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rainman
rainman
Joined: Mar 28, 2012
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Mission146
December 8th, 2022 at 4:44:22 PM permalink
Quote: billryan

Gray Scale's bitcoin Trust is selling at a 48% discount, meaning you can buy into bitcoin at about $8,000 for the true believers.
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Im on board with your technical description of what constitutes
An investment or not. I also can understand why folks believe money in more money out = investment.

I'm still trying to figure what happens to online casino deposits
done in BC if it totally collapses l know a guy who requires keeping moderately large amounts on deposit. Im hoping since it gets converted upon deposit upon collapse they will be honorable and pay out in the appropriate currency.
AZDuffman
AZDuffman
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Mission146rainman
December 8th, 2022 at 4:48:28 PM permalink
Quote: rainman

Quote: billryan

Gray Scale's bitcoin Trust is selling at a 48% discount, meaning you can buy into bitcoin at about $8,000 for the true believers.
link to original post



Im on board with your technical description of what constitutes
An investment or not. I also can understand why folks believe money in more money out = investment.

I'm still trying to figure what happens to online casino deposits
done in BC if it totally collapses l know a guy who requires keeping moderately large amounts on deposit. Im hoping since it gets converted upon deposit upon collapse they will be honorable and pay out in the appropriate currency.
link to original post



Said deposits will be converted at the current rate whatever it is. Holders will get their bitcoin as the blockchain should still be there
All animals are equal, but some are more equal than others
billryan
billryan
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Mission146rainman
December 8th, 2022 at 5:43:46 PM permalink
Quote: rainman

Quote: billryan

Gray Scale's bitcoin Trust is selling at a 48% discount, meaning you can buy into bitcoin at about $8,000 for the true believers.
link to original post



Im on board with your technical description of what constitutes
An investment or not. I also can understand why folks believe money in more money out = investment.

I'm still trying to figure what happens to online casino deposits
done in BC if it totally collapses l know a guy who requires keeping moderately large amounts on deposit. Im hoping since it gets converted upon deposit upon collapse they will be honorable and pay out in the appropriate currency.
link to original post



I don't think it will ever collapse as there will always be the genius who will buy it at five cents, thinking it can easily get to a dollar since it once was $50,000. The question is at what price do the buyers return? The Big Boys have dumped over 300,000 bitcoin on the market in the last few months, and there just aren't buyers, thus the depressed prices.
The difference between fiction and reality is that fiction is supposed to make sense.
Wizard
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Wizard
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December 8th, 2022 at 7:16:42 PM permalink
Quote: DRich

If anyone wants to make an obscure bet, I will bet that the U.S. Dollar fails within 500 years. Almost every fiat currency created has failed. I don't see why the U.S. Dollar will be any different.
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I'll bet you $1 billion.
“Extraordinary claims require extraordinary evidence.” -- Carl Sagan
darkoz
darkoz
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December 8th, 2022 at 7:31:39 PM permalink
Quote: Wizard

Quote: DRich

If anyone wants to make an obscure bet, I will bet that the U.S. Dollar fails within 500 years. Almost every fiat currency created has failed. I don't see why the U.S. Dollar will be any different.
link to original post



I'll bet you $1 billion.
link to original post



Now that's an AP move.

If Wizard wins his descendants get one billion dollars.

If it fails the one billion dollars is worthless so what does he care his descendants forking it over
For Whom the bus tolls; The bus tolls for thee
AxelWolf
AxelWolf
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December 8th, 2022 at 7:45:05 PM permalink
Quote: rainman

Quote: billryan

Gray Scale's bitcoin Trust is selling at a 48% discount, meaning you can buy into bitcoin at about $8,000 for the true believers.
link to original post



Im on board with your technical description of what constitutes
An investment or not. I also can understand why folks believe money in more money out = investment.

I'm still trying to figure what happens to online casino deposits
done in BC if it totally collapses l know a guy who requires keeping moderately large amounts on deposit. Im hoping since it gets converted upon deposit upon collapse they will be honorable and pay out in the appropriate currency.
link to original post

It depends on what type of casino. There are Crypto casinos where you deposit and play with crypto, I have very little experience with that type of casino. When you say "amounts on deposit" I am assuming for sports(?) so it's probably not a true crypto casino. Even casinos that have Crypto in the name and claim to be Crypto casinos are not true crypto casinos where you are actually playing with crypto, it just means they accept crypto.

