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2221  Economy / Gambling discussion / Re: What's worse: cigar addiction or gambling addiction on: November 01, 2019, 06:49:54 AM
Cigar addiction is worse, why? Even if you stop smoking, your lungs is already damaged. You cant get a new pair of lungs from any store and have yours replaced. There are even times when you stop smoking, you will feel different and try to smoke again. Unlike gambling addiction, if you stop, you work again and you. can still recover all the money you lost

We need to get a proper perspective on this

When your lungs are irreparably damaged due to heavy smoking, your whole life will have long been ruined due to gambling. You can be a chain smoker for 20 years (and still be mostly okay as far as your lungs are concerned), but you can't be a gambling addict for the same amount of time unless someone else manages your finances (read, you can't waste all your money within a year or so)

And addiction, and especially a gambling variety of it, is not something you can just stop or give up since otherwise it wouldn't be an addiction. This is true for both smoking and gambling, but unlike the latter the former doesn't change your personality. No matter how much you smoke, you remain the same person. This is not the case with gambling as it does change your whole character and personality (and not for the better)

One thing I noticed is when you are a cigar addict, more likely you are also a heavy drinker. I have not met a person who smokes a lot but a non-drinker. Both of this goes well together with playing cards with friends at home

I know a lot of chain smokers who are not heavy drinkers (or just habitual drinkers, for the record)
2222  Economy / Gambling discussion / Re: What's worse: cigar addiction or gambling addiction on: October 31, 2019, 01:23:31 PM
And with gambling, it might not affect us physically, but it can financially. We can say that one is much worse depending on the effect it brought to a certain person's life. Smoking can lead to sickness while gambling can lead to loss

That actually remains to be seen

The harsh truth is, gambling does affect us physically. Indeed, it is unlikely to cause lung cancer (though who knows, especially if you are a chain smoker, and partly or fully due to your gambling habits). But it still affects our mental health, and the negative consequences can be far worse than from cigars or smoking in general. People don't commit suicides because of smoking but they do because of gambling, apart from a host of other severe problems that literally destroy human lives in the most physiological sense of the word
2223  Economy / Gambling discussion / Re: Gambling as a profession: there's people who live out of gambling? on: October 31, 2019, 01:00:45 PM
Learn a decent profession, make good money with it, and gamble at your leisure, when it suits you, and maybe, even knowing little about a game, you will win big one day, because luck is the main factor in gambling, not your knowledge.
Well, I think not all forms of gamblings are based on luck. There are few gambling sites based on skills or let say 50-50 percentage luck and skills. I think poker, I won't consider this that only based on luck. Yes, gambling is a kind of profession there are gamblers who are the habit is always to gamble even they had a family to feed but still, they can provide. I don't know if this kind of profession will long last or it will make your life become miserable.

I play poker a lot, and I know that this game is not entirely based on luck. But I also watch a lot of poker related videos on YouTube, and from those videos I've learned that even the professional poker players, who are considered the best in the world, lose pretty frequently because of bad luck. That's why I wouldn't recommend this occupation as a profession to anyone, luck is too much of a factor in it

I could even expand your thought further

The sheer amount of luck involved in this activity (or any other such activity) that no amount of skill or expertise can offset or balance out reveals the insightful truth about choosing one's life occupation (let's call it one's true calling). In simple and mundane terms, you should pursue only those career paths that ring true to your inner self, and resonate well with your natural propensities and inclinations. If this happens to be poker, then go for it
2224  Economy / Economics / Re: So much for cashless society: cash is gaining in popularity on: October 31, 2019, 11:30:52 AM
The question of what the best store of value is, has gained in popularity lately.
It appears the solution some have adopted is: paper money is the best store of value!
All of which highlights a dire need for: paper cryptocurrency.
The best store of value is still the fiat currency and having a saving account in a bank is the safest option until your country has some serious economic crisis, storing these paper money and that too at home is not the smartest move and majority who does that may have made those through illegal purposes and hence not able to deposit in banks as you need to provide the source of income, paper cryptocurrency is also not a smart move but we might see that in the future but i am not going to use that for obvious reasons.

Making your fiat savings stagnant is the worst scenario at all, because it doesn't gain any huge fluctuations while you choose to store it in your bank account

Well, opinions vary on this one

If you happen to live in a country other than the US or those which are part of the Eurozone (that have adopted the euro as their common currency), you are most certainly exposed to high levels of currency volatility. And that gives you a certain advantage that you can exploit by actively managing your cash portfolio through riding the fluctuations of the exchange rates in pretty much the same way we are doing that in crypto. Indeed, it requires that you follow the price dynamic but if you do you turn the tables, and now it doesn't feel like the worst scenario "at all" (in fact, it feels good enough to beat inflation)
2225  Economy / Economics / Re: What are the odds that the government/banks will truly create their own coin? on: October 31, 2019, 09:47:55 AM
I think it is really simple. As technology increases the government needs to keep up. You cannot expect to still be issuing out fiat when everyone else is doing it digitally. It will be very interesting to see how this is all dealt with and how things develope as time passes. It has been 10 years already and so much has changed. The future is very exciting for us

