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1941  Economy / Gambling discussion / Re: No House Edge -- How Will It End? on: June 12, 2020, 10:30:18 AM
When playing on a 50/50 odds PvP, the player with the most potential attempts will be least likely to bust.

For example, a player with $10,000 going up against somebody with $10 on a 50/50 odds table, the latter is most likely to first to bust—simply because he only gets 10 attempts vs 10,000 for the other guy.

If you scale this to infinity, both players will eventually bust.
1942  Economy / Gambling discussion / Re: Manny Pacquiao Might Fight Golovkin on: June 11, 2020, 11:00:08 PM
I hate it when old fighters come out of retirement, it seems stupid. Manny is on of the greats, sometimes it’s a good idea to honour your memory by staying out of the game. When they return they're never as good, he has enough money, he doesn’t need this.

Who's coming out of retirement?

Pacman came out of retirement years ago and he's actually been dominating.

GGG never went into retirement as far as I'm aware.

Their age range isn't massive, and they're both still doing well. Sure, it probably won't be a crazy fight, but it's definitely better than watching B-grade fighters.

Edit: Casted my vote for GGG, he'll absolutely stomp Pacman, he's just too big and has a granite chin.
1943  Bitcoin / Bitcoin Discussion / Re: WTF is going on in crypto 💣 on: June 11, 2020, 10:04:19 PM
Curious how you think Kyber Network and Enjin have anything to do with the future of crypto...

Both of these have failed to achieve their potential and are currently stagnating or declining. Did they pay you to write about them in this feature?

In any case, the article was an extremely boring read and you didn't really identify anything that hasn't already been said a thousand times.
1944  Bitcoin / Bitcoin Discussion / Re: Moving large sum of bitcoin on: June 11, 2020, 09:03:03 PM
These transactions are usually only relevant when going to an exchange, since this can be an indicator of a potential mass liquidation on the way.
I always consider the Bitcoin market to be highly manipulated. If traders start assuming a large transaction is going to lead to a drop in price, it can be used for manipulation too. All that "the whale" has to do, is transfer a large amount, and the price drops, even without selling anything!
I don't like manipulation, so I'm not buying nor selling based on this.

I don't think people actually react in this way. Like, selling out simply because they suspect a mass liquidation is on the way—though it's certainly possible.

I think it's more like a large sale can be used to create a huge red wick that'll stop out a crap load of longs and cause a liquidation cascade.

Similar events have been seen on BitMEX, and most major traders cross-trade over multiple exchanges for both spot and futures markets.

Would be interesting to get an insiders view on whether these large transfers to exchanges do actually get liquidated though. If your suspicion is right we should see an equally large withdrawal shortly after the dip once the whale got what he wanted.
1945  Economy / Gambling / Re: ⭐ Crypto.Games ⭐ 0.8% House Edge on Dice ⭐ Largest wagering contest...ever ⭐ on: June 11, 2020, 06:19:19 PM
The progressive Dogecoin Dice jackpot is now sitting at a cool 3.2 million DOGE (~$8,000).

Try your luck today and maybe you'll walk away with more than you bargained for.

1946  Bitcoin / Bitcoin Discussion / Re: Moving large sum of bitcoin on: June 11, 2020, 03:10:16 PM
Looking at the destination address, there is no indication that it's an exchange address. Or at least, they haven't been marked as such yet.

Usually, these large transfers are judge hedge funds consolidating their balances or moving to an upgraded custodian or cold storage system.

I remember reading a while ago about some huge transfers that were initially thought to be a whale unloading onto the market, but were actually found to be an institutional trading house moving their Bitcoin over to Ledger Vault—a secure custody solution for crypto firms.

These transactions are usually only relevant when going to an exchange, since this can be an indicator of a potential mass liquidation on the way.
1947  Economy / Gambling discussion / Re: [ POLL ]: Boxing - Anthony Joshua vs Kubrat Pulev on: June 11, 2020, 12:50:53 PM
22 votes in the poll so far

19 vote for Joshua
3 votes for Pulev

If the fight goes ahead, it looks like the majority here simply go for a Joshua win.



That's expected, but I would go for Pulev as I am one of those who votes for Pulev.
Joshua is good but he has some kind of vulnerability, and I I've seen that in the past, so I am hoping that he will lose again, lol..

+600 for Pulev , I'm willing to put a small amount that I won't bother me if I lose.

https://www.oddschecker.com/us/boxing-mma/boxing/anthony-joshua-v-kubrat-pulev

He's got a puncher's chance, that's for sure. But I don't think those odds are attractive to me.

