X201
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Post by X201 on Feb 8, 2023 14:45:24 GMT
Makes it easier for the Russian's to hide their money in London and donate to the Conservative Party
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Post by drhickman1983 on Feb 8, 2023 16:44:22 GMT
At best it just feels like yet another solution to a problem that doesn't exist.
Digital currency!
Because at the moment we're all paying for everything in paper money and coins.
At worst... Yeah, nice way to hide those dodgy backhanders from foreign powers.
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Post by smoothpete on Feb 10, 2023 7:59:44 GMT
Fantastic article about FTX and SBF from the Financial Times: archive.is/hdQe9“ EMAIL - NOV 13 FROM: SAM BANKMAN-FRIED TO: JOHN RAY Hey John, I’d be super happy to chat — here, phone, etc.! Sam EMAIL - NOV 14 FROM: SAM BANKMAN-FRIED TO: JOHN RAY I’d actually love to talk to you, John, and don’t need my counsel to talk first—I’m ready/prepared to talk, and think it would be very constructive and helpful for coordination between offices and entities for us to have a productive communicative relationship—or at last to explore having one. Sam EMAIL - NOV 15 FROM: SAM BANKMAN-FRIED TO: JOHN RAY Hey John, I’d really love to talk. We’ve been having a lot of trouble responding to the Bahamian provisional liquidators’ questions because we keep getting locked out of our systems, and we’re not getting much of a response on that. We’d really love to access to our 1password accounts, and GCP, and AWS. I’d also just love to talk with you and synch up so hopefully we can work constructively together… Please reach out anytime. Sam EMAIL - DEC 12 FROM: SAM BANKMAN-FRIED TO: JOHN RAY Hi Mr Ray, I have potentially pertinent information concerning future opportunities and financing for FTX and its creditors. I also believe that I have relevant financial information about FTX US, and further that I have potentially relevant regulatory information concerning FTX. I would love to talk to you, whether it’s via email or phone, and to work constructively with you and the Chapter 11 team to do what’s best for customers… Sam. EMAIL - JAN 2 FROM: SAM BANKMAN-FRIED TO: JOHN RAY Mr Ray, I know things haven’t gotten off on the right foot, but I really do want to be helpful… As I’m guessing you’ve heard, I’m in NYC for the next day. I’d love to meet up while I’m here — even if just to say hi… Sam Ray never replied.” LOOOOL
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Post by Resident Knievel on Mar 11, 2023 8:40:18 GMT
USDC stablecoin had a large amount of funds held in SVB bank which just collapsed so its went from probably not backed 1:1 with the dollar to definitely not backed 1:1 with the dollar.
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Post by drhickman1983 on Jul 4, 2023 15:23:27 GMT
I've been seeing a few nrey murmurings of "britcoin" recently, the Bank of England digital currency.
Just asking here because I can't be arsed to ask anywhere else but I'm not finding answers via Google.
Can anyone explain what the actual benefits are supposed to be?
So it's a digital coin that you can buy things with... Okay, how is that better than just using my debit card?
Now, I've seen some concerns regarding privacy and mutterings about expiry dates and such, which may be accurate but I'm also conscious there's a lot of noise from the cashless conspiracy brigade, so I'm just trying to work out what the point of CBDCs are, and if any of the tinfoil hat concerns are possibly partly valid.
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gray
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Post by gray on Jul 13, 2023 20:06:09 GMT
If you had bought Bitcoin 6 posts ago on this thread, today you would have doubled your money.
Or roughly about 20 or so pages of people complaining about the cost of living thread...
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gray
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Posts: 390
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Post by gray on Jul 13, 2023 20:29:34 GMT
Quote this next month when it's back to $15,000
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Post by Jambowayoh on Jul 13, 2023 20:34:20 GMT
If you had bought Bitcoin 6 posts ago on this thread, today you would have doubled your money. Or roughly about 20 or so pages of people complaining about the cost of living thread... I'm trying to see what your point is.
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Post by Honk If You're Horny? on Jul 13, 2023 20:51:29 GMT
If you had bought Bitcoin 6 posts ago on this thread, today you would have doubled your money. Or roughly about 20 or so pages of people complaining about the cost of living thread... If you put £1000 pounds on red and it came in you'd have doubled your money.
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Post by cristar on Jul 14, 2023 10:11:05 GMT
Not gonna celebrate too much when it's at $75 dollars from the $100 I stuck on it 3 years ago. lol
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Post by Matt A on Jul 14, 2023 10:22:12 GMT
Has anybody heard of Matched Betting, sites like Odds Monkey? People claim it's a viable side hustle where you can make a couple hundred quid a month. I tried it but ethically it's questionable because the way it works out, you aren't taking money from bookmakers, you take it from other gamblers.
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Post by Jambowayoh on Jul 14, 2023 11:04:20 GMT
Has anybody heard of Matched Betting, sites like Odds Monkey? People claim it's a viable side hustle where you can make a couple hundred quid a month. I tried it but ethically it's questionable because the way it works out, you aren't taking money from bookmakers, you take it from other gamblers. TOP TIP: The people calling it a 'viable side hustle' are the people waiting to take your money off you.
