SwC is a very good platform, Let's say it again: SwC is dead. Those who bought the site from previous owners is not interested in anything except making money from rake and fees. So SwC decreased in numbers of players. No one from old players I know doesn't still play on this site. It's an end game for SwC. Previously i have played many poker tournaments on SwC and was lucky to win some rounds also and participated in the free bitcointalk freerolls also but after that i also take a break from all this and have not visited the site from long time and no discussion about them as well so most probably the user base has declined for them as well.This is the rule that if you don't go with the trend you will not survive the market for long term and usually will end up your business. I only got to play SwC for a short time before it got shut down but it was amazing to see a poker site with a strong fan base dedicated to crypto - nowhere else seems to have come close and maybe the skyrocketing price of Bitcoin puts very strategic thinking poker players off gambling with their coins. Somewhere really needs to make it easy to buy Bitcoin with fiat as easy as an exchange and that would break down one barrier stopping players. However it will cost a lot of money or some very savvy marketing to draw in enough players to keep going - poker sites can very quickly die off unless you can keep them busy 24/7. |
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Cryptocurrency is increasingly getting into our everyday lives! A congressman in Brazil has recently proposed a bill to allow Brazilian citizens to choose whether to receive their payroll in cryptos or in fiat. If accepted, it will be an important step forward to total Bank independence. Are you guys hoping for the same to happen in your country? I'm not sure how much traction this will end up getting in Brazil but if it does then it opens up a huge untapped market that will be a major boost. While these are certainly headline capturing announcements, I fear that it is all about getting popularity for these individual politicians after they've seen how being controversial can get votes. It needs thorough thought by the central bank of any country, rather than just pronouncements by publicity whores. It can work as long as it does not add any extra costs to the current model and would be beneficial to a big enough percentage of the population who might be struggling with the original banking system - security will also need to be well thought out. |
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From self evaluation and the evaluation of a few gamblers around me, i have observed that over time due to gambling activity, some characters worthy of emulation have been unconsciously developed by some.
Some of the characters that i have observed from the life of a few core gamblers around me and myself are;
-Development of Risk taking ability; to win big in life, you must be willing to try, and gamblers have so developed their risk taking ability.
-Development of the ability to quickly let go of things and move on; Dwelling on the past and the possibility of "what could have been" is really not healthy and it can weigh you down and distract you from "what can be". Though not so easy, gamblers have developed this ability to easily look ahead from the "near win" of yesterday, to try again today.
-Positive mentality (that is always believing that everyday we gamble, it may just be our lucky day for the big win).
- Consistency/ Not quiting attitude; Always trying regardless of previous results.
If you see yourself as a gambler, i implore you to put yourself in perspective and please share any positive trait that has been developed in your life as a result of gambling.
PS: The purpose of this discussion is not in any way to encourage you to gamble more, but a pointer to show that amidst the dark clouds, there is still a silver lining.
People ultimately need to identify what they want from gambling to be content. Some people are super intelligent and play games like poker, where they are able to eek out a small edge over the long term against the house and many other players, based on skill. Other people are content with gambling for fun, with a controlled and reasonable budget, where generally they lose but they win enough that the losses stay relatively small and it's a price they pay for the thrill of this type of entertainment. The last type are the problem - those who chase losses, thinking that future bets are in some way tied to previous losses (had so many losses this next one must win) and put in way more money than they can afford (damn, I just wasted the rent). It's generally the last one that need to hold of gambling forever and find something else that is less likely to ruin their wealth and health. |
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In some ways this can be seen as a bad sign because this is often what happens before a massive downturn. Just look at all the hype about cannabis companies a couple years ago and the many startup bubbles before that, back to the Dotcom bubble era and beyond). However it is hard to gauge whether it is "overdone" because there is so much cheap cash and credit sloshing around the world right now. Even if these startup companies are potentially receiving too much money, it would not necessarily be tied to the long term value of the underlying asset - the blockchain, Bitcoin or various other cryptocurrencies, it just means a few company investors might get burned. |
