Economically speaking it looks like it is very difficult to remove cash forever, it looks like it could be impossible to do something like that because cash itself is the reason why banks could put money into their vaults and say that they have some money but in reality they are spending way more than what they have in their vault.
However technologically speaking we are talking about a situation where the world is improving constantly and that is why I feel like there is a huge chance that people may not actually use cash forever. I don't know which one will prevail, maybe there is some sort of situation where people would actually use cash even 100 years later, maybe there will be a situation where everyone will stop using it and start using something totally different.
|
|
|
I can't speak on behalf of over a billion people, we can't know that and there is no way to calculate a whole nation like that combined, unfortunately when you generalize a whole bunch of people together, you could always be wrong, there are individuals there that you do not take into consideration and that is why I do not support the notion of making specific generalization.
I however do not mind making the globe as an example, because in that sense you do not generalize anyone, you generalize a whole species (humans) and that is never racist or anything, you put everyone all different into same pot instead of saying just Indians or Americans or anything, you say all humans. And I believe all humans will become both more progressive but more conservative and that is how it works.
What is "progressive" today, like green world, equality, police brutality and so forth, all will be conservative thoughts in 50 years, they will be already done and achieved and succeeded, there will be even more marginal progressive thoughts in 50 years, those will be the progressives, but of course we can say the whole world will keep on progressing.
|
|
|
I feel like the entertainment about the premier league doesn't really reflect into FA cup, I have no idea if there is viewership numbers of them and so forth, but if you check how much the games are watched in premier league and how much the FA cup is watched, I can bet that FA cup is definitely lower. As a foreigner who likes to just watch and do not really support any team and only support the teams I bet on . I feel like I do not even care FA cup even with this situation, like it is still betable and I am not entirely sure that anybody could argue that you would even have to watch the games, just bet and move on, yet when it is FA cup it is just too boring and I do not even bet on it. I really can't wait for the next season though, it is going to come very fast and we will start seeing the games in just two months I think. Pre-season will start literally in couple weeks.
|
|
|
A cashback program is definitely attractive for those that have played for a long time on a casino or for those gamblers that know that they have the funds to do so, but for the rest of the gamblers that are the majority this is not an attractive offer, maybe a casino could offer something like free spins to those users as in my opinion it is a better option than welcome bonuses that you need to bet time and time again before you have a chance to make a withdrawal.
Why is cash back not attractive to you? The more money a player bets and plays, the more money they return to their balance. It turns out that the bonus here depends on the size of bets and their number, which is quite rightfully. I don't know about him, but I will tell you why I hate cashbacks. Basically cashbacks means you expect yourself to loose money to get any sort bonus because cashback itself means a part of the cash/coins you lost you get back from the casino and that is good for those who bet big and loose big but for those who are winning or at least not wagering much they would never like the cashback's being offered because no one wants to expect themselves loosing and then getting cash back. In simple words, you need to loose to get something so how is that a bonus?
|
|
|
Dice is an EV- game and there is nothing called strategy in an EV- game. Strategy can be applied to EV+ games because your skills become important there like poker but in any EV- the long term outcome is a loss for the player. Unless you are wise enough to withdraw on a profit you will lose if you keep on playing. Most non-pvp games are all EV- and they are what most addicted gamblers are attracted too.
Agreed but you can't deny that there are strategies which though work against a constant edge but martingale, paroli,etc are examples of those strategies. Winning and loosing can't be determined with these strategies but like he said, you can survive much longer with strategies while doing double or nothing have the same edge but you will bust quicker. I've seen dice players who have made millions of rolls and are still profitable That is called survivorship bias. Read about it if you have not already. Few people who win cannot be compared to the million people who have lost. Absolutely and in my life, I haven't seen anyone winning from dice who is at least playing for 6 months regularly because I do have some friends in dice sites but all of them are negative and there is hard to find a single player in profit so the constant edge acting against us is always going to ensure loss.
|
|
|
Well, I feel like there are two things about Trump not liking the vote in by mail that causes him to try to change that. First of all, he is a dude that believes his close friends and whatever fox says, and it is a cycle as well, dude has a thought and says "mail voting is bad" or whatever and fox takes it and makes it even more huge, finds details of why it is bad and why it should be banned and all that, he watches them and eventually dude believes it even more, so he is an idiot that will take whatever you say that is good for him and run with it.
Secondly, lets be honest, people who vote by mail are more democrats than republicans, republicans see voting like a civil duty and go out and do that and be proud about it, whereas democrats could email their vote in if they can.
|
|
|
Honestly I do not use bittrex anymore because the GUI is not as good as binance, but I do trust them, the KYC thing is never a problem for me because I did give my KYC to binance as well, they have all my information and my picture and everything, I do not mind it. I know who I am and I know who they will share, if anyone wants my information from them I would be fine with them sharing it, I don't care.
