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901  Bitcoin / Legal / Re: Prosecution to use Caroline Ellison notes as evidence against SBF on: August 16, 2023, 03:46:11 PM

Suddenly this story changed a lot and it seem like Caroline is throwing SBF under the bus. Plea bargain for Sweet Caroline while SBF takes the fall after all the people will still be blaming him for what happened to the funds under his watch.

You are right. But considering she'd be testifying, that can count as something. Granted, he can deny these sayings as just mere sayings on her part, but a personal diary can contain relevant evidence which can be discoverable. Her notes seem to detail meetings with herself and SBF where he disclosed some issues about the company to her and this can serve as evidence, right? Well I'm not an expert. I guess we'd find how it all went down

This is another news story. In the US, there are 2 types of lawsuit. In the first version, Sam Bankman-Freed agrees with all the charges, cooperates with the authorities, and the trial takes place in a fast procedure with a minimum sentence. If Sam Bankman-Freed refuses, and agrees to a jury trial, then if found guilty, he may receive a long prison sentence or be acquitted. The jury will decide whose testimony is more honest.

Too bad for the kid to have mixed himself with the worse crime organization. Somebody has to fall anyway and it wouldn't be Carol nor Gensler or anyone else from the ones SBF had bribed. SBF used to have access to media where he can be interviewed and even attend conferences, it is different this time. 
902  Economy / Gambling discussion / Re: Gambling discussion effect on: August 16, 2023, 03:30:15 PM
I’m not a regular gambler before I start participating on gambling discussion here due to campaign requirements. Right now I have urge to gamble everytime I saw someone post here about discussion on profit or winning jackpot. Even a simple discussion about strategy makes me want to gamble because I’m excited to try the strategy that I’m thinking.

Right now, I’m still not frequently gambling because of my work but I do regular gambling once or twice a week even if I don’t do this before just because I’m always exposed to gambling discussion and the thought of it makes me want to try.

What’s the effect of gambling discussion here to you? I’m thinking to quit participating on signature campaign that involves gambling discussion in an event that my gambling activities is increasing above my normal habit.

This is a good conversation to think about. I myself rarely posted in the gambling section before being incentivized to do so and since then I have certainly gambled more frequently. While I don’t ever bet enough to truly matter to me, it is interesting to think that signature campaigns themselves could be making money by bringing in new participants by exposing them to the signature campaign and getting them comfortable with gambling.

The best that he may do is just gamble what he earned from the campaign he is in. If he hit the jackpot, that would pay off everything he spent too. But if he wants to limit his activity I think he can gamble on the sport he likes. Most of the time, sports have particular days or weeks where events happen and that is the only time he may only bet.

It's probably not surprising to see campaign participants getting addicted to gambling. Us exposed to it all the time in casinos is very much tempting all the time. Most especially iff the funds are sent to your casino wallet.
903  Alternate cryptocurrencies / Altcoin Discussion / Re: Staking Coins With Annual Returns - Good Idea on: August 15, 2023, 07:03:14 PM
I really think staking is not a good option, this is just my opinion because If we have to stake then there will always be some risk if the price of the coins falls or the project fails to deliver then what will happen? Someone will lost all his funds, but the good option is always trading.

With ETH I think it's going to make stakers a lot of money though and most institutions are going to be holding POS tokens for staking. I think that's what makes it tempting to stake ETH.

It's just not going to be worth using ATOMIC wallet though because it's not an opensource project. I remember there was an issue about it months ago so don't get attracted to wallets like that because of the high interest. You'd rather be using wallets used by the developer itself and are opensource to make sure you won't lose your funds.
904  Economy / Gambling / Re: Dexsport.io ⚡ the first decentralized crypto sports betting platform on: August 15, 2023, 06:31:17 PM
Their website looked professional and I had not come across this thread or TrustPilot before using them. I found them in a blog post. My bad.
Anyway they are 10000% scammers, stay very far away! Wonder how much they invested to get their website up and running because it looks really slick.

