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2501  Economy / Gambling / Re: BitLucy.com 🎰 100% Deposit Match ⚽🏏🥊🏀 UP TO €5000! 🔥 on: May 31, 2022, 08:08:32 AM
If I were in the management of bitlucy, I would consider switching to an Igaming provider. Then you have everything ready and the software and platforms are 100% reliable and also extensively tested. You can now remove a few mistakes, but those mistakes will come back another time in a different form. You have just started advertising on the forum, now is the time to switch platforms.

Man as far as I know the problem is not from the provider but from users who abuse bonuses , I don't think the problem is this complicated because only by removing the bonus or update the requirements the problem is solved, we don't know what update they did so it will take longer. we'll find out tomorrow and see if there really a change of provider.


The most efficient, and probably the only update a casino can do for fraud prevention is KYC. Fraud/cheat detection through software alone is an unsolvable problem. Cheaters, the smart ones, always find a flaw in the system, then exploit it, causing the developers to patch the flaw, then cheaters find another flaw for the developers to patch again. It's the same problem in everything that involves software.

Implementing KYC is also not the most efficient way may be efficient to prevent bonus abuse but users don't like KYC
You probably know most gamblers avoid KYC if it is implemented here then Betlucy will lose to compete with casinos without KYC


But if it is applied to some suspicious users then it can be considered and must be explained in the T&C.


That doesn't make the efficiency and convenience of KYC to prevent cheating and multi-accounting any lesser. But if you believe it's not the most efficient way to handle it, then what would be the more efficient/better way? We have seen none that could replace KYC. We've had seen the same evolution happen with KYC in centralized exchanges. It's just simply easier, more cost-effective, and more efficient for any centralized service.
2502  Economy / Speculation / Re: Realist World of Crypto Space on: May 31, 2022, 05:07:35 AM
Not so fun fact: Ben Armstrong a.k.a. BitBoy Crypto (the first tweet) takes payment from crypto projects, then shills these projects on his YouTube channel. I wouldn't listen to anything that grifter says.

https://twitter.com/zachxbt/status/1478082010807742468?lang=en


Merely one of the many charlatans who are using the most obvious of Bitcoin predictions to increase their influence among inexperienced Bitcoin HODLers, and scam them out of the most precious thing they own. Yes, obviously it's their Bitcoins. Although, it's hard to disagree with his Bitcoin "long term bullishness". Cool
2503  Bitcoin / Bitcoin Discussion / Re: How do miners choose which transactions to include in their blocks on: May 30, 2022, 11:31:01 AM

If the miners ever can decide which transaction to include or not then its not decentralized anymore. Whichever that comes in the mempool will be updated and eventually all shall be included in a block. If its designed to stop a transaction to go through, an imposed regulation will make it hard for users if the coins are tagged.


That's why it's the incentive structure that keeps everything stick together and actually work. If there was a miner who decides that only the transactions that he/she only likes should be included in the next block regardless of profit/incentive, then there's another miner who would be more willing to include those transactions as an opportunity to earn more. Given enough time, the miner who excludes transactions would earn less and less, and its competitors earn more and more, and grow bigger in hashing power, making the miner who excludes less and less competitive until it's unprofitable to mine.
2504  Bitcoin / Bitcoin Discussion / Re: How do miners choose which transactions to include in their blocks on: May 30, 2022, 10:32:55 AM
The "nonce" is the random number stored in the coinbase transaction to change the block hash. If you mean the block hash (the thing that's targeted to be below a certain number) then that'll change: when a new transaction is added; when a transaction is removed; or when transactions are moved inside the block.

The mining software takes transactions from the mempool of the node running and organises them (they normally prioritise higher fees but could also prioritise their own transactions too ahead of that). Transactions are immediately minable once they're sent to the node and some mining software may shuffle round transactions anyway for finding the solution for the next block.


