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Could you explain a few things about NanoGames.io? Thank you
First, I'm not much of a gambler myself, but I'm definitely interested in things like investing in the bankroll. Your ad mentions 1% advantage, so what is meant there exactly? Is this "advantage" the same thing commonly referred to as the house edge? How does this option stand against or stand out against the competitors in the field (from an investor's point of view)?
Further, you talk about the social aspect of gambling, this is a good thing indeed but how's NanoGames.io actually different from the rest of the pack in this department, in a few words? Basically, what is so social about it (apart from having a trollbox and the word in a headline)?
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Decentralization is one of the greatest dreams of Satoshi looking at the how the blockchain technology and its immutable distributed ledger has been designed. Well it saddens my heart that the greed of men has led to the abusing of this freedom and liberty that Satoshi wanted us to have in the financial industry. Look at the way people are being scammed and robbed in broad day light just because crypto is embedded in anonymity and decentralization. I think we've all had it to the peak, how about we have some level of regulation with the activities in the crypto industry. Share your thoughts commrades.
Decentralization isn't a guarantee against small scams.It's a guarantee that the big operating "center" won't (in one way or another) steal your coins and scam you.We can't stop human greed.This is what actually drives the crypto prices up and forces the crypto adoption I'm not sure about greed here And I'm not sure about the rising crypto prices forcing adoption either. We saw prices rising for over two years (since September 2015 through December 2017, to be exact), and how much did that "enforce" adoption really? If you ask me (and not just me), this led only to higher levels of speculation and outright profiteering Indeed, there was a lot of buzz and noise about crypto but did it actually contribute to real use of cryptocurrencies (like a medium of exchange, for example). I suspect that not much. Otherwise, we should now be in a totally different position but we are as we essentially were 2015, if not further from mass adoption than back then |
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As an extension to this basic feature, it could be beneficial to create a white list of addresses where the coins can be sent to during this lock time
Good idea, the only problem is adding another OP codes (which allow spend Bitcoin if the transaction output only contain address on the script) for unlocking script. Hard-fork might be needed in this case And this also seems to be an effective solution to the problem of stolen keys I didn't even know that I already came up with that solution in the OP. Basically, when locking an address you can add a white list of addresses where coins can be moved during the lock time, so even if the private key from this wallet gets stolen or otherwise compromised, you can still safely move your coins to one of these "backup" addresses. I guess this will be useful for a lot of cold wallets out there (and their owners) |
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But with this setup will I (as that Bob in your post) be able to retrieve my money if Alice doesn't spend it (I mean after I send her the secret)? The point is to protect your dough from sending it to a wrong address or even a non-existing address.
Yes, because the transaction contains also a CheckLockTimeVerify (CLTV) timelock. I should have clarified that better. When the timelock expires, Alice can spend the money again. In reality, it's a bit complicated - Alice's transaction has two "alternative" outputs, one that authorizes Alice [the sender] to move the funds after the timelock expired, and the other one that authorizes Bob to move the funds when he provides the secret. If Bob doesn't provide the secret in time, Alice is able to move the funds back. But if she doesn't, then Bob can still move the funds (but that's no danger because he must know the secret). So yes, this setup can be a solution for mistyped addresses. However, in this case, I would prefer to use the BIP70 payment protocol, which avoids mistyping without the hassle of a HTLC Okay then. But I have two questions First, how is that solution better (worse) overall than what franky(stein) offers? I mean a 1-of-2 multisig? And second, is it possible to set it as a default mode in wallets like Electrum (or even Bitcoin's vanilla wallet)? Or is it more like you can't mistype an address simply because you have to set it up first to make a transaction with it? If this is not the case, then what are the shortcomings of making it a default mode of operation (in simple terms)? From my perspective, it makes perfect sense in order to avoid losing money |
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I have been try it with fun coins several times and indeed it is very simple but i can accept it since only blackjack game available on the site but this is happened for me or other people had same experience such as me too that when i click affiliate option to figure out how much commissions would you give and it does not showing anything because it was back again to game menus
Affiliate commission if 50% from referrals till the rest of the days Seems that the affiliate link doesn't work?
