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2401  Economy / Economics / Re: Strong russia and china narrative vs weak usa but the thing is on: June 24, 2022, 09:19:52 AM
The so called Wall street no longer have that kind of power. It has been given to Russia for the time being until the "Red King" comes back.

Money is worthless if you don't have control over the world and its resources..

Russia is currently above the rest economically because they have real control over much of the world. They don't fully realize yet.

Don't worry my friends from USA and other. Everything is for our own good. In two to three years you will understand.



My advice: Any Western Nation that want to be above after Russia should ally with Russia


It's also, "Money is worthless if no one wants to transact in that currency". That's why the Federal Reserve doesn't know what to do, between saving the Dollar or saving the economy. Saving the Dollar would mean there is no "soft landing" for the economy. Saving the economy would mean hyperinflation for the Dollar. Plus between deflationary policy and an inflationary policy, it's easier to manage the system under and inflationary policy.
2402  Economy / Economics / Re: Strong russia and china narrative vs weak usa but the thing is on: June 24, 2022, 09:01:46 AM
They say dollar going weaker and weaker usa economy dont look good....but here is the thing...the wall street is in usa not in russia not in china and by no means wall streeet moguls and bankers can become poor overnight.

Until we dont see same wall street who rules over everything from new york and chigaco we can not expecting china and russia strengh....or anyone has some info that wall street offices and data centers will be moved out of usa ? Until no moves the usa remain economically strong second might be london uk becouse there is city of london where is a lot trading going on so uk might be second important country after usa so economics of usa and uk cant go lower then russia or china there is no wall street in china either....world economic is run by wall street how they turn numbers up and down so we are depend of this factors.

Also dont forget that bank of new york they direct REPO transactions no country has so far no rights for this until we dont  see china or russia will set up REPO department to connect the markets with money liquitity we can not talk about china or russia power over usa the country who controls repo funds like fed and federal resrrve bank of ny does it will say how we role thats it.

Second point forget about gas oil food supply....if you have money you buy it so only matter is the who controls money supply.

I hope i clearified how the economy works.


I don't fully understand what you're saying, but have you forgotten that Wall Street bankers are just merely corrupted gamblers wearing suits, WHO needed a bail out, and had the tax payers pay for the bill? Cool

I'm not condoning this man's actions. President Putin delivered this speech, and I believe he is forecasting a move away from the U.S. Dollar and U.S. debt, https://www.adamtownsend.me/putin-speech/

Translation of important parts in this tweet, https://twitter.com/stackhodler/status/1539888526589820929
2403  Economy / Gambling / KYC casino or no-KYC casino, but with no bonuses/no cashback? on: June 23, 2022, 10:48:53 AM
If you were given a choice, would you play regularly in a cryptocurrency casino WITH KYC, and with added benefits like first deposit/welcome bonuses and cashbacks?

Or would you like to play regularly in a casino, WITHOUT KYC, BUT also without the welcome bonuses, cashbacks and other extra rewards?
2404  Economy / Trading Discussion / Re: Coin margin or multi asset? on: June 23, 2022, 07:28:22 AM
OP, it's a bear market, if you want to be safe, use fiat/stablecoins. But quickly shift to using Bitcoin during bull markets because your capital grows in fiat-value during price surges, giving you more opportunities to take more and larger trade sizes. BUT if you ask me, just HODL. Don't lose more of your capital by making stupid trades in this kind of market.
2405  Bitcoin / Development & Technical Discussion / Re: [Megathread] The long-known PoW vs. PoS debate on: June 23, 2022, 07:12:05 AM
The truth is that Proof of Work is a True/Proper Consensus Mechanism when it comes to Trustless Cryptocurrency which requires Proof that a Job has been done before dishing out rewards. If you view things this way you would likely understand that it's only a based meaning of the more complicated Bitcoin PoW.

Proof of Stake seems to require Money as Proof that a Job has been done. This is a serious deviation from the real purpose of using proof to show that work has been done to achieve consensus in a Trustless environment.


