Gold might have real world use cases as an useful material, but argument of gold being first choice because of that and scarcity doesn't hold water after we start mining from asteroids. And this is not science fiction anymore: Nasa's Psyche mission

When you flood the markets with gold, it would drop the value so much it would absolutely crush the gold investors.

I am not saying that we could depend just on scarcity either to back up value but it helps, there are many factors that need to be available like stability of working infrastructure to keep values stable.

If you aren't paid Russian troll, you should ask for money from Kremlin. Because otherwise you are just working them for free. Maybe you'll get a medal from Putin.

Most of Russian trolls here in Finland are easy to spot as you, i am not sure why as they could do way better job hiding their agenda. But i am not complaining as when they are acting like mental patients they are not doing any harm.

But anyway... As a Finn, our education system has done a good job teaching media criticism in public shool and making us resistant for Russian propaganda in general. Most of us can see it from miles away as we have long history with it. We have been in information war against them since CCCP and while Russia has been using every leverage they can, their resources seem now to have depleted for the war in ukraine. There are occasional reddit and some attacks but that's mainly it.

In fact the whole illegal attack to Ukraine seem to have unified the whole Finland, lot's of peaceful hippies are regretting that they did choose civilian service instead of military service in during mandatory national conscription. People seem to have more focused of getting rid of polarisation and fake news. And while most of Finland didn't want to join into NATO just while ago, the whole attitude changed immediately after invasion.

I changed my mind that day. There wasn't really even an option for me. Putin was unhinged and just too dangerous. Not to mention the weird conservative values he holds dear.

Living next to Russia makes us scared, and things have never been this intense since our winter war (*edit* Continuation War). What scares me most is that i can't see any other way out of from this then change in leadership in Russia. In that way they either get even crazier leader or point the blame to crazy putin. There are not going to be peace with Putin, that's for sure.

I'll give you that Eth is too expensive to use (for the moment at least). But i see the overall development interesting and could be rather easily adapted by others too. Importance of speaking about eth is relevant imho as the whole current concept has been mainly developed from erc-721 and just implemented to other chains. This is why i am interested in innovations in tech happening in this sector. Even if that would be happening mainly in Eth layer 2 only.


Agreed. In fact all current non-fungible implementations that i have seen are mainly smoke and mirrors. And some of the future innovations dealing with real world assets requires tech that doesn't exist yet, mainly because lack of auditable confidential smart contracts that has privacy baked in L1.

This is why i am personally am skeptic that this revolution would continue to happen in eth2.0 but as it has most developers it has a change.

But now i'll tune off my rant as this might get too much off the topic.

Then you would need to define shitcoin/meme coin. Because i am pretty sure top marketcap isn't defining them. In fact there could be ton of better blockchain solutions that i am not aware of that aren't getting any developers as those developers often go with the market and choose the money flow instead.


I wasn't talking about limit in tokenomics, but i could make a ton of arguments on the subject of bitcoin being historically strong and this could need a whole another topic and i am not the one having enough inside to write about it.

I could talk about psychological side of markets, PoW biased propaganda for and against of PoW, AML laws etc, but i might do topic for that later. I would need to consult actual experts when even scratching the tech side of it.

Let's just say that BTC is not out of the woods yet and there are ton of pitfalls that could stop the road to the moon. The argument of pure decentralization as defence is fascinating, but somehow overly mystified imho.

Thanks, and i just stopped rolling it for good. I knew those were going to be low numbers but those numbers are just insane. There's a 1 in 175 million change to win a powerball jackpot as for comparison.

I wouldn't win FOW that if i rolled it every hour for 100 lifetimes. I am somehow betting that i could imagine any ultimately rare freak accident i would have WAY better odds getting into that then winning odds of 1 : 1 Billion.

The fact that i could roll it 24 times per day doesn't really help when you look at the big picture.

This wouldn't do it because trading of FUN is not isolated only to CEX.io. It's a well known token by freebitco.in and while it's trading in Binance as well, it has $2.6M volume in 24H.

And even if you try pump in dump some coin, many exchanges like Bittrex i know for a fact that, got safety measures in place for this many years ago

I am not getting into details how to pull it off successfully as it's not something i want to encourage, and it's illegal in regulated markets.

There's a point where you want to minimize your risk and just avoid losing any money instead of making it.
But i don't think that limit is $25k or even near it. Unless you live in a really cheap country, 25k won't take you anywhere with low risk investments. And while nothing is risk free, your only change to get rich is to embrace the risk and be bold.

Has anyone calculated the probabilities of winning big in wheel of fortune? I am assuming that you could from "provably fair" -info but i suck at maths. Are there even enough stats to calculate different outcomes?

