Taking into account the highly controversial nature of Tether (what USDT is about) and its unclear future (given all the litigation going on now). In simple terms, to use Tether right now is not just an unbright idea, it is in fact pretty close to being downright stupid. Further, with porn industry being involved with crypto, we should expect the cryptocurrency volatility to be toward higher prices, so all these sex-workers should effectively get a raise, which is another plus of using crypto for them in these troubling days
I see nothing wrong with using the tether in exchange for fiat specifically USD. Since paypal, pornhub's payment processor pulled their services off to pornhub paying their performers there should be an alternative which in this case Tether is the best fit. Tether pegged 1 for 1 in USD dollar that makes it just a bit different from a real dollar produced by paypal Then you must be unaware of the recent developments regarding Tether To cut a long story short, it is not unlikely that after PayPal blocked accounts of the Pornhub models, the US government may now arrest Tether accounts. The problem is, we are made to believe that every tether is backed up by a dollar, but it has already been proven wrong and false. The obvious and straightforward implication is that one day Tether may be declared insolvent, with all earned money lost. In fact, there would be nothing new in this predicament, and that's why Bitcoin largely remains the only sound option in these circumstances |
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It would be better if Pornhub made their crypto. Seeing Pornhub is a popular adult site and very many visitors there. I am sure there will be a lot of support from investors if they make their crypto Not a very bright idea They have a very serious issue with PayPal refusing payments to their performers (sex-workers, in plain terms), and their actions are directed toward resolving this issue by any means available. Creating their own coin would only make things worse by shifting focus from a real problem they have right now How is it supposed to help Pornhub exactly? Are they going to pay their models with it if the latter need cash for their livelihood? As far as crypto is concerned, they better stick with a time-tested option, and that is Bitcoin beyond any doubt and any second thought the right option and time-tested, in my opinion, it is a stable coin like USDT. Because the value is still the same as fiat money. while bitcoin is a crypto that has high volatility I would call USDT neither right nor time-tested Taking into account the highly controversial nature of Tether (what USDT is about) and its unclear future (given all the litigation going on now). In simple terms, to use Tether right now is not just an unbright idea, it is in fact pretty close to being downright stupid. Further, with porn industry being involved with crypto, we should expect the cryptocurrency volatility to be toward higher prices, so all these sex-workers should effectively get a raise, which is another plus of using crypto for them in these troubling days |
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If you are unfamiliar with Gresham's law, you should be by now. In terms of this famous law, Bitcoin is good money being driven out of circulation by bad money, which is fiat in the context of this law. To put it differently, Bitcoin can only crowd out fiat or compete with it if it becomes worse than fiat but in that very case it is unlikely anyone will be using it either as an asset or as a currency. Isn't it a lovely paradox that we have discovered here?
It may not be used as money anymore since people are going to keep storing it one hardwallet or keep trading for profit. One reason could be there are more altcoins that would work like that besides BTC. Wallets also that isn't using LN will have some fractions of coins that may not be able to sent somewhere due to transaction fees as a result there will be more coins that will be stored on wallets that will be forgotten. To begin with, Bitcoin was never used as money Maybe only in the first couple years of its lifetime (let's call it the early era or epoch), before first exchanges started to appear. Afterwards, it was only speculation in ever widening circles and strides. And altcoins are in no way better in this regard. In fact, they are even more speculative. So if Bitcoin can admittedly be used as a store of value (for the unbanked), most altcoins make a poor choice for this purpose as they are vehicles of wild speculation by their very nature, and will certainly remain that way in the future |
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We are moving towards an era of digital currencies and bitcoin will dominate all assets.
