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Re: [CFNP] Poker-People-Focused Signature Campaign | SwC Poker ♣ BITCOIN POKER
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Received it, thank you so much. Re: Philippine House has introduced a bill to establish a strategic bitcoin reserve.
Yes, no doubt with that. Still we can say two things.
1. They(lawmakers) like it because they can use it for their next level corruption.
2. No, they don't like it because of its transparency and they'll be caught in the act if they support it.
You can't use Bitcoin for corruption in this sense. It is the worst instrument that you could possibly consider for corruption. There are ways that you can cheat like overpaying for it through intermediaries that charge extremely high fees, but any such corruption will be obvious right away. If you buy Bitcoin at $120k a piece, but average price is $110k during this period of time it is clear that you stole money. Also it is very easy to audit a Bitcoin reserve, so it is very difficult to try to hide any fake purchases too.1. They(lawmakers) like it because they can use it for their next level corruption.
2. No, they don't like it because of its transparency and they'll be caught in the act if they support it.
Re: Philippine House has introduced a bill to establish a strategic bitcoin reserve.
I guess it matters as a precedent but Im more interested if Norway did the same thing because they have gigantic foreign reserves spare to invest. Instead of a national debt, the country has gigantic wealth so their reserves would be considerable if directed towards Bitcoin.
I believe Norway has about a fund of 1 trillion and the country is 5 million people pretty small but with alot of oil so they saved it with the idea the commodity wealth wont last forever and it must be invested; possibly the best government fiscal policy in the world.
Philippines also great they would do this but few countries have alot of spare resources to invest, mostly we are all trading back and forth debt and relying on trade alot.
5 million of population is nothing to our country because we've got more than 100 million in population and it keeps growing due to the vast teenage pregnancy. To be honest, there's a lot of deliberation about our yearly budget and so sad that it's an hot issue that we're taking right now because of many corrupt officials that are summing up from billions of Philippine pesos to a trillion and that's a lot of money if converted into dollars. That's around $8 billion and likely 20% of our yearly budget only comes to fake ghost projects for flood controls and not naming the other ones yet in other sectors like health care, education, etc. So, this proposed strategic reserve is better where our taxes go.I believe Norway has about a fund of 1 trillion and the country is 5 million people pretty small but with alot of oil so they saved it with the idea the commodity wealth wont last forever and it must be invested; possibly the best government fiscal policy in the world.
Philippines also great they would do this but few countries have alot of spare resources to invest, mostly we are all trading back and forth debt and relying on trade alot.
Oo nga, may ganyang mga pagkakataon talaga. At valid din naman ang ginagawa ng SEC at totoo yang mga ganyang issue na may mga suicides na nangyayari dahil hindi nila kinakaya kung paano maningil itong mga lending apps na ito. Pero simple lang din naman kasi yan, basta umutang ka, dapat bayaran mo. Malaki man o maliit, dahil noong gipit ka ay pinagbigyan ka at tuparin ang napagkasunduan sa bayaran.
Yun Sana ang Tamang approach kabayan, utang kasi yan at obligasyon na dapat bayaran kaya dapat bago ka nangutang meron kang inaasahan na pambayad, nangyayari kasi madalas kinakalimutan un bayaran kaya nauuwi sa ganitong sitwasyon, mas maganda wag ka na lang. Mangutang kung ayaw mong mauwi ka sa ganyan problema. Mas maigi na lang siguro kung ganun.
Okay naman yung proposed bill, wala akong problem dyan sa bagay na yan, ang kinaiinis ko lang mahilig talaga itong si Boy pagpag Bam Aquino kumuha ng mga bagay na hindi naman siya ang nagsimula talaga tapos palalabasin niya siya yung author, may pinagkopyahan lang siya nyan. Dahil may nauna ng gumawa ng batas tungkol dito sa Blockchain Tecnology.
At ang unang nagpanukala nyan ay isang mambabatas na si Rep. Joey Salceda nung taong 2020 at 2022 pa House bill no. 7864 18th congress
at house bill no. 658 19th congress of the republic. Na hanggang ngayon ay pending parin. Lalo na siguro dyan sa Senate magiging pending din yan for sure hindi dahil sa
negative ako, pero sa mga pulitiko na meron tayo sa ngayon kokonti lang ang matino.
