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3941  Other / Off-topic / Re: Imagine you get a hold of keys to the biggest Bitcoin wallet of all time. on: February 28, 2020, 10:35:02 PM
Get hold through hacking,  robbing an exchange, or just holding personal private keys? Well, very unlikely that a sound mind would spend what belongs to people. Very dangerous thing to do.      If possible, I will send the coins directly to the owners and not the exchange. The exchange will probably not learn any lesson if they get back the coin easily
3942  Economy / Trading Discussion / Re: Cryptocurrency trading with flash loans on: February 28, 2020, 01:58:50 PM
Hello,
Can you please give me more information about cryptocurrency trading with flash loans ?
This is a trading where taking a loan, buying coins, selling coins and returning the loan is
embedded in one transaction. I would like to know few web sites where I can do this type
of trading. Do I need to deposit cryptocurrency to take flash loans ?

Flash loan is still a new service, and it encountered some difficulties in it early stage. I wonder why you want to try it now. It's probably available on Ethereum Defi. I am not sure though if the service is still running after the defi flash loan issue.
3943  Bitcoin / Bitcoin Discussion / Re: A game that educates people about Bitcoin on: February 28, 2020, 01:34:31 PM
Sounds like a good idea. Lots of people may not be interested if it too difficult or technical.
Most people would probably grasp things easily if you use real Bitcoin with "many transparent & fancy piggy banks in a large containers". Everyone has the copy of the container but nobody owns it. It's decentralized, transparent, permissionless, trustless, immutable, anonymous etc.       After playing the game, you could ask them if they prefer having the container in the care of a central authority or in their care. If they choose the latter you inform them that is what Bitcoin is about.
I bet most will prefer holding and monitoring the piggy bank container together as a community
3944  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Super useful telegram channel !!! on: February 28, 2020, 09:27:14 AM
Is that the original Whalealert io? I mean this: https://whale-alert.io.
 I guess I almost joined the group some months ago but was too sure whether the telegram service was free or not. I think they charge for some of their services (I am not sure though).
Not sure if I need service like that these days. Could encourage price manipulations or too much dumping if alot of people (or people with lots of money) start using it. It is ok to use it though. Just wish it's a decentralized service, so people don't abuse it. .
3945  Economy / Gambling discussion / Re: Safe or crazy? (sports tickets) on: February 28, 2020, 08:54:00 AM
It's a bit difficult for me to understand what Op is trying to say... Maybe because I am not too familiar with sport-betting and it's terms. From my little understanding, it seems easy-to-predict match have smaller prizes while the difficult ones have higher prizes? If that is the case, I will go for the easy matches. Will probably need lots of skills and information before trying the difficult ones.
3946  Economy / Gambling / Re: [Question] Aristocrat slot game on: February 28, 2020, 08:14:15 AM
I thought slot game is luck-based gambling. Or is it skill-based? I am not sure if I have played the game before though. What trick would work on a slot machine aside from cheating to win?
By the way, is it the virtual slot game or the physical one?
3947  Economy / Trading Discussion / Re: If we have great ability, is capital from bank loans safe for us to use trade? on: February 28, 2020, 07:47:27 AM
I have a friend who has quite great trading skills, almost every trade he manages to make a profit. But I see he always uses capital
under $ 500.If in my opinion he should use a large capital of at least $ 5,000 to get greater profit. I suggest to him to borrow from
the bank as trading capital, but he refused with the reason too risky and insecure. I want the opinion of you members of this forum,
whether to use capital from bank loans unsecured and risky if used trading by traders who have good skills? even though in my opinion
safe as long as we can make a profit and smoothly repay loan installments to the bank.

Your friend did the right thing. Better not to trade in fear.
 If he is very confident in his skills, he will likely give the loan thing a try (still not a good idea to trade with borrowed money). But it seems he isn't too sure of himself... so, don't press him further.
However, if your friend could risk using collateral for the loan, that will probably be better.
3948  Bitcoin / Bitcoin Discussion / Re: How to improve the usability of bitcoin? on: February 28, 2020, 07:30:21 AM
There is a speculative (investment) presence in the current bitcoin discussion scene. Only known and used by a few people.

