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2161  Bitcoin / Bitcoin Discussion / Re: Keypoint to watch in D-34 BTC halving: Miner's hashrate on: April 10, 2020, 09:30:55 PM
especially since previous halving events show that price follows hashrate.

There've been repeated hash rate all time highs in recent times. They've obliterated 2017's hash rate. I did not notice much price action or enthusiasm.

Mining means nothing in regards to influencing the price. The miners contend with the price and related costs the market forces on them.

Truth.

I think it was the case back on the earlier days as miners used to backsell their Bitcoin, which could directly influence the price.

But now the price action and hash power don't seem to be correlated. Hash rate has been on an upwards trajectory for well over a year, whereas Bitcoin has.... obviously not done so well.

We will continue to see the hash rate increase while it's still profitable, it's as simple as that.
2162  Bitcoin / Bitcoin Discussion / Re: Wrong BTC Adress, copied from Binance's Dashboard on: April 10, 2020, 08:19:49 PM
Common paste swap virus attack.

This is why it's important to use a secure operating system, ideally something that will only run signed applications, e.g. MacOS.

There is no point warning other people about your loss since these attacks have been going on for decades now and people still get duped by it.

You should ALWAYS double check the device, or ideally do a penny test if you're still not sure, since its also possible for these tools to modify the display too.
2163  Alternate cryptocurrencies / Altcoin Discussion / Re: Average Developer Activity in Last 90d on: April 10, 2020, 06:08:01 PM
EOS with a $2 billion market capitalization is behind Harmony with a $10 million one? That's absolutely god damn pathetic.

It's quite clear by now that EOS is massively overhyped. The account system and resource allocation system is so unintuitive it's crazy. Plus, the bullshit misconception that transactions are free on EOS is extremely misleading, since people actually need to pay for resources just to use the platform.

No wonder EOS has been leaking dapps to other platforms. It'll drop out of the top 10 soon enough.
2164  Economy / Gambling discussion / Re: Win chance range in Dice game on: April 10, 2020, 04:16:55 PM
So you are basically suggesting a variable house edge. e.g. losers lose 2%, whereas winners have no house edge? That doesn't make any sense.

As far as I'm aware the logic works like this.

The casino simply deducts the 'house edge' numbers from the potential rolls as a fraction of the total available numbers that can be rolled.

e.g. if a player wager $100 to on a 2x multiplier and the casino says they have to roll 50 or below (out of a max of 100), this casino would have a 0% house edge.

However, by changing the requirement to roll 45 or below, the casino implements its house edge of 10%. This would be 49 or below for a 2% house edge house casino etc. It doesn't matter how many decimal places you go, the house edge values will always be deducted from the available pool of values.

e.g. if the player wagers $100 on a 200x multiplier, and the casino has a house edge of 10%, then they will need to roll something like 44.99 or below.
2165  Economy / Services / Re: Looking for partnership on: April 09, 2020, 10:02:50 PM
As far as I'm aware most cryptocurrency news websites are actually losing money if you just count readership.

They simply don't make enough money in advertising revenue to sustain their operations. Instead, they resort to other money-making avenues, such as providing premium research content like TheBlock (Genesis product) or taking paid content, press releases and thought leadership posts.

Do you have a way to make money beyond just PPC?
2166  Economy / Gambling discussion / Re: UK outlaws credit card gambling from 14th April on: April 09, 2020, 09:24:49 PM

After 14th April cant use your credit card anymore in the UK for gambling websites.


That's annoying because I like to use the credit card when online for the extra protection it gives me against bad actors.


Will we just have to use a debit card now?


https://www.gamblingcommission.gov.uk/news-action-and-statistics/news/2020/Gambling-on-credit-cards-to-be-banned-from-April-2020.aspx

How exactly does using a credit card protect you from bad actors?

I thought that chargebacks could only be applied to goods and services purchases, not gambling?

Realistically, I don't think people should be gambling with money they don't have in the first place, that's exactly how people get into debt when they end up losing.

I've seen so many people get absolutely rekt by taking out loans to gamble, then they get stuck in a cycle of taking out ever bigger loans and taking increased risks just to get back on their feet.
2167  Alternate cryptocurrencies / Altcoin Discussion / Re: Is USDT trusted to use? on: April 09, 2020, 07:47:08 PM
I personally stay well away from Tether. I read that their last audit showed that they are only 76% backed by USD, which basically means they are operating a fractional reserve.

The entire purpose of Tether is to be redeemable against the USD whenever the customer wants. If everybody to decide to do a tether run (like a bank run), then 24% of the money would be unavailable.