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They might have use cases, but they will almost all revolve around making money for the club at the beginning. There are a lot of football/soccer fans out there who see crypto in the news but have never been drawn into it yet, but if their club tells them their is a special currency connected to them - they might buy it blindly as a supporter. In future it's likely to have a lot of novelty uses, it could be used to give discounts in a club shop or being able to buy special tickets. There are many uses but all will be localized towards the club and stadium, however there is a mass appeal because many have fans from all over the world who always want to feel closer to the team. |
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https://www.fi.se/en/published/presentations/2021/crypto-assets-are-a-threat-to-the-climate-transition--energy-intensive-mining-should-be-banned/''We therefore call for: 1. The EU to consider an EU-level ban on the energy-intensive mining method proof of work. There are other methods for mining crypto-assets, that could also be used for Bitcoin and Ethereum, that are estimated to reduce energy consumption by 99.95% with maintained functionality. 2. Sweden to meanwhile introduce measures that halt the continued establishment of crypto-mining production using energy-intensive methods. 3. That companies who trade and invest in crypto-assets, that were mined using the proof of work method, cannot be allowed to describe or market themselves or their activities as sustainable.'' ''A ban on the proof of work mining method within the EU could be an important first step in a global move towards a greater use of more energy-efficient crypto mining methods.'' This is maybe the biggest impending threat towards Bitcoin right now, if some big countries start to administer bans on the basis of high and inefficient energy usage then it could really start to go downhill. If the whole EU were to implement the ban then it is quite possible that many other countries could follow suit. It's interesting that they mention Bitcoin transitioning to renewables as being a problem, as it takes away that capacity from their "essential services" when in fact it could be causing more renewables to be installed than they might otherwise have. Any country that implements such bans has to walk a very fine line because it could backfire massively. |
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Hey everybody,
Dice games have entertained us for centuries. They are fun, exciting and easy to play.
And you don't need a huge bankroll because a small amount is all it takes to enjoy dice games.
But did you know that there’s a secret bet that can be used to double your dice game rewards?
Unlike making a bet before the game begins, a hop bet is placed while the game is ongoing.
Hop bets: How do craps hop bets work?
If a player thinks that a certain combination will appear on the next dice roll, he/she will tell the dealer that
they would like to bet on that particular number on the crap hop bet layout. For example, if a player thinks a 5-5
will appear on the dice, he will say ‘5 and 5 hopping’. If the same number appears, the player will take home crap hop bet payouts.
In some instances, players can wager on a hard pair that can generate higher payouts.
For example, you can tell the dealer to wager on a 4-4 or a similar number as long as it's a pair.
However, you should note that there are different payouts for this type of wager. Additionally, double-check with your casino
because usually a hard hop is only allowed to be placed once every round.
Different dice hop bets you can wager on
Hop bets have several wagers that you can take advantage of. Depending on your skill and confidence, you can try out these
crap hop bets while playing craps. Here are some of them:
Tips to make your hop bets count
Check the percentage before making a bet
Before placing your wager on dice hop bets, make sure you check the percentage of the combinations since there are
certain payout percentages you can receive. Additionally, look for combinations that will likely appear when the dealer throws the dice.
Try hard hops if you want bigger prizes
Hard hops are high-risk wagers but they can give you higher payouts if the combination you choose lands on the table.
Despite the risks being higher, trying hard hops once in a while can yield some nice returns.
Just make sure you don’t become careless by placing high wagers you can’t afford to lose. Additionally, don’t forget to check
the percentage value you can receive because each combination has a different hop bet payouts and probability.
Try different combinations
One of the best ways to take advantage of hard hops is trying out different dice combinations. If you’re feeling a little bold,
you can try hard hops. Meanwhile, if you want to stay on the safe side, you can try easy hop combinations.
Each hop bet has its own payout percentages you can experiment with to potentially increase your winnings. If you’re still a beginner,
you can try out easy hops. There are also double bets, any seven bets and field bets.
Start with small wagers
If you’re a beginner in hop bets, you can start small and work your way up until you achieve your desired wager amount.
This way, you can avoid unforeseen losses.
While dice games are easy forms of entertainment, that doesn’t mean you can’t learn a few new tricks to increase your
leverage while playing. With your new-found knowledge, you can confidently try out different dice games.
Your comments and thoughts are highly appreciated.
