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1181  Economy / Economics / Re: Does the Dark Side of the Art Industry Foretell NFTs Future on: October 26, 2021, 08:05:15 PM
I do think art has value based on the perspective of the person viewing it, therefore we cannot just evaluate it just like that.
- for some people the same art might be worth a million dollars and for some it might not even be remotely important, therefore we have auctions.
Plus how an art is perceived is something which one person cannot predict. Most of the artists who died without getting any recognition generally are valued more when they died broke, shows us how fragile the Predictions might be.
I do not think that predicting the value might be a good thing and there is no concept of intrinsic or extrinsic value in terms of art especially NFT's, it's more of an artistic eye if I may.
1182  Economy / Gambling discussion / Genting Casinos awarded for their safer betting standards on: October 26, 2021, 06:14:32 PM
Apparently, Genting Casinos are awarded gamcare safer gambling standards for the second time in row. They are a casino based in UK. I do think this is a really big achievement for them.
It represents their social responsibility and quality standard in the gambling industry which is an admirable achievement. They apparently have level 3 which is the highest level possible giving them points for commitment towards achieving secure and safer standards for their users.
Quote
GamCare’s description of advanced level 3 is “a business that has adopted a wide range of safer gambling measures that go beyond the social responsibility provisions of their gambling licence”.

It's the only uk based land casino to have achieved this award.
Quote
Being the only UK land-based casino to be awarded this level of accreditation further emphasises that adopting safe gambling measures and customer care is at the heart of everything we do. While we’re delighted with the renewal of the award, we will continue to improve our standards to provide the best possible experience for our customers when they visit our casinos.”


Source : https://www.gamblinginsider.com/news/13648/genting-casinos-uk-awarded-gamcares-safer-gambling-standard-for-second-time

Which casino you think should be included in the list in the future?? Did you ever try and gamble there? I was not aware of these awards and I do believe these are an amazing way to show the appreciation and to show the responsibility that a casino might take to go beyond for it's users.
1183  Economy / Economics / Re: Do you think narcos may actually be on the 10 richest? on: October 26, 2021, 05:35:10 PM
It's not just complicated but people are using everything that they can to get better options to sell them at parties it anything. I was so shocked to see a normal vape site in the UK selling *weed vapes* which is illegal and the only method you can use to pay was *bitcoins* thus I didn't only find it shocking but it could also give bitcoins and other cryptocurrencies a negative opinion.

Also people are now a days using Instagram, Facebook to message teens and young adults about their services, which I personally find really appalling. But they are definately making tons of money using that, I do think if we didn't take the legality in the account then the drug lord might be considered one of the world's richest, but that won't be a good thing to start with.
1184  Bitcoin / Bitcoin Discussion / Re: Best thing you bought with Bitcoin? on: October 26, 2021, 04:58:45 PM
What was the best/most interesting thing you bought with Bitcoin, when, where you bought it and how many Bitcoins it did cost? Grin

I almost bought a desert eagle on some darkmarket for like 8 Bitcoins (around 6500 CZK by that time) but I decided not to buy it, because it maybe was scam and if not, then my mom would kill me with it, if she knew that I was big gun fan back then... Cheesy Cheesy

Well the most interesting thing I brought with Bitcoins would be pet supplies. I was looking around for one and apparently in India we don't really have a lot of options but in Ukraine it amazes me how people accept cryptos like bitcoins and how the government's policies are also friendly. Therefore  this was the most interesting thing I brought using bitcoins. Some of my friends did
use them to buy drugs, which I personally do not support. Apparently in the UK you can buy weed pens and stuff using bitcoins, which is not really a good use for Bitcoins and I do believe the government should look further into this matter.
1185  Bitcoin / Bitcoin Discussion / Re: TV Commercials & How they attracting more clients in crypto industry. on: October 26, 2021, 04:28:42 PM
Commercial space is for sure a safe area for India. But at the same time I would not say the same for their policies right now. We all know that even though there is no ban right now but the Indian government is not really happy about cryptocurrencies.
Quote
There are no laws that prohibit (or allow) trading in crypto. In that sense, cryptocurrency is like any other asset class such as gold, commodities or real estate. People trade in gold without the government creating a law for it.
( from google )
Therefore these laws might turn against the cryptos like bitcoins any moment, at the same time I do think for the time being it's definitely helpful, like Pepsi and cola who usually advertise using the cricket companies might as well do well in this area especially the crypto ones.
- cricket is immensely popular in India.
- bitcoins just became 8th most valuable asset
I think this is perfect for the time being, they can get a lot of crowd from this definately.
( There is always a big demand from companies and the inventories gets sold within days and therefore it's not only a good we'll established platform but it's also very expensive as well )
1186  Economy / Economics / Re: $1 Billion Science Fund to Use Blockchain Projects to Extend Human Lifespan on: October 26, 2021, 03:41:42 PM
This can be integrated with Twins study as well. The study might have a lot of scope for sure but the idea lies behind using it efficiently. The good thing is : people who are investing in it, would have a say in it.
- Using blockchain would not only provide a transparent system but it would also attract more investors as well.
- I do believe more companies should try and integrate it since it's always an issue so as how the funds are used and at the same time they can have a say against *corruption* as well.
- I do not think that they are overcomplicating things, even if it's a private blockchain it's providing transparency to it's investors. Being public might give them more credibility.
1187  Economy / Gambling discussion / Re: NO KYC Sportbooks? on: October 26, 2021, 02:58:54 PM
What are some sportbooks that will NEVER ask for KYC