Here's another shower thought. What if a developer builds, and bootstraps a new cryptocurrency network based on POS, and if you want to join the network as a validator, you can buy the tokens, BUT, only through Bitcoin. Does that make the new POS cryptocurrency network backed by Bitcoin's POW? Because, Bitcoin needs to be mined, to buy the POS token. Cool
2406  Economy / Gambling / Re: Blackjack.fun | 0.28% House edge | Live tables | Baccarat |Slots| InstantWithraw on: June 23, 2022, 06:29:58 AM
You kind of missed the point of windfury and my conversations. We're talking about the $100 from the signature campaign, which you get paid weekly to your Blackjack.fun account in BTC.

So yes, it's still money and earnings, but it's always something I consider as an added bonus on top of doing what I like to do (talk about gambling and Bitcoin on this forum). In that sense, it's money that's a reward for carrying the casino's signature. I feel like that's additional money I can also use to gamble.
The stupidest thing I keep doing almost at all times is that whenever I get a signature income,whichever place it is, I just either deposit it there or maybe they deposit it to my account there, and I gamble that away Cheesy. I know that I could withdraw it and consider it a profit or salary for my hard work etc etc, but instead of doing that, I just end up gambling that.

Why is that stupid, though?

Like I said, I consider campaign payments as a bonus. I do what I like to do, before I ever did campaigns, which is talk on the forum, discuss sports, and gamble crypto.

If I get paid it should be because I am only doing what I already do, but also supporting a cause, and a product/service I use and also like a lot.

It's like bonus money on top of what I earn from a living working. Why shouldn't I be allowed to gamble with it? Wink


Earning in Bitcoin is what actually makes people also spend in Bitcoin. As an illustration, pretend there's a lemonade stand that accepts Bitcoin and fiat. Which currency would the lemonade stand receive more? Fiat! Why? Because people get paid, and hold fiat. I know campaign payments is just an added bonus in Bitcointalk, but it helps with currency distribution, and helps create a circular economy for Bitcoin. If Bitcoin wasn't used to pay/receive for goods and services, Bitcoin would just be a Ponzi.
2407  Economy / Gambling / Re: How do you know how to trust online sportsbooks? on: June 22, 2022, 11:38:35 AM
~

also, if you are already here in the forum, you're lucky because finding one is easy peasy. just look at their dedicated threads, check for their trust summary, and you will get the idea if they are doing their job to their players. and if you have ample time, you can even read their whole thread. with that, i don't think you won't get the idea where they are in this gambling business. and how they treat their players and more. you will only be screwed by a new site if you don't know how to read some warning signals. but all the info are already out there, you just need to filter the authentic ones.

That's true actually. You either know who to trust, and thus you don't ask such questions, or, the safest move for you is going to established sportsbooks with great reputation. The probability of being scammed in one of those places is almost zero. You will rather be scammed by your bank or your employer than by an established gambling site.

That's why it's always been suggested to stick into reputable sites before making any deposit but there are people who do really love to test out waters and discover or trying out to experience new sites even if it's just new or doesn't have any reviews or good feedbacks.

popular sites do start on being new and can't be trusted but due time they do able to reach out certain position and popularity in the market.Always go with the herd and try to see if they are really dealing with a good site for you to follow them on.


I have already posted this in other topics, but another method that can help is look if the casino/gambling site is being represented by the trusted campaign managers in BitcoinTalk. I believe there are five campaign managers who are very trusted by the community, who also have proven themselves deserving of that trust, and they have the experience to sense whether a casino is a scam, or not.
2408  Economy / Economics / Re: LMAO: India resells Russian oil to the European Union. on: June 22, 2022, 11:11:17 AM
What it is crazy about this situation is the fact energy prices are this high during summer in the north: Europe, USA, Canada...

I can't imagine how expensive energy will get once people won't have other option but pay to warm their houses up this year during the winter. Do you believe there is a chance USA/EU would withdraw some sanctions against Russian gas by winter? Or is it more likely USA/Germany would backpedal their plans to push green energy in favor of fossil during the winter?  

I believe that if the war is over, trade with Russia will be restored quickly. If it continues, I think we're going to stay the same.

Germany is making a fool of themselves, shutting down nuclear plants and talking about gas rationing, which is not only affecting their population, but German industry is very powerful, and all this is also hurting them.

I believe that the best solution for Europe, as we don't have fossil fuels, is to support the energy mix with nuclear power plants. Closing them all is madness.


