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This article explains the huge potential of gambling and cryptos: National Economics, Gambling and Cryptocurrency: A Perfect Storm? https://www.coindesk.com/national-economics-gambling-cryptocurrency-perfect-storm/While gambling with cryptocurrencies has been around since the early days of bitcoin (and is expected to grow strongly as customers get more comfortable with the concept), an interesting twist appears to be emerging from platform tokens.
Combine these trends with national legislation and economic strategy, and you begin to see a fundamental shift that has the potential to transform a massive segment of the leisure economy. eSports betting platform Unikrn got an online gambling license from Malta. This enables it to offer real-money betting to most of Europe, and token-based betting to the rest.
What makes this noteworthy is the platform’s new crypto token. A couple of years ago, the company created a platform-only digital token to enable users to place bets on the outcomes of games such as League of Legends. The new version, however, will run on the ethereum blockchain.
This means that it can be traded between players, sold on an exchange and converted to fiat money in many jurisdictions. It also points to the emergence of a community of developers that in theory could extend its utility by creating additional apps and add-ons. (This is similar to what we can to do.) While this is interesting for eSports betting sites such as Unikrn, it could be especially compelling for other cryptocurrency startups. |
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National Economics, Gambling and Cryptocurrency: A Perfect Storm? https://www.coindesk.com/national-economics-gambling-cryptocurrency-perfect-storm/While gambling with cryptocurrencies has been around since the early days of bitcoin (and is expected to grow strongly as customers get more comfortable with the concept), an interesting twist appears to be emerging from platform tokens.
Combine these trends with national legislation and economic strategy, and you begin to see a fundamental shift that has the potential to transform a massive segment of the leisure economy. eSports betting platform Unikrn got an online gambling license from Malta. This enables it to offer real-money betting to most of Europe, and token-based betting to the rest.
What makes this noteworthy is the platform’s new crypto token. A couple of years ago, the company created a platform-only digital token to enable users to place bets on the outcomes of games such as League of Legends. The new version, however, will run on the ethereum blockchain.
This means that it can be traded between players, sold on an exchange and converted to fiat money in many jurisdictions. It also points to the emergence of a community of developers that in theory could extend its utility by creating additional apps and add-ons. (This is similar to what we can do.) While this is interesting for eSports betting sites such as Unikrn, it could be especially compelling for other cryptocurrency startups. |
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It could be about the IRS, Federal Reserve, Scotland Yard, MI6 and the FBI searching, investigating and going around the world, trying to track down Satoshi. They come across Craig Wright and other imposters. They find a Satoshi Nakamoto in California and demand that he confesses. It turns out that this is the wrong Satoshi. There are car chases, only to catch criminals mistaken for Satoshi.
We walk into the NSA data center with a group of programmers. In front of big screens with scrolling code, they talk about new algorithms that they developed for their new quantum computer, which will try to geo-locate Satoshi's public addresses. One programmer says: "This is the most hash power ever executed by a supercomputer any where in the world" Behind them, we see a huge room with multiple rows of computers. We can hear a loud hum from the heat fans. Another programmer walks over to the wall and turns the air conditioning to maximum. A superior says: "We got congress to give us $2 billion to catch him. If his doesn't work, you're all going back to writing iOS apps for kids."
At the end of the movie, the investigators are standing around a hotel lobby, tired, frustrated and sharing notes. The superiors are yelling obscenities at the incompetent subordinates. Behind them, we see a man with sunglasses, seated and sipping on cognac. He is surrounded by beautiful women. It looks like a scene out of a Dos Equis commercial of the “world’s most interesting man.” He gets up nonchalantly, walks to the front of the hotel, where a bellhop drives up in a Lamborghini, gets out and hands the keys to the man.
So close, yet so far.
The man turns his head, looks back at the investigators and smirks. He gets in the Lambo and starts the engine. The camera zooms in on the keychain, which has a name tag with the initials “SN”. He drives away with a loud roar.
Fade to black.
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It could be about the IRS, Federal Reserve, Scotland Yard, MI6 and the FBI searching, investigating and going around the world, trying to track down Satoshi. They come across Craig Wright and other imposters. They find a Satoshi Nakamoto in California and demand that he confesses. It turns out that this is the wrong Satoshi. There are car chases, only to catch criminals mistaken for Satoshi.
We walk into the NSA data center with a group of programmers. In front of big screens with scrolling code, they talk about new algorithms that they developed for their new quantum computer, which will try to geo-locate Satoshi's public addresses. One programmer says: "This is the most hash power ever executed by a supercomputer any where in the world" Behind them, we see a huge room with multiple rows of computers. We can hear a loud hum from the heat fans. Another programmer walks over to the wall and turns the air conditioning to maximum. A superior says: "We got congress to give us $2 billion to catch him. If his doesn't work, you're all going back to writing iOS apps for kids."
At the end of the movie, the investigators are standing around a hotel lobby, tired, frustrated and sharing notes. The superiors are yelling obscenities at the incompetent subordinates. Behind them, we see a man with sunglasses, seated and sipping on cognac. He is surrounded by beautiful women. It looks like a scene out of a Dos Equis commercial of the “world’s most interesting man.” He gets up nonchalantly, walks to the front of the hotel, where a bellhop drives up in a Lamborghini, gets out and hands the keys to the man.
So close, yet so far.
The man turns his head, looks back at the investigators and smirks. He gets in the Lambo and starts the engine. The camera zooms in on the keychain, which has a name tag with the initials “SN”. He drives away with a loud roar.
Fade to black.
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Bitcoin is heading to $10,000, CNBC survey says https://www.cnbc.com/2017/10/20/bitcoin-price-is-heading-to-10000-cnbc-survey-says.html- The price of bitcoin could be heading to over $10,000, nearly half of respondents to a CNBC survey said
- Just over a third agreed with JPMorgan Chase CEO Jamie Dimon who said "you'll pay the price" for investing in bitcoin
- Sixteen percent of the 23,118 people who voted said bitcoin will hit between $6,000 and $8,000
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USV’s Fred Wilson Dismisses Bitcoin Crash Prediction, Explains Optimal Crypto Holdings for Investors https://www.cryptocoinsnews.com/usvs-fred-wilson-explains-how-much-each-type-of-investor-should-put-in-cryptocurrencies/a young, aggressive risk taker should get 10% of his net worth in crypto assets, while a sophisticated investor, who might not be such a risk taker, should go with 5%:
Conservative, everyday investors, who are willing to take on some risk, should go with 3%, and investors at their retirement age shouldn’t invest in cryptocurrencies. You agree? What % of your net worth is in cryptos? |
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USV’s Fred Wilson Dismisses Bitcoin Crash Prediction, Explains Optimal Crypto Holdings for Investors https://www.cryptocoinsnews.com/usvs-fred-wilson-explains-how-much-each-type-of-investor-should-put-in-cryptocurrencies/a young, aggressive risk taker should get 10% of his net worth in crypto assets, while a sophisticated investor, who might not be such a risk taker, should go with 5%:
Conservative, everyday investors, who are willing to take on some risk, should go with 3%, and investors at their retirement age shouldn’t invest in cryptocurrencies. You agree? What % of your net worth is in cryptos? |
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