Yeah, their website does look really good, and I wouldn't immediately call it an obvious scam.  I mean, someone clearly put in a lot of work and money to make it seem legit. But you know what? Looks can be deceiving. If they're scamming people selectively, like you're saying, they could keep it up for ages. Just like how 1xBit does it.

The dexsport.io account, which had been quiet for a while, suddenly came to life today, probably just after you called out the scam. Maybe now the casino's representative will actually show up on the forum and try to explain these disputed situations.


Agree. The site looks very cool already, it just needs a bit of promotion I think it can get some signup from sports bettors here. It's just sad that they didn't wait for months before showing some signs of scam plans.

I just saw their sports page https://mainnet.dexsport.io/sports
I couldn't believe they are scams though. Maybe one or two users claiming they withdraw their coins could regain their reputation so we'll see what they could do about this now that OP is back online.
905  Economy / Gambling discussion / Re: A weird belief among some gamblers. on: August 15, 2023, 06:19:30 PM
lol I don't really understand how you found this hard to believe. People are fucking weird, and they do all sorts of odd things, and being superstitious about their gambling habits is really far from one of the more outrageous things that people tend to do.

Personally for me, I would be annoyed at some random person asking about my bets. It really isn't anyone's business, so just out of privacy concerns I'd probably tell them to buzz off too. 

With how outrageous people can be, being superstitious in gambling is the least thing I'll ever worry about. There are people offering literally all sorts of weird and crazy things to whatever god they worship to just to win something. With that said, I still wouldn't let other people see my bets. I don't want to be on the receiving end of blame if they even copied my bets.

Referring to the title of this thread, the problem of belief is a phenomenon that is familiar to me personally. In Asia, there are various cultures and beliefs that are adhered to. no exception, when involved with gambling. I personally, have no problem with beliefs that are called strange by some gamblers who think more intelligently and modernly.
But believe me, even we will never understand something that someone does with his gambling that involves strange beliefs in gambling. but certainly, they exist and as long as it becomes a principle for them, or is part of the culture. everything is legal, even they have the right to express what they believe  like what we do, which puts forward something that is more realistic and logical. but in fact, those who believe in superstition have never opposed the modern style of gambling.

As I said at the beginning, in Asia there are many cultures that some people believe can be involved with gambling, especially regarding the lottery. they will try some methods, tricks, methods, which involve the beliefs we call superstitions. but anyway, it all depends on how we interpret it. if we don't believe it, just let them do as they want to do. most importantly, no one is disturbed and harmed. I personally am more realistic, especially when talking about football betting. research and analysis, is a part that I believe in when it comes to betting.

Even in today's time, we see it in boxing matches where they wear necklaces. For some, it may be weird but for them, it's not weird they just respect what others are doing. Pacquiao for example wears the Christian rosary beads in his early career after some time he had that necklace with a cross to which he also bow down in the corner before fighting. The Mexicans also do this afaik.

Khabib the MMA champ has a fur hat for a lucky charm and it seems very lucky, he retired without loss.
906  Economy / Gambling discussion / Re: [POLL] Using AI to predict outcomes on: August 15, 2023, 04:48:44 PM
Has anyone made any progress is uncovering the secrets to get AI to help decide on bets to place for sporting events? With the NBA season now quickly approaching, it would be great to get to mess around with AI and placing bets on games. I guess I’ll have to get down and dirty and see what solution I can come up with.

Of all the AIs launching all over the internet, none so far was able to release one that is for sports betting. The one that it can be relied on is the Bookmarker itself to which whoever has the odds of winning, would also be the pick of the AI.