Yes, they need to keep up

But does it mean that they should blindly follow someone's steps if it doesn't offer them any advantages? So to give everyone a proper perspective on my doubts, let's rephrase my initial question in the following way. What advantages and benefits will creating another currency in addition to an already existing one provide to a government? And please note that modern fiat is already digital for the most part anyway (the fact which I mentioned straight away), and it's been that way for a few decades already

Simple, so that they can tax it

How's that?
2226  Economy / Economics / Re: What are the odds that the government/banks will truly create their own coin? on: October 31, 2019, 08:23:43 AM
Today, there are a lot of cryptocurrencies. Nothing will change if governments add some new cryptocurrencies to the market. They cannot threat bitcoin. Whether a government create a decentralized or even centralized cryptocurrency they make bitcoin more popular. Every one try to study about cryptocurrencies, first will know bitcoin.

I think if the government will create there own cryptocurrency then it'll be more centralized or regulated, I don't think they will create a decentralized one because it means they can't control it

But what's in it for them?

They already have fiat which is already digital (and likely with some cryptography involved along the way) and which they can fully control. These rumors (of some government creating their own variety of cryptocurrency, mostly a Chinese one) have been circulating since at least 2015, but no one has yet explained why would they want that

Okay, someone could come up with the idea they want their own cryptocurrency to compete with Bitcoin but this suggestion assumes they consider Bitcoin a threat. However, if they really considered it a threat, they would likely just ban it and get done with that (as some countries already did anyway)
2227  Economy / Gambling discussion / Re: What's worse: cigar addiction or gambling addiction on: October 31, 2019, 07:54:51 AM
Whether the addiction is a mental deficiency or simply as a love for something?
When someone loves a sport is he or she addicted?

Addiction is a pathology

So if it is a love for something, it is a pathological love. And the pathological part of it refers to the fact (actually, two facts) that an addict can't willingly stop using or doing something and he understands that it ruins his love (corrected) life. I think it is an important addiction (corrected) addition

In this way, if someone tremendously loves a sport (or a spouse), or some other activity, say, fishing (or someone), but it doesn't hurt him, then we can't call it addiction. And thus we arrive at a conclusion that addiction is a self-destructive love for something (and gambling addiction fits into this definition perfectly)
2228  Economy / Gambling discussion / Re: The secret of gambling? on: October 30, 2019, 10:04:04 PM
~
My friends and I sometimes go to play the slots and I noticed one peculiarity. Most often, those who do not care about winning win. Luck loves those who come not to earn money, but to have a good time. I've noticed it many times.

Putting superstitions aside (luck has no personality, and thus it can't favor one part of gamblers for another), I would say that those who play to have a good time are already the winners, regardless of the outcome of the game moneywise. If you decide to spend(read "lose") a certain amount on having fun with gambling, you will either get you want(good time costing you that amount), or you will win some money. There's simply no other scenario, unless you go over your limits.
It's just like paying an entrance fee to a cinema to entertain yourself

I don't think it makes a correct analogy

Well, let's call it an incomplete analogy. And to make it complete, let's assume that you are not buying a simple ticket in order to watch a movie but rather a lottery ticket which allows you an entrance to the cinema. You may like the movie or you may in fact dislike it, but it doesn't really matter if your priority or hope is to win the lottery. So if this is the case, you are likely to start chasing your "losses" (unless you win, obviously). Pretty much similar to gambling
2229  Economy / Economics / Re: Bitcoin Whales Are Selling BTC Before Market Crash: Peter Schiff on: October 30, 2019, 09:26:48 PM
Undeniably price manipulation often happens in unregulated crypto markets. Do you agree in this economist statement or do you oppose? Do you believe that recent price surge is cause by manipulation or natural demand?

What would you really expect from this guy given his background?

Peter Schiff seems to be a famous gold bug advocating possession of physical gold:

Quote
I have long recommended that investors put aside 5-10% of their portfolios in physical precious metals. But I was troubled to hear stories of my clients getting swindled by dishonest gold dealers

So now it is because of dishonest gold dealers that gold has been massively underperfoming last years (or so it feels). Okay then. But let's not be too hard on him. It is difficult to maintain your composure when you see Bitcoin rising from "rags to riches", metaphorically speaking, in less than no time, while gold couldn't even beat the US dollar inflation during the last 40 years or so (you will remember that Dimon dude from JPMorgan). Gold is likely the best investment option if you want to preserve your wealth (well, maybe at some small expense but still), but when it comes to multiplying it (since this is what most of us are looking for), gold is definitely not an investment of choice
2230  Economy / Economics / Re: So much for cashless society: cash is gaining in popularity on: October 30, 2019, 08:52:29 PM
Quote
If people need less cash to pay for stuff, why do they want to hold so much of it? The answer, it seems, is that they’re turning to currency as a store of value.

