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2241  Economy / Economics / Re: What are the odds that the government/banks will truly create their own coin? on: October 29, 2019, 06:09:06 AM
It would be better if they supported the already existing BTC or ETH, or some other popular altcoin that already has supporters and holders. Since the creation of a new coin will require a new adoption and, possibly, will remain only within the framework of one state

They wouldn't be able to control them

And control here means being able to print new money as they find necessary. For example, how can they create new bitcoins other than through regular mining and receiving standard reward? Right, there is no such way. So if a government were to create their own variety of cryptocurrency or anything however remotely similar to a cryptocurrency, they would undoubtedly keep a "controlling interest " in their hands. Basically, that means they would be creating yet another fiat
2242  Economy / Services / Re: [OPEN] Get paid 0.0015 BTC to review SwapMixer.com anonymous BTC to LTC swaps on: October 28, 2019, 09:00:20 PM
I think I can help you with an elaborate review of your swap mixer:

My BTC address: bc1qgvpwtkgefh6tjhvtptwt87e64ccdt63gwvtgm6 (with zero balance)
2243  Economy / Gambling discussion / Re: What will be the Faith of Casino business owners? on: October 28, 2019, 08:19:34 PM
How can you say that casinos are an illegal and bad influence? Dude, it depends on the people not on the establishments, let's blame the irresponsible people out there

That's probably a valid point in and by itself

But it is still very counterproductive (if not outright destructive) to think like that. The key problem with people is that the vast majority of them can be safely called irresponsible. That's just how life in general is, and if we proceed from this assumption, then casinos can in fact have bad influence on such people (let's call them would-be addicts)

It is not much of an issue with online casinos (simply because there are fewer such people in crypto than in "real life"), but with the Las Vegas variety it is, as well as the primary reason why many governments across the world establish special gambling zones or areas, and make casinos legal only there
2244  Local / Альтернативные криптовалюты / Re: Халвинг Лайткоинга, чего ожидать on: October 28, 2019, 05:57:13 PM
Цена Лайткоина начала расти еще с зимы этого года и в середине лета достигала своих максимальных значений, как раз до халвинга монеты. Лайт предсказуемо вырос к уполовиниванию награды за блок, затем стоимость начала падать. Сейчас Лайткоин торгуется по ценам начала весны. Учитывая, что следующий халвинг будет через несколько лет, можно предположить, что цена и дальше будет уменьшаться

Сейчас трудно сказать, сколько в том росте чего было

Хотя из всех топовых альтов (эфир, недобиток, кто там еще у нас числится), лайт вырос больше всех остальных (в процентном выражении). А если учесть, что сейчас награду уполовинили (а это объективное сокращение притока новых монет на рынок, кто бы чего не говорил), то в случае очередного пампа альтов (альтсезона), Лайткоин побьет свои собственные рекорды полугодовой давности. Даже вчерашний рост это наглядно продемонстрировал, пусть даже и в миниатюре

Интересный материал опубликовал cryptocurrency.tech, из которого следует, что "с момента халвинга хешрейт лайткоина снизился более чем на 60%. При этом активность майнеров в сети лайткоина падает на протяжении последних трех месяцев. Объем вычислительных мощностей, используемых при добыче LTC, за это время рухнул примерно на 60%". Вот к таким последствиям привел августовский халвинг Лайткоина.

Keep us posted



И что там говорил Карл Маркс (зачеркнуто) Марк Твен по поводу трех видов лжи? Но это далеко не все, что он говорил. Еще он говорил, что по нынешним, то есть по его тогдашним временам верить можно только половине из того, что видишь, и ничему из того, что слышишь. Ну а если уже говорить конкретно за настоящее время, то верить вообще ничему и никому нельзя (мне верить можно)
2245  Economy / Gambling / Re: WOLF.BET - Provably fair dice game $1,000 Daily Race7-day streak bonus on: October 28, 2019, 03:20:32 PM
What is Wolfbet's long-term plan on this?

