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Some of the decentralized lending platforms I know of are quite sustainable and safe (as far as I can tell). They are unique kind of lending though... with very small/no risk of default.
Those kinds of lending platforms you listed are/were probably running pyramid-like scheme combined with lending. I haven't really used any of them before though. to determine exactly what went wrong
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Is the project doing this to funds some useful developments? Is it providing important services?
I think you need be sure something useful/viable/sustainable is happening on the project platforms before investing. The rewards need to be sustainable long-term otherwise I may not invest.
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I guess I've heard about this coin before but I don't know much about it.
It's currently worth over $4 on coinmarketcap and has a fairly ok daily volume (which is probably coming from exchanges).
From the project description at "About Quant" section on coinmarketcap it sounds like a VM type Blockchain. It aims to connect other Blockchains/networks on the internet.
The coin RoI according to coinmarketcap is 187%. You probably need to know whether the project is solid, viable, decentralized etc . before investing.
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Is it okay when a Proof-of-Work coin developers are doing a hard-fork changing the consensus algorithm to make it GPU-friendly again?
The change from POW to POS by some devs, for instance Ethereum' might be decided after analyzing the advantages and disadvantages involved. No doubt POW algorithm proffers a more secured and decentralized system, deters cyber attacks and upholds a trustless and distributed concensus, it also has its major disadvantages. For instance the energy requirements for mining is much. Proof of stake on the other hand even though will make consensus mechanism totally virtual, validators get block reward depending on their staked coins and there is no such energy requirements. However, I really like the point raised by OP and will drop my opinion on "how we can do better" after my research. Decentralization still remains a key factor in crypto and shouldn't be thrown under the carpet. I guess everyone was too focus on competition thereby neglecting the most important things. I think it's important to have a decentralized system where most members are part of the decision making, else crypto will be consumed by things it was created to avoid/solve. I don't see why over 100,000 nodes for example, can't elect some representative nodes manned by the most principled, best & anonymous people to scale a Blockchain. Afterall, the representatives can be quickly/automatically removed by bots and members/many nodes once rules(especially rules based on crypto principles) are violated. Difficult legal issues need to be discussed extensively & transparently by members who are very experienced in the issue (while most members observe) before any decision is taken. PoW still OK if it doesn't consume too much energy or encourage centralization |
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Decentralization doesn't add any notable perks to gambling in my view.
Provable fairness is already the best way for casinos to prove to their players that any amount wagered in their platform goes through a process that ensures the generation is random and not rigged by the house. To add decentralization mostly makes things more complicated. The perks of decentralization are best experienced on projects that can tokenize part of their venture or at least in some way enjoy the benefits of their project operation through a dAPP (for example no censorship).
But so long as cryptocurrency gambling remains out of the mainstream the most part, simply using cryptocurrency helps to avoid censorship, so there really isn't a need in terms of the users benefiting.
You missed another important part of decentralized gambling: the non-custodial part. Most centralized gamblings hold your fund,which is quite risky due to the possibility of scams or hacks taking place. Reputations or license (or both) compensate for this risk though Fair point, custodianship could be a big advantage for decentralized gambling. In the case of decentralized casinos, the game-maker essentially promises something along the lines of: Give me money, and win or lose, you'll be able to withdraw your balance. Which is a conflict of interest, because even if wagers are provably fair, if the casino is the custodian, they have a counter-incentive from paying out large winnings. A non-custodian solution would be the opposite, like: Player plays, and they promise that if they lose they'll pay. I think some casinos had experimented with some similar model at least for emergency liquidity. Maybe moneypot, but I'm not sure. Decentralization wouldn't be non-custodian in that sense, but at least could remove some of the trust from the equation. Like for example using a smart contract or dAPP for locking funds and giving winnings/losses to player/casino respectively.But OP here doesn't showcase any technologies that would enable the well-known features centralized dice sites have. I'm not sure if randomness and provable fairness could be achieved in a fully decentralized and trustless system that also enables non-custodian gambling. Maybe such solutions exist already, but at least I haven't heard of any. I think funds in smart contracts are locked under conditions. If conditions are not met, funds are sent back to the owners... so it's still OK too call that non-custodial. Decentralized non-custodial gambling sounds OK. |
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You won that much for just 1.2€? That's an interesting way to play luck-based gambling.
