A rather strange situation. Allegedly the SEC has labeled it as security and is suing Paxos, which, if true, was likely the reason behind NYDFS ordering them to cease issuing new tokens.  https://twitter.com/milesdeutscher/status/1624953792872718336That's bizarre, if anything, BNB would fall much closer to being security than BUSD. All this fits in into operation Chokepoint 2.0 theory. Or maybe it's just a result of a geopolitic tensions between US and China, as Binance is rumoured to have quiet support of the Chinese governmet. |
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I missed the good old days when you could mine profitably with this bad boy. Everything was simpler back then   At least I have some memories. I kind of feel sorry for those who got into bitcoin later and never had a chance to mine anything themselves. |
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And here is the kicker that nobody want's to hear. Most people WANT more regulation of things like this. Because *most* people don't want to know or care about how BTC works they just want to make money off of it somehow, and regulation makes them feel safe.
Most people don't have strong convictions about anything really. You can shift their "opinions" just by phrasing the question differently. If you present a question of more regulations emphasising safety etc, they'd be for it, but if you point that the banks/authorities will limit their freedoms and have ability to censor them - they'd be against it. Another black pill is that what people think is completely irrelevant to what type of legislation is being passed. As evidenced by a "Gilens' flatline", aka "The most terrifying graph on democracy" (a big study compiling nearly 2,000 US polls, conducted in 2014).  |
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But be careful, the road to 1M RPs is really long, and once you reach this mark, there are serious risks bitcoin will be on a much higher price range, what can consequently make freebitco.in's staff team to reduce the currently exchange rate of 1 RP : 1 satoshi to something like 1 RP : 0,5 satoshi.
Possible, but I'd be guessing, that if they were to go that route, they would first announce that the exchange rate for reward points is now variable and depends on BTC price, so it would go down progressively rather than jumping straight from 1 sat to 0.5 sats. But that's just speculation. |
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Nah, I'll pass on this one. If it's single time, then that totally depends on your luck.
But you would probably take it if for $1 you could win $1,000 right? So what would be your decision making process for when the bet is attractive to take? Or is it just based on current feelings? I prefer sport betting more than casino bets, for this scenario dice roll. I think it keeps you on the edge and drag you towards addiction. In sport betting, you can analyze and make strategies. But in gambling, there's not much to do.
Both, sports betting and classic casino games are classed as gambling and both are addictive. The only advantage of sports betting is that mathematical odds are harder (if not impossible) to calculate, so there's always a chance of taking advantage of miscalculated odds. |
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They should. It will help decentralized exchanges
Decentralised exchanges don't operate with fiat money. They could replace it with stablecoins, but at the end of the day, stablecoin issuers also would need access to banking to hold fiat deposits and process transactions. We need people to be able to buy/sell for fiat. US is trying to ban Bitcoin, not only the centralized exchange!
They won't ban it outright, the time for that has passed a long time ago. Now, when crypto is pretty much mainstream, they can only slowly cripple trading and other crypto-projects to keep it contained and not pose a threat to the financial system. |
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Basically it is about bitcointalk not being too kind for them anymore, so they probably left, or at least not care about here as much as they used to, and they just focus on the website itself.
I can understand that. This forum can be pretty toxic sometimes. Just looking at the recent posts, it's mostly people (myself somewhat included), who don't even play or invest there, just bashing the site and admin for multiple things, including not providing customer support, which turned out to be not true. And why would they need an official representative if we keep bumping this thread, and keeping it on the top, absolutely for free  In a day and age, where other casinos are spending over ten million dollars a year, even as much as 50 million total, I would say that bitvest doesn't really have a bright future. Not because it is bad or anything, they are legit, but look at the companies they are competing with, it's really not that easy.
They won't be able to compete with the top casinos in terms of revenue or number of active players, that's for sure. At the same time, they occupy a nice, little niche of anonymous gambling, powered only by crypto, with no blocking by country or KYC requirements, and offer the option to invest in the bankroll. There will always be people attracted to that, and that's something the top sites are unable to offer. As long as they don't pull any scams, are active in solving any issues and are not dependant on only one person - there's a future for BitVest. Rebuild this casino?
Are there any problems?
If you do tend to check and look their platform which it do really looks okay and fine which i dont know on why people do keep on saying that there's something wrong
with their site.Everything is smooth and there were no complaints here on their ann thread.I dont know if there are some issues raised silently but so
far there were no issues as of this moment.