I think they not are going to tell us

At least, not until the imminent release, and it is still not going to be anything specific even if they are. This is understandable for a couple of reasons. First, such things rarely arrive on time. As you may remember, PD 3.0 had been postponed for almost a year or so, and eventually it became an object of numerous jokes all over the forum (like <put something highly unlikely here> was going to occur sooner than PD 3.0 released)

And then, an early announcement will take away the element of surprise and interest toward the site. Vague and non-specific hints work better in this regard. A viral campaign would get you even further in stirring up interest and agitation (like many in the film and game industries are doing nowadays)
2246  Economy / Economics / Re: INFLATION IN THE UNDERDEVELOPED COUNTRIES on: October 28, 2019, 12:09:49 PM
It is a continuous temptation, because perhaps we do not realize that inflation is a tax in all respects: in fact, by printing paper, the government loses value of the money we have in our hands

It seems appropriate to explain why the inflation tax can be quite profitable for some

As the term itself suggests, inflation can be considered as a form of tax, and tax means someone pays it and someone else receives it. In this case, the inflation tax (otherwise known as seigniorage) is paid by the common people while it is received by those who print the money (read, the government). You may rightfully ask here how it is possible as the government doesn't seem to receive anything

But that's not so. Inflation (as in price Inflation) implies the loss of the purchasing power of a currency, and this loss is what the government receives as a gain in its own purchasing power since it can buy anything what can be bought with that new money at old prices not yet adjusted for the inevitable inflation. The point is, inflation doesn't instantly propagate through the economy, so those who have early access to money can take advantage of this
2247  Economy / Gambling / Re: WOLF.BET - Provably fair dice game $1,000 Daily Race7-day streak bonus on: October 28, 2019, 10:26:44 AM
Hello everyone, I want some of your suggestions or any thoughts about server seed. Does changing always my server seed will help me get more chance to win?

I'd rather say no

I don't know how the seeds guarantee the fairness of the bets exactly (being the implementation of the so-called "provably fair" solution), but from what I grasped while translating that part, the seeds, both client and server, are like two pairs of one key. If you have your part of the key (i.e. the client seed which is not known to a casino), the casino cannot arbitrarily change the server seed after the roll as both these seeds determine the outcome of that roll and should be known to you before you make a bet (there is also the nonce number involved but we can skip it for simplicity's sake). In other words, when you know the outcome, the server and client seeds as they were before the bet, you can then check whether these three variables of the equation (plus nonce) make the equality true. Otherwise, the bet result has been rigged
 
Because I am a little bit curious why some website especially wolf.bet still putting "change server seed" feature if there is no effect on chance of winning

It doesn't change your chances but allows you to check the bets (as I got it)
2248  Economy / Gambling discussion / Re: Martingale revisited on: October 28, 2019, 09:49:51 AM

BTW why did you choose wolf.bet ? I think that house edge is very important in such system. Cryptogames has 0.8% instead of 1%. It also let you bet once per 10 milliseconds (6000 bets per minute 360 000 per hour - 12 M in 1.5 day)

Do they have doges and what is the minimum bet amount there?

Yes,,, they have doges at Cryptogames. Minimum bet is 1 doge though so maybe you do not have enough bankroll. I play on satoshi there because of 1 satoshi min and 0.8% edge. The only thing is what he did not tell you is that the high speed bet is only for VIP players (most wagered in month) or for all players on Monday (today)

Cryptogames is out of the question then

With 1 doge being the minimum bet amount you can't build effective martingale strategies as you won't be able to cope with variance unless you are going to deposit insane amounts of doges (likely well beyond the maximum bet amount allowed there anyway). Therefore, the high speed, whether it be for VIP players or otherwise, becomes utterly irrelevant with all things considered, and what I wrote in this post still holds true

limit of total profit = 1 - house edge, yes. But it a limit, not a real value. Do you know that limit sin x = x, if x -> 0 or sum of all natural number = -1/12? But in real life sin x not = x and sum of natural number not = -1/12. And in longer period of bet you may make a profit. Why? What chance increase your money in 1.1x with bet = 1 coin and chance (100 - HE)/2? You have a two expected value. Theoretical and real expected value. In the longer period theoretical = real. But in a short period 1 not = 2. Real maybe > or < expected. I tested dice with 0% HE and see this effect. I have a 1024 coin and i want made 1024 coin profit. And my chance > 50% to doubling balance(50% < my chance < 51%). So, think

And what's the bottom line?
2249  Economy / Gambling / Re: WOLF.BET - Provably fair dice game $1,000 Daily Race7-day streak bonus on: October 27, 2019, 10:36:34 AM
Hidden profiles don't exist only in Wolf.bet. They exist in all of the gambling websites. For example, I know in the last contest of Windice there were 5 hidden profiles in top 10.
I agree it is existing everywhere. But, it is not the "hidden" part that really bothers me, it is the way hidden is used, why can't it be anything other than "hidden" in the lists and from the looks, why can't it be "player23523" instead of "hidden", your real life username could be "Joe" or "Michael" or whatever and when you enable the hidden option you would look like "player235235" instead of just "hidden". Isn't that better for everyone involved?