If bitcoin really wants to become a universal currency payment system, how can we optimize the design for ease of use and make it easy for most people to get started easily and with low risk?

Also, if commodities can not be circulated, there is no meaning for their existence. Therefore, this is very important. For the time being, most of them are in the state of holding money, and they have not dealt or circulated.

I guess you want a spending culture, right?  Well, that is up to the owners/holders of cryptocoins or fiats. People should only spend when spending is necessary, or only spend on good things. Forcing others to spend what they own will probably make them spend on things they don't need.
Or we could spend on "good things" alone if spending culture becomes necessary?
3949  Bitcoin / Bitcoin Discussion / Re: Why do people compare betting and investing in bitcoin (in terms of risk)? on: February 27, 2020, 05:25:26 PM
 Investing in Bitcoin is less risky than typical betting (or gambling?).
 Bitcoin isn't that risky, by the way(still recommended that you trade what you can afford to lose). It's probably more profitable than most bettings I know. Though there are certain types of Bitcoin trading/investing that are more like the typical betting/gambling... things like leverage and option trading.
3950  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Blocknet's Decentralized Oracle Network - XRouter on: February 27, 2020, 01:45:13 PM
Most people only know about Blocknet as being a "DEX". So I'm sure a lot of people neglect this project as being another "DEX" project who's only goal is to do what everyone else is doing, despite them being the first to release a fully trustless DEX.

I remember this project in the top 100 of Coinmarketcap way back in 2017, and wondered what happenend, only to discover they've been working on their own decentralized oracle network since releasing their DEX in early 2018.

Anyone who's interested in reading about this can do so here: https://blocknet.co/introducing-xrouter-developers-can-now-mix-and-match-any-blockchain-via-the-worlds-first-blockchain-router/

Developers will be able to use this network as they please, interconnecting real world applications with blockchains, the fees involved is distributed among the network to the service nodes (who's running the DEX part as well).

So in a nutshell, we've got a project with their own DEX, and soon a decentralized oracle network, evaluated at a $13 million marketcap only, while we have litteral vaporware projects with nothing to show for it, evaluated at 5x the marketcap.

Thoughts?

Is the oracle not decentralized at the moment? Why do some posters sometimes say it's fully decentralized exchange? Anyway, If you guys could try make the DEX easy to use, maybe that will attract lots of people. It is one of the few DEXes am interested in and still trying to understand.

     
3951  Economy / Trading Discussion / Re: Copy trade - New trend of cryptocurrency exchanges? on: February 27, 2020, 10:40:57 AM
I have not tried things like that before, though I have followed and learned from some interesting traders in the past.
Copy trade will probably work better in "social trading" like setting. In such settings, you could find top rated traders who are consistently successful, subscribe to their trading activities and possibly copy them. I have seen similar things posted on this forum. I wonder if they worked out for the owners.
It probably would work well on decentralized & immutable network.
3952  Economy / Gambling / Re: $20,000 USD Prize Pool To Launch! ZED.RUN Partners with Unikrn! on: February 27, 2020, 10:02:29 AM
Interesting. But it seems you use two different words: unikirn and unikrn... which is the correct one, this: Unikrn? and the correct site: www.unikrn.com ? Well, I guess it's just a typo
By the way, I wonder what the "digital racehorse" means, and what is it for? 
People will need to verify the claims made here though before using the site


3953  Alternate cryptocurrencies / Altcoin Discussion / Re: Buying low selling high ain't always successful on: February 27, 2020, 08:52:30 AM
Buying the dip has its bad side and that's unable to predict market movement You buy the dip, it goes dipper. You buy the high, it goes dipper, you convert to usdt, it starts surging ....I quit buying low selling high for now
You're probably doing it the wrong way.
It's better to reserve some reasonable amount in stablecoin, and use that for buying dips. If you are monitoring a coin and the price of the coin dips, you buy the dip....if it dips again, you buy another dip... if it dips 3rd, 4th, 5th times you buy the dips. Better to just focus on major dips especially if you are not day trading. 
When price starts moving up again, you can then decide to sell or hold. I usually reverse sell the exact amounts of dips I bought as price goes up gradually

It is also advised that you leave some amount of coin for long-term holding, so you don't miss out when there are serious bull run
3954  Economy / Gambling discussion / Re: How do you see Markets on Gambling Sites? on: February 27, 2020, 07:46:07 AM
They offer promotions, they offer certain things and they even had merchandise! (Well some of them has it)
As a Gambler How do you view these things? Is it worthy of a try? Or it's just a thing of the company to get more sales and money?

