I am asking this because I do have some short of an answer for videogames and for massive multiplayer games and even for social network oriented games. Videogames require a great design, good difficulty grading, an story that engages the user, massive multiplayer and network oriented are a lot about the interactions and how varied and fun these are. However, for casino games, it would seem that these factors are not really the most important ones. You can see games with very basic graphics and design, simple in the options for the player and not that engaging yet they do "hook" people in them.
What do these games have to have for you?
They don't get hooked to the games. They get hooked to gambling. They will get more hooked when they see that they are able to win a lot. This means, you need to have good payouts and odds for keeping people interested in your casino. Maybe lower the house edge will want people to keep on playing on your casino. Good music, design and animation might also get people hooked in those games. |
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I’m working on a project, and I need input. I am trying to take every factor associated with Bitcoin/altcoins and rank them by “how decentralized” they are. Bitcoin is the gold standard, but what quantifiable factors make it the most decentralized crypto? I’m looking for 10 (at least).
What makes a project decentralized:
1) Is the creator known? Yes or no
2) how are the coins distributed? (Obviously the less spread out, and fewer large bag holders the better)
3) number of full nodes being run? (The more the better)
Can more technical people help me come up with at least 10 factors? They have to be quantifiable.
I guesses other users already gave you the rest 10 factors that you were looking for. To answer your question: 1. Creator making himself unknown truly did took the most "decentralized" decision. The creator knew that if his identity was known, people would start "following" him. Which means he would have a great influence on the system. If he had any influence, would it be decentralized anymore? Nope. 2. The more spread out it is, the better. If a small group hold majority of the coins, they can manipulate the market with ease. 3. Correct, more nodes, more decentralized. |
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It is fairly obvious, but there are people out there that have written 200 pages self-help books and made a fortune out of them by simply stating this simple fact of life: "you can invest your savings. If you ain´t got any, you ain´t gonna invest". (I admit you could argue that you can borrow but still nobody ain´t lending ya if you ain´t gonna givvet baksh).
-snip-
You should never invest borrowed money on crypto currencies. Trust me, you will regret. The market is very unpredictable. You might lose all your money within seconds if you make one mistake. You might think that you may be able to return the money next year with profit, but the exact opposite might happen. Don't forget the golden rule "Invest what you can afford to lose". You think you can afford to lose borrowed money? I don't think so. |
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According to a July 4 report by The Phnom Penh Post, Vietnam's Prime Minister Pham Minh Chinh has called on the country's central bank to pilot a blockchain-based cryptocurrency over the next two years. Set up. The initiative is part of the Prime Minister's e-government development strategy. Chineh, the 62-year-old leader of the country's main communist party, called digital money "an inevitable trend." Apart from crypto, Vietnam will also focus on implementing such advanced technologies as big data, artificial intelligence, and augmented reality. In May, the Vietnam Ministry of Finance set up a research team tasked with reviewing cryptocurrency regulations. Earlier in 2017, Vietnam imposed a ban on Bitcoin payments. Source: https://u.today/vietnam-becomes-latest-country-to-turn-to-cryptoYou mean they want to regulate it now? They probably banned it before because they weren't ready to handle crypto currencies. Now they want to study it and then start regulating it like most of the countries are doing. It's both a blessing and a curse. But still better than being banned. Now it's going to be more better if they announce that it is a legal tender on their country. More country will then eventually follow. |
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I heard about Bitcoin and ethereum around the same time. Bitcoin was I believe around $15k and ETH was below $200. I couldn't afford to buy 1btc so I didn't buy any and I didn't buy ethereum because I believed Bitcoin was the only genuine crypto currency to buy. But since my discovery of this forum I have found members who believe different. Looking back I see I have lost on both fronts and wasted an opportunity. So my question is this which is more important factor to consider before buying a coin, do you buy because of the technology of the project and what it has to offer, the utility of the token or the news?
This probably means you didn't do your research properly. So you shouldn't be investing on anything if you haven't. Bitcoin and ethereum are two different platforms with different use case. Almost every (other than those shitcoins and clone coins) crypto currency was made with different use cases. You can't compare any of those. To answer your question, yes it is worth investing depending on why you are investing. Is it because you want to use their platform? Or is it because you want to make profit? |
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Based on the list you provided, no doubt it would be best to choose bitcoin and ethereum. They both have been dominating the market for a very long time. They both have a huge community support along with active developers. So if you are looking for long term investment, I don't think you will be regretting holding those two. Just look at the charts and see how far they have come in terms of value. The rest of the coins that you have mentioned are just a hit or miss.