With this you are going to create a hidden paradox (pardon the pun)

If you added some meaningful mnemonic title or moniker to a player which was to stay with him between races (read, forever), that would undermine the whole idea behind hiding usernames, basically making it useless and futile. In that case you could just reveal to the public the "real" names of the players as the effect in the context of a casino would be the same. It would be as if those players had chosen their attributed names on their own right at the registration
2250  Economy / Economics / Re: Taxless society idea on: October 27, 2019, 10:00:26 AM
Well, guess what, a somewhat the same situation happened here in my area

It's not surprising at all

I've seen that same situation repeat itself countless times in different places. Small stores and shops can only survive if they can offer some unique product or service. In my place many such stores had been closed a few years ago after big retailers showed up in the area

And it is not just about groceries as almost every industry gets severely affected in this manner. It is the same not only on the local level, but on the regional and national levels as well as previously successful companies are now unable to compete with multinational corporations going to smaller regional markets

AFAIK, isn't competition good for the economy?

I wouldn't call that competition as to me it looks more the "slaughter of the innocents" and weeding out all possible competition (what monopolies habitually do all the time)
2251  Economy / Gambling discussion / Re: Martingale revisited on: October 27, 2019, 09:31:09 AM
Good to hear that you are still in success with your revised martingale. I myself having own revised martingale, not double the bet size, not playing for high win chance but "suitable" win chance. The conclusion is "it's success" and also agree with you that with suitable strategy, the moment that the defined balance drained to 0 will be definately long enough that we might not witness in one life time

With this setup you should never lose perspective

And perspective here refers to the fact that your earnings come through variance, not the amount of bets you make. It is somewhat counterintuitive or even paradoxical as the idea of martingale assumes making quite a few bets, and consists in earning by accumulating dust. It is not the amounts of bets that matter here, but the variance that counts. Indeed, at a given level of risk, you can expect that variance come about only after making enough bets (that's statistics), but you should forget about dust as it will only make you impatient and greedy
2252  Economy / Economics / Re: Taxless society idea on: October 26, 2019, 05:03:32 PM

Well, technically, they don't do anything illegal

At least, not until they get caught and found guilty in the court of law. These corporations (for example, so-called Big Pharma) can hire the best tax lawyers (or just best lawyers in general), and since it is assumed (and rightfully, I must add) that governments are not very efficient and effective overall (apart from being hostile to each other, which severely complicates things for them), we can plausibly expect the corporations to be a few steps ahead of any effort to bring them to justice, so to speak. If they can change whole governments in some countries, the question of money laundering becomes kinda irrelevant since who is to define what is money laundering and what is not?

So who is to blame, the government? the corporations? or the law?

Let's just admit that it is a very complex and hard to tackle problem. To keep things more specific, let's consider a real-life example which repeats itself in many countries with astonishing regularity. A big multinational retail corporation operating a chain of hypermarkets (think Walmart here) comes to town one day. Since it is huge, has a lot of suppliers in different parts of the world and highly efficient logistics, it can make prices very cheap and still book profits for itself (not even speaking of deliberate dumping)

Obviously, the local stores are quickly forced out of business, and people living in this town who were somehow involved in these small businesses, that is almost every adult there, are now jobless. So whose fault is this? People want to buy better and cheaper goods, which is understandable. But by doing that they are effectively destroying their local economy since the money that the Walmart-like retailer receives goes elsewhere and doesn't get reinvested locally simply because it makes no economic sense

And it works in essentially the same way on a country as well as international level
2253  Economy / Gambling discussion / Re: Overall winning - Dice on: October 26, 2019, 04:32:25 PM