I think Pulev has around a 1 in 20 chance to win, he's far too old and has fought relatively weak opposition compared to AJ.

AJ has beat everybody he's ever faced (including Ruiz). There's literally nothing that Pulev does better than AJ.

The odds for AJ vs Fury are much more enticing;

https://www.oddschecker.com/us/insight/boxing/boxing/20200610-boxing-odds-anthony-joshua-set-to-fight-tyson-fury
1948  Alternate cryptocurrencies / Altcoin Discussion / Re: TOP 10 GOLDEN TRADING TIPS on: June 10, 2020, 10:59:26 PM
Good tips here, I'd also like to add;

1. Use a stop loss EVERY time. No matter how bullish you think the market is, there is always a chance that it could collapse. So stay safe.
2. Don't invest on platforms with low liquidity, even if they do offer markets that are not available anywhere else. The odds of getting rekt by scam wicks is high.
3. Stay away from leverage and margin trading until you really understand the market, and even then keep it as low as possible.
1949  Economy / Gambling discussion / Re: House Edge -- Is It Really Required? on: June 10, 2020, 06:47:04 PM
I understand what you're saying, but you're basically arguing that they'll stand a better chance at turning a profit if they're betting against the player simply because they can outlast them.

This isn't the case really when you consider that people are playing with multipliers. They'd need to be tens of thousands or even millions of times larger than the max win amount possible from a bet allowed by the platform. Otherwise a large number of players would eventually turn the tides against the banker, even if they don't match their bankroll.

That said, I'd like to see a zero house edge casino that is instead funded by advertising revenue or a different business model. Not sure any currently exist right now.
1950  Alternate cryptocurrencies / Altcoin Discussion / Re: Someone just paid $2,6M in fees while sending just $133 in ETH on: June 10, 2020, 03:40:00 PM
Doesn't look like this was an accident.

Looking through his transaction history he's used 60 gwei for every transaction, except this one.... That indicates the wallet was previously controlled by a smart contract or some automated service, but then this guy took over and manually cranked to gas price up to 500 million.

What's more likely is that he is working in cahoots with the mining pool to forcibly move money from one place to another, potentially converting illegitimate gains into legal proceeds (mining revenue). He'd then split the difference with the pool owner and get away with essentially laundering money.

This isn't the first time Sparkpool has received suspiciously high fee transactions before. And they often seem to agree to split it back with the sender.... Why would they do that when it's rightfully theirs to keep?

Well, that is the best way to make laundering money look legal.  Nice catch there pal.  I do think the same too.  Intentionally spiking the fee so that the "dirty" money looks like it was legitimately mined then split it with other members of the conspiracy.

Still unusual why he would use this system.

Technically he could spend $100k or so to build a mining operation so that he could mine the block himself and confirm his own transaction.

But instead, he seems to have partnered with Sparkpool, which might try to take at least half of the money. Because of this, we can only assume that the person either works directly with SparkPool to somehow get away with the majority of the money, or that he is taking advantage of the way SparkPool distributes the rewards to users.

He could have simply used one of the many ethereum mixers out there or converted and mined it as Monero. Both options would have been far cheaper.

Something suspect is afoot.
1951  Alternate cryptocurrencies / Altcoin Discussion / Re: Someone just paid $2,6M in fees while sending just $133 in ETH on: June 10, 2020, 12:50:22 PM
Doesn't look like this was an accident.

Looking through his transaction history he's used 60 gwei for every transaction, except this one.... That indicates the wallet was previously controlled by a smart contract or some automated service, but then this guy took over and manually cranked to gas price up to 500 million.

What's more likely is that he is working in cahoots with the mining pool to forcibly move money from one place to another, potentially converting illegitimate gains into legal proceeds (mining revenue). He'd then split the difference with the pool owner and get away with essentially laundering money.

This isn't the first time Sparkpool has received suspiciously high fee transactions before. And they often seem to agree to split it back with the sender.... Why would they do that when it's rightfully theirs to keep?
1952  Economy / Gambling discussion / Re: Interview with Stake.com CEO Reveals Plans for Tether Betting + New Games. on: June 10, 2020, 11:21:47 AM
Looks like there are some serious grammatical issues with your article. Maybe you should hire an English copywriter, since it's clear that it's not your native tongue.

In any case, Stake is old news, plenty of up and coming platforms have already blown it out of the water. Even some of the older, more established platforms have a better reputation than Stake.

