Rather, it looks more like a rush (as in getting high from drugs or weed). When you are losing money and start to chase losses, this can hardly be construed as fun anymore. And that should be used as a fine line to distinguish between real entertainment and when it turns into an obsession (read, you mustn't cross it)
Well I guess something that makes one happy, or gives enjoyment can be considered fun Drugs can also make one happy Even though the effect wouldn't be lasting, and in the end you will have to continually use them just to feel more or less normal again. Would you call it fun? I guess, no. In this fashion, we can't consider being high as being happy or offering true enjoyment. Yes, casinos can offer fun and enjoyment but that depends on you and your attitudes. Put shortly, when you get hooked, it is no longer fun Ofcourse. I think it depends on whether what makes you happy is good or bad. That's why it's important we derived our happiness from good things alone. There are certain fruits and vegetables that lighten ones mood and create a happy feeling. Fruits/vegs are generally good for our bodies especially when consumed the right way. They do other good things to our bodies beside creating that happy mood. Or they have more advantages than disadvantages/side-effects. The disadvantages are normally very little or very negligible This is unlike lots of synthetic drugs and other bad things that create the happy feeling. They typically have more disadvantages than advantages, and most likely killing their users gradually. They are bad. |
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Those little-capital, big wins are quite interesting. I wonder if the winners won that with just one small bets at a time or multiple small bets in short time. That will be interesting to know. The little-capital, big win will probably be very rare and difficult for a bettor to win if it is once in a while hard/difficult bet. Wonder if it is won by skills or just luck.
I recently turned less than a dollar into 0.1btc win from the Sportsbet.io Multimaster competition just this weekend. So it can be done with such little capital to get 100x from it. Just takes a little luck and faith in your own predictions.  Interesting. I guess by "a little luck" you mean it's not entirely based on luck? That is typical sports-betting, I think. Sport betting is normally skill-based game, depending on the bettor skill though. If a sport bettor has no skills, I guess he/she will be depending on luck. Congrats by the way! |
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. ..
I guess the "1 in 13,983,816 chance" means it is very rare or difficult to win the Jackpot (had to google the meaning of jackpot to understand the word well), and this betting sounds like luck-based betting. I wonder if the "chances" is permanently fixed... Can it be adjusted or is it adjusted based on how much money a bettor is betting with? Looks difficult to win. I see why stakers will stake on betting platforms that is experienced or skillful at attracting players It's refer to a jackpot win in a ( 6 / 49 Lotto game ), They run three lotteries; Free-lotto in wich you play with the free ticket you get (one every 8 ~ 36 hours / depending) after using your free ticket you have the possibility to buy more tickets to play, two other but Paying lotteries,, so is yet unclear if in case of a Jackpot win what happen; you lose all your staking, just a proportion !? ??! ! 0.05 mBTC is just the price for the Free-lotto tickets, (after you spend your free ticket), the tickets prices for the two other lotteries are 0.2 mBTC and 0.5 mBTC. So it is not clear how all that is working. Oh, it is even lotto-game... Typically a luck-based game. Losing all your stake sounds extreme in my opinion. I guess something like that would feel safe if the stakes are lost "bit by bit". One of the reasons losing all stake may be their preferred choice is if the lotto-game is very hard to win |
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Trying to understand exactly what the movie is trying to show about Bitcoin.
Did it show the good sides of Bitcoin which is clearly better than fiat currencies, or it just painting it in bad light?
In my opinion, people shouldn't be proud or pleased when something like that happens. Before you know it many people will begin to see a harmless/good thing as bad based on movies like that and not based on fact. You could even convince people to hate or avoid banana by showing them images of criminals eating banana in order to survive during their crime activities.. . Keep repeating similar pictures/videos , they start hating banana and writing/talking only evil about it. And a good thing is craftily made bad just like that
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I am interested in such insurance businesses. I haven't really seen or searched for any recently... Some things need to be put in place in the cryptocurrency world for me to show serious interest again.
I'd prefer insurance companies that are well decentralized and non-custodial. I should be able to control my funds/private-keys and not the insurance companies. Perhaps, my fund should be locked in company's decentralized smart contract that can only be released to me, (not to the company or any unauthorized persons) when agreements contained in the contract are fulfilled after decentralized automated/manual verifications.