It is working well. 50% of the referrals in what sense exactly? Yeah, I'm also curious It can't possibly be like 50% of what they lose (or win, for that matter) as it simply makes no sense because you can register two linked accounts (one being the affiliate of the other) and earn money out of nothing easily beating the house edge. I can't even imagine what the house edge should be then. However, I also don't understand how 50% of the house edge is calculated and whether it is possible at all speaking of which... a FAQ would be nice explaining the things like house edge, provably fair, affiliate comission, withdrawal fees and many other things
the graphics is cool, will try out the site soon and leave my review
The FAQ is in the works as far as I got it |
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Basically, you send money to someone but they won't be able to receive it without a protection code which you send them separately (or tell in person). Thus, if no code is provided on time, the transaction gets canceled.
This is basically how atomic swaps work presently. It's one of the forms of the already mentioned "HTLCs" (hashed timelock contracts). Your setup could work this way: - Alice sends a transaction to Bob containing a timelock and the condition to provide a secret S to spend the funds (this includes a hash of S) - Bob must provide the secret to move it. Once Alice is sure that Bob is really Bob, she provides Bob the secret (e.g. via an encrypted email). In atomic swaps, the secret is provided only when the other party has also transferred the funds (the setup is even a bit more complicated, see https://en.bitcoin.it/wiki/Atomic_swap), but you don't need that in your setup, as all you want is that the other party needs to provide information received from two different channels (1 - the transaction, 2 - the secret) Yeah, I know (more or less) what atomic swaps are But with this setup will I (as that Bob in your post) be able to retrieve my money if Alice doesn't spend it (I mean after I send her the secret)? The point is to protect your dough from sending it to a wrong address or even a non-existing address. A lot of people lost their coins for making a mistake in typing the address. Yeah, I also know that you can't use certain characters which can cause such spelling mistakes like I and l (the first is a capital i, while the second is a lowercase L), but the idea of losing money just because you make a stupid mistake doesn't sit quite well with me |
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I expect this bear market will not end soon.
I take almost a year for this bear so it need at least a year to recover. Maybe 2020 we can see bullish move.
Maybe we should wait again this year, but with the situations in the market, I hope that the altcoin can rise again although not too higher. I am fine if bitcoin price cannot increase higher as long as altcoin price can get increase higher so I can collect more bitcoin and I only need to wait for the next time of bitcoin price increase. many people say that the altcoin price will follow bitcoin prices, so it's better to remain cautious while bitcoin still bearish, bearish can continue, but it can stop and change, if good news makes many people believe in this market again Bearish continue for bitcoin, but I don't think it's happening with the altcoin because some of the altcoins can get a rise from the bottom price and they make a great movement in the market. Bitcoin itself still going to down without we know when it's over but we have a chance to get more bitcoin from altcoin, so it's better we use this chance to earn more bitcoin Altcoins don't have a chance to stand against Bitcoin And its fall, so you should kinda get used to it. The total majority of altcoins won't be able to survive this "ethnic cleansing" anyway. And that's a good thing actually as most altcoins are downright shitcoins, and with them kicking the bucket people will stop losing their dough and diluting Bitcoin value down the road (read, Bitcoin will profit greatly from this massacre at the end of the day). Even the top altocoins like Ethereum will likely end with price tags no higher than 50 dollars. This is their "fair" price |
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if what you mean [is in 2018 and 2019 I consider it natural, because the situation is indeed difficult for us to get profits, so pay attention and learn.
2018 and early 2019 are not the right time to trade because the market is in a declining condition and even continues to decline and you will only get small profits Any time is good time to trade. You don't necessarily need to buy low and sell high, which would actually make this market not very profitable overall or even outright unprofitable. You can sell low and buy lower, then rinse, repeat. Or you can use shorts (as in short-selling) and then reap profits directly from a falling market. Ultimately, you can profit off volatility irrespective of whether the market is currently rising or falling without ever thinking too much about it That would make you a pro |
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This month, Bakkt implementation will push through or maybe not as what they always do(postpone it) and I see lot of people talked about how it affects the price. Question is will it really make the price soar/higher or this is just an overrated assumption?