Hindi ko alam paano tumatakbo itong mga proposed bill. Kung kapag kopyado ay may authorization ba ng naunang nag file para dalawa silang ma-credit kapag ito ay naisabatas na. Maganda naman ang bill na ito para sa pagkakaroon ng transparency at makita ng tao kung saan mapupunta ang bawat piso ng pondo. Dapat isapubliko din ang blockchain na gagamitin kapag may napili na sila, kasi pagkaalala ko ay yung venom blockchain yung malapit sa gobyerno dahil sa mga naunang launching dito sa bansa natin. Style na siguro si Senator yang ganyan katulad doon sa free education/college law.At ang unang nagpanukala nyan ay isang mambabatas na si Rep. Joey Salceda nung taong 2020 at 2022 pa House bill no. 7864 18th congress
at house bill no. 658 19th congress of the republic. Na hanggang ngayon ay pending parin. Lalo na siguro dyan sa Senate magiging pending din yan for sure hindi dahil sa
negative ako, pero sa mga pulitiko na meron tayo sa ngayon kokonti lang ang matino.
Re: What’s Your Profit Goal in Sports Betting – 100% Daily or 10% Daily?
The fun isn't there and the safer route is still the best choice if there's a goal. So, this solely is in sports betting and both are doable. But we know to ourselves if we're so good in it and I think that the best ones have got a lot of money to stake and lose. However, to the normal folks like us that don't have that much to bet on, given the amount of bankroll for this condition. Many might choose to take it slow and bet only with a couple of bucks for every match that they'll bet.
Testing your knowledge and pundit skills on sports you love and taking risks trying to hit higher rewards, going against the bookies favorites markets and against all odds with the little amount you can afford to lose is what makes it fun.
$5k bankroll is what $50 bankroll is to some of us. There are levels to things so it's good to know where you belong. High risk, low stake
Re: ✅ SwCPoker.club ♣️ BITCOIN POKER SINCE 2015 🏆 BSOP Tournament Series 6/20-7/13
I just played a 12-game freeroll for the first time in my life (at least I don't recall playing it in the past). It was a fun and weird experience. I had to look up the rules for some of the games as I played it.
As long as the fun is in it, that's all that matters. And that's good to hear that you're able to play some free roll because not everyone sees it when it's listed there. Because it usually comes out a few hours before the table and that free roll starts. The rules are not usually written upon registration as it assumes that everyone knows how to play poker. But it's not a big deal, as long as you're in, you get to play that and have fun, that's it.Re: Flood control investigation will solve the country's massive corruption..
Sana hindi ito yung sinasabi ni Mayor Magalong na moro-moro na investigation lang dahil walang kumakanta kung sino talaga yung boss nila. Kahapon nga sa HOR, gusto ni Toby Tiangco na imbitahan si Mayor Magalong to name names na nga daw pero itong si Abante, bakit hindi nalang daw magfocus muna sa mga contractors na nandon sa kanila. Simple lang naman, magsasabi lang siya ng motion for invitation tapos okay na, sa next hearing invited na. Tapos itong si Ridon, grabe mga tanong sa contractors "are you denying that you don't have a ghost project?". Grabe lang, ako nalang sana naging tagapagtanong nila. Kaso mukhang moro-moro lang talaga at may pinoprotektahan. Isa pa ito si Garin, protektadong todo si Zaldy Co.
Re: What’s Your Profit Goal in Sports Betting – 100% Daily or 10% Daily?
The disadvantage about going smaller odd and big stake is one bad day is enough to wreck 5 days of non-stop profits.
10% of $5000 is $500 x5 is $2500
One day wrong bet and the $5000 capital is gone, you're only left with $2500. Can't even take risks so what's the fun
The fun isn't there and the safer route is still the best choice if there's a goal. So, this solely is in sports betting and both are doable. But we know to ourselves if we're so good in it and I think that the best ones have got a lot of money to stake and lose. However, to the normal folks like us that don't have that much to bet on, given the amount of bankroll for this condition. Many might choose to take it slow and bet only with a couple of bucks for every match that they'll bet.10% of $5000 is $500 x5 is $2500
One day wrong bet and the $5000 capital is gone, you're only left with $2500. Can't even take risks so what's the fun
there are those that will want to cheat.
The network has its integrity and unlikely people will cheat or try to do something about it. The only way that people that are going to cheat is through scamming other Bitcoin users like the traditional way. Offering something in return of making some money they promise and those usual scams that we know with the use of fiat and that's why if it's about the bitcoin blockchain, no one can cheat in there. But if it's about P2P transactions, there will be ways for the bad actors to do it.Re: ✅ SwCPoker.club ♣️ BITCOIN POKER SINCE 2015 🏆 BSOP Tournament Series 6/20-7/13
It depends on them and there's a reason why the minimum withdrawal is 500 chips. Maybe some modification could be done if they see that there's a demand for it.