Someone calculated probability for odds in here, but that's only for winning in free rolls

Since we are talking current historically significant turning points of NFTs, have you by any change taken a look new Ethereum Implemention Proposal eip-5606?
That could be another turning point point for NFTs and seems very interesting.

Here are some links for it:
https://eips.ethereum.org/EIPS/eip-5606
https://ethereum-magicians.org/t/eip-5606-multiverse-nfts-for-digital-asset-interoperability/10698
https://www.youtube.com/watch?v=PajykC_RV9Q

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There's no technique that would actually work casinos. Your technique will fail at the end. Only way to make it work would be that you needed to have infinite money. And since that's impossible, the whole idea is impossible. It's mathematically proven not to work. Net casinos are about luck and that's what makes them fun.

However human mind aren't build in a way it would naturally accept probablility and statistics, but it seeks patterns where there are none and it all comes back to gambler's fallacy

Your best bet is to accept probability theory and  if you want to gamble, use it on betting real life events. That's used team and business management, counting cards etc. Where ever people can use it as an egde.

Is faucet botting in freebitco.in against their rules?

I've seen people buying freebitcoin accounts without captcha and there are bots in github so i am guessing it could be profitable to run them (as you get lottery tickets and other bonuses as well it might be fun too).

There's no mention about it in FAQ but that could be because they don't want to encourage people using bots.
But then again they have an option to remove captcha as a bonus to unlock which makes me think they allow it.

Now i don't want to try anything just to compromise my account bonuses and i am guessing someone in here would know about it.

I logged in after a while and gui has improved a lot. I am using it with my phone and everything works smoothly so i am thinking of coming back.

However i am little confused on the current bonus system, how does it work? If i choose Silver bonus Bonus №2 it says i have to deposit min $200
and wager it 30x to get 100% back? Do i just get them in usdt to my account after i have played or is there a catch? And do i need to wager it on some specific way?
Like only native betfury games or something?

Huge backers and investment firms will give you an edge because those people research a lot and have connections that can cause growth in price, but they make huge mistakes too as only real pros can often see the fundamental system architecture flaws in the crypto project.

While for example Winklevoss brothers and Pantera Capital invested in Luna, they made (at least Pantera) huge profits with it before it crashed. But nothing says that they were aware problems in ust design before they invest or when they sold. My guess is that Pantera was just lucky in timing it.

Btw thanks for the list of alts, i'll check them out.

Terra Luna / UST crashed because there were clear design flaws in it. Not because of market:
https://thecryptobasic.com/2022/07/27/ethereum-founding-member-says-terra-luna-and-ust-were-plagued-with-clear-defects/
https://www.youtube.com/watch?v=ayBvY8LnWuY

 

Thanks, and that's a good point. I considered putting aths in there too, like for example what would have happened to your nxt holdings in 28.12.2017 because of ignis airdrop for NXT holders


...but topic would have got way more complicated then just pure hodling.

Luna terra fits there because i removed stablecoins.

You might be right. I'll do that later. In fact i could just remove the amount column and put it there. (from past to time of writing)...


Even when you back the best horse, it could fail and "VHS wins again". Most of the time it's pure luck and right contacts.


It was random date from the day i started looking into this, it could have been any date. I am not sure what facts you are referring to.

It's a well known fact that if you hodled bitcoin from the start you would done well. But that's not the point now is it?  

Nor is it relevant, because if i had gone back one more year to 24.10.2012, there wouldn't been real alternatives,
nor i could find any chart data. And back then btc marketcap would have been $119M,
(that would be nr 176 marketcap right now.)

So obviously it had room to grow in retrospect, like shitcoins have now. Question is: how much more room there is?

I was just pointing out that that they all were considered as low caps at some point, so you might want to take
a look at low caps to get gains (that's why i mentioned shiba).



And most of people in crypto are profit maximalists that don't care as much about
Fundamentals or code, nor do they understand them. I wouldn't judge them as they make most of the liquidity.



I actually agree with all your points, but i realize that i don't know how much more room there still is to grow. I thought that ETH marketcap
was way too high when it was $12 so maybe don't listen to me ... But eth and btc now? maybe 10x? And even that could take years.
That's why i was talking about low caps as an alternative. As with buying low caps i have made most of my money.


Can you remind me what btc marketcap was in 2009? Did you get my point about low caps?

Reserved

Well link to the source of the story would help for starters. You talk about USD conversion and we don't even know which casino was it or even the country this took in place, or if he even was a citizen of this country. Different countries have different resources to handle something that happens overseas.