Cash as a store of value?  I suppose if you were to hold it for less than a year it wouldn't lose *that* much value, but inflation will still work its black magic and eat away at that cash's purchasing power.  That doesn't sound like a great store of value to me

That depends on your purpose

Cash is good for making emergency expenses, so if you keep a certain percentage of your wealth in a stable currency as cash for a "rainy day" (say, in the US dollars), it can be a worthy store of value after all, even despite a small loss of purchasing power over years. In other words, you can easily make up for that loss of purchasing power by adding something to that stash of cash as your wealth grows in years and value
2231  Economy / Economics / Re: What are the odds that the government/banks will truly create their own coin? on: October 30, 2019, 08:20:47 PM
If governments of the world are really serious, they will actually be able to apply blockchain technology to every part of their operation while they may decide to actually introduce the cryptocurrency side of the system to make their government better

This matter had been discussed extensively in the past

And there seems to be not a lot of areas where the blockchain-based solutions can be applied to, and which wouldn't be subpar to already existing ones. Technically, blockchain is a distributed decentralized database, so it is nothing new (its application as a ledger for a digital currency is, though). Where such a system offers substantial advantages, it is already in use (under a different name, obviously). In short, don't fall for the hype
2232  Local / Альтернативные криптовалюты / Re: Переоценка-недооценка альтов on: October 30, 2019, 03:40:25 PM
Если бы сейчас шел набор позиций по альткоинам то цена медленно росла из за неспешного закупа и опять резко падала на уровень, приемлемый для закупок китами. У нас же все наоборот, цена резко растет пытаясь пробиться вверх, тут же натыкается на слив и падает еще ниже чем было до начала движения. Это больше похоже на лихорадочный слив альтов с неудачными попытками пампа

С этим можно поспорить

Если мы посмотрим на историю битка и топовых альтов, то ценник практически никогда медленно не рос, а вот падал он в течение достаточно длительного времени. Так было в 2017 году, когда биток и альты выросли за какие-то считанные месяцы, а потом сползали весь 2018 год. Так произошло и в году нынешнем, когда весь рост уложился в какой-то одинокий месяц, а отдышаться мы не можем до сих пор. Поэтому следует полагать, что эта тенденция или зависимость продолжится и в будущем
2233  Economy / Gambling / Re: WOLF.BET - Provably fair dice game $1,000 Daily Race7-day streak bonus on: October 30, 2019, 10:14:27 AM
200 rolls less than a minute? It means that you get more than 3 rolls per second. How much was your basebet and how much is your internet speed? I tried it myself with the lowest bet amount and I could get 1 roll per second only. Probably my internet speed is not that fast as you have or maybe my bet amount is lower than yours

I'm not sure if that has anything to do with Internet

Unless you are on mobile or something. Did you check your betting speed in the Autobet setup? The slider should be moved to the right (well into the red green glow) if you want to get extreme speeds. If anything, I confirm that I'm able to get as many as 3-4 rolls per second without sacrificing anything, like CPU cycles or bandwidth (but I have a pretty fast computer and Internet access). And my base bet amount is set at the minimum possible
2234  Economy / Gambling / Re: WOLF.BET - Provably fair dice game $1,000 Daily Race7-day streak bonus on: October 30, 2019, 09:25:09 AM
As I tend to think (I don't say that I'm 100% correct), if a card game is not against the house alone, i.e. there is more than one "human" player in the game, it should involve a certain amount of skill in the way poker does. So no matter what kind of game it is, it is not just pure luck, at least as long as human factor is involved

For example, you may not be lucky to get the best hand but you can bluff and still win in the end (you can either wait or force the pace). To put differently, it greatly depends on a particular implementation of such a game and if the interface allows things like bluffing (through chat or otherwise)

Online poker has a very unique advantage or disadvantage when it comes to bluffing. You cannot see the face,,, cannot see shaking hands, or twitching eyes or whatever, and you can even switch off chat and not let people see your words. But you can still see patterns very well. What players seem to do when cards are revealed, etc.

