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2521  Economy / Gambling / Re: LuckyBit took away my 0.05 BTC after wagering 70% req & banned me after on: December 02, 2020, 08:41:42 AM
Have this one been resolved out? OP last online logged in a week ago.So i presume that the had been sorted out already yet there are not response had been made or just simply this is an another
troll trying to ruin other websites reputation?
...


There has been strange appearances of people betting with or depositing huge amount of money on betting sites. It kind of surprising that people will risk that much on sites they probably don't know very well or trust. I wondered how people who earned that much money would take such hugh risk.
But we just answer their questions anyways. Hopefully they are genuine cases and not troll or tests

If they deposit such huge amount on some betting sites for sure they know what kind of risk they might encountering upon depositing in the site and also it's not a surprise to see some people who can risk a big amount since there are huge whales who keep gambling on several sites here. Also I'm kinda skeptical with user posting like this who doesn't provide any proof just to support their claims

Ofcourse. It depends on how well the bettor knows the site though. I assume that wise whales would bet huge amount on site they trust and are familiar with. The Trust minimizes the risk for them. If the site Op is accusing is trusted, then Op need to be really sure of what he is accusing it/them of
2522  Economy / Gambling discussion / Re: Non-Standard Casino Games on: December 02, 2020, 08:10:00 AM
I have to admit, I'm not a rather actively involved in online gaming, but well, curiosity didn't give me peace of mind, so I decided to try out what it feels like to play at different online casinos and what games they have. What I've noticed is that sometimes 'standard' becomes boring and at some point, dice, roulette or slots can feel somewhat monotonous.

What unusual and non-standard games did you play? What are the online casinos offering something unique and fresh?
(I plan to make a consolidated list with all the suggestions you post in this thread.)


I think random-based betting games shouldn't be too exciting, so people don't getting addicted to them. Unless there are strategies (known by few people) for winning them consistently , they shouldn't be enjoyed too much else those who rely on luck to bet on them would be losing miserably to them if they become addicted.

One of my favorites(I haven't played it though) is "bets on crypto prices". They could be considered skill-based by some and could be fun
2523  Economy / Service Discussion / Re: How Realistic is the whalebot alert? on: December 01, 2020, 04:54:16 PM
Well, you can use the bot to understand the current state of inflows/outflows of the exchanges. If whales are depositing BTC, they may be thinking about selling them, which would drop the price. If they are taking BTC out of the exchanges, maybe they want to hold their coins in the short term. But neither of those cases is a clear indication of what is happening next. Those users can, for example, deposit and not sell their coins or they can just withdrawal and send it right to another exchange.

Take a look at CryptoQuant's charts. A great one is the Spot Exchanges Reserve chart, where you can see a clear correlation between lower reserves within the exchanges and higher prices.

Interesting.
I wonder if speculation is the reason for this (the bolded part) or people moving their funds from centralized exchanges to hold (or both).
My problem with the whale alert is that it can potentially be used to manipulate prices
2524  Bitcoin / Bitcoin Discussion / Re: Rant: If you have sell target, YOU'RE COMPLETELY MISSING THE POINT. on: December 01, 2020, 04:24:53 PM
People should also remember not to invest what they can't afford to risk/lose. That should atleast help them not to panic sell or be too attached to the price of bitcoin.
They can sell some part of their bitcoins anytime they what to... No pressure. Just relax and see what you can do to help keep Bitcoin decentralized and safe.
2525  Economy / Economics / Re: Bitcoin and gold price inflation adjusting all-time-high on: December 01, 2020, 03:58:58 PM
I don't think it's even a good idea for Gold to increase in price like Bitcoin in this world population and its high usage/demand for gold for lots of purposes like manufacturing. That kind of extreme price increase is more suitable for things used just for money.
2526  Bitcoin / Bitcoin Discussion / Re: Bitcoin is 88% premine to kids born today 100% to kids born in 2142 on: December 01, 2020, 10:58:17 AM
I think it's better to print coins out of thin air to pay people for actually solving important problems that involve hardwork, and the problems could be solved by either computers or humans or both. There are loads of important problems that will need to be solved on decentralized systems/networks by every network participant. The solvers could be rewarded with Coins printed out of thin air. And the amount of coins to be rewarded to the solvers should be based on the merit or quality of the solutions... Good quality works get good rewards,fair quality get fair reward etc. That's is one of the ways everyone in the network get paid accordingly, without compromising on quality.
There are numerous problems in diverse fields of endeavor that should be solved by all decentralized network participants and they could get paid in coins printed out of thin air for solving them.
People should be free to join/leave (and earn rewards for their hard work) without too much permission/trust.
2527  Alternate cryptocurrencies / Altcoin Discussion / Re: Central Bank Digital Currencies - how will they be constructed? on: December 01, 2020, 09:44:25 AM
No one is against control, but public asset/system/network has to run publicly and not privately. A public system has to be decentralized, transparent, open, with accountability, be immutable (my post on immutablity below👇), adhere to just national laws/principles, respect people's privacy, etc..
I believe it should illegal/immoral for public system, network or assets to be run privately  like many are run today. This is can encourage corruption, lawlessness, no checks and balances etc. Even private companies that serve the public should be considered Public companies founded and managed by individuals or group of people but subjected to Just national laws/principles like those listed above 👆

Some of us are against control and of course if it is a CBDC you expect the state to be in control, but in a transparent way as you say. Like blockchain,,, it should have a block explorer,,, and a naming of all the controllers (or nodes), so people know who is validating and who is managing channels.

