Agreed, however, it will not be dead. I reckon it will always be there to begin another wave of bullishness when the NFT market is ready.

In any case, Coindesk is presently hyping Ordinals and bitcoin NFTs hehe. The skeptic and the contrarian in me says that for now it will start decreasing in popularity.



Bitcoin-based non-fungible tokens (NFTs) have risen to second place for NFT sales per blockchain, according to Web3 data platform CryptoSlam, which is remarkable considering Bitcoin NFTs didn’t effectively exist before the enabling of inscriptions on the Bitcoin mainnet in January 2023.

The data shows that in the past thirty days, Bitcoin NFTs have grossed about $167 million, which is several figures shy of Ethereum’s near-$397 million.

Source https://www.coindesk.com/web3/2023/05/22/in-nft-sales-bitcoin-jumps-to-no-2-spot-in-a-matter-of-months/

@nutildah. The only problem of Bukele is being very open on his support for bitcoin by making it legal tender. This has caused him much problems with the IMF because it put the government of El Salvador in a position where it cannot get more cashflow but the IMF can lobby on policies because of cashflow given in the past.

In any case, I am skeptical of this new adviser hehehe. What is a former IMF official advising on the government of El Salvador?



El Salvador has tapped a former International Monetary Fund official as an adviser as it seeks a deal with the multilateral lender, according to people familiar with the matter.

Alejandro Werner, who retired as head of the Western Hemisphere Department at the IMF in 2021, has been working with the Central American nation’s government this year, according to the people, who asked not to be identified because the matter is private.

Source https://www.bloomberg.com/news/articles/2023-04-17/former-imf-official-werner-said-to-advise-el-salvador-on-deal



Another problem for Bukele is the election on February 2024. His political rivals will certainly get the funding from the bankers outside and inside El Salvador.

I was not very surprised. There certainly was fear, uncertainty and doubt in Haney hehehe. Yes, fud can also be caused by the thoughts of the boxer himself. There were replies that this was not fear, however, Haney's performance has not shown his confidence hehe.

I predict Tank Davis to be the unified champion of this weight division within 2 years. It should be shorter, however, I am quite certain Haney will avoid Tank for the longest possible time.

It also creates a dangerous precendent that will certainly discourage the acceptance and adoption of bitcoin and other cryptocoins to be used as a medium of exchange. What this might encourage is for people to use the cryptospace only for speculation very much similar to memecoins. What would this imply hehehe.

@zasad@. I do not disagree. The regulators will certainly choose to make criminals out of innocent users first before they give up their campaign on shutting down the cryptospace heheheh. It cannot be killed, however. There is no other way for us in having real ownership over our digital assets except through decentralized ledgers and databases. People will keep using them.

When you buy a physical item and hold it, then you own it and you can do anything you want with it. This is real ownership. In the cryptospace, real ownership is real custody over your digital assets only made possible through the innovation that these decentalized ledgers and databases are giving us.

The government wants to kill this innovation by imposing old regulations where we are required to use government approved custodians to hold our assets for us and use government approved transfer agents to move our assets through them. This will of course be under government supervision to protect us hehehehehe.

Also, if cryptospace innovation is being killed, the developers will move out.

@KingsDen. I reckon it is very easy for us small minnows to talk because we can continue trading in the cryptospace even with low liquidity in small exchanges and DeFi. However, for the whales who trade with size, they need the liquidity that the big exchanges like Binance offer. It is also not only about trading, the whales also need the big exchanges for their onramps and offramps where they can smoothly deposit and withdraw millions in fiat.

However, who is really losing the psychological tactics? During the face off, Haney appears to have lost his control on his emotions and pushed Lomachenko. This might show that there is fear in Haney. This might also become an advantage for Lomachenko if he can cause something similar in the ring hehe.

It appears that I might have underestimated the Ukranian. Can I change my vote? Change to 19 votes for Haney, 17 votes for Lomachenko hehehehehehe.

I reckon Angela Hill is very much underestimated for this fight hehehe and with her odds as the underdog she might be a good bet. My prediction, this will end in a split decision with each fighter having an argument for winning.

@YuginKadoya. The sexy kitties are here hehehehe.

The official reason for why the Finance Minister of Pakistan wants to ban and never legalize the cryptospace in their country is to remove Pakistan from a FATF grey list. However, the skeptical me thinks this might not be the only reason. Pakistan has a pending approval for a bailout from the IMF and the IMF does not like crypto hehe.

We also know what has happened to much of these bailouts. The corrupt people at the top enjoy it, while the tax payers at the bottom pay for it very much similar to what the bankers did in the 2007 financial crisis hehehehe.



Cryptocurrencies will “never be legalized in Pakistan,” said Minister of State for Finance and Revenue Aisha Ghaus Pasha to the country's Senate Standing Committee on Finance on Wednesday, according to local reports.

The minister said that the Financial Action Task Force (FATF) had set a condition that cryptocurrency will not be legalized to keep it off the international finance watchdog's so-called "Grey List," according to one local news outlet, and another said Pakistan's stated position is because it goes against the conditions set by the FATF.

Read in full https://www.coindesk.com/policy/2023/05/18/pakistan-announces-fresh-ban-on-crypto-but-adoption-as-a-hedge-remains-popular/



In any case, this is very much the opposite of what Bukele is doing in El Salvador. I used to laugh and shake my head at Bukele because being the skeptical me, I thought he was only larping. I have now come to respect him.

@zasad@. I am not asking you which side you will be on if being forced to choose. I am only making an argument if we can trust uncle Gary and the SEC to give a fair assessement on the exchanges, services and the projects in the cryptospace.