Problem is we keep depending on alternative financial instruments to help bitcoin and crypto in general gain traction, and I believe that that wasn't the original design for cryptocurrencies (or bitcoin in particular). We may have to focus on more mainstream payment channels and less on derivatives But how can it possibly be any other way? It is definitely not like Bitcoin was created yesterday and overnight it is a universally accepted world reserve currency (or "digital gold"). Things simply don't work that way. It is more like one step forward, two steps back (well, maybe, not back but rather sideways, but you get the point). We have to rely on legacy systems, no matter what Bitcoin maximalists or cultists may think or claim to the contrary. This is a given Even fiat money had been backed up by hard assets (gold in most cases) for centuries This means institutions using non-collateralized leverage (like shorting gold with USD collateral). It also means central counterparties using omnibus accounts and lending each unit of "backed" assets to multiple parties. That artificially increases circulating supply I'm not sure I understand what you mean by this. Care to explain? |
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Need to take big risk when we want to make more money like warren Buffet so you also have to buy the cryptos at very cheaper prices to make more out of it when the prices keep going bullish.The time taken for the prices to increase may be longer but you need to sustain your Hold until to make you as successful investor or there is no point of investing onto something Cryptocurrencies are not like stock I mean like blue chips and other top level stocks. The companies behind these stocks have been sticking around for decades, with some for over a hundred years already (for example, IBM), so it is unlikely they are going to disappear soon, though there is no 100% certainty or guarantee either (for example, Lehman Brothers) In other words, it is highly unlikely that you will lose your investments even if the whole economy goes downhill tomorrow. Obviously, it is not the case with cryptocurrencies. Even Bitcoin is not guaranteed to stay afloat in the next 5-10 years, while the rest of the pack is more like trash stocks anyway |
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Indeed, you cannot trust gold for the reasons stated, but I don't think you can trust Bitcoin a lot more than that, either. To be 100% betrayal-proof, you should do everything by yourself. I don't think this is the case with Maduro as otherwise he wouldn't be in a situation like the one he is currently in). So he has to trust someone, and that is where there is not much difference between gold and Bitcoin as the flip side of trust is betrayal, as per definition. When money is involved and big money at that, you can't trust anyone, even your closest relatives like spouses, children, etc
That's why it is so lonely at the top (see Bezos case)
I understand what you mean, but any big infrastructure, like a government, is going to need some delegated tasks, and some backups. If you are the president, or the boss of a big deal with many people involved, you need allies. The difference between hosting gold reserves overseas in a different jurisdiction vs appointing some high trusted, very select set of people to host Bitcoin backups, I think lowers risk of betrayal by several orders of magnitude. As I said before, Maduro would have reduced risk to a few people vs trusting an entire overseas jurisdiction, bank and whatnot. There's no such thing as perfect security, it's all about getting the best that you can get. You are underestimating people's greed What you say may be true, but this backup you are talking about is not possible without a way to enforce it (i.e. make it actually work as a backup in case such a need should arise), so while trusting an entire overseas jurisdiction with your gold is definitely not the way to go, trusting a few people with your bitcoins doesn't really look like a much better alternative at all unless you can make these people return your bitcoins in some way. The latter basically means you will have some power in the future, but this may not be the case with Maduro in particular and dictators in general |
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Warren buffet had a shorter version of this, he said "fear when others are greedy and be greedy when others fear".
Basically, a low market means cheap stocks, if you look at stocks right now most of them do not even deserve the price they are in and basically all cheap just because the market went down, sometimes a company can do well, stock can go up and everything can seem like its going great and all of a sudden stock could take a crash down just because market is bad even if the company is doing well With all due respect (to Warren Buffett), I don't think his words are fully applicable to cryptocurrencies. All in all, Buffett's logic is pretty simple and straightforward. He correctly assumes that after some years of decline, there will inevitably be a new rise, even a new life if you please, and the companies which are producing real value will be more valued in the future. And then it makes sense to buy them when the market is bleeding. That's what his famous "fear when others are greedy and be greedy when others fear" is all about But with cryptocurrencies it is way different |
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I dont follow this individual but he does make an impact whenever he talks in the cryptospace.
I am sure this tweet will carry some truth for those who do follow him for his predictions.
Ofcourse there are many things which are known to bring the price back up in a few months.
So this is sort of like what you would get by going to a fortune teller at a carnival.