That's the thing with such logic

When someone questions something but doesn't come with any concrete evidence making it look like the other party should disprove his point. Yes, some sites are not likely as "provably fair" as they claim to be, or probably not "fair" at all times. If they are not, they are going to get caught eventually, and specifically because big stakes attract more attention as no one wants to lose big. But it won't be because you come to think some of these casinos should be cheating. Simply put, it is just idle talk on your part

I would simply suggest for anyone seriously interested in gambling to be highly cautious and inquisitive of assertions like "provably fair" because we know empirically that even simpler claims like randomness of a poker deck took years of investigation to verify by experts appointed by the court, and in most (if not all) cases the results came back negative against some of the top sites making these randomness claims (led to most of them getting shut down, eg. AbsolutePoker, FullTiltPoker, PokerStars, EverestPoker, etc.)

Poker is not dice

I mean, some people are trying to make a living out of it since the results of a particular game are not entirely random as they are in dice (well, let's assume that for a moment) but also involve skills and expertise. You are not typically playing dice to earn money, but if, nevertheless, you are, it is in your best interests to make sure that the outcome of each bet you make is truly random. And as I also said in one of my previous posts here, you can play at casinos where the bets are made on the blockchain and their outcomes cannot be rigged (think EOS or TRON here)

Therefore the possibility that at least some of the sites using the "provably fair" tag might be subverting this popular notion should be considered and examined by a player before he risks his hard earned assets there

If you are cheating with bet outcomes, you will get caught in due course as it happened many times before. Reputation is everything in this field, and once ruined it cannot be restored
2254  Economy / Gambling / Re: WOLF.BET - Provably fair dice game $1,000 Daily Race7-day streak bonus on: October 26, 2019, 04:02:12 PM
Another top 10 with just 2 names on the list and people still think that's fine. Well you might as well just remove the hidden ones out and show is the number one and number ten and be done with it? Why would we care about people who we have no idea and true that they made that much bet? Maybe its wolf.bet who created fake ones to make it look like they have gamblers who knows?

Here we go again

Well, if you ask me, I think it is totally fine. And not because I'm wearing their signature but rather because it can't be any other way as long as we consider ourselves a community which highly values and praises anonymity as well as privacy. You are just like the other guy over here who claims that casinos are cheating for the simple reason they can be cheating (despite all that "provably fair" stuff)

Regardless, if we were to follow your logic through, the casino could just create a dozen dummy accounts with their names in the leaderboard (and do that again and again for every daily race). Would that remove your doubts and suspicions? Unlikely, as I'm inclined to think (and technically, there are 4 names in the list)
2255  Economy / Gambling discussion / Re: Overall winning - Dice on: October 26, 2019, 03:37:04 PM
Then, is it possible for a site to be "provably fair" in some cases or let's say in the beginning, but to subvert its algorithm (or seeds) for some of the bets that really matter down the line, say when they notice the user is using Auto Bet and would be very unlikely to check most of those ?

That's the thing with such logic

When someone questions something but doesn't come up with any concrete evidence making it look like the other party should disprove his point. Yes, some sites are not likely as "provably fair" as they claim to be, or probably not "fair" at all times. But you can't prove that by just making a contention they are not

And even if they are not, they are going to get caught eventually, and specifically because big stakes attract more attention as no one wants to lose big. But it won't be because you come to think some of these casinos should be cheating. Simply put, it is just idle talk on your part
2256  Economy / Gambling discussion / Re: The secret of gambling? on: October 26, 2019, 12:49:44 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

Or you may get addicted in the process

I don't know how it stands in respect to "going over your limits" (probably, in this case your limits are such that you should never gamble in the first place). However, addiction means having an insane amount of fun (since otherwise you will not get addicted), but we all know the detrimental and oftentimes outright dangerous consequences of an addiction (not necessarily in gambling). So it looks like your "definition" of fun needs redefining
2257  Economy / Economics / Re: Fiat currencies on: October 26, 2019, 10:14:38 AM
My main question is what makes usd so dominant?