It's gonna be harder for developers to really get involved in outcome prediction for sports. Probably not as easy as AIs for writing articles and answering questions where AIs can pull sources from the internet.
907  Economy / Gambling discussion / Re: 🥊 The UFC Info and Prediction Thread on: August 15, 2023, 04:08:03 PM
Now that the UFC Fight Night has ended, I think it is safe to say that we are moving on to a new event and I think this is the real deal of a juicy event
(...)

As I posted before, I was predicting an easy win for Sterling, but now I'm having second thoughts. I still think Sterling is more likely to win, but I don't think it will be easy for him to take O'Malley down and Sean is not without a chance. If it goes to distance, O'Malley will probably win and is more likely to win by KO. So Sterling will have to find a way to win by submission.
The current odds for O'Malley are around 3.15, making it a good value bet.

Really curious on how Chris Weidman will perform against Brad Tavares. It's Weidman's first fight since that horrific injury (broken leg) in a fight against Uriah Hall.

If it goes the distance I think Sterling has a more likely chance of getting the W as we've never seen O'Malley go 5 rounds.  But O'Malley's fight vs Yan looked like he wasn't tired after R3.  So he prolly has the gas tank to go all 5, who knows...  But still a question mark.

As for Sterling, what's the best strat to avoid O'Malley's powerrr?  Just do what he does best, wrestle and take his opponent's back.  Sterling via sub is at 3.05.  I think that's fair value.  But if you really wanna go for value in O'Malley, the R1, R2, and R3 propa are at 10, 13 and 18.  A KO at the early rounds is O'Malley's best chance to win.

UFC 292:  Embedded 1
https://www.youtube.com/watch?v=JAByh9xLw8M

It's Striker vs Grappler. He is going to test whether Sean really has a ground game for once and he will defend all the takedowns in this fight. They know each other's strengths so Omalley can also counter before Aljo can even position to take him down considering his accurate punching.

Both are called clowns in UFC though but at least Aljo proves himself against Yan 2. If Sean vs Yan 2 happens again, it could end up differently UFC should have given that fight a rematch before Aljo.  Aljo is the huge favorite but pretty sure Dana wants Omalley to win this.
908  Economy / Gambling discussion / Re: The fight between Mark Zuckerberg and Elon Musk. Who you betting on? on: August 15, 2023, 02:52:34 PM
With all these announcements coming from Mark we can see that he is serious about fighting Elon, whereas Elon has a lot of alibis and lacks seriousness, this is why Elon is good in hype they made us all believe that the fight will push through, anyway he can change his mind anytime since Mark have already that he is ready anytime he is just a call away to make the deal.
It could have been the biggest news and fight this year if the fight had pushed through because this is the first time that it's going to happen two of the richest men on Earth fighting in the ring or octagon, what could be a piece of more interesting news as this.

Evidently because Mark Zuckerberg has been with some famous UFC stars that helped prepare him in his supposed fight with Elon Musk but the latter is not taking things in a serious state which disappoints Mark because it was Elon who started all of these talks and even proposed a cage fight. But now, it turns out that Elon doesn't want any of that fight as he is now making an excuses, an excuse that he will never ran out of.

And then Mark took it seriously like Elon is really going to fight in the cage?
Mark shows courage but this is because he is younger. At Elon's age, the guy will just be kicked below his knee and it will be disjointed. Elon had already trolled several times to give him some cue Mark is just too dumb to catch it.

One billionaire hates another billionaire I guess. They both compete in the tech industry and most probably hate each other's achievements.  


Did Actually Mark take this circus seriously?
I doubt it, and if he did then he must realize as soon as possible that Elon is doing what he usually does, to troll around and catch the attention of the masses. Just think about it, once people started to talk about the fight in a relatively serious manner, Elon suggested to measure their genitals instead a cage fight.

He is intelligent enough to know he cannot give anyone the chance to publicly defeat him and make a public humiliation out of him.  I am expecting this fight not to happen and it may be forgotten as time goes on, unless the lawsuit from Twitter against Meta's threads continues to move forward and people continue to try to convince Elon to accept the challenge.