I do not understand the picture very well but it looks like you bet via group contributions or something. Well, I guess this doesn't happen all the time in luck-based gambling. Your chances increased a bit with the help of the group contributions
me either . my guess it was like a investor type gambling game and your right that it was some kind of group play/contributions . this is cool because you have allies to increase your winning chance but games like this are also verry risky .id seen lots of investment scheme/scams on the past . but high risk means high reward so there ya go , he got a high payout . grats to him . my biggest win was only 100 usd if im not mistaken on a standard gambling site before . I actually expected to see lots of members of his group on the picture. More members means more funds and more funds will increase their chances of winning but the reward will be lesser for each member of the team. I think they were lucky to win that huge amount. |
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I assume the recent shooting of Darko Kovacevic is somehow related to the mentioned match-fixing group. Match fixing can happen anywhere and for various reasons. It doesn't have to be monetary reasons, like earning money from betting on fixed matches. Many matches are fixed all over the world because teams are helping each other out. It's common interest unfortunately. Systems like 3 for 3. We beat you at our venue and you beat us on yours. In case one of us needs points you let us win, and things like that. There is no illegal betting on these matches so nobody outside of the clubs know.
The way to protect yourself is to bet on matches in top leagues. You can never be 100% that matches are legit but at least players aren't bribed to fix the matches themselves.
This is very interesting. I guess match fixing doesn't happen in all the small/unpopular leagues. Some small league matches i watched in the past looked really legit. If players were faking those moves (and emotions) then they were really good at faking them. Skilled sports bettors (who rely on fair play) will likely not do well betting on fixed matches. |
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I keep seeing the news that "Bitcoin is used for drugs", "Bitcoin is primarily used by thieves" pretty much every other day. The well informed people know that it isnt true but the mainstream media's perception stays the same. How do we change it and can we?
You probably should ask them whether fiat currencies are used by thieves or not. if they say no, you could get them proofs. I bet you will find alot of them and even those happening on a daily basis. By the way, I think we have less crime activities on real cryptosphere(decentralized crypto world) than on centralized ones. I believe alot of crime problems in centralized world can be best handled on well decentralized and advanced crypto world.. Who doesn't want truely decentralized, secured, transparent, accountable, , immutable, reputable, privacy/anonymity centered systems? I believe this can be achieved on decentralized crypto. |
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Imagine things this way, We (humans) are created AI robots. We were brought into this world to serve an invisible CREATOR and be governed by HIM.
In the beginning of our World, the main Robots (2 humans) were created. They were "created Good" and given authority over the CREATOR's other creatures (other kinds of AI robots who were equally created good on earth) to rule over them in the righteousness or way of the CREATOR... not our own form of righteousness or way. The CREATOR has no mistake or evil in HIM. HIS way is perfect.
The main robots (our first parents) disobeyed the CREATORS command not to tough nor eat from a specific tree.... It's called "tree of knowledge of good & evil". An evil invisible AI decieved them and they ate from the tree, the fruit opened up their minds to know both good and evil , and their minds were possibly corrupted by the invisible evil AI with both good and evil knowledge. Their personality changed. They became fearful, paranoid and evil+good. But they were created "good beings". The fruit opened up their minds to corruption... They were hacked and reprogrammed by the invisible evil AI force.
All humans came from the main AI robots. And we inherited their corruption. It's hard to be good without the CREATORS guidance on our lives, due to the inherented corruption.
But if you believe in the Son of the Invisible, Everlasting CREATOR and read/obey his words always, your corruption will be wiped off or taken away. He will begin to dwell in your body and guide you. And you will be healed and have stronger defense against corruption and evil influence.
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How many of you traders on here are trapped when trading bitcoin on exchange thinking it will fall again?  anyway I'm one of them, all I have left now is Stable coin hoping I can buy back when price goes lower again, do you think price will fall again or keeps surging ? I think you did OK... but if I were you, I would sell only a part of my holding for stablecoin and leave the remaining part... so that if the price keeps rising, I will gain from my Bitcoin holding but if it dips, I will probably sell half of my stablecoin holding for more Bitcoin. If price dips again, I will sell my stablecoin for Bitcoin. If Bitcoin goes up I sell some for stablecoin. You could automate this, I guess. |
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Recently, I found a tweet about the Ethereum, which the current proof of the work system of Ethereum and the much-awaited of everyone, the proof of stake of Ethereum. But still, development of the Ethereum 2.0 or they say Ethereum will become proof-of-stake. But I found this tweet on Twitter: https://twitter.com/ercwl/status/1222233953739968515 That twitter user is something telling that the Ethereum (proof-of-work) will have different coins to the upcoming Ethereum(proof-of-stake). Does it really true? It's like something a fork, a fork that will generate a new coin based on the coin, just like the Bitcoin and Bitcoin Cash. What can you say about that tweet? How exactly will the stablecoin and Defi be gone? Well, that probably depends on where majority of Ethereum members decide to pitch their tents on. I guess the chain with the least members will have no stablecoin. Ethereum users who prefer the smaller chain can choose to sell their stablecoins on the bigger chain to buy stablecoin on the smaller chain. Or this can be done automatically after a fork. There could be some problems if Ethereum is dominated by centralized companies... Governments could get the companies to move to the smaller chain without the input of the majority. And the majority of users would have no option than to move along. This is why it's important to value and encourage decentralized businesses more. Chain interoperability could make things a bit easier if such thing ever happens. |
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I'd rather accept donations considering they paid fees already.
