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61  Community Forums / Betting Tips and Sport Discussion / Re: Tips for Tikay on: December 11, 2021, 08:15:21 PM
I have a couple of UFC bets tonight on the undercard. Picking a couple of fights to go the distance. Should be a fantastic main event, really looking forward to it.

Tuivasa vs Sakai - to go the distance 7/4
https://www.oddschecker.com/ufc-mma/augusto-sakai-v-tai-tuivasa/will-fight-go-the-distance

Tuivasa came into the UFC fighting light a maniac and achieved some spectacular results. Eventually his lack of any tactics whatsoever caught up with him and he took a few losses when he got towards the top ranked guys Still think he has a lot of potential in a weakish heavyweight division. He has had a couple of easier fights to rebuild and now he gets a step up in class again.

Sakai is a pretty boring heavyweight yet he is ranked 11. He has a definite lack of power, but fights at a fast pace and is a good all round if unspectacular fighter. He is pretty good basically but I don't think he will get many finishes. He also works in an aquarium shop part time.

I'm banking on a new found maturity from Tuivasa and for this to turn into an ugly affair with Sakai dominating the wrestling and Tuivasa winning the striking. Of course Tuivasa could get the flash KO, but I like these odds

Anders vs Muniz - Anders by decision 9/2 BF or PP
https://www.oddschecker.com/ufc-mma/andre-muniz-v-eryk-anders/method-of-victory
I was looking for an underdog bet and I like this one. Muniz is 3-0 in the UFC but his first fight showed his stamina issues. Since then he got two quick first round subs. Impressive wins but this is the type of profile of fighter I am looking to bet against. Interestingly Anders has never been submitted in 20 fights. A former linebacker and a very strong well built physique, a slow paced fighter. He could be tough to take down and smart enough to earn the decision.

I am banking on Anders most of Muniz takedown attempts and then taking over the fight when Muniz suspect cardio strikes. Maybe Muniz wins the first but Anders wins the last two. I like 9/2 on that outcome.
62  Poker Forums / Live Tournament Staking / Re: Stuart Rutter WSOP and WSOPE 2021, selling at 1.0 (as yet, details unknown) on: December 03, 2021, 12:10:29 PM
Rooting for you Stu!
63  Community Forums / Betting Tips and Sport Discussion / Re: The long overdue (no staking) tennis betting and discussion thread on: December 01, 2021, 11:37:53 AM
Jo Konta has retired from tennis
https://www.bbc.com/sport/tennis/59466439
64  Poker Forums / Internet Poker / Re: Party Poker on: November 29, 2021, 10:47:01 PM
I guess they just decided chat was a net negative. Just have to deal with all the abuse and ban people and they don't get any money from it. But yeah, just makes it more anonymous and make me want to play live poker again instead!
65  Community Forums / The Lounge / Re: Official cryptocurrency thread (Bitcoin, Ethereum, Altcoin) on: November 25, 2021, 05:53:52 PM
You could be right as there actually thousands of them. But I'm asking you about Bitcoin specifically because I think that is the most established and stable crypto. If you think Bitcoin is a pyramid scheme, then I think I am not smart enough or know enough about it to change your mind and I'm sure you'll continue to have a great life without it.
66  Community Forums / The Lounge / Re: Official cryptocurrency thread (Bitcoin, Ethereum, Altcoin) on: November 25, 2021, 02:29:17 PM
Basically my point is that if you are an individual or a company who regularly exchanges money over national borders or deal in lots of different countries  and currencies then it makes sense to think about having some of your financial assets held in Bitcoin and see how open your trading partners are open to it. You should at least investigate this rather than dismissing it outright.

No way should anyone go all in and have all of their assets in crypto, let alone in just one crypto. In the same way that a company probably shouldn't have all their exposure in one FIAT currency or one national economy. Diversification is key. Because one country could experience an ecomonic crash or a 'black swan' event and a FIAT currency could also experience a big drop.

