There are always situations where people want to trade or carry out their activities without the official channel and by so doing avoiding to pay tax and this happen in all our daily activities. Someone who probably attach his luggage to a friend going the same direction so as to avoid paying shipping fees to an agency who would therefore add taxes to his charge and also even send money to overseas through a friend rather than going through the route of international money transfer companies because of trying to avoid the charges and taxes that would arise from such.

However, for the author to largely claim the reason for people wanting to try that route and thereby having that amount of transactions under the radar is because government expenditure is increasing is something I do not agree with because its all boils down to operating in a circle. When government increase its spending, thereby increasing taxes you don't do that without increasing the wages that would make the people more disposable to it following the canons of taxation. This would in turn give more money to the people and government gets its portion to finance its own activities.

Even if the Chinese government is able to have their way by ensuring the Philippines government ban gambling, it does not mean the people will stop carrying out their gambling actions. What they would successfully do would be to create room for it to be done under the radar and from the preying eyes of government and its agencies. It then also means loss of revenue to the government of Philippines that would have been generated from the issue of licenses and other fees they would be obliged to pay because you cannot ban and still expect revenue from that same source.

When people face challenges, there are always several alternatives to go with in other to come out on top of the situation. The same thing happens in the case of countries when faced with series of economic challenges just like this. For crypto enthusiasts, we need to have an understanding that crypto currency is not the only solution to every economic problem and not the most potent solution to economic challenge. Every country have its team or experts who understands her economic needs and landscape and are in the best place to give recommendations on the best way to go about it.

You have done well not only by brining in the source of the information but also expand on what is being said. I don't understand why Op would make a news and not include the source for others to have a good understanding about what is being discussed. Its really a good achievement that needs to be appreciated and adopted by every country because it would go a long way is solving issues that goes along birth certificates considering the fact that almost all countries attach great importance to their children born within their jurisdiction. It then means all of the controversy that arises when a child has come of age and then aspiring for political position, and the issue of whether he/she is a citizen does not arise because the blockchain information will be available for everyone to see.

Should this not be in the speculation section of the forum as its more about prediction of what the value of bitcoin would be other than the present.

I really appreciate the thought process before the suggestions are being made because its backed by some serious research that can even be verified which is something that is not common on the forum except individuals who create threads based on their feelings on what they exact the price to be. For me, I think there is really a strong resistance at the moment waiting for a push in the up direction.

No matter what anyone might have done, no one deserves to be given a brutal treatment whatsoever and there are rules else one would be charged with extra judicial murder. In other to avoid a state of anarchy, that is why there are rules and regulations to guide the activities of human beings

I don't even have any word against the culprit because he has paid the ultimate price and it's left for the perpetrators to either live the conscience of their actions or face the music according to the laws of the land.

I agree that the discussion should be about the entire competition looking at individual match could lead to multiple of threads based on continents though because it might get clumsy when you start discussing teams in Europe and the ones in Africa not forgetting their counterparts I'm America and the likes. I am rooting for Germany here though the team just found a way so appealing to me.


Those guys are bunch of jokers looking for someone to make fall for their gimmicks and rip off.

You need to be commended for putting things in the right perspective because I don't understand what Op seeks to achieve by promoting such information without even including the source neither does he wants to paint the actual happenings of things but rather a sentimental news to gather thoughts that the Venezuela economy is doing to bad to the advantage of bitcoin which is totally different from reality.

Yes there is growing interest in the use of bitcoin and it goes beyond Venezuela as its becoming common by the day but it does not translate to everybody in the country now drifting towards that line of action.

I think what OP is looking at is something they would value. For someone who only aware of fiat transactions, giving him or her a gift card or a crypto voucher would be more appreciated than the transfer of $20 into the person bank account. The same goes for this situation too. Giving a crypto voucher might not attract the intended appreciation for someone who is already into crypto. For me, I think the gift card is a good one because, it would show that you need to use it to get something in Amazon and that particular item no matter how small would continue to remind you the source if where it came from.

I am sure the current promoters of the platform would be asking themselves the same question as to where and what point did they miss it but based on the aggregation of opinions, its obvious that they have missed it since a long time again and what is forgotten is that the moment the people moved away from your brand, you will have to do thrice as much to even get a quarter of those people back.

The gambling industry part of bitcoin economy is evolving everyday and platforms that are planning long-term needs to ensure every dots is dotted and at the pleasure of the customers because without them there is no platform.

