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1821  Bitcoin / Bitcoin Discussion / Re: Bitcoiners kill Bitcoin, and governments are happy, boycott the CEXs on: December 20, 2022, 05:05:11 AM
People should start to boycot CEXs.

Aren't a lot of Bitcoiners advocating for this for years and years already? Unfortunately, the fact is, people will continue to use CEXs as long as they remain a lot more convenient than using peer-to-peer no-KYC exchanges. It'll always be difficult to change people's minds through ideology — it'll need to be through better UX.


I believe "boycott" is too much of a demand. Centralized exchanges bring more efficiency to the market, and therefore a faster price discovery for Bitcoin. It's simply the truth. BUT we should not move far away from the path of encouraging the use of decentralized networks like BISQ, and asking for the return of face-to-face in LocalBitcoin-like services, or encourage it to be used more in BISQ. I believe we should develop standard safety guidelines for face-to-face trading.
1822  Bitcoin / Development & Technical Discussion / Re: The Lightning Network FAQ on: December 19, 2022, 12:50:02 PM
~
Lightning Network statistics are very hard to measure, due to the nature of this network. No one node can easily see all other nodes.
The https://1ml.com/ service reports no anomalies in network capacity. It should be roughly around 5,000 BTC as of now, increasing by 1.38% in the past 30 days.

https://amboss.space/ also reports 5,280 BTC of capacity.

Most likely, the service you mentioned closed some channels and lost connection to parts of the network.



Lightning Network has no analogies to a shitcoin; compared to those, even if Lightning demand were to suddenly fall, node operators would have no incentive to hurry up closing their channel. They can do that at any time and 'unlock' on-chain balance again, which is obviously unaffected by a drop in Lightning demand - if we assume BTC on-chain demand (and thus price) is unaffected.
Meanwhile if a shitcoin starts crashing, you have to sell fast too, to minimize losses, further accelerating the downfall.

LN node operators who run nodes for a profit (those that open many channels with the goal of making coin from tx fees) effectively are forced to keep their coin on a hot wallet, which has its own costs in the form of risk. If these entities are not making enough coin to justify this risk, they can move their coin to cold storage which would require them to close their channels


OR they can invest their capital, the Bitcoins, into something more profitable/something that gives more returns on investment. It's called "Opportunity Cost". I posted some "shower-thoughts" about it in this topic, but I believe no one was ready to accept that the concept could probably become true, or that it was already true. Perhaps in five more years, everyone will see the point with more clarity.
1823  Economy / Gambling / Re: chinese bookmakers with tf gaming platform NO KYC on: December 19, 2022, 11:56:11 AM
usually gambling sites don't require KYC is a natural thing, but if it's the website you mentioned it seems like some people say this is a scam. I don't have a referral for it because I'm new to the casino, if you ever put money there you should leave it because it will be difficult to get money that has been cheated.


A centralized entity claiming to "never" require KYC should be taken with doubt, cynicism, and distrust. Because in actuality, centralized entities/casinos, if they are legitimate, have already accepted the trade-offs that they do indeed should require KYC on their users to comply with anti-money laundering laws. No service can go around it, except if they build their casinos on top of the Bitcoin blockchain like DirectBet did.
1824  Economy / Gambling / Re: Blackjack.fun | Live tables |SLOTS| Baccarat | InstantWithraw| v3.0 Launched! | on: December 19, 2022, 08:22:17 AM
What about if BlackJack.Fun assigned another slot machine for free spins accumulated from voting and the chatbox?

Master Joker for free spins accumulated from voting and chatbox, with wins go to the bonus wallet.

Dig Dig Digger for free spins accumulated from actual play/gambling, wins go to the balance.

This is a good suggestion to be honest so that rewards will be separated automatically but I doubt that this will take effect any time soon since they are prioritizing the website upgrade over the bonus restructure. I’m more excited on the upcoming VIP reward content hoping those 1mbtc weekly will came back again with just a minimal wager requirements per week.


