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101  Economy / Gambling / Re: Another New Rule On Gambling Adverts Ban Celebrities and Sports Stars on: April 16, 2022, 09:10:23 PM
Is it just in the UK?

There are plenty of other jurisdictions where this is completely legal, for better or for worse.

But at the end of the day I think banning these sort of influencers from dabbling in gambling ads would be counterproductive - you need to regulate it positively. Just think about the other (often shady) ways that advertisements will soon pop up, for instance youtube influencers getting sponsorship deals & house money to play with.

Yes, it is in the UK ....

I wonder what will now happen with Watford in the Premier league, because they are sponsored by Stake.com? Does this only apply to individuals and teams... or only individuals?

I can see why they are doing this, but it will not help if they are only doing it in the UK. There are millions of underage kids in the UK that are watching other Sports that are sponsored by casinos and gambling. (UFC / Baseball / Basketball ....etc)  Roll Eyes

Exactly lol. And you've also got celebrities who are not directly affiliated but rather promote the casinos in some other way.

I don't necessarily agree with how this is carried out, I think the scope is way too narrow to be effective and they probably should just do without this.

It seems like a very wishful request to think that the industry will just die down as a result of these marketing restrictions.
102  Economy / Gambling / Re: Freebitcoin.in on: April 15, 2022, 10:50:23 PM
I would strongly recommend you stay away from that site.

You can get much better odds on dice (which is essentially a game where you bet on RNG numbers being below or above a certain threshold) - their house edge of 5% is definitely not industry standard and is designed to hook newbies on really crappy odds.

If you just want the faucet mechanism then go ahead with it. You just roll and hope you get a high number.
103  Economy / Gambling discussion / Re: Token Based Casino In Market Aggregator on: April 15, 2022, 08:54:44 PM
I think that the problem with a lot of these token based casinos is that the tokens only exist to benefit the people running the site.

A lot of the times, the company starts out well but then slowly regress into its infancy as they ICO, and then just take the money and run.

E.g. BitDice springs to mind - its CSNO token holders are now left in the dark. It's really a shame because they used to be a fun place to play at.
104  Economy / Gambling / Re: www.PlayCrash.Com | CRASH CASINO | 24/7 SUPPORT | NEWEST KID ON THE BLOCK |BONUS on: April 14, 2022, 12:05:38 AM
Hello, and welcome to the forum!

I do like how your site is put together, I think it has a lot of flare.

However, I think that there is significant overlap between your offerings and other competitors (e.g. BetFury comes to mind). My suggestion would be to look into expanding your game offerings and/or integrating more third party providers to make sure you've got that variety of games available. Best of luck with your project!
105  Economy / Speculation / Re: A Little Surprised! on: April 13, 2022, 10:40:29 AM
I was honestly expecting Bitcoin to hit $50,000 soon. That didn't happen. It shouldn't have been surprising but because of big news like Terra's gradual purchase of at least 10 billion dollars of Bitcoin for its UST stablecoin, MicroStrategy's additional purchase of thousands of Bitcoin, etc, I was expecting that Bitcoin's price would somehow react positively.

And now that the Miami Bitcoin conference is currently happening with huge Bitcoin adoption surprises such as Shopify's adoption of Bitcoin lightning payments, the price is falling even more. Things are generally positive lately. There is also the news of the partnership of Jack Dorsey's Block, Adam Back's Blockstream, and Elon's Tesla for a 100% solar-powered Bitcoin mining project. And then there's Robinhood's integration of the Lightning Network.

These and many more good news, and yet the price is falling to $42,000?

Look, the market is not just dependent on bitcoin news for its movements.

The macro outlook is grim with high inflation and rising interest rates expected on the horizon - which is why people are pulling out of risk-on assets. Bitcoin just got caught in this headwind.

I honestly am not sure why people are overreacting so much to it since Bitcoin is literally the best inflation hedge you can ask for, though. Oh well, buying opportunity presents itself.
106  Economy / Gambling discussion / Re: 2022 NBA Season on: April 13, 2022, 10:07:42 AM
The fact that they already fired Frank Vogel then I assume that they are already eyeing someone else to do the vacant job. The Lakers management have those money to hire coaches again but the question is, does this new future head coach can give them the goal they want? We'll see about that soon. It's just sad for me to think that after Frank Vogel gave them a championship title last 2020, he will be just fired just like that without getting informed before it was leaked.

I don't think anyone would want to even volunteer for that job.

It's just too much mental stress, too much media attention. You get a championship and you don't get any flowers, all you get is hate and get scapegoated.

Frank Vogel was not the problem and I think other teams will snatch him up very, very soon. As Charles Barkley said, the problem is in the age of the players that the Lakers have assembled - they are simply too old.
107  Economy / Gambling / Re: Online casino. What's the reliability of the technology? on: April 12, 2022, 08:19:51 PM
I wouldn't trust the slots as much as I trust provably fair games.

For provably fair games you can essentially be sure of the fact that you are getting a fair outcome and the house edge is what the casino claims it to be.