Clearly Bitcoin is more volatile than the dollar or the pound and is different from a FIAT currency. So unless you are trying to time the market then you are going to have to deal with the swings. Obviously some people prefer the stability of dealing with pounds, dollars or euros and that's fine. That's what you are paying your fees to banks and currency exchange brokers for - stability and piece of mind. Established financial institutions have monetised these feelings very well.

As an aside, a theme that has developed from a few posters seems to be that because crypto doesn't have any relevance in their everyday life right now it should just be described as useless or called a scam,pyramid or ponzi. I just think that is very closed minded and short termist. Many young people are living more of their life online and since the pandemic and lot more older people are too. With that in mind there is no reason why digital art through NFTs and crytocurrency shouldn't thrive or be as succesful as FIAT currency or physical art.

Personally I don't trust the state and the government very much, so I think having some decentralised assets is a good thing as a protection and hedge against the world going completely tits up and the global economy collapsing.

Bitcoin is not the same as the 200th ranked coin in the crypto rankings on Coinmarketcap. In the same way - shares in Apple are not the same as a penny stock or the US Dollar is not the same as Argentinian Peso.

You shouldn't use a broad brush to lump all crypto in together. Some cryptocurrencies will fail. Some companies will go bankrupt. Some FIAT currencies will devalue.

Bitcoin is established now, like it or not. It has provenance. Large financial institutions are getting involved and dipping their toe in. It is being legitimized.




.... If you want to change pounds to dollars, you can shop around but you are going to lose a few % everytime you change it. Perhaps not a big deal for a few trips to the Rhino in Vegas, but if you are a business then this kind of thing adds up.
...

But - unless all your suppliers are using BTC then at some point you need to convert BTC to $ (or £'s or whatever)

If you did that on the 21st Jan 21 you'd get about $22,500 per BTC
But if you did it on the 21st Feb 21, you'd get nearer $41,000
on the 21st May you'd get $26,000
and on the 21st June you'd be down to closer to $22,500 again

All the upswings are good for profit - but how could any reasonable company cope with that volatility?

Surely the few % lost from standard banking transactions is going to work out less in the long term than the massive chunk that could be lost from BTC suddenly halving in value just as you need to get FIAT currency to pay a supplier?
67  Community Forums / The Lounge / Re: Official cryptocurrency thread (Bitcoin, Ethereum, Altcoin) on: November 25, 2021, 02:02:02 PM
So do you think Bitcoin is a pyramid scheme and eventually all Bitcoin will be worth zero or close to zero?

Pokerpops and RickBFA - have either of you heard about this thing. It is coming soon. It is inevitable. It is called..... THE FUTURE.

At some point nobody had debit and credit cards and now everyone does. At some point nobody had internet banking and the internet didn't even exist. There was even a time before computers! Things change. If you get in and use something early you can even get extra benefits for being ahead of the curve.

For the average British bloke with a steady job, a mortgage, good credit rating and a bank account then yeah, probably you don't ever need to use crypto. That's true. The financial system in the UK is working and regulated and relatively ok. Gambling is completely legal and tax free.

 But everyone in the world isn't the same as that. Some people can't get a debit card, or a Paypal account. Some people live in countries where they can't trust banks, or their national currency is a joke. Some people live in America and want to play online poker but it is illegal and has been for 10 years. Some people want to send money quickly and efficiently over borders in a matter of hours for reasonable fees, rather than waiting weeks and and/or getting gouged on fees by someone like Western Union or their bank. Just open up your imagination a bit and think about all the ways that cryptocurrency could be useful if your circumstances were different.

And the argument that crypto is used to fuel illicit transactions always makes me laugh. How many times in history have there been drug deals or arms deals paid for with bags full of money. Police find a stash of drugs and a stack of cash. At no point does anyone ever say, we shouldn't use US$ as it is fuelling illegal transactions. Ban dollars!