It is the strength of the economy that determines the strength of its currency

So if an economy is weak and failing, its currency cannot be strong by definition. In this frame of reference, it becomes glass clear why the dollar is still dominating the world. In simple terms, it is because the US, as a nation and country, massively dominates the world in almost any area of relevance and importance

Regarding why Euro is more expensive than the dollar, it is simply an accounting identity of sorts - there are more dollars in circulation that euros. So even if the purchasing power of one dollar can be lower than that of one euro, it doesn't mean that euro is a better currency than the US dollar
2258  Economy / Gambling discussion / Re: Martingale revisited on: October 26, 2019, 09:54:09 AM
Quote
With that said, though, it is an "old-school" martingale which is a sure way to lose all but what about using martingale when you constantly lower your chances to lose at each red streak by extending the number of losing rolls till you go bust? I don't know if it can actually help but it is certainly worth discussing here

I don't get how that strategy could possibly help.

Extending the amount of losses that you can sustain in a roll simply means that you are lowering your bet. The negatives from that, which is in the form of lower profits obviously, essentially balance out any positives you get in terms of having higher tolerance for losing streaks

Well, I'm not sure you correctly understand the approach described here

But that's not the point of this post. You see, if someone doesn't want to get into how something is supposed to work, you can't force this knowledge onto them - and I'm not a school teacher, either (no offense intended). As they say, you can lead the horse to water but you can't make him drink. Hint, it is not about the amount of losses I can sustain in a roll - it is about the number of losing rolls in a streak that I can survive

At the end of the day, your expected value is still negative. There is no strategy that allows you to win in the long run in any casino games, unless you are playing games of skill against other participants

We all know that, but the devil is in paying precious attention to detail, as always
2259  Economy / Economics / Re: Taxless society idea on: October 25, 2019, 11:08:35 PM
But what I really want to point out is that, however rich people "dodge" tax by hiring tax-lawyers, managers and such--in the end they will still pay taxes, but as both of you mention, they will find a way just to reduce the amount they ought to pay, which is, the majority of people would say is unjust/unfair

In today's world this "reduction" can easily turn negative

And you heard it right, and I'm not kidding. First of all, global corporations can easily earn money in one place and pay taxes in a completely different one, different as in another country on a different continent. See where I'm getting at? In this fashion, the reduction is not about paying less as it is more about not paying anything at all in the given jurisdiction. The financial papers will only show losses according to local law

Further, this approach lets you not only evade taxes but actually ask for subsidies from the local government as you can hide your real income in another jurisdiction and show losses in the one where you find it instrumental for your business. This is a real thing and an annoying problem with multinational corporations. As you can see, they can easily turn from cash cows into vampires by sucking blood from national economies

I already know this was possible but didn't know that it is actually happening and that it exceeds what I've always known. In the end, tax laws weren't fair at all(well, I guess it's not fair from the very beginning). I actually thought that corporations/companies contribute much more to the economy(at least for international corporations/companies), I guess they only contribute what their products/services could provide. But isn't this also an example of money-laundering(with respect to tax that is)?

Well, technically, they don't do anything illegal

At least, not until they get caught and found guilty in the court of law. These corporations (for example, so-called Big Pharma) can hire the best tax lawyers (or just best lawyers in general), and since it is assumed (and rightfully, I must add) that governments are not very efficient and effective overall (apart from being hostile to each other, which severely complicates things for them), we can plausibly expect the corporations to be a few steps ahead of any effort to bring them to justice, so to speak. If they can change whole governments in some countries, the question of money laundering becomes kinda irrelevant since who is to define what is money laundering and what is not?
2260  Economy / Gambling discussion / Re: Martingale revisited on: October 25, 2019, 07:47:06 PM
BTW why did you choose wolf.bet ? I think that house edge is very important in such system. Cryptogames has 0.8% instead of 1%. It also let you bet once per 10 milliseconds (6000 bets per minute 360 000 per hour - 12 M in 1.5 day)

Do they have doges and what is the minimum bet amount there?
Crypto-games are having dogecoin dicing too but the minimum bet for dogecoin is 1 doge. I remembered they had faucet to test them but not sure they are still facilitating new gamblers with faucets; seems like we must need to be staying with them in terms of wagering and days so that faucet may be provided

See, that's the crux of the matter!

If your minimum bet amount is 1 doge, you are set to lose your balance in less than no time, and with higher speeds you will just bust sooner. At wolf.bet, you can start as small as 0.00000001, and cope with pretty long losing streaks, which this thread and my stats unreservedly prove. As I said on a couple occasions already, enjoy this ride while it lasts. No other casino is likely going to give you the opportunity to unleash the unbridled power of martingale done right
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