They're making MORE a fool of themselves because I believe Germany, and some countries in Europe, are proposing to increase their imports of Thermal Coal to use Coal-powered plants during the winter. What happened to "Go Green"/"Renewable Energy Future"?

Plus another MORE fools of themselves again because 70% of European imports of Thermal Coal comes from? Russia. Cool
2409  Economy / Gambling / Re: Question for regular casino players. Will you use Lightning if available? on: June 22, 2022, 06:20:09 AM
My answer is yes I will gladly use the lightning network on gambling if that is allowed, that will make my transaction fast with lesser fees. this will be a good development to see gambling using a lighting network to process player transactions.

Whenever we are going to make a deposit in a casino we see the options to spend less fee, one of them is to use other cryptocurrencies, such as trx, ada, among others, because we always want to pay less to use that money in the casino, however when we put money in BTC it is more difficult, both to leave an exchange and sometimes to enter a platform, there is always an associated fee that is considerable, however now with the price of BTC that is not so low it may be something that It doesn't stick so much, but in context if it has something of value, if BTC when it was worth almost $70k a BTC fee was quite strong, for my LN it is the perfect solution, especially for players who only use BTC.


I'm actually starting to doubt, and question the value proposition of "Lightning as a cheaper way" to transact in Bitcoin. I believe many of the posters in the topic who said that "they would definitely use Lightning" really won't. They would remain, and still use an altcoin. There should be a more effective value proposition for Lightning to be the preferred way to transact. I already mentioned a no-KYC casino directly built on the Lightning Network, like DirectBet was built on Bitcoin.
2410  Economy / Economics / Re: LMAO: India resells Russian oil to the European Union. on: June 22, 2022, 06:07:28 AM
Seems like Indian are very happy with their PM. He seems a simple man but are his advisors good or does his mind work really well?
They are smart enough having good terms with US and they are buying oil from Russia and selling it to EU. Very impressive though!

I would give credit to the PM (Narendra Modi), but at the same time I will acknowledge the contribution from the Minister of External Affairs (Subrahmanyam Jaishankar). The latter was quite instrumental in countering the criticism from western nations regarding Russian crude oil imports. You can watch this interview here, to understand how skilled he is:

https://www.youtube.com/watch?v=j2EdQD_Eag0

I am quite thankful to the current government for keeping economy in good spirits. Some of the neighboring countries are going through economic meltdown. We have avoided that fate so far.


It's laughable, but in my opinion, there's nothing wrong with it. Do you know what that practice is simply called? We see it everyday, it's actually around us. It's called the act of doing business. India saw a gap in the market, and took the opportunity to fill that gap. Simple. Cool
2411  Other / Politics & Society / Re: Will Russia Emerge As The Next Dominant Superpower on: June 21, 2022, 11:28:10 AM


Stop stop stop! Putinzhe officially declared - this is a special operation against Ukraine blablabla. You do not trust Putin? Are you saying that he is a cheap star? Why is he lying so stupidly and primitively to everyone? Do you want to say that he is afraid of the USA, since he hides information that he is at war with the USA? Grin

And once again the question is - what resources, and from whom, in your opinion, do these insidious states want to take away?
Putin is uncontrollable - Russia is powerful and they will keep invading Ukraine till they get what they want.
But the war in this time is horrible although Ukraine didn't turn out to be a weak country but they were asking for ceasefire - Russia should have a soft corner for the other people as well.


There will never truly be peace in that region after the invasion. The U.S., U.K., Germany, and the rest of NATO will keep sending weapons to Ukraine and the other territories around that region. Why? Because they know they have lost, but what they can do is destabilize the region and make it harder for Russia to truly conquer, and get control.
2412  Economy / Gambling / Re: I miss the old OnChain gambling on: June 21, 2022, 11:02:01 AM
They truly run onchain without the requirement to make an account with the casino? Everything is sent and received to your wallet? That's good, but from a technical perspective, TRON has made trade-offs in the Blockchain Trilemma for more scalability, but the network becomes more centralized.

