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2301  Economy / Gambling discussion / Re: Does bitcoin dump have any impact on gamblers ? on: July 08, 2022, 01:57:02 PM
Gamblers around the world use crypto and bitcoin to play the bets. Do they really care if the bitcoin prices dump hard? I know traders are directly impacted by this dump, and investors are also in panic but what about gamblers. Their motive is to play gamble and they may not be a concerned if the price of bitcoin is declining sharply?
Gamblers will never be triggered by the bitcoin price dump, because whatever the condition of the market, they will never stop betting and find means to be profitable especially if they have that gambling addiction. Investors and traders may always be considerate on the prices of the cryptos, but when it comes to gamblers, their goal is to make profits, and as long as they have tons of capital to gamble, gamblers will always continue betting into gambling games and matches.

Don't say that my friend! Have you used Blackjack.fun to play before? They literally make your available balance in any of your desired coins, your assumption is wrong when you said gamblers would not be triggered by bitcoin price dump, you can't outsmart bitcoin volatility with such kind of Casino. Besides, it is not all the time gamblers do wage their money, they used to live their value in bitcoin in anticipation that during their break time, it may pump but the reverse will hurt especially when it falls like a fallen knife that most buyers wouldn't find palatable to buy.
2302  Economy / Economics / Re: Bitcoin's latest decline was triggered by quantum computing headlines on: July 07, 2022, 04:31:36 PM
This could be one of the reasons technically but the market structure collapse is the main reason why the bitcoin price has tanked like this. Quantum Computing hasn't been making headlines like the collapse of the Luna fiasco, and the rise in interest rate, global inflation and traditional finance price correlation.
I don't know how powerful is Quantum computers and how fast they could break bitcoin hashing functions but I also think developers aren't sleeping as well, they would also be carrying out some series of tests to validate the bulletproof of this hashing cryptography with bitcoin security.
2303  Economy / Exchanges / Re: Binance remove BTC trade fees to mark 5th anniversary on: July 07, 2022, 04:14:59 PM
They have mentioned this and they might disqualify any trades if they feel many users taking too much advantages on their promotions and might stop it intentionally if they it's already enough. Honestly 0.1% fees in Binance isn't expensive and I don't think I need to sell my coins to save 0.1% fees only considering Bitcoin price drop around 65% lol. I will keep holding and wouldn't care such promotions.

In anticipation of the potential problems zero trading fees might cause, Binance has reserved the right to “disqualify trades that are deemed to be wash trades or [from] illegally bulk registered accounts, as well as trades that display attributes of self-dealing or market manipulation.”

Of course, freebies from a big place like Binance would have terms and conditions, but if you follow their tweets, CZ purposely did that to appreciate traders as a form of a bear market discount so that traders wouldn't get discouraged, especially now that it is very sad some traders aren't making many percentage gains.

You undervalue Binance, according to some of their recent report, they claim that most of their revenue comes from institutional investors, that 0.1% is significant with those that have the power to switch between USDT and BTC except traders who frequently get discount for holding some bnb.
2304  Other / Beginners & Help / Re: Fear of losing my coins grabbed me by neck on: July 07, 2022, 07:14:49 AM
Brothers and Sisters on the forum I need your help, I don't have money for a hardware wallet and all I have left is android wallet, the problem is fear of copying my private key into something else, I have come to realise that clicking on COPY on your phone can be dangerous, where to decide to PASTE can be unsafe too, for those who aren't using hardware wallet how are you doing it? What is the safe procedure with mobile wallet users.


I don't know the amount of Bitcoin you have managed to secure but if it is value worth almost to $1k, I will suggest you get a hardware wallet at all cost but if it is less than or within the range of a hundred, you can use Electrum since it can be used offline with any computer that doesn't have anything installed. Create a seed phrase with a passphrase or seed extension and make sure you back it up, send your bitcoin to any of the wallet addresses. Open an Electrum wallet on your android device and create a watched only wallet with that address. You can be viewing your balance on your android but you have to make sure that your seeed phrase is properly secure, if you loose it, keep it safe like you would keep a secret until you need it.
2305  Economy / Gambling / Re: Alternatives to 1xbit on: July 07, 2022, 06:53:15 AM
We need to make that clarification because if new gambling platforms do not come up and grow truly, there won't be any difference in the way and manners most of the old gambling platforms will behave, but with the constant introduction of new casinos that will brace up the old sites to meet up. with current demands. And just as you mentioned the existence of only a few old gambling platforms will only lead to a monopolistic market.

