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2621  Economy / Gambling discussion / Re: Sports icons and Covid19 complications on: November 12, 2020, 09:13:10 AM
The effects of the corona virus have diminished somewhat the government of each country is considering a second lockdown if a second wave occurs the situation will get much worse the number of deaths will increase a lot including the country's economy. The correct solution is not possible until the vaccine is available sports will be suspended for the safety of the players many will be affected by the disease if social distance is not maintained.
I wonder if the stadiums will be packed full like they used to be if vaccines are given to the spectators... or will they be made to maintain the social distancing and follow previous health safety protocol/rules. People could easily put their trust in vaccine and start taking big risk in crowded places and with their bodies. Such people could make the disease more stronger and difficult to treat/cure.
2622  Economy / Gambling discussion / Re: Rollover betting challenge system by Lordhermes on: November 12, 2020, 08:45:29 AM
What happens if the bettor lost one bet or day(assuming the "Outcome" is equal to "a Winc)? He/she continues betting or start from the beginning (1of5)?
I think this can be an interesting way to risk little in bets if the bettors will pick game with high chances of winning based on their experience/skills/knowledge.
2623  Economy / Gambling / Re: The new no registration required smart wallet interface btc and eth lottery on: November 12, 2020, 08:17:21 AM
I wonder who will use such leverage on random-based betting game/competition like lottery. Leverage betting is more suitable for skill-based betting games/competitions. I think people would take such risk with leverage when they think they have high chances of winning. How can you be sure of winning in random-based game like lottery, unless you know things that can be learned in lottery, but most people don't know them. Leverage will probably make sense if the chances of winning  is high in your kind of lottery.
2624  Bitcoin / Bitcoin Discussion / Re: Do you know the difference between Bitcoin and bitcoin? on: November 11, 2020, 04:41:59 PM
I normally use the capital letter for the Bitcoin Network and the small for the coin/currency. I guess I interchange the words sometimes, probably when I'm starting a sentence with bitcoin (currency), When I use the Bitcoin(Network) multiple times after the beginning of a sentence, If it's a typo/mistake or when I didn't know/remember.
2625  Alternate cryptocurrencies / Altcoin Discussion / Re: A Post-COVID World Powered By Blockchain Technology on: November 11, 2020, 03:57:43 PM
Have you ever wondered what our world will look like after the demise of COVID-19? As we enter an era where the mainstream economy becomes "digitized", Blockchain technology will be at the forefront of innovation. From keeping track of the supply chain, to proving ownership, Blockchain will be finally integrated in our daily lives. Already, we're seeing a boom in demand for decentralized cryptocurrencies. Banks have announced they'll launch CBDCs of their own, enabling a truly cashless society in the not-so-distant future.

On the other hand, more companies are beginning to offer remote jobs as a means to prevent mass infections of COVID-19. Doctors are even recurring to "telemedicine" at a fast pace. With how quickly the world is evolving, it seems to me that we're heading into a digital era never before experienced in our lives.

What impact will Blockchain technology have after the demise of COVID-19? Will everything be automated without middleman? Will people resort to physical cash once more or adapt to the new monetary system powered by CBDCs? Or is it still too early to tell? With how successful crypto and Blockchain technology have been since their inception,it's likely our world will adopt Blockchain technology to the fullest.

Thoughts? Huh

I don't think everyone will abandon physical currency for the virtual ones. We will see communities combine both physical and virtual currencies, some will use only physical currencies while others will go fully virtual. What is important is that people are free to choose what is safe and best for them.


it's likely our world will adopt Blockchain technology to the fullest.

Well, I hope people adopt truely decentralized Blockchain for their world if they don't want or like tyranny & evil dictatorship. A blinded world needs Blockchain with lots of features like decentralization, transparency, immutablity,  right consensus/rules, privacy/anonymity, permissionless/trustless  to prevent/avoid total takeover by corrupt dictators/tyrants.
2626  Economy / Economics / Re: Would you like to become a co-owner of a world bank? on: November 11, 2020, 03:28:36 PM
It might be fair to say governments of the world hold monopolies over fiat currency. Which could be improved by introducing free market competition to the equation. The venezuelan bolivar and zimbabwe dollar could be better managed, and appreciate in value. If there were competing currencies incentivizing regulators to do a better job.

Theoretically there are competing currencies, as there are different countries with different currencies. Peopple could just move to a better country, or a country where politicians do what they would like. "Vote with your feet".

But the costs of moving to another country are so high that people often do not move just because the government is doing a terrible job.

When people really that the government is really fucking up it is usually too late. For example, Venezuelans cannot move now, because their economies are worthless, as their currency is no longer accepted anywhere due to inflation.