That's why I stick with Gemini dollar and TUSD now, they're far more transparent than USDT.
2168  Economy / Gambling discussion / Re: Any Casino with good Investment Returns? on: April 09, 2020, 06:52:01 PM
Bustadice and bustabit as many other suggested is good to invest for any individuals but I don't know how much returns you are expecting from casinos which will be roughly 5% per year so if you are new to casino investment then get used to the return amounts. Smiley

5% per year is not bad as long as we can still get a good return from the investment. But that will depend on how big we can use the money for the investment so the return will be bigger too. I don't try with the investment in gambling website because right now, I better to use the bitcoin for trade because I see that the return is good for me. People should be careful to choose the right gambling website to invest because not all of them now offers investment for their members.

5% isn't great.

Platforms like Nexo and Poloniex offer larger returns on that and support a wide range of investments... And they are collateralized.

I personally wouldn't invest in a casino bankroll unless;

1. The casino is unbelievably trusted, like crypto-games.net (but they stopped their bankroll feature).
2. The casino uses cold storage
3. The casino is able to generate a return in excess of 10% APR.
2169  Alternate cryptocurrencies / Altcoin Discussion / Re: Coinall exit scam on: April 09, 2020, 04:49:08 PM
It's quite commonplace for multiple wallets to be under maintenance simultaneously, particularly when an exchange supports hundreds of assets.

It's also common for transfers to continue moving in and out of the wallet, since some exchanges have different privilages for API users, while some people might continue depositing to their own address since they don't know deposits/withdrawals are temporarily stopped.

If you genuinely think Coinall is running an exit scam, get some proof together and fire it over to some crypto news outlets. I'm sure they'd love to run the story.
2170  Economy / Gambling / Re: ⭐ Crypto-Games.net ⭐ 0.8% House Edge on Dice ⭐Largest Wagering contest...ever ⭐ on: April 09, 2020, 03:45:13 PM
Anybody seen the high roller leaderboard today? There's some seriously impressive wins going down.



One user managed to turn 0.001 BTC into 0.199 BTC twice within just 2.5 minutes, that's crazy.

Teja767 is also racking up some impressive stars on the roulette board!
2171  Economy / Gambling discussion / Re: Do some gamblers actually win? on: April 09, 2020, 03:07:13 PM
I know someone who actually win but I only seen this on tv and I think this kind of game only exist in my country. (But I am not really sure of that). Well, I just want to share this video from one of the famous TV show.
Video url of the winner : https://youtu.be/H_jILsnmo5Q
So some gamblers actually win ? Yes. But luck is not for all so let us not assume that we can won easily on gambling. It is still risky after all.

Well I wouldn't say it's as extreme as that. Based on pure statistics just under half of people should walk away as winners.

Assuming a casino has a house edge of 2%, this means that 48% of people walk away winners assuming they only bet once. However, most people bet more than once, hence this multiplier is applied to each successive bet, which means they gradually lose more and more money.

This is exactly why more casinos will do what they can to ensure players wager multiple times, rather than just a large one and done bet.
2172  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Bot attack bounty thread on: April 09, 2020, 01:03:47 AM
Pretty much every bounty has this issue, they're pretty much relying on bounty managers who don't actually check the stakes and just award everybody maximum stakes.

In this way, by attacking the spreadsheets and being awarded maximum stakes for everything, the attacker practically secures 99.9% of the bounty rewards.

Fortunately, most bounties are utterly worthless so there it doesn't usually matter. 99.9% of zero is still equal to zero.
2173  Economy / Gambling discussion / Re: List of Gambling Platforms. on: April 09, 2020, 12:38:58 AM
Would be nice if you could add a short description about each one.

Or if each person making their suggestions could produce a short 20-40 word description so people know what they're looking for. e.g. a discussion about the best features of the casino, the available games, its house edge and referral commission amount etc.

Would love to see this thread developed some more. I do think crypto-games.net should be number 1 though since it's one of the oldest casinos around and extremely well respected.
2174  Alternate cryptocurrencies / Altcoin Discussion / Re: How to escape loss as an altcoin trader on: April 09, 2020, 12:00:03 AM
The trend is your friend, it's very simple.

Wait until the price of an asset breaks its previous high after being on a downtrend for some time. This indicates a trend reversal.

Wait for consolidation at the new price point and wait until a solid support wall forms, then buy in.

Usually, this period of consolidation precedes further upwards action.
2175  Bitcoin / Bitcoin Discussion / Re: This is why I sold my 0.67 BTC!! on: April 08, 2020, 11:23:03 PM
Well, the entire idea of investing in highly volatile assets like Bitcoin is that you should let the money sit for months or perhaps even years before taking it out.

