Hey i found a vulnerability in a gambling website that allows you to consistently win money.
No bs. With a bot $$$ 100k a day (can prove mathematically)
The problem is i need atleast 20k.
Are there any high rep members willing to work together on this? I just ask for shares in profits.
"If it looks too good to be true, it probably is". Never has that applied more, this has trojan plastered all over it. As everyone else has stated the most obvious fact - if this person was able to generate such amounts then they would be a complete idiot to share it in a public forum and a complete idiot would not be able to figure out such an exploit, nor put together any piece of software that could take advantage of it. What they're going to do is feed you a story, a long and winding one, maybe even introduce you to a site they've set up with what looks like an obvious way to cheat it, then they are going to get you to install some software (through all sorts of methods) which is going to steal your passwords or wallets. Avoid or lose it all. |
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For those unaware, "hyperbitcoinization" means the adoption of Bitcoin at a large scale worldwide making it the standard (global) unit of account. In a "hyperbitcoinized" world, you would pay for anything using Bitcoin instead of Fiat. In the past years, Bitcoin's mainstream adoption went up at an accelerated rate. Bitcoin's ever-rising popularity made El Salvador the first country to adopt it as legal tender. As inflation increases at alarming levels, people will seek out for a solution to the problem. And what better way than ditching Fiat in favor of Bitcoin? What are your thoughts? Do you think we're close to "hyperbitcoinization"? If not, why? What will be of the world without centralized Fiat currencies? Your input will be greatly appreciated. Thank you.  No chance. Bitcoin in its current form is simple nowhere near efficient enough to cope with the sheer volume of transactions and it is power hungry compared to existing payment networks. It has also become more of a commodity, where millionaires and billionaires have bought up huge chunks simply to sit on it forever as another asset, taking vast amounts of what would otherwise be functional traded currency out of circulation. Bitcoin laid the groundwork for a very powerful idea, a decentralized and transparent payment system, but even the internet was not perfect in the first few decades of existence - many improved versions came out making the original obsolete. |
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Hello, I have been betting for a long time, and a few months ago I realized that I have problems to stop doing it.
I decided that the best way to stop was to request self-exclusion from the sites I was betting on.
I got to self-exclude myself from primedice, the problem is that after a while, I relapsed and wanted to bet again, and primedice let me create a new account, and bet again. this time, i lost 21600 xrp and a bit of some other coins
This post is not to recover my coins, (although I would like that), but to see the possibility that the sites begin to block not only the accounts, but also the IPs from which those accounts were connected.
Greetings to everybody and thanks
Honestly, many cryptocurrency based gambling sites are pretty terrible at self exclusion, so you may need to find other barriers to entry - possibly even converting any cryptocurrency you have remaining into fiat and closing any existing exchange accounts you might have, if that's how you were funding your account. You'll need to be extra strong and wary against gambling, compared to much more regulated site in the fiat money space. Crypto is still a bit of a wild west in that respect, which is tough for a gambler, but you have to try to find other forms of entertainment or other activities that will keep you preoccupied, preferably free so you don't find another money pit hobby. |
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You pretty much have 2 choices.
1. Only invest the right amounts whereas you wouldn't be forced to sell(hence get taxed) if it's the case you end up needing money. Pretty much always have enough cash ready for your needs and for accidents and such.
