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April 11, 2021, 03:00:42 PM *
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1  Economy / Gambling discussion / Re:'s English Premier League Football Pool Discussion Thread on: Today at 02:47:23 PM
It was my birthday yesterday, so I didn't have time to follow the games. Turns out, they went pretty well for me. Of course, I didn't guess that Leeds United would win against Manchester City (I still cannot believe it happened, but congrats to Sojourner who picked it exactly right), but I got Liverpool vs Aston Villa exactly right and was close on Crystal Palace vs Chelsea. West Ham vs Leicester City is looking very bad right now as my pick was 0-1 with Leicester winning Cheesy
What do you think about Tottenham vs Manchester United? I picked a draw, but I know it's unlikely.
2  Economy / Gambling discussion / Re: 🏆Maharaja of Bitcointalk🏆 $600 Prizepool tourney(Free entry) by on: Today at 02:20:18 PM
With a little more than one day left till the end of the competition, I've passed the 20 bet threshold today. How about you, are there still people like me who haven't been making lots of bets here?
I'm also wondering about the stats. Mine were only updated for my first 11 bets, and the win/loss column was updated only for the first 3 bets that I placed for this competition. I can see that there are others whose stats weren't updated for a while as well, but I guess it's understandable that it's an overwhelming amount of work for one person, so no worries there. It's just that without actively updated stats, it's very hard to see how everyone's doing so far, and how close or far from winning the competition I am in comparison with others.
I won 9/14 bets that were already settled if I'm not mistaken, but they were largely on pretty low odds, so I have no idea where this puts me.
3  Economy / Games and rounds / Re: presents🏆The Maharaja of Bitcointalk🏆$600 Prize Pool !Free Entry! on: Today at 02:07:09 PM
Bets 15-20:
Bet ID: 60707856b7f4c4499541f597
Bet ID: 606dcb37b7f4c43d623d4208
4  Bitcoin / Bitcoin Discussion / Re: Fidelity, Coinbase and Square establish a crypto council this month on: April 10, 2021, 09:50:33 AM
I think it's better to have some sort of organizations that lobbies crypto-friendly policies than none. Sure, they're first and foremost interested in the well-being of their corporations. However, for that well-being, they need mild taxation of crypto profits, full legality of crypto usage, friendly banks that allow users and companies who deal with cryptos to be able to process fiat when they need to buy or sell something and stuff like that. So their fight might also have some positive impact on the lives of ordinary crypto users because the corporations are interested in their customers being happy, so that they can make as much money on this as they can.
5  Economy / Gambling / Re: HOW TO PROMOTE AN ONLINE CASINO IN 2021 on: April 10, 2021, 09:32:13 AM
Op, why would you copy the whole article and put it in your post instead of writing a short and engaging intro since you provide the link to the website?
Streamers are a popular kind of promoting a casino, but since it's been discussed that some might play with fake money and produce fake surprised reactions, I don't think it's a particularly attractive way of promotion.
As for casino review websites, most of them are very biased and clearly promote dubious casinos, and considering such a website as a form of promotion is exactly the reason why such websites aren't very credible.
As for influencers, I think it's better because they'll declare the sponsorship and because it's also a way to support these people who do something well.
And the revshare model just sounds very sad because people are profiting from the losses of others.
Moreover, you haven't mentioned a very popular and arguably efficient kind of promoting a casino on Bitcointalk: a signature campaign.
6  Bitcoin / Bitcoin Discussion / Re: What should we pay attention to in the current Bitcoin market? on: April 10, 2021, 09:11:58 AM
I think what one should pay attention to depends on how one sees Bitcoin. If Bitcoin is an asset for trading for you, you should pay attention to day-to-day fluctuations and to the media coverage of Bitcoin because it can trigger some of these price movements. If you're hodling Bitcoin long-term, you can basically ignore whatever is going on until something truly major happens (something you cannot miss, such as quantum computers cracking cryptos or WW3). If you still believe in Bitcoin as a type of payment, you should follow the news about major companies or local stores near you accepting Bitcoin.
7  Bitcoin / Bitcoin Discussion / Re: I have $150,000 US dollars and my target is a 10x gain. Stop me going all in now on: April 10, 2021, 08:57:52 AM
Op, I don't know your financial situation, but if $150k is literally all of your savings, it's already a very solid sum, and why risk losing it? Why not take half of it to spend on something now (in my country, one could buy a great flat in a good neighborhood for that money), and then use another half for this long-term hodling Bitcoin experiment?
Nobody knows how high Bitcoin can go or how low it can fall in the future, but I do think it's likely that we'll see it growing at least 5x over the next few years, so the idea itself might not be so bad. I just don't understand why you'd go all-in if you can enjoy some wealth you've already accumulated AND invest in BTC.
8  Bitcoin / Bitcoin Discussion / Re: Chinese Secret Bitcoin farm covered by Sky News on: April 10, 2021, 08:49:29 AM
I think it's hypocritical to say as the article does that China's fighting these secret mining farms for environmental reasons:
But it also requires a huge amount of energy, which has raised serious environmental concerns. The total power consumption of Bitcoin globally is more than that of Sweden, Argentina or the Netherlands.