It's OK, we can wait. Cool

But if BlackJack.Fun also truly found the suggestion good, I believe they could implement it within a few days, like when they implemented the change of the slot machine to Master Joker for the free spins. Although they had to return to Diggy because many users were blocked by Master Joker.

Quote

This is the most awesome that attracts me to become addicted on this casino. I sometimes loss more than the potential 1mbtc reward just to claim it so I would say that this kind of reward system for VIP is still effective and fair for both players and the operators.

Are you still active betting in there?


I'm not as active as before the implementation of the bonus wallet. That's when I truly accepted, and admitted you were right. Hahaha.
1825  Economy / Trading Discussion / Re: Binance lots of FUD on: December 19, 2022, 05:06:17 AM
FUD or not, this is what we actually want, no? The withdrawals from Binance is nothing but another celebration of the Proof-of-Keys Day every year, during January 3, without that day being during January 3. Cool

It's probably not what everyone wants, and it's probably a cause for panic for some, but with that, it's also a test if the exchanges' "100% user deposit reserves" claims are true or not.

I agree,as long as people withdraw their majority of the coins from the exchanges is a win situation for them and leave only the amount needed for trading,you cannot use Binance no matter how trustworthy they maybe to conserve your coins,Binance still remains a third party and over a third party we have absolutely no control whatsoever.

The only people panicking are the ones who do not take the time to learn how to keep their cryptocurrencies 100% safe in wallets where they have the private keys or in hardware wallets and sooner rather than later they learn this the hard way.


It's defintely and ABSOLUTELY going to be the best decision for plebs to withdraw ALL of their Bitcoins from exchanges because,

1. There's nothing to trade, we are in a bear market
2. Because we are in a bear market, it's risky holding anything in a centralized entity

Buy your Bitcoin, and withdraw immediately to your custody and HODL.
1826  Economy / Trading Discussion / Re: Binance lots of FUD on: December 17, 2022, 11:18:08 AM
FUD or not, this is what we actually want, no? The withdrawals from Binance is nothing but another celebration of the Proof-of-Keys Day every year, during January 3, without that day being during January 3. Cool

It's probably not what everyone wants, and it's probably a cause for panic for some, but with that, it's also a test if the exchanges' "100% user deposit reserves" claims are true or not.
1827  Economy / Gambling / Re: Blackjack.fun | Live tables |SLOTS| Baccarat | InstantWithraw| v3.0 Launched! | on: December 17, 2022, 10:58:47 AM

I don't care for the free spins accumulated for free through voting, and talking in the chat-box.

OK, now we know that those free spins that come from actual play don't go to the bonus wallet. What happens if you win some mBTC with those free spins accumulated from actual play? Goes directly to your playing balance, or the bonus wallet?

It will go on your bonus balance same with all the free spin reward in the tournament. Even the BTC rewards will go on bonus balance all the rewards accumulated on all the contest needs to be wagered x40. Whale like RW don’t care about this wagering requirements since they are regularly betting huge amount that’s we can’t hear them complain about there bonus wagering.

Yeah the free spin on chat and voting is almost negligible since it decreases to the original 5 free spin to 2 free spin. I have a lot of mini bonus that needs to be wager since all rewards don’t merge even if you spin it on same day.


OK, I thought you were going to post something different. I was almost happy. Hahaha.

You were right from that day we started arguing about it. Free spins won from actual play/gambling should be treated differently and should not go through x40 wagering requirement. We already risked coins from our balance, bonus/rewards from the casino deserves to go directly to our balance.

What about if BlackJack.Fun assigned another slot machine for free spins accumulated from voting and the chatbox?

Master Joker for free spins accumulated from voting and chatbox, with wins go to the bonus wallet.

Dig Dig Digger for free spins accumulated from actual play/gambling, wins go to the balance.
1828  Bitcoin / Bitcoin Discussion / Re: On Hal Finney storing his keys in a safe deposit box on: December 16, 2022, 12:51:18 PM
Many people speculate that Satoshi Nakamoto was none other than Hal Finney. Won't go into the details as to why others believe that. I was reading one of Hal's final posts and something stuck out to me. Here is the post in question:

https://bitcointalk.org/index.php?topic=155054.0

In the final lines, he states "My bitcoins are stored in our safe deposit box, and my son and daughter are tech savvy."

