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Messages - Zed0X

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1
For anyone wondering what the bill is all about:

Quote
Financial Innovation and Technology for the 21st Century Act

This bill establishes a regulatory framework for digital assets.

The Commodity Futures Trading Commission (CFTC) must regulate a digital asset as a commodity if the blockchain, or digital ledger, on which it runs is functional and decentralized. The bill classifies a blockchain as decentralized if, among other requirements, no person has unilateral authority to control the blockchain or its usage, and no issuer or affiliated person has control of 20% or more of the digital asset or the voting power of the digital asset. In addition, the bill provides the CFTC with exclusive regulatory authority over cash or spot markets for digital commodities.

The Securities and Exchange Commission (SEC) must regulate a digital asset as a security if its associated blockchain is functional but not decentralized. However, the bill establishes certain exceptions to SEC regulation for digital assets that limit annual sales, restrict nonaccredited investor access, and satisfy disclosure and compliance requirements. The bill also sets forth requirements for primary and secondary market transactions.

The CFTC and SEC must jointly issue rules to define terms and exempt dually registered exchanges from duplicative rules.

The bill excludes permitted stablecoins from CFTC and SEC regulation, except regarding anti-fraud authority and specified transactions on registered entities.

So two regulatory bodies are tasks to work on this and it depends on the type of blockchain. It doesn't look like there's going to be much of a problem passing this bill unless the CFTC and the SEC opposes and they have enough Senators that supports them.

2
So I read that it's basically fattening a pig before slaughtering them. That's a long build up and I can see why some people would fall victim to this scheme.

I also didn't know there's a term for that but we have a similar saying in our local language 'pinapataba muna bago katayin'.

People will only think that scam is only found in crypto related activities,
Who are these people that you are referring to? Whoever they are, I doubt they are that ignorant to think it's only happening in crypto.

3
I lost this one too but the close fight still made it worth betting on. I think Fury played too much in the early round. We all know that it's part of his fighting style but, in a fight with so much at stake, nobody could afford to waste a round.

4
Gambling discussion / Re: [NBA] Unofficial Discussion Thread
« on: Today at 04:46:57 AM »
I will probably go with the Dallas Mavericks here at -1.5, it's their homecourt and it's crucial that they don't want a game 7 as maybe the young body of OKC might take over.
You must be so disappointed in PJ Washington right now for missing the last free throw ;D

What a dramatic end to the game. SGA will probably look back at this game thinking of that last foul. It was still a great season for him and I'm looking forward how he and that young Thunders team will mature and improve next season

5
Gambling discussion / Re: [NBA] Unofficial Discussion Thread
« on: May 18, 2024, 02:14:42 PM »
As it turns out, the bookies were right picking the Wolves as the favorite for game 6.

With the exception of Gordon and Jokic, the Nuggets team were out there throwing bricks. Down by as many as 50? Nobody would expect a score line like that and, if not for their good team reputation, some would think they threw this game for a game 7.

I was double dead on that game as i bet before the started and i thought that i got a good ML odds of 2.06 but the Wolves surge in the first half and led by as much as 25 points then i put another bet, this time with a spread of 17.5, again i thought that the Nuggets would come back just like what they are doing before but you are right, they were throwing bricks.
LOL I know a lot of people who lost their bet on Nuggets but there were also others who were rejoicing. Some of them were so bold that they pick Wolves -10.5 handicap. Anyway, let's move on and just wait until game 7. I don't plan to bet too soon.

For game 6 between Mavs and Thunders, I'm picking the younger team to force a game 7. They might surprise everyone just like the Wolves did to the Nuggets


6
Gambling discussion / Re: The UFC Discussion and Prediction Topic
« on: May 18, 2024, 02:05:40 PM »
^ Nobody cares about those fights ;D

Seriously speaking, Belal can finally shut up and focus on training as he finally got the title shot that he wanted for so long.

I'm not hating on Aspinall or underestimating him but this is probably Blaydes' best chance of winning the title. I'm likely to pick fight not going the distance here.