Thanks,
Karl from Bitcasino
Source: Bitcasino blog
While you've put a lot of thought into the post and put up some statistics, let's be realistic here - craps does not involve any skill to play and this is simply an extremely high risk extra option in a game where the players have zero control of the outcomes. It's simply encouraging people who are bad at math to spend more money, more quickly and will lose them a lot in the long run. These sort of posts only encourage players to lose more to the intrinsic house edge over time. It'd be better to focus on games where players are not relying on blind luck and have some ability to influence the outcome over the long term. |
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I was told by a source that Mt Gox funds will be released on ~20 November, 2021 on the order of honorable court where the hearing was made. If it's a fact, will 150k btc worth $10 billion enter the market? And should we prepare for a big dump after this happens? The intention behind posting this isn't about spreading chaos but awareness about what may happen if Mt Gox funds will be released. This is a happy news for me, but scary too.
It's a very interesting development considering how long it has taken for them to recover it since the crime took place. However this in the grand scheme of things this works out to less than 1% of the total market cap of Bitcoin at the moment so I doubt it is going to have much of an effect at all. It might dip the market for a few days but I think there are enough financial institutions out there clamoring to buy up any excess slack that it will quickly recover to the previous price. It's more likely to cause a pausing effect rather than any decline in value, but 10 billion is a rather small amount these days and will be absorbed in no time - if the owners even decide to sell that is. |
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yeah, Asian Handicap offers better odds than DB, i guess it has to do with the higher vig in Double Chance and DNB. But here's another example of this "phenomenon"  (from Fortunejack)First one is Double Chance (Home Win or Away Win), second one is the exact same thing but with a different name  Would like to know if this happens in other sports like basketball, hockey, NFL, etc It's definitely interesting to see so many examples of this going on and I would have expected these to be much closer. It makes me think there is room for arbitrage if you have an automated system that is able to spot and instantly take advantage of such mispricing. If you're able to identify these over a long term then it will narrow the margin of profit that the house is able to take from you and that little buffer could be the difference between being a winner or loser. I suspect that football is much more open to this type because it has many more people watching it around the world and the other sports you mentioned have much smaller followings in comparison. |
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Seems like some low-hanging fruit that will allow Twitter to work cryptocurrency into their system and start to learn more about it without going all-in. It's good for wider adoption to see another big name start to encourage Bitcoin payments and will also introduce it to a whole new "class" of people. I expect that they will eventually come up with the ability to buy and store cryptocurrency as it is an interesting revenue stream which they sometimes struggle to find. Let's hope it is successful, so they will be able to roll out new features and become the biggest social network with full crypto functionality - it will be a great boost for them too. |
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It seems to me that it would be safer (and more convenient) to keep your crypto on an exchange (coinbase, blockfi etc) than cold wallet. Wouldn't the odds be greater that you mess up your cold storage than a large exchange being hacked or whatever (even if they are hacked, that wouldn't necessarily mean you would lose any coins, whereas if you are hacked that's a different story). I ordered a ledger nano X but it seems that the exchanges are still the way to go based on probabilities. What are your thoughts?
I think crypto owners have to be a little more paranoid than regular fiat currency bankers. Banks have had longer to refine their online services and optimize their security against many types of attacks. Plus the underlying banking system makes it much easier to track who actually ends up with the money and people generally don't allow their personal accounts to be abused as part of fraud. However exchanges are newer to the scene yet need to have banking grade security, they probably get hit harder by things like DDOS attacks because criminals think it will be easier to hide the funds and we've already seen a few cases where greedy owners/poor security caused exchanges to go down - so being careful with where you store your Bitcoin is very necessary. |
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A lot of cases have been rising in the gambling industry, as gambling become popular and more players and new site are coming up on a daily basis, a lot of fraud cases have been reported some of the cases are resolved and some other never get resolved which have lead to bad reputation for some gambling platforms.
My question is what are the legal procedures to follow in a gambling fraud cases?
