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3221  Economy / Trading Discussion / Re: Are exchanges evading proof of reserves unsafe for users? on: August 02, 2023, 09:20:02 PM
The big question is,  how reserved is the poof of reserved?

Because just as we have fake trading volume or bot trading in exchange same way exchange can still manipulate the proof of reserves,  and of what use will a proof of reserve be if the exchange declare bankruptcy just like what FTC did in 2022.

The bottom line is never to trust an exchange and does not allow your balance on the exchange to exceed the amount you want to trade with to avoid losing all your money trusting using an exchange as your personal wallet.

Always make sure to keep your funds off the exchange,  even though the displayed proof of Reserved find (POR).
3222  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What's the best Altcoin for this moment to accumulate right now? on: August 02, 2023, 09:12:44 PM
There are lots of altcoins to buy. It's hard to figure out which ones going to shoot up first, however. Some of us buy a bit of this and a bit of that so they won't be left behind.

For me. Doge is the most desirable for me as it's not forgotten still despite how much it dropped and I think the price is fair to get into right now. The more stash you have the more profit you make than just holding 10ETH. Quantity matters because even a small increment in price can equate to huge wins.
I believe that because of the high risk associated with altcoins it is very I hard to give out a guide as to what will make a good potential altcoin for investment and this is something that has indeed led many into investing in shitcoin thinking that their good coins and for that we have to take out extra effort to make personal research on any coin before we put our money down on them and as an investor you have to be able to weight the risk and know what you are in for.

Dogecoin as you mentioned is good but I think Dogecoin has outlived its popularity in the market if you looking for a coin that could give real-time value then Dogecoin should come not in the top 3 of your portfolio but that is my own analysis.
3223  Economy / Gambling / Re: Without money, does it still qualify as gambling? on: August 02, 2023, 09:05:14 PM
Demo mode can actually be used as a learning tool for novice gamblers, even though there are differences between demo mode and live mode gambling, most demo modes make it easier to get big wins as if it had been set to win gamblers so they can increase their confidence before trying the live mode and end up gambling in live mode never tasting a win except a losing streak.

But even so still in my opinion it will be considered gambling using fake money I believe demo mode is definitely useful for new users to test games and gambling to understand how it works even though there is a difference in luck between demo mode and live mode. but there is no difference, it's just that one uses fake money, the other is real money.  Cheesy

Demo account are a big waste of time as using them would only convince the newbie that gambling is an easy way to double your investment. It will convince them to start with big amount after sometime resulting in them losing the principal amount instantly when they play using a live account.

I would consider using a demo account as gambling although real money is not involved but because of easy scenarios being created to give an idea to a new member on how to play a particular game.
I agree with you on that,  demo account can't be taken as being real experience of the games as everything with demo is different from the original game and even the winning ratio,  and that is where most newbies get things wrong because their tend to believe that since they are successful using the demo accounts and winning some of the game, they think it same while playing the live casino games and at that, the always record disappointment since their hopes are mostly ditched since there is a big difference between a demo account and real casino account.
3224  Economy / Gambling discussion / Re: Quit gamble! Easy or Hard? Let's talk. on: August 02, 2023, 08:36:27 PM
Quitting gambling is hard like hell because it has been proven time without number how gambling addiction is very hard to quit but becoming a gambling addict is very easy and this has become almost the frequent challenge faced by many who are addicted or passive in gambling.

I had a personal experience with sports bet lately,  before now,  I always set aside some percentage of my weekly payment to make a few sports bets,  but lately, I have lost consistently and that has affected my set limit for weekly betting and thereafter I find myself always making a new deposit into my stake account when I exist my set limit which I always leave behind in the wallet.

This has made me to realize that most of those who really slid into full addictions are sometimes unknown to them that they already going all in when ordinarily should have exited totally when they noticed such character exhibitions in the gambling style.
3225  Bitcoin / Bitcoin Discussion / Re: Another Fud in the market and bitcoin volatility on: August 02, 2023, 08:26:20 PM
We can't really say that the news whether be it legit or fake/unconfirmed have any significant impact on the price of Bitcoin at the moment since Bitcoin has always exhibited this tendency of dropping in price and that is something that we shouldn't hastily ascribe to a single event to an exchange.