He is quite known person in crypto, but with only bunch of people saying bitcoin is going to go up, it won't help the price to go up, we need a real investors that put the funds or big institutions that ready to accept bitcoin, we need more adoption and more funds, more people support bitcoin will be great but we need real action to trigger the bull and return the trust of the investors As far as I can tell, Mike Novograz was that investor So it is not like just a bunch of people and only empty talks about Bitcoin going up. But it didn't help (we may need more such investors to make a change), and now his trust (or fund, or whatever) is deep in the red territory, so he has no other choice but to talk much and make noise about that even if he may be very skeptic about Bitcoin's future growth and just Bitcoin's future personally. Otherwise, people who trusted him with their money would start to question his actions (if they don't already) |
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Thank you all for kind words!
I can develop anything. So interactive chat with emojis and gifts? I can do that.
Is here anyone who could help to find players for this game?
Interactive is the one thing that sets apart gambling sites that have players keep coming back, that is my experience anyway. so yeah, nothing like chat to start things of. You will also find that the same players generally play at all the casinos, so if you see the same names, then you know you've done a good job with the regulars. No need to spend too much time promoting, I think forum ads are very quick and reliable for immediate players, but signature campaigns long term do well. Both show your willingness to invest time and money. Yeah, a good signature campaign should definitely be in the pipeline Regarding chats (aka trollboxes) specifically, they are a required feature as most people like sharing their wins with others and look for support when they lose. But please don't fetishize it, i.e. don't make a fetish of it (as some casinos as well as exchanges often do) as trollboxes can be annoying as fuck, especially if you can't switch them off for good (in the very least, hide them) You can't just have a signature campaign out of the door. I mean it wouldn't bring in THAT many people right away, when you are just starting out you are not making that much money neither so it wouldn't really be productive. When you have thousands of players gambling on your website most of the time you can just use your profits to get bigger, so lets assume you make 1 btc a day and then you go out there and spend that 1 btc a day on marketing and then get more players and now you are making 1.2 btc a day, that is the profit from the marketing so you get bigger I was kidding, of course Somehow I thought that would be pretty obvious but you know you never know. The site can well be considered still in the very early stages of development, so I'm not even sure whether it will be able to process an influx of gamblers coming from all over the forum if OP actually decided to run a signature campaign here. With that said, though, you can always test waters with this starting small like paying a few good posters to see how it actually goes (as we never know how it is going to pan out in the end) |
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It will simply never happen. Anyone with a brain will be selling everything they own and buying Bitcoin at sub $1000 if it happens, let alone sub $100, so basically it will not happen If you browse the forum, you will see a lot of this stuff posted a year or so ago, like if Bitcoin falls below 10k (or whatever), you should sell everything and buy it without ever looking back. Hell, some dude had been outright insane claiming that millions of dollars had been sitting in the orderbooks waiting for prices to decline a little. And that was in December 2017 when we were near the top, so I'm singularly curious what he thinks now. In fact, such a careless attitude is bound to end in a disaster sooner or later Though not necessarily with Bitcoin |
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even though we see a lot of videos read books and know that if we do this, we will be profitable but at last we do same mistakes and lose what could be the reason 1) practice and experience 2) with fear of losing or missing profits we just f*** our trades 3) patients 4) or what other reasons could be?  ?? please comment Trading, just like football is a skills that the trader has to develop. One thing that many of us has forgetting is that only the skillful and professionals really make money from the market. If you are not skill in trading you will keep losing. I could remember this saying in forex that 95% of traders lose money in trading and only 5% makes the profits that 95% lose. Many traders are not ready to spend quality time in learning how to trade professionally instead their are focusing on the profits their can make from the market. What about luck ? You guys cant just forget . i guess that is the reason on why the op and most of us are kept on loosing in trading because we only depend on our skills and other traits but we forget that trading also needs luck because it is like gambling . we cannot possibly predict the outcome of the price even if we based on the charts or any other detailed guides out there I don't really think this is the case here Though I agree that cryptocurrency trading is pretty much like gambling. What I think is that people were blindly believing that Bitcoin was going to rise only. If you read the forum a couple years ago, everyone was euphoric about Bitcoin's future. So instead of getting out of their positions immediately when things turned from bad to worse in early 2018, they started adding more to their market exposure. Obviously, this couldn't end well |
