I am a new wanderer to these parts and "A walkthrough of the martingale strategy" is something I'd be interested in. It'll be great if you can share a link.

If this discussion is comparing PC/ Console gaming experience and the movie experience with the Gambling experience, isn't that a losing bet? Purely for entertainment, gaming is way better. Gambling games have a much lower outcome time though. Like, I could be stuck playing DoTA for over 40 minutes while I could lose/ win a lot of bets in that time. Though every kill in the game is also an outcome in itself yet the effort that goes in setting up a gank and rolling a dice is incomparable.
My opinion on the original question is that it is hard for me to understand the charm of purely luck based gambling. Betting on the other hand seems slightly more interesting because there you do have a certain set of information to use for deciding what you will bet on.

The evidence here is sufficient for anyone to know what exactly Visipilo is thinking. On being called out for his unworthy behavior in relation to Yobit, the defense they came up with is "The Chipmixer Gang (??) wants to keep our guy away from getting in because he is a great prospect". Self-declaratioins of being the "most well known" local member are only digging the hole deeper. Someone who thinks that everything in the forum revolves or should revolve around Chipmixer and financial motivations would pretty much have been explicitly unsuitable for DT earlier.

This is a final attempt to counter you in your own writing style, of which, i think he made a commendable effort. It only ends up looking like a perfect example of imitation being the sincerest form of flattery.

I followed the discussion for a few pages but couldn't find the question that came to my mind on seeing this. My ISP has these issues where the connection could be gone for more than 24 hrs. (In reality, the ADSL lines are lying exposed on the ground and the hand-twisted connection frequently gets sheared by passing cars, marauding kids and I'm not even joking). If i run an LN node and open a channel by putting some Sats and making a funding transaction, does the onus now lies on me to ensure that it is always online (or online atleast once in 24 hours)??

If for some reason, i happen to just leave house or the neighbor's kid decide to pull on the lines, would that mean forced channel closure leading me to pay on-chain fee unnecessarily?
Sorry if i have not googled for this. I'd like to read more about the challenges and roadmap of LN.

From the problem that Jack solved using this app, it proves useful from a pro-BTC merchant's point of view than the customer's. A pro-BTC customer would probably already have an LN wallet with funds on it to make an LN payment. The app becomes useful if the merchant has an LN setup like his parent's shop while the customers don't care how they pay. The shop asks them to install the app and then use it for payments.

Why would a customer prefer the app over making a Debit card payment on a swipe machine/ PoS? Apps like Strike simplify the mechanics to use BTC provided the motivation to use is already there.

What am i missing here? What exactly is "Decentralized" gambling. You are already using an anonymous, permissionless currency. What can a casino want as a service provider that decentralization helps?
Zero benefit to the gambler as well. Also, by very definition, a casino has to be a centralized entity. So this is a good idea to discuss but no, not going to happen.

I am glad that you are back for whatever short period it is going to be. It is good to have someone with your depth of knowledge who has the best interest of forum and bitcoin in mind. Your posts take effort and time to wrap our collective heads around but make the time spent here much more worthwhile. This topic was started in 2018 and gives so much clarity to all the recent drama around Yobit, TS and the arguments with Suchmoon about how to define trust here at the forum.

I would like to comment on a few of the rules and maybe the discussion can lead to clarity for me and others.

This is a bit unclear to me. So I'll comment on what i understand from it.
Spammers define "remove" as "validate":
When the honest user finds something spammy and wants it to be "removed", the spammer takes it as an opportunity to say things like "Lets not throw the baby out with the bathwater, Lets validate this in a way that gives it an appearance of being okay"
Doesn't this pretty much sum up what happened with Yobit changing their X10 Signature and Yahoo enabling that instead of taking a different stance or letting them go?

The Nullian corollary:
Spammers redfine crytpo as ==> Free money for everyone (Airdrops, ICOs)
                                          ==>Opportunity for poor (Venezuela, Save the babies)
I am lost at "destroying the socioeconomic utility of mass communication". Where does this fit in?
I too felt at one point that crypto really could enable an alternate economy with easier access to capital and for everybody..Yet, the "Help the poor" argument was exploited so shrewdly by Roger and his ilk that it is impossible to accept it as sincere. I think that "Bitcoin is for everybody" is the most convincing pro-maximalism argument I have read.



This is something I feel needs to be dealt better. I raised the issue back here and you said:

Granted that people call each other names when they are pissed. In a global interent community, it is much easier to play the victim with the racism card. When we use racial generalizations, there are enough instances to see that such divisions only strengthens the "democratic spammers". As a temporary measure, I propose that we should try using only "non-race specific" slurs while tackling spammers..

(Personally i feel if you are not a spammer looking only for money drips out here, you wouldn't much care about racial slurs. Its only yesterday i learnt that "Pajeet" is very India specific...LOL..)


Pretty much self-explanatory and quotable.