It is a currency it has value, you can use it to buy things. Bitcoin and other cryptos are also a currency. So you can use it to buy pizza, a beer or also drugs and guns. The same as you can use pounds or dollars. If the buyer and the seller both want to do a transaction in crypto then it is just as viable as in pounds and often more convenient. If you want to change pounds to dollars, you can shop around but you are going to lose a few % everytime you change it. Perhaps not a big deal for a few trips to the Rhino in Vegas, but if you are a business then this kind of thing adds up.

I wonder what the line is on the time you can use Bitcoin to pay for your weekly Asda grocery shop? I don't think it will be long to be honest.

Yes many cryptos are crap, but many FIAT currencies are also shaky. How many FIAT currencies would you be comfortable in holding for a long period of time or investing in? Probably not too many. Yet there are over 100 currencies around the world. Same for crypto, there are some good ones and some bad ones. I'd rather store my wealth in bitcoin than in 80 or 90% of FIAT currencies in the world. So no wonder people might prefer to use it than the Tanzanian Shilling.


Interesting post this and some good points on crypto used for illicit stuff being kind of a non factor, anyway thanks.

I get some of it but do struggle with the intrinsic value aspect versus say a promise from the Fed or the B of E.

One thing I'm certain of though, I wish I'd shelved all my cynicism and fear of getting burned and invested small and regular loseable amounts in btc !

One thing that Haralabob talks about in the podcast I linked to is that how everyone in Bitcoin is filled with regret. Even the people who became millionaires could still have got in earlier, they could have invested more. Why did they take profit when Bitcoin was $4k? Why did they diversify into altcoins instead of leaving it in BTC. Regret is the common thread linking all crypto currency investors big or small!

I’ve lived long enough to experience all those newfangled things you mention. I appreciate the future and the opportunities it presents.

I’ve also lived long enough to see that pyramid schemes are only good for early adopters (and very bad for late entrants)
Long enough to know that eventually all bubbles burst.
Long enough to know that the final regret for all those crypto investors will be not having sold when they could still do so…



68  Community Forums / The Lounge / Re: Official cryptocurrency thread (Bitcoin, Ethereum, Altcoin) on: November 24, 2021, 09:21:09 PM
Pokerpops and RickBFA - have either of you heard about this thing. It is coming soon. It is inevitable. It is called..... THE FUTURE.

At some point nobody had debit and credit cards and now everyone does. At some point nobody had internet banking and the internet didn't even exist. There was even a time before computers! Things change. If you get in and use something early you can even get extra benefits for being ahead of the curve.

For the average British bloke with a steady job, a mortgage, good credit rating and a bank account then yeah, probably you don't ever need to use crypto. That's true. The financial system in the UK is working and regulated and relatively ok. Gambling is completely legal and tax free.

 But everyone in the world isn't the same as that. Some people can't get a debit card, or a Paypal account. Some people live in countries where they can't trust banks, or their national currency is a joke. Some people live in America and want to play online poker but it is illegal and has been for 10 years. Some people want to send money quickly and efficiently over borders in a matter of hours for reasonable fees, rather than waiting weeks and and/or getting gouged on fees by someone like Western Union or their bank. Just open up your imagination a bit and think about all the ways that cryptocurrency could be useful if your circumstances were different.

And the argument that crypto is used to fuel illicit transactions always makes me laugh. How many times in history have there been drug deals or arms deals paid for with bags full of money. Police find a stash of drugs and a stack of cash. At no point does anyone ever say, we shouldn't use US$ as it is fuelling illegal transactions. Ban dollars!

It is a currency it has value, you can use it to buy things. Bitcoin and other cryptos are also a currency. So you can use it to buy pizza, a beer or also drugs and guns. The same as you can use pounds or dollars. If the buyer and the seller both want to do a transaction in crypto then it is just as viable as in pounds and often more convenient. If you want to change pounds to dollars, you can shop around but you are going to lose a few % everytime you change it. Perhaps not a big deal for a few trips to the Rhino in Vegas, but if you are a business then this kind of thing adds up.