People mentioned already a couple of places that you can look out for but I do think that you realize the importance of KYC in sports books, there are some countries which would not let them function properly if they did not do that. Plus they are taking bets from people they do not know about it would not only be safer but it would also be more legit to go for the one which uses KYC. Which country are you talking about?

Sports books are different from gambling sites, plus rules and regulations are different as well. Try some gambling sites then, but do read their reviews first don't just jump in a scam.
1188  Economy / Economics / Re: BitcoinETF and the general direction of cryptocurrency on: October 26, 2021, 02:04:46 PM
What are your thoughts on crypto being available as an investment instrument on Wall Street?  Thoughts on how this will affect the direction and vision of cryptocurrency?  Thoughts on how this will affect fiat and current financial systems and markets?

I do think that's not really a good idea. My reasons are as follows:

Allowing companies to use Bitcoins as a tool to get other investors means the whole idea of kickin' the middle man out would subside. There would be some amount of control or centralization if this goes on a bigger basis. Bitcoins is not *owned* by anyone but it's user itself and you do not need anyone to buy it for you, that's the whole idea.

I think it would be better if people educate themselves about bitcoins and stop buying it from 3rd parties.

It would not affect the market much in terms of the price for sure if they do it at the starting, things like Bitcoin futures etc .. might be something that people might be looking forward to, we have to still wait and see what happens.
1189  Economy / Economics / Re: eNaira launched in Nigeria as a digital currency on: October 26, 2021, 09:58:28 AM
The reason why these digital currencies might not work out is because even though they might be digitalized but they are still controlled by the government, making them close to fiat, they can be used online but what are the bank cards for ? From delusional advertising by the visa I do believe that everyone is now aiming to become as close as they can to bitcoins to get free advertising. The reason why these governments are banning bitcoins is to deviate all these people towards their CDBC's, which can get a push start. I think they would be somewhat between the stocks and fiats, heavily controlled, won't be taxed to attract the people and thus they would be more or so non volatile.
1190  Economy / Economics / Re: Former President Introduces Reason Behind Crypto Crackdown on: October 25, 2021, 06:57:49 PM
They didn't have to ban it even though these reasons might be viable for some regions since banning them is straight away not only taking the freedom away from the people but at the same time they are lagging behind, since now bitcoins is the world's 8th most valuable asset people might be more comfortable if they had the chance to hold their investments instead of selling them.
- plus I think most of them will anyways do it illegally and that would be worse for the government, they should have tried to regulate it instead of banning it plus they could have very easily traded them with their new central bank cryptos and it might have helped give both of them a boost. They are just making excuses since they were not able to control bitcoins they decided it was not worth the try.
1191  Economy / Gambling discussion / Re: Fiat-betting to crypto+betting on: October 25, 2021, 06:03:33 PM
Crypto betting does provide a lot of advantages.
1. It's more private
2. It have more options
3. It's more varied and more games are available on the sites, more colourful as well.
4. The online betting is more successful while integrated with the crypto, online fiat betting is not that interesting for people ( very good for quarantine )
5. You can also bet internationally easier than betting with fiat hands down.
There are many more things as well, for me I prefer betting with cryptocurrencies since fiat doesn't come with much options.
1192  Bitcoin / Bitcoin Discussion / Re: Banks either adapt or face death on: October 25, 2021, 05:21:27 PM
Banks are important. Therefore it's important to understand the fact that they have to improve. Which generally is very hard for the stern thinking of most people involved in the system, they always think that the conservative ways are still the best therefore in few years if they are not able to adapt to cryptocurrencies and allow their exchange, transactions then it would be detrimental for their overall health and people might start switching to the banks who does. This is only an example. For me I had sbi from back in India and they didn't allow crypto transactions therefore I closed my account and have been using dbs for ages now. Therefore it's all about people choosing what is better for them. Therefore the banks can have their own digital currencies hands down but they have to give bitcoins and other cryptos a good roof.
1193  Economy / Gambling discussion / New York launches RFP for new casinos rising the taxation to 64% on: October 24, 2021, 06:47:33 PM
Quote
According to the matrix, “for a two-platform provider and four operator schemes, the proposed tax rate is 64%”