If Hal was Satoshi, why would he store his keys in a safe deposit box? Safe deposit boxes are generally found in government controlled banks. The thought of the creator of bitcoin storing his keys in a bank seems absurd as it goes against everything bitcoin stands for.

Perhaps Hal wrote that to throw people off from the idea that he was Satoshi or that he wasn't Satoshi at all. However, Hal was a cryptographic activist and cypherpunk according to his Wikipedia page, so either way it seems odd that such an individual would store their bitcoin keys in a safe deposit box.

Or "safe deposit box" could be his way of saying a personal safe, but then why not just say a safe?

I think I'm looking too much into this, but I thought it was something worth sharing. Thoughts?


- Let's pretend he's actually Satoshi -

Because he was never really Satoshi in his mind or he believed in anyone else's mind, even though he was actually Satoshi. There's no need to throw anyone off, because he just needed to do what practically needs to be done. Satoshi is/was human like the rest of us in the community.

He probably has a real bank account with U.S. Dollars, and uses a credit card for his shopping.
1829  Economy / Gambling / Re: Blackjack.fun | Live tables |SLOTS| Baccarat | InstantWithraw| v3.0 Launched! | on: December 16, 2022, 12:33:10 PM
I just had a chat with admin Aria in the live support box. She asked for my basic information, then she told me that she cannot see any record of the bonus in my bonus wallet. But she has already sent a message to the Administrator for further investigation, and that she will send me an email in a few days. It's probably just there. How can such things be gone.


So this is not the first time, last week me and @SweetL0u lost bonus balance the cause is because the Blackjack.fun team is updating the system
balance will back to normal if you contact support but this time it looks weird they can't track your bonus history  Undecided  what about users who don't notice it, it will be lost for nothing.


I'm not worried about that, they have a database. Plus it's just a small bonus. If perhaps it was more than $1,000, I would keep calling admin Aria everyday in the live support box. Haha.


Plus I checked the UI for where the free spins are stored in the bonus wallet. I don't see free spins accumulated from actual gambling in the casino. Does this mean that free spins from actual playing are not stored in the bonus wallet, and the wins received from them will go directly to the user's balance?



About this, I recently open new account and try to play some games and accumulate some spin. That counter didn’t update all my accumulated free spin but I can claim it directly when opening the Digdigdigger slot. Try to play the slot check if your free spin is still there. I claim multiple rewards every hour but I never saw that bonus counter update my free spin available on my account even though I have valid free spin when visiting the game.

I’m not sure if other user has an update bonus spin count in there but I’m sure that mine is always zero too just like yours even though I accumulate some free spin for that day.


I don't care for the free spins accumulated for free through voting, and talking in the chat-box.

OK, now we know that those free spins that come from actual play don't go to the bonus wallet. What happens if you win some mBTC with those free spins accumulated from actual play? Goes directly to your playing balance, or the bonus wallet?
1830  Economy / Speculation / Re: Buy every dip! on: December 16, 2022, 10:21:21 AM
Buying every dip is easy to say, but difficult to identify the dip (for me at least!)

Every time the price of bitcoin drops I am afraid of the point that it is going to stop or it will be ongoing for a long time. Looking at charts and trying to make my TA sometimes prove me wrong!

Yes, This is very understandable, Like the Internet in 1992, Bitcoin has gone from zero visibility to incredible hype in a very short time.
Similarly, cryptocurrencies can be compared to the less positive dotcoms event. The charts of many companies in 2000 looked like the current charts of various coins. As a matter of fact, Michael Saylor lost a huge fortune at the time. Honestly this fact alone scares me. If dotcoms history repeats itself, few projects will survive, but bitcoin will definitely be on that list.