I wonder what the line is on the time you can use Bitcoin to pay for your weekly Asda grocery shop? I don't think it will be long to be honest.

Yes many cryptos are crap, but many FIAT currencies are also shaky. How many FIAT currencies would you be comfortable in holding for a long period of time or investing in? Probably not too many. Yet there are over 100 currencies around the world. Same for crypto, there are some good ones and some bad ones. I'd rather store my wealth in bitcoin than in 80 or 90% of FIAT currencies in the world. So no wonder people might prefer to use it than the Tanzanian Shilling.


Interesting post this and some good points on crypto used for illicit stuff being kind of a non factor, anyway thanks.

I get some of it but do struggle with the intrinsic value aspect versus say a promise from the Fed or the B of E.

One thing I'm certain of though, I wish I'd shelved all my cynicism and fear of getting burned and invested small and regular loseable amounts in btc !

One thing that Haralabob talks about in the podcast I linked to is that how everyone in Bitcoin is filled with regret. Even the people who became millionaires could still have got in earlier, they could have invested more. Why did they take profit when Bitcoin was $4k? Why did they diversify into altcoins instead of leaving it in BTC. Regret is the common thread linking all crypto currency investors big or small!
69  Community Forums / The Lounge / Re: Official cryptocurrency thread (Bitcoin, Ethereum, Altcoin) on: November 24, 2021, 04:31:15 PM
Pokerpops and RickBFA - have either of you heard about this thing. It is coming soon. It is inevitable. It is called..... THE FUTURE.

At some point nobody had debit and credit cards and now everyone does. At some point nobody had internet banking and the internet didn't even exist. There was even a time before computers! Things change. If you get in and use something early you can even get extra benefits for being ahead of the curve.

For the average British bloke with a steady job, a mortgage, good credit rating and a bank account then yeah, probably you don't ever need to use crypto. That's true. The financial system in the UK is working and regulated and relatively ok. Gambling is completely legal and tax free.

 But everyone in the world isn't the same as that. Some people can't get a debit card, or a Paypal account. Some people live in countries where they can't trust banks, or their national currency is a joke. Some people live in America and want to play online poker but it is illegal and has been for 10 years. Some people want to send money quickly and efficiently over borders in a matter of hours for reasonable fees, rather than waiting weeks and and/or getting gouged on fees by someone like Western Union or their bank. Just open up your imagination a bit and think about all the ways that cryptocurrency could be useful if your circumstances were different.

And the argument that crypto is used to fuel illicit transactions always makes me laugh. How many times in history have there been drug deals or arms deals paid for with bags full of money. Police find a stash of drugs and a stack of cash. At no point does anyone ever say, we shouldn't use US$ as it is fuelling illegal transactions. Ban dollars!

It is a currency it has value, you can use it to buy things. Bitcoin and other cryptos are also a currency. So you can use it to buy pizza, a beer or also drugs and guns. The same as you can use pounds or dollars. If the buyer and the seller both want to do a transaction in crypto then it is just as viable as in pounds and often more convenient. If you want to change pounds to dollars, you can shop around but you are going to lose a few % everytime you change it. Perhaps not a big deal for a few trips to the Rhino in Vegas, but if you are a business then this kind of thing adds up.

I wonder what the line is on the time you can use Bitcoin to pay for your weekly Asda grocery shop? I don't think it will be long to be honest.

Yes many cryptos are crap, but many FIAT currencies are also shaky. How many FIAT currencies would you be comfortable in holding for a long period of time or investing in? Probably not too many. Yet there are over 100 currencies around the world. Same for crypto, there are some good ones and some bad ones. I'd rather store my wealth in bitcoin than in 80 or 90% of FIAT currencies in the world. So no wonder people might prefer to use it than the Tanzanian Shilling.
70  Community Forums / The Lounge / Re: Official cryptocurrency thread (Bitcoin, Ethereum, Altcoin) on: November 24, 2021, 10:45:04 AM
Great timing in answer to the question what is crypto and what is it for?

https://www.youtube.com/watch?v=S9XAxNRXLvQ&t=807s

Two hour podcast with Haralabos Voulgaris talking about why he likes crypto. Some fun gambling stories thrown in there too. For those that don't know him. He is/was a big sports bettor. Also a poker player. The last few years he worked as a coach for an NBA team.