11. Anyone can freely open their deposit and become a co-owner by connecting their Ethereum wallet address to a smart contract (cryptobank). Your ETH always remains blocked at your address in the smart contract and can be unblocked at any time. You can also transfer your asset (ETH) to any other holder of the bank cell (smart contract). The bank will issue you its guarantees in the form of tokens, ETH-WORLD equivalent to the value of the deposited assets of the deposit. In this case, you do not have a deposit burdening ETH, and you have the right to do with it at your discretion.

I wonder who blocks and unblock the coin, and what condition does the account owner have to meet before his/her coin is unblocked...

I prefer a setup where the account owner has complete control over his/her fund, even when the account is attached to the bank/smart-contract. The smart contract could only be executing pre-programmed contract, like paying of interest into the account, deduction of fee from the account, etc at certain times after tasks have been performed.
2627  Alternate cryptocurrencies / Altcoin Discussion / Re: We need more decentralized stablecoins on: November 11, 2020, 10:47:34 AM
So you just want to have another tool just for the sake of the illusion of choice? Not bad not bad.
Yes, some addresses are blacklisted but do you want the market to be safer? You won't be blacklisted just like that, so this is a dubious argument.
And I see no reason to do another one stablecoin, we already have enough . Or do you want to repeat the flood of the crypto market with a bunch of useless and even just fraudulent coins as it was at the rise of this story? No thanks, let's skip it.

OP made a good point. 
I have no problem with blacklisting in Crypto space though, as long as it's not done in secrecy. My major problem with the centralized blacklisting is that it probably happens in secrecy, or it's not transparent. I won't be too bother if we have a decentralized stablecoin that have clear rules that can result in users getting blacklisted if they're violated. And the community where the blacklisting happens has to transparent, decentralized, permissionless, etc. Whenever blacklisting rules are changed, users have to agree to them before they can continue using the stablecoin.
2628  Economy / Economics / Re: Would you like to become a co-owner of a world bank? on: November 11, 2020, 10:22:25 AM
This is Satoshi Nakamoto's dream. He wanted to give each person their own bank in hand.
He wanted to save people from the problems of trusting ...


Imagine a Bank that has no management and administration. All these functions are performed by the smart contract program. Anyone who wants to connect to the bank becomes its co-owner. You can place your financial assets as authorized capital in the form of a deposit on your bank account. The bank guarantees the preservation of financial assets by issuing you an equivalent value (smart contract tokens). The bank accumulates financial assets of all co-owners and accrues income for the placement of funds. You can earn by helping others to become co-owners of this bank by providing an opportunity to connect to the bank. You can always get your asset back at any time by returning its guarantees (smart contract tokens) to the bank.
The peculiarity of bank guarantees is that they cannot be depreciated under any circumstances. The smart contract program provides for an increase in the value of tokens depending on the amount (authorized capital) of the bank's deposit. The higher the deposit, the higher the cost of the token.
http://prosh.ru/smartcontract.html

Such bank will have to compatible with crypto ideals like decentralization and self custody. It should work more like Uniswap (and better) so we don't hand them too much of our money/power/control which can affect a well decentralized network if you don't regulate the bank properly with the decentralized network rules. Besides, you have to make sure that the decentralized bank you put your money in don't use PoS or other Consensus mechanism to make it hard for you to participate in full consensus/governance... by making people with large amount of stake or miners to determine the consensus or future direction of the bank
2629  Economy / Gambling discussion / Re: TOP 10 Lottery Winner Losers on: November 11, 2020, 09:49:13 AM
They are only a few of them who got so lucky but can't imagine the countless number of gamblers who lose in the lottery. But the list had something to prove that winning in the lottery is not a joke, nor it was just fake and to look attractive. I do participate in the lottery but sadly I don't have luck and never have the chance to win.

But having said this, I don't discourage people to walk away from gambling or in the lottery. Who knows, the luck vested on you and you'll be like them winning millions someday.

all that are on the list are winners but the list is few compare to all the winners of the lottery that are not listed on here. we do want to be like them we do want to win but we dont want to feel the same faith that they had .

winning in a lottery isnt a joke because the odds are close to impossible and also handling a huge money isnt also a joke if ever you win  .

your life can be threaten because criminals will get interested on you and will also be threaten if let say you will buy things that you dont have before like car ,  travelling on different places where accident is more prone to happen than living a simple life .

For those that mismanaged their lottery winnings, I guess they already realized that winning alone is like one in a million and should have used it properly. But anyway, the regret is always at the end. Everyone of us always think that if given that once in a lifetime chance, we will spend it wisely. But in some cases, the scenario changes once you are in that situation.