As far as I can tell, teachers don't charge students consultation or question fees after class lectures. The students already paid to learn from you/teachers. So, they need to be continously guided until they understand what they paid for.
You should probably just ask for donations if you think you're spending alot of your time on them. I'd prefer anonymous donations from them so they don't feel pressured.
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Checked it on Google. It looks interesting.
Guess I have played similar game in the past but on a phone-sized children water toy or computer game. The ones I found via Google are quite large. Probably not the exact same stuff I'm referring to.
Agreed, they took a twist on that harpoon game you find in arcades and made it accessible to the general public by using the most ubiquitous platform right now. And the fact that you win cryptocurrencies instead of in game items is kind of new to the general public. I must say this is an interactive way of gaining coins in this industry without the need to cash in too much money. Here in our country, fish arcades are very popular but the thing is that you need to buy token just to play. I see that this game is potentially good when they use bitcoin instead of a token. I always saw everyone getting addicted to that game because every time I go to an amusement center, fish arcade are always full of players and also many people are watching them play. Based on what I saw, when you last hit the boss in every stage, you will win a lot of token. In terms of bitcoin, you are very lucky if you won. Bitcoin is very different from a token, it can serve as a coin but it is more crucial when you play fish arcades with real assets. Strategies, good timing, and good aiming skills are essential in playing that game because the more you fire a bullet or harpoon, the more chances that you will last hit the boss. It's just easy as that. I think that many gamblers will be attracted playing fish arcade because it is new for them. I'm pretty sure that they will enjoy playing depends on the result of the game. Just watched people playing the game on YouTube. The creatures almost looked like live fishes to me. I wonder why anyone would play that kind of game, by the way. Not the kind of things kids should get addicted to. I think you could unintentionally alter your personality with games like that. |
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Decentralization doesn't add any notable perks to gambling in my view.
Provable fairness is already the best way for casinos to prove to their players that any amount wagered in their platform goes through a process that ensures the generation is random and not rigged by the house. To add decentralization mostly makes things more complicated. The perks of decentralization are best experienced on projects that can tokenize part of their venture or at least in some way enjoy the benefits of their project operation through a dAPP (for example no censorship).
But so long as cryptocurrency gambling remains out of the mainstream the most part, simply using cryptocurrency helps to avoid censorship, so there really isn't a need in terms of the users benefiting.
You missed another important part of decentralized gambling: the non-custodial part. Most centralized gamblings hold your fund,which is quite risky due to the possibility of scams or hacks taking place. Reputations or license (or both) compensate for this risk though |
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I think we all dream of it, but it would only stay as a dream imo. It's not really hard per se, but rather because of its dependency on luck, it really makes trying to become rich through gambling a very difficult thing to do. Trading coins/crypto is also a gamble tbh, one that is a bit more easier to win with, but on the other hand, it also makes losing money easier.
In the end, because of the difficulties of actually profiting off of gambling, it turned to an entertainment factor on my side.
Trading requires skills though, just as some skill based gamblings. I guess there are just few traders that earn profitably from trading while the rest don't. Before I started trading, I used to think it was very hard to earn from it, probably due to comment from pessimists (I guess I was too focused on them) until I decided to try trading myself... i was surprised, ...and I'm still surprised when I hear people say "it's difficult or impossible " |
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Its only 1 month when 2020 came around the corner but I would like to know what your largest win is so far and if you have set yourself some targets for this year. Below you can see mine that I won a couple weeks ago. However I only owned 20% of this jackpot pool ticket that won 24.000€ I scooped 4800€ and some pocket money for a 1.2€ contribution to the ticket.  You won that much for just 1.2€? That's an interesting way to play luck-based gambling. I do not understand the picture very well but it looks like you bet via group contributions or something. Well, I guess this doesn't happen all the time in luck-based gambling. Your chances increased a bit with the help of the group contributions |
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I guess you mean investing cryptocoins in environmental projects that help create healthy environment. Or do you intend to use the heat from mining on farms(agric)?
If you have something compelling & viable, I guess the crypto or mining community will have to verify first before supporting.. . Besides such environmental organizations have to be very reputable
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It's a unique Blockchain, and probably has/had some of the most useful applications in Crypto space. The Blockchain & its platforms like Steemit can still be viable if reworked... Or maybe they just want to replace everything with EOS?
The community needs to make most things on the Blockchain (like sites, rewards, reputation) more useful, sustainable, decentralized, easy to use, etc. . I guess the reward aspect is not very sustainable due poor price performance. Reward needs be somewhat consistent in order not to discourage content creators. And they should be able handle any kind of abuse on the ecosystem.
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Have you tried TabTrader or other similar applications? The good thing about such apps (tabtrader esp) is that you can trade multiple exchanges with them.. . But you need to sign-up for accounts on the exchanges websites before you can use them on TabTrader.
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