That's probably what's going to happen. But we forget that Bitcoin shouldn't be an asset, tho it's inevitable now. Bitcoin should just function like Fiat Money. Their main difference should only be Decentralization. As that's what Bitcoin should be solving from Fiat Money (centralized currency). But instead, it became more of an investment, an "asset" just like stocks and real estates and whatnot And there is a good, sound reason for that If you are unfamiliar with Gresham's law, you should be by now. In terms of this famous law, Bitcoin is good money being driven out of circulation by bad money, which is fiat in the context of this law. To put it differently, Bitcoin can only crowd out fiat or compete with it if it becomes worse than fiat but in that very case it is unlikely anyone will be using it either as an asset or as a currency. Isn't it a lovely paradox that we have discovered here? |
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Second - Trump is the President of the strongest economy and largest economy in the world. Rejection of Bitcoin is of course going to be his main focus. It doesn't make sense for any centralized financial institution to support it Well, things may be a little more complicated than that The truth is, we don't really know what Donald Trump's main focus is. I mean if it is actually about rejecting (read, banning) Bitcoin (if we assume he has been focused on cryptocurrencies at all, at least once in a while). As you correctly point out, the US is the strongest and largest economy in the world, so no matter how strong Bitcoin can potentially become, America will be the last to get hurt by it The apparent implication is that it doesn't make sense to ban Bitcoin or any other cryptocurrency as they are not threatening the American dollar global supremacy (unlike Libra which could actually become a real pain in the ass). On the contrary, it makes sense to use cryptocurrencies to disrupt and destabilize weaker and weak economies with them (like the economy of Venezuela) by turning Bitcoin and other coins into economic hitmen of sorts |
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The phrase "being accused of being a gambler" - is what you are getting the wrong idea from. You have taken it for granted that being a gambler is worth being accused of being one, meaning it is a crime to gamble and leads to bad reputation. This is not true. A person can be a gambler and have same reputation as a non-gambler. It is completely how they mange their time and money and their social life.
Again you say that the person is gambling for fun - so then they are being responsible too. So that should not hurt their reputation I agree, and at the same time disagree with you (on different levels) Technically, I agree with you that if you gamble only for fun without leaving your cozy armchair in you bedroom, it would be pretty much like playing any other video or online game unless you play something like Carmageddon, of course, which may raise a lot of eyebrows once made known. Then it depends on how well you can present the whole matter, and what you are able to make out of it (read, you would have better sleep if you wouldn't have to) However, and this is where I come to disagree with your opinion, if you go to a land-based casino in real life, this is definitely not about gambling only. It typically involves all those things that surround this activity, like high-class hookers, night-long parties (probably turning in wild orgies), drugs and what not. This is definitely not what you would like to share and people to know. Well, actually, people would be eager to find out all this dirty stuff about you |
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Anything could happen in the world, it is all about the system that's been followed globally. Throughout the world due to several economic challenges more currencies seems to be under inflation. Everything can't be taken back to control through bitcoin or cryptocurrency. To some extent this can give positive results, beyond this if nothing can be done then the gold reserve each country holds will help as a saviour in overcoming the inflation.
For ages, gold has been the de facto standard in most trades and medium of exchange aside from barter, I think still gold is a valued asset until now. Gold is supported by all nations, and its good to the assets or currency for a country to be back by gold No country uses gold as a backup for its currency nowadays Muammar Gaddafi tried to launch a gold-backed dinar as a pan-African currency but was quickly overthrown and then assassinated. Gaddafi and his ideas aside, gold as a currency is only a medium of exchange just like any other currency out there, and in this regard its function is purely utilitarian, i.e. without goods and services to be produced and exchanged it means nothing on its own, not worth a dime, so to speak, gold or otherwise |
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I don’t think that people are too dull to sign a death warrant for their money going into trading without learning on how to trade first. We might say that people go into trading without having enough training before doing that or quality experience which is what is required to have a very successful trading.
The only advise that I could give to people is that they need to really go for enough knowledge about trading before they try to start engaging themselves in it because trading requires lots of skills which the best way to acquire this skill is when a trader has gotten enough first hand training on it and also enough experience through demo trading that we have on every trading platform before they go further to start practicing with little amount of money.
You'll be surprised by all the crazy things that people do, while it doesn't make sense to try to become a trader without studying the subject as much as you can it is undeniable that there are many newbies out there that believe that trading is extremely easy since they are bombarded all day with ads about how easy is to make money in the markets Most people are not good at trading And they will never be no matter how much they could be studying the subject. The irony is that in order to find out whether you are capable of profitable trading in the long run (i.e. beyond pure luck), you should actually engage in this activity, i.e. start trading. In this way, if you can't be a trader, you will most likely end up losing a pile of money. And what adds insult to injury here is the fact that successful traders often lose money too when they are new to trading (as everyone is a novice trader at first) |
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Once again just 3 people who have their names open in the top 10, whats the point of having this marketing I will never know, maybe they are not even real people, as long as I don't see 5+ people on each of them I feel like this is marketing for no purposes at all.