So, it is not KYC reasons why I quite bittrex, I did moved to binance long before bittrex started to ask for KYC, binance also doesn't ask it if you are under certain level and I am under that certain level so I didn't had to do KYC and yet I still did. Long story short, KYC is not only reason why people move to other places, there are other reasons why they could move as well.
|
|
|
The difference between this and hedge funds and so forth where people give money so they could do some stock trading on their behalf is the fact that if you do not follow through with bitcoin funds, you are probably not going to be jailed unless you did it for a ton of bitcoin that worths upwards of 100 million dollars or more.
So, if you can find that much money to invest, I am pretty sure you are going to be legit, like start a company and pay taxes and all that, if you do not do that and if you lose peoples money, you will be jailed no doubt, they will definitely find you. In my national section here on bitcointalk people did that a ton, and in the end it became a very bad taste thing since everyone lost people's money, nobody continued to profit all the time.
|
|
|
I think the consistent starting deck means that your site can't undetectably cheat using Shufflepuff, which is great for a strong provably fair system First of all, AMAZING name to call it shufflepuff . Secondly in a lot of "provably fair" situations, we have to trust the casino as well, that is a new version of provably fair that I am not very interested in and happens a ton. There is this method that shows how it is provably fair if the casino doesn't go against you personally, like dude... that is literally why I want provably fair, to make sure casino doesn't have anything against me. It could be different way or it could be anything similar but "provably fair" word is thrown around at everything nowadays even when it is not really provably fair according to me. Thank god blacjack.fun is not like that, at least as far as I know it is not like that, I don't know if anyone went under the hood and checked it but I like places that are actually provably fair.
|
|
|
From what I see, he needed 76% to reach the next level, not about the rake back amount.
@baxterx I don't think anyone will be comfortable giving you advice to gamble (in a public forum).
Ah, thanks for the clarification. But, the reward system really made me confuse a few days ago I'm doing a bet around 400-500$ wagerin and only can get 1$ rakeback. So don't really know, how the reward system give even they already give us a percentage roward. Could be on this new rooward system the 5%-10% spilited to daily, weeks and month claim. As I have stated few posts before this one, support has clarified that there are some other variances include to count on your rakeback from rooward so that number might be different from other account with similar wager than yours Also your $400-500 wager count separately for daily , weekly and even monthly so you could claim three times with that wager. Probably you could be getting around $5 - $10 for that wager if you combine the whole number after you claim it till monthly rooward I would say it should be a public information on what you can get with the roowards, if it is not public and you can't calculate how much you are going to get back, that is not really something anyone would focus on and it would be a bit shady I am afraid to say because this place is not shady at all and decent. I would say if they could put the calculation of how to calculate your rakeback, that would be great, people should be able to calculate their rakeback before they do anything so they could know how much they are going to get back. If you do not know your rakeback and you just play willy nilly out there without a care, you are not just gambling, you are risking as well, because you have no idea how much you will get or how much you will lose and you don't know if you are profiting or not.
|
|
|
Everything so far looks like it is quite possible, if the improvements on the infrastructure of bitcoin and the hype around it that it could be potentially a world poverty ending type of deal continues, there will never be a stopping of bitcoin, sure there will be times when it slows down, goes down and so forth, but in the long term bitcoin looks like it will always go up.
Look at the situation right now, it is actually doing quite awesome and I do enjoy the increases, we are above 11k and that means we moved 2k so far already, and if we get another 2k that is 13k and another 2k that is 15k. Considering it took us only 3 days to move 2k, technically speaking same 3 days 2 times more and we are at 15k, we just need less than a week to reach to that 15k level if we do go up that much.
|
|
|
The price can't continue to sustain this increase forever without a bit of correction and drop. There are way too many people who have bought between early march and late may, those people are all in profit right now, even people up to late June and most of July are in profit right now, that means some people will eventually say this much profit is enough and they will sell their coins to realize that profit.
Obviously this won't be everyone, but the ones that does it could cause some sort of correction, with one big seller it will have a snowball type of trigger where it will lead to a lot more people to sell. However, I believe (and hope) that the correction will be a small one and it will eventually lead to some sort of recovery after the correction to even a higher level than what we are today.
|
|
|
Pump and dump is not really all that different from what investors wanted and was looking for, not only because it has pump in it but because it is inevitable most of the time.
Pump and dump usually means that someone pumped it to make a profit, then they will dump it when they are done, so a knowing and willing increase of price without care of its demise after it is dumped, but bitcoin can't be like that, there is too much money and too much people involved.