But not all CBDCs will choose blockchain and even those who did like Venezuela did not make an accountable system and printed tokens anyway.

I think euro CBDC will be the closest to adhere, but then, so many people have interest and benefits to lose with accountability




Well, I believe one of the best way to manage public funds/assets is by managing them on system that is transparent, decentralized, immutable, safe, etc. Centralization only encourages lack of true transparency, lawlessness, secrecy, unauthorized changing/deletion/modification of public data, censorship, etc 
Most of us can't even see what is going on in our Central Banks which are supposed to be public (like Bitcoin network), nor do we have any say/power to affect them yet we are not that bothered?  I choose decentralization, transparency, immutablity and other good principles of Bitcoin over the closed/private Central Banks.
2528  Economy / Gambling discussion / Re: What do you think about this service ? on: December 01, 2020, 08:46:27 AM
He/she is offering you "Fixed matches"  for commission? I guess fixed matches are illegal in most/all countries because they're not real/fair competitions and are they not based on established rules for such competitions/games.
 By the way, I believe it shouldn't be right/legal to bet on competitions we already know have been rigged. If their outcome have really been known or fixed illegally then it's not a good idea to bet on them.


I won't be surprised if they arranging fake (or fixed) competitions just to make money by getting people to bet on them and selling the outcome to others.
2529  Economy / Gambling / Re: LuckyBit took away my 0.05 BTC after wagering 70% req & banned me after on: December 01, 2020, 07:50:07 AM
Have this one been resolved out? OP last online logged in a week ago.So i presume that the had been sorted out already yet there are not response had been made or just simply this is an another
troll trying to ruin other websites reputation?
...


There has been strange appearances of people betting with or depositing huge amount of money on betting sites. It kind of surprising that people will risk that much on sites they probably don't know very well or trust. I wondered how people who earned that much money would take such hugh risk.
But we just answer their questions anyways. Hopefully they are genuine cases and not troll or tests
2530  Economy / Gambling / Re: Satoshihill Old school skin Rocket Betting Game with High paying faucet on: December 01, 2020, 07:32:58 AM
Tried checking out the site to know what it's about(I mean "skin rocket betting") , but go error message... The problem is probably from my own side alone or is it general? Using a lite phone browser.
2531  Other / Off-topic / Re: Marijuana should be legalized.? on: November 30, 2020, 03:12:55 PM
I believe that marijuana should be legalized, but so that it does not fall into the hands of teenagers who have not yet formed physically and as a person. It is better to ban alcohol, because of which millions of people die every year, as well as commit even more crimes under the influence of alcohol, which can not be said about marijuana....

I think Marijuana (which is actually green herb with seeds) should be legal. The abuse of the herb is what should be illegal. It doesn't make sense to ban people from using a plant which GOD permits humans to eat.

Eating the plant rather than smoking is what I can defend. I don't really know much about the smoking aspect though, whether it's healthy or not.
It should however be eaten in moderation but only by responsible adults. Understand what limit of the herb your body can tolerate without it harming you or causing you to harm others
2532  Economy / Economics / Re: Deflation - Inflation - Hyper Inflation & Interest Rates Questions? on: November 30, 2020, 02:23:16 PM
Hello,

Central Banks monetary policy is to meet inflation rate of lets say 2-3% set by Government fiscal policy right?

Why governments want prices of all the goods and services we pay for to be increased 2-3% yearly in a compounding way?

Why cant inflation be at 0% where prices of goods/services are stable constant throughout time? For this to happen central banks got to stop printing money right?



Prices of goods and services will always increase in price due to demand and supply unless there is deliberate measure to keep them stable as long as possible. If you totally leave them to natural market forces/activities or without intervention, they will likely increase in price when supply is low, and decrease when supply is high.

Government printing alots of money for buying particular goods and services that can't be produced quickly enough to replace the sold ones will decrease the supply of the goods/services or make them scarce hence price inflation of the goods/services
2533  Economy / Gambling discussion / Re: Argentina raises Gambling tax on: November 30, 2020, 01:50:51 PM
...
Gambling (taking big risk, whether in bets or other area) is actually bad and very risky. It's immoral to tax and benefits from things that are bad for people
If it is immoral, why are you promoting Bitvest casino in your signature space and (oh, no!) profiting from the casino?

Well, I never said profiting from safe/responsible/good bets is immoral. I am specifically referring to profiting from betting sites/centers that allow customers to take big risk (gamble) or those that allow customers to bet irresponsibly/unsafely. Please do you see anything irresponsible and unsafe about the company I promote?
2534  Economy / Gambling / Re: SatoshiDice is not Provably Fair betting on 1000x on: November 30, 2020, 01:28:44 PM
I probably didn't see enough reason why you think they are lying. Is it because of this:
Good day!
The games at satoshidice are 100% provably fair, and you don't have to take our word for it; you can independently verify the fairness of every single game you play by following the instructions at the 'Provably Fair' link at the top of any page on our site.

