It is working just fine (read, I'm still rolling)

By now I have earned 1759 doges in total but since there was not a lot of variance recently, there is nothing to brag about since my last report here. Yes, I keep the losing streak the same (like 34 rolls) and increase the multiplier (currently at 123%) when it becomes possible (I mean, without decreasing the length of the losing streak), so the more I have the faster I earn (provided variance stays the same on average). In fact, I have already described my setup somewhere in the thread (nothing has changed)


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

And you know what that means?

That Las Vegas is extremely overhyped, while its appeal and public perception blown completely out of proportion! Okay, with Las Vegas done and out of the picture, what can you say about the Monaco casinos (of the Monte Carlo fame)? Here we should definitely meet the crème de la crème of the gambling world and financial elites as it literally refers to the French origin of the term (with French being the official language there). In short, do Texan rednecks and their European peers frequent those casinos too? Can't believe that!


Maybe, all these crowds of tourists are only eyeing the rich dudes there (with their eyes wide shut, of course)

I don't really know

You could calculate the rate yourself if you want to, but keep in mind that it will be an utterly useless metric as most of my "profit" comes through variance (and that's the whole idea behind the approach described in this topic). In short, you earn through a few long losing streaks which are long enough to bring in decent profits (percentage-wise) but not long enough to bust you. Obviously, there can be whole days when you just drag along earning dust, and then, all of a sudden, here we are!

It has more to do with a business or entrepreneurial mentality

So it is not so much about looking for another source of income (though it can be construed in such a way since any successful business brings in dough) as about realizing this or that interesting project. If you are one of them, after you bootstrap one project and make sure it can run without you constantly sticking around (so-called micromanagement), you will soon start looking in a different direction, for something new and refreshing

Admittedly, this is nowhere near enough

That's why you can hide your name and your stats by enabling the "hidden" option under the privacy settings. It is already there, so it goes well beyond just choosing a random, strange looking and totally unpronounceable username, security-wise. But some people consider it an overkill just because some other sites (reportedly) "have all the information open to everyone". Personally, I would undoubtedly stay away from such sites if I considered myself a top-brass in the pecking order of the gambling world

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

Actually, that can be done very easily

You just need to look at it from a different angle. Since Las Vegas casinos are all heavily regulated, they have to conform to the rules so that their money flows can be monitored at all times. In this way, you gamble away a certain amount of cash (you don't even need to lose it, just to stake it), and then they can look through your stakes and compare them with the numbers in your income tax form (declaration). So if there are any discrepancies between the amounts you spend gambling and your declared income, that will instantly set off alarm bells as to the source of all that money you blow on girls, drugs, alcohol and what not in Las Vegas

Добавил мерита данному комментатору

Наверное, очень многие слышали про исключительно щепетильное отношение швейцарских банков к личным данным своих клиентов (типа банковская тайна и все такое). И что? Да ничего, как только пара крупнейших швейцарских банков, ведущих деятельность на территории Штатов, получила миллиардные штрафы от FinCen'a (это у них такая служба финансового мониторинга) с перспективой навсегда вылететь с американского рынка за отказ предоставить данные по счетам местной публики в этих банках, вся легендарная неподкупность и принципиальность остальных гномов резко улетучилась

And this, in turn, can lead to a plethora of negative consequences of its own

If the taxes are such that quality alcohol becomes prohibitively expensive for the majority of consumers, people will start using some poisonous shit instead (this is a sad reality in Russia, for example). And then the government will have to spend these taxes on healthcare dealing with the victims of cheap and low-grade drinks, which would make the whole effort of raising more taxes counterproductive, if not outright destructive to the economy and people in general

I'm not sure what you mean by a "fake name"

If you mean that the site lists dummy accounts to stir up the competition in the race, I can't help you with that (anyway, this issue has been discussed before). Otherwise, it is certainly possible to trace these users unless they are hidden in the way they are, i.e. you can't get any information about them other than the amount they wagered

If you actually want to say that the site must disclose their stats to prove they are in fact real users, then I'm inclined to think that you are asking a bit too much. Really, if you were one of those big fish betting so much, would you be happy if the casino decided to tell the world everything about your activity just to prove a point here?