The Blockchain Trilemma, https://www.ledger.com/academy/what-is-the-blockchain-trilemma

Yeah, I think Tron people missed the point (well not just them, almost any altcoin really) that people wanted on-chain solutions like this because they trusted the network, or rather, it allowed trustless settlement of bets, purely objective, meet all the right conditions and it settles.

That's how Directbet and others mentioned worked, because it used the Bitcoin network.


I believe developers can build a casino on top of the Lightning Network, with "No-KYC" as a "value proposition" for users.

Quote

Don't know just how badly centralised Tron/EOS and all those gambling dapp wannabes were, but I suspect pretty bad. Ethereum's probably the only dapp network I'd trust to gamble on with significant sums.


Obviously worse, the faster the network can process transactions per second. If they're blockchain is used at scale, they will need a data center to archive all that data. Bitcoin is not actually used "at scale" yet, but look how harder/more expensive it is to boot-strap an archive node. Plus also the fact that TRON/EOS uses POS/DPOS, that makes it very worse.
2413  Economy / Gambling / Re: I miss the old OnChain gambling on: June 21, 2022, 07:17:23 AM
I guess it's still possible to gamble on the chain. There were many casinos running on the Tron network. It makes it possible to play fair game on smart contracts.

However, people find it more convenient to play in licensed and popular casinos.


They truly run onchain without the requirement to make an account with the casino? Everything is sent and received to your wallet? That's good, but from a technical perspective, TRON has made trade-offs in the Blockchain Trilemma for more scalability, but the network becomes more centralized.

The Blockchain Trilemma, https://www.ledger.com/academy/what-is-the-blockchain-trilemma
2414  Bitcoin / Bitcoin Discussion / Re: why can't bitcoin be based on something that has value? on: June 21, 2022, 05:55:29 AM

Quote from: death_wish
It's a common myth.  Bitcoin’s price is not directly caused by subjective perceptions:  It is a result of the market, based on supply and demand.  Perceptions are one factor in the “demand” side of that.  There are other factors to demand; and perceptions do not alter supply.

Ultimately, Bitcoin’s fundamental value derives from its facilitation of productive economic activity, which would be costlier, infeasible, or impossible without Bitcoin.  I know that I have done productive non-Bitcoin, non-market business with Bitcoin, which I could not have done without Bitcoin.  That’s not extraordinary:  It is being an ordinary Bitcoiner who uses Bitcoin as money, rather than a purely speculative buyer who just wants “number go up”.  The more such people they are, the higher the organic, non-speculative demand for BTC.

i'm not saying bitcoin doesn't do that. but bitcoin has weaknesses. you can't deny that. the main weakness being that it is not backed up by something like gold. gold could then be used to measure the value of bitcoin. and gold has real world use. people wear it. it gets used in all kinds of electronics. bitcoin doesn't get used anywhere for any purpose. it's just imaginary.


It's not backed by "something", but it is really useful in the Dark Markets to buy Heroine from Mr. Drug Dealer. It's very useful to go around a government's oppressive policies, like capital controls imposed on Chinese citizens. Did you know that only $50,000 is allowed to be sent per year outside of China per person? Bitcoin can break down political strongholds ser. It has a bigger role to play than Gold, and we don't know what it really is yet. The cat is out of the bag though.
2415  Economy / Gambling / Re: Places where you can bet 50 BTC on 50/50 odds? on: June 21, 2022, 05:30:58 AM
Feeling sad, looking for a place where I can gamble the last of my stack.

What sites can I gamble 50% BTC and double or nothing?

All you have to do is bet on black or red in roulette. It's not exactly 50/50 as it still there is zero as a separate color, but the odds don't change much. Roulette is available at most casinos, so just pick your favorite platform or the one that gives you the biggest welcome bonus.

My question is where I can do this for 50 BTC


50 BTC per bet for a fair chance of 50% against the house without house edge? Definitely NO casino would take your Bitcoins for a fair 50/50 chance in ANY game. I believe it would be better for you to take your chances through investing with that kind of capital. OR just HODL until the next bull cycle?
2416  Economy / Economics / Re: World Bank slashes global growth forecast to 2.9% on: June 20, 2022, 01:47:40 PM
The war in Ukraine is causing so much harm to the world. World economy was very fragile after the recovery from Covid-19. And every nation was doing everything possible to come out of recession. But the invasion of Russia by Ukraine came as a blow to the global economy. It has triggered hike in the price of oil and gas which no doubt have the capacity of causing inflation. Now the price of commodities are increasing astronomical and it has be alleged that Russia is now weaponizing food. Until Russia lift the food blockage by allowing the free flow of goods in the sea ports of Ukraine, the world would not recover. Until Russia stops the invasion of Ukraine, the world might not recover from this economic woe soon. 
 