Since gambling was created there have been people trying to take advantage of "the house" and it is nothing new. Unless you're talking about very large amounts of money (tens of thousands) then it is probably not even worth it for the casino to try and take the legal route because that has it's own set of extra expenses. The casino would be much better using any further money to lockdown the original problem or figure out new ways to detect fraud being committed against them. If you're talking about players being defrauded, then simply you have to take more due diligence when looking for a place to play - there are lots of threads here and if you flick through the last few pages to see if there are many allegations of bad treatment it will help you avoid most issues (e.g. 1xbit are clearly fraudsters) |
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Apple CEO Tim Cook have invested on cryptocurrency. He has disclosed it in a recorded interview. He mentioned it as part of his diversified portfolio. His investment was from his personal point, and Apple doesn't have any plans of investing/accepting cryptocurrency. This is a big news, and were into discussion around the social media platforms. Majority of the huge company CEO's own crypto. This is a big thing and an indication of growth of cryptocurrency network. Source : The VergeIt's interesting to know, I wonder how many hundreds or thousands of Bitcoin he has tucked away. For people at that level it simply costs pocket change which is quickly replenished from their massive stock holdings that pay dividends on a regular basis. It's definitely true that money breeds more money. Alas for us poorer people at least it gives Bitcoin a boost both publicity wise and by reducing the amount in circulation - as I doubt he will ever empty his Bitcoin wallet. It would be interesting to see how many top CEO's have publicly mentioned owning Bitcoin in a private capacity, or which ones have declared that they are adamantly against it. |
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Industries that are not sustainable, which in most dictionaries nowadays means carbon emissions, are loosing the investors good graces. These activities are considered at risk, since regulations in the future will likely mean that they will have to change or reformulate or undergo serious pressure from regulators.
There has been plenty of literature about bitcoin effects in the environment. While I agree that bitcoin is probably less damaging to the environment than 20 thousand Visa employees commuting to work, there is still plenty to do about the farms and the energy they consume. It may be possible to support green mining over others?
It seems that Bitcoin does have this one weakness when it comes to public opinion - it has relatively high energy consumption compared to established payment networks. Ultimately this will only be solved by the whole world transitioning into renewable energy rather than using finite fossil fuels. It is an inevitability that we will run out of these fossil fuels but will we heat the earth up too fast by burning them before that switch is possible? It seems like a wider issue for us to solve. If the Bitcoin developers were able to somehow (seems impossible) reward miners that were running on more sustainable power sources, then that would help, but it may be an issue for another cryptocurrency altogether to crack. |
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This is the surveillance video of the liquor store itself, showing how they stole it.
Maybe this will be the new trend for criminals, breaking and stealing Bitcoin ATM across US.
Hopefully the public can help identify this crooks.
If America is anything like my country then we're probably going to see a lot more of these Bitcoin ATM heists in future. Demand for cash is falling as so much technology is allowing us to either pay through our phones or using contactless card technology. It's very helpful in a pandemic as well because it minimizes touching any surfaces which might be able to spread a virus between people. That means that traditional ATM's are going to be less needed in future and may start to get removed, however cryptocurrency is creating a high demand at the moment so we're more likely to see standard ATM's replaced by these Bitcoin ATM's. Any little bit of publicity will help it grow even further  |
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Basically what happened is that Sky Vegas sent promotional email to previous clients that had opted-out of this, now while this many not seem like a big deal, and most of the time it is not, a number of those that received those emails were recovering addicts doing their best to stay away from the temptation to gamble again, an offer like this could be what they needed to go back to the addiction they were trying to overcome, so while I have the tendency to think this could have been an honest mistake it is still very worrying that something like this can happen as it could derail the recovery of those struggling to control their gambling. https://www.standard.co.uk/news/uk/gambling-commission-b965600.htmlUnlike some others here I think that it should be rather simple to exclude people who have opted out of receiving such emails if the IT systems have been setup correctly. Whoever is responsible for managing the marketing emails should be fully aware of who can receive them (if for no other reason but to be anti-spam compliant) before sending out any communications. There should be a simple flag in the database that determines whether an account has chosen to stop receiving such emails and it should be the first thing checked, otherwise you have to assume that they are actively seeking to target these people - some of whom may have gambling problems. It'd be good to see the regulator impose fines and I wonder if they could be based on the size of any bets from those accounts since the emails were sent out (x2 or x3) |
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Hi, I'm just trying to plan ahead here and assuming that we are going to have a bear market at some point in the next couple of years, I would like to try to put my bull market profits to good use. I was wondering what is your strategy to continue making money when things turn bearish?