What makes people responsible and happy is doing what they love to do or what they are talented in for the benefit of others.
Perhaps if you recognize this talents in such winners and get them to impact their society with such talent/gift, they will use the money more responsibly in the businesses.  The problem is that they spend the money on themselves or selfishly to be happy. Those kind of spending usually bears no fruit. Better to use it to develop your talent to help other people. That's what makes us happy not huge money.
2630  Economy / Gambling discussion / Re: Casino workers forced into unpaid leave on: November 11, 2020, 09:24:38 AM
This is not illegal, business can't give people a paid leave when the business is not making money as usual.

The economy has been struggling due to the pandemic, so with what is happening, its not wise to stick again in an industry that is not making good revenue anymore, if they will switch job and they can find it, why not find a new one, but we can also understand that the loyalty is there and this pandemic is not permanent so they also don't want to lose their permanent job that could give them a good benefit and assurance once the operation is back to normal.

If those were good gaming/betting centers, they would have been encouraged/pushed to try online (or something like that) and target mostly the citizens of the country. If they were mostly for the money rather than making others/society better, they will likely find it hard to "feed" the citizens or people close to them thesame thing they feed outsiders. Economies built in this manner will likely suffer when crisis like the pandemic arise. Basic needs won't be affected too much.

2631  Economy / Gambling discussion / Re: TOP 10 LUCKIEST LOTTERY WINNERS on: November 11, 2020, 09:00:23 AM
In regards to the maths professor, I feel it's possible to increase your chances of winning such lottery if you do a thorough research on how the lottery was made and distributed around a country. If you can do the research without breaking the law (like hacking into things during research, or bribing people for secret/info), you could end up increasing your chances by pinpointing list of places where the jackpots could be located then spend reasonable amount of money buying lottery tickets in the locations.
2632  Other / Off-topic / Re: P2P it all ! what do you use beyond pure cryptocoins? on: November 10, 2020, 04:57:08 PM
Currently researching the existing p2p  decentralized Networks/platforms to see if I can find a really good one or some good ones that can be modified to be well decentralized, transparent, immutable, censorship resistant, permissionless/trustless, anonymity-friendly/privacy-friendly, consensus-driven, rule-based, etc... and can also allow people to easily own their data.
I have gone through ZeroNet few weeks ago... it's quite interesting.
Will go through more in the future. Saw this one: https://retroshare.cc/ few days ago. Haven't checked it out yet

https://retroshare.cc/




* I think Network like retroshare.cc or ZeroNet will need to have some kind of reward system and native coin (likely with Crypto like Bitcoin or a new coin) to make it sustainable.
2633  Bitcoin / Bitcoin Discussion / Re: Yet another article: Is Bitcoin an Asset a Commodity or a Currency? on: November 10, 2020, 04:31:11 PM
Bitcoin is a currency, a money, a commodity, and an asset, but it is totally and basically digital in its entirety. Money because it has instrinsic value, currency because it can be spent, commodity because it can be exchanged with other commodities and can be bought with the use of fiats or other money, it is an asset because bitcoin is a deflatuonary currency, its value do appreciate over long period of time, although seemed shorter for bitcoin. But, do not let us still leave the main fact, bitcoin operates digitally, it is actually a digital currency.

I think It still can be used like physical currency if users want it so... And this doesn't violate its definition as "A Peer-to- Peer Electronic Cash System" because users will still need to somehow verify a physical/printed bitcoin electronically.

In regards to whether it is currency, asset or commodity, people could go through the whitepaper and other places to know what it actually is or what the inventor/developers called it in its early stage of development. It can still be called the other two (assets and commodity) if it fits into their definitions.
2634  Economy / Trading Discussion / Re: Software That Copy Trades on: November 10, 2020, 03:47:13 PM
You really can't simply copy other people's trades just by having certain software, you'd need to have access to their trading API too(which most people would definitely not publicize).

Instead, you can use platforms like eToro that already has the copy-trading feature. Wouldn't really recommend though, but you do you.

eToro is devil site I believe. It's seriously unethical to copy paste the trade and work out the math in the trading world.


I wonder why you think so? Is it due to the two horns, or they do things that are really bad/unethical? Wish you could make this abit clear.


It destroys the volume in multiple ways, or the way the market is moving gets disturbed. I consider it more or less similar to group pumping and dumping of the share market.
Really interesting. I suspect that traders who aren't that good in trading could move the market in the direction they want if people with lots of funds are copying their trades. I guess if you have many services offering the copy trade, then the market will be hard for one to move
2635  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum User Spends $9,500 in Fees Sending Just $120 on: November 10, 2020, 10:41:03 AM
Another fees error has been registered on ethereum blockchain. According to this news from bitcoin.com
https://news.bitcoin.com/ethereum-user-spends-9500-in-fees-sending-just-120-in-an-error-to-forget/
A guy from reddit has declared to have loss around 10K USD just for a fee error, sending around 80x times more the right amount.