Doesn't that really verify the fairness of games played on the site, or is it not the proper way to verify the site's provable fairness.?
2535  Economy / Gambling / Re: LuckyBit took away my 0.05 BTC after wagering 70% req & banned me after on: November 30, 2020, 12:52:07 PM
Did you check the site Terms and Conditions to know whether it's stated that the "free money" can be changed whenever they want (without warning/notification)? I think that will determine if what they did was legal, but I don't think it's moral, assuming their intention is to do that and justify it with their Terms of service when customers complain.
2536  Bitcoin / Bitcoin Discussion / Re: If the banksters and governments held 90% of the Bitcoin supply, what now? on: November 27, 2020, 04:13:03 PM
Bumping the topic. I believe it has become more and more relevant, and dangerous, that as instutions are buying more and more Bitcoins and placing it under centralized custody, like PayPal, it could lead to a point when the custodians could start censoring us.



I think one of the best ways to prevent this from happening is to build a mechanism within the Bitcoin Network to control the supply/price.  This could mean increasing the total supply from current 21 million to may be 30million. The additional 9million could then be distributed and locked safely using multi-sig/smart-contract and governed by a decentralized community. The  community could help prevent the extreme price volatility by keeping the price fluctuate moderately while remaining deflationary long-term.


* You could alternatively (or in combination with the above) reward people to lock and hold/stake their Bitcoins for certain period of time(esp when Bitcoin is bearish) and the bitcoins maybe unlock when Bitcoin becomes bullish. Once their bitcoins are locked, they could be rewarded in tokens or something... Reward automatically increases when Bitcoin price is going down to encourage more people to hold and decreases when Bitcoin is going up to encourage some selling
2537  Economy / Economics / Re: How does bitcoin market cap take into acount forever lost bitcoins on: November 27, 2020, 03:08:34 PM
Right now Bitcoin market cap is about $316,001,197,150 for a bitcoin price of $17,029.88, doing the math ( not my forte ) that means they are taking into account 18 556 650 coins in existence.
It´s fairly known that way more than 10% of all bitcoins is forever lost.

10% is about 1.8million of the current supply lost forever. I wonder how they determine the 10%. Probably by considering coins that have remained unmoved for a long period of time?

What would be the best method of knowing how many coins still exist?
I think this is simply determined by the number of bitcoins mined so far
2538  Alternate cryptocurrencies / Altcoin Discussion / Re: Seeking for knowledge on: November 27, 2020, 10:16:44 AM
Well, open source is recommended for true cryptocurrency... and i prefer fully Open Source. Open source means the codes are transparent and you know exactly what they can do, and whether they're really safe to use (especially long-term). How could we rely on closed source wallets if we don't really know what the codes/owners are capable of.. They may appear safe but doing really evil/illegal things in secret.
2539  Economy / Economics / Re: "Humans will not be replaced by robots very soon" --- yeah right !!! on: November 27, 2020, 09:42:58 AM
The machineries you’ve mentioned still need supervision to perform in accordance to its usage. Without humans operating those robots, it would lead into disaster. Maintenance is also needed for these things not to be broken, since these robots has also its needs to be able to continue functioning.

Of course, in the current versions, these robots still need human supervision to function. But I bet a large number of robotic assistants will be self-sufficient in the near future. My Roomba is already returning to the charger on its own and resumes work when the battery is charged. I am sure that the next generation will even empty the dustbin on its own in order to be completely autonomous in performing its function.

A similar thing will happen with other robotic machines. There are already autonomous machines that can cultivate agricultural plots completely independently, which significantly reduces the need for human workers on farms. Isn't that replacing human labor with robots?
I think a well trained, good, very skilled, talented farmer would do a better job if given enough equipments.
I don't think fully autonomous machines/robot can be trusted to make new complex decisions without alot of errors.
2540  Economy / Gambling discussion / Re: Did anyone try to "gamble" with ponzi scheme crypto scam services? on: November 27, 2020, 08:52:27 AM
I never really gambled in a ponzi scheme I think, I lost some money on fake online casinos a few years back. But I think they weren't ponzi schemes, they were outright scams. People can definitely make money on a ponzi scheme if they invest in the beginning and get out before the company goes bankrupt. In general I would advice against such gambles because you never know when the bubble is going to burst.

My general advice is don't invest in investment schemes that are unsustainable or will end up as scam. Once you become aware that such scheme are unsustainable and people below will likely not be paid then don't join them otherwise participating in scheme you know will end up bad is immoral/illegal

There's no business that would sustain in the long run if they will provide a too good to be true reward, they are just built to scam people, some last longer but that is because they are still able to collect money from investors but in the long run they will just run away with big money.

It should not be supported or promoted, we don't want to participate this kind of gamble, it's a scam.


I think the "too good to be true" maxim is for most cases, but it's possible to create "too good to be true" business reward system/model that is good, last long and is sustainable.  Most people likely don't know how to make that possible or they have been decieved into believing it's impossible.
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