This is what we like about cryptocurrencies in general

Technically, we feel essentially the same emotions and the same adrenaline rush when we are gambling in a casino. With some coins biting the dust and kicking off eventually, it is the cryptocurrency casino in and of itself. With other coins, it is better than a casino because if you lose, your losses are still paper only (until you fix them, of course), and if you have enough patience and hope, you can just wait out the bad times. In other words, cryptocurrencies are an advanced casino with a house edge in our favor, in favor of the brave and patient

That's strange logic

According to such reasoning, gold should have long been forgotten since it has been sticking around since the dawn of times. But it is quite ironic and even amusing how people think of cryptocurrencies as only investment or speculation vehicles without thinking that they can in fact have some application in real life. Isn't it funny? Dogecoin is a coin of choice for gambling, and this alone makes it attractive enough to investors and speculators as it clearly stands out from the other coins of its rank

It is not about sticking around

As it is about real-life utility. Put differently, it doesn't matter how long Bitcoin will be around, for 10 years or for 100 years. There is only one way that its price can become stable (other than at zero, I mean), and that is through real-life application when it becomes more valued for something else which is not reckless and relentless speculation. Until then volatility won't go away. But to tell the truth, this is what many of us in fact like about Bitcoin

Well, I agree that running a casino is not the same as playing there

However, I tend to disagree that the casino owners necessarily want gamblers to lose. As I suspect, it is more complicated than this sweeping generalization. The casino operators want profits, but they would be making more profits if they in fact allowed some of the players to win, and win handsomely at that. You know, it is beneficial for the business. Really, if all the players were losing all the time, who would be playing then?

Чтобы лайт вырос, нужно чтобы его активно покупали

А если его будут активно продавать, то как он может вырасти? Правильно, никак. Однако и в том и другом случае мы будет наблюдать рост объема торгов. И какой из этого следует вывод? А вывод простой. Цифра объема торгов сама по себе ничего не говорит про направление движения цены. В общем случае объем торгов показывает лишь активность участников рынка, поэтому нужно смотреть на разницу между совокупными объемами спроса и предложения, а не на их сумму

It is not only that

People who are "professionally" involved in gambling, even though this use of the term seems a bit oxymoronic to me (unless you are a casino's owner, of course), should be extremely superstitious up to a point where them telling someone about their gambling habits (or someone accidentally finding out) could be considered potentially ruinous to their luck. Whether it is really so or simply no one can be lucky all the time is open to discussion

Well, in fact randomness cuts both ways

And it is randomness that gives gamblers hopes to win. Casinos stay profitable not because of randomness but rather in spite of it. When you bet long enough, randomness gets removed from the equation entirely. And what remains, as you might have already guessed, is called house edge. Randomness can override the house edge but not for long, so technically it is against the casino. The latter just uses it to lure gamblers into believing that they can win, and they can in fact if they are lucky to conquer the odds and wise to keep their wins

Речь не только об увеличении оборота. С помощью кредитных карт и кредита в целом в экономике создаются так называемые эндогенные ("внутренние") деньги, в данном случае кредитные деньги. Другими словами, речь идет еще и об увеличении денежной массы как таковой

Когда банк выдает кредит, например, при оплате покупателем в магазине товара свое кредитной карточкой, происходит создание денег из ничего, т.е. по сути из воздуха. И по своему функционалу это точно такие же деньги, как и любые другие деньги, скажем, наличка в виде монет и банкнот

Вот такой небольшой экономический ликбез

I added the signature and seem to have successfully enrolled at the exchange with my post count set to its current value (minus this post). But I'd like to know what is going to happen when the post counts are updated at some point, and due to a bug in the forum engine the number of posts gets diminished as it happens now and then? Anyone seen that already?

Sorry if this has been asked before

Okay, let me try to explain it

It is not like you will have the same outcomes, and the distributions thus obtained won't be the same like two exact copies of something. Think of it as metrics that allow you to determine and establish with a certain degree of certainty that you are dealing with a random distribution and which should remain the same within a specified range

If these metrics do not follow a set of those describing a random distribution, the distribution you are analyzing is not random. It is like an accounting identity or an equation. If you know one part or side of it, it is irrelevant what makes up the other as its result will still be the same, no matter how many elements it may contain or what functions it may have

You are much confused about what has real value and what hasn't

But let me lend you a helping hand. First of all, gold has seen absolutely no development since it had been such made half a dozen billion years ago. And that only added more value to it. Then, you can't possibly call a coin a shitcoin which is seeing so much real-world adoption and use, probably most among all cryptocurrencies (Bitcoin included)

Put differently, if you ever consider Dogecoin a shitcoin, then you necessarily have to consider all cryptocurrencies shitcoins. And Dogecoin would still stand out for its utility as a coin of choice for gambling. It is impossible to discard this fact without at the same time discarding the whole cryptodomain as inconsequential and gambling as irrelevant


EOS withdrawals are totally free at Bitfinex, so it can't be such a reason

No, gambling is not trading

And that's the exact reason why outliers are a given in gambling and not in trading, simply because gambling (as in dice) is about chance and pure luck. Simply put, the comparison you make is not valid, as opposed to its conclusions (whatever those might be). Nothing but luck can prevent you from experiencing 30 reds in a row, and luck doesn't make a good friend in this field

