It doesn't look like losing faith on banks to me. People are simply applying the lessons on savings and one of which is to have funds to use in cases of emergencies.

Like what others are saying, people are losing jobs that's why most have no choice but to take out their money to buy necessities or to use it as capital. It's not that they want to be their own bank, most are just desperate to find another source of income to sustain their needs. You already pointed out money flowing into bitcoin and gold, there's also a massive increase in number of online businesses. You see all sorts of products from food, clothes, masks, face shields and other stuffs that are being sold/offered in various social media platforms.

Once things get back to the old normal and people going back to their jobs, money will most likely flow back to the banks.

As it stands

Still hanging (below 8th place Grizzlies):
Blazers - .5 game behind
Spurs - 1 game behind
Suns - 1.5 game behind

Eliminated:
Pelicans
Kings

Zion can't do it all after all. He did well but getting eliminated early probably does more good than harm to him as he can start shredding those extra pounds before next season starts. He needs it.

JJ Redick's 13 year playoff streak has ended too. Not that important but it's still impressive. I remember Zion telling the press before the season that JJ told him not to mess up his streak
Who holds the longest playoff streak by the way?

This will be the 14th consecutive season that Kings missed the playoff. It's a long time rebuilding for this organization. I guess they can no longer replicate the success they once had with Chris, Mike, Peja, Vlade. That team used to give the likes of Lakers and Spurs real headaches.

I don't think that's the case. OP's account has been around since 2017. If you look at his post history, you'll see another gambling review website which is still active today and the layout also looks the same - https://bitcoin.casino/ (ANN)


gambling.org - covers fiat casinos
bitcoin.casino - covers crypto casinos

It's a possibility. It's no secret that there are paid reviews out there.

---

@bedroid What are the steps before you review a certain casino? Do you accept request/s from followers or you just decide on your own?

Exactly. They act as custodian but uses depositor's money to make more money. The only money that sits there are the "reserves" which probably accounts for a few percent of the total amount deposited. The better comparison would have been rich people's money sitting on their personal vault instead of depositing in banks.

Like what @davis196 said, fiat inflates because governments can print money out of thin air. If people hoards bills, that will only force government to print sooner than expected.

Rich people spending more won't necessarily make poor people become rich. What could possibly happen is that a country's economy could be more robust because of the increased consumption.

Let's try to illustrate the flow:

• Rich person constantly buys stuffs from the store of a middle class...
• Store owner makes profit which helps him keeps his business for long term and pay its employees...
• Employees continues to enjoy their salary which they use to buy their needs and wants from businesses owned by that rich person...

Can you see what I mean from the illustration?

Rich people can spend as many as they want but none of them would want to go bankrupt. I just don't see them splurging without thinking of ways to earn them back in two or even three folds.

The better solution would be to educate the poor people how to eradicate the problems which you enumerated here:



 

RESULTS:
Derrick Lewis def. Aleksei Oleinik via second-round TKO (punches)
Chris Weidman def. Omari Akhmedov via unanimous decision (29-27, 29-27, 29-28)
Darren Stewart def. Maki Pitolo via first-round submission (guillotine)
Yana Kunitskaya def. Julija Stoliarenko via unanimous decision (30-26, 30-27, 30-27)
Beneil Dariush def. Scott Holtzman via first-round knockout (punch)
Tim Means def. Laureano Staropoli via unanimous decision (30-27, 29-28, 29-28)
Kevin Holland def. Joaquin Buckley via third-round knockout (punch)
Nasrat Haqparast def. Alexander Munoz via unanimous decision (30-27, 30-27, 30-27)
Andrew Sanchez def. Wellington Turman via first-round TKO (punches)
Gavin Tucker def. Justin Jaynes via third-round submission (rear naked choke)
Youssef Zalal def. Peter Barrett via unanimous decision (30-26, 30-26, 30-27)
Irwin Rivera def. Ali Al Qaisi via split decision (29-28, 29-28, 28-29)
(source)

With his TKO win, Derrick Lewis now holds the UFC record for most KO in heavyweight (11). He was a bit lucky to have survived the submission attempts by Aleksei Oleinik late in round 1.