Binance vs US Sec fuds have been around for a while now and to a significant level it impact have already been felt long ago and Bitcoin have recovered from that just like the china ban all all the other fuds and attacks that have graced Bitcoin and its services for such a while now.
3226  Economy / Speculation / Re: Bitcoin - what are we expecting for the rest of 2023? on: August 02, 2023, 07:51:52 PM
The year 2023 has been a remarkable year for Bitcoin as its price has done a significant price movement which has been in the positive direction ever since the year begin,  because before the start of 2023, Bitcoin was struggling at a below 20k region,  but ever since January up until now Bitcoin has been able to recover to it current price above 30k after it touched 35k before correcting back to 30k and have created a strong resistant at that level.

Absolutely true that in 2022 bitcoin did not touch the value of 30k$ but during current year the price was almost 30k$ each month. Now it is something declined in price like that of 28k$ but expert says that it will surely goes towards positive line (40k$).

28k$ is a not a bad cost because those who do not have any bitcoin in their wallet should have the opportunity to be ready for next Bull run. According to estimation those individuals who hold their bitcoin since 2022 will face great advantage once Bull run initiate and I will suggest that its not too late to collect Bitcoin whatever you can.
Yes not too late indeed to accumulate more Bitcoin indeed since the bull run is estimated to be in effect any moment after the halving where the Bitcoin block rewards will be reduced by half which will automatically result in a scarcity of Bitcoin and how it intends to move the price and value forward in a much greater way and means.

Even though the price of bitcoin at the moment is retaining a stable position and 30k has been the benchmark for a while now it then means that anyone still buying Bitcoin at the current market value is still at a discounted range and shouldn't see it as a high price purchase,  but this should also mean that Bitcoin accumulation os best at when the price is low and those that bought Bitcoin at the bottom of $15k in 2022 are in the best position right now and even when the bull market arrive after 2024 halved.
3227  Economy / Gambling / Re: How succesful will AI projects be to win the house? on: August 02, 2023, 06:59:58 PM


The AI must be seen as a help tool for any Process, to be able to finish a task or perhaps to advise on a process, this is what I see the AI as a means of being able to have the Best Option to earn money but as I have Said, a help Tool is Sufficient.

The limitation with AI is complemented by human efforts most especially in casino that requires change of choice and prediction while the game is live and that is something that AI alone won't be enough to handle that since its inscription is to act according to the code,  more also we need to differentiate between the success rate of AI in trading vs gambling since gambling have a system have an anti third-party bot such as AI won't gain any success in casino just as it did in trading.

But also AI may have a negative result and outcome on the player since it may not give them the chance to make a change along the line and if that feature is missing the tendency to record losses in games and bets will be high.
3228  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: August 02, 2023, 04:58:57 PM
The future of Kylian Mbappe is still a topic that has consumed a lot of ink in the press during the past time. He had only one year left on his contract with PSG and refused to extend it. I guess Mbappe and Real Madrid have some sort of tacit agreement, and he's the beneficiary of both clubs. He will play for PSG in the final year of his contract and leave on a free transfer next year. Even Mbappe is ready to stay at PSG next season, whether he has to sit on the bench or not play, but he is determined not to leave this transfer window. PSG will have to give in to him.
Most people are also waiting for what steps PSG will take in terms of Kylian Mbappe's consideration, because on the one hand, PSG must also be able to benefit from Kylian Mbappe if PSG are not willing to accept a free transfer status for Kylian Mbappe next season. Apart from that, Kylian Mbappe's tacit agreement with Real Madrid is also a question of great concern now because Kylian Mbappe himself just doesn't want to stay at PSG anymore after his contract period ends.

Basically, PSG has made a serious move for Mbappe. As has also been stated, PSG wants to sell Mbappe at this moment and or, provide a new contract with a very large fee. But unfortunately, Mbappe rejected all the decisions made by PSG because Mbappe refused to leave at this moment and also, Mbappe refused for the new contract. So yes, PSG at this moment will lose by Mbappe, because Mbappe sticks to his stance to stay one more season and then, Mbappe will leave for free in next summer's transfer window.