I do agree with you because majority of the ICOs would tick all of these box established and also with other suggestions other people have equally listed but at the end of the day either by intention or omission, it just does not work out. Some could be the greediness of the managers others could just because the product did not appeal to the generality of the people they are trying to entice and aside that there could be series of project at the same time. The point is, all of these characteristics does not guarantee the best outcome just reducing the chance of being at the disadvantage from the start.

To be factual, as much as there are untold advantages that could arise as a result of a uniform currency to be used around the world, the praticability is one issue that I dont see happening in a lifetime. Countries that have been together by trying as much to unify most of their activities such as currency, immigration, language and even form of administration are breaking apart because they feel one is giving more to the union than the other.

There have also been countries within the same continent trying to even have one uniform currency for decades and that is still not close to being implemented. That is not to talk of the world powers always at each other throats in ensuring they outshine one another either by campaign or by spying among other means would even go a long way in frustrating the use of anything that could share the characteristics.

For one, I am not surprised that the United States is on that list because when it comes to control over the use of funds electronically, they just must be on that list and in recent times there have been several report about the strides the authorities there have been making over in even curtailing the lapses that have been noticed. Digital banking is the way of the future though but should not be interpreted as an avenue to move funds under the radar because that will never be possible with the continuance increase in security and ensuring that the people are safe and the moment the funds can the control, the crime is curtailed.

Fear can cause anything and even going down memory lane, majority have taken decisions due to fear I have been there before. In this case, it could also be the reason why in addition to other factors that might have contributed to it. But really $5billion damages is no small amount and would even go down in history and one of the largest payout by an individual. Narrowing it down to the impact on the market of bitcoin, its going to shake the market should it be redeemed at once and anyone who thinks otherwise is likely being economical with the truth.

I hope the judgement can be appealed for the review of the judgement or if that is not possible a situation where the enforcement of the judgement is done in such a way that the market won't be affected.

Lottery business generally is not really doing well compared to other types of gambling even for fiat based gambling sites and the reason is simple because the chance of winning is too low and diluted compared to others. If I purchase a ticket with the option of choosing 9 random numbers, my chance of winning is 9/100 and I have to wait till its subscribed before the draw is done.

Other form of gambling on the other hand, I get to choose the odds I want to go for or the chance I prefer to go with depending on my appetite for risk and then I make the decision.

In other to make your platform a popular one, you might want to add other forms of gambling as the offerings for the site.

For me the tracing of transactions is something I would adopt and in extreme situations should be able to know the person behind those transactions. One issue I have about bitcoin is that security part of things. Using fiat, should someone manage to transfer money from my account to another, I only need to complaint and get it reversed. On the other hand the person can even be located because of the information provided but all that is not possible in bitcoin the moment your fund is taken, its lost forever and this has been responsible for series of set back in the fight against crime.

Lol... I was actually waiting to see something else. I even went ahead to check the price in the market before making the post and unfortunately the price has even gone below the amount $10,000 mark instead of it increasing as earlier predicted. The point is any one that have make any prediction is just an expression of an opinion and the shame is on the individual who took the prediction in without subjecting it to a test as to whether its something to run with or not.

Its actually nice to express an opinion on the positive side as its good to keep hope alive in the face of several challenges that is being faced by bitcoin in the crypto market.

One unique thing I want to see in a casino site is full transparency regarding every activities of the platform. You promise fast withdrawal, yet you see a site doing batch withdrawal process in other for them to reduce cost. Another one you see is some fixed amount they charge for withdrawal purposes whereas if you are transferring funds you get to pay an amount far lower than what they are charging you and faster at it. Instead of total transparency of telling people they are charging service fees for withdrawals rather they hide under fees. They also promise freebies and the freebies comes with conditions that are not even open to the customers only when there is an issue, they claim you violate their Terms and Conditions.

We need to understand that irrespective the exploits and grounds that bitcoin have covered in its life if existence, it's still an emerging and every factors that could be responsible for not allowing it go mainstream are just part of the challenges that needs to be faced its when that level of maturity has been achieved without any significant penetration, we can then be discussing about the factors responsible for holding of it back and not now.

The problem is not even the individual that moves his btc from one account to the other because he is at liberty to do that and can move it for the most minute reason of getting a good value for money in one exchange site to the more important reason of trying to stay safe. Its his money, and he owes no one an apology to do that. The concern for me is for those who took it upon themselves to start tracking the movement of funds you were not informed of its movement so that an article can be written about it.