Ser! Bitcoin merely survive? I may be a little biased, but definitely the competition for which cryptocurrency holds the Standard as a Store of Value is already over. It's definitely ONLY Bitcoin, but if there's another cryptocurrency that would challenge and compete against Bitcoin, it only would be another coin issued through POW, not one of those POS consensus by commitee coins.
1831  Bitcoin / Development & Technical Discussion / Re: Replacement for POW on: December 16, 2022, 10:06:43 AM
I don't know why there are many people who remain to follow that charlatan.
One word: profit.

Although it is a little more complicated than that. It is one of humanity's traits that they don't want to accept they were wrong.

Nobody can deny the big pumps that ethereum had in the past which has given a lot of profit to many people and worst of all has given hope of future profits to a lot more who are now bag holders. They do not want to accept that they were wrong about this whole thing being a sham even though ETH has gotten dumped so much in the past 5 years without being capable of seeing its ATH against bitcoin ever again.


We also don't know why, like OP, many people also remain to look for a "Replacement for POW". Bitcoin is proven hard money because it set, and made sure that no entity can "print"/issue the money of the system for free. But because Ethereum developers threw away POW, the most important part of their network, they might have broken they're incentive structure by allowing their network to print money for free. I truly thought Ethereum would also be a multi-generational blockchain before the transition to POS.
1832  Bitcoin / Development & Technical Discussion / Re: Replacement for POW on: December 15, 2022, 11:46:49 AM
Plus replacing POW would be very stupid. Ethereum might learn from this, the hard way.

Shower thought. If Ethereum POS wouldn't be enough to secure the billions in their blockchain, and not enough to secure it as a global base layer for tokens, I believe they will probably need Bitcoin to secure their blockchain, and that probably creates more and more demand for Bitcoin transactions when block rewards become less and less after each halving. Cool

When you analyze an altcoin like Ethereum you should have one eye on all of its aspects instead of just focusing on the algorithm that changed from PoW to PoS. In this case the most important attribute to consider is Ethereum's centralization. That has helped this shitcoin survive a lot of things and the only reason why they switched to PoS and has been able to keep this mutable blockchain alive is because it is centralized and they have a lot of control on it.
In other words if a decentralized coin does the same, the effects won't be the same at all.


You're right! Haha.

I believe Vitalik Buterin is starting to pivot when he posted this tweet.

Quote

People continue to underrate how often cryptocurrency payments are superior not even because of censorship resistance but just because they're so much more convenient.

Big boost to international business and charity, and sometimes even payments within countries.

https://twitter.com/VitalikButerin/status/1562542183562878976


I don't know why there are many people who remain to follow that charlatan.

But because Ethereum is centralized doesn't actually suggest that the billions of value in that blockchain is safe/secure. Every pleb knows, centralized = single point of failure. A government-entity can attack it. If there's a probability that Ethereum's POS, consensus through committee, is not enough to secure it, how high is the probability that it will need Bitcoin POW to secure it?
1833  Economy / Gambling / Re: Researching for Upcoming Game on: December 15, 2022, 11:05:10 AM
No one is mentioning a slot machine or many slot machines who has unique game play mechanics that we have not seen so far from the providers we have.

One of the new providers had a unique option where if you don't win anything from the free spins or if you don't win at least x20 of your bet they keep repeating the free spins until you reach a minimum of x20,something

I only seen yesterday night and I have years playing slot machines.

Other than that I think the replies here have covered pretty much everything.


That's a slot machine that gives the user an assured win of at least x20? What slot machine us that, I would like to try it, and please send it to me in my inbox. Let's not tell anyone else. Hahaha.

Jokes aside, Dig Dig Digger is the same as the slot machine you're describing, without the assurance of winning at least x20. But the user can win more free spins within the game through a mini-game that gives larger bonuses. A free spin that's worth $0.02 can win $20.00 if you go inside "Diggy's Narnia". Cool
1834  Economy / Gambling / Re: Blackjack.fun | Live tables |SLOTS| Baccarat | InstantWithraw| v3.0 Launched! | on: December 15, 2022, 07:40:21 AM
Bonus doesn’t expired. My bonus is still in there ever since I collected it during the initial implementation of the wagering requirements on all the rewards so I’m positive that it didn’t expired since mine is already too old.