I doubt Elon talked to Dana about them fighting. But Zucker really talked to Dana for confirmation?   

That dude seriously hates Elon for really stepping up to really pursue both of them on stage while Elon is just tweeting and laughing. Elon is on another level and everyone is a toy for that guy, thats why its never to be believed whatever he is saying. He does it in interviews, the guy trolls just about anyone. He knows he can get away. Even if he tweets about Epstein and his clients on TV, Elon can get away with it.
909  Economy / Gambling discussion / Re: The Latest Game in my Country: Bottle Flip on: August 15, 2023, 02:39:43 PM

I've seen this on tiktok I know some may stake in this game but I wouldn't take it seriously like a bet on it. It's fun watching the game and seeing them take turns in making the bottle stand but this is not for me. It's just for fun that it can be done at a party where your friends are already drunk.

But I tried doing it with the soda bottle some time ago but never really get to make it stand. I take a skill probably like control of the bottle in order to win.
910  Bitcoin / Bitcoin Discussion / Re: Wrong way to accumulate. on: August 14, 2023, 06:24:26 PM

The most popular way of doing it is Dollar Cost averaging or DCA. Basically, buy some BTC every time the price dips. Doing this in the bear market is obviously stressful so you gotta doing it while the bear market is over and has calm down already.

If you are a trader you already know how to check it on a weekly scale where to bottom is somehow calmer and we are about to jump up.  This is the time when an investor planning to DCA makes a huge profit.
911  Economy / Gambling discussion / Re: Reckless gambling starts after a win round. on: August 14, 2023, 04:54:51 PM
Experienced gamblers can control their lust and desire, while amateur will always think that they can take money if they will continue to try,

The rest of it will be dictate with what the outcome will turn. Worst, an amateur will turn to addicted gambler.


It’s not about controlling lust and desire but rather they learn how to be satisfied when they play gambling because they knew exactly what their goal on gambling. If peope can control lust and desire then they shouldn’t gamble already but instead control it within themselves.

As an experienced gambler, I cherish all my gamblin games win or lose and this makes me entertained when gambling including the short pain when losing my money. An amateur addicted gambler doesn’t know what they really want to get and blindly gambling just to chase their unknown profit target.

So there is an amateur addict and there is a seasoned addict lol
The seasoned addict my guess is already satisfied and can just quit at any moment if he decides. The majority of the newbie that is hooked on winning money through the casino is often going to chase the loss since every gambler is doing it to win some of them are even planning to stop when they win their capital back. Only to find out later, they decide to roll again thinking why can't he just double his capital before stopping.
912  Economy / Gambling discussion / Re: 🥊 The UFC Info and Prediction Thread on: August 14, 2023, 04:17:47 PM
Interestingly, Conor McGregor has said he’ll be fighting in December against Michael Chandler. This is the first confirmation I’ve heard of who and when he’ll be fighting. Looks like the wait is on.

I have also seen such news, that finally Conor is having a fight, and his opponent gonna be Chandler. That is the fight UFC have planned for a long time ago. I think it is about time Dana or UFC bosses show who is in charge there. I think they are sick and tired when fighters choose who they want to fight, instead of choose opponents UFC give them. Even in Conor case. It is about time to show who is employer and who is employee.

So much news none of them are confirmed to be true. Chandler will fight Conor whether he is in the USADA pool or not, he will waste Conor for good. I think it was just Gaethje who said will not fight Conor relating to the USADA issue because the junkie has nothing to lose. 