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The world population is about 7.8 billion, and the current number of bitcoins is about 17 million. If you don’t consider investment institutions holdings, the per capita is about 0.0021794 BTC. But in 2140, bitcoin mining will end, and the world’s population is estimated to reach 14 billion. I want to know what kind of distribution of Bitcoin will appear at that time? Will people use Bitcoin for normal transaction payments? I think there is no right or wrong view, but I believe that there will be other digital currencies to assist Bitcoin. Where will Bitcoin go?
You make it sound like everyone needs to have bitcoin. This is not how it works. It's like saying how will you distribute all fiat money among 7.8 billion people. You don't. If you are wondering how will everyone use bitcoin when it becomes mainstream because of limited number of coins, then probably we will find out a way. Maybe a unit smaller than satoshi? |
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We don't even know what is going to happen in next 10 years, and you are talking about 100 years? It might become a mainstream currency. It might have replaced fiat. It might just be used as a store of value like precious metals. Or it might just die. A technology might be invented that is much better than bitcoin. Or maybe a huge flaw has been discovered that killed bitcoin (though I am sure people will come up with a solution to fix the problem). Or maybe we invented a very super fast computer that can break the chain or the keys in few seconds. See? So many possibilities.
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On July 6, the Central Bank of China closed down a Beijing-based company that provides software services for virtual currency transactions, and reiterated that no institution within its jurisdiction should engage in such transactions.
After the People's Bank of China reiterated its long-standing anti-crypto stance and warned institutions not to provide services to crypto-related companies, Bitcoin cut its earlier gains.
Why does the negative news from China always affect the price of Bitcoin? When does Bitcoin become less sensitive to negative news?
The crypto currency market is big in China. Hence any negative news from China will have an effect on the price of bitcoin. This is because, as soon as China announces something that goes against bitcoin, isn't it normal that their people will start selling their coins they are holding? And with this the rest of the world also starts to panic. So they start selling too causing the price to dip further. The recent mining ban also had a very huge effect on the bitcoin network. These are just temporary though. The affects are seen only for short term. |
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I thought this was a gambling discussion board. What's wrong with discussing about the sportsbooks, performance and the games? You will know when someone is bullshitting by just reading what he wrote. As long as its not off topic, I don't see anything wrong. And I have seen threads about people discussing about odds. So I am not sure where you got this from. I don't post here because I don't gamble much. I only post when someone is looking for a good casino recommendation.
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Do you guys think one day USA may ban cryptocurrencies? If yes what would happen? I think it's not totally impossible and that would be a global crash on prices.
Here bitcoin is treated as an asset/property. We have clear guidelines and rules on how to trade, hold or sell bitcoins or any other crypto currencies. So I don't see any reason why the government would want to ban crypto currencies. The government knows that they can't "ban" something that is decentralized. So instead of being stupid and banning it like some of the countries did, they decided to regulate it. Even if they do (very highly unlikely), we will see the price nosedive. Going to have a very long impact on the market and may probably then recover. |
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I haven't heard of this coin before. Do you think its a scam/shit coin? You probably have done your research. There are so many privacy based coins now, all of them are almost identical or offers something very shitty or nothing new at all. If that is the case, then highly likely its a scam/shitty coin. Don't invest if your gut feeling says its going to die.
Others that are saying it has high volume, you guys do know that volumes can be manipulated, right?
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We might see two cases over here:
1. It is going to be a coin that has good use cases and functions that will contribute to current crypto environment and help solve any existing problems. It's going to have an active development team and community.
2. Or (very highly unlikely) its just going to be a shitcoin. People will invest in that shitcoin because they know its going to trend for a while and they can make quick profit from it. The value maybe hold because people "believes" in Elon or it may crash after few months.
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Cryptocurrencies are not regulated in UK and so this is say another move to supress the exchange that trade in cryptos.Moreover they have said that they do not comply with AML policy of the country as Binance withdrew its application last month for setting up Binance digital market place in UK and also suspension of card payments for customers which makes another reason for them to take this decision.But if you have to work in regulated environment you have to comply with rules and regulations of the final authority which they didn't so they can't operate them.