2. You move countries.
Anyone who had a substantial amount of money, possibly earned from earlier Bitcoin investments which allowed them to move from India, likely would have done so already. Anyone left over probably only has negligible amounts or would not be able to move anywhere reasonable with the amount they have. These sort of taxes are more likely to move the trade underground and you might even find exchanges that refuse to cooperate with the India tax authorities depending on what is a more profitable outcome. It's actually a bad move by India and they would have done better to consider it separately from income with a lower tax rate of say 5 or 10% if they really want to permit a new market - 30% is pretty greedy. |
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I am not sure that this is not a fake news, because it is in several digital media but not in any of the big ones. In any case, there is inflation all over Europe, and there will continue to be, but such a rise in supermarkets, if it materializes, should make the ECB think about what to do, since its main mission is to control inflation, and lately it had been a bit lenient with it. '.. .the German trade association said that before the Ukrainian war, prices had already risen by 5% in Germany "for the entire product line" because of rising energy costs. Moreover, "the second wave of price hikes is coming, definitely by double-digit percentages." Aldi also expects German food prices to rise by 20% to 50% in the next few weeks. According to a survey recently published by the Ifo Institute, almost all German food retail companies plan to increase prices. "Germany's food supply is guaranteed for the foreseeable next year," said the German Agricultural Organization. "But beyond that time frame, it is difficult to make predictions. "' Source: German food prices will rise sharply, Germans have to face a more impoverished life.The problem with inflation is that there is no short-term solution to it. You have to have at least a medium-term vision to fight it and it cannot be based only on withdrawing liquidity from the market as the ECB plans to do. Energy policy also plays an important role, and the solution proposed to stop depending on Russian gas is more expensive. With respect to the ECB, another problem that may be encountered is that of a catch-22 situation. After many years of giving massive amounts of drugs to the junkie, you cannot withdraw all the drugs at once, or the junkie will go cold turkey. Let's see how they do it without a major crisis. This whole situation materialized because Russia decided to invade a peaceful neighbor, that is the fact which is never going to change. Putin decided that after 2 years of a worldwide pandemic crisis, the world should be plunged into another crisis with the first major war in Europe in decades. Not only did he cut Russia off, with an economy that heavily relies on exporting resources and commodities, he crippled one of the other biggest wheat & grain exporters of the world, so Russia will be contributing the many more people starving in the world. Europe may have a contraction, but due to relatively high living standards already, it is going to pale in comparison and the richest countries will suffer the least unfortunately. |
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Is there any casino who is offering additional benefits or bonus on account of the April fool day ? I would love to see casino offering things like "100% April fool bonus only for today" or "Deposit now and get April fool bonus" etc. It may not have to be fake offers. Casino's can give us real offers on April's fool day.  Bit of a strange request really, April fool's is about pulling friendly jokes and not really some sort of day for promotions. In fact it could severely harm the reputation of an online casino if they decided to prank people with fake bonuses or anything like that. Trust is key to running a successful gambling operation, it's not really the sort of place you want to annoy your customers either and many pranks can easily be misconstrued by different people. Any sensible operation would stay well away from such jokes, because when you start to play around in an environment where people store real money it is more likely to turn people away from you if it goes wrong. |
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Bitcoin remains to be adopted by every country in the world for various reasons. Here are my thoughts on why..
1. Government policies: Most government and financial institutions round the world seem not to want bitcoin cause of the financial freedom it gives to its users. They would want to control and tax the flow of finances of individuals and they probably fear the anonymous nature of its transactions. Some policies even go as far as criminalizing its use.
2. Scammers and fraudulent practices: Scammers have found bitcoin as a safe haven cause of its transactions being anonymous. Also, terrorist groups among other sources get funded by bitcoin also cause of its anonymous nature. Fraudulent practices and transactions are made with ease wth the use of bitcoin.
3. Fluctuating value: The value of bitcoin isn't steady as it rises and falls. The uncertainty in the price and value greatly hinders the general adoption worldwide.
4. Awareness: Nearly not enough effort on creating and spreading positive awareness on it as some government and individuals alike is hell bent on spreading negativity around and poisoning the minds of prospective users. People need to be aware and understand what bitcoin is really about and be awake to its uses.
5. Information hoarding: You could get lots of information about anything on the internet including bitcoin. But the internet can be misleading to newbies cause you could get right and wrong and also misleading information on the internet. It puzzles me that people with an in depth knowledge of bitcoin would purposefully hoard and keep information to themselves. You may think people don't hoard information but in reality, people do. It irksome just thinking about it. If people could share information, newbies won't readily fall prey to scammers.
These are my thoughts on what's preventing bitcoin from being adapted worldwide.