I think it will be easier for Adesanya to finish the battle and there will be unimaginable surprises later.
Even though Strickland is more favored than Dricus, Adesanya himself is a fighter who doesn't give up easily to be able to hold on to the championship belt in his class and destroy anyone who wants to drop his title.
Don't call him the Chinese champion because now that title is no longer valid because Adesanya has become the UFC champion for the Middleweight class. Roll Eyes
Whoever Adesanya's opponent will definitely experience increased emotional feelings but precisely all of that can burn Adesanya's fighting spirit when in the octagon.
I haven't seen the distinctive style of the Adesanya fighter since the last two fights against Alex Pereira, even though Adesanya won in the last fight but he is still recorded in history having one unfinished defeat against Alex Pereira back in 2017. But I am surprised that Strickland's next challenger will be against Adesanya and based on his history he lost against Alex Pereira and there are other defeats that it will be difficult to predict his chances of winning.

As @bittraffic said, the Pre-conference will be more interesting to watch than a real fight in the octagon as they will be fighting for recognition as the best fighter position, but I hope Strickland doesn't talk as much nonsense as he did during the UFC 276 Pre-conference, if he doesn't prove his ability to defeat Adesanya.

Strickland will enjoy the press conference moment because that may just be his opportunity against Adesanya. Nothing else after that. Strickland is a puncher but with a short reach and he doesn't even have a KO punch power. Strickland is no threat to Izzy, Issy can literally just snap jabs in all 5 rounds and Strickland can take a fall any round.
913  Economy / Speculation / Re: What is your anticipation on bitcoin market capitalization as for 2030 on: August 14, 2023, 03:42:35 PM

It was 3Trillions back in 2021. It will be more than 3Trillion probably more than 10 Trillion if they count how many folds it did after 2013.

Considering the things that are going on in the economy, it will be easy to imagine people flocking in crypto when the bull run starts creeping up because everyone wants to make money when the QE starts. Blackrock has 10 Trillion in their pockets, so it should make sense they are not just the one pouring money into BTC.
914  Economy / Gambling discussion / Re: The fight between Mark Zuckerberg and Elon Musk. Who you betting on? on: August 14, 2023, 03:25:11 PM
With all these announcements coming from Mark we can see that he is serious about fighting Elon, whereas Elon has a lot of alibis and lacks seriousness, this is why Elon is good in hype they made us all believe that the fight will push through, anyway he can change his mind anytime since Mark have already that he is ready anytime he is just a call away to make the deal.
It could have been the biggest news and fight this year if the fight had pushed through because this is the first time that it's going to happen two of the richest men on Earth fighting in the ring or octagon, what could be a piece of more interesting news as this.

Evidently because Mark Zuckerberg has been with some famous UFC stars that helped prepare him in his supposed fight with Elon Musk but the latter is not taking things in a serious state which disappoints Mark because it was Elon who started all of these talks and even proposed a cage fight. But now, it turns out that Elon doesn't want any of that fight as he is now making an excuses, an excuse that he will never ran out of.

And then Mark took it seriously like Elon is really going to fight in the cage?
Mark shows courage but this is because he is younger. At Elon's age, the guy will just be kicked below his knee and it will be disjointed. Elon had already trolled several times to give him some cue Mark is just too dumb to catch it.

One billionaire hates another billionaire I guess. They both compete in the tech industry and most probably hate each other's achievements. 
915  Economy / Economics / Re: Can stablecoins be able to prevent de-dollarization? on: August 13, 2023, 05:32:09 PM
Can stablecoins be able to prevent de-dollarization?

Maybe so. But I think the basis of the depolarization is the international trade between countries and the PetroDollar. If let's say, Saudi Arabia which is the largest oil producer will start PetroYuan, then it's the start. To my knowledge, it hasn't been happening but they were very friendly with China since the time Joe threatened to make them Pariah.

The BRICS members however are already agreeing about this de-dollarization except India which opposed it since Modi wants Ruppee to be the one than Yuan.
916  Economy / Gambling / Re: HIT A JACKPOT on BITCASINO.IO - WILL I BE PAID? MY JOURNEY HERE. on: August 13, 2023, 05:01:08 PM
Such a lucky win.  Congrats!