Seems like shameless self-promotion from both Stake and your site, offering no value whatsoever to the reader.

Why not at least offer a specific promotion or something? Seems like Stake never bothers mixing things up with a good promo.
1953  Alternate cryptocurrencies / Altcoin Discussion / Re: NewsCrypto Full Review Article on: June 10, 2020, 12:27:10 AM
I've taken a look at NewsCrypto.

As far as I can see it's pretty much just a mish-mash of features you can find elsewhere for free—but instead you need to pay to access them using the NewsCrypto Coin....

Like most of the stuff is just free indicators taken from places like TradingView, the Crypto Fear & Greed Index, Whale Alerts etc.

Although they're providing these tools to others, they make no mention that it's either derived from, or piped straight from these sources I just mentioned.

IMO they're taking advantage of new users with this BS.
1954  Economy / Gambling discussion / Re: Why should you try gambling at least once ? on: June 09, 2020, 10:45:24 PM
We gamble every day, literally everything we do is a gamble. I often flip a coin simply to make decisions in my life that I struggle to make myself.

Because of this, most people have experienced almost all of the benefits you listed in your post, without actually needing to wager their money.

That said, gambling when controlled can be a suitable pastime and even a productive hobby if you're good at it. Odds are you're not going to become a professional though unless you can find a way to turn the house edge in your favor, or simply play games that use a rake system instead (like Poker).

There are also games that have a significant skill element, like sports betting, poker, baccarat etc, so you can definitely turn your EV positive if you know your shit. But games of pure luck cannot be seen in the same light.
1955  Economy / Gambling discussion / Re: A day to celebrate and pay tribute to casinos? on: June 08, 2020, 07:38:12 AM
Are you stupid beyond belief? Why on earth would you want to celebrate casinos like they're some sort of charitable entity?

They're a business, they make money through the house edge—that's it.

They're not trying to make you rich or hand over a fortune... There's risks involved, and it's always tipped against you. What about that situation do you think deserves a day of celebration?

I can understand praising them when they make people rich, but they also make even more people poor, so does that mean we should go back to bashing them every other day?

Jesus, do you even think before you post?
1956  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto next big step: deflationary tokens on: June 08, 2020, 12:26:20 AM
I don't like the idea of deflation. It just indicates that the mechanism is built in to drive up the value, rather than ensure that each unit maintains or has value like Bitcoin's gradually reducing inflation scheme.

Simply cutting the amount of circulating tokens down doesn't necessarily mean each one will sudden increase in value by the reciprocal of the deflation factor.

You're going to need to have a massive amount of utility and a huge number of users in order for such a system to work the way you think it will.
1957  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Looking for partners, creative writers, members who know a lot about Ethereum. on: June 08, 2020, 12:06:23 AM
I think you should open a recruitment post in the services section of the forum, here;

https://bitcointalk.org/index.php?board=52.0

You'll probably have for more success recruiting assistants there.

You can also check out the /r/slavelabor subreddit. Plenty of people there looking to make a quick buck and wouldn't mind fleshing out your forum.
1958  Economy / Services / Re: Looking for a supplier of BTC for my amazon gift vouchers on: June 07, 2020, 10:54:54 PM
Which region are your Amazon gift cards? And how can we be sure they're not purchased using stolen credit cards?

Also, you haven't even listed your rates...
1959  Alternate cryptocurrencies / Altcoin Discussion / Re: Which coin do you trust, BNB or ETH? on: June 07, 2020, 10:37:08 PM
I don't trust either of them, because they're not people.

But as far as which one I believe in more, that has to be Ethereum. Binance Coin will literally crash and burn the moment Binance stops buying it back every quarter. Binance Chain also isn't looking too good—despite an immediate flurry of projects launching on Binance Chain, there has been a huge slowdown lately. This indicates it's going to burn out and fail just like EOS.

Ethereum, on the other hand, has actually been developing and the long awaited Caspar mainnet is about to launch. Why not be bullish when Vitalik is actually delivering on his promises?
1960  Alternate cryptocurrencies / Altcoin Discussion / Re: Stable coins for bounty hunters on: June 05, 2020, 09:27:48 PM
Lol, you think these companies have the budget for that?

The reason they run bounty programs and airdrops in the first place is because they haven't got a budget for proper marketing. So they try to crowdsource it by offering their BS tokens that they created for free.

You, on the other hand, take the full risk and hope to God that the tokens are worth something eventually.

If they had $10,000-$100,000 needed to pay everyone in stablecoins, they'd just run a full PR and marketing campaign!
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