Further, it is not so much about predicting future outliers as about patiently waiting for them. It is an outlier, after all, and thus you can be sure of two things. First, you can't possibly predict when exactly you are going to see one. However, and this is second, you can be damn sure that you will see them. Ironically, just before I read your reply yesterday, I had witnessed one such outlier that increased my entire betting capital by nearly 1%

It is more complicated than that

As a matter of fact, people had been asking Bitfinex to add Dogecoin in the past (and maybe they are still asking). I remember it was like 2015 or even earlier, probably right after the launch of this cryptocurrency itself. Bitfinex has chosen a very wrong approach to deal with the matter. They started to defame Dogecoin instead of just keeping their mouths shut, and now this "policy of truth" backfires. If they add doges, expect a lot of fingers pointed, eyebrows raised, obscene words used   

Manipulators are there for a reason

They are free to reign supreme, roam the markets and reap the profits specifically because there is not much everyday use in cryptocurrencies. Bitcoin remains mostly a speculative asset, and it is its speculative nature that makes so extreme manipulations possible in the first place (like the whole market of the second half of 2017 was one great manipulation by Bitfinex through tethers)

However, if the vast majority of bitcoins were used as a currency, i.e. you could buy things with Bitcoin and sell things for it, such manipulations wouldn't ever be possible. There would be no fools to sell their coins below their real-life value, as well as no fools to buy above that value as the price would return to its fair value in less than no time, with orderbooks empty and most exchanges closed

Tron was an arcade video game during the early PC era

And two namesake movies have been filmed with references to this game - the original Tron, and the more famous sequel (actually, it was the first film that spawned the game). So do you know that the Tron coin was specifically developed to become "a free, global digital content entertainment system" (taken from here)? Bitfinex listing Dogecoin now would mean admitting being entirely wrong about it in the past (they were Bitcoin-only exchange at first). But it looks like Dogecoin is going to last longer than Bitfinex anyway, so who really cares?

Is it true with respect to Bitfinex?

I've always thought they are adding new cryptocurrencies based on their usefulness and real utility, even if they had massively misjudged Dogecoin many years ago. At least, that's what they have always been claiming. Apart from that, the fact that Dogecoin has been on autopilot for so long and didn't fail speaks volumes for itself. It's likely the only currency that is truly negatively correlated to Bitcoin, to a certain degree


Do you know what Tron stands for and how it was supposed to be used?

Очень многие заказчики (в основном, англоязычные) интересуются, как правильно организовать процесс перевода целых сайтов. Ниже описываю подходы к организации workflow по данной теме

Самым правильным, на мой взгляд, решением является использование системы локализации по типу POEditor (смотреть подробнее здесь). Использование подобной системы позволяет максимально автоматизировать и предельно упростить процесс мультиязычной поддержки сайта. Подобные системы также позволяют использовать подстановку переменных и учитывать особенности конкретного языка (например, русского)

Другим, более простым вариантом является использование самостоятельных приложений, например, того же POEditor'а в настольном варианте (смотреть здесь). Все то же самое, что и выше, но менее удобно, когда проект поддерживается сразу на нескольких (десятках) языках. Но для небольших сайтов это может быть в принципе оптимальным решением

Ну и самым простым и самым неудобным вариантом (в реальности, настоящий геморрой для более-менее крупного сайта) является использование таблиц в Гугле (Экселе), когда в одну колонку заносятся английские слова и предложения, а в соседнюю - их переводы. Понятно, что в этом случае перевод зачастую получается корявый, поскольку не учитывает нюансы типа падежей для таких языков как русский

You apparently make an obvious logical fallacy here

I don't remember how it is called (anyone welcome to chime in on this). What you say is true, i.e. if two distributions look alike, it may in fact mean they are the outcome of the same forces or processes running. However, this doesn't exclude random distributions as the latter are also an outcome of a random process. And they would be the same specifically because they are random. In other words, you can't have random in two distinctively different ways (with respect to resulting distributions, i.e. not how you technically produce them)


And that's exactly the reason why the distinction between the two truly random distributions should be as random. You simply can't have it any other way

Dogecoin is #31 cryptocurrency at this moment according to coinmarketcap.com

Bitfinex now lists a shitload of shitcoins which I don't even bother to check at coinmarketcap. So are there any plausible reasons for not listing Dogecoin on this exchange other than having to eat their words as they had earlier called this coin ridiculous and not worthy of mentioning (let alone listing). Now it starts to look really pathetic on the Bitfinex part. Dogecoin is among the top cryptocurrencies which do have real application in everyday life even if this application in case of doges is mostly about gambling

I'm curious about the strategy employed. To me, it feels more like someone looking for publicity, notoriety, or whatever term one can come up with to describe this feat since it simply doesn't make sense to bet so much to get to the top if that was the goal indeed. On the other hand, it could be someone with big and deep pockets (like really big and deep) who was just playing for fun (or whatever) without actively pursuing such a goal in the first place (unlikely but still)

What do you guys think (apart from users fake, bets rigged, and results photoshopped)?