It's not only the war in Ukraine, and the sanctions against Russia. China's onshore credit market will also be in trouble, if the defaults in the property sector continues, which may cause a contagion to other sectors of their economy. It will be very bad for those countries that consume cheap goods manufactured in China. The top consumer which is the United States of America. Ironically, Russia is low in that list.

https://www.worldstopexports.com/chinas-top-import-partners/
2417  Economy / Speculation / Re: Bitcoin price with a 4 year cycle? on: June 20, 2022, 11:35:15 AM
The fact that we reached the previous ATH (almost at $20k) which has never happened before, is another good indication that the cycles are broken and we are seeing an entirely new trend. If you look at the previous cycles, they always have a much bigger peak compared to this one and their bubble burst never leads to price going to the previous peak. For example when the 2017 bubble burst the price didn't drop to previous peak at $1200 but instead reached $3200 which is about 3 times higher.

This time we didn't even have a bubble and price dropped down to the previous peak!


What will happen to PlanB and his Stock To Flow Model?



I used to doubt it, then I believed it, and then I doubted it again, only to be called stupid for doubting it. I am the stupid one in the forum, but pooyah87 I value your opinion, what's your current opinion of Stock To Flow, and what's your opinion of those people who remain in the belief that it's not a flawed model?
https://twitter.com/100trillionUSD/status/1538079814443204609


Do you still believe in "the model"? The model has based everything on the supply side, not the demand side, and it assumes that the demand remains constant. I believe that it is flawed thinking. If there was a Black Swan event that would remove 80% of liquidity from the cryptocurrency market for 5 years, do you believe the model would still work? Simply because supply is limited?
2418  Economy / Gambling / Re: Blackjack.fun | 0.28% House edge | Live tables | Baccarat |Slots| InstantWithraw on: June 20, 2022, 11:00:19 AM

And also just a heads up. The deposit of other coin except Bitcoin has a delay. My USDT(TRC20) deposit is still pending for more than 12hrs. Use Bitcoin if you want to play immediately.  Wink

Do you received already your USDT deposit? I'm planning to deposit and play for tomorrow daily contest because Bitcoin price is very low right now, It will be very easy to farm Bitcoin volume for wagering requirements on this kind of market.

I don't want my deposit get stuck coz I'd rather use it on swing trade on this current market rather than wait for my pending deposit all day long. There's no announcement about so it's bothering to deposit right now.

The deposit is not yet credited nor visible on the deposit history of my balance. I guess there's no support during weekends and probably  my deposit will be credited on monday. There's other players too with same issue like me. Use Bitcoin instead if you really want to play right now.



Pheew! I manage to have a 1200$ profit since yesterday by playing blackjack on VIP table. The 3 session that I made is very intense and almost depleted my bank roll to zero. By the way, The 3 withdraw records above has a 500$ initial bank roll so the profit will be subtracted by the bankroll.

I was getting greedy so I decided to stop today and try again next when my state of my mind back to normal. Just sharing my experience and self control as well.  Wink


 Shocked
How do you do it ser?

How long can an absolute newbie learn from nothing, to become OK in BlackJack and become a small winner?

I create a Blackjack discussion thread few years ago and share the basic table matrix for playing the blackjack properly. By following it will give you a little edge of winning because your judgement will not be clouded with your emotion.

Check out this thread https://bitcointalk.org/index.php?topic=5225428.msg53827787#msg53827787 and feel free to have comments. The secret on Blackjack is be consistent to the rules and proper bank roll management.


Thank you! I will try to utilize the matrix, not to win, but to try to lose the most minimum amount possible, and try to win hourly wager competitions, and hopefully later the daily competitions too.