All I thought offers like these are actually scams but you really hit the wagering requirements so that is quite a guarantee that Bitcasino will allow you to withdraw Assuming you will also submit the KYC. Most casinos today will not give you the pass without it. If they hold it or 48 hours I can understand or maybe even week. That's what I read in some threads where users are trying to withdraw a sum.
917  Economy / Gambling discussion / Re: The fight between Mark Zuckerberg and Elon Musk. Who you betting on? on: August 13, 2023, 03:34:38 PM
What is the real reason why these two would fight each other? Because one told that he would beat other and the other person offered to tey it? That reason is so childish. Such calls for a fight stopped to look serious in school. These two are already adults. It is stupid to get offended on something on such an age and times of duels and white gloves slaps are gone.

That is the thing because there is exactly no reason why these two billionaires should prove themselves into a physical fight because that is not who they are, and they haven't got to where they are now because of fighting. Not to disrespect but physical fight shouldn't be their contest because they surely don't have any brute strengths to compete with.

Now when it comes to when did this flame started, I don't totally remember when and why because at first, I just thought that this is just a mere joke. Even now, I still think of the same thing.
Joke or not, it could be used as a major publicity stunt for both platforms. When this topic came out my 1st impression was that Elon would wipe the floor with the guy, but now my opinion has changed. Zuckerberg looks like he's in better shape and trains more.

That's what makes the people to be more curious if they are indeed making the fight happen because both of them are saying the same thing, it's not just a plain words because both of them are also having their respective preparations for the fight. But yes, I do agree with you, they have something different in mind that is why they are making these things and staying relevant to the public.

Elon couldn't say No but he wants to prove he is not backing away from a fight, thts what Elon is doing. More like stalling but enjoys the attention while people are watching every post they do on Twitter.

He is a billionaire, they can make an event happen overnight and fly from west to east with his private jet. But I don't see him training with MMA stars like Zucker so this is more like a stunt of Elon and Zucker being used.
918  Economy / Gambling discussion / Re: Why do 90% of Bettors Lose in Sports Betting in the Long-term? on: August 13, 2023, 03:14:21 PM
-snip
That's what you are going to end up with depending on the results and should be considered a bit different. I think it's quite important to calculate the wins accordingly. For example, if a team loses once every 10 games, that means if their odds are 1.40, that makes 9 games to end up with 1 loss equals to end up making a profit.

That is not really an issue and we should bet that, but if teams lose like 3-4 times out of 10, then it would not be a thing that makes on the long run. This is why I think we should consider the situation to be profitable depending on the situation, check what the team is doing and check the odds and based on something like that will end up with a greater return on the long run as well.
to be more precise, always check or watch the live broadcast of the match to see the actual conditions or situation in the match so that when we see a situation that is going to get bad maybe we are better off cash out from several teams that have already won rather than having to continue betting but end up in doubts of losing . we can do anything to make a profit in sports betting but the problem is if its a multi bet, of course the odds will be higher and more profitable but the risk borne is also very large. so we also have to have some efforts to find ways not to lose too much by cashing out the winning money that has been obtained.

but I understand this condition because sometimes bettors become more aggressive and greedy in wanting to get bigger wins so that the profits from sports betting are not immediately used for other investments but instead are used to bet again with the hope of getting even bigger.
So, you think watching a live broadcast will somehow protect your bet from going south? There's a difference between strategy and wishful thinking. Relying on a live broadcast might give you a sense of the game's flow, but its no insurance policy. And as for cashing out on teams that have already won - thats just a mechanism to protect your fragile confidence.

Higher odds in multi bets obviously mean higher risks; thats Gambling 101. But if you’re not up for the risk, maybe sports betting isnt your game. It sounds like a lack of discipline and strategy on the bettor's part rather than a flaw in the system. Instead of constantly seeking "efforts" to minimize loss, maybe it's time for a change in approach. Stop throwing good money after bad.

It seems that there is a misunderstanding here mate because I honestly think that @len01 is saying differently, so different that you have misunderstood his comment.