However it could mimic pump and dump, which it has for a long time, when bitcoin price goes up because people think it should and they buy it, however there are so many people who also own bitcoin as well which think the price went up enough and they would like to dump their coins for a profit which is not a wrong thinking. Totally different people, totally different reasons, but when you look at it, it "looks" like pump and dump.
|
|
|
Not that last time, the last time we went over 10k was the time in may when the price went from 4k to 10k eventually after the pandemic drop, so we did reached to 10k and then dropped to 9k and stayed there for around 50 days. It was between 9k and 9.5k for 50 days and right now we are looking at it over 10k once again. Sure the pandemic drop made sense but the last one in may that saw us at the same price for 50 days didn't make sense at all, at least to me.
Fortunately we are all above that now and doing great. It is bitcoin obviously and could drop without any reason at all and I hope that doesn't happen but at the same time I am thinking that there is a chance that bitcoin could not only go up, but go up insanely high right now, everything points out to something like that.
|
|
|
Some people make the mistake of thinking that altcoins are better than Bitcoin in the beginning, and as time goes on after they have invested their money in altcoins they start noticing some huge differences and seeing Bitcoin performing better than the altcoins they have invested in. When they start seeing these changes they are forced to sell their altcoins and invest the money in Bitcoin.
So, it’s always best to have this thought at the start, and know if you’re ready to hold that asset for as long as it takes. If you want to buy Bitcoin, then plan properly, invest at the right time and wait.
|
|
|
This post is just to complain, i remember in the past - a year ago - a 10 Gwei Gas price would have your transaction confirmed in few minutes. Now it takes days... Average Gas is now 30-40 Gwei. We recently paid 5$ on a contract with 10 Gwei Gas price, it has taken almost a week and the transaction still not confirmed, meaning can be rejected ! At least in bitcoin it's all transactions, and it does not pretend to be a chain for deploying or interacting with contracts!
This is a scalability related issue. Most of the people in crypto already face this all the time when there is a hype and number of transactions take place on daily basis. The blockchain cannot handle the transactions at low cost even during hype rush and people talk about mass adoption as a currency (in which case it’s going to be thousands time worst scenario that what presently is). All the above, I think that the average gas price has just shot up to 97-100 Gwei. I just read a post of a guy who’s 11 ETHs have been stuck in a transaction because he paid lower gas price (25 Gwei). Ethereum team should focus on this situation and reduce the fees.
|
|
|
None for me, crypto predictions can be very misleading so I don't bother to make move because I heard of a prediction even if it's from a pro predictors, In the past Ive learned that predictions aren't always true
That’s true. Predictions can be very misleading and create over hype which is not healthy for the market. Many well-known traders predicted in 2019 that Bitcoin price will cross $20000 mark by the end of the year but here we are with Bitcoin standing at almost 11000$ mark in third quarter of 2020. Predictions are just speculations or views of different people on the different crypto currencies (or the whole market in general).Therefore, no reliance can be placed on any such information. You make your move by doing research about the coin you are about to invest or trade in, by seeing its upcoming updates, short and long percentage, pattern, past movements and most importantly your gut feelings.
|
|
|
It’s a good news, not really about getting new investors, but because it shows that the government has fully recognized Bitcoin as a legal asset. Although that will also mean that they will now have their eyes on cryptocurrency and would love to regulate it and collect taxes and all that. That’s something don’t want, most of them wants a means to earn and evade paying taxes lol, sometimes taxes can reduce your earnings to a ridiculous amount and some people don’t want that.
As for that attracting investors, I saw some comments that it doesn’t attract investors. Nah that’s not true, there are lots of investors waiting for something to prove that Bitcoin is legal, and now they have it and will now join without fear that Bitcoin is a scam.
|
|
|
Population matters much on a country's economy, but rather than population the productivity concerns big in my opinion. Just think of the United States Population. It stands third in terms of population, but the growth it has achieved is big. This means though the position is third in population, the difference between the second position is more than 1000 million. So USA has got higher productivity with the less population. This means governance too is a big factor in the economy growth of any country.
When people are asked this question they usually mention a lot of things as they cause of the rise and fall in economy of countries, but I usually point out to governance as the most important factor that contributes to the rise and fall of an economy. The government can have serious impact; if the government is not doing the right thing it reflects immediately in the country’s economy and you will notice that it starts rising, but when they start doing the wrong thing, it becomes the opposite of that. There are things that the government are meant to do that will help economy’s growth.
|
|
|
I do not think there needs to be any reason to move from one sector to another sector, if you want to you could do that at any point, pandemic or not.
I was working in hotel business for example and during that period I really hated it, thank god I am not doing that for the past 3-4 years now but can you consider how my friends who are still doing that got affected? I mean we are talking about a period where everyone was afraid of getting Covid or infecting their loved ones and they still had to go most of the days and that meant they were basically risking their lives to make some money.
About 3-4 years ago I decided I do not want to do that anymore and moved to another business, now I am working freelance and I am feeling much better about it, there wasn't any national or global crisis, I just wanted to change and I did. So, I support OP if he wants to change as well.
|
|
|
|