I don't think UK has anything to do with crypto currencies. Yeah, it is not regulated, so cryptos are not their headache. But Binance does deal with fiat currency, right? This is where the problem is. I doubt they would have banned binance if binance didn't support fiat currencies. Each country has their own rules and regulations. They follow their own AML policies. So if binance can't comply with the UK standards, then they will have to go. I am guessing we will be seeing binance.uk soon. |
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-snip-
they using bitcoin already as fiat.thats why I do believe that bitcoin will never be gone anymore.bitcoin will be part of our life forever.
How about you? Do we have the same idea of bitcoin?
You are a little wrong over here. You meant use it as a regular currency to make day to day transaction when you said "use as fiat", right? Unfortunately, people can't yet use bitcoin as "fiat" currency. There are few issues that is stopping us from using it as a currency for making daily transaction. Look at the fees and the waiting time for one confirmation when the network is under heavy load. Do you want to pay $20 fee for buying a cup of coffee or do you want to wait for an 2 or 3 hours? I don't think you would want any. But yeah, people will eventually find solutions. So bitcoin is here to stay. |
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You title is such a clickbait. Threads and titles like this is what spreads the rumors and FUDs. You are making it sound like El Salvador has announced to revoke bitcoin as legal tender, yet your thread says "what if?". Don't mislead people. This will only cause a negative outcome.
El Salvador knows what they are doing. They were ready to handle bitcoin as legal tender, hence they did it. I don't think they will revoke it as it will cause a lot of problems. It's going to be a chaos for their citizens that invested in bitcoin or business that accepted bitcoin because it was a legal tender. You are just being very speculative and thinking only about the worst.
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What do you mean by "sports be strengthened"? Are you talking about sports betting? People can already bet using crypto currencies. There are many casinos that allows sports betting. You can even bet on e-sports games. Those sportsbooks are just the same. Instead of betting with fiat currency, you now just have to place bets with bitcoin or other supported altcoins. I don't see any other way the "system" can be improved. It is perfect as it is now. But I have heard there are some "tokens" or projects that solely focuses on sports gambling.
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Bitcoin is a decentralized currency. No country owns it or no country has full influence on the market. So if China puts a total ban on bitcoin, it will only affect the market temporarily. It won't become worthless. It highly likely will never be (unless the current chain can be broken or a huge flaw is found which puts bitcoins security into question). We will see a crash in the market because their people will start selling their coins. Once they are done selling, new investors from other countries will have opportunity to invest. This will help the market to get back where it was.
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Hi there, I was looking at a couple of ICOs on CMC today (especially at Safelaunch) and it's been a while that I started to analyze the "results" of some previous ICOs like Centrifuge, Bytenext and other random coins.
I noticed that their ICO price was way lower even than the very first opening price, so I was wondering if it could be a good idea to regularly take part in these events, and, if an ICO allows me to freely manage the money I placed in it (for instance, immediately taking back my money if my profit target has been reached).
P.S: with "good profits" I don't mean bullshit like 10x, 100x and "to the moon", (obviously everyone has a different conception of "good profits"), but a decent amount of money that allows me to make an accumulation plan, would be great to see other people's experience.
I thought ICOs were dead now. Didn't the hype end already? Is ICO still a thing? Even if it is, I doubt it is profitable anymore like it used to be. Back then people made a lot of money through ICOs. When the hype ended, most of the people lost a lot of money. They knew they were going to lose, but still tried out their luck and now regrets. Most of the ICOs are scam. They raise money and then makes an exit scam. Safelaunch sounds like scam project to me lol (probably because of safemoon haha). If you are looking for "good profits" and not 10x 100x, then why not invest in top well known crypto currencies? |
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Seems like China is done with Bitcoin. Hash rate has dropped by over 60% in the last few weeks, which confirms that miners are exiting China for good.
How does a Bitcoin exit benefit China in the long term? What do you guys think is China's game plan?
A lot of chatter about this being "China's trillion dollar mistake". I don't think China's dumb, so keen to hear what they might have up their sleeves.
It is not very surprising to be honest. China has been planning this for so long. Probably China is doing it on purpose. They are launching their own "digital currency". They probably see bitcoin as a threat to them. Once they launch their currency and test it out, they will highly likely make bitcoin legal again after making sure that it doesn't conflict with their own digital currency. And China isn't dumb. They are smart. Every move they make has a motive behind it! |
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