First and foremost, there seems to be a flaw on your first statement. Bitcoin is definitely not better than fiat; and fiat is not better than bitcoin. Both can co-exist as they have their respective functions depending on the transactions. Since fiat is the universally accepted currency in the world, countries accept and view it as such which makes it legal. BTC, on the other hand, has some sort of regulation where other countries are constrained to prohibit or limit its transactions.

With regard to the question, BTC can be considered as a good store-of-value investment due to its inflationary value. By basing it primarily on the price history index, you will see that its price skyrocketed and increased more than 1000% of its original value.

Again if you are looking for a long-term investment, then it is highly advisable to invest in cryptocurrencies.

Unfortunately, once you are tagged as a cheater on chess tournaments, then mostly your career (in online chess) is somehow ruined. Imagine, people reaching the 2000+ rating means that they have at least devoted most of their lives honing their skills. Lots of players, unfortunately, were banned from participating into tournaments because of cheating.

I remember, there was a chess GM who frequently visited restroom breaks during his match and it was subsequently discovered that he was hiding his cellphone on his pocket, checking the engine's recommendation on which is the best move to make.

Whoah, that is somehow intriguing- offering free money in order to register for KYC. That kind of practice definitely sparks a red-flag given that they actually offer you free money in exchange for your KYC documents. Do not ever compromise your personal information and identity regardless of the value of the money being offered.

Once your identity and personal information has been compromised, these scammers will use it to their advantage to phish more information about you and your family members. While you may feel the effects of being personally compromised, your family members may be the subject of their scams which will definitely cost you more money in the end.

While maganda din kung supportado ng government natin ang cryptocurrencies, ang worry ko lang is baka mag implement sila ng batas na mas mahihirapan tayong makapag transact using BTC. Given na most ng mga exchanges ngayon ay nag rerequire ng KYC, laging tatandaan na with support and implementation comes and follows regulation.

As much as na gusto ko maging supportado ang government sa cryptocurrencies, I think okay na yung current status nito na medyo tolerated ang levels niya. I just really fear na baka maging heavily regulated to the point na mawawalan or at least restricted yung freedom natin sa pag transact ng cryptocurrencies sa bansa.

Definitely- when my local people here in the forum held a bitcointalk charity program, I was able to donate at least some of my BTC earnings from my campaign signature towards the noble cause of helping the ones in need. In addition to this, I was also able to help my friend by at least letting him borrow $1,000 worth of BTC for his hospital fees due to the unexpected death of his father.

The good thing about this is that, I never actually invested money or anything. All came from the proceeds of my campaign signatures in which I see it as a privilege for me to participate in.

I do agree with Upgrade00 that the only benefits of reaching Legendary Rank is the extra privilege of earning more BTCs in campaign signatures. However, there are also several campaign signatures that offer equal rates between Hero and Legendary ranks which somehow renders it immaterial.

Regardless, I do congratulate you OP for reaching this rank. I remember my journey when the merit system was introduced. I really thought that it would be impossible to rank up given the scarcity of sMerits but over the years of development, more merits were being circulated and more posts were merited. Now that you reached this rank, I hope your journey continues in reaching Legendary Rank!

Not that this is normal but this is what 80-90% of traders experience whenever they sell, buy, or HODL their coins. Given that the nature of trading is absolutely volatile, no one can accurately predict what the market situation would become in the following days, weeks, months, and/or years.

That is why whenever a person trades, it is essential and paramount that you develop your respective contingencies and goals in the following days. Always note the maximum tolerance you can handle before you sell your coins in a given price.

Ohh this is very interesting to hear! It felt like that the last halving happened just a few months ago. I remembered checking all of my BTCs and their value skyrocketed since I HODLed most of them. Fortunately and unfortunately, after the halving I cashed out majority of my BTCs and that taught me a valuable lesson to invest long-term and take advantage of its value.

The good thing about halving is that it takes a considerable amount of time for all of the supply of BTC to be circulated. Every halving means that the BTC in circulation would be cut down as its denominations would considerably decrease.

To give you a personal breakdown of my criteria in sending sMERITS, please keep in mind that giving out such is purely discretionary on the part of the sender. While others may have their own criteria which may be entirely different than others, there is at least some commonality as to the benchmark of sending it. Nevertheless, here is mine:

• Someone replied to my posts which further expounded the discussion on a certain topic;
• Post contained useful information about cryptocurrencies in general; and
• Scam reports which included substantial proof.

While the first two are self-explanatory, the third point is something that is beneficial to the forum. People who report scams (with substantial proof) should at least be rewarded with some merits.

OP, do you have any updates as to the current situation of your problem? I believe @Stunna has replied to your post and he/she specifically requested that you should provide KYC documents, then the case will continue to be discussed amongst yourselves.


Again, I really doubt that a well-reputable gambling site such as Stake would risk their entire reputation in an isolated case alone. They have build this gambling empire over years of grinding their trust and I doubt that they would also leave this problem unheard. I hope everything goes well to your problem, OP.

*Just a quick side note- please keep everyone updated as to your current problems for proper transparency.