That demand will need a lot more weight before it can be looked into and put forth for consideration.
On the freerolls, are chips bought to be used or it is provided on the platform?
I use PokerNow more often, but the two platforms are way different from each other, that's why my questions are coming this way.
You don't need to have chips if it's a free roll. You only have to register for you to participate. There are daily free rolls that you can enjoy. You still got some chips, right? there are some small prizes you can add if you win 1st-3rd place.I use PokerNow more often, but the two platforms are way different from each other, that's why my questions are coming this way.
Ganyan nga ginawa sa akin. Wala naman akong maalala na sinabihan akong gagamitin number at name ko for reference. Pero isang beses lang naman nangyari yun at kung may tatawag man at pati ako pagmumurahin, simple lang ang isasagot ko sa kanila na bahala sila sa buhay nila at wala akong pakialam sa utang ng iba. Hindi nga ako nangungutang dahil mahirap magkaroon ng utang at saka yung interes pa tapos ganun gagawin nila. Kaya mahirap din talaga magtiwala sa ibang tao at iwas nalang din sa mga mahilig mangutang na mga kaibigan at kamag anak.
Masama nun kabayan natapat na kagigising mo lang or badtrip ka nun araw na Yun, tapos matatanggap mong tawag pananakot tungkol sa utang ng iba sarap siguro nun murahan at takutan kayo nun kausap mo Hahaha, pero mabalik tayo sa seryosong usapan kaya din naghihigpit un sec patungkol dito kasi nga may mga concerns Gaya ng mga taong nagpapakamatay dahil sa stress na nakukuha galing dun sa mga harassment na tawag, kaya nga mas mabuting wag na umutang kung kayang maiwasan para hindi ka mamroblema lalo na sa ganitong paraan ng pangungutang.
Justifiable naman dahil sa risk ng terrorism funding at money laundering. Pero, lagyan natin ng pero dahil kung hindi talaga nila ipa-priority ang good markets at competitions, tama yung ginagawa nila. Sa atin bilang mga users, alam natin na mas maganda kung maglalaan pa sila ng mga panibagong VASP licenses para sa new competitors. At kung ito naman ang valid reason nila kung bakit tinitigil muna nila, wala din naman tayong magagawa at para sa akin, okay naman yung rasunan nila. Sad nga lang dahil hindi priority ang better competition.
Re: Philippine House has introduced a bill to establish a strategic bitcoin reserve.
Although this is still a proposal. Most of our lawmakers have no understanding of what Bitcoin is, and that's why they need to make themselves informed very well about it before doing it. As a citizen, I am for it and I just want them to realize and analyze it first before doing it. Because this could be another way for them to swindle money and that's why even it's for the adoption that we're hoping for, there is a need for them to do several consultations from the industry experts before passing and signing it into law.
I don't know but for sure this lawmakers have a lot of advisers behind them to tell what Bitcoin or Blockchain it and then to tie everything that it might be good for their country to have this Bitcoin reserve. They can even have El Salvador for example in maybe in the floor in their deliberation.
But that is the thing though, don't get me wrong, but Philippines has one of the highest score in terms of corruption. So this could also be some that doesn't want this to happen and stop because it's going to be out of their control. But hopefully, the government will approve this proposal for the betterment of their country.
Yes, no doubt with that. Still we can say two things.1. They(lawmakers) like it because they can use it for their next level corruption.
2. No, they don't like it because of its transparency and they'll be caught in the act if they support it.
Re: Philippine House has introduced a bill to establish a strategic bitcoin reserve.
Having a strategic Bitcoin reserve would be amazing just like we have been seeing in the United States. Bitcoin will soon be the reserve currency of so many countries looking at the way world government and creating strategic reserves to contain the storage of Bitcoin for a long period of time. If more countries indulge in this, it will get to a time when Bitcoin will be very scarce and the only thing we would be able to do is to trade it without holding it, many with other tokens. The adoption is continual and hoping to see more countries adopt it.
Although this is still a proposal. Most of our lawmakers have no understanding of what Bitcoin is, and that's why they need to make themselves informed very well about it before doing it. As a citizen, I am for it and I just want them to realize and analyze it first before doing it. Because this could be another way for them to swindle money and that's why even it's for the adoption that we're hoping for, there is a need for them to do several consultations from the industry experts before passing and signing it into law.Re: The acceptance of Bitcoin by the younger generation to me is a welcome developme
It all started with crypto exchanges wherein they are allowing their users to use Bitcoin holdings as collateral but of course, maybe 70%-80% of total value that they can give. It depends on their assessment but the banks are getting the idea now. It's true that the narrative has changed a lot for Bitcoin. Before, many were scared about it. This time, if they know that you own some, you'd be treated as if you're so rich. Little did they know, we're just holders but we don't have that much for them to be impressed.