In this case, future policy or rule changes by a decentralized company should not affect customers fund without their consent... Stakeholders, customers, participants should consent to the new rules or policies. If they are not available for certain period of time to consent after getting notified, then their funds may be temporarily stopped from the scheme but with all benefits already accrued to them paid. This is atleast more tolerable than having your funds siezed by centralized platforms for not meeting certain new requirements |
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I am interested in such insurance businesses. I haven't really seen or searched for any recently... Some things need to be put in place in the cryptocurrency world for me to show serious interest again.
I'd prefer insurance companies that are well decentralized and non-custodial. I should be able to control my funds/private-keys and not the insurance companies. Perhaps, my fund should be locked in company's decentralized smart contract that can only be released to me, (not to the company or any unauthorized persons) when agreements contained in the contract are fulfilled after decentralized automated/manual verifications.
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Those little-capital, big wins are quite interesting. I wonder if the winners won that with just one small bets at a time or multiple small bets in short time. That will be interesting to know. The little-capital, big win will probably be very rare and difficult for a bettor to win if it is once in a while hard/difficult bet. Wonder if it is won by skills or just luck.
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Well, as long as the semi-centralized is not sold to me as decentralized. Players should be aware that it is not decentralized or it's not as decentralized as the one you claim is Completely Decentralized.
By the way, is the centralized part going to be non-custodial? I will probably consider betting on it if you have something that interests me and if the platform is non-custodial, reputable, secure, easy-to-use etc
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The pork example also applies in this case... would you kill and eat pig meat if you're starving in the forest with your friends and find a pig close by?
I believe the answer would be yes for many in the country that bans the meat.. It's moral to eat it with your friends and survive than to let everyone starve to death due to the country's law on pork. This can be easily proven to be a right decision in any just court.
You're right, if im also in a situation starving to death,then i will also eat the meat. I would not risk mylife following the rules and make my friends suffer in starvation. That is the right thing to do. You break no law by doing what is right... Afterall that is what the laws are intended for... If I were a judge I will commend you for saving your friends lives and get you released immediately. |
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This whole idea needs deep thinking. 1 Peter 2:13-17: 13Submit yourselves for the Lord’s sake to every human authority: whether to the emperor, as the supreme authority, 14or to governors, who are sent by him to punish those who do wrong and to commend those who do right. 15For it is God’s will that by doing good you should silence the ignorant talk of foolish people. 16Live as free people, but do not use your freedom as a cover-up for evil; live as God’s slaves. 17Show proper respect to everyone, love the family of believers, fear God, honor the emperor.  Exactly! Notice the: "who are sent by him to punish those who do wrong and to commend those who do right."Our LORD basically "broke" the sabbath law to save life.. . Saving life is right or good. The blind pharisees did not understand the true sabbath, which is about doing good, living selfless and holy life. The sabbath law does stop people from doing what is right on that day. Living a selfish life is wrong in GOD's sight... that is basically what the law intend to stop on the holy day of sabbath. And it also good to rest on sabbath day in order to be refreshed |
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This is one of reasons a Blockchain/decentralized tech should be as decentralized & light as possible, just in case such global shut down happens... You could simply detach from the large network, continue using your decentralized tech and cryptocurrency/token locally without the rest of global network until it's possible to join the network again. You could also use some physical decentralized tech that can exist completely without the internet. talking about electricity, governments have full control and every year they create more laws to get more control, people can create decentralized currencies and electricity will always be centralized and controlled by governments. Now that does not mean that governments turn off electricity to end cryptocurrencies, because that would affect other sectors, but they can prevent mining of altcoins if they want to
How about the electric generators, or people generating their own electricity without the government? Are those illegal in certain countries? Where I live, lots of people would normally generate their own electricity, have their own well/borehole for water, etc.. I don't see why that should not be so if done safely |
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Depends on what you mean by Proper Regulation. I think proper regulation should be decentralized regulation. You regulate what needs to be regulated in decentralized manner. This will help prevent the centralization of decentralized systems and applications.
Centralized regulated encourages corruption, lack of transparency, secrecy, lawlessness, etc
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Maybe renters could simply adjust the price of storages to certain prices fixed in stablecoins or some stable assets... that will probably mean combining volatile tokens/coins with stablecoins... and you'll even then have multiple cryptos the users/customers can choose from.