However, with slots that are provided by a third party that have no verification mechanics inbuilt, it's a lot more difficult. If you go with the big names (e.g. Pragmatic, NetEnt etc.) you should be reasonably okay though.
108  Economy / Gambling discussion / Re: Your NBA Champion this season? on: April 12, 2022, 08:09:02 PM
Personally I'd go with the favourites - the Suns.

There is a reason why they have the best odds out of everyone. They have a well founded system which works really well, a great head coach, and veteran leadership in the form of Chris Paul. That said they are still extremely young. There is not much more you can ask for from a team.

However it's hard to bet against the defending champs as always. Bucks will have a good chance of coming out of the ECF but I don't think that they will repeat.
109  Alternate cryptocurrencies / Altcoin Discussion / How does whitelisting work for NFT projects? on: April 12, 2022, 08:03:02 PM
Just curious about this since I've seen it thrown around a lot.

Why is whitelisting important for a NFT offering and why are people so desperate for it to the point that they are willing to pay money to get Whitelisted? What is it from the issuer's perspective that drives this necessity?

Thanks in advance!

magneto
110  Economy / Gambling / Re: Profits from gambling with crypto (UK tax question) on: April 11, 2022, 05:14:06 AM
Hi,

In the tax year just gone I have made around £40,000 via gambling on crypto betting websites. £30,000 of this I have converted into GBP and withdrawn from my crypto wallet to my bank account.

Two questions:

1) Do I need to pay any CGT on this (my profits from the general appreciation of crypto is minimal - less than £500)

2) If I don’t need to pay tax due it being gambling winnings rather than crypto profit, how do I prove this. A lot of my betting accounts have been closed (and therefore I cannot login to them) thus making it hard for me to prove to HMRC that my transactions have come from gambling winnings.

Thanks

I'm guessing that you would need to declare the CGT from any appreciation of the crypto/forex.

I do not believe that you would need to pay any tax on the winnings themselves.

Either way, asking for tax advice on a community forum is probably a dumb thing to do. Congratulations on your wins, and I think that the size of them should warrant you a good tax accountant to work with to sort this out proper.
111  Economy / Gambling / Re: RTP Rates in Crypto Casinos (The list and the infographic) on: April 10, 2022, 08:22:00 PM
The moral that should come out of this infographic is that slots, no matter how good they are, ultimately are still extremely crappy RTP wise.

If you are purely chasing RTP you should definitely play a game like dice or blackjack and I think that there is no debate about that. The minimum house edge that I've seen on slot games is 1%+ and that's akin to playing a really bad game of blackjack.

Sure, if you enjoy slots definitely go for it. However, be cognizant that RTP is necessarily low because of developmental costs of the game.
112  Economy / Gambling / Re: ✅ SicoDice.com ⭐ High Faucet ⭐ Deposit Bonuses ⭐ Daily Contests ✅ ⭐⭐⭐ on: April 10, 2022, 01:54:27 AM
Welcome to the forum.

Definitely somewhat sketched out by the fact that there was a leak back in 2018 for the database of your website - not a great look on the security side.

But I did sign up and tested the faucets out. Site looks good overall but definitely could do with some improvements to the UI. Faucet is very competitive given the high BTC price and if withdrawals weren't an issue I think people would genuinely be able to cash out quite often.
113  Economy / Invites & Accounts / Re: Buying old primedice /stake/ wolf.bet. accounts registered before 2019. on: April 10, 2022, 01:41:45 AM
May have personal PD/stake accounts available - but what exactly do you need this for?

Not going to sell if it's for malicious/fraudulent purposes.

Also what price are we looking at here?
114  Economy / Invites & Accounts / Re: YouTube Music | YouTube Premium | Upgrade Service [No Need Google ID Password] on: April 10, 2022, 01:34:32 AM
How do these work?

Are you able to upgrade existing google accounts to premium or does it have to be an account that you supply?

I've heard that using VPNs to India/Argentina would be able to get you a good deal on yt prem accounts - is there any benefit of buying from you rather than doing that yourself?
115  Economy / Economics / Re: Nigeria Economy before and Now after cryptocurrency Ban. on: April 10, 2022, 01:23:38 AM
Before the ban on crypto trading in Nigeria it was as if the high volume of cryptocurrency transactions in the country was the major issue facing Naira at that moment and being the cause of its depreciation in price and so have a negative impact to the Economy. As at then the exchange rate Naira to Dollar was around #400-#500 to a $1 dollar.
Before the ban living were a bit easier then than now for most youths without jobs who engaged on crypto trading and investment.
Then the ban came and brought more suffering and hardship to the youths who was restricted from crypto transactions because to most of them, it was only source of income and they were leveraging from that opportunity due to in availability of job for already graduated and fresh graduating youths.

Taking a look at the Economy then and now there isn't much better changes done to the Economy for banning cryptocurrency transaction, rather the Economy is experiencing high inflation and the price of goods and services are skyrocketing.
Instead of the Naira to even gain value it has suffered further depreciation in price and as at the time of writing, the exachange rate a dollar ($1) to Naira is currently around #580-#600 black market rate compared to what it was before the ban.