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I consider Bitcoin is definitely not a currency that has matured, at its height the the transaction costs of moving BTC minors fee was so expensive which has been rectified by consolidation of many transactions into one movement in the transaction of BTC Things have dramatically changed since then I guess many of us would be extremely curious to see what would happen now with LN and SegWit in the mainnet if we were to face the same situation. And that would be a decisive answer to your stance that Bitcoin hasn't matured as a currency, though I'm strongly inclined to think that people would just start using LN in earnest to avoid the exorbitant fees we had to pay in 2017 I consider Bitcoins future is just going to be an asset class such as gold. Hopefully in the future the industry will progress whereby other crypto currencies untie from Bitcoin as of now Bitcoin's value determines the value of all other cryptos. This proves we are all in an emerging market  I do believe that Bitcoin will become an extreme high value asset and untied from alts altogether imagine Bitcoin in 350 years that's where I think Bitcoins use-case will be I essentially agree with this part as Bitcoin will likely be a "digital gold", i.e. a store of value rather than a means of payment if it is going to succeed big time in the future |
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Ironically, Buffett is really a smart person
As he was telling what was going to happen and really happened. If people actually listened to him and what he was telling about crypto, we wouldn't have so many disappointed and despaired, hapless and hopeless bagholders now. And even more ironically, without them, without all this relentless speculation, we might have been much better off in terms of adoption by now. As you can see, things are more complicated than they look at first glance
It may be smart for you, but for me it's a pretty stupid person if we look at his statements from 2013/2014 where he say bitcoin is just a mirage or tulips. How a smart person can miss the opportunity to make big profit, was not it wise to invest in bitcoin back in 2013 maybe? Well, Warren Buffett is not a god after all Personally, I don't agree with him and his words on Bitcoin, but we should take into account which business and investment environment he comes from. It just means that we shouldn't blindly trust anyone and their word, be it in favor of crypto or against it. On the other hand, I perfectly well understand why Buffett and investors of his caliber may not be interested in Bitcoin. It is simply too small and too risky, so it is not worth it to them Let's look at an example of investment back in 2013. Buffett have around 49$ billion at that time, and bitcoin price was 130$, so if he was smart and invest in bitcoin maybe only 1$ million, today value of that coins would be 7692 BTC times 3400$ = 26 152 800$ If he invested 1M, he might in fact have been able to profit handsomely in %% terms. But 26M millions is simply dust to him in absolute terms. But if he invested 1B, he would be a bagholder by now. I leave it to you to guess why |
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There are alot of trading platform that allow to trade crypto with margin, but we have to know which level leverage that they offer and we should be choose that have low leverage and they provide demo account. I prefer to use metatrader platform to trade crypto with margin, because in this platform also available others pair of others asset, so if price of crypto sideaway we can trade on that others asset.
Those who offers demo accounts will be a good start for any traders who's new to this type of trading, you can take advantage trying how things works without losing your money, the demo account will help you to predict and assess what influence do the trade will move and by keep doing your practice you will be able to anticipate the movement I'm not sure if there are demo accounts for that You see, margin trading involves a lot of really complicated stuff on both ends of the stick. It is demanding not only on you (in terms of trading expertise) but on the exchange as well (in terms of technical complexity), so it is unlikely that you will be able to find demo accounts offering this type of trading to novice traders Further, such demo trading can in fact turn harmful in the end, especially if it is a bit different in respect to things like margin calls and similar tricky matters. In other words, you can easily get into wrong habits which may cost you dear when you switch to real trading |
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Those who invested in bitcoin way back 2009 had not experienced any bull run before nor have much knowledge about the blockchain technology, yet they took the risk to invest. You and I have witnessed a bull run and heard about the numerous potentials of crypto so why do we still have to feel reluctant to invest in bitcoin. Let's be optimistic about our digital assets because its all we have.
I dont believe people don't want to buy. People want to buy but want to be sure that their asset will retains its value or rather increase it and not lose its value. more so, there is not clear explanation for the price dump and that itself could be frustrating It doesn't matter what people want As it is what they actually do which counts in the end. People want to buy at the bottom, and this is what your "people want to buy but want to be sure that their asset will retains its value" essentially boils down to. But who is to pay for the party? If everyone wants to buy at the bottom (which is understandable), who is going to push the prices up really? You see, prices can't grow without someone buying all the way down or up the road |
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