I think for Mbappe it's more of the love for the club he presently playing for rather than the money and hasn't had a wonderful outing in the last world cup where he won the cup for his club which is a reflection of his training and skill build from his club and for that Mbbape has will decline any club offer and since his contract with his current club has not expired he may likely be around for another season or two unless the club decide to loan him out to another club to say he will go on total club transfer won't be possible in this current transfer window.

PSG has been a wonderful club for most of the players that were signed under them in the last few years and the club have become a big market for other clubs to shop for new and vibrant players.
3229  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What's the best Altcoin for this moment to accumulate right now? on: August 02, 2023, 04:42:10 PM
PAWSWAP is currently the cheapest technology token, suitable for bottom hunting
You can go to the official twitter to find out
Pawswap really looks great for investment since it is the lowest gem right now and this network is still very new and promising for long-term holding since its price is low and which reduces the risk level of investors since the price is at its lowest right now.

The only risk in altcoin is price dump and that can only happen when you purchase the coin at its high price but for Pawswap, its price is low and its risk will be minimal with the tendency for the price to increase when there is a push on the market.
3230  Economy / Gambling discussion / Re: Do wager affect outcomes in any provably fair games on: August 02, 2023, 04:32:17 PM
There is no connection between your wagering and your win date because the outcome of the game and depends on your luck per time and that and if you are lucky your first wager can hit you a winning while subsequent wager could go negative so it depends on your luck on the game per time.

So there is no connection between wagering and the probability fairness of the game system because the two are both different in both operation and reality.
3231  Economy / Gambling discussion / Re: Playing Slot Games On Demo/Free mode Vs Live/Paid Mode on: August 02, 2023, 05:42:40 AM
Is it possible that playing slot game in demo mode has some kind of connection to playing it on live mode, like is your playing data on live mode transferred to demo mode and vice versa if at any point in time for some reason, you switch in-between those modes ?

I was surprised that someone really thinks that the demo mode's data or something along those lines does have a direct connection with the live mode. That's why it was called "demo" in the first place. To show only the best experience on that said slots. The reason for placing the demo there is to show the slot interface while at the same time, the possible winning that can take place on that slot.

Technically, the big winnings we are seeing in the demo mode can be achieved in live mode but "only" if you are really lucky enough to hit that insane multiplier.

Just for reference, the chance of hitting those insane multipliers can actually be considered not happening in reality lol.

If that's the case then I think it's kind of misleading the users of the platform, though we have no way to check whether the rates of the demo mode have been raised or not. Sure, they can pin some provably fair scripts in there to make it look believable, though they can alter that and make the outcome favorable to the user. There's just a lot of things that the platform could tweak on the back end that we won't notice nor dare to check, and we'd instantly jump into the conclusion that that win could have been real if we bet real money on it.
I think demo is demo and meant for fun and nothing special about the games probability fairness since the demo mode is created just to get the gambler familiar with the games and also making understand some few secret of how the casino operates,  but that doesn't mean the demo games will have a provably fair system same as what operate with the real live casino games.

Just like I mentioned before,  gambling and trading both have operated demo accounts in some places,  but at the same time the operations can't be taken as real,  since the demo version is reality is not real so let's not expect anything serious from demo games or demo trading account.
3232  Economy / Trading Discussion / Re: Did you know about AI trading bot? on: August 01, 2023, 09:36:43 PM
AI is way more efficient than humans rn. It can profit from tiny price changes super quickly. Most probably, traders will adopt AI-powered trading soon
We already have alot of users here who are already trading with AI and there have been alot of sucesss recorded within the apace of time and we all are glad about rhat, but just like casinos have prevented the usage of bots or other nonhuman activities, but CEX has indeed been a major player in AI transaction and trading.