I think you're missing one key element to all of this: the capacity of the network to process transactions at a reasonable speed. There have been vast improvements since Bitcoin was first created but all cryptocurrencies are competing with traditional payment networks like Visa or even Paypal - who are able to process transactions instantly. On top of that, it seems that the higher the popularity of Bitcoin at any particular time, the longer it takes for transactions to go through because the miner processing has limited resources which do not grow or contract quickly to meet demand. This will always be a limiting factor in a proof of work environment. |
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There is good news for people who want to learn about BlackJack. Quoted from GamblingInsider.com on this article, OnlineGambling.com provides eight seasons of video courses to help novice players to become "experts" in the game of BlackJack. This course is provided free of charge and can be watched online for those who want to dive into Mathieu Blake's BlackJack game. The BlackJack players may know who Mathieu Blake is known as Mr. BlackJack. He will guide players from beginners to experts in his videos. Do you often watch videos like this to improve your skills in playing BlackJack or other card games? Or do you feel so confident in your abilities that you don't need such video courses? Here is the link to the video course https://www.onlinegambling.com/blackjack/academy/course-plan/Maybe there are many videos like the video above that we can watch to become a pro in BlackJack. Thanks for sharing, it's a fairly straight forward game but it's surprising how few people will know how to maximize their odds when hitting a blackjack table in the casino. It's always worth learning the basics of these games, as you never know when it'll come in handy and maybe impress the right person. There are plenty of guides out there already, but people can learn in many different ways and sometimes you need to experiment with authors. I wonder if it delves into the realms of card counting, although that has gotten increasingly difficult with all the obstacles that casinos put in the way and the fact you're likely to get banned quickly once detected. |
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A new economic system is coming to the world and that system will not be dominated by the West. Russian Security Council Deputy Chairman Dmitry Medvedev (former Russian president) said in an interview with Russian media yesterday. Medvedev said: "Hellish sanctions imposed on Russia by the United States, the EU, and their allies in the Ukraine conflict have failed to cripple Russia. Now, these sanctions are coming back to the West.
"As the West continues its futile efforts to corner Russia, the world is slowly moving towards a new global economic relationship. We are moving towards improving the financial system ', he added.
"Confidence in the reserve currency is fading like a morning mist and the prospect of the dollar and the euro leaving does not seem unrealistic now," Medvedev said. High inflation rates weaken USD dominance for sure but are it really possible to replace USD as a reserve currency or the USA will allow that so easily? The era of regional currency is coming? It might be your dream, but in reality it will end up a nightmare. Countries in Europe and places like America are definitely not perfect, but at least the people have a real ability to change the course of their future. Russia's economy, stunted as it is by such a hopeless form of authoritarian government, is always built on sand. China is much the same - everybody trying to climb the party ladder but the average person on the street having near zero influence. The reason countries like America prosper is it breeds creativity, people are not as scared of offending somebody with political power and there is much less corruption. Corruption can eat away at the very fabric of a society and it is prevalent in any authoritarian state. These countries might look powerful, but they have hollow hearts. |
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I frequently see these "simulated reality" games (SRI) listed together with conventional matches.  As gambler I can think of a lot of questions... Are these trusted services? Is the result already foreseen before a match or is it managed according to the bets? Is there a single provider of these encounters or are there multiple services that provide this series of matches? What is your opinion? It seems like technology has come a long way in the last few years, so there is a lot of potential for games like this. There is a place in my country you can visit with a large warehouse which supplies you with virtual / augmented reality headsets and you can move around a physical location while "shooting" virtual enemies. What is really needed is a system which can allow you to stay in one place but feel the effects of moving around so it syncs up with what you're seeing, but these seem to be in the early stages or cost a lot of money. It could even be used for all sorts of training down the line and it might even get rather scary with some games because VR projections can be super high definition. |
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The dream of every successful businessman or woman is to have a good successor. you can not be in the light in which bitcoin has brought you to and allow your children to suffer because you failed to teach them the secret behind your wealth. Let your kids know that bitcoin is the surest way to financial freedom, teach them now that bitcoin is of more value than fiat currency, educate them about the importance of bitcoin to mankind, let them know that bitcoin has changed the economy of countries who saw the light in it and adopted it as a means of doing transactions.
Now that your kids are young and vibrant, be their tutor, ensure they are bitcoin oriented, save them from financial dependency, encourage them to rely on bitcoin instead of saving fiat currency that Depreciates now and then.
Our kids represent the leaders of tomorrow, let's teach them about bitcoin now that we can.
Honestly there is enough things to learn in finance before getting to cryptocurrency. I think schools are improving in this area, but they need to extend far beyond math into many other areas of life where it will be practically applied. Before leaving school, kids should be taught about things like credit cards, debt, pensions, loans, mortgages, interest rates, inflation and how the stock market really works. These subjects are often skimmed over by teachers and not treated in enough depth. It might take years for people to learn about these things outside of an education setting and many never learn them at all, but it makes a huge difference to the future trajectory of someones life. |
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It is true that economic sanctions may break the backs of many countries. The country will become poor, maybe try to be self-sufficient, if it can, it will be able to survive, but it will not be able to shout at all. However, these theories may apply to Venezuela, Iran, and North Korea. But what happens when you try to play this kind of game with superpowers?