7
~
That was unusual for Fury. It was the first time I'd seen him like this in a face-off when interviewed and asked about it, he just said Usyk is one scary-looking dude, I don't know if it is a mind game or he is intimidated by Usyk, this is not the Fury we've seen in his past face-off, it becomes very interesting now, is Usyk going on his head now or just a strategy to make Usyk thinks he is intimidated.
Or that it's Fury's subtle way of saying Usyk just looks ugly ;D

Neither of them looks intimidated but Usyk appears to be the more serious boxer of the two. He is so focused to win, which is great to see, but that could be a double-edge sword too. He might forget to loosen up during the fight.

8
Gambling & Crypto Casinos / Re: Master play casino
« on: May 18, 2024, 01:33:35 PM »
~
Thanks for precautions! So this kind of message for not licensed, and maybe something suspicious is allowed?
I'm not saying that they will do automatically shady activities but in case you encounter problems with your account and they have no intention of fixing it, what gambling company will you sue or report? You don't have any idea what their company name is. On the other hand, they can collect information from you.

9
~
Dito naman kay coins.ph tinitignan pa rin natin kung ano ang magandang impact nito sa atin, kung may pagbabago bang mararamdaman ng karamihan sa mga gumagamit sa kanila lalong lalo na sa mga OFW natin kasi parang sila ang target nila.
Tingin ko magkakaroon ng partnerships and BSP/Coins.ph sa ibang mga remittance centers abroad o kaya mga regulators doon. Mukhang kailangan muna i-convert yung mga sahod nila in local currency to PHPC bago maipadala sa kanilang pamilya. Siguro mas mataas ang conversion rate kapag stable coin ang gagamitin tapos libre na ang remittance (coins to coins).

10
They've been releasing statements about a crypto framework for years and now they claim the FTX incident is a wake up call? They must be sleeping during consultations and discussions ;D

I wonder what kind of framework are they trying to introduce. If it is related to exchange operations in their country, which part of it is lacking, considering how they can request Google and Apple to delist the Binance app already?
Yeah, most likely focused on the registration of crypto exchanges in the country because that's within their jurisdiction. Maybe they'll provide more clarity and add more provisions to the existing law.

Regarding the request to delist, that's probably the first time they did that. I'm not aware of any other request to remove shady apps.

11
Gambling & Crypto Casinos / Re: Master play casino
« on: May 17, 2024, 01:52:49 PM »
I skimmed through the website and it's new as stated in the OP. It looks like it is still not licensed but part of their terms they reserve the right to ask for customer information. It says fair gaming but it seems players cannot verify that claim (not provably fair). Since you're already tried it, maybe be more cautious when depositing huge money.

12
Gambling discussion / Re: [NBA] Unofficial Discussion Thread
« on: May 17, 2024, 05:37:21 AM »
As it turns out, the bookies were right picking the Wolves as the favorite for game 6.

With the exception of Gordon and Jokic, the Nuggets team were out there throwing bricks. Down by as many as 50? Nobody would expect a score line like that and, if not for their good team reputation, some would think they threw this game for a game 7.

13
~ I've been wondering if there are people who simply play virtual games just for the fun of it with no interest in getting rewards in crypto that could be converted to cash.
When these projects advertise/promote, their main talking point is the ability to earn some cryptocurrencies. That is why I don't expect them to attract passionate gamers who truly enjoys the game. I personally would not waste time with these P2E just for the sake of fun. Maybe some kids, who do not ha a real concept of money, will do.

14
Gambling discussion / Re: [Boxing]: Info and Prediction Thread
« on: May 16, 2024, 04:34:58 PM »
~
Shakur vs Loma will give the fans about 12 rounds of because they are both good at avoiding getting hit. Shakurt however is not a finisher.
It's going to be a snoozefest for some/many fans. I'm already reading comments about how boring this is going to be and I think that's also a factor whether the promoters want to push this fight or not. It will probably not generate the amount of PPV buys and Gate that they wanted.

15
Philippines (Tagalog) / Re: Mempool Observer Topic
« on: May 16, 2024, 04:26:02 PM »
First time ko yata makita ulit na makalusot ang 9 sats/vb pero mukhang hindi pa dyan nagtatapos ang pagbaba ng transaction fees dahil highest priority sa ngayon ay 10 sats/vb. Sigurado tuwang-tuwa nanaman yung mga naipit ang transfer dati tapos walang RBF (naranasan ko ito dati).

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