Yeah, I don't get it either. Don't fix what's not broken. Personally I prefer old-school designs to "modern" ones. |
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Martingale is a guaranteed winning strategy only under two small conditions: 1 - there are no bet limits, 2 - you have an unlimited amount of money.
That is false No, it's not. ... the conditions are unrealistic, ...
You don't say! Really?! Thanks for your wisdom and for letting us know. Keep it up! Martingale is a terrible gambling strategy in the long run, and I'm sure we all agree on that.
We can agree that there's no winning strategy for any games with a mathematical edge not being on your side (negative EV). But if you still want to gamble on such, then martingale is just as good, or just as bad as any other betting style. You're just betting on not having a losing streak exceeding your bankroll. |
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Do you realize that in order to reach $1 million market cap should be around 21 000 000 000 000? I can't say that's not possible, but that's a pretty big goal and I'm not sure if we'll ever see that. When people say that BTC's value is infinite it sounds kinda crazy, like you're from a cult.
That's right. People like to toss around big numbers without giving it much thought. To put things into perspective: The total global value of gold in existence (including gold-backed ETFs but excluding underground reserves: $11.5 trillionThe total value of global tangible currency (banknotes and coins): $8 trillionTotal assets of world's top 4 largest central banks (Fed, ECB, PBoC, BoJ): $28 trillion Data from 2022. Source: visualcapitalist.com |
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And for bitvest, those who gamble on this casino confirmed that they still get a response from the customer care when ever they open a ticket, so maybe the man is still working on the casino behind the scene.
Correct. Customer service is there and they're definitely responsive. I've done a quick test and just asked them directly as posted aboveYes, i do believe that Freebitco is much more older than Bitvest but still its one of the oldest
Satoshi Dice was probably the oldest (on-chain betting), established in 2012. Freebitco.in in 2013, BitVest in 2015. |
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Martingale strategy can be used when playing Video Poker. I'm doing it from time to time, and it's fun. You should try it. As it is always with purely luck based games, there's no guarantee that you will not lose your entire balance following this strategy, but if you are ready to stop in time, or your entire balance is not that big, try it, starting from the lowest bet possible, of course.
Video poker is not a real poker. Martingale is a guaranteed winning strategy only under two small conditions: 1 - there are no bet limits, 2 - you have an unlimited amount of money. The longest losing streak on roughly 50/50 outcome that I know of, was recorded on Just-Dice and it was over 30 bets long (can remember the exact number). That being said, I've heard about brick-and-mortar casinos not allowing players to use martingale. So maybe it was somewhat profitable when playing in short-term bursts. Also, it would be interesting to see more replies regarding the question in the OP.
Nah, enough has been said already. I think we settled that using the Kelly criterion is the only logical way of deciding the stake other than making an emotional decision. This topic went off the rails a long time ago OP, please,  This thread is my gift to bitcointalk's gambling community  Not locking it. Ever. |
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...
And that's why I said that it's better to invest in popular coins like BTC or ETH, because even if investors are experiencing losses now because the price is unstable and tends to decrease, the opportunity for these tokens to recover is much bigger in the future compared to Defi tokens, NFT. , metaverse, or other projects. The point is to stay patient and not panic sell your tokens when the market goes down.
Sure, but BTC/ETH is no longer appealing to the "get rich quick" investors. If you only have a few hundred $ to spare, the perspective of putting it all in btc, which (big) maaaybe will net you up to x5 of your investment in few years' time is just not attractive enough. And that's not to mention that big chunk of such "investors" don't even understand where are those ridiculously high yields in defi projects coming from, and they don't care as long as the number is high. The trick is to make informed, emotionless decisions and have the same approach to investing small amounts as you would with large ones. |
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I don't think that somebody who owns this cashino platform which I believe that is the oldest casino platform in this forum
BitVest is definitely not the oldest one. I don't know which site is actually the oldest (SatoshiDice? Just-Dice?), but I don't think BitVest would even be in the top 20. 7-8 years of continuing operations is still pretty good though. ...still wants to continue the signature campaign on this phone ...
 ...because since it had issue with some people that is not a massive pad or massive negative tag...
Past issues don't matter at all. If LL decides to run another one, he will have no trouble getting participants, it's just (by the rule of thumb) the lower the pay rate is, the lower the quality posters he will attract. But looks like they gave up on bitcointalk, at least for now. |
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Imho it's not 100% OK since it looks like you've missed the smartphone users.