I'm a bit of a gambler myself these days, and recently helped to translate into Russian the following gambling sites:

wolf.bet
vipgame.io

Feel free to contact me if you need any assistance. I PM'ed you as well (you don't need to look any further)

I don't know what you mean by "primary currency" here, but you are thinking in the right direction

Countries that are more self-sufficient in major items (like food industry and other such industries) than the rest of the pack don't need gold to back up their currency because it is already backed up by the strength of their economy. You may ask a question as to why the US is hoarding so much gold then? The answer is quite simple though

They can and most certainly will use gold as a weapon of economic destruction against weak countries which in case of a severe crisis will have to rely on gold in their economic affairs (maybe even for propping up their currencies) as it happened with the Soviets in 1970's that had to import goods for gold

This is a very, very complicated issue

The government can't just ban alcohol as the outcome of this effort is well-known to us. As a matter of fact, the US government did actually try to do exactly that in 1920's (the so-called Prohibition), and instead of solving one problem, that of alcohol consumption (which it didn't solve anyway), it had created a whole bunch of other problems such as the rise of organized crime (the image of Al Capone should instantly emerge in one's mind as the epitome of that era), political corruption, clandestine production, and bootlegging business, to name but just a few

I mostly agree with you

With that said, though, we must remember that there are countries (like a dozen or so) which don't have their own currency, and are using a foreign currency instead. It is mostly the US dollar throughout the world but the Russian ruble is also used in certain so-called unrecognized states in lieu of a full-fledged national currency. In this way, it is quite possible that a particular country could adopt Bitcoin as its legal tender on equal terms with some other currency, especially in the cases mentioned


I agree with that too

But volatility is most certainly to stay not because of a decentralized nature but rather due to the speculative essence of cryptocurrencies. After all, gold is also decentralized but its value is a paragon of stability. If you see its price change, remember that it is not gold's value per se that changes but rather the value of the currency it is priced in. Gold itself is rock-solid (despite being a soft metal on its own)

That 's actually an interesting question

The interesting part is that we must solve today's issues all by ourselves (well, at least try to) and not pass them on to the coming generations, right? But if we choose to put the burden of resolving them on the shoulders of the next generation (millennials, Z nation, whatever), they can do exactly the same. Really, if our ancestors charged us with their problems through their failure to deal with them appropriately, why should we care solving them after all? But isn't it what millennials can in fact be thinking now?

Это сложный вопрос

Возможно, тем, кто предлагает такую работу, большего и не надо. Другими словами, какое предложение, такой и спрос ("мы с Тамарой ходим парой"), и с этой точки зрения, здесь нет какого-то дампинга или демпинга. Один раз обожгутся, в следующий раз будут умнее (это в равной мере касается и заказчика и исполнителя)

Могу от себя добавить (говорю конкретно за переводы), что серьезные и долгосрочные проекты готовы платить и платить достаточно хорошо (хотя может быть и не сразу, а после профилактической беседы), но только за соответствующее качество, поэтому они проверяют исполнителя до или после (но лучше, конечно, вместо)

You are definitely not alone

As quite a number of people think that scarcity determines the price of an asset. It does but along with utility. In fact, I explained the relationship between utility and price on several occasions before. The truth is, without utility scarcity means nothing (though it works in reverse too). If something is extremely scarce but it has no practical use and application (whatever those might be in terms of the subjective theory of value), its value will be null

And as I said, it works in reverse too. If something has tremendous significance and importance for us (what utility comes down to), it may still have low or no value for being extremely abundant (in terms of price). We cannot live without air but it doesn't cost us anything for the simple reason it is so plentiful that there is enough of it for everyone (as they say, air for everybody, free, and let no one be left behind)


Without actual utility a limited supply turns irrelevant and inconsequential. Quite a few shitcoins had a very limited supply, some of them even less than Bitcoin's, and what's become of them?

He probably meant something different

Rich people can hire expert tax lawyers so that they can avoid paying taxes in a quasilegal way by exploiting loopholes their lawyers find. Obviously, common people have neither experience (and time) to do that on their own nor money to hire someone who can do that on their behalf. In other words, rich people have way more options in this regard, and given their mentality (as you correctly point out), they won't have any scruples about using these options and tactics to their advantage whenever possible


Let's call it a capitalist mentality

Typically, we are not very well aware of our own patterns in some activity

But it doesn't mean they don't exist. Then, a descriptive pattern lets us tell one user (gambler) from another as it basically describes one's manner of doing things, e.g. what and at which time. Okay, if we want to use a unique mnemonic name instead of an all-equalizing moniker like "hidden", it still tells us enough to draw a connection between a person here and a gambler there, provided there is enough time and data. From a casino's perspective, "hidden" as in hidden is definitely a better choice

Most people won't bother

But do not underestimate those who are expertly or professionally involved in this kind of thing. If you want to keep track of user stats between races (as that seems to be your point), this easily allows to find descriptive patterns which are a unique characteristic of any high-profile gambler. I don't think they are hiding their names for the fun of it, and still less would they want to reveal their gambling habits to a couple of prying eyes

To sum it up, wolf.bet does it right because they are vitally interested in attracting this type of a gambler ("big fish"), even if most of us ("small fish") don't particularly care whether someone is going to look through our bets (read, money loves silence, while big money loves grave silence)