I think the user was trying to passage a message not to try a new casino but the reason wasn't concrete enough to back the statement. If we don't try New casinos, there is no way we will know things that we are missing as most of these new platforms come with great features and since their primary objective is to converge the user base from older to their own, they will have lots of goodies to attract new people, especially the bonus but while doing this, we shouldn't let down the basics things to watch out for incase of any red flag.
2306  Economy / Gambling / Re: How do you know how to trust online sportsbooks? on: July 07, 2022, 06:36:17 AM
I try to get new promotions in the forum before joining a new casino site , especially if they are running a signature on this forum, or their feedback on ANN threads as well as being licensed to determine the legitimacy of that company. I try to take a good look at how long it takes to withdraw. I also try to find the information that the particular site have any restricted area or not. When i get any chance with high bonus having these feature on any particular site i recognized as a trusted casino site.

I hope you also check their social handles and if they are solvent enough as a new casino to handle big withdrawals. The last time Bitlucy started its business here, lots of promotions and bonuses were given, a signature campaign was also launched and social media engagement was going but didn't end well for the manager and those who deposit their money into the casino, they claimed that the system was abused but deep inside, they were insolvent, they didn't have enough money to open a casino but did and ended up jeopardizing some peoples money and reputation for working with them.
2307  Economy / Gambling discussion / Re: Casino can play a role in changing fortune? on: July 07, 2022, 06:19:48 AM
But indeed manipulation like this can happen because they are the ones who own and know the condition of the casino machines. And they are also the provider, so they certainly understand and have their own way to always get more money from the users, right? As long as it's still reasonable, maybe it's considered normal, especially if users still have chances to win. Unless there wasn't even a chance of winning, it would definitely be suspicious. Only certain manipulations are possible to some degree of victory. Yes, we don't know for sure, but it's possible it could happen.

Manipulation is natural, people improvise when it is necessary but I think reputed Casino wouldn't want to indulge in this, not that some Casinos wouldn't do it but it wouldn't be all because playing consistently in a casino without any wins will trigger an alert for players that there is indeed something wrong with where they are playing and if players find out about such corruption, they wouldn't come back.


You know the funny thing is that many people are betting on the likes of lotteries with huge jackpots because they are hoping that it could change their fortune in life. Lottery bettors must be aware that their chances of winning the jackpot is one in several millions but it doesn't discourage them. That one in several millions will win is enough for them to continue betting because that one could be them. And many of these bettors are poor people. They're only relying on luck in gambling as their ultimate savior.

They are poor, too addicted and don't think of alternatives, some of their betting techniques most of the time is based on assumption and it is too far from reality but they will always play it anyways just to cash out huge bags
2308  Economy / Gambling discussion / Re: Casino can play a role in changing fortune? on: July 06, 2022, 05:08:49 AM
This testimony sounds like fiction and well compose, I hope it is true because I'm just thinking about how he went to Casino for the first time if he had not been playing before, it is possible that the dude was already a pro on his game and luckily, he uses that as a medium to get back on his job.
He also made a good ending by not playing again with the $25k, that is the mistake that most gamblers do, as soon as they win big, they are always tempted to play more but I like him that he preserves his greed.


I'm not impressed with how he won in the casino but I'm impressed with how he handle his business in order for it to grow and become a multi billion dollar business. Going to the casino depressed is not a good idea, he is just lucky enough but that was $5k turn into $27k in a week, not a major success though.

