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5301  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum fees are becoming like Bitcoin fees on: July 16, 2020, 11:07:30 PM
The fees are high because miners probably overwhelm the network to collect higher fees for transactions. I do not understand why developers do not come with any fix that will solve this problem.  Roll Eyes
This is not true, the fees on ethereum chain is still stable at this moment. It looks like he was missing something about this. The solution will be fully implemented in the next update and you must watch what will be implemented after serenity update.
So here we go again? The last time that we heard about newbies complaining about ETH gas fees is during cryptokitties rise 2018 if I'm not mistaken. So to the OP, you really need to learn how to set up gas fees similar to bitcoin. There could be updates coming, but everyone should understand the economics of crypto mining, sometimes the gas fees will really shoot off because there are a lot of transactions happening. But most of the time it will flatten out and be back to normal.
5302  Economy / Gambling discussion / Re: [ BOXING ]: Fury vs Wilder III in Las Vegas on 18th July 2020 !!! on: July 15, 2020, 07:08:06 AM
The reason Wilder took the third fight is because his ego is not accepting the defeat and even though there were talks about paying him off it was evident his ego will not allow that to happen and he was even questioning the legacy of Mike Tyson in the past few months about the top fighters he faced during his career.

This is the last chance he gets he needs to give it all in this fight because Fury might get retired after this fight. As I said before, He needs to come up with a new kind of strategy to counter Fury's veteran's moves. If he won't change his strategy and didn't acquire any traits from the training, history will repeat and Wilder will face another humiliating loss again. Fury can quickly adapt to Wilder's new movement he needs to remember that as most of the veterans acquired this kind of skill from the countless fight of their career.                                                   
If Fury wins, I doubt that he will retire, he has agreed to fight AJ in the future, with all British heavyweight fight, so that's a lot of money as well. As far as his trilogy with Wilder, Arum being the promoter he is, and with his history of making tons of money, he will wait for the perfect time to make this fight happen with fans, as least 3/4 of their targeted revenue can still be achieved and hit even if we are still in the pandemic.
5303  Economy / Speculation / Re: Miner's Strike! on: July 15, 2020, 06:46:57 AM
That OTC market is not something magical where you can go and sell at any hour of the day any amount, if there is no demand the miner has nowhere to sell. If the OTC deals were taking care of twice the volume in the past it either means that OTC dealers now get their supply for other sources which of course should have been seen in the price or, simply there is no demand at all and the whole thing about miners dealing mostly OTC was another myth.
There are two possibilities:
Miners still able to sell only through OTC or miners prefer to hold with the plan of selling my Christmas times.
Because, we are not having prices drastically falling if there is no enough demand in OTC markets and miners move into spot markets.
That's one possibility that they are going the OTC route, but the thing is that it won't affect the price drastically and we might not even know it.