What is really shown to us is they do not regulate the cryptospace to protect the consumers. What they are doing is they use regulation to protect the interests of their backers from Wall Street and Main Street. If you did not notice, the cryptospace can become a big competitor against the traditional banking system.

@Carlton Banks. Hehe or we should wish that the legal proceedings will end on 2026 and Thomas Clausi is ordered by the judge to return the Ferrari and get his bitcoin back. I speculate the bitcoin might have enough value to buy 2 Ferraris hehehehee.

I have already mentioned it in this post.

https://bitcointalk.org/index.php?topic=5447061.msg62196665#msg62196665

This is only my own speculation, however, the reason why I speculated this is from how we have witnessed the SEC regulates traditional securities. Everything uncle Gary is trying to impose on crypto are based on regulations which might be obsolete.

In any case, I agree that this is only my own assumption. However, if it is the right assumption, does it not kill innovation?

@avp2306. The most common utility of many casino tokens is profit sharing with the holders. This functions very much similar to a traditional company that issues stock and stockholders get dividends for owning them.

It also functions very much similar to providing the cashflow for the site through casino bankrolls. Does anyone remember them? They were very popular before the invention of tokenization and DeFi. However, tokens have an advantage because it gives the business the funds and also gives the investor the liquidity to do what he likes with the token. The advantage of DeFi tokens is you can stake or lend them to another protocol to earn more yields.

In any case, there is nothing wrong with tokenization if the project founders are honest and good to their community.

@zasad@. Yes, Ripple Labs suffered losses in legal costs, however, the SEC is shown to be making cases not backed by clear regulations. If you are arguing for the SEC, do you really think that uncle Gary is a competent SEC chairman? I would very much disagree if you say yes hehehe.

Ripple had a small victory against the SEC on the Hinman documents. This proves that the SEC is not very transparent on their crackdowns on the different projects in the cryptospace. We already know that they do not have a real basis on what is an illegal security and what is not. Let us hope the Hinman documents will help classify much of the projects we support.



Ripple has secured a small victory against the US Securities and Exchange Commission (SEC) — shutting down the agency’s motion to seal internal files known as the “Hinman Speech documents.”

Those documents consist of SEC drafts and emails relating to a speech given by William Hinman, former Director of the SEC’s Division of Corporation Finance, more than four years ago.

Hinman’s speech reportedly indicated the agency did not consider ether a security at the time. Ripple lawyers have fought to learn more about how Hinman came to that conclusion, which could impact XRP’s own classification.

Source https://blockworks.co/news/ripple-sec-hinman

I respect your decision and I understand why but it can be a good option for Neodice. Having a token helps with funding the project and growimg the business. It also helps with community creation and support.

On images, it appears the pictures from imgur are blocked in forum. I am not quite certain if this is from the forum's side or imgur's side. Use imgbb, much better hehehe.

However, a judge disagrees with the SEC hehehe. There is also uncle Gary's case against Ripple Labs. Why has it not come to a conclusion if the SEC really can interpret and implement the rules and regulations in accordance to US law? It is very clear to anyone who follows cryptonews that uncle Gary and his team are having difficulties  because the rules are outdated and will kill the innovation being brought by the cryptospace.



SEC agents cannot explain to a federal judge what its policies and attitudes regarding virtual currencies are—or how they are going to impact the industry.

Many in the virtual currency industry have been confused and bedeviled by the Securities and Exchange Commission's (SEC) gradual and ill-explained encroachment on their world, with frequent claims from SEC Chair Gary Gensler that most cryptocurrencies should be properly seen legally as "securities" that ought to be regulated by his agency. That would potentially make lots of legit businesses suddenly illegal dealers in "unregistered securities."

In a decision last week in an ongoing bankruptcy case of Voyager Digital Holdings, U.S. bankruptcy Judge Michael E. Wiles in the U.S. Bankruptcy Court for the Southern District of New York laid into SEC agents for their perplexing and officious manner of trying to force through their attitudes about cryptocurrencies-as-securities.

Judge Wiles finds this situation highly aggravating, noting that "Voyager operated, and Binance.US currently operates, in a regulatory environment that at best can be described as highly uncertain."

Source https://reason.com/2023/03/16/federal-judge-blasts-sec-for-poorly-argued-attempts-to-claim-cryptocurrencies-must-be-regulated-by-them/

This only happened because Haney has not perfected in his use of the philly shell defense. However, it appears that he is a much improved fighter after fighting Kambosos twice. The only fighter who can knock him out might be Tank Davis, I reckon.

As mentioned already, Tank has left Mayweather's gym. I will not be shocked if Tank's next fight is against Devin Haney for all of the lightweight championships hheheehe.

I want to declare and let everyone know that I have never used Tornado Cash through the frontend and I have never used Tornado Cash directly through the smart contract. I also do not encourage anyone to use Tornado Cash.

However, it is already very known that anyone can use smart contracts directly through Etherscan. I have minted NFTs directly through smart contracts.

In any case, go to Tornado Cash's address in Etherscan, go to contract then to write contract.

https://etherscan.io/address/0xd90e2f925da726b50c4ed8d0fb90ad053324f31b#writeContract

I also want to remind everyone that Tornado Cash is sanctioned by the US government.

@Abiky. The approved custodian rule will kill the innovation of real ownership that it brings in web3. Will the NFTs that represent your character in a game also needed to be held with an approved custodian? Character skins in web3 are also NFTs hehe, they also need everyone to register them with the SEC?

The speed of the cryptospace's development has placed the SEC in a head shaking environment hehehe. Those who can evade compliance because uncle Gary is using old rules will certainly use every chance to evade hehehehe.