Criticisms were once again thrown at referee Herb Dean for allegedly stopping the fight a little to late. What's your view on that? I thought it was a fair stoppage.

Good on Weidman to snap out of his losing record. Need to work on gas tank though.

bitcoin chart doesn't agree. BTC price soared to $12K recently after being held at $9K for many weeks but the economy in most, if not all, countries is still down due to the pandemic.

This doesn't sound right. If investors decide to move away from bitcoin causing a major sell off and transfer their money to other markets, that doesn't mean the economy is going to collapse.

Case update:

Nabalitaan ng NBI na may namatay na kapangalan ng former executive ng Wirecard (Christopher Reinhard Bauer). Sa ngayon may sub-poena na ang mga ilang opisyal sa Paranaque para ma-verify kung siya ngayun. Si Mr. Bauer ay isa sa mga iniimbestigahan sa ongoing na kaso ng Wirecard.

NBI summons Parañaque execs for docs on 'death' of Wirecard exec

RE: BSP Printing more banknotes during pandemic

I can't find any article that supports that. What I only found is that they recently upgraded the designs of the new peso bills but I read a proposal from a group of economist that printing more bills at this time would be beneficial if they could lend it out to small and medium businesses. That's probably a better option than using it to pay off debts or just giving it for social amelioration programs. If BSP hasn't done it yet, they should probably reconsider especially now that the Philippine economy is in technical recession. The added two-week lockdown in NCR this August also stiffles the current measures for economic recovery.

Government measures so far in raising cash that I'm aware of:

1. More Taxes - The online business industry have been shocked with recent announcements from the BIR. I've also read more tax proposals being discussed in Congress.

2. Issuing Treasury Bonds - The Bureau Of Treasury recently sold five-year Retail Treasury Bonds which lasted for two weeks. They were able to raise Php516.3 billion (source).

3. "Sold" securities to BSP - The Bureau of Treasury (BTr) sold Government securities under a repurchase agreement in the amount of Php 300 billion with a maximum repayment period of 6 months (source).

4. Business stimulus packages - These are still pending in Congress but if approved, it'll help generate more revenue as businesses would likely take advantage of these incentives. The problem is if smaller establishments still have the money to restart and that's where bank loans are crucial. What's intriguing though is bank loans have slowed down in June according to BSP.

Mods have the option to leave a redirection message if they decide to (sample) whenever they move topics. If they don't, I don't think there's another way except to maybe remember where topics were originally posted or just keep checking your post history in case it's your own topic.
 
TryNinja's bot can detect deleted topics (parent thread) but I don't know if he's working on detecting moved topics.

Edit: I think you are talking about your own that was moved from Meta to B & H. Mod didn't leave a redirection topic and if I hadn't read that as a guest earlier, I wouldn't have known it was moved.

I can't open the link for some reason. Here's an alternative source for those of you who are looking https://news.bitcoin.com/sec-looking-to-buy-a-blockchain-forensics-tool-that-analyzes-smart-contracts/

If you read the article I shared above, it's mentioned there that SEC is indeed after this multi-billion-dollar decentralized finance (Defi) industry. They are done with ICOs/IEOs or other forms of token sales and they want to focus on the next thing in crypto which happen to be DeFi.

---

I also stumbled upon an earlier request for tools to track cryptocurrency transactions. It's not from the SEC, it's from the US Army. - US Army Requests Information on Tools to Track Cryptocurrency Transactions

Strange request. How can they be asking for easing tax on POS rewards when the IRS is silent on its treatment? When they released the 2014 tax on virtual currencies and its 2019 supplementary guidelines, POS rewards wasn't even mentioned. I've read that taxpayers are wondering whether it should be declared similar to mining income or as an interest income similar to how bank accounts earn interest. They should have asked for the proper declaration and reporting first.