The logic is quite simple. Yahoo has been an active, successful manager. There was a time when he was the only one managing campaigns and his judgement has almost always been based on the commercial aspect. Keeping track of money is almost always easier than maintaining a stand when it comes to things like honor, loyalty, work-ethic etc etc which Lauda, Nullius etc are trying to shove down everyone's throats...

Yahoo's claims about becoming the Yobit manager so the campaign got cleaned up may hold some weight but he was not doing it for free. I wore the signature myself initially as it was pay per post. I hadn't worn a signature for a long time as i did not fulfill the background needed mostly. I removed it a week or two later. When the X10 thing happened, that is when Yahoo could have taken a stand instead of enabling/ managing them. It comes down to the question that should the seemingly well known/ respected members be held to a higher standard?

Personally i think Yahoo is a decent manager and he spends a lot of time managing these campaigns and it maybe a big operation for him. It'd be all fine if he was treated just that way. A good money manager. All this pretense about him being a respectable member and having done a lot for the forum should be dropped. (amplified by all the people fawning over him to get into his campaigns, which is something he should probably try to discourage). This is just another one of the instances when people doing business at the forum have shown that it is money that matters to them over the ambiguities of taking a stand or being the bigger person. An instance i myself know about is when he almost tried to wrangle an upstart by catching a "bug" he already knew about.

Nobody is above the lure of money/ power. Everybody has a price. It just depends on the level you are at. DT was probably meant to be a sort of group of conscience-keepers but with the current system it is always going to be about letting people make their own decisions and let it play out. I would prefer if it maintained some semblance of ethics and was free from the effects of commerce. We can dream, right?

This has all become so absurd. The whole trust picture has become debatable because in the last iteration , Theymos truly "democratized" trust. (probably after changing his own opinion about how "decentralization" is not the answer to everything). That was when we witnessed the mass uprising with all the "oppressed" people red-tagged by Lauda et al coming to realize their strength in numbers.

Suchmoon has clearly stated that he will give trust ratings based only on trade history. Nullius wants trust system to imply trustworthiness in terms of overall judgement and principled behavior. If humans were perfect and we all had the same levels of self-respect, everybody on the forum would be making independent judgement on trust (Whether trade based or opinion based) and it would all come down to a stable equilibrium sans any drama.

What happens in reality is that the world gets divided into camps. There are the ones sticking to their self-held principles/ judgement trying to be the "lonely wolves". They get targeted by the "swarm" of people whose opinions are generally determined and swayed by their common interests on the forum (bounties/ referrals/ earning). Theymos once said that he considers it one of the success stories for the forum that it enables people in developing countries to make money.

The fault with this "principled" side lies that they are too clever for their own good. They are passionate about their quest to clean up and target the scammers. They find people abusing the system and all that righteous fury spills out as colorful, sarcastic language that cuts deep. "Pajeet, Third world bottom feeder, all your cousins and uncles" are the oft-repeated generalizations. When you use that language you risk biasing each and everyone of those people against you.

The swarm on the other hand consists mainly of the followers and a few leaders. These leaders generally have a separate sense of "sharing the goods" which doesn't always matches with the work-ethics of our lonely wolves. The drama in Turkish section is a typical example of this where people actually considered it natural to include their family and exchange trust ratings/ merits to "progress" in the forum. This seems childish to the lone wolf at best and unethical at worst. To the swarm, its just how things work. Through a system of references and propping up one another. The problem with the swarm is when its leaders try to use "democracy" to settle scores. They easily utilize the pain caused by the aforementioned sarcastic insults to target these people.

This has been going on for a long time and I suppose nullius missed a lot of that drama. The trust system has to kindda evolve into a state where the Swarm leaders and lonely wolves can agree to a certain set of ethics. Suchmoon has been through most of that drama and has found refuge into simplifying the system. "Trust is only for trade, easy-peasy". It can only be good that both him and Nullius are being forced into a discussion so we can once again have something more than simple commercial interests drive this forum.

Nullius may have been inactive for sometime but I have read enough on the forum to know that this allegation of "change in language, demeanor" is pretty juvenile. Nothing has changed with Nullius. He is still the same old difficult and fun to read person that he always was.


PS: I forgot to add, "Win Big with the Lucky Cat"...LOL..

This thread has a lot of anecdotal information and you make many references to the world of gambling that a new person would find not identify. I get that someone will need to actually be immersed into it to get all the references. My question was aimed at getting a bird's eye view of what the "Gambling world" is like. How would you describe it to someone in a way that they can decide if it is for them or not, the triumphs and the tribulations?

I understand that it is a pretty open ended question and someone could probably write a book on that. Your experience is mostly in sports betting and you are doing a great job in eliciting interest. I think the line that best summarizes it for a newbie to the world are in just your last reply:

Producing counterfeit currency is almost always state sponsored financial terrorism. The theories to explain this are far from conspiracy theories. This 900K is probably just a drop compared to the whole operation. India has been at the receiving end of Fake currency published in Pakistan for several years now. There are regular seizures and this was one of the reason that a large tranche of high value notes were removed from circulation in India.