You could also just encourage many quality renters to contribute lots storages in order to keep driving down the price via competition, even as the price of cryptocurrency goes up. I think it should be very easy, attractive, fast and safe for renters with many kinds of devices (both small & large) to rent out their storages for this to be possible. You could attract them in different kinds of ways they would find hard to resist.
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The problem with spending money to have fun in casinos (rather than being profitable) is that it can become habitual if you don't have any place to have thesame level of fun. It becomes a disaster spending alot of money and time in casino just to have fun... this is basically what betting/gaming addiction is... you keep losing money and refuse to quit due to the fun. Now imagine you're having the fun while being consistently profitable in your bets/games, that will be tolerable I wouldn't call that fun Rather, it looks more like a rush (as in getting high from drugs or weed). When you are losing money and start to chase losses, this can hardly be construed as fun anymore. And that should be used as a fine line to distinguish between real entertainment and when it turns into an obsession (read, you mustn't cross it) Well I guess something that makes one happy, or gives enjoyment can be considered fun. That's basically what alot of games or casinos give their customers. This is why some or many get hooked for a long time to keep enjoying the games even though they may not be profitable. The problem with this is that if those kinds of games aren't developing people the right way, or making them to be profitable/productive, they become problems...one of the problems this casuses is addiction. |
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Haven't gone through the article yet but am wondering if spending/losses happened on a single day, or multiple days/months/years? And does the article also factor in the deflationary nature of the cryptocurrency or token the player was betting with? An equivalent of 0.01 btc bet 6years ago would be worth more now.
Addiction is definitely a reason one would be reckless with money. It can be really bad if you are addicted to bad/unsafe things.
Volatilities also affects the actual amount of value where crypto casinos might already have. But the factor that really hint is the popularities of the house, this venue of gambling already have a lots of gamblers who spend money and since there are numbers of gambler when summing it up it will turned to a huge value. I think the volatility should be clearly stated or factored in to make the whole thing easier to understand. Every detail matters alot. Well, I always recommend responsible/safe betting and not gambling or taking big financial risk in bettings. Bet little, or what you can afford to lose if you are not consistently profitable bettor. |
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Does the bonus happen frequently at 35spins? How frequently? And how about the 350spins...i mean how frequently does the spin gives you the Bonuses? I guess if you really get the bonus frequently at both (35 & 350spins) spins then it could have some predictability to the "randomness". Maybe you just focus more on spinning at 35 & 350 to see if they are part of the answer. Just my opinion. Don't know much about the games
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I just want to share a short prove showing that Fiat is been used more in money laundering schemes than crypto and if people attacks you with crypto's being used to launder money. ...
This is not surprising. Fiat has a much larger volume than the crypto market as a whole. In addition, Fiat has long been used for money laundering and this familiar scheme will not soon be replaced by cryptocurrency. Also, it remains difficult for many to use cryptocurrency for these purposes, if you can do it very simply with Fiat. The main problem isn't really whether they are used for crimes or not... what matters more in my opinion is how to prevent or make them hard for criminals to use without violating the fundamental rights of innocent currency users. This is the problem current modern fiat currencies have seriously failed in... People's other rights are violated to fight criminals. You can fight criminals properly on well decentralized systems/currencies without violating the rights of the innocents |
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Apparently a survey conducted confirmed that 60% of the Investors will rather keep holding their Bitcoins till they die if the price does not exceed 10,000$ Twitter polls are very generic in nature. Do you know how many people participated in it? People often participate in twitter polls because they can do it with just one click and they don't have to dig deeper on the subject. This result would have given a whole new meaning if Coinbase had done it with people holding cryptos in their account. A lot of people would still have left but at least we would have got the perspective of the crypto holders. With Twitter, it can't be ensured. I mean, it literally makes no sense to hold crypto if price doesn't go beyond 10k for the rest of life. If we can't use it or unleash the power of money, it makes very little sense to have it in the first place. Very foolish thought! True. The current methods of sampling opinions via polls aren't really the best, in my opinion. They are poor ways of sampling right opinions about things. If you ask people questions on certain subjects, try to make sure they vote & add some comments below their votes, so you're sure they understand what they are talking about and possibly rate them based on those opinions. And you'll need to place list of good rules/principles their votes and comments should be based on... Or what the voters must not deviate from. To reach better consensus on something, serious polls should be taken seriously and done right. Voters should be well informed on the subjects, and they should be voting based on the right reasons, not false emotions and lies |
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First posted the quote (below) here: https://bitcointalk.org/index.php?topic=5262455.msg54806828#msg54806828It's really unfortunate what happened on the site. I just don't think it's a good idea to store important things in such centralized setups. It's too risky. People should be careful how they view the hack on Twitter. If such an important social media is well decentralized, the hack won't be happening at this scale. I mean, how can such important personalities have their private stuff and password not controlled by themselves? Hacks like this could be frequent occurrence on centralized system anywhere in the world. It's just that some site owners/nations are more transparent/open about them than others.