That's also true.This type of crypto based collateral is being staking through various centralized exchanges and currently we see many platforms that provide this type of loan service. And there are also things like adding liquidity. Basically, the risk here is completely on the user. The risk of the platforms is very low. So the profit in this investment is also high.
And that's why it's natural for banks to be attracted to it. I think in the future, most banks will be providing this type of loan, because here they don't have to go physically and waste time and money to take collateral, which is less risky.
Oo grabe nga debate nung issue na yun daming theory kung siya ba talaga yun or nahack lang. Anong tingin nyo mga kababayan, siya kata yung nag access ng account niya, nothings wrong if babalik man siya dito to continue to discuss about bitcoin, pero tingin ko maaalala niya lang yung nabenta niya na bitcoin for pizza. Sa tingin ko naman dami pa din siya bitcoin vukod dun.
Siya pa rin siguro yan pero posibleng na hack na nga din dahil kung hindi man siya nag update noong nagkaroon ng attack sa forum at nakuha ang mga login details, baka iba na handler niyan. Pero dahil wala namang ibang ginawa after lang mag update at mag online, siya pa rin siguro yan. Ang saya lang siguro kung makipagdiscussion siya ulit at mangamusta lang sa community dahil madami dami na ding opportunities siguro ang offer sa kaniya dahil nga sa sobrang laki ng ambag ng ginawa niya sa history ng bitcoin.Ano masasabi ninyo dito mga kabayan? Siguro oras na rin para magalit tayo, kasi yung mga taong tinatawag na honorable, sila pa yung nangunguna sa pagnanakaw sa atin.
Kung sino pa ang edukado sila pa yung mga magnanakaw. Kaso hindi na tatablan yang mga yan ng hiya dahil nasanay na sila at naging norm nalang ang pagkukulimbat ng budget na para sa mga tao. Kung ang US ay may utang din na pagkalaki laki, sa atin naman kakapanganak palang ay may utang na. Siguro bago umunlad ang bansa natin kailangan maging self sufficient tayo magmula sa pagkakaroon food security at mabawasan din ang utang ng bansa natin. Partida niyan, nagbenta pa ng tole-tolenadang ginto niyan na galing sa reserve natin.Salamat sa pouch.ph kasi sila talaga nag initiate na magkaroon ng acceptance ng Bitcoin sa mga small shops diyan sa Boracay. Naalala ko na matagal din nilang ginawa yan at nag stay pa nga ata sila diyan. May mga events din ata silang hinost diyan. Kung palalawigin lang nila yung marketing nila, sa buong Pinas. Baka mas dumami pa ang mga shops na mag accept ng Bitcoin as payment through their wallet at lightning network. Double purpose ang ginagawa nila, kasi hindi alam ng tao ang LN pero dahil sa kanila nagkaka-ideya na rin.
Quote from: https://pouch.ph/pricing
*Pouch supports BTC withdrawals via On-Chain or the Lightning Network.
Dapat din maregulate yang mga lending apps. Dahil diyan din madaming mga kababayan nating mga adik sa sugal kumukuha ng pang pondo nila sa mga gambling platforms. At kapag hindi na makabayad, may pangingikil na mangyayari. Hindi ko kinakampihan yung mga palautang pero dapat magkaroon ng kaayusan kung paano sila maningil. Dapat lang din naman na maging responsable itong mga kababayan natin na magbayad dahil kapag nabaon sila sa utang, wala nang balak magbayad. The way kasi sila maningil, parang nanghaharass. Nadamay pa nga ako diyan noong ginamit number at pangalan ko as reference ng di ko naman close na kakilala.
Yung paraan ng paniningil ang talagang dapat matutukan meron kasing mga palautang nandadamay un tipong bibigay or gagamitin un number mo para maging co-barrower or parang gagawin kang reference tapos pag hindi na nagbabayad madadamay ka na sa mga guguluhin, meron pang mga insidente na yung mga kamag anak at mga kaibigan sa social media account kokontakin at sila yung pipilitin maglabas ng info dun sa nangutang kaya kailangan talagang matutukan talaga un mga lending app na yan.