New Hampshire currently taxes 51% income and Pennsylvania taxes 36%, making the New York rate the highest in the country for sports betting.


The New York state gaming commission has issued a request for the proposals which are due 10 December apparently which would raise the gambling tax to 64% ( proposed) it's already way over the top. They have also issued information about the unlicensed casinos in the area. They wanna choose the official tenders, therefore these measures are supposed to attract those parties.

Quote
Resorts World Aqueduct Casino (owned by Genting) and Empire City Casino (owned by MGM Resorts), gambling properties that have already been licensed to run slot machines in the area, are speculated to be among the interested parties.


https://www.gamblinginsider.com/news/13616/new-york-launches-rfps-for-new-casinos-and-decides-64-tax-for-online-sports-betting

What do you think about these unreasonable tax rates ? ?
These are not only over the top but also going to push the companies away.
1194  Economy / Economics / Re: Stagflation and assets that perform well on: October 24, 2021, 06:12:27 PM
I did not have any idea about this term, thanks for letting us know. I do think when we talk about stagflation, it's something that most of the countries are facing right now but it's not evidence since there are many more things that might be happening and people might tend to mask them inadvertently.
What's needed is :
To increase jobs and at the same time try and not put too much pressure that it might cause hyperinflation. The strategy needs to be revised and evaluated. The way the government works right now is not something that will work in the future, they need better strategies, the government needs a lot of change as well, printing money haphazardly needs to be stopped and currencies and investments like bitcoins needs to be given a chance for sure. 
1195  Economy / Gambling discussion / Re: Going for the Underdog or Not? on: October 24, 2021, 04:37:00 PM

I'm not sure if this had been asked before. This is just an example of some odds that I saw recently Fighter A (1.30) vs Fighter B (3.65). With this obviously, Fighter A is the people's champ and Fighter B is the underdog. 

Regardless of who is bigger and undefeated record, let's say you have no idea who these fighters are because the names can't even be read like Ulshrkubyki vs Ykwehgyfvbh. If you only have $10 left in your sports betting account, would you go for the champ which you can only earn $3, or go for the underdog which if he got lucky can triple your money?

If you are not aware of the fighters then am not even sure if I you should place the bet. Plus it would be wiser to place the bet depending upon the odds hands down. Even if we do talk about the underdogs we might have no idea about anything there. I do think the reason why sports betting works is because people are aware of the games and the players as well, so if you want to take risks here, you definately can because it would mean that you would be earning more if you win. For me I prefer playing it safe therefore I would go for the safer option hands down..
1196  Economy / Economics / Re: Inflation & Supply Chain Issues-How bad is it going to get?! on: October 23, 2021, 06:28:59 PM
The supply chain issues are definitely going to be big for the countries like the US where they import most of the stuff and the factories are not really sufficient enough to handle everything. For the developing countries, the supply chain issues are a bit better but the inflation is worse since their economy is going down due to lack of international exchange.