If you can't afford to be without the money, then don't invest in highly speculative assets like Bitcoin. Although BTC has seen radical price movements in short periods of time, it has also seen long periods of decline which have rekt plenty of people who got in high and sold out low.

Let this be a lesson to anybody who thinks Bitcoin is a get rich quick scheme. It's not.
2176  Economy / Gambling discussion / Re: Will you gamble right after coronavirus outbreaks? on: April 08, 2020, 10:11:14 PM
No doubt the only people that are just itching to jump back into a brick and mortar casino are those that have gambling addiction.

If you literally can't live without risking your life to do something (e.g. by potentially catching coronavirus), then you almost certainly have an issue.

Even after the lockdowns are lifted people should be reasonable with how they go out in public. Don't go to crowded places like a casino if you can avoid it, since there will still be people transmitting the infection.

Just because the lockdowns are lifted doesn't mean COVID-19 is gone, it just means it's less prevalent.
2177  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin antifragile? on: April 08, 2020, 07:22:12 PM
We're nowhere near that point yet, since people still peg Bitcoin to the USD

You likely meant to say they value Bitcoin in USD, right?

They most certainly do, and so what? Gold is valued in dollars too (or whatever), but can we say that it doesn't have "value in and of itself"? If we can say so (let's assume that for a moment), then how does the dollar itself have any value at all in the first place? Anyway you come to think of it, the dollar valuation is not relevant to the question

Further, and I said that in the OP, there's no all-out antifragility (Taleb says essentially the same, just in case). To be more specific, we saw BitMEX triggering massive liquidations of long positions (like 1B dollar worth liquidated). So here's the question, did this make Bitcoin stronger or weaker, and why exactly?

I'm saying Bitcoin is still measure in USD, which means it practically has a floating dollar peg.

In order for Bitcoin to be truly anti-fragile, I would say it needs to have value in and of itself, or be the peg. e.g. USD should be pegged in Bitcoin, not vice-versa.
2178  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin antifragile? on: April 07, 2020, 12:31:24 AM
I don't believe it is anti-fragile. At least not yet.

Although Bitcoin can definitely withstand some punishment, I don't think the network is strong enough to survive a full-blown economic collapse—similar to that seen in the great depression.

Instead, I think that people will flock towards assets with known, sustained value, rather than extremely volatile cryptocurrencies—including Bitcoin.

Once the network becomes strong enough, and the fundamentals reach a point whereby Bitcoin has value in and of itself (without being compared against other currencies) then I would say it has truly reached a state where it can be considered anti-fragile.

We're nowhere near that point yet, since people still peg Bitcoin to the USD.
2179  Alternate cryptocurrencies / Altcoin Discussion / Re: The Best Project 2020, suddenly stopped! on: April 06, 2020, 09:56:10 PM
How exactly is Insure the best project of 2020? It has pitiful trading volume and a weak market cap of $55 million. Realistically, there's no way its market cap is even justified considering that it sees less than $50,000 in daily trading volume... At that rate, it would take around 100 days of trading just to turnover the market cap.

Take a look at Bitcoin and most other cryptocurrencies, they see tens of billions of dollars in trading volume. Ethereum, for example, has a market cap of $18.2 billion but has a 24 hour trading volume of around $20 billion (thats +10% per day against its market cap).

Stay away from small-cap coins unless the team is unbelievably experienced unless you want to get your hands burnt.
2180  Bitcoin / Project Development / Re: CryptoNewsNet on: April 06, 2020, 08:58:37 PM
https://cryptonewsnet.com/

We plan to go to crypto events and conferences across the world and keep people up to date on top news. We want to create a place that even a beginner in crypto can jump in and start trading and mining today. This covid 19 is defiantly been a struggle to getting started and reason we do not have more content out yet. hopefully when this is over we can get back to getting stories out everyday. We can still set up partner deals if anyone is interested  You can also contact us at our discord down below.

https://discord.gg/BzdFsGb


https://i.imgur.com/aefB36p.jpg   this is what installs when you see the app install on chrome, all it is an app to view the site on windows and not need to open chrome.

I have now opened a flag against OP.

He denies the presence of a driveby script on his fake website, then completely disregards a trusted member (Vod) when called out on it.

OP has almost certainly planted the covert mining script himself in order to steal CPU/GPU resources and should not be trusted under any circumstances.

Thread archived in case OP deletes/modifies his posts. http://archive.is/BlQqT
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