You are just lucky because your bonus balance is not gone or maybe you forgot the total bonus you have so you didn't realize it
Me and several other users confirmed that our bonus balance was reduced/disappeared indeed there are still some satoshi left
but it's not a real amount I remember my last bonus balance and when I checked it was gone.


I just had a chat with admin Aria in the live support box. She asked for my basic information, then she told me that she cannot see any record of the bonus in my bonus wallet. But she has already sent a message to the Administrator for further investigation, and that she will send me an email in a few days. It's probably just there. How can such things be gone.

Plus I checked the UI for where the free spins are stored in the bonus wallet. I don't see free spins accumulated from actual gambling in the casino. Does this mean that free spins from actual playing are not stored in the bonus wallet, and the wins received from them will go directly to the user's balance?

1835  Economy / Gambling discussion / Re: Casino games plebs like us must play on: December 15, 2022, 05:33:01 AM
I'm actually a little dissatisfied with why the OP thinks that there should be some kind of special casinos for the plebs. 

Of course when betting thousands of dollars in a gambling area like Las Vegas, it's not for the plebs.Huh  And that those millionaires who play there are better than those players who bet $10.  How are they better???  Yes, they are all much worse than us ordinary people who honestly earn a living, and do not squander crazy money from the inheritance, or people like SBF (Well, of course, until the collapse of FTX! ) Grin). 
In general, it is unfair to divide players into plebs and no-plebs. 
Where is the boundary of such a division - there is none!

Well, in that you also have to do a little analysis, it is not the same as those people who have so much money and bet big, obviously they have a bigger stomach to bear certain types of expenses, while people who do not have so much money must place bets more moderate without spending a lot, a player regardless of their economic position must do and have control of their expenses, and what is allowed to win or lose, is not something simple, even those who have the most money can lose a lot and become decapitalized, If there is an amount of money willing to lose, it is what can be enjoyed in the game and at the same time have options to win.


I believe delfasTions didn't get the actual context of where my viewpoint is for the topic. I was merely suggesting that for plebs like us, it might better to play more casino games with lower house edge because it would make us lose less, and make is lose in a slower rate than the average. Plebs like us don't have much money to use for gambling, so if a pleb wants to gamble, it might be good to have a wiser casino game preference with lower house edge, like BlackJack or Craps.
1836  Economy / Gambling discussion / Re: Casino games plebs like us must play on: December 14, 2022, 11:42:22 AM
So technically you are saying that gambling can be more ideal as a stress reliever than making a trade?. well it depends in trading if you have knowledge regarding the position you would like to do is you make the right time and proper preparation at the same time, if you execute the trade properly its good but if not you have a mistakes every thing right there has a lesson but in playing gambling is you just make a deposit, play and let the game you choose to decide if you are a winner or not, gambling is more stressful because you are just letting other people make your luck not yourself with your knowledge and skills.

IN my opinion gambling is much more stressful than day trading, I say this for the following reason: for example if a person takes 100$ and that person starts making sports bets, that person bets 10$, loses, bets others 10$ and loses again, bet on 10$ wins, but then goes back to bet on 10$ and loses again, this person will start to get stressed because he sees that his bankroll is reducing all the time, and he doesn't know how to reverse this situation, then panic starts to take over him, but when doing trade he will always put stop - loss and he can do hodl for some time until he has profit, then he will not have stress when doing trade

Well it depends on the person because we know that trading and gambling is in different aspects, in trading, you are aiming to make an open trade or position and those are based on your knowledge and skills, and one of the goals is to earn, in gambling your only goal is to win and get entertained you don't need to think about too much unless you are taking this thing seriously and like a source of income like other people that's the reason why they got frustrated in too much playing of gambling.


