussion / Re: Polygon welcomes Google Cloud as a validator on: October 06, 2023, 03:07:11 AM
@Husires. However, to become a validator the node should take some tokens. This news clearly implies that Google Cloud has bought some tokens and they might be testing Polygon as a platform. This might not be something similar to Elon where he declares something and pumps the coin only to dump later very much similar to what he has done to bitcoin.

But @edmundduke has reminded the skeptical me that this news might only be similar to the partnerships that we have witnessed before hehehe. Google Cloud's participation on Polygon as a validator might only be someone in the office who is using an office computer to run a node hehehehehee.
980  Economy / Service Discussion / Re: PayPal Just Announced Plans to Launch a USD Stablecoin - Thoughts? on: October 06, 2023, 02:29:36 AM
I am surprised that no one has pointed out the fundamental economic flaw with this concept.

If the USD is backed by nothing but faith, confidence, and (arguably) oil....and PayPal is backed by USD... Then what isn't this technically just shit backed by shit?

It's good for cryoto, if it enables people to move from PayPalUSD to cryptocurrency with no limitation. However, limitation is the biggest problem with PayPal. I doubt movement between crypto and PayPal's stablecoin will be seamless or limitless.

The main reason PayPal is doing this is for database integrity via the blockchain ledger, making all payments traceable while reducing the liability and costs involved with the amount of data they process daily. There will probably be a massive scalability boost if the blockchain they use has a reasonable TPS....

Though that's another question. If PayPal is going to make all balances backed by its stablecoin eventually, what chain will it be deployed on and can it keep up with PayPal's TPS?

[1] The USD is backed by the credit of the American government and America's military as what was shown when Saddam Hussien declared that Iraq will begin using the Euro for oil trades. They were invaded only 1 month after this declaration.

[2] Also, many people in the bitcoin community say that the dollar is shit, however, in what currency do we price bitcoin? What are the proposals and how to price bitcoin away from shit?

[3] You also mention that Paypal's stablecoin will be good for the cryptospace if it can be moved in the cryptospace without limtation? According to your words, it is shit. Why would you want more shit in the cryptospace?

Credit is shit. Military is where all the money went, and why the gold standard was eventually abolished. The invasion of Saddam Hussein is only one of many war crimes that the US have committed with the power they have amassed via the fiat money scam.

What better opponent to give Bitcoin than the once unopposed, all powerful reserve currency of the world? As Bitcoin has grown, USD has lost its power. As BTC continues to grow, USD will continue to lose its power. That is what the price truly reflects.

When you convert or redeem PaypalUSD you are able to convert shit to Bitcoin. Just like you can convert USD to BTC. If it's possible, it's another funnel of demand for Bitcoin.

You said that stablecoins are shit backed by American dollars which is also shit. Bitcoin's price is based on dollars and also backed by dollars. The market cannot exist without dollars. Does this imply that bitcoin is also backed by shit also?

You also said that you wish to witness Paypal's stablecoin would make it easier for inflows into bitcoin. This clearly implies a possbility of a pump that might become a bubble if this occurs. However, what would happen if people want to dump their bitcoin because they want dollars?

I will not be a hypocrite and tell everyone that I do not want to witness a big pump on bitcoin, however, mixing idealism with our speculative investments and having a position that say we are better, the other coins have no right to continue might not be a very good position to have.

However, I agree on the argument on stablecoins. I have always speculated that they might have fractionalized already. If the speculation is correct then stablecoins are fractionalized currencies backed by fractionalized currencies hehehehe.
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