While most people consider that exercise a failure, Govt has maintained that it lead to a drop in the Kashmir unrest because the financing got stopped as the old currency notes were left invalid. Then there is the long term effect of causing inflation but that would mean significant larger amounts.

These smaller amounts are generally meant to finance the small operations in terror related activities. It is understandable between India and Pakistan but why would China do something like that to the USA is a little difficult to understand. Undermining US position as the superpower by financing covert operations?

Tata Cliq sucks. I sent a friend of a mine a bit of women ethnics from the website as her birthday gift. The bloody delivery guy never delivered the package and these people showed me a wrong signature as the proof of receipt and washed their hands off of it.
Literally stole my money lol..I sent them a lot of colorful mails exhorting them about the great Tatas and how they had dragged their names into dirt!!

Heisenberg already gave a reply which leaves little more to add except my opinion on Flipkart vs Amazon. Flipkart wouldn't have survived Amazon's amazing customer service and Jeff Bezos' ferocity. They do have some hope now that they have been taken over by Amazon's fellow western friends. What doesn't change is the fact that Indians per se will continue to be one of the biggest markets for them. There was a time when India had to be conquered by the English so they could sell good made by us to ourselves. Now they only need to buy companies.

That is also some exciting story in itself. A lot of people over invested during the mining boom with GPU mining. 6000 Watt would mean almost 40 GPUs. That in itself might be a >10K USD investment including the cost of processor, MB etc to complete the rig. With the current prices, it is not possible to sustain such a GPU operation except for speculation.
Same is the case with BTC mining. It has become out of reach for home miners without significant investment. This is the time when you are compelled to envy all the people who got into this during the PC era. Yet, those people were there because they were technically sound at this and made their millions because of what they knew.

So its not the money but the knowledge/ information that is valuable. Money is just the convenient by-product.

Great thread to read as my first one coming into the Gambling section. Being a professional gambler yourself, I am sure you have dipped hands into almost everything from dice games, poker to slots, maybe in both the online as well as real-world casino format. So here is my question.

How would you describe to someone about the world of gambling including its value as entertainment as well as a source of income, like in your case.

PS: You described the sports betting and your strategy towards it in one of the answers. It seems a big part of it is actually watching a lot of sports. So, Watching sports and then earning money off of it, you have done quite well..

Hello efialtis. Applying for a Sr. Member spot. Thanks:

Username: amishmanish
Post Count: 841
Amount of Merit EARNED in the last 120 Days: 33
BTC Address (must be SegWit): bc1q58fyah8t0k3qz8u66g33ryl3x6d4n809p8hckf

Fulfilling the tradition for ages now. I am sure my ancestors would be proud..

LoL..Seriously dude. You know better than to post this translation work in the main board.

Also, I am a fan of these translations..

रहस्मय बोनस में क्या दे रहे हो बे?

और साला लॉयल्टी बोनस से फेरारी दे दोगे ??!! ग़ज़्ज़ज़बब

Par sahi batao, ye sab backchodi padh kar koi aata hai ki tum bas translation job ke liye daalte rehte ho ye sab??

Long before Amish Tripathi released his triology, I watched this fun the video "Amish Paradise" around 2004-05.
Then went on to read about the Amish community in USA that live by the old ways and still refuse the conveniences of technology. I liked the concept enough and they have been a loved prefix ever since. Plus they rhymed nicely.

What exactly are they trying to do?

I logged in after a long time and see this Altcoin announcement about some Dark Pool where they supposedly have a solution for all the 200 different exchanges already working out there. Talk about re-inventing the wheel. They also claim some Latvian startup achievement for which i did not find a link.
Any fellow indians lurking here, did you join their telegram etc? It is such a pain to actually look for anything meaningful in Alts. They all inevitably end up screwing themselves.

Great post Heisenberg. I agree to the self-promotion bit. I think a moderator should be able to provide a nurturing space for initiatives without making it about self-promotion. He needs to be cool headed and should be able to see through his own biases and conflicts of interest. He shouldn't be very concerned about the "riches" part of it, which unfortuantely, is something that cannot be said for too many people. I think this is pretty normal too and not really exclusive of the Indian crowd. You won't find many exclusive philathrophists in the forum in general too despite the virtue signalling and shaming of newbies. There is definitely the clash of work ethics and frankly, we suck at it in the eastern hemisphere. (Professional Indians being our saving grace..lol)

Thanks for endorsing me and I think you are the best guy for the job right now if @Theymos ever turns his Sauron eye to this. I am happy to be the conscience keeper if you guys need me.. I am more interested to get a bit more connected in real life when the chance comes. Lets see after that.

b    -POSITIVE

bc1q58fyah8t0k3qz8u66g33ryl3x6d4n809p8hckf

LOL..Here I am..
--amish