And that's why authorities have been clamping down.
Clearly, being the country with the highest pollution rates in the world, China doesn't and never cared about the environment, and their attempts to fight Bitcoin have nothing to do with eco-friendliness.
I also wonder why people do their business illegally in China if mining isn't illegal there but is only prosecuted in some regions. I do, however, think that regions like Inner Mongolia should find other ways of meeting their energy consumption goals.

9  Alternate cryptocurrencies / Altcoin Discussion / Re: XRP set to dethrone Bitcoin on: April 09, 2021, 05:28:02 PM
I don't think XRP stands a chance, to be honest. Initially, it seemed promising because of its strong willingness to collaborate with banks and to generally be somewhere in between real crypto (decentralized ones) and fiat money. However, I think that the best times of XRP are in the past. I'm talking about the 2017 boom and XRP costing more than $3 per coin. I don't think it will set a new ATH, and, more importantly, I don't think it has a future as a crypto which is truly supported by traditional financial institutions. It's been around for years, and even though it's very much willing to compromise, there doesn't seem to be a bunch of institutions willing to work with this project.
10  Bitcoin / Bitcoin Discussion / Re: Bitcoin demand among Workers globally!! on: April 09, 2021, 05:11:03 PM
Workers cannot realistically live off Bitcoin salaries. Paying people off in Bitcoin is a mistake. Should the crypto enter a winter era, all of their savings will decrease in value substantially. What comes forward from that is a huge number of complaints that Bitcoin is crap and destroyed their lives. I understand it's a great way to quickly send bucks to your family without being asked anything by authorities, but as a monthly wage it's a bad idea.

Also.. what about fees? Will a worker pay $5 in fees for a $1 coffee? Bitcoin isn't as cheap as it used to be. People who've never touched crypto will think getting rich through them is as easy as 1-2-3. Making money out of BTC requires a level of patience very, very few have.