Sometimes in life, we need to appreciate little wins, the small change you see as a little win may be another person's treasure and besides, the money was a catalyst to his business shelf, it is like a big win for him.
2309  Bitcoin / Bitcoin Discussion / Re: Hacker claims to have stolen 1 B records of Chinese citizens, demands 10 BTC on: July 06, 2022, 04:54:14 AM
Who said personal information obtained from organizations is unimportant? Some months ago, I was so focused on Beginner Board telling them how to prevent everything related to their internet privacy been broken, but many people were interested in my advice. I'm wondering how privates agency will handle stolen people's documents if these ones come from the government.
The hacker will undoubtedly profit from this, I'm confident of it because people on the dark web will be eager to buy it and use it for fraudulent purposes in order to make more money, and also as China been one of the world's most powerful countries, other countries may even disguise themselves in order to obtain information about high-profile people.
2310  Other / Meta / Re: Curious Question about Meriting on: July 05, 2022, 10:25:14 PM
Everyone has a way of meriting a post, it could be a post, or a reply, though the manner they do it depends on the individual. A member could merit a post because he likes what the user post or replies and it could be that a person would merit a post for the effort even without learning anything but personally, I can merit a post even if it is from 3 years as so long as I learn something new or important, that is my way of judging a post or reply in term of merit. Exactly the quote you brought to your post, he is a merit source and has focused on the technical aspect of bitcoin, you can't learn all of bitcoin in a day, we all learn every day. About sending a bitcoin as a way of honouring someone's effort, I don't think I'm buoyant enough to that right now,  Grin Maybe in the future.
2311  Other / Beginners & Help / Re: How to store your crypto coins safely on: July 05, 2022, 10:03:50 PM
While there are a number of things to take into account when choosing a crypto wallet, security should always come first.

Let's look at a few secure crypto wallets:

1. The Ledger Hardware wallet, also referred to as "cold storage," is generally accepted as the most secure method of keeping cryptocurrency. It keeps your private keys offline and has the backing of security professionals. To ensure that only those with specified access codes may access your crypto, it generates a set of private keys that you should store securely offline.

It generates a recovery phrase and not a bunch of private keys as you say, which must be safely backup and to tighten up the security, you should add a seed extension or passphrase.

Quote
2. Depending on the security layers it uses, a digital software wallet is known to be secure, just like a cryptocurrency exchange. In order to protect themselves from all forms of attacks that could leave them susceptible or result in irreparable loss, an exchange that places a higher priority on security than user funds will typically hold 90% of its assets in an offline cold wallet.

A cold storage or hardware wallet and exchange are two different, when you use hardware, you are safe if you properly manage it the way it should be but using an exchange is like giving bitcoin to your trusted friend to keep for you, you give him the custody of your bitcoin, you can't spend it unless you see him and with that, it could end well or go south

Quote
Not all hardware wallets are created equal, it is crucial to remember this. It is important to research your provider to make sure you are happy with the level of security and control offered. Alternatively, to save time and money, you should use a highly secure exchange like [https://www.quidax.com/]. A hardware wallet's features determine the specific level of security it offers.
Hopefully, you will be able to make a good decision.

Your first paragraph doesn't contradict this statement, Quidax is a centralized exchange, not a software or hardware wallet that you can use to communicate with the bitcoin network.
2312  Other / Beginners & Help / Re: Then what will happen to your account? on: July 05, 2022, 08:26:43 PM
I will ask  a question to this community member's. Maybe it's looks werid  but suddenly this question arises in my mind. And the question is:
"what will happen to your account when you passed away ?"
  • Will you pass it on to your children? (Is it legal in this forum ?)
  • Or will everything end there?
  • Then  Can't we see the good deeds from these big reputed people's account?

An account should belong to the rightful owner, I don't think it makes any sense to pass your account to anyone, not that it is a policy but for some reasons such as:
- Reputation: You have built a solid foundation and are well known for the thing you are capable of doing and the things that you cannot, you know your space and limit, you may also be the type that doesn't associate, who doesn't form a clique or any form of friends but as soon as you give out your account to another person, all of these changes.