As stated above, the current tax law is silent on this. Staking is similar to mining and I bet it would treated as such. Taxpayers who are staking should declare whether they do it as a "hobby" or as a "trade or business". Applicable tax is different between the two as laid out in the IRS guide (Notice 2014–21 specifically Q8 and Q9).

The logical reason I see why they proposed taxation of rewards at the point of sale (rather than at the point of receipt) is that it gives taxpayers the option to sell/trade/exchange the coin when its fair market value (in USD) goes down . Needless to say, doing such will result to lower taxes.

Perhaps these Congressmen used the word "sold" for simplicity's sake and we shouldn't get caught up with the term. IRS is clear on transactions regarding virtual currencies including cryptocurrencies.

Yep. I actually created this same topic and locked it after 7 pages of comments. I can reopen it if you want to add something.

https://bitcointalk.org/index.php?topic=5262988.msg54820266#msg54820266

Legend says there's a higher chance of acceptance if you apply without reading the title or previous posts.

Sino nagsabi sa'yo? Sportsbet support o xrp.io?

Tinanong mo ba bakit walang lumabas na destination tag sa xrp.io?


Just stick with known/established wallets.

Kung ako lang, gagamitin ko mga non-custodial wallets na kayang mag-store ng multiple cryptocurrencies kagaya ng Coinomi. Convenient para sa mga ganitong klaseng transactions at hindi naman ganun kakumplikado gamitin.

Following up on this. The result is out and its worst than anyone has expected. GDP shrank down to 16.5% for the second quarter of 2020 and that means Philippines officially entered into a recession. This is a direct result of the strict and long lockdown the Government implemented in the past months. I just want to emphasize this - Philippines was one of the earliest to impose lockdown and the latest to lift it. That means the Government prioritized the health concerns in the first two months notwithstanding its economic impact.

Previous projections are now out of the window and our economic managers revised their estimates. According to them, the country's economy is expected to shrink 5.5% this year (initial projection was 2% to 3.4% decline).

Not that I'm entirely surprised since everyone expected a further decline from Q1. The third quarter marks the period of "economic rebound" with the slow reopening of businesses but this recovery phase slowed down again with another two-week lockdown in the National Capital Region (NCR).

In response to criticisms about the Government not having a plan to handle the COVID-19 pandemic, this is not actually true. It's been there since March (start of lockdown) and its been laid down in the National Action Plan (NAP). There are four phases and we are currently in phase two.

---

I'm hoping this thread would not be derailed even more and turn into a Politics & Society type of discussion.

I'll repeat what others have said that these documents can be manipulated. Maybe the ID photos are legit people but it's possible that it's not the person you are talking to. I'm sure you've heard of personal information being leaked/stolen by hackers and sold.



OP hasn't accepted the job yet based on his post.
He is asking for help from the community to determine if the job being offered to him is fraudulent or not.

What made you conclude that he already joined the "shitty scheme"?

Is Alexander Muñoz somehow related to the retired MMA fighter Mark Muñoz?
The guy looks pretty well-rounded from the highlights I've watched.

Is this Weidman's first fight at MW after getting humiliated by Reyes in his debut at LHW
Wise move for him coming back.

@ralle14 @malcovi2

Pa-clarify naman kung loan o donation ito


^ Hindi ko pa sinama sa table.

Mukhang gusto ko na din kumuha ng "loan" na TRX ah 

Here's their explanation in case you missed it


When you to think about it, the current revenue structure is favorable to someone who is really good (and lucky) at this game. If a player keeps on winning, he won't need to top up so often. Thereby, saving from the 10% commission charged by cfights. Obviously, this is disadvantageous to a player who keeps on losing and topping up.

If they switch to charging commission for every game, a player who has a high win percentage might not like that too. Most likely, he'll pay higher than the 10% top up commission.

Anyway, I'm just trying to see the logic behind cfights' strategy. I could be wrong.

With 7 pages of comments, I think this thread has served its purpose and it's just right to lock it. Thank you for all the feedback!