Whether it's shorting, leveraging, trading, earning interest, finding hidden gems, longing coins that perform well in a bear market, investing in gold or the stock market or anything else, I'm interested to hear what strategies you are planning to use and how you are planning to execute them in order to continue making money. If you made money during the last bear market I would be interested to hear how you did that as well.
Thanks.
Everyone should be thinking about this and aim to spread their money around numerous different assets. Sure Bitcoin could go a lot higher from this point and it's looking very likely, however it is currently at record highs which often leads to corrections. If you just had small holdings of Bitcoin this might be irrelevant, however if you have large holdings of Bitcoin that you've held for a long time with few other assets - then selling off a portion to buy property, stocks or just having a nice amount of cash would be a prudent idea. As you suggest, it is a matter of when and not if, Bitcoin will turn bearish again at some point as it has done many times before - you can even get more in the buying opportunity presented if you have liquid assets elsewhere. |
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Banks will die crypto will take over in 5-10 years
Why ? They are starting to ask to many personal questions and monitoring people like they are criminals / terrorists etc ...even if they are not ...
Govs want to much control on people...the world is becoming very strange and it all started with 9/11 attacks ... to many coincidences
To many things happened in 2 decades :
Terrorists attacks / Wars on Terror / Arab spring / SARS / Climate Change / Covid / Global trade problems and so on ...
Before 2001 life was normal ...does how are older remember ... now they are not even hidding it / no longer in the shadows what they are trying to do ...
Is it just to take peoples freedom for the "greater good" ? Will people allow their freedom to be taken ?
To me it seems like you don't understand why banks are required, by governments, to monitor activity between bank accounts and it seems quite naive. It is legal requirements forced on them by politicians and the judiciary. Criminals and terrorists are always trying to hide, so obviously they need to use some pretty advanced techniques to find the real sources of funds. I think the opposite of your conclusion, retail banks now are just starting to wake up to the huge potential revenue source that cryptocurrency offers and they are all going to try to copy the Paypal method - where Bitcoin purchases are funded by customers but kept within an enclosed eco-system where they can charge their own fees. |
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It will be the same as other VR games out there, I feel like the only difference is that this one is backed by a big tech companies. To be honest, I think that this is a useless one since we have VR chat already so why not capitalize on the existing technology and innovate there or even create your projects there. Also, I feel like gambling is going to be one of their main interests since Facebook doesn't support that in their platform then I don't think that in their Metaverse will it be any different.
It's basically going to end up looking like a grand theft auto type world - where people go crazy and get to pretend they are living like a billionaire, flying round in executive jets or driving their Bugatti's. We already saw something similar with that virtual world called Second Life and the dozen other iterations before it. The concept is far from new, but Zuckerberg has a lot more money to throw at it (seems like a rather wasteful project) and the ego that will force it to be created. I'm guessing he considers his legacy tarnished now with all the bad press around Facebook, so he wants to branch out into this new idea and simulate a virtual world instead. |
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At first, the headline elicited a "what?"
Then I read this:
"Swedish regulators believe cryptocurrency mining will prevent the country and the EU from complying with the Paris agreement on climate change
And again "come on"
But then it turned out that officials called for a ban in the European Union for mining cryptocurrencies using the Proof-of-Work algorithm.
In general, okay, Ethereum developers are already planning to abandon PoW in favour of the Proof-of-Stake algorithm, what will happen with other coins, will they also switch to a new algorithm or will they blow off these news?
Maybe you should include a link to a reputable news article if you're going to throw this out there. If it were to be true then it sort of fits in with the Scandinavian mentality of responsible and long term thinking (in comparison to other countries). If Bitcoin is to become a solid global e-currency then it really does need to address this issue, but it seems impossible at least until all the Bitcoin are mined and it turns purely into transaction network. There are much bigger environmental issues that could be targeted before going after cryptocurrency, but I can see the EU politicians going after this easy target - compared to say figuring out the oil/gas issue. |
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