The greatest lesson of history is that no one learns from history. The same thing that is being done with Russia today is being done with Germany. Following Germany's defeat in World War I, Germany was burdened with a huge debt burden of about 269 billion gold coins. In terms of money, it is equivalent to 1 lakh tons of gold. The sole purpose of imposing this huge debt was that France and Britain wanted Germany to break the economic deadlock and not even think of war for the next hundred years. A master plan to subdue Germany without a war.
The problem is, only the weak die in the rice without hitting the hand. If you want to kill someone who has a sword in his hand, he will snatch the rice from you.
This humiliating chapter of the Treaty of Versailles provoked widespread outrage inside Germany. The Allies were to blame for Germany's economic woes at the time, and the people were agitating. When Hit-Lar finally came to power, he completely refused to repay the loan.
This debt burden and all the degrading chapters of the 1st Treaty of Versailles led to the rise of extremism in Germany. By capitalizing on which, the national hero becomes a hit-and-run offensive. Those who pushed for the treaty rather than cripple Germany seemed to invite more rather than avoid war through the treaty. Everyone knows the history of violence in the rest of Europe.
The context is not exactly the same, but how realistic is it if the West thinks that Russia will continue to weaken the economy by quietly imposing sanctions on this huge military power? It is possible to put pressure on Russia on various issues if we have economic relations. But when Russia is left completely helpless, will they apologize to the West as helpless? It is difficult to believe that Russia will do that with such a huge military force. When the Russians turn from angry to extremist against the West over Russia's problems, there may be a repeat of what happened in Germany. Which will devastate Europe.
They concede that the attempt to economically cripple Germany at the end of World War I was suicidal, which is why German leaders were tried after World War II but no attempt was made to harm the German nation. But they want to do the same thing with Russia again. It remains to be seen whether the outcome will be the same again or not.
Outside of military force, sanctions are often the only way to attempt to influence countries but it's questionable how effective they are over the long term. At the beginning they seem to have quite an effect, as people see their living standards drop over the initial first months and years. However if we look at Iran, while they are much poorer than they might otherwise be, they have learned to live with sanctions and it might shock you to see how beautiful & modern some of their biggest cities look. We also live in a world where countries like China are willing to step in and otherwise undermine the effectiveness of such sanctions, but there also needs to be a cut off point where you accept they have not achieved them aim and that their might be bigger enemies than the one you've sanctioned. |
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A group of people are going to campaign for a change in how Bitcoin works. They will buy ads in mainstream media publications to spread some FUD about Bitcoin's proof of work. Chris Larsen, who founded his own altcoin 2012, is going to be one of the people funding this campaign: Larsen said Bitcoin’s power consumption issue could be fixed via a soft or a hard fork -- both changing the network’s code to make Bitcoin less power hungry. A soft fork would preserve Bitcoin as a single blockchain. A hard fork would split Bitcoin into two separate networks, one supporting miners and the other running different code -- perhaps Proof of Stake.
The campaign believes that about 50 key miners, crypto exchanges and core developers have the power to change Bitcoin’s code. But of course, Bitcoin will just continue independent of this campaign: Whether the campaign will work is a different story. Bitcoin miners -- earning more than $15 billion last year, according to data from The Block Research -- would have to be given incentives to switch. Shifting to Proof of Stake is technologically complex, and it has taken Ethereum years to develop and to test the code necessary for the change. Perhaps more importantly, many Bitcoin diehards are adamant against changing the system created by Satoshi Nakamoto, the pseudonymous person or group credited with developing the software.
“I’d put the chance of Bitcoin ever moving to PoS at exactly 0%,” said Chris Bendiksen, a Bitcoin researcher at CoinShares and one of the world’s leading experts on Bitcoin mining. “There is no appetite among Bitcoiners to destroy the security of the protocol by making such a move.”