OP, newbies, fellow plebs. The bolded statement in that post is a very important point. It's the incentive structure that makes the whole Bitcoin network/system stick together. I don't know if it was the same to many of you, but it took me some months after buying Bitcoin that I truly understood that for "decentralization" to "work", it's all about having incentives to keep everyone "honest".
2505  Economy / Gambling / Re: 🚀 WINZ.IO 🚀 JOIN $10,000 FREE LOTTERY 🥳 WELCOME BONUS: 300 FREE SPINS 🎁 on: May 30, 2022, 07:31:45 AM
Now, I want to try some of their bonuses again, but I'm a little afraid because of these current issues that winz has. I am completely aware that good bonuses are prone to abuse though, so I understand them. But still, I'm not that confident.
The accusations that have emerged so far are KYC obligations after wanting to withdraw funds and this is faced by players who activate bonuses, maybe if players never activate bonuses there will never be KYC obligations. So what you have to aware for is if you play on winz because the bonus must be ready with KYC obligations.


Those other "scam accusations"/complaints that are also very common are those KYC obligations when a user has made some withdrawals before, then the casino/site asks them randomly for their identification. Hahaha.

The problem is usually a user makes small bets and makes his/her withdrawal, then I believe the user deposits a larger amount, wins, withdraws, then he/she is asked for his/her identification. It's the same with centralized exchanges. Because of the probsbility of fraudand for compliance, they have to take extra security protocols including KYC.
2506  Economy / Gambling / Re: BitLucy.com 🎰 100% Deposit Match ⚽🏏🥊🏀 UP TO €5000! 🔥 on: May 30, 2022, 07:03:14 AM
If I were in the management of bitlucy, I would consider switching to an Igaming provider. Then you have everything ready and the software and platforms are 100% reliable and also extensively tested. You can now remove a few mistakes, but those mistakes will come back another time in a different form. You have just started advertising on the forum, now is the time to switch platforms.

Man as far as I know the problem is not from the provider but from users who abuse bonuses , I don't think the problem is this complicated because only by removing the bonus or update the requirements the problem is solved, we don't know what update they did so it will take longer. we'll find out tomorrow and see if there really a change of provider.


The most efficient, and probably the only update a casino can do for fraud prevention is KYC. Fraud/cheat detection through software alone is an unsolvable problem. Cheaters, the smart ones, always find a flaw in the system, then exploit it, causing the developers to patch the flaw, then cheaters find another flaw for the developers to patch again. It's the same problem in everything that involves software.
2507  Bitcoin / Bitcoin Discussion / Re: At what age did you start learning about bitcoin? on: May 29, 2022, 12:05:27 PM
~
I believe I was asking the wrong question. There is NO "solution", other than let the older generation die and be replaced by a younger generation more willing to accept Bitcoin, OR who might already be HODLing Bitcoin.

Yes, but there is a problem with your "plan". By the time it happens, we willl be the "older" generation, and, I don't know about you, but I don't want to wait that long. No, I still think that a better solution is to bring Bitcoin closer to the older generation, allowing those to learn about and get into it in a way that won't scare them away, and, giving them some fun things to learn about along the way.

I love the idea that the "Bitcoin generation" can grow up and become a large part of the market, but I also think that there is value in being introduced to Bitcoin at any age. We all know about "old school" currencies, but there is a new, shiny form of money coming into the world now, and we don't want the "older" generation to be frightened off by it or feel like it's not something that they can understand.


I'm not talking it about from my perspective, I'm talking about it from Bitcoin's perspective. For me personally, OF COURSE I want to see full acceptance/understanding today, but it's impossible. Bitcoin has to outlive a generation or probably two before it can have more favorable conditions socially and politically.
2508  Bitcoin / Bitcoin Discussion / Re: At what age did you start learning about bitcoin? on: May 29, 2022, 08:57:11 AM
Shower thought on a person's age, learning Bitcoin, and accepting Bitcoin. Because most of the "older people", especially in government, reject it, then I usually ask myself, "how much longer must Bitcoin run to accepted by the no-coiners"?