You can also as you say bluff more effectively, but online very difficult to see the effect of your words

When I wrote my reply, I thought about that

But even on the forum, where people can't see "the face, shaking hands, or twitching eyes or whatever" of their fellow posters, emotions are often boiling and going over the top (which even this thread clearly shows). So if you, as a casino operator, can somehow make people feel the emotions of their peers (let's call it live experience), you will be able to make games more skill-ready and less luck-based (not to mention making them more interesting and absorbing overall). That's basically the idea behind the chat-rooms but there must be plenty of other options and approaches to make games more interactive, more human if you please
2235  Local / Альтернативные криптовалюты / Re: Халвинг Лайткоинга, чего ожидать on: October 29, 2019, 04:40:39 PM
В статье все как раз написано правильно, хешрейт упал с 458 терахэш/сек в день халвинга до 185 терахэш/сек по состоянию на сейчас, а это и есть падение на 60% хоть и день пока не закончился, но 26-27 октября были почти такие же цифры и только вчера хешрейт поднялся до 211 терахэш/сек и снова продолжил падать.
А то не график хешрейта, он тут - https://bitinfocharts.com/ru/comparison/litecoin-hashrate.html

Так не об этом вообще речь

Я же недаром привел цитату от Маркса (зачеркнуто) Марка (Твена, а не Цукенберга). Все смотрят насколько упал хешрейт за последние полгода, на целых 146%, да. Красивые цифры, не за горами похороны, че там. А то, что этот хешрейт с начала 2017 года вырос на 9500% - это мало кого волнует. Как говорится, хоронили лайт - порвали два баяна. А сколько баянов порвали при похоронах битка - не одна музыкальная фабрика обанкротилась (зачеркнуто) обогатилась
2236  Economy / Gambling discussion / Re: Martingale revisited on: October 29, 2019, 04:06:07 PM
New stats are here:



As I mentioned above, there was not enough variance to book handsome profits during the last 10 days (if you consider 11% of pure profit during that timeframe not good enough, of course). On the other hand, I'm still rolling, and this is definitely a good thing without any reservations or doubts

Stay tuned and follow the thread!
2237  Economy / Gambling / Re: WOLF.BET - Provably fair dice game $1,000 Daily Race7-day streak bonus on: October 29, 2019, 01:57:18 PM
If they add more stuff I would be really supportive, I mean more games equals more betting which equals more profit for them, the more profit they have the better they will get and as users we would be gambling on a better place because they have so much more money. It all works out for us, definitely would be beneficial for all of us if wolf.bet had more games and more gamblers and in short more profits

Rome wasn't built in a day

They are now adding more features to dice, and that's okay if you ask me. At first, it was slow and crashing after some time with out of memory errors, eating tons of cpu. Now it is fast, rock-solid, and easy on the cycles. If they instead decided to add more games without making just one working, that would only hurt their image as people tend to remember negative things more strongly and in greater detail. Have you not noticed that folks here are no longer complaining about technical issues with dice itself? Now it is more like "why that dude won so much and we don't know what his username is?"
2238  Economy / Gambling discussion / Re: What will be the Faith of Casino business owners? on: October 29, 2019, 11:10:14 AM
I am not a business person but from all I have read, entrepreneurs are always ready for whatever comes their way and in most cases they always forecast what happens even before it happens to them. Casino owners are big time entrepreneurs and scammers at that

I'm curious as to what makes you think so

Does it mean that all big time entrepreneurs are scammers, or only great entrepreneurs among casino owners are scammers? In other words, are casino operators scammers by default unless proven otherwise? I think most of them would honestly and passionately disagree with this view, especially with the part about scammers. Note that I don't say that you are necessarily wrong or anything to that effect, I just want to understand your train of thought, how you came to think that way
2239  Economy / Gambling / Re: WOLF.BET - Provably fair dice game $1,000 Daily Race7-day streak bonus on: October 29, 2019, 08:01:18 AM
It depends what kind of card games you are talking about. There are many card games that based on pure luck, so no matter how great is your strategy or how great your experience then the result will be based on your own luck

It think it depends on a casino's approach to this

As I tend to think (I don't say that I'm 100% correct), if a card game is not against the house alone, i.e. there is more than one "human" player in the game, it should involve a certain amount of skill in the way poker does. So no matter what kind of game it is, it is not just pure luck, at least as long as human factor is involved

For example, you may not be lucky to get the best hand but you can bluff and still win in the end (you can either wait or force the pace). To put differently, it greatly depends on a particular implementation of such a game and if the interface allows things like bluffing (through chat or otherwise)
2240  Economy / Gambling discussion / Re: [What IF] Part 3 on: October 29, 2019, 06:40:59 AM
What if,... you suddenly get a jackpot but it wasn't meant to be given to you, and it was mistakenly transferred to your account (CryptoWallet) ? What would you do?
Are you gonna run with it and leave the account? Or be a good samaritan? Come on. Don't be so foolish let's be honest!

I would probably wait it out

If the casino in question doesn't claim back the amount, I think after some time it can be rightfully considered as ours. Really, how do we know it was a mistake on their part? If it is, then they will find out and take it back. If they don't, we can safely assume it is not a mistake, and then we can do with that jackpot what we want. After all, it all turns around luck, doesn't it? So think yourself lucky and be a good samaritan
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