I have a question:
SEC just fined Kraken for $30 Million for offering "staking" services to users. And since exchange staking isn't really staking but just technically paying interest;
Do you think this will affect on services like freebitco.in that's also offering to pay interest for users holding their bitcoins in there? Or how would this be any different?
I don't think so. Freebitco.in has clearly mentioned that they are going to pay interest on their deposits. I think Kraken was fined because they used the term staking and would not have indulged in the consensus mechanism of staking. But bitcoin doesn't have any staking system. So it's simple that the sites is paying its users just to hold funds on their site. So I don't think there is any reason why SEC would fine freebitco.in As I get it it's just for US citizens, others can continue with their staking without any worries. The US is tough when it comes to laws and regulations, and people from there are restricted from many things... I can't even count how many times I saw "not for US citizens" in some casinos, ICOs, or any other service. The FBI has long arms... I guess we all know that. Well, I wouldn't compare Kraken and Freebitcoin in the first place. And I don't think we need to worry about staking in general, especially if you are not a US citizen. |
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Can you please detail for me what happened around 2017 with Eth?
I remember 2014-15 and how many people screamed about how Ethereum is another ICO scam. And look where it's now... ...
The last thing you'd want is them actually picking the right altcoins (though unlikely) that would've performed really well but they missed out just because you forced them to go with BTC.
Nicely said! Many crazy things happened in the crypto space... even Doge reached $0.7 at some point. And I am sure we will see many more surprises in the future, so it's better to let friends lose some money than to blame you for missing a big hit! That always turns into something very ugly. |
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Hey! So I'm not really looking for a loan although I am open to it if the conditions are correct.
The loan must be repaid, the investment may fail due to "bad market conditions". Influx of cash "would allow us to grow a lot faster" mmm As I have stated before and if math is not an opinion, if you can earn 1K-2K daily... you need around 100 days (maximum ... 3 months) to have the amount you're asking as loan. 3 months  I don't know but it doesn't sound to me "such long time". Correct. An influx of cash would allow us to grow faster. I'd rather not wait ~4 months if a deal can be made that benefit both parties. I thought I'd give it a try to see if anyone is interested. If no one is interested then fine, but at least I tried to solve my problem of wanting to grow faster. And again I have no issue showing a potential investor the whole site, backend, anything they'd want to see. Well, take a look at this: Ultimate list of crypto Gambling sites that offers investment in the bankroll - https://bitcointalk.org/index.php?topic=5247587.0Check how others have done it, it seems much more serious than looking for investors through the forums. Some of these casinos are no longer in business, for all sorts of reasons, but let's not go off topic... I understand you can show everything, and sorry for my suspicion, but I have seen many scams. It's possible to make everything look great just to attract investors, with fake players and their deposits/withdrawals. It's easy to fool unexperienced people... |
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I still use Binance exchange but I don't trust them, there is a difference between not trusting and not using. Master 2know.
Why would you use them if you don't trust them? I guess that would be fine if there are no alternatives, but in this case, there are many. Of course, I am not talking about some 100% faith in the service, but if I don't have some basic confidence I will probably move away and I will not make any deposits. By the way, after mandatory KYC I simply moved away from Binance... it's a top exchange, but I don't like this part. |
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-snip- what we have not yet talked about is the distribution of points on the respective tournament days... some suggestions?
My suggestion would be to get points for the first 10 places. 1st place gets 10 points, 2nd place gets 9 points and 10th place gets 1 point. Of course, that's only good if we have at least 15 or more participants. I think that's how it was done in the other poker tournaments. Yes, it was like that before... I guess it can be the same, the top places get more points, and in the end, the first 6/8/9 (depending on the final table size) will get the seat on the final table. buy-in: 0.001BTC
0.001 is $22.5 at the moment, but we all know that can change. Buy-in is displayed in dollars in my case (or it can be euros, as I remember that needs to be checked upon registration), so it would be easier to set buy-in in dollars, like $20 per game... maybe?! time: 18:00 cet
Well, this time will be tricky for me... I am not sure how others feel about it, but can we move it to earlier or later? |
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You can deposit some coins to your uncle's account on a crypto casino, I think he can already manage to do it on his own. You just have to remind him to be careful in pasting BTC addresses in withdrawing.