I believe I was asking the wrong question. There is NO "solution", other than let the older generation die and be replaced by a younger generation more willing to accept Bitcoin, OR who might already be HODLing Bitcoin.
2509  Other / Politics & Society / Re: Will Russia Emerge As The Next Dominant Superpower on: May 28, 2022, 12:57:19 PM

On the plus side if russia is the next dominant superpower they may be bitcoin friendly. At least that would be one positive thing we might look forward to in the horror show that could be the future.


It will be positive, possibly for a while. A government will always be Bitcoin-friendly only if it's necessary. But if its own people within the country start using Bitcoin for their own purposes that also require censorship-resistance/self-sovereignty, I believe the "friendliness" will turn into hostility towards Bitcoin.

There's also another example of this kind "friendliness". United States government to ease energy sanctions on Venezela. Why? Because it's necessary. Hahaha.

Quote

The Biden administration will begin to ease some energy sanctions on Venezuela to encourage ongoing political discussions between President Nicolas Maduro and the opposition, two senior administration officials told CNN.

https://edition.cnn.com/2022/05/17/politics/us-sanctions-venezuela-eased/index.html

2510  Economy / Speculation / Re: BTC -85% FROM ATH IN NOVEMBER..... on: May 28, 2022, 12:13:07 PM
I looked at BTC on the MONTHLY and zoomed out to "ALL" and looked at the RSI..

To me there has only been 3 big bull runs... We are just slipping down from that 3rd one now.

The 2013/2014...... 2017/2018..... and the 2020/21......

The first 2 both lost 85% before reversing upwards.. Can we expect the same now? 

We keep hearing "INSTITUTIONAL ADOPTION" and a bunch of other buzzwords but why wouldn't it be similar?

If we are to go 85% down from November ATH we can expect a $10,000 - $12,000 BTC..

Although the flag pole from the obvious bear flag that formed since November 17th takes us to $17/18k BTC..

Would love to hear some thoughts.


WE ARE? Isn't THAT another one of the biggest golden opportunties to purchase Bitcoin? Cool

Because, ser, if you're not HODLing Bitcoin, what would you be HODLing? There can NEVER be another "blockchain" that would become "a Store of Value". It's already Bitcoin. The developers of other coins had 10 years, and every one of them failed.
2511  Bitcoin / Bitcoin Discussion / Re: Russian individuals are using crypto to bypass sanctions on: May 28, 2022, 09:51:10 AM
The sanctions received by Russia will certainly have an impact on the economy in the country and the transfer to digital currency carried out by Russia will certainly make bitcoin indirectly have a very positive impact on the survival of bitcoin considering that Russia is a large country on the European continent. it would be a very good thing for the survival of bitcoin if the country had shifted to the crypto world, and we as miners also really hope that this adoption can make the bitcoin price stable again as soon as possible


Ser, it's actually Bitcoin that will be required for the survival of some countries. "Bitcoin" is merely a natural evolution of technology, like the invention of the printing-press, the telephone, or the internet.

There are other ways, and forms of usage, that "Bitcoin" can be of use to evade sanctions. One of them is to arbitrage a commodity like oil. If Bitcoin's price is high enough, Russia can use their crude oil and gas to power Bitcoin mining farms and sell the coins for profit, OR keep them to use to trade with other countries with other commodities.

Quote

Crypto mining could enable sanctioned Russians evade punitive restrictions researchers from the International Monetary Fund said.
Sanctioned nations could monetise domestic energy supplies, which cannot be exported abroad, by mining crypto currencies such as Bitcoin, an IMF report has revealed. While the magnitude of capital flows to sanctioned actors is “relatively contained,” the IMF said that it still presents “risks to financial integrity.”

https://www.cityam.com/crypto-mining-can-help-nations-evade-sanctions-imf-warns/

2512  Economy / Trading Discussion / Re: Few Steps To Avoid Losses In Trading. on: May 28, 2022, 09:27:39 AM
1 - Understand the fundamentals.
2 - Invest in your education
3 - STOP LOSS AND TAKE PROFIT
4 - Create a trading strategy
5-  Only trade with money you can afford to lose.
6. Join the best cryptocurrency trading signals group, such as MyCryptoParadise, for cryptocurrency calls and analysis. (best part is they will educate you on all of the above points)

I would never agree with point 5 because "trading with only money you can afford to lose" shows that you are considering trading as a gambling thing. Imagine if you are doing a startup and putting your valuable time and efforts into it, won't you risk investing everything you have to make it successful or would you restrain yourself from investing despite knowing a bigger capital will go a long way.