If all things continue to be equal, AI will continue to be profitable on CEX more than on casinos even though both of them are looking for ways to get his money too
3233  Economy / Gambling discussion / Re: Wagering requirements for withdraw on: August 01, 2023, 06:01:15 PM



There are people who get into slots in an online casino, and do many things to win, including following the wagering requirements and the associated wager to the letter, I'm not saying ndaa with a 1x wager although sometimes that is enough as to leave the salary completely at nothing, that's for sure, however when we do other types of things in the casino like enjoying ourselves, not having the pressure to win because I want to withdraw and if he starts to enjoy the game, I think things they flow differently, but it is very difficult to reach that level to achieve something like that.

However, there are players who only care about playing and having fun, hanging out and they don't mind losing, that's something I Admire , of course, you also have to take into account that these people may have other types of financing, they have a much better economy than that of the common Denominator or the mean.

The obvious truth is that,  do we really have such a setting where we only gamble for the fun,  most especially in live games where you stake a real amount because the only time we can gamble for the fun is when we are in a free mode where we don't have to stake any amount but once we make deposits the tendency to win the game will always be there and if care is not taken,  you will have to get too much involved to win more then just the fun.

So ultimately,  while we gamble to have fun,  but winning is also very much important for many of those who endure for the last moment and are ready to meet any wagering requirement that can come along the way.
3234  Other / Politics & Society / Re: Indigenous education is as important as Western education. on: August 01, 2023, 05:53:57 PM

That is why,  we must abide traditional methods of training and communication within the home and allow the school to teach the kids whatever that has to do we Western education and culture.

I think that is a nice way to help the kids not to go astray by learning just one line of culture without balancing it out. To have children who are well knowledgeable in different cultures isn't bad but to have them learn from the home front is wiser. Like some homes make sure that they speak the native dialect to the children back home and that helps the children to have advantage, of speaking different languages. Those children who know, speak and write different languages perform very well in such languages during school exams than those who barely understand just one language.
Yes, learning the basic language and traditions at home makes the child well grounded in the culture since the parent who are the first teacher will take the time to teach their young kids about their culture language and traditions so that even when they reside outside the country,  they will not miss anything in form of training in both ways,  because western education is also very impotent but the culture of the west is it so important and the most relevant is learnt through the education process.

I have seen some African parents making the mistake of teaching and allowing their children to practise Western culture both at home and school and at that makes them to become a single culture individuals who lack knowledge of their own culture in the long run.
3235  Bitcoin / Bitcoin Discussion / Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 on: August 01, 2023, 05:34:16 PM
Just returned from an epic trip down to Bitcoin Beach in El Salvador! Thank you so much to @nayibbukele
 and the magnificent people of El Salvador. Also a big thank you to
@MyfirstBitcoin_ who is leading the way with much-needed Bitcoin education 🧡 #Bitcoin



Source link.
El Salvador has indeed become the centre of epic tourist attraction and the dream tourist location for most travellers who are looking for a destination to freely spend their Bitcoin and have some fun at the same time, since El Salvador's Bitcoin adoption in 2021, it has become a foundation for wider awareness of the most lucrative revenue generating sector in El Salvador which is tourism business and with eh flexibility of Bitcoin as payment which makes financial transactions to be seamlessly fast without haven't to go through the rigorous process of the traditional financial system.

So with that, El Salvador has become the top choice for tourists, and if the Bitcoin City and the volcano power project become 100% completed, that will also open up more opportunities to both El Salvadorians and visitors who will be choosing that location for their visits.
3236  Economy / Gambling / Re: Whats happening with Betnomi? on: August 01, 2023, 05:25:40 PM
But all the same, we must also give Betnomi some benefits of the doubt to let them know that the community still cares and wish them well as long as the fault of the closer of service is not from them, but it is until they come out to make public notice.

It's really frustrating and disappointing reading replies like this one. Wiwo, do you realize that betnomi's representative has been inactive fir almost a month and didn't make a post or address any of the members concerns fir more than two months. Do you think this is acceptable! I advice everyone to stay away from this casino till they come back online and fix all the issues and address all their customers' concerns.
Stay away? There's no way to login to the place at this time. If they come back, do you really think they are going to fix any issues? They're not going to come back, they have shown us that they do not care what we think.
I agree with you,  the best bet right now is to avoid anything close to Betnomi because the casino has shown dishonesty in their dealing with the community who their close in on locking their fund in the casino without any information, so no matter what they come if they ever will,  no one will trust them again since they have already betrayed the trust of the community.