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You can't teach an old dog new tricks so easily. I think OP should set him up completely, from creating a wallet and registration to making first bets, and in case he makes some profit he needs to show him how to withdraw. I would like to hear the rest of this story... some old habits are hard to change, especially in old age. I think it's not just gambling, but the ritual of going to the casino, meeting old friends, and all the other stuff that goes with getting out of the house. I wonder if he will make a shift to crypto gambling or if he will find it less interesting and go back to brick-and-mortar casinos. |
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BC has nice rewards for SVIP from what I have seen from people around. Even that daily "Mega Spin" can give a nice monthly income, but it requires daily activity. And every level gives additional benefits... I guess before someone reaches SVIP "rakeback" and "recharge (after 22 VIP level)" can be significantly high! One Gosu guy I know had over $1k daily recharge! But that comes with activity and wagering... |
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I never had such intentions... I had/have moments when I decide not to play some games ever again, then months (or years) go by without playing that game, but somehow I always come back at some point. With a new approach and different strategies, at least I like to think it's like that.
I have periods when I don't gamble for different reasons... because I don't have enough time or money, anyway it's not like something disturbing for me. I learned to be patient and wait for "my moment". I guess that comes with age and experience... Gambling should be fun and entertaining, I will never stop gambling probably, but I learned to control my temper a lot compared with myself in my 20ies, and probably early 30ies!
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Because altcoins can makes huge profits.
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Yes, they can make huge profits. Ethereum, Monero, BNB, and many others are good examples of how much alts can actually rise. And it's not over, these coins have the potential to go even higher. I guess each of us made some profit with alts, some a lot some less, but everyone caught at least one. But besides making a profit I really like to use and explore some new projects and their coins. I am not a pure investor who thinks only about the profit, I like to support some projects simply by using it. |
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... You have been playing on SwC lately? Memories my man... I need to check my account as well! Honestly, a series would be too much and I still hate the fact that the new management is probably even worse than the old one when it comes to communication and stuff... Still, maybe we could have some MEMORIAL tournament with the oldschoolers some day.  There's a 10/20 table that also counts for BBJ (before the minimum for BBJ was 25/50), so I played a bit on that table with leftovers. I burned my amount with some rushed moves... it's still the same site, I didn't notice any big changes, and the traffic is pretty much the same as before. I still have those two tickets for the BIG BTC tournament, but it's too late for me... When it comes to the "Memorial tournament" why not! And if SwC wishes to sponsor that and make some comeback on the forum it would be even better. |
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Trading can be a lonely and boring business at some point because, you do not have anyone to talk to and are just alone with your computer, phone, or tablet in your room, just trading.
If you are lonely and bored while doing something you should quit doing it! Why would you even start doing something you don't really like? People who love numbers and math like to trade and do all sorts of calculations in their heads... It's never "just trading" and it's not necessarily "alone"! You read all kinds of articles, you need to be active and look for important news almost everywhere. There are trading groups and forums (like this place) where you talk with others and share your thoughts if you want to. If you want to you can take it on a higher level of course... And many newbies may at some point think that they are probably wasting too much of their time. If you are in this situation right now, I want you to know that you are not wasting your time.
It's not a waste of time if you are making money with it or if you can learn how to make money from it one day! If you are an experienced trader reading this, how did you know that you were not wasting your time trading at the time when you felt this way?
Well, I never felt lonely or bored from trading. I wasted some money (at that time not much I guess, but now those amounts in crypto would be a little fortune), and that probably made me nervous and mad, but later I discovered what is actually good for me... patience is a virtue and a skill! |
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I think I am going to join you guys, but I just need to figure out whether I will actually be available on those Sundays.
I don't know if it has already been set, but I would definitely suggest Sundays (not Saturdays) as the date. This way you have the option to play a few more tournaments on the big platforms at the same time. One-tabling a single table for hours is a bit boring in the long run, haha. Doesn't Betnomi also have a bigger Sunday tournament which is open to everyone? And are there actually rules for multi-tabling there? Or can you only open a limited number of tables? Also, I would keep our tournament series shorter rather than longer (and then restart), otherwise some members might not want to participate because they don't have time on one or two Sundays, for example. Well, even if someone misses a round or two (and I guess each of us missed at least one or two games per series) can still reach the final table. Of course, if he plays well in all other rounds. I guess that's the point in the series, to reach that sponsored final table! I am not sure if there is a limited number of tables, I never played more than 2 or 3 tables at once at Betnomi. I think there is no limit by Betnomi, limit comes from too many opened tabs to follow, in my case, more than 2-3 would be too much for me... As Yahoo says, it's impossible to please everyone... I don't care if it's Saturday or Sunday, it's almost the same for me, I will try to find time in any case. |
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What’s your favorite Play’n Go games and what’s the highest multiplier you get on playing their slot games? Share your experience.