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Post by Matt A on Jul 14, 2023 11:25:19 GMT
Yeah the site charges you for odds matching but it relies on betting exchanges where you essentially act as a bookmaker. On an exchange you can bet for something not to happen, and the exchange matches your bet against somebody who wants to bet normally. The point is to make the same bet on a traditional bookmaker and so your two bets cancel each other out. And the point of doing this is bookmakers offer free bets for like ten or twenty pounds, and you follow the same process, make two bets on a bookmaker and an exchange, only this time you transition the free bet into real money you can withdraw. It does work, but it's unethical because the loser isn't, as oddsmonkey would have you believe, the bookmaker, it's some poor sod gambler.
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Post by Jambowayoh on Jul 14, 2023 11:37:00 GMT
Well there you go then. Preying on the desperate who are looking to make some quick money.
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Post by Matt A on Jul 14, 2023 11:37:42 GMT
Yes
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cubby
Junior Member
doesn't get subtext
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Post by cubby on Jul 14, 2023 11:41:37 GMT
At the end of the day isn't all profit at the expense of others?
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Post by Jambowayoh on Jul 14, 2023 11:56:41 GMT
At the end of the day isn't all profit at the expense of others? That's the base, non-nuanced take, yes.
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Post by Matt A on Jul 14, 2023 12:25:17 GMT
One eye opener registering with a couple of bookmakers though is if you don't gamble, your perception of the industry is from adverts that espouse responsibility, gamble aware and know your limits, all that horseshit. Well if you do register, the private email discourse they absolutely fucking hammer you with enticement offers.
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Zomoniac
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Post by Zomoniac on Jul 15, 2023 11:30:24 GMT
Has anybody heard of Matched Betting, sites like Odds Monkey? People claim it's a viable side hustle where you can make a couple hundred quid a month. I tried it but ethically it's questionable because the way it works out, you aren't taking money from bookmakers, you take it from other gamblers. I did it for a bit about five years ago. Assuming things are now as they are then, it’s worth doing for a short while. Rinsing all the sign up offers for all the bookies made me over a grand in a few weeks doing a few minutes a day. But once you’ve done all the initial sign up offers the repeat ones take way longer and offer a tiny fraction of the return, and unless you’re actually broke really isn’t worth your time.
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Post by Matt A on Jul 15, 2023 11:35:58 GMT
Yeah I joined Oddsmonkey for one month to see how it all worked because some people claim to have rinsed as much as 20k and after looking at the walled off parts of the site I'm still none the wiser.
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Zomoniac
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Post by Zomoniac on Jul 15, 2023 12:03:32 GMT
Also not sure how you’re making the money from other gamblers. The basic loop is you make and lay a bet that guarantees a small loss but gets you a free bet, then you place that free bet and lay it on an exchange to guarantee a win. You’re effectively converting promotional free bets into about 80% of their cash value, that’s where the profit is coming from.
The initial offers for somewhere like Sky Bet are like bet £5 and get a £30 free bet, which is very easy to cash in quickly. Their weekly reward promo is bet £30 and get a £5 free bet, which will get a profit of about £3.50 and isn’t worth the time it takes.
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Post by Matt A on Jul 15, 2023 12:08:43 GMT
I might have got it wrong but my understanding of laying a bet on an exchange, you are selling to a punter that is wanting to make the bet, it's not the exchange itself that is making the bet.
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Zomoniac
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Post by Zomoniac on Jul 15, 2023 12:12:08 GMT
I might have got it wrong but my understanding of laying a bet on an exchange, you are selling to a punter that is wanting to make the bet, it's not the exchange itself that is making the bet. That’s right, but it doesn’t matter if you lose to that punter, that’s not where the profit is coming from.
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Post by Matt A on Jul 15, 2023 12:17:14 GMT
When I said ethics though i meant if you think bookmakers are inherently unethical, using the exchange you're acting as a bookmaker.
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kal
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Post by kal on Jul 23, 2023 7:36:39 GMT
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Post by dfunked on Jul 23, 2023 7:49:42 GMT
It's been a while since I've even heard of NFTs... It's like the world just collectively agreed that they're a worthless con.
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kal
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Post by kal on Jul 23, 2023 8:03:57 GMT
There was at least one person in this very thread aggressively defending them.
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Frog
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Post by Frog on Jul 23, 2023 8:13:43 GMT
That won't stop square enix and Ubisoft trying to push them though.
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Post by Honk If You're Horny? on Jul 23, 2023 9:09:09 GMT
NFT's are a great example of the pseudoscience that is used to sell crypto.
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Post by Jambowayoh on Jul 23, 2023 10:35:42 GMT
There was at least one person in this very thread aggressively defending them. I've just been rereading the thread and...yeah he really did defend them quite strongly, as well as the BLOCKCHAIN but while talking about how NFT's benefit individual artists he could never produce a clear benefit for their existence.
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