Another problem when you trade with the amount you can afford to lose is that you will be reckless in your decision making, knowing you don't really care if you lose the money.


I believe that you misunderstood that "rule". It just assumes that, being a pleb who would lose it anyway, we should not use a large percentage of our savings as capital for "trading", especially if the "trading style" you want to copy is a more active day-trading style. In fact, if you truly wanted to profit big and take on the biggest risk of your life, use close to 100% of your savings to buy the DIP, and HODL! If you're single with a job, and no responsibilities, the golden opportunity to start thinking about investing irresponsibly is coming. Cool
2513  Economy / Speculation / Re: Buy the DIP, and HODL! on: May 27, 2022, 12:11:52 PM

2) There is no unlimited capital from someone like me, even if you might have the sense that I have unlimited capital because I maintain buy orders down as far as I do.  It seems that it has taken me years to be able to get to the point to be able to establish maintaining orders and without running out of money.  However, if the BTC price crashes 50% from here (which would be nearly down to $14k), then based on my current set up, I run out of money at $19k don't I?  That's far from unlimited.


I was merely speaking metaphorically after seeing you DCA from $60,000 going down to $30,000, which from a sanity-preserving standpoint, it's honestly very impressive.

On another topic, the IMF wrote a white paper about Bitcoin, and Corruption and Capital Controls, to which they concluded that,

Quote

Cross-country regression analysis using a general-to-specific approach finds that more crypto usage is empirically associated with higher perceived corruption and more intensive capital controls. Overall, our interpretation, combined with a principle of prudence given the rapid increase in macroeconomic relevance of crypto assets, is that this evidence adds to the case for regulating crypto usage—for example, by requiring intermediaries to implement know-your-customer procedures. The analysis also shows the need for better data to understand the dynamics and the key driving factors behind crypto adoption. Meanwhile, work should continue in using the technologies underlying crypto assets to realize the potential benefits to financial inclusion and the efficiency of governments.

https://www.imf.org/-/media/Files/Publications/WP/2022/English/wpiea2022060-print-pdf.ashx


 I believe the truth is, it's actually corruption that creates the demand for technologies like Bitcoin. Cool
2514  Economy / Gambling discussion / Re: Can Old Casino Keep Up Without Support Here In Bitcointalk Or Signature Campaign on: May 27, 2022, 05:56:20 AM
The competition between different online casinos is very high.  


It's currently going higher if you noticed that there are more and more long-term signature campaigns by casinos in the forum. But I believe it is not that competitive yet because the Bitcoin gambling market is still growing.

Quote

Therefore, PR and advertising are very important for them.  There is a scientific study according to which it is psychologically easier for people to lose (lose in gambling) cryptocurrency than fiat money.  Cryptocurrency is perceived as something not entirely serious (although it is not).  


That would then be good for ALL the Bitcoin casinos if that study is accurate. Cool

Quote

In addition, among people who are fond of cryptocurrencies, there are many very gambling and risky people.  

Therefore, online casinos are interested in the audience of the Bitcointalk cryptocurrency forum.


But to scale the business and remain competitive, they are required to find, and opt-in to other more mainstream markets too.
2515  Economy / Gambling discussion / Re: Can Old Casino Keep Up Without Support Here In Bitcointalk Or Signature Campaign on: May 26, 2022, 11:59:00 AM
It is true that there is a segment of loyal customers who will always stay with the platform regardless of forum advertising or signature campaigns. The question is whether that support is enough to sustain a regular user base and long term existence. For example, there are new, modern gambling platforms that pop up all the time with a lot of fancy features and user friendly interface. Those platforms are only able to compete on features with the bigger traditional brands because of the bigger budgets they invest in advertising. When something is really well marketed, and well received by users, then it's going to be a tough challenge for these older platforms to compete in the market. Most of these platforms end up going out of business if they don't invest enough in their marketing and do not keep up with the latest technological advances of their peers.