Plus you should be aware that it's going to affect the upcoming festivals as well. People are going to pay a lot more than the MRP or what it should have been. Therefore what we are seeing right now is not even that bad, one should wait for the Christmas.
1197  Economy / Gambling discussion / Re: Bitcoin Poker Rooms on: October 23, 2021, 05:41:29 PM
Hi everyone, I just created a new account here to learn more about bitcoin. I also like to play poker and I'm wondering if there are any good and trustworthy online bitcoin poker room out there? Thank you in advance!  Smiley

Hello
Well I checked online for the best sites apparently for poker people preferred:
CGpoker
Betonline
Coinpoker
Jazzsports
Nitrogensports
Ignitioncasino
 Source : https://cryptomaniaks.com/best-bitcoin-poker-sites

There are pros and cons of various sites and therefore you must choose the one's that you are used to and check the reviews as well. Other than that people have already listed a lot in here.
1198  Bitcoin / Bitcoin Discussion / Re: Going public saying you own Bitcoin is not safe anymore on: October 23, 2021, 02:18:42 PM
Nowadays we need to be careful when publicly admitting to owning Bitcoin. A lot of crypto traders have been receiving threats as in the case of Daniel one of the guys from Chart Champins.

Things are escalating as, apparently, a 14-year-old kid from England got kidnapped after bragging on social media posts about having lots of money made from trading cryptocurrencies.

That's why I don't like anyone to know I'm in the Crypto business.

It's not just crypto business, am pretty sure it applies to all the businesses as well. Having money and bragging about it is totally ridiculous. People end up getting kidnapped, dead or even scammed by their own family members. Well the kid was too young to know what he should have/shouldn't have done but at the end of the day I hope he is safe and home soon.

That's why we talk about privacy as well. It's not a small issue. It's really complicated as well. Things get messy within seconds.

Even KYC is something that takes all the information and sends it to the government and if the website gets hacked there would be addresses and personal information of the whales coming out as well.

How safe it would be for them ??

Boasting should never be done.
1199  Economy / Gambling discussion / Re: Issue of fixed Matches on: October 23, 2021, 01:06:36 PM
I was with a friend today who was in a hurry to place his bet on some numbers that were sent to him for some football matches that he believes are fixed. I'm a bit confused how fixed matches work.

Are fixed matches real? Do the coach and players of teams were matches have been fixed, do they consent to it? If you were in a team were your next fixture has been fixed, what will be your reaction?


Fixed matches are as real as the normal ones.
Well how you would react to them does depend on you mainly, well you can try and ignore it or you may try and make profits out of them.
At the same time you have to choose to believe in the information or no, it solely depends on you and at the end of the day, it's illegal.
Some coaches takes bribes but most of the times it's individual players who are getting sold out on the black market, plus they actually can get banned if they do decide to go with that therefore its not really ethical or looked in a good way it.
Ignore it if you do find such information. Don't get involved with illegal things.
1200  Bitcoin / Bitcoin Discussion / Re: Walmart Sells Bitcoin on: October 22, 2021, 04:58:41 PM
Well, it's not Walmart itself. Walmart is just hosting Coinstar kiosks which sell Bitcoin. This is in partnership with the crypto wallet and exchange, CoinMe.

For those who have been into Bitcoin for some time, this may not sound interesting at all. But given the fact that this is Walmart, the largest retail company in the world, bringing Bitcoin to the masses, this is rather big. This is bringing Bitcoin to the mainstream. For a start, because this is still in the pilot phase, 200 Coinstar kiosks are installed inside various Walmart stores across the US. If this is successful, this might become bigger in the future considering that Walmart has thousands of stores in the US.

The good thing with Coinstar kiosks is that retail buyers are allowed to buy small amounts of Bitcoin for as long as they're paying with paper bills. The downside, however, is that you are required to setup a CoinMe account which requires KYC. In addition, there is also a 4% transaction fee plus another 7% cash exchange fee.

Do you think this will be successful?


Sources:
1. https://www.reuters.com/business/walmart-allowing-some-shoppers-buy-bitcoin-coinstar-kiosks-2021-10-21/
2. https://www.coindesk.com/business/2021/10/21/walmart-has-quietly-begun-hosting-bitcoin-atms/
3. https://www.reuters.com/article/walmart-cryptocurrency-idUSL4N2RH4BL

The positive thing I get from this is :
Walmart is supporting bitcoins and cryptocurrencies as a whole.

The negative thing:
Extra fee
KYC needed
People don't have much options here.

Now lets talk about the problems that might arise, at the end of the day people should know more about cryptocurrencies before they even start engaging in them, plus if they do buy small amount of coins through Walmart, then am perfectly sure they do know a thing of two about bitcoins, which does mean that they also understand the fact that there might be better sources to buy Bitcoins from, one where they won't have to use KYC this they might be bringing it to masses but they are not offering a good deal.
( But it's not them but they are in a *partnership* which is a little different from them selling those coins )
Good news though.
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