There are multiple ways for you to start your journey into the cryptocurrency world and every single mechanism has their advantages/disadvantages depending on what is comfortable to you. For example, with that amount of weekly income, you can purchase at least $5 worth of BTC every week and invest them long-term (HODLing) in order to maximize its value in the future.

Another example would be purchasing again BTCs and trade them in the market if you have the necessary experience to do so. Though I would advise against gambling since the nature of such process is too risky for a beginner.

Regardless if it shows some rought estimate, we cannot deny the fact that the growth of cryptocurrencies has been steadily growing over the past few years. Remember when its price was so relatively small that people owned at least some in the past? Remember the story of the guy who bought pizzas in exchange for 10,000 BTCs? Those are just some of the examples on why cryptocurrencies is slowly becoming the future of our transactions.

Eventually, we will see its implementation and integration of cryptocurrencies in our payment system. The government will soon accept it and provide laws in order to have an harmonious conglomeration of fiat and cryptocurrencies in our transaction system.

I think this war started by Putin is a testament to the whole world that he has the capacity and authority to discharge its troops whenever he sees it necessary. This kind of hegemonic attitude is what attributed him the title of "war criminal" by Biden since he also violated most of the provisions stated in the Articles of War. In all honesty, it is only a matter of time where his own troops and people would turn against him- resulting to a possibility of strikes and hopefully (?!) his impeachment.

Like what I also mentioned to my previous posts regarding this war, Ukraine is probably the secondary objective of Russia (Putin). If he manages to capture such country, who knows what his next move would be?

I just really hope na yung fees niya ay hindi kasing taas ng fees na binibigay ni coins.ph. Yun lang yung isa sa mga problems ko kasi they intentionally lower the prices of buying/selling your BTCs to the point na medyo lugi nga. If GCash manages a way to at least compromise and have lower fees, then this would be the new wallet for everyone given na sobrang dami din options and payment methods para makapag cash-in.

Siguro ang worry ko lang dito is that kung magkakaroon ng cryptocurrencies sa gcash, most likely panibang KYC documents nanaman need i-pass (like yung enhanced KYC ni coins.ph) and baka medyo mawalan ng gana mga tao dito.

I think it is the same concept where you borrow money and gamble it away from online/physical casinos- there is no absolute guarantee of profiting on your end.

It is up to you to decide which risks outweigh your decision. If you think that by borrowing money and investing you would be able to yield some profit, then feel free to do so. But remember that once you borrow money, you are under the obligation to return it on the agreed specified period. In the event that the period has already been elapsed and your borrowed money still has not yet matured, then you would just suffer the consequences and embrace the loss on it.

I severely disagree with your first statement.

First, high-level tournaments contain super GMs who does not use any engines at all. While we may argue that they may have the possibility of using so, they are strictly monitored with their respective PCs in order to avoid such cheating. In addition, these super GMs would not want to use any engine as they are the engines themselves. In the event that they actually use one, then they would just put their whole career into jeopardy and waste all of their efforts building their ratings on the ladder.

Again, betting in chess is just as fun as betting into other sports. I just hope that people would see the potential of this sport exploding in the near future.

Yup this is true- it is better late than ever regardless if nahuli na si coins.ph sa pag-implement ng SLP dito sa kanilang system. Naalala ko, sobrang hassle pa ng process dati kasi yung mga kaibigan ko dinadaan pa nila sa binance tapos cinoconvert pa tnila to WETH before they could cash out their SLPs. Given na mostly bagsak din ang price nito sa market, I have a feeling na mas madaming tao ang mag ttry and papasok sa Axie ngayon.

Though I heard na baka daw magkaroon ng panibagong burning mechanism sa Axie, I still have some doubts if worth it pa ba mag pasok ng pera at mag simula ng panibagong team.

Unfortunately, lots of people nowadays blindly create accounts without even reading the TOS of the gambling website. This step is crucial especially if you are planning on gambling long-term on the website as your acts might be against their stated rules. Such TOS is constructive notice to all gamblers whether they have read it or not and enforcing their claim which is prohibited by the TOS will remain futile.

Like you guys mentioned, Stake will not punish anyone arbitrarily. There has to be some due process before they arrive at such decision and the fact that they banned your account means you have violated their stated rules on their website.

Like what I mentioned to similar posts like these, the move that El Salvador did will definitely cause a chain reaction where other countries would soon follow this trend. It is just inevitable the dominance of cryptocurrencies in the market. Sooner and later, countries would start to adapt it into their finances to the point that they would slowly integrate it into their transactions.

The fact that the Malaysian Ministry proposed such idea speaks a lot about the future of cryptocurrencies in our payment and transactions. I just hope that more countries would soon follow this step as this is indeed the future of our payments.

I definitely feel you. These exhibition fights are totally appalling in a way that they do not show the true spirit of boxing. While I do understand that this will be very profitable in a business perspective, but this will not be as enjoyable compared to two genuine boxers fight each other in the ring.

To be honest, who the hell is Jake Paul and his relevance in boxing? While McGregor has experience in UFC and has fought Mayweather in an exhibition fight before, he at least has experience on how to step-up in the ring. This just goes to show on how boxing has been portrayed in the current timeline- which is unfortunate to witness.