If you ask me, I believe that there are other casinos that might have started to spend some of their marketing budget outside Bitcointalk. Advertising in this forum first is the best path to build a loyal group of users, but capital is limited. To scale the business, it requires some of the casinos to reduce marketing here to increase marketing somewhere else and increase their users on top of their loyal customers. It's merely another trade-off.
2516  Economy / Speculation / Re: Holding my horses for now on: May 26, 2022, 11:30:20 AM
Is buying bitcoin right now the same with buying later? I stopped buying because it looks like Bitcoin dips isn't over, imagine buying at 19k per Bitcoin, I think the whole idea of investment is when you are buying not running after the best coins in the market, buying them cheap is better or I don't get it?.


As a fellow pleb, I view it as completely understandable, and it will be better for your sanity. BUT, place bids near over, and under the 200-week SMA line. Bitcoin has touched it always during a bear market, but has never stayed under it for a long amount of time. THEN HODL. Cool
2517  Economy / Gambling / Re: Would you support a collective boycott of all Russian gambling platforms? on: May 26, 2022, 09:53:46 AM

Having a war is quite expensive because of the things they need to maintain and produce such as the different weapons, defensive items and etc. I guess having a ware is not ideal with the community of te particular country, is there any update between the current situation of the both country?. its been a while they make a news with this.


The Ukrainian president is starting to complain that his Western "allies" are not "doing enough" to help in the defense of his country. He also said that the Ukrainian military needed to give up key regions in the country because they can't sustain the resistance against the Russian invasion. Ukraine needs more weapons, and money for additional budgetary assistance. I believe the Russians will sack Kyiv by Christmas.

2518  Economy / Economics / Re: Solar panels set to be mandatory on all new buildings under EU plan on: May 26, 2022, 09:22:57 AM
This sounds more like a publicity stunt to fool the masses into thinking they are solving the issue.

For starters most of the energy is spent in the industries, for example most of the gas that is bought from Russia goes directly to factories not the housholds, a lot of electricity is also used by industries. In other words if every house added the solar panels it still wouldn't cut the dependence on Russian energy.

On top of that, there are parts of EU that don't have that much sunlight to begin with. The solar panels would work on a much reduced capacity at all times.


That sounds familiar. It's just like the Fed who talks of "fighting inflation", but won't do enough to actually fight it. The economy needs a hard landing, a crash, a reset. There's no other path but that. In the energy crisis in the E.U., everyone should only believe those politicians are serious in solving the issue, IF they make policies to set up and encourage the production of energy through.
2519  Economy / Economics / Re: Solar panels set to be mandatory on all new buildings under EU plan on: May 25, 2022, 02:12:22 PM
A good response to start and be more independent from Russian energy, but it will obviously not be enough. The fastest, and most efficient path to be truly self-sustaining in energy production is nuclear. I believe there will be an overreaction, and the over-production of nuclear power all over Europe will be good news for the Bitcoin mining cartels.
2520  Economy / Gambling discussion / Re: Any changes experienced within body - Gambling??? on: May 25, 2022, 12:22:48 PM
I’d say it’s safe to say if this is happening to you when gambling you should really hang it up, especially if you have a family. I get pissed off when I lose a bet, but it’s not because I can’t afford to lose the bet, it’s simply because I hate losing. I don’t ever gamble what I can’t afford to lose, so I never put myself in any sort of bad position. I know it’s not just that easy for some, and I wish those who can’t control their gambling the best of luck in trying to do so !


People will learn, always the hard way. It is also like the community's other "favorite sport", guessing the price of Bitcoin/a shitcoin, than gamble through "day-trading". I'm single, but I have definitely learned THE HARD WAY that the only way for me to build my capital is through HODLing. To the people who have an abnormal reaction to gambling like IBS, play the lottery or slot machines. More time to go to the bathroom and do your business. Haha.
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