By promotion, you mean advertisements? Like Signature Campaign and ads in football stadiums or rank promotion?
Well, I don't think I would buy and promote the merchandise unless it's safe(including for children) and not too difficult to win in the games I promote.
3955  Economy / Economics / Re: Amazon to accept bitcoin payments directly... the real breakthrough!? on: February 27, 2020, 06:12:05 AM
It probably depends on Amazon, and how decentralized the browser extension is. Using a decentralized tool on a decentralized online store would work long-term in my opinion, but am not sure about mixing decentralized tool with centralized online store & vise versa. It will probably work short-term. It could however work long-term if the tool and the online store are both centralized... because it becomes easier to partner with Amazon after following some rules.
I think value from fully decentralized transactions is a better and safer value for Bitcoin network. Besides, owners of centralized companies could one day pressure Bitcoin network to play by their rules or they withdraw their huge value. The Bitcoin principles/rules should be supreme, and must be upheld by all stakeholders all the time.
3956  Economy / Economics / Re: Ignore the Gap on: February 27, 2020, 05:29:22 AM
Haven't heard about this "futures gap" before. Guess it relates to the futures market, and the traders wanting Bitcoin to move in certain way as a condition to keep trading? If that is the case, the traders need to understand that there are many other brands Bitcoin stakeholders who need to be aware and agree to those conditions. That why consensus and rules are very important in real crypto world.
3957  Economy / Gambling / Re: Blockchain lottery? How does it work? on: February 26, 2020, 03:00:33 PM
Am not sure if I have play a Blockchain-based lottery before. I probably have tried the centralized lottery-type of game on faucet sites during my early days in Crypto world.
The Blockchain-based lottery is likely the most (or one of the most) reliable ways to play lottery.. The most decentralized ones could be the safest.
3958  Economy / Gambling discussion / Re: Can writing how hard you worked for earning money restrict you from gambling? on: February 26, 2020, 01:50:07 PM
It could actually help.
And it could also encourage you to learn more about something before putting your money into it.. . If it is too risky, you avoid. You try with little amount if you believe in your chances. Kids & "vulnerable people" should not gamble though.

Hopefully you don't get fatigue when lots of rewards/money start pouring in Smiley
 
3959  Bitcoin / Bitcoin Discussion / Re: Global Internet connection goes down and Bitcoin Network is not affected. on: February 25, 2020, 05:15:44 PM
It's a nice idea. My only problem with things like that is centralization. We could rely too much on the satellites and forget to create something decentralized and hard to censors.
 People should by now be brainstorming on how to create a decentralized global internet network. There are few viable "flying things" that can be used for this.
3960  Alternate cryptocurrencies / Altcoin Discussion / Re: Have you heard about Super Blackhole? on: February 25, 2020, 04:55:50 PM
It's a A Hyper Deflationary Token with only 2.5 Million Supply. What do you think about this project? Is this a good one to invest? Redflags? Share your thoughts?

Source : https://cryptoiscoming.com/hyper-deflationary-tokens-are-the-future-of-crypto/


Well, a deflationary cryptocoin has to be unique, scarce, useful, decentralized, safe, in order to keep its "customers", attract new ones, grow in demand, increase in value etc.
If you create unique stones for example, with 2 million maximum supply, what will make the stones deflationary and valuable are their usefulness, scarcity, their features, difficulty to counterfeit, etc
Deflationary feature becomes a problem when their is huge demand, supply is inadequate, while the price is moving up too fast. A gentle increase in price would be better in my opinion.
I think things can be better controlled algorithmically esp if you have part of the coin supply reserved for this purpose.
Probably better to increase the supply and lock it up somewhere until there is huge demands for the coin. This can be regulated by algorithm. Human intervention could be via voting or something.
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