It is not suitable to change Bitcoin to this now, as it would fundamentally undermine all the trust in it to this date, but this is bad news for Bitcoin in the long run. The world is in the midst of an energy crisis, just look at Europe having to depend on Russian oil & gas while simultaneously sending weapons to destroy the Russian military invasion - it's the height of hypocrisy from both sides. If the energy war does escalate further, then cryptocurrency miners will absolutely be shut down in the EU without a second thought, because although it gives digital financial transparency it has a high energy usage and there are already existing financial networks operating for the majority. |
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It seems that Putin's gamble is not working out as he had hoped. He is moving militarily rather slower than he anticipated and now apart he has taken two economic measures: "President Vladimir Putin banned all Russian residents from transferring hard currency abroad, including for servicing foreign loan contracts, potentially putting much of the country’s $478 billion in external debt at risk of default."Source: Putin’s Ban on Foreign Debt Service Raises $478 Billion Question.To stop the bleeding of the ruble, which is plummeting even in the face of a weak USD due to over-printing, he has also ordered that: "Russian businesses that trade abroad must sell 80% of their foreign currency earnings and convert them to rubles...This is starting to cause panic among its population, which has rushed en masse to withdraw cash from ATMs: Russians rush to withdraw cash at ATMs as rouble plunges; central bank hikes rates to 20% The most important thing in the conflict is the human drama with dead, wounded and displaced people, but I wanted to open thread to comment in this economy section what could be the medium term future of the Russian currency and economy. I wonder if some of these measures affect Best_Change, which I understand is a business located in Russia, but I don't know if they will want to comment anything. It actually looks like Ruble has recovered since this happened, but it's an expensive illusion that the Russian government is trying to maintain for as long as possible. However the interest rate on the Ruble at 20% is very expensive for the Russian government, but it effectively means they'll just print money and it'll devalue over time if they keep it up. Energy exports will now account for almost the entire Russia economy as so many large companies have left, they have ruined supply chains in an area the produces a bunch of useful raw resources and the inflation rate for the average Russian is expected to be about 15% this year. If Europe is able to steadily wean itself off Russian oil and gas, which might take a few years, then it will have an even more hollow economy. |
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Having played on several sportsbook platform's over the years both IRL and online, I have noticed that most of these bookies
today don't have the " draw no bet" market. What could be their reasons for not giving us this market? Could it be that it's a less money generating market for most sportsbooks out there?
If you look at it from another perspective - bookmakers are out here trying to make money, just like gamblers and this bet distorts the odds . There are so many games that end in a draw that it does not make sense for a bookmaker to offer this and it's amazing that they ever allowed it in the first place. It gives players an extra "out" opportunity that will have been taken advantage of by eagle eyed arbitrage betting and will make it harder to gauge the correct odds. It's much easier for them to offer straight bets with either a win or lose outcome, because even though the proportion of bets is likely to be small - it's just handing money back to the players without any costs being covered on the sports book side. |
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In order to improve the overall forum experience, going forward we are only going to allow smart people to post. To determine your intelligence, you will be required to answer a question every time you post (or edit your post). Your answers will be used to calculate your IQ, and starting next week, everyone with an IQ below 120 will be banned.
Let's make Bitcointalk.org into the ivory tower of excellence that it was always meant to be!
I came across this example IQ question today and I may show myself up for being unintelligent, but is this the correct wording or has the intelligence test got a spelling error? "What day was proclaimed an European Day of Languages by the Council of Europe?" Should "an" be "a"? Awaiting to be rudely corrected! |
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I am very new to gambling, I am facing many issues for this but I don't understand such as: RTP, house edge I don't understand these things. What should I need to keep in mind to choose a good gambling website?
The first thing you need to look out for is the reputation of the website - as the most glitzy, well designed and seemingly professional gambling site could have a terrible reputation with an owner who only wants to steal depositor money. Look around here for some good recommendations that are less likely to be polluted with fake reviews and avoid any that you feel even slightly uncomfortable about. Only keep a small balance in your chosen gambling site, in case of hacks or downtime. Beyond that, just go for whichever sites take your fancy and it might be worth checking for any free promotions - don't go crazy and make sure you read the terms so you don't get stung later on. |