At most online casinos you are depositing via crypto, but your balance is converted into whatever currency they support, so you are no longer tethered to crypto. If crypto goes up you gain nothing, and if crypto goes down you lose nothing. Some online casinos will allow you to deposit and cash out using 2 different methods I.E. Deposit via BTC and cash out Via check by mail.

Most online casinos use crypto payment processors so they don't have much exposure to BTC. However, If an online casino is actually holding the crypto themselves, I would be worried they could go bust during big downswings. Oftentimes online casinos blame bad things on their payment processors.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
rainman
rainman
Joined: Mar 28, 2012
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Mission146
December 8th, 2022 at 11:23:07 PM permalink
Quote: AxelWolf

Quote: rainman

Quote: billryan

Gray Scale's bitcoin Trust is selling at a 48% discount, meaning you can buy into bitcoin at about $8,000 for the true believers.
link to original post



Im on board with your technical description of what constitutes
An investment or not. I also can understand why folks believe money in more money out = investment.

I'm still trying to figure what happens to online casino deposits
done in BC if it totally collapses l know a guy who requires keeping moderately large amounts on deposit. Im hoping since it gets converted upon deposit upon collapse they will be honorable and pay out in the appropriate currency.
link to original post

It depends on what type of casino. There are Crypto casinos where you deposit and play with crypto, I have very little experience with that type of casino. When you say "amounts on deposit" I am assuming for sports(?) so it's probably not a true crypto casino. Even casinos that have Crypto in the name and claim to be Crypto casinos are not true crypto casinos where you are actually playing with crypto, it just means they accept crypto.

At most online casinos you are depositing via crypto, but your balance is converted into whatever currency they support, so you are no longer tethered to crypto. If crypto goes up you gain nothing, and if crypto goes down you lose nothing. Some online casinos will allow you to deposit and cash out using 2 different methods I.E. Deposit via BTC and cash out Via check by mail.

Most online casinos use crypto payment processors so they don't have much exposure to BTC. However, If an online casino is actually holding the crypto themselves, I would be worried they could go bust during big downswings. Oftentimes online casinos blame bad things on their payment processors.
link to original post




The dealings I speak of are Casinos which allow deposit via Bitcoin conversion then withdrawal via Bitcoin.
Not sports Take largest Match available.Bets made to clear are small It takes months Many Stores many
bonuses in play at the same time.
My fear is collapse of BTC. System is totally broke and Governments shut it down if possible. Or Withdrawal
and BTC has failed and there are no buyers.
DRich
DRich
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Mission146
December 9th, 2022 at 4:27:41 AM permalink
Quote: Wizard

Quote: DRich

If anyone wants to make an obscure bet, I will bet that the U.S. Dollar fails within 500 years. Almost every fiat currency created has failed. I don't see why the U.S. Dollar will be any different.
link to original post



I'll bet you $1 billion.
link to original post



I will gladly take $1 billion in gold at the time the bet settles.
Order from chaos
Wizard
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Wizard
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Mission146
December 9th, 2022 at 7:27:16 AM permalink
Quote: DRich

I will gladly take $1 billion in gold at the time the bet settles.
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You'll get as much gold as $1 billion US will buy in December 2522. If a failed currency can't buy any gold, that will be your problem.
“Extraordinary claims require extraordinary evidence.” -- Carl Sagan
DRich
DRich
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Mission146Dieter
December 9th, 2022 at 12:39:43 PM permalink
Quote: Wizard

Quote: DRich

I will gladly take $1 billion in gold at the time the bet settles.
link to original post



You'll get as much gold as $1 billion US will buy in December 2522. If a failed currency can't buy any gold, that will be your problem.
link to original post



This is beginning to sound like too much trouble for our heirs to deal with. If both you and I are still alive then I will agree to pay you if I lose.
Order from chaos

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