Yes, on my PC (Windows, Chrome) hovering works and it shows the source. Well... on my smartphone (Android, Firefox) nothing happens no matter what I do with that "object".
So I see it pretty similar to telling the source, but telling it in a somewhat hidden way (eg transparent text). Not 100% ok...
Good point but I don't think anyone would accuse someone of plagiarism just because of the limited capabilities of the device that they use. I think the context matters way more than the way someone is quoting a text, i.e. quoting someone else without any wider context or reason to quote them would be a good indication that the poster attempted plagiarism or is at least spamming. To avoid committing "plagiarism" you should cite the source properly.
That's judgmental though, what's "proper" to me may not be proper to you. |
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Governments of countries in which there is significant political, economic and administrative corruption tend to permanently prevent dealing with cryptocurrencies and consider this a criminal offense, while more stable countries issue regulatory laws to regulate dealing with cryptocurrencies.
I suspect that, to a large degree, it's just a result of laziness. Whenever you have something new and potentially disruptive to the current system, embracing it and regulating would require a significant legislative effort, which less-developed countries are either unwilling to do, or just lack competent people with the right expertise. On the flip side, a complete ban on cryptocurrencies would also require some effort, i.e. in defining what cryptocurrencies actually are (i.e. would the ban cover any form of trading any digital goods/tokens?). So often times they end up with some weird half-bans when they just instruct banks not to support any crypto-related transfers etc. |
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Anyone can attempt to sell old ASIC at high price, but i have doubt there are any buyer for it. There are too many variant of USB miner out there and Bitcoin mining isn't very popular even among Bitcoiner, while casual hobbyist would prefer newer USB miner such as Compac F.
That's true that anyone can set any price they want, but all listings for this type of miners were broadly in a similar range, while newer generations (but still obsolete) were notably cheaper. Some of them had some sales iirc (I haven't done any proper research on it though, just a quick check). That could be a sign that the collectors' market could be slowly shaping in. Of course, there's no chance for any massive demand, probably just sentiment buyers. |
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Ok I have tried the live support on many occasions and it works perfectly, I am sure you will receive a response as soon as possible unless what you asked is outside the support coverage.
Well, you were not wrong. Not sure if it was LL himself or some other customer service staff, but they responded within few hours. That restored some confidence. They also confirmed that do not provide support in this thread. I guess I might just paste their response here: Hi [redacted]
Do not believe everything that people say on the internet, customer support is present and admins are online more often than not.
Bitcoin talk thread is not where Bitvest provides support though , we cannot monitor threads on every forum. |
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Two more email updates today, one from Kroll, 2nd from BlockFi Kroll: Please find below links to the following important documents, related to the bankruptcy proceedings of BlockFi Inc., et al. (the "Debtors"), Case No. 22-19361, United States Bankruptcy Court for the District of New Jersey: · Notice of Bar Dates for Submitting Proofs of Claim and Claims Under Section 503(b)(9) of the Bankruptcy Code Against the Debtors. General Bar Date: March 31, 2023, at 5:00 p.m. (prevailing Eastern time). · Guide to Filling out Your Proof of Claim Form(s) To file a proof of claim, to obtain a downloadable proof of claim form, or to obtain additional information on the Debtors’ cases free of charge, please visit https://restructuring.ra.kroll.com/blockfi/EPOC-Index. PROOFS OF CLAIM MUST BE SUBMITTED BY MAIL, BY HAND, OR THROUGH KROLL RESTRUCTURING ADMINISTRATION LLC’S WEBSITE. PROOFS OF CLAIM SUBMITTED BY FACSIMILE OR ELECTRONIC MAIL WILL NOT BE ACCEPTED AND WILL NOT BE DEEMED TIMELY SUBMITTED. All known creditors of the Debtors, as of the November 28, 2022 petition date, are listed on the Debtors’ Schedules of Assets and Liabilities (“Schedules”), filed with the Court on January 12, 2023. In addition, the Debtors listed certain amounts held by clients in BlockFi Wallet Accounts on the Debtors’ Statements of Financial Affairs (“Statements”). To protect the confidentiality of individual clients in these cases, the names and addresses of clients are not detailed on the publicly filed Schedules and Statements. Information relating to your Scheduled