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British Finance Minister Rishi Sunak is expected to announce a new regulatory regime for crypto in the coming weeks, sources tell CNBC. The announcement will focus in particular on stablecoins, digital assets that derive their value from existing currencies like the U.S. dollar.The U.K. government will soon reveal plans to regulate the cryptocurrency market, focusing on a fast-growing type of token known as stablecoins, according to four industry sources familiar with the matter. British Finance Minister Rishi Sunak is expected to make an announcement in the coming weeks about a new regulatory regime for crypto, preferring to remain anonymous as the information hasn’t yet been made public. Details of the plans are still being finalized, providing legal clarity for a sector that has so far been mostly lacking in regulation. According to the sources, Treasury officials have shown a willingness to understand the complexities of the crypto market and so-called stablecoins, digital assets that derive their value from existing currencies like the U.S. dollar. The department has been in discussions with a number of firms and trade groups. That includes the Winklevoss brothers’ crypto exchange Gemini, one of the sources said. Gemini issues its own stablecoin called the Gemini dollar, which is pegged to the U.S. dollar. Stablecoins have seen exponential growth in terms of usage over the past few years, in tandem with rising interest in cryptocurrencies more broadly. Tether, the world’s largest stablecoin, now has a total circulating supply of more than $80 billion — up from about $4 billion two years ago. But those tokens have also caused concern for regulators, who worry they may not be fully backed by an equivalent amount of reserves, and are being used for money laundering and other illicit activities. Meanwhile, regulators are worried about possible exposure of the financial system to bitcoin and other digital currencies, as well as their potential use for evading sanctions imposed on Russia amid its invasion of Ukraine. The Bank of England on Thursday called for policymakers to expand regulatory frameworks to limit the risks posed by crypto to financial stability. BOE Deputy Governor Sam Woods wrote a letter to several bank CEOs saying there has been “increased interest” from banks and investment firms in “entering various crypto markets.” The Treasury’s move is being viewed as a response to President Joe Biden’s executive order calling for coordination from different U.S. federal agencies on regulating crypto, the sources said. Several industry insiders have bemoaned the lack of similar action from the U.K. A number of companies, including Revolut, Blockchain.com and Copper could be forced to wind down their crypto operations in the U.K. this week if they fail to make it onto the Financial Conduct Authority’s cryptoasset register in time for a Mar. 31 deadline. The FCA said a “high number” of crypto businesses aren’t meeting the required anti-money laundering standards. Just 33 companies have made it onto the register. More than 80% firms assessed by the regulator have either withdrawn their applications or been rejected.
Source: https://www.coinshots.com/news/britain-will-reveal-crypto-regulation-plans-in-coming-weeks This was somewhat inevitable, if you consider exchanges to be the cryptocurrency equivalent of a bank, then at some point they will need a regulator who can try to protect customers who might not be the tech savvy bunch of people we have here. Governments are always looking out for money flows that might be avoiding the taxman's pocket as well, so blaming crypto for potential money laundering will also boost their tax generation receipts. They're now realizing the crypto is here to stay so they definitely want a framework that'll give them a piece of the action and allow them to coordinate with other countries in tracking down these ghost funds. |
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Many suffer from this war and this one needs to end. And to start the peace negotiation I think those sanctions will be taken out first since this is really the main problem on why the inflation rise up because there are limited countries who can buy oil in Russia, if they open back dealing oil of Russia for sure these we experience huge inflation will be lessen and we might get back to normal.
Still not effective with how many time sanctions given to Russia by Europe countries or anything else about boycott because Russia have gas needed by another country. I think could be stop with sanctions and boycott Russia right now better keep discussing about peace negotiation how this war invasion ended forever. Not any benefit when boycott Russian product until gambling platform because never have declare with gambling platform support with war invasion to Ukraine, what fault from gambling platform and have boycott by many gambler? It seems like the list of companies shutting down Russian operations and connections is still growing every day. They've shown themselves as a rather unreliable and erratic partner, especially with the latest threats coming out today, so it seems like eventually Russia will lose it's last bit of leverage with energy exports soon. Anyway, it makes sense for people to stay well clear of any gambling operation that accepts Russian customers right now, because they might be in the firing line for evading sanctions. There's the dual threat of a general public backlash, that funds are seized by government regulators or even that payment processors connected with them cut off all business. |
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Russian Deputy Minister of Energy Evgeny Grabchak revealed statement about introducing clear regulations for crypto mining in the country. His statement served as a support for the cryptomarket and the miners within the country, because back in January cryptocurrency mining was banned in Russia. During the first national conference of legal crypto miners Grabchak called for introducing a regulatory framework for the sector at the earliest. In his statement he added "The legal vacuum makes it difficult to regulate this area and set clear rules of the game. This legal vacuum needs to be eliminated as soon as possible. If we want somehow to get along with this activity, and we have no other options in the current reality, we must introduce legal regulation, adding the concept of mining to the regulatory framework". Russian government to legalize mining soonEven if Russia offered free electricity and delivery of your equipment into their country, it would be a terrible idea to take up any sort of contract that was subject to Russian laws. This latest war by Russia on Ukraine is the most shocking example of how erratic the leadership of Putin can be. It's hard to trust a single word that comes out of their government officials and even if you did trust them, there is every possibility that you could get squeezed out by criminal elements which are pervasive all over the country. Any assets within the country are subject to arbitrary seizure or nationalization if things look to be going bad for them. While a few Russians who can navigate this treachery might make a bit of cash, any foreigners would be well advised to keep their hardware out. |
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