It depends on the what casino games/gambling games you play or have been playing. Because if you truly have a deep shower-thought about it, isn't trading also an act of risk-taking and also a form of "gambling"? In BlackJack, there is a skill involved that makes house edge smaller, in Poker it's another game of skill with some gambling features like BlackJack. In Craps it's also the same as the other two, it's not like SicBo wherein your destiny is made in one roll. There are some bets in Craps that require more than one roll, therefore it encourages skill and strategy.
1837  Economy / Gambling / Re: Blackjack.fun | Live tables |SLOTS| Baccarat | InstantWithraw| v3.0 Launched! | on: December 14, 2022, 11:25:04 AM
Just to share my recent experience with Blackjack.fun. I made a couple bet in the casino with there in house game and manage to take small profit and decided to withdraw after making x1 wager of my deposit. I’ve got some problem with my withdrawal after the casino withdrawal transaction failed. I’m surprised to discover during this issue that the casino is already have the live support which makes the process of fixing my issue solve faster.

We just need for the devs to came online and my withdrawal is already fixed. Having a live support now is much easier to connect with the support unlike before that it will take more than a week for this same issue. Good job on this new improvement.

I never noticed that BlackJack.Fun did have live support available. I always assumed that it as always there, and I just never used it, because always use the chatbox if I have some problems with the casino and the admins are always there to help. It's one of the best operated cryptocurrency casino in all of the casinos that's being advertised in the forum.

Plus, does the bonus in the bonus wallet expire? I noticed today that mine is gone. I wanted to make a deposit and try to clear it.

1838  Economy / Gambling / Re: Researching for Upcoming Game on: December 14, 2022, 04:41:09 AM
I think fair and fun play is what is needed here because with fairness in betting makes all players feel undeceived. Apart from that, unique games are things that make us happy and events that have big prizes are also not bad.


I believe a game that makes a user play against another user, not against the house, would acheive that. But we should also be careful, because casinos can also put their own users to join the game and control the results of the games and make their users win more than what's actually probable. There are many fraudsters everywhere, especially currently now that our Bitcoins are betting more and more valuable and precious.
1839  Economy / Economics / Re: LMAO: Lagarde says Euro CBDC seeks to 'ensure high standars of privacy'. on: December 14, 2022, 04:25:59 AM
CBDC is a private ledger wherein the government, or the Central Bank controls the whole system. You may be given some "privacy" from each other, but no privacy will be given to you from the point of view of the government. Although, CBDC "may" be useful for us Bitcoiners, merely to show how "good citizens" we are, and that we "prefer" CBDC over the "evil" Bitcoin. "Support" and use CBDC my fellow plebs. Cool
That is a fact, and they will have everything on that ledger and that is good enough reason to know that it won't be privacy filled. Their privacy understanding is between people, meaning what you spend your money on will not be known by your friends, and that is understandable, considering how many government programs have been hacked, including FBI as most famous because they have so many secrets and hacking into it means death of so many people, I do not trust that they would be able to keep it a secret between people neither.

However, assuming that they mean that, they do not mean it's a privacy thing between you and government though, that's open channel for sure.


Plus it's because it's the government's ledger, in which they can manually override transactions and program the ledger to not accept certain parameters, it's truly the opposite to the ETHOS of Bitcoin. It's a censorable, centralized, permissioned network for transactions. I said transactions, not money, because CBDC is not actual money.

We should continue to educate everyone on the differences. Both will be useful, but a person should always be HODLing some Bitcoin
1840  Economy / Economics / Re: LMAO: Lagarde says Euro CBDC seeks to 'ensure high standars of privacy'. on: December 13, 2022, 12:13:14 PM
CBDC is essentially an integral element of a dark dystopia of the future (an integral part of a digital concentration camp). 

It is impossible to talk about the privacy of Central Bank Digital Currencies (CBDC).  CBDC alienates citizens of all countries from their money. 

CBDC privacy is the inability of citizens to control the country's financial system.  At the same time, the government gets the opportunity to fully control all financial flows in the country. 

Privacy is Monero (XMR), not CBDC...


CBDC is a private ledger wherein the government, or the Central Bank controls the whole system. You may be given some "privacy" from each other, but no privacy will be given to you from the point of view of the government. Although, CBDC "may" be useful for us Bitcoiners, merely to show how "good citizens" we are, and that we "prefer" CBDC over the "evil" Bitcoin. "Support" and use CBDC my fellow plebs. Cool
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