In the early days he got paid a lot of his gambling winnings in crypto, especially from Chinese people and it was so easy compared to in FIAT and how much would get vigged by financial institutions. He is quite suspicious of NFTs, though he has quite a few.

He really likes cryptopunks. He thinks some of the cachet of them comes from the story of how they were made and given away. Some with Bitcoin, it was made with an ideology, so this gives it value compared to the other coins. I didn't really think of that one but it is a good point.

He also talks about the influence of the US Central bank and other national banks and how that is bad and dangerous for people. And it is good to have an alternative type of money that doesn't have that which you can choose to use/hold if you like.

To RickBFA, I would say that Bitcoin is bluechip at this point. It is very trustworthy. Large financial institutions are getting involved and holding it. It is very solid just because of how it is created and the fact that nobody controls it.
71  Community Forums / The Lounge / Re: Official cryptocurrency thread (Bitcoin, Ethereum, Altcoin) on: November 24, 2021, 12:10:29 AM
duplicate post
72  Community Forums / The Lounge / Re: Official cryptocurrency thread (Bitcoin, Ethereum, Altcoin) on: November 24, 2021, 12:02:57 AM
If you view NFTs in a similar way to a piece of art, I think that is a fair comparison and makes a bit more sense. In my opinion, art really doesn't have much benefit to society apart from people think it looks nice, or maybe even beautiful. It certainly isn't worth the amount that a lot of people pay for it.There are a lot of NFTs being created by artists, they are then selling them on forums on OpenSea and making a living.

Some of the NFTs are actually really creative. Even some of the avatar type things are quite fun. A game like Sorare is fun because it is fantasy football.

But yes a majority of NFTs are absolute shite just jumping on the bandwagon. But in my opinion, a majority of art is also absolute shite, so there we go. A lot of NFTs are just digital art.

Something like a cryptopunk is now basically like a digital asset. Compare it to a diamond for example in my opinion.

What is the benefit of art apart from enriching the original creators? Same thing really. But nobody says art is dangerous when you go and overpay for some crappy painting.
/
The whole concept of collectability is an interesting one isn't it? It is like what do rich people do with their surplus income? Do they donate it to charity or do something useful with it, or do they spend it 'collecting' some random thing and then just storing it in their house and occasionally looking at it.

Conclusion. I think NFTs are stupid. I also think art is stupid.

Crypto itself though is not stupid.

Seems to me that NFT is just crypto with a smiley attached. So,

What is crypto if it’s not just an NFT that doesn’t have any claim to artistic merit?



If you aren't convinced by crypto yet, then I am not sure I am going to manage to do it right now in this thread!

I am by no means and evangelist but I hate being screwed over by banks, I hate exchanging currency and being vigged by currency exchange firms and also by banks. It is a de-centralised form of money that you can use all around the world and you can have varying degrees of anonymity depending on which coin you use and fees can also be very low. In the neighbourhood where I live in Berlin there are quite a few places you can pay with crypto.

One only needs to look at the likes of Visa and Mastercard and how they can just ban people on a whim or bowing to religious zealots for example to think that having a decentralised alternative with nobody controlling it is needed. Have a read about Exodus Cry. What I would consider an extreme religious group who puts pressure on Visa and MasterCard to ban certain groups of people from using their services and as these two companies are a semi-monopoly

Just one take on crypto. There are many more avenues and uses, I am not an expert or super knowledgeable or anything.
73  Community Forums / The Lounge / Re: Official cryptocurrency thread (Bitcoin, Ethereum, Altcoin) on: November 23, 2021, 11:47:14 PM
If you view NFTs in a similar way to a piece of art, I think that is a fair comparison and makes a bit more sense. In my opinion, art really doesn't have much benefit to society apart from people think it looks nice, or maybe even beautiful. It certainly isn't worth the amount that a lot of people pay for it.There are a lot of NFTs being created by artists, they are then selling them on forums on OpenSea and making a living.