I accept the fact that Betnomii was really promoted here in the forum with all the poker tournaments and the rest,  but no one know their real intention back then until recently when they showed their true intentions.
3237  Local / Nigeria (Naija) / Re: Unofficial General Guidelines For Posting( Na de koko dem) on: August 01, 2023, 11:03:54 AM
This thread need to be pin on the local board because of it importance and necessities to both newbie and old members of the local board and bitcointalk community in its entirety,  recent happenings have made me search for this thread as it contains rules and guideline for members here,  to avoid any penalties in the local board and the entire bitcointalk community.

It was a sad news to see one of our own local board member getting banned recently and the offence was plagiarism,  which is something that a senior members suppose know say bitcointalk no dey joke with,  so it is good to have this kind of thread always at the top of the page for visibilities
3238  Alternate cryptocurrencies / Altcoin Discussion / Re: Introducing The Egg (We’re hiring!) on: July 31, 2023, 09:41:42 PM
I’m just too curious to know what your project is aim at. Please when is the launching? Streaming an egg for 24 hours…really? Who does that? So when I stream egg for 24 hours, what do i get in return? This just sounds like someone trying to break a record in the genius book of records.
Sound like a joke coin project to me, because from all indications, this project cannot provide the service it promises and this is something we have to look away from in most cases at a time, instead of focusing on the profit and empty promises the coin made for investors, I am yet to see what the unique feature is in this project that ops will say it will revolutionize the market.
.
This won't be any different from all the shitcoins that we have around, that instead of focusing on developing a brand, there tend to compete or try to change the market without any capacity to do so.
3239  Economy / Gambling discussion / Re: Playing Slot Games On Demo/Free mode Vs Live/Paid Mode on: July 31, 2023, 09:03:27 PM

No mate,  there is a big difference between the Demo version vs live games,  this is because in demo mode the games are prepared to be 100% probably fairness mode and at that, the game gives you the reward at a 100% free mode but that can not be untenable while playing the live games since in live slot it you against the house and the game system is programmed in such a way that the outcome will always favour the house only on few occasions that the game the gambler gets lucky to win.

So you shouldn't be surprised to see such huge winning with just 10 spins in a demo version,  because there is a big difference between the fantasy of playing a demo version vs the reality of a real live casino session.
Same thing i am pointing out above, if the mechanics of demo versions of slot games are different from the mechanic of the live version of the same game, its cheating, and it means that provably fair is nothing but a myth, something this game providers have been using to deceive every one of us.
Making the demo version of slot games provably fair and offering something absolutely different in the live version of the same, and still making us believe it is provably fair is exactly unfair.
I don't think we can call that cheating because when they said demo it means unreal or trial version so the is no justification to question the game outcome since it was intended to be for just fun and nothing serious,  just like in trading that the demo accounts easily make profits but the actual trading position can't make such profits so the gambler or the trader who decides to gamble or trade using the demo version already know that he/she in for the joke and just to cash fun and get familiar with the operational environment of such service.

So we shouldn't take them so seriously as per se that the demo version is not equal in anything with the real live version of any product.
3240  Economy / Gambling discussion / Re: Wagering - share your opinion on: July 31, 2023, 08:45:05 PM
Wagering is a system that is put in place to favour the casino and the regulators and be against the gamblers,  because at the end,  it is the gambler that will be at the receiving end,  is either he loses money trying to meet a wagering requirement or losing trying to increase his wagering number to meet a demand such as trying to cash a bonus as you mentioned.

So wagering per se is most beneficial to the casino and fewer benefits to the gamblers themselves,  but all the same, since the casino is a system,  one needs to properly understand the realistic outcome of this feature and what its benefits are to both the gambler and the casino alike.
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