And also just a heads up. The deposit of other coin except Bitcoin has a delay. My USDT(TRC20) deposit is still pending for more than 12hrs. Use Bitcoin if you want to play immediately.  Wink

Do you received already your USDT deposit? I'm planning to deposit and play for tomorrow daily contest because Bitcoin price is very low right now, It will be very easy to farm Bitcoin volume for wagering requirements on this kind of market.

I don't want my deposit get stuck coz I'd rather use it on swing trade on this current market rather than wait for my pending deposit all day long. There's no announcement about so it's bothering to deposit right now.

The deposit is not yet credited nor visible on the deposit history of my balance. I guess there's no support during weekends and probably  my deposit will be credited on monday. There's other players too with same issue like me. Use Bitcoin instead if you really want to play right now


LOL, I took a shot and try to deposit different coins and I use TRX, Yeah you're right! The deposit is really not working on other coins except Bitcoin since I manage to deposit my balance and received with just a few minutes of waiting. Probably this problem is due to there empty wallet for altcoins. There's no admin to refill it which cause this deposit issue. Maybe they are unloading some altcoins as safety precaution to the bear market.

I was push to gamble again to recover some part of my loss for holding some shitcoinsUndecided


I personally don't trade/invest/hold shitcoins/altcoins anymore, but in my experience shitcoins/altcoins are good to own during bull markets because they surge against Bitcoin, and bad during bear markets because they crash against Bitcoin.
2419  Economy / Speculation / Re: Buy the DIP, and HODL! on: June 18, 2022, 12:19:08 PM
So Opportunity, Such win.

BTC is illegal, good luck fencing those illicit coinz


That's a laughable post coming from someone who believes that BCash SV is the real Bitcoin. We really don't know if you truly believe that, because everyone knows that there's a hidden agenda. You've scammed enough newbies, ser.

Plus welcome back. You chose the best time to post FUD again. FUD that will be memefied in two years. Make the FUD good. We salute you.

Lol, as I have said in the previous post, there are a lot of newbies posting with their loom and gloom prediction and then the argument about bitcoin's environmental impact, same cycle, same shit.  Grin

But I. totally forget that we have also the perma-bears in our community, or shall I say anti-bitcoin to begin with. They will also start coming out of their hiatus and take advantage of the worst scenarios.


He's not a perma-bear, he's a member of the Cult of Craig, spreading disinformation, and gaslighting anyone/who they can victimize and trick into selling their Bitcoin for Shitcoin SV.

This person actually thought he was holding 15 "BitCoins" in his wallet after listening to a con-artist, or maybe the con-artist truly believed that SV is the real Bitcoin, which is worse https://twitter.com/andrespollan/status/1185455536084541441
2420  Economy / Gambling / Re: Blackjack.fun | 0.28% House edge | Live tables | Baccarat |Slots| InstantWithraw on: June 18, 2022, 11:53:51 AM
...
I played Classic Black Jack 5 mBTC per deal for about 45 minutes in total, and I believe I made 6th place, which won me $0.65.
...
What guides should a Black Jack newbie like me should start reading?

Wagering contest are not really helpful. these are not methods for earning. Don't count on these.


Quote
Video Course of BlackJack for people who want to learn BlackJack
https://bitcointalk.org/index.php?topic=5392847.0

I suggest you start with this series of videos because they are really informative and helpful.
However, I would like to point out that some information is more applicable to live gambling in a casino rather than to an online casino. But they are always useful information that can help you to frame the type of game.
Enjoy!!!


Thank you ser!!!

A queston about card-counting in BlackJack for casinos online. How many "virtual decks" do they use in the "virtual shoe"? Or do they truly have "a shoe", or is there actually an infinite amount of decks that it makes it impossible for card-counting?  



Pheew! I manage to have a 1200$ profit since yesterday by playing blackjack on VIP table. The 3 session that I made is very intense and almost depleted my bank roll to zero. By the way, The 3 withdraw records above has a 500$ initial bank roll so the profit will be subtracted by the bankroll.

I was getting greedy so I decided to stop today and try again next when my state of my mind back to normal. Just sharing my experience and self control as well.  Wink


 Shocked
How do you do it ser?

How long can an absolute newbie learn from nothing, to become OK in BlackJack and become a small winner?
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