Malta is going to legalize Bitcoin gambling. What do you think?

[VFerrari]

Many years ago, all of us were very sceptical about the internet...what can it do?...is it safe at all? What if this...what if that...

Now...you use the internet like you use your fingers to type! 

 

Bitcoin is just the same. Sceptical at first, second nature later on. It is made to be damn convenient for everyone to use. What nobody wants to know or care about, are the things that needed to be done to make Bitcoin become second nature!

 

This is exactly the same with other forms of entertainment like movies and music. Not many people know what goes on behind the scenes! 

 

So...to make Bitcoin so easy and convenient to use for online gaming, there must not be any hindrances or blockages, right?

 

So...'they' need to ensure that all Gambling Authorities approve and legalise the use of Bitcoin, right?

What goes on behind the scenes to achieve these goals...no one can ever know! 

 

What I don't understand is: what is "their" purpose? Why do "they" do this? 

[Afi4wins]

What I don't understand is: what is "their" purpose? Why do "they" do this? 

 

Their purpose is nothing more than what comes naturally to some people...the need for POWER! 

 

When you're a millionaire, you want to be a billionaire. Once a billionaire, you want to be a trillionaire...and so on.

Power-hunger can never cease or stop...it's like a disease...a very sickly disease!

 

So all these similar power-hungry people group up together and they become so blardy powerful as a group that nothing can be impossible to achieve!

 

What did Hitler wanted during his days? To rule the world!

 

What do these people want now? To rule the world!

Not by staging a bloody war like Hitler did...but by 'silently' conquering the world's financial empire! 

[VFerrari]

Ok, but wouldn't Bitcoin risk to destroy other financial empires, like the one based on the dollar, from which most of the billionaires of the world depend? 

[Afi4wins]

Ok, but wouldn't Bitcoin risk to destroy other financial empires, like the one based on the dollar, from which most of the billionaires of the world depend? 

 

Good question, V my dear! 

 

Let me put it in a simple way...there are too many fiat currencies in the world, right? 

To monopolise any one currency would be almost impossible...much less to monopolise all the currencies.

But with just Bitcoin, the number one cryptocurrency now...and in the future too...they can accumulate all fiat currencies from investors who buy Bitcoin...by the billions...up to a certain extend in the future when they have more than enough fiat currencies in their control to rule the financial empire!

 

As more and more people become 'convinced' to use Bitcoin, the stronger they become!

 

Right now, the rise and fall of Bitcoin value is based on whaaaat???!!!

 

To me, it's pure manipulation and speculation, which they can introduce or remove as they like, because the very big players are their group themselves! The more interest they can create, the higher the value of the Bitcoin....and lesser dependence on the fiat currencies.

[VFerrari]

Good question, V my dear! 

 

Let me put it in a simple way...there are too many fiat currencies in the world, right? 

To monopolise any one currency would be almost impossible...much less to monopolise all the currencies.

But with just Bitcoin, the number one cryptocurrency now...and in the future too...they can accumulate all fiat currencies from investors who buy Bitcoin...by the billions...up to a certain extend in the future when they have more than enough fiat currencies in their control to rule the financial empire!

 

As more and more people become 'convinced' to use Bitcoin, the stronger they become!

 

Right now, the rise and fall of Bitcoin value is based on whaaaat???!!!

 

To me, it's pure manipulation and speculation, which they can introduce or remove as they like, because the very big players are their group themselves! The more interest they can create, the higher the value of the Bitcoin....and lesser dependence on the fiat currencies.

 

Money's value is based on perception. The markets think that the dollar is strong so they buy dollars and they make the dollar strong. If everyone is selling dollars (or every other currency) the dollar loses its value, so there's no point in having billions of them. 

[Afi4wins]

Money's value is based on perception. The markets think that the dollar is strong so they buy dollars and they make the dollar strong. If everyone is selling dollars (or every other currency) the dollar loses its value, so there's no point in having billions of them. 

 

Not quite true my dear. Fiat currency values cannot be dependent on perceptions alone. 

 

In the older days of yesteryears, fiat currency values were based on how much gold bullion they have in their reserves - the more gold, the stronger the currency. But nowadays, the gold bullion has literally lost its power and the fiat currencies become susceptible to global economic conditions. Hence, their values can go up or down any day, depending on the prevailing economic conditions, amongst other important considerations.

[VFerrari]

Not quite true my dear. Fiat currency values cannot be dependent on perceptions alone. 

 

In the older days of yesteryears, fiat currency values were based on how much gold bullion they have in their reserves - the more gold, the stronger the currency. But nowadays, the gold bullion has literally lost its power and the fiat currencies become susceptible to global economic conditions. Hence, their values can go up or down any day, depending on the prevailing economic conditions, amongst other important considerations.

 

Ok, let me rephrase: the end of the gold standard has basically transformed the currency in a commodity similar (not quite identical, of course) to every other. This means that its value is based on the request. If the request of dollars, for example, falls because every one get rid of dollars to buy bitcoin, the value of the dollar drops. 

[Afi4wins]

Ok, let me rephrase: the end of the gold standard has basically transformed the currency in a commodity similar (not quite identical, of course) to every other. This means that its value is based on the request. If the request of dollars, for example, falls because every one get rid of dollars to buy bitcoin, the value of the dollar drops. 

 

Aaah...yes...now you are talking. 

 

Yes...if everyone starts buying Bitcoin with their fiat currencies, they may affect the value of their currencies...depending on the total volume of each currency spent. That would weaken the fiat currencies...but strengthening Bitcoin...which is 'their' target of course. 

[catapultaudio]

Funniest thing is, I've made more money literally just buying bitcoin since the beginning of this year and holding on to it than I have from playing online casinos. The majority of cryptocurrencies currently exist only to be traded, which is in all honesty nothing but gambling anyway. I'm a big believer in the technology and I do occasionally gamble a little of my coin when theres a big spike in value, but the volatility is so crazy at the moment you can end up adding a few % to the house edge just by having your funds in the casino for 24 hours! Better off playing with fiat !

[Afi4wins]

Funniest thing is, I've made more money literally just buying bitcoin since the beginning of this year and holding on to it than I have from playing online casinos. The majority of cryptocurrencies currently exist only to be traded, which is in all honesty nothing but gambling anyway. I'm a big believer in the technology and I do occasionally gamble a little of my coin when theres a big spike in value, but the volatility is so crazy at the moment you can end up adding a few % to the house edge just by having your funds in the casino for 24 hours! Better off playing with fiat !

 

Yes, of course mate...that's what they want to happen anyway...

I would say maybe 80% or more of the public are already 'into their system'...once you're in, you won't be logged out.