SOLUTION
therefore what the Federal Government and central Bank of Nigeria should have done is find a way to regulate cryptocurrency and it activities, this would have created more Job opportunities and help bolster international remittance from profits generated from crypto investment and transaction.

In general I see no sense or positive impact on Nigeria Economy for  banning crypto transaction,  rather it worsen the state of living for the youths who found thier selves in the business.

Definitely no reason to be banning crypto.

It's not going to stop the depreciation of a faltering fiat currency, that's for sure. And I'm not exactly sure how they plan on enforcing these rules on P2P transactions which are obviously going to occur in spite of regulations.

Perhaps if they positioned themselves a bit more positively towards crypto it'll actually help with their efforts of economic recovery. Have some incentives for quality talent and crypto companies to come to Nigeria - that's the model that Malta/Singapore etc. followed to perfection.
116  Economy / Gambling / Re: Another New Rule On Gambling Adverts Ban Celebrities and Sports Stars on: April 10, 2022, 01:12:04 AM
Is it just in the UK?

There are plenty of other jurisdictions where this is completely legal, for better or for worse.

But at the end of the day I think banning these sort of influencers from dabbling in gambling ads would be counterproductive - you need to regulate it positively. Just think about the other (often shady) ways that advertisements will soon pop up, for instance youtube influencers getting sponsorship deals & house money to play with.
117  Economy / Gambling discussion / Re: High Rollers on: April 10, 2022, 12:42:07 AM
Crazy stuff. And probably only Stake has the capacity to bankroll this sort of bet consistently...

There used to be a lot more 20 BTC bets I remember from the early days of PrimeDice, and Just-Dice would even occasionally get triple digit bettors (one of whom was playing with an exploit IIRC). But that was ages ago when BTC was worth peanuts.

Just shows you how mainstream crypto gambling really is nowadays, that these millionaires are willing to try it out.
118  Economy / Goods / Re: Gold from Africa on: April 09, 2022, 08:02:21 PM
Interesting story... I traveled to Ghana for work about 1 year ago. I asked around and it is actually quite possible to buy gold below spot.  Yes even 15% below spot.  However, this runs into some issues: 

#1 I am an American and would have to declare any purchase above a certain dollar amount.  I don't mind this, but the duty will quickly eat up some of the cost savings.  The guy I was talking to said I could make it into jewelry and then not declare (which is technically illegal, but I guess harder to get caught).

#2 The guys that offer a good discount want to move a large amount of gold (1 Kilo).

#3 I would venture a guess that the ones doing this are mining illegally in their country.  From what I read, China is doing a lot of illegal mining in some countries with the government looking the other way (80% of my flight from Egypt to Ghana was made up of Chinese visitors).  Additionally, state permitted mines likely have a good source to sell the gold to.  I suspect the ones looking to foreigners to sell to are trying to bypass some regulation/taxes, etc.  I even believe some countries put restrictions in gold outflow.

Finally, it could be a scam for sure.  However, even if not a scam, I would be cautious, as I said I looked into it while in Ghana and felt there was too much risk and people not playing by the rules, etc.

If anyone is seriously interested in buying from Africa, do a lot of research before sending any money.



Yeah, there has to be some sort of catch to it.

To me OP is likely trying to outright scam - these dealings seem to happen quite locally and if they could ship the gold freely across the world then there is virtually no need for anyone to be selling this at a discount.

For anyone interested, you should go into the deal with the expectation you are dealing with a conman. It's too fishy to be true imho.
119  Economy / Economics / Re: WTF? Food prices expected to raise up to 50% in German supermarket. on: April 09, 2022, 10:46:06 AM
Wow. This is wild, wild stuff.

However, it is entirely expected. The traditional model of central banking simply does not work when it comes to supply chain shortages and sudden upswings in prices.

They have spent the past decade fighting deflation, only to realise way too late that they probably should have hiked interest rates a lot sooner instead of going into the negatives.
120  Alternate cryptocurrencies / Altcoin Discussion / Re: Merge all the stable coin into one. on: April 09, 2022, 10:13:50 AM
There are many stable coins in the market with a different name. The only difference between them is the blockchain they use and the assets they collateral. Stable coins are usually backed by fiat currency, commodities, crypto assets, and Seigniorage but they all have the same purpose. Recently terra announced a stable coin backed by bitcoin and rumors spread that near protocol is going to issue another stable coin. My question is why do we need so many stable coins when they all serve the same purpose?

What I saw from the market is they are trying to overthrow one another from the top position. The total stable coin supply is $180 billion. Is it possible to merge all these coins into one universal crypto stablecoin so that users do not need to switch between these stable coins again and again?

But who's going to do it?

Wouldn't this centralise an already centralised system even further?

There are simply too many questions that are unanswered in my opinion for this to work out. People can and should be able to create their own stablecoins wherever they see fit - especially when it comes to cross-chain compatibility. You simply can't have native UST on the NEAR protocol, for instance.
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