Still, wagering numbers are increasing and people are gambling more here but is it really just because of the contest? Is it really growing just because of the race here? I doubt people are working that hard and collectively coming here just to gamble for the 1000 daily race that is not really even 1000 for the winner? I think this website just grew organically and people do gamble and some do care about the race but usually because of all these "hidden" stuff not that many really want to gamble here just because of the race.
Do you think that they will be look like real people if they do not hide their username? How if their username are just random username like random number or words? Will it make a big difference if all usernames are revealed? Hidden username is a feature for players, players has their own right to not revealing their usernames on the site. I think we should stop the debate about this hidden username as it has been discussed many times before. If you think that they are not real people then it is your right to say so, but so should also thinks in the side of those players who want to hide their username for a purpose We should look deeper into the causes of these allegations I mean into the real causes why people are so much complaining about hidden names or something. Let me venture a guess here. I think it has more to do with one's continual failure to make it into the top 30 players. For example, my best was like 70th or so, and it is unlikely I will be able to get to the top any time soon, even to the bottom of it (pardon the pun). But I'm quite happy with what I have now. However, things may feel quite different with other people, and we should keep that in mind |
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Yeah, and I remember in 2017, it was much much cheaper and faster to sometimes exchange your btc to doge and withdraw to an exchange, and convert back to bitcoin... for gambling sites that supported doge exchange! I remember Litecoin was used for that Dogecoin was good too for moving wealth to and from exchanges, but not every major exchange out there (think Bitfinex here) accepted it (for example, Bitfinex still doesn't accept it despite a lot of shitcoins that they do). It would be good to see Litecoin added to Roobet.com too as it is also widespread, relatively cheap (both in terms of price and transaction costs) and fast as far as confirmation times are concerned. Most other casinos have it as well. Not sure why they don't add more coins Yeah, Litecoin was the proper coin to do that for sure, but there were a lot more doge players too, because people just loved giving out doges as tips or rewards (since it was either so cheap or the guys mining it were mining so much), so by virtue of lots of giving away, there were lots of owners, and they felt compelled to just exchange out to doge. I was one of them, got a huge tip of doge more than any btc I ever owned at the time. That's why the Dogecoin option is a must-have for every respected online casino I didn't check the numbers myself but as it turns out the image of being a fun coin played out massively in favor of this coin in the last years. We know quite a few Bitcoin whales who are sitting on millions of dollars worth of Bitcoin (starting with Satoshi himself). But how many Dogecoin multimillionaires are out there? I don't think that many, and it is a good thing because more even wealth distribution provides more level playing ground and better starting conditions for everyone (read, there is less market manipulation and more real value in the price tag) |
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Every investor counts and holds its own role. The impact of those who buy or sell big amounts is indeed greater than those who play in points but still if a lot of small investors will sell out, it is going to leave same impression on market value of the coin as that done by a big whale. Moreover, it is not only whales or investors that are only factor. The market depends on government movements too There is even a theory that there are no whales (only big holders who are not trading) And thus there are no market manipulations either, so all price movements are only caused by changes in aggregate demand as well as supply. Personally, I'm not very much sold on this theory, but that's not my point here. The main problem with the current market is that even relatively small investors and traders can move the market on their own (i.e. not collectively). In this way, they are the new whales, with truly big whales hiding deep under the surface Anyone that has large amount of money to move in and out of the market at the shortest possible time is to me termed as a whale whether they are individual or group of people, so whales actually do exist and they started too when the wall street entered the market, it was from there that the manipulation of this bitcoin started It is only a theory, and I do not necessarily endorse it Also, it is not every time like you said we see all forms of dip and rise of bitcoin as manipulation, some are definitely caused by the activities of people which sometime depend on the way they place demand and supply for these coins And this is where things get tricky It should be obvious that everyone in this market, in fact in any market for that matter, is pursuing their own interests, which consist in earning dough, as simple as it gets. Another obvious thing is that cryptocurrency markets are essentially a zero-sum game, i.e. there is only so much money, and if you win, someone else necessarily loses. And the bigger your win is going to be, the more people will have to lose to provide for that profit In this way, if someone, someone whom we can rightfully call a whale, uses his financial leverage to his advantage, and does his job of earning money pretty well, which is only possible if it is someone else's money (since it is a zero-sum game), it means that many people have to lose their coins and cents. Can we then call that an instance of market manipulation as this is how all these people will inevitably feel (kind of robbed)? |
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It would be better if Pornhub made their crypto. Seeing Pornhub is a popular adult site and very many visitors there. I am sure there will be a lot of support from investors if they make their crypto Not a very bright idea It is not what I think, creating their own coin with millions of subscriber in front of them are hell great. There would be less problem if they are going to create a stable coin and backed by real money, property and tangible assets like gold Yet another "facebook" coin? But I'm extremely curious what real assets they are going to back their coin up with. If this is what I think, these "assets" are pretty fast depreciating anyway, actually in a matter of a few years (the career of a sex model is astonishingly short on average). So no matter which way you look at it, their only real and long-lasting option "on a world scale" is Bitcoin or anything from the top 5 cryptocurrencies (given how many people are making a living out of their, let's call it Pornhub-related, activities) |
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I'd suggest bobyhodob and others, who have the strength to stop playing after big win and withdraw, to invite someone to a good restaurant right away. Thus you'll have something interesting to do instead of losing your money behind the computer screen.