Claim(s) and/or your Wallet Account Balance(s) (as of November 10, 2022, at 8:15 pm prevailing Eastern Time (equivalent to November 11, 2022, at 1:15am UTC)) is below. For additional information please contact Kroll by phone at 888.773.0375 (Toll-free) or 646.440.4371 (International). The Amount, Nature, and Priority of your Scheduled Claim(s) are set forth below. If you agree with the nature, amount, and classification of your Claim as listed in the Debtors’ Schedules, and if you do not dispute that your Claim is only against the Debtor specified by the Debtors, and if your Claim is not described as “disputed,” “contingent,” or “unliquidated,” you need not submit a Proof of Claim. Otherwise, or if you decide to submit a Proof of Claim, you must do so before March 31, 2023, at 5:00 p.m. (prevailing Eastern time). BlockFi International Ltd. General Unsecured; Amount $[redacted]; Basis: BIA BlockFi International Ltd.; General Unsecured; Amount $[redacted]; Basis: BIA Interest Custodial BlockFi Wallet Account contents as listed on Statement of Financial Affairs Question 21 are set forth below. Clients do not have a Scheduled Claim for the below BlockFi Wallet Account. (If you are not listed on the Debtors’ Statements as having Custodial BlockFi Wallet Account contents, no information will appear below.) Debtor: BlockFi International Ltd.; Currency Code: usdt; Value: [redacted] Debtor: BlockFi International Ltd.; Currency Code: eth; Value: [redacted] The amount stated (redacted) are as at 10 November 2022, at 8:15 pm prevailing Eastern Time, so when BTC was pretty low at below $16,000. The quote I got is over 20% less than per my statement at the end of October. Not ideal, but will probably accept that and won't be filing a proof of claim. 2nd email from BlockFi: Beginning today, BlockFi clients will receive important information regarding the proof of claim process from BlockFi’s claims agent Kroll. Here are five things to know about BlockFi’s proof of claim process: 1. You can now look up your listed claim(s) and BlockFi Wallet account balance online You can check how BlockFi has listed your claim(s) in the Schedules of Assets and Liabilities (the “Schedules”) for BlockFi Interest Account, BlockFi Private Client, and Loans, as well as your BlockFi Wallet account balances, by visiting the website of BlockFi’s claims agent, Kroll, here. Here is an example of what you will find on your personalized dashboard on the Kroll website, which will include all of your claim(s) and your BlockFi Wallet account balances.  2. You do not need to submit a claim if you agree with your scheduled amount If you agree with your scheduled claim information and Wallet account balance(s), then you do not need to file a claim and no further action is required at this time. If you believe that your scheduled claim information is incorrect or incomplete, you may file a proof of claim. The bar date, or deadline to submit a proof of claim, is 5:00 P.M. (prevailing Eastern Time) on March 31, 2023. More information on how to understand your scheduled claim amount and fill out your proof of claim form can be found here by clicking the Client Guide to Filling Out Proof Of Claim Form(s). 3. The Scheduled amounts are listed in U.S. dollars; BlockFi Wallet account balances are listed in cryptocurrency The dollar amounts listed on the Schedules are based on coin values as of November 28, 2022, the day BlockFi filed chapter 11. Please refer to the table in question 7b on the proof of claim form to see the price that was used to convert your in-kind cryptocurrency into U.S. dollars in the Schedules. BlockFi Wallet account balances are represented as cryptocurrency in-kind as of the platform pause, rather than dollar amounts, since they were not included in the Schedules. 4. Clients will be receiving information from Kroll, BlockFi’s claims agent Information regarding the proof of claim process will be sent to the email address associated with your BlockFi account and mailing address on file with BlockFi as of November 28, 2022, the Petition Date. Emails will be sent from BlockFiBankruptcyNoticing@noticing.ra.kroll.com. Please check your spam folder if you do not receive this email by February 14, 2023. 5. Here is where you can turn for additional information We understand that you may have questions during this process. You can refer to our Proof of Claims FAQ for more information. Additional information regarding BlockFi’s chapter 11 proceedings, including the proof of claim process, can be found by visiting the website for BlockFi’s claims agent Kroll at https://restructuring.ra.kroll.com/blockfi. Clients may contact Kroll at (888) 773-0375 (Toll Free) or (646) 440-4371 (International), or email blockfiinfo@ra.kroll.com. BlockFi Strangely enough, the 2nd email is referring to the USD amount as at 28 November. I can't check the balances under the link provided, as it just won't load. Their servers mau be overloaded atm. |
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