- The manner of representation: If you are a technical guy, to good about bitcoin underhood and then one day your account changes hand, you may likely get tagged by DT members as people wouldn't want to deal with you, your account may even be a suspected of been bought/sold.

In fact, selling an account on Bitcointalk is prohibited, if your account is found changing hands, just know that it will be damaged by the DT crew.
2313  Economy / Gambling discussion / Re: Premier League has asked clubs to voluntarily end Gambling deals on: July 05, 2022, 06:00:54 PM
They are doing this because they are aware that the Premier League is one of the most-watched sports in the world. Come to think, I am unable to think of any specific justification for calling for this to be banned. For example, if we compare the effects of alcohol and casinos that are both promoted during these games, both have significant positive and negative effects. However, since alcohol gives them more sponsorships deal, they prefer to speak out against the latter.

This is going to be a negative impact on the volume that this sponsorship generates for gambling houses, however, since they don't have enough income to persuade them to change this rule, they should redirect their efforts to other leagues such as Laliga and Bundesliga.
2314  Economy / Gambling discussion / Re: Can change of environment have an effect on gambling addiction. on: July 05, 2022, 05:27:48 PM
Can someone still develop the habit of gambling and become an addict even though no one around gambles?

This is very possible, the scenario I have seen went from fun to complex life. This guy was playing fun for, it was sports games and he play the little he could afford to lose until he started using many that weren't his, the loss was compiling and decided to play revenge gambling by playing 3 games with 3 teams and wage high amount of money, he thought he could win back at least 1 to recover all the losses, the tickets didn't work out as predicted, it was his family that help him out at long last to settle the debts.

Someone who comes from an environment or society used to gambling will have the opportunity to change for the better because he will feel embarrassed to try to play in his usual gambling place.

What are you going to say with online Casinos, a gambler can visit a non-gambling environment and still use a VPN or Thor to bypass the restriction and play with confidence and still cash out without any difficulty.
2315  Economy / Gambling discussion / Re: Inherited gambling on: July 05, 2022, 05:07:43 PM
^

As far as I know alcoholism can be transmitted on a genetic level as this disease affects genes, destroying them. You can easily notice it in families which have an alcoholic father in the head of the family and live in poverty. This is unlikely to happen with gambling as it only affects a person's psychology. So if you are into gambling it does not mean that your children will have the same hobbies.  

So I dig further and I learnt that genes can be modify and since alcohol is a combination of different chemicals if it is abused with time, it can affect the offspring, so I take back my previous example as a case study with heredity but gambling hereditary says otherwise. Although, it can be transferred from parent to children but the percentage is quite low and again, if the child stays with the addicted parents is likely to happen than when they are taken away from them. Literally, if an addicted gambler gives birth to a child and its been taken care of by another caring parent, the chance of the child becoming a gambler will be very low.
2316  Economy / Gambling discussion / Re: Inherited gambling on: July 04, 2022, 05:28:08 PM
Gambling habits doesn't really pass from the gene of parents to children, most children are easily influenced by the hobbies of their parents. Normally most male just have interest in gambling because of the money it brings .
These days gambling have turned to be a part of one's hobby. This is the reason we can see majority of common people who are little knowledged about technology are into gambling. Another important reason for the increased participation into gambling by the present generation is through the advertisement broadcast on the television. This doesn't have anything with the inheritance.

Biologically, gambling is not a trait. Even if I have a deep passion for it, that doesn't mean my children will share it. It would be absurd to argue that drinking is a trait that can be passed down from parent to child, gambling is something you can easily give up, and if you quit before your kid is born, he or she won't know anything about your relationship and gambling. unfortunately, society and environmental factors are the primary problems with underage gambling today.