Some of the NFTs are actually really creative. Even some of the avatar type things are quite fun. A game like Sorare is fun because it is fantasy football.

But yes a majority of NFTs are absolute shite just jumping on the bandwagon. But in my opinion, a majority of art is also absolute shite, so there we go. A lot of NFTs are just digital art.

Something like a cryptopunk is now basically like a digital asset. Compare it to a diamond for example in my opinion.

What is the benefit of art apart from enriching the original creators? Same thing really. But nobody says art is dangerous when you go and overpay for some crappy painting.
/
The whole concept of collectability is an interesting one isn't it? It is like what do rich people do with their surplus income? Do they donate it to charity or do something useful with it, or do they spend it 'collecting' some random thing and then just storing it in their house and occasionally looking at it.

Conclusion. I think NFTs are stupid. I also think art is stupid.

Crypto itself though is not stupid.

Is Soare just like fooptball index?

The game is different. A key point is the scarcity of the cards and there can only ever be a certain amount of each type.

 It is a bit like fantasy football or DFS but you pay all of your entry fees up front.

I'd say it has more legitimacy than Football Index in terms of the investors behind the project such as Softbank and other venture capital firms (Disclaimer - I never played Football Index). I like the team who run it but it could certainly go tits up like any Cyrpto project. I wouldn't recommend anyone invest in it off the street, BUT if you are going to invest in some kind of crypto project then this is one of the more robust ones and you can make an income each week and slowly get your investment back. It is also a bit of a hedge against the volitility of Ethereum. So if you have a bunch of ETH, you could put a bit of it into the game and get some cards.
74  Community Forums / The Lounge / Re: Official cryptocurrency thread (Bitcoin, Ethereum, Altcoin) on: November 23, 2021, 05:51:41 PM
If you view NFTs in a similar way to a piece of art, I think that is a fair comparison and makes a bit more sense. In my opinion, art really doesn't have much benefit to society apart from people think it looks nice, or maybe even beautiful. It certainly isn't worth the amount that a lot of people pay for it.There are a lot of NFTs being created by artists, they are then selling them on forums on OpenSea and making a living.

Some of the NFTs are actually really creative. Even some of the avatar type things are quite fun. A game like Sorare is fun because it is fantasy football.

But yes a majority of NFTs are absolute shite just jumping on the bandwagon. But in my opinion, a majority of art is also absolute shite, so there we go. A lot of NFTs are just digital art.

Something like a cryptopunk is now basically like a digital asset. Compare it to a diamond for example in my opinion.

What is the benefit of art apart from enriching the original creators? Same thing really. But nobody says art is dangerous when you go and overpay for some crappy painting.
/
The whole concept of collectability is an interesting one isn't it? It is like what do rich people do with their surplus income? Do they donate it to charity or do something useful with it, or do they spend it 'collecting' some random thing and then just storing it in their house and occasionally looking at it.

Conclusion. I think NFTs are stupid. I also think art is stupid.

Crypto itself though is not stupid.
75  Community Forums / The Lounge / Re: Official cryptocurrency thread (Bitcoin, Ethereum, Altcoin) on: November 23, 2021, 03:05:54 PM
I would counter by saying the much of the financial sector provides zero benefit to society as do many businesses as a whole including things like bookmakers, share trading companies etc.

What a weird argument. Where is that article from?

You used the term exploitation. But with football teams being sponsored by the likes of payday loans companies and and bookmakers and actually owned by repressive regimes who exploit their population I don't think NFTs are the problem here!
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