That's a bad advice, it won't help neither. How many times I've heard of stories of gamblers who won, big, really big, 5-6 or even 7 figures ... they kept the money, they didn't spend it, they didn't "re-deposit" the money but nonetheless they spent more than they could afford after a while I'm not sure how this is relevant to the advice given Note that I don't say that this advice is going to halt your gambling addiction (if you have one). I just want to point out that people waste big and unexpected money not because they are addicted to gambling or anything to that effect but primarily because they don't know what to do with all this sudden wealth ("big, really big, 5-6 or even 7 figures") as they are simply not used to it. However, they understand they should do something with their new riches but whatever they do turns out only wasteful and reckless spending |
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No I think you're wrong, you can becoming a professional gambler if you have a good money management and apply some basic strategies like only betting your profits. If you lose while you have only bet some gains, you won't lose any own money at the end.
Even if you have a good money management - gambling is based on randomness or at least some randomness so even if you are strict about how you spend your money - say you start with 11 losses before you get your 1st win - what good would come out of it? And can anyone guarantee you would ever "recover" those 11 losses even with proper money management? Gambling is based on randomness, the house makes the profits based on house edge - house edge is not based on randomness, the bet you place however is ... so your suggestion has lots of flaws or is lacking some considerations of how gambling really works - and that's assuming you even bet with proper money management - without it after 11 losses you can go broke Strongly support this view Good money management has nothing to do with gambling unless you can overcome the house edge somehow. It is possible in things like daily races and jackpots when you can in fact beat the house edge, but these opportunities are few and far in between. Like an arbitrage window in trading they exist only for a short amount of time as everyone is quick to exploit them. To sum it up, proper money management would dictate you to stay away from gambling altogether in practically all cases |
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Maybe, he doesn't have friends, partners, or acquaintances in sufficient "amounts" whom he could trust with a few thousand dollars. If you are betting on multipliers like 1.01x or 1.02x, giving so much money to a lot of people seems to me an extremely risky venture. Someone will undoubtedly let you down sooner or later (and rather sooner than later), so it is not worth it for so small a reward. Apart from that, you would have to pay your "team" something, and that again is meaningless on these multipliers. Maybe, there's something else at play here, I dunno
I didn't think about this at first. Indeed, if you earn $100 out of $10k wagered, what can you offer to your teammate? $50? And you are right, a partner can "lose" the money for whatever reasons. So, this only proves once again that gambling as a profession is quite a pain in the ash. Yep, it definitely is And some of this pain comes from casinos themselves standing between you and profits. Ironically, I don't mean the house edge here as it is in fact a minor pain for the simple reason it is fully predictable, and thus can be taken care of. It is when you try to get around it in some sophisticated way (like the one you mentioned with sports betting) that casinos start to create difficulties and put grit in the device you come up with. It can be the max bet you can place being too low so that you wouldn't earn too much in the best case scenario or the minimum bet amount too high so that you can't unleash the unbridled powers of martingale, or anything that won't let you turn the tables in your favor |
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It would be better if Pornhub made their crypto. Seeing Pornhub is a popular adult site and very many visitors there. I am sure there will be a lot of support from investors if they make their crypto Not a very bright idea They have a very serious issue with PayPal refusing payments to their performers (sex-workers, in plain terms), and their actions are directed toward resolving this issue by any means available. Creating their own coin would only make things worse by shifting focus from a real problem they have right now How is it supposed to help Pornhub exactly? Are they going to pay their models with it if the latter need cash for their livelihood? As far as crypto is concerned, they better stick with a time-tested option, and that is Bitcoin beyond any doubt and any second thought Do you have any idea how large the payments are for a site like Pornhub ? Would be interesting to research the size and frequency of these payments and thus interpolate the blockchain contagion just by that single service. Well, or just skip it all together and go the lightning way Honestly, I don't know But they say that PayPal blocked payments to over 100,000 performers. I don't know how correct this number is (read, they might be somewhat exaggerating things in this department), but even if it is close to reality, it is highly unlikely that these performers will start to use Bitcoin as a payment option all at once However, if Pornhub goes so far as to provide every single one of them with a Bitcoin payment card via some payment processor or web wallet, the potential issue of the network congestion (I guess what you mean is correctly called congestion, not contagion) will be resolved even before it springs up |