What you think about these errors? What did you think about miners that decide to keep this fees?

in my opinion this is a human errors, not because the network
thats why people should double check not only the receiver address but the gas fee too, to minimize the risk of human errors

I think a good service would ensure that such human error is easily noticed and corrected, or doesn't even occur atall. It is an important problem that can't be left unsolved if there are viable solutions for it.  It actually makes transacting on the network with big amount alittle risky.
2636  Alternate cryptocurrencies / Altcoin Discussion / Re: We need more decentralized stablecoins on: November 10, 2020, 09:49:10 AM
Well, I think we need really good decentralized stablecoin...  stablecoin that isn't backed by things that are not very censorship resistant like fiats.  You control the supply with algorithm to keep things stable, in decentralized manner.
 A normal crypto with unlimited supply could easily be turned into stablecoin if you could control the supply automatically. You keep the supply locked and price stable... when demand increases, part of the supply is unlocked and sold at the stable price, when demand decreases you lock or reduce supply. This  repeats automatically depending on demand/supply.
2637  Economy / Gambling discussion / Re: Multi bets vs single bets on: November 10, 2020, 09:12:10 AM
Sure, multi bets means higher odds of risk but also wins as your spread is greater. Even in cases where you have the house edge while the risk is greater simultaneously you also push up your odds of winning. This is a strategy in itself and if confident I can imagine to work reasonably well.

Thus, if a player doesn't feel comfortable with the idea then best not to practice it. Only copy and implement things you know will work based on knowing how you strategise and play. Better still go with the experience rather than the hope of winning. This way you will be disappointed less  Wink

Exactly, the whole point behind using multiple bets is to minimize your exposure to risk by choosing many different teams/players instead of just one...

Not just choosing many different teams/players, but teams with strong chances of winning, based on the bettor experience/knowledge/research. It'll be better to spend lots of time researching about the teams a bettor wish to bet on. This should minimize the risk for the bettor... And as the risk is reduced the bettor could aswell increase his/her betting fund a little bit. But bet with little/small amount if the risk is too much
2638  Economy / Gambling discussion / Re: Casino workers forced into unpaid leave on: November 10, 2020, 08:47:18 AM
I guess the government depends more on visitors from other countries for the revenue earned from casinos?
Well, I wish government could focus more on having good/safe gaming or casino businesses than focusing on their continuous revenue growth. The focus on having casinos or gaming industry earn huge revenues for countries is probably why they don't impose good standards on lots of them
2639  Economy / Gambling discussion / Re: Did anyone try to "gamble" with ponzi scheme crypto scam services? on: November 10, 2020, 08:25:02 AM
100 percent return is old but new ponzis now introduce higher than that , theres that i see that they offer 400 percent return after the said number of days

 with the huge return that they promise , people will try to find a way to exploit them  .

 there are testimonies before of those who succesfully earn on them , they used the money for good . they bought houses , cars , build business but some got unlucky because they got scammed more after the came back .

Ofcourse. but using the money for "good" does not make the business(ponzi/pyramid)  sustainable and scam free.

You could however make such thing sustainable and scam free if done in right and honest way. I have a grandmother who usually have her workers contribute part of their salaries weekly(or probably monthly), the pooled fund is given to one of the contributors to own. Then next week/month another contribution is made and the pooled fund is given to another person.  This is quite sustainable because they are working, pay from their salaries, every worker always get the pooled fund at known time.  
2640  Alternate cryptocurrencies / Altcoin Discussion / Re: Shove Such crazy Ideas where they belong on: November 09, 2020, 03:34:02 PM
Will be great if the Blockchain for voting is decentralized, and remain decentralized... not built on so called Private Blockchain or any centralized tech based on blockchain.  If you accept the proposal without knowing the details of what they are proposing, you could end up with a centralized systems for national elections.
--snip--
Rightly said. There is not a single blockchain in existence that cannot be compromised by someone with enough funds to influence the outcome. While I would bet my satoshis on bitcoin if such a time was to come, even then, when the thing at stake is "democracy", you can never fully rely on technology.

I think a decentralized & good Blockchain for national elections will be quite difficult to compromise if everyone/most voters run full nodes, the Blockchain is well decentralized, very transparent, immutable, anonymous, etc.
To make it much safer, you could combine it with manual voting... You vote through your device on a shared Blockchain then your vote is printed out from authorized printer on the election venue, you verify your vote and cast it in the election box/material

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