Well decentralized systems remain the best way to make things safe and secure. Companies, businesses, organizations etc should be seriously considering moving to "well decentralized" systems. True crypto world and crypto users are seriously moving towards that direction. That is basically what Bitcoin is about. It's also moving towards that direction... it isn't there yet.
It's really unfortunate that Bitcoin and crypto get involved in this. I don't think true Bitcoin/crypto fan would do such thing if they understand the wrong impression it will create about Bitcoin/crypto. It's something people that are "anti-bitcoin good principles" would do...,. The network is made of good community/communities that believe in the principles guaranteed by any "Just Country" on Earth . Principles like, transparency, decentralization, security, immutablity, censorship resistant, community consensus, good rules, privacy, freedom to control our money/assets, etc. Which Just Country on earth does not guarantee those principles to law abiding people?
Becareful not to ever let go these important rights. Don't hand them over to centralized systems.
If they could convince you that things like Bitcoin or other decentralized tech that run via community consensus (more like true democracy) are full of criminals, they can get you to handover control to dictatorships (centralized powers).
Hopefully, with the way the communities are currently developing, we should be able to prevent bitcoins from going into proven crime/criminal addresses via laid down rules/consensus. It should be possible to gain acess to just the private keys of the criminals' addresses and recover the crime funds(this should be done via consensus). We can't leave the rest of the community vulnerable because of few criminals. We always have the problem of "few criminals making everybody look bad" situation in every country, right?
So let's keep improving Bitcoin and others, to help them/us achieve the goals of true decentralization. |
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People should be careful how they view the hack on Twitter. If such an important social media is well decentralized, the hack won't be happening at this scale. I mean, how can such important personalities have their private stuff and password not controlled by themselves? Hacks like this could be frequent occurrence on centralized system anywhere in the world. It's just that some site owners/nations are more transparent/open about them than others.
Well decentralized systems remain the best way to make things safe and secure. Companies, businesses, organizations etc should be seriously considering moving to "well decentralized" systems. True crypto world and crypto users are seriously moving towards that direction. That is basically what Bitcoin is about. It's also moving towards that direction... it isn't there yet.
It's really unfortunate that Bitcoin and crypto get involved in this. I don't think true Bitcoin/crypto fan would do such thing if they understand the wrong impression it will create about Bitcoin/crypto. It's something people that are "anti-bitcoin good principles" would do...,. The network is made of good community/communities that believe in the principles guaranteed by any "Just Country" on Earth . Principles like, transparency, decentralization, security, immutablity, censorship resistant, community consensus, good rules, privacy, freedom to control our money/assets, etc. Which Just Country on earth does not guarantee those principles to law abiding people?
Becareful not to ever let go these important rights. Don't hand them over to centralized systems.
If they could convince you that things like Bitcoin or other decentralized tech that run via community consensus (more like true democracy) are full of criminals, they can get you to handover control to dictatorships (centralized powers).
Hopefully, with the way the communities are currently developing, we should be able to prevent bitcoins from going into proven crime/criminal addresses via laid down rules/consensus. It should be possible to gain acess to just the private keys of the criminals' addresses and recover the crime funds(this should be done via consensus). We can't leave the rest of the community vulnerable because of few criminals. We always have the problem of "few criminals making everybody look bad" situation in every country, right?
So let's keep improving Bitcoin and others, to help them/us achieve the goals of true decentralization.
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