It's not a wishful thinking nor a guarantee that watching a live broadcast will help you to win those bets or to prevent those bets from going South because first off, nothing will go South if you don't have any bets on a certain game to begin with. Watch live broadcast will help you analyze the situation and will help you to make a better decision so that you will not lose your bet.

I think he meant to minimize the loss if you cash out once you see the match looks too one-sided to win. Somehow your coins will not be robbed from you, just think of it like you are not a spectator in the game to wait and lose but you have the power to also play around.

But you know it pays to be a fan o the sports, know the game, and know the athletes. It's kind of easy to compare it to a boxing match where you can see Crawford has the edge over Spence by watching sports analyst.
919  Economy / Gambling discussion / Re: 🥊 The UFC Info and Prediction Thread on: August 13, 2023, 03:03:31 PM
Sean Strickland visually looks like a chubby version of Alex Pereira, isn't it so?  Cheesy
And to be honest, Sean is really a retard but funny though. Did you see his and Joe Rogan's conversation? Sean starts conversation with words: 'There is not really much about you Joe, like, you are just Joe Rogan the podcast man that believes in aliens and does drugs'. This man is crazy. Will he be a good promoter of the fight? I don't know, I rarely watch him but I'm afraid Sean will bully him to death, I bet he is going to call him an anime boy and drive him crazy. Overall, should be a good fight but the way Sean will bully Izzy will be a hella of a fun.

I wouldn't call Sean chubby, unless he gained weight recently and I don't know about it. He's notably shorter than Alex and (I'm guessing) has shorter reach.
He's definitely not a retard neither, he got some good observations (the one about Joe Rogan that you quoted being one of them). The way he talks makes him sound dumb, but it's just part of the act, he decided to not hold back and talks whatever's on his mind at the moment. If you look at his early career interviews, he was much more respectful and not very controversial.
And yeah, there's a big chance pre-fight conferences will be much more entertaining than the fight itself. I wish Strickland could beat Adesanya but I just don't see that happening, he just doesn't have what it takes.

It will be one of the fuckest upsets of all time but you can only wish.
Sean has the boldest manner of saying things kinda like the old cracker that will make Izzy a bit careless cause of his anger, it's somehow a mind game that Sean may capitalize on.

If his plan is to also make Izzy gas out it's not going to work. Izzy can strike whichever part of his body and if he throws shots, Sean will be countered and blackout in the first round of their fight, that's what will happen.
920  Economy / Economics / Re: Am I a bad person if I manage to avoid taxes? (Hypothetical question) on: August 13, 2023, 02:39:29 PM
In my country almost all transactions must pay taxes, even the government is making rules for small restaurant businesses with a turnover of just under $ 20k then you have to pay taxes, officers are always active around places or shops on the side of the road and give rules if you avoid tax will be applied fines up to prison.

I don't know, here in my country where everything is also same as you said. Everything has taxes, they would like to put any transactions as possible to apply taxes, so what could be the reason? Of course, corruption. With those taxes, lot of taxes they could easily rob fund of the country for their own comfort. Evading tax is literally could get you to jail, but if you are doing it like in the crypto, they can't arrest you for it since crypto is decentralized and not controlled by the government. I think this would only apply to any businesses especially the big one that are not registered plus doesn't contributing tax for the country. And some people could also evade tax from their own salary especially if you are in the higher position since you have the power to manipulate things that could evade taxes. So they can have their full income with the deduction of taxes which is actually huge if you salary income is high.

You will still be taxed for the things you buy but that's just it. I think it also varies to the crypto regulation of your government. Most countries follow what the US is doing and the one that is somehow obvious is that if the SEC of your country considers crypto to be securities, then you'll be taxed. The US SEC as far as I know already suggests the tokens we earned from staking may also be taxed.

So thats something that is worrisome. What the US government will do may also be implemented in our country.
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