Just my 2c tho.
I think that employees should be able to make their own decisions about the preferred currency (fiat or crypto) because their money is their choice and responsibility. As for the risks, I think the salary would still be fixed in fiat, just paid in BTC. And in that case it would be easier for people to send money to relatives who live in other countries, and it's not like when you're paid in Bitcoin you cannot convert the money you need into fiat. It's also very interesting how many people are indeed interested in such options because a screenshot of an image from social media doesn't say much.
11  Bitcoin / Bitcoin Discussion / Re: 2021 - Global Crypto User Index on: April 09, 2021, 04:49:19 PM
I wonder how representative this research is because even though 61,000 people participated, it doesn't automatically make it unbiased. I was surprised to see that 38% use cryptos due to distrust in the current financial system because I thought there were way fewer people who cared about things like that.
But then again, the research says 60% of people store coins on crypto exchanges, and that's a very sad number if this is true since it seems that it was already stressed a lot of times that it's important to own your keys...
It was also surprising for me that 78% favor fiat over stablecoins. I think it's a good thing if there's such low trust to coins like Tether, but is that truly the case?
12  Bitcoin / Bitcoin Discussion / Re: List Of Benefits and Opportunities With Bitcoin on: April 09, 2021, 04:28:36 PM
Op, in a sense, Bitcoin already created many careers and jobs. Because of Bitcoin, there exist various crypto companies like exchanges and other projects, and these projects create jobs. As this article mentions, we're talking about thousands of jobs already, and probably way more if you consider less formal things like people engaging in trading and earning money this way. Bitcoin also gives a possibility to hodl money and to send money to people without turning to an intermediary like a bank, and it allows having money which isn't affiliated with any particular country. It also allows having money which won't inevitable devalue over time because, unlike fiat, it has limited supply.
13  Bitcoin / Bitcoin Discussion / Re: US idea to counter China attack with bitcoin on: April 09, 2021, 03:40:56 PM
What's with the US-China-Bitcoin discussions lately? China using Bitcoin as a weapon against the US was discussed just yesterday, and today we have basically the opposite case in which the US should use Bitcoin as a weapon? Bitcoin is quite popular and powerful, but the US and China are two of the world's biggest economies with no other country getting even close to their power. I don't think they need Bitcoin to stay powerful, and neither of their fiat currencies is in immediate danger right now. Moreover, neither is particularly pro-Bitcoin and willing to fully embrace it, so I don't think they'll try to use it as a weapon against each other or that such an attempt would be successful because Bitcoin is quite decentralized for that.
14  Other / Off-topic / Re: Bitcoin on CANTON Fair 2021 on: April 08, 2021, 05:47:10 PM
If something is going on online and the payments are also processed online, it doesn't necessarily call for cryptos and doesn't automatically encourage people and institutions to use cryptos. After all, there are enough payment methods which are centralized and rely on fiat but work perfectly fine in an online environment. As long as this is the case, there isn't a huge incentive to adopt cryptos, especially since this might not go okay with the authorities. Given that the event is very soon and there were no announcements of even considerations about Bitcoin or cryptos in general, I think that's not going to happen.
15  Economy / Gambling / Re: Using multiple betting accounts (Bet365 etc.) on: April 08, 2021, 05:39:07 PM
Op, you should be aware that multi-accounting is usually forbidden by casinos, so what you're asking about is actually how to go against the rules in the most efficient way. If you were banned on a website, there was probably a good reason for that, right? Perhaps you've already tried to manipulate the system or maybe you've accessed the website from a restricted jurisdiction. Just find a good sportsbook which accepts players from your country and try to play by the rules. I've seen many scam accusations by people who had multiple accounts in one online casino and were banned for that but somehow didn't see it was their own fault. Don't become one of these people.
16  Bitcoin / Bitcoin Discussion / Re: Miami’s Treasury Department Using Bitcoin on: April 08, 2021, 05:20:38 PM
It sounded like great news because it's very progressive to allow salaries and BTC and providing some documents to make it possible, but since the op didn't provide any link, and like others I couldn't find anything new on this topic, it's too early to talk about this stuff. The only stuff I see is info from February 2021 about the Mayor of Miami offering to explore an option of paying workers in Bitcoin. Firstly, that's old news now. Secondly, it's not about the Treasury Department, and it's not about using Bitcoin, but only about considering using it. So I think that given how there's a lack of new info about this, it probably didn't go any further.
17  Bitcoin / Bitcoin Discussion / Re: Bitcoin Could Be Chinese ‘Weapon’ on: April 08, 2021, 04:59:52 PM
I don't think it's a real possibility. It's actually close to something that happened in a TV show I've mentioned before (Mr. Robot) with China switching to BTC when the US relied on a centralized currency (not USD, but still). I don't think China is currently controlling Bitcoin, and to use Bitcoin is a weapon, China must be in control of it. Moreover, China isn't even pro-Bitcoin, so it's more of an enemy than an ally for this country. China cares about their own fiat just like the US cares about its fiat, so there's no reason for China to suddenly support a decentralized cryptocurrency even to fight the US economy.
18  Bitcoin / Bitcoin Discussion / Re: Square, Fidelity, Coinbase start cryptocurrency lobbying group on: April 08, 2021, 04:45:33 PM
There are lots of negative attitude towards lobbying, but research suggests that lobbying is actually a good thing because it can be put under control and regulations and because it can provide valuable insight into various questions as well as take into account the interest of certain groups of people. It's a better practice than corruption because where there's no lobbying culture, there's simple bribery of the officials to get things done your way. As the crypto industry is growing, it needs advocates of milder regulations and favorable policies, so I think it's good that a crypto lobbying group is being organized. I do hope they'll advocate for something that is beneficial to all crypto users, not just to the big rich companies which united to do the lobbying, though.
19  Bitcoin / Bitcoin Discussion / Re: You Think Bitcoin Save Your Economy on: April 07, 2021, 05:19:27 PM
With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?

This be in the form of trading. Use of the currency? creation of? education. etc

What are your thoughts on this. Could this cryptocurrency help people give some new direction?
For countries with very unstable economic situations cryptos can be a chance for people not to lose their money and for their funds to retain value. Given the economic impact of the pandemic, I think this will become even more relevant than before. Apart from that, cryptos can be an investment opportunity for corporations and even for some state funds (if they're willing to risk) which could improve the situation a little if Bitcoin keeps rising. Finally, if something devastating like dollar's hyperinflation happens after all this overprinting of money, cryptos will become something that can save the world because they can ensure it doesn't happen again. But I don't think this final case is likely to happen.
20  Bitcoin / Bitcoin Discussion / Re: 652 Ukrainian officials declare holding a total of 46,351 BTC on: April 07, 2021, 04:59:28 PM
It seems to me that there are indeed many people owning cryptos in Ukraine, so it's a little bit of both. Surely, some of them probably followed the advice of their lawyers and declared their money as cryptos because you can always say that you bought early on and that's why now you have tons of money. A few years ago, there were already Ukrainian officials making such statements, I think. But there are probably also some people who have cryptos and don't declare them because they don't feel like it, especially since it's not obligatory. I mean, I was once just travelling in a local marshrutka, and a guy was casually trading coins on Binance there. We have more crypto users than catches the eye.
I don't get the part about tax evasion
In theory, it could work if they suddenly declared they have 1000 BTC and they just sold them, here are my 60 millions in$ I made them from BTC profits from when I bought with 1$.
But, those reports are annual, in 2018 they had 21 000 BTC so if they acquire more they must have done it a x price, where did that money come from in the first place?
Since declarations became a thing only years ago, and nobody's asking people to declare their cryptos, an official can always say (without providing any proof) that the cryptos were bought back in 2010 or something like that and that given that there's no crypto legislation in Ukraine, this person simply didn't declare them before.
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