Children are motivated by money, and they pick up lessons quickly from what they observe. Since gambling often culminates in big wins for players, children may want to go into it if they are not properly supervised.  Every parent has a duty to prevent their kids from gambling until they are old enough to take responsibility for their own decisions and also restrict them, where necessary.
2317  Economy / Gambling discussion / Re: Gambling is for big bag holders on: July 04, 2022, 05:06:14 PM
This doesn't change anything, my dear, and if today is not your lucky day, there is nothing special you can do about it. This is gambling, and that is precisely what has happened to you. The best you can do is to see this as an experience and use it to your advantage moving forward. You never know where your own may go, but I understand your anguish as it is quite sad losing your small amounts. I saw on this board on Rollbit where one person posted enormous profits in thousands after losing hundreds, you can do it too but take precautions.
By the way, you should be aware that winnings aren't determined by your bet size; you may lose everything by betting your whole deposit on a single round.
2318  Economy / Gambling discussion / Re: Premier League Prediction Thread 2021/2022 on: July 04, 2022, 02:58:48 PM
He already said that he wants to leave United but that didn't trigger that much interest. Probably even lowering his demands won't do him too much good - he's way too expensive and ineffective for any top club that can afford him.

Ineffective? Maybe for Manchester United and this season combined if we are to look at his personal problems like when he lost his child, his last season wasn't bad if you ask me, so you cant tell what he can do for other clubs.

I have heard that Ronaldo missed the training recently and he stated the reason like family matters. Manchester United found the reason acceptable but they must have known inside that he did it on purpose actually. They are aware of course that he wants to leave at the earliest opportunity now. But the team are trying their best to keep him for next season. I don't know how healthy this situation is for the team and Ronaldo both. This can cause him to perform worse too if he is prevented from leaving.

https://twitter.com/FabrizioRomano/status/1543873819416354818?s=20&t=i13KiCf7wrWfwyyr0n8jrw


The man who everyone thought would bring United salvation to Champions League has changed his mind, if he wants to live, they should let him and sell him for a good price. I understand that his absence after he left Juventus has had a significant impact on their demotion to relegation, but Manchester United is different, they weren't better or worse when he wasn't there.
Now that Chelsea is interested in him, who knows what has been going on with other clubs all this time. Most clubs, particularly those in the English Premier League, want him to come and play for them, maybe that has given him confidence as a hot cake. They should sell him now rather than wait for a free transfer next year.
2319  Bitcoin / Bitcoin Discussion / Re: Bitcoin Will Be a Failure Even If It Hits $100,000, Says "Black Swan" Author !! on: July 04, 2022, 05:15:03 AM
------

He is not the first person that has run his mouth like a tap by discrediting bitcoin performance all this while, we have had many of them from other finances who are afraid of bitcoin becoming the next revolutionary asset as described by Satoshi in his paper. The problem of the current market performance is global, we know that inflation is one of the factors but we all can agree that in every bull market, the bitcoin ecosystem always seems to have new investors that will all want to buy bitcoin while some are not too prepare for it and the moment the market react, they sell to losses. We have also seen 3 bad events like 3 arrow capital, celsius and other insolvent lending protocols that affected the bitcoin price. If he can't see these things, he should focus on his book and allow bitcoin to do its thing.
2320  Bitcoin / Bitcoin Discussion / Re: Bitcoin address re-usage can lead to theft of private keys on: July 04, 2022, 05:03:03 AM

 1. It is quite harmful to one's privacy and becomes an impediment to BTC censorship resistance
 3. Quantum computers could extract private keys if these addresses are re used.

I think the Author is somehow misleading, if I want to re-use a wallet address multiple times for transactions, it doesn't give me any security harm to my private keys, also we have not seen any computers who have done that currently except for Quantum computers that have been making news but it is still hypothetical, nothing has been done so far. However, address reuse is a big concern when it comes to privacy, you cannot preserve privacy by using a single address for incoming and outgoing transactions every time, the chain surveillance are watching the network, and the moment you do that, you can easily be detected as the owner of the address and the big problem is that you wouldn't be able to combine it with other UTXOs as soon as that address becomes expose to chain analysts.
So, technically, don't use an address more than once.

Quote
2. It can leave one open to niche attacks and one becomes vulnerable to these cyber thieves who will extract private keys from signatures after a transaction has been made.

A node can carry out a transaction Malleabity by changing your transaction ID on the network but they don't have the strength to extract the signature from a transaction, this point is kind of too off.
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