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It would be better if Pornhub made their crypto. Seeing Pornhub is a popular adult site and very many visitors there. I am sure there will be a lot of support from investors if they make their crypto Not a very bright idea They have a very serious issue with PayPal refusing payments to their performers (sex-workers, in plain terms), and their actions are directed toward resolving this issue by any means available. Creating their own coin would only make things worse by shifting focus from a real problem they have right now How is it supposed to help Pornhub exactly? Are they going to pay their models with it if the latter need cash for their livelihood? As far as crypto is concerned, they better stick with a time-tested option, and that is Bitcoin beyond any doubt and any second thought |
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Am I the first to say that the poll has three choices describing essentially the same thing? As "Enjoying", "I love", and "Fun" are nothing else but more specific and concrete terms to describe a more general idea or concept of personal entertainment. Regardless, I voted "Other" as I'm currently testing a martingale setup (you can read about it here) which could potentially earn me some coins if I'm not unlucky to bust (so far so good). But it has more to do with the scientific side of me rather than the one looking exclusively for profits (the greedy one) |
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It's very hard to reach minimum withdrawal just by playing using faucets of a gambling site. I am also using faucets to play but I wasn't able to win in the long run. Faucets only give a little amount of btc to let you play, and it will take a lot of time to earn and you need consecutice winnings to do that. You must be very lucky or you have some strategy to at least achieve minimum withdrawal This is not about Bitcoin only. Most casinos nowadays offer the Dogecoin option, and you can use the cheapness of this coin (in terms of transaction costs) to your own advantage. For example, there can be a sort of free giveaway or faucet which you can claim every now and then (say, when your balance is empty). So you claim free coins, and then bet them all on a very high multiplier (like 100x or so). If you lose, you repeat until you win When you win and the amount is still below the minimum withdrawal, you simply deposit your own doges, make a couple of bets on a low multiplier, then proceed to withdraw all. To make things clear, I don't use this technique myself as the output is still mostly dust (and it is kind of cheating) but it is working (we used that at PD some years ago with Bitcoin during the so-called "happy hour") Strong disclaimer: the aforementioned should be considered for educational and informational purposes only |
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There is not much demand or interest for the sex workers. Why would they need it? They do it for money, (money usually needed immediately) not for something that they need to then exchange it back to local currencies I don't quite agree with this part Actually, Bitcoin may well turn out to be the currency of choice in the porn industry, just like Dogecoin is for gambling (if PayPal and its likes such as Visa etc do everything right). How come? The cam girls are typically from Eastern Europe and third world countries (apart from porn stars like already mentioned Shyla Jennings who quite literally don't give a fuck anymore), while their viewers mostly come from America and the rest of Europe (maybe, Japan too). This basically means that the girls are paid in dollars and euros, and they still have to convert the payment received into their local currencies. So how much is Bitcoin different in this department? Is there an exchange where you can covert bitcoin directly into eastern european currencies (zloty, korunas and so on)? If so, then using bitcoin would be easy for them. If they have to convert bitcoin into euros and then from euros to their own currencies, they'll be paying fees twice over compared to now There should be quite a few The world does turn around only major exchanges like Bitfinex, Binance, Kraken, Coinbase, etc. There are plenty of local exchanges in almost any European country, even though they are mostly unknown to the wider public. And this is apart from an even greater number of so-called exchangers (which are not exchanges) that allow to convert top cryptocurrencies into local fiat using a number of methods. Just in case, Exmo allows you to exchange bitcoins for the Polish zloty if I'm not mistaken (and probably for a few other European currencies as well) |
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