Well, as I commented in the official livecasino.io thread, my biggest multipliers were not with this provider, they were with Hawshack Gaming and No Limit City. Do you mean HackSaw? I have never heard of Hawshack Gaming... I recently promised myself that I will never play Hacksaw again! Especially the "buying bonuses part", and I will not even play "normal spins"... I had some big wins, but how much I played/bought bonuses it's almost like nothing. So recently I bought 3 Chaos Crew bonuses at $0.4 (bonus buy is over x120), and in all 3 I got less than x10... it's not like it's happening to me for the first time. While some people are hitting crazy high multis (I know some of them), my experience is very unfortunate. One of the providers I can't play everywhere, in some casinos Play'n Go is restricted for me. But in some, I can play it freely... Play'n Go has an impressive list of games, and they have new releases from time to time. Some of my favorite slots are Reactoonz 2, the Green Knight, Legacy of Dead, and Book of Dead... I had over x1k on some of these slots. |
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is it de-dollarisation... or simply dollarocide
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The best would be de-fiatisation or fiatocide! All fiat currencies are pretty much the same shit, just different names, and colors... and of course, some stink more and some less! All of them are too corrupt, I simply can't imagine how that can be fixed. I don't think we will see some big changes on the global financial stage in the near future, but again some conflicts around the world look dangerous and I am afraid in case of escalation, things can change pretty quickly! |
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I am sure that Serbian casinos (or maybe better to say Balkan casinos) are setting up new records every year in the past 5 years! Land-based casinos are almost on every corner, if not a few of them (different companies), and when it comes to online casinos you simply can't miss all those ads on TV and almost everywhere else.
And I am talking about fiat casinos, crypto is still not so "popular" here. We are moving in the same direction as the world does, but as always we are doing it very slowly. I guess there's some progress, but nothing significant most likely.
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Fact number 8 is a well known one.That will continue to be the top for many years to come and the reason is simple,in slot machines we have a huge variety of slots,themes,sounds,graphics and what is most important different bonus games mechanics in almost every slot,almost all of them have a unique bonus.Beside this in most of these games you can have the option to buy in the bonus game or feature game when you are feeling that luck is not on your side at specific times so you don't go away bored without trying the bonus game.
And it's a lot easier to navigate through all of them in online than at a land-based casino, it's why fact No. 6 says that 90% of slot players are playing online, including me. I can't even imagine myself going to land casino to play slots... moving from slot to slot after minutes of playing, maybe waiting for someone else to stand up from my favorite slot. Playing slots online is a lot better experience, big screen and a big (huge) choice of providers, each with many attractive slots and other live games. |
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Don't quit your constantly paying job for passive income since you said it's passive you are not doing anything to get that so keep doing your job as well as earning the passive way gives you more opportunities in less time. When you are sure that you had good savings and passive income has potential to grow further then you can think about it. If there's an opportunity for making two salaries the best would be to just continue with that... it's a good time for saving some money or even better for making some investments, DCA for example... each month the portfolio will grow and grow. With two salaries there's that extra cash that can be used very well, for many things, but who knows how old OP is, and in what kind of life situation he is... Maybe he already has enough money saved, in that case, he can look for some "fun" and live a life. Sometimes moving a focus from work, work, work can be a good life decision. |
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What have you found works best? What does not work? I guess I am looking for a sort of "cheat sheet" if you will. If that even exists.
"Cheat sheet" does not exist! And if you are trying to cheat it's not nice, to not mention it's illegal, you should know that. There is no universal answer to what works and what doesn't work in gambling, different personalities/skills/experiences, and different bankrolls make each player unique in some way. So if it works for one, it doesn't necessarily mean that it will work for others... and if it's not working for many it doesn't mean it will not work for you. I guess you need to try it and find out for yourself what's the best for you, what games suit your personality and your skills and knowledge. By trying things around you gain experience, there are no shortcuts. |
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My question is, does provably fair technology exists specifically because of crypto gambling or is it something else?
As I know "provably fair" exist only in the crypto gambling space. Blockchain is responsible for that: Games are built using blockchain technology, making them transparent and ensuring integrity with robust encryption. Provably Fair Games are so-called because they give players the ability to verify the fairness of their bets. It means that an online casino can’t cheat a player because the outcome of the game is provable, transparent and verifiable.
They are built on open-source algorithms and run on smart contracts platforms, which makes it impossible for any online gambling sites to modify or alter the game outcomes. Games on these smart contracts are handled by programming code, which means that there’s no chance for a casino to change the result of the bet. Source: Glossary of Provably Fair Games – how does it work?Basically, with provably fair technology the casino is no longer in complete control of the outcome. This is why provably fair casinos are better than traditional ones... With provably fair games you can always check the fairness. If you really want to learn about it there are many articles and blogs about provably fair technology. One of the good ones is this one: Provably fair explained. Before before, it was hard to tell whether an online gambling site was legitimate or not, therefore many people avoided using them.
Before, and now for many traditional casinos and games, it was impossible to verify the fairness of the game. |
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