Yes before halving, miners might have been selling twice the amount of BTC than what they may do right now which makes us to assume that no selling pressure is being created by miners but obviously bitcoin market is lagging with new investors after pandemic. Fortunately bitcoin prices are stable which means new block rewards are somehow within the range of pandemic-hit demand levels. So, if there will be a recovery in our normal life which will impact on investors level as well so we can expect BTC prices to skyrocket because we are having lesser supply than what we had in last 4 years.
We can only assume as we are still in the pandemic. Its good to see the that price is relatively stable, maybe the demand is not that high today. But it will soon evolve as well, and we are hitting record high as far as hashrate is concern, so there's no miners strike at all.
5304  Economy / Speculation / Re: 'Ferocious Rally': Weiss Ratings Bullish on Bitcoin, Price to Hit $70K Next Year on: July 15, 2020, 02:49:09 AM
I love how they call it "Ferocious Rally", first time that I heard that adjective being used to define future bitcoin bull runs. I guess it's just a matter of time before we hit that numbers, but with the pandemic still around, I doubt that we can get to it next year though. Investors are still unwilling because of the looming financial crisis due to Covid-19. I really don't know if this "quantitative easing" will benefit bitcoin or crypto in general. We have seen the Feds pumping money last May, but it didn't have that much effect on the price long term.
5305  Economy / Scam Accusations / Re: [SCAM Alert] Cradano (ADA) fake giveaway. Promoted by hacked youtube channel. on: July 15, 2020, 02:09:35 AM
Are these Youtube channels really hacked or they sold it to these scammers there's to many of this right now, the scam section is now populated with reports of scam Youtube and Facebook giveaway, I'd like to believe that these Youtube owners sold their channels to these scammers.
It doesn't matter if these is sold account, it is pretty obvious that the themes have suddenly change into a scamming channel. Or maybe you can asked yourself, you have work so hard to build your channel for a while, it takes years and then you suddenly sold it to scammers? Scammers are talking advantage of ADA because it is making a good gains in the last couple of days and pushing it bad narratives to victimised crypto investors.
5306  Bitcoin / Bitcoin Discussion / Re: Philippines SEC warns against crypto investment. on: July 15, 2020, 01:55:46 AM
There are many countries in the world who say they will do it but do not implement it. Yes, some countries have banded crypto investment for their country. But the situation in the Philippines has gotten so bad that the government has been forced to do it. I think this is a good initiative of the government to save the people of the country from scmmers

It all varies on its citizens because no matter how they do imposed strict regulations or some sort if people of that country is still too greedy when it comes to any investment
Greediness + investments come hand in hand, that's why it is called investment in the first place because they wanted to grow their money. And they think that the can multiple it rapidly.

then for sure they would really be ending up on being a victim of any scams out there not only limited to crypto  but also on traditional way of things.

People should learn up much on how these scams work and dont let themselves to fall due to their greed.
And with scammers sweet talk, anyone can really fall for this trick. But at least the government is giving the warning before it is too late, so nothing is wrong with that.
5307  Bitcoin / Bitcoin Discussion / Re: Upgrade Stole My Bitcoin on: July 15, 2020, 01:06:46 AM
The thought of losing just a few satoshi from this scammers and unimaginable, what more for 3.5 BTC. I hate to say this, but to really learn our lessons here, most of time we need to be a victim before we realised what we really need to do on how to protect our assets. This scammers are not going to stop here, they will continue until they victimised again. Electrum is one of the best wallet out there, if you really know how to used them.
5308  Alternate cryptocurrencies / Altcoin Discussion / Re: LTC out of top 10 coins on: July 14, 2020, 11:30:53 AM
But according to https://www.coingecko.com/en, LTC still ranks number 8. So it really depends on where you look at it, but nevertheless it is already losing a lot of value as ADA and LINK are making a good run. LTC is still a solid coin though, it has been in the market for many years although it doesn't have any purpose except being the "little brother" of BTC and has been used as testing ground like the halvening. So probably in the next coming months it could really be out of the top 10 altcoins.
5309  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Are Ads on Coinmarketcap Legitimate? on: July 14, 2020, 10:49:11 AM
We often see coinmarketcap has lots of ads like advertisements that say give ETH bonuses and so on.
It is just advertisements, so I still wouldn't trust it just because it is being shown in coinmarketcap.

Because now Coinmarketcap is owned by CZ, do they research that project or only accept money without doing research?
We will see, but remember that CZ has investments millions of money here, so he will definitely accepts projects wanting to advertise on their platform. So there is still that risk, that they can't filter out scam projects and could advertisement them inadvertently. We still need to look at every project that you are going to invest.
5310  Economy / Speculation / Re: Would you buy/use Bitcoin if you knew its price would not reach a new ATH? on: July 14, 2020, 10:33:36 AM
I voted Yes, been buying/earning bitcoin in 2017 and I have used it literally like a currency to pay my basic needs up to this day. Of course a new ATH will be great and have been an upside specially if you have bought and then the price suddenly jumps some X%. And I think people will continue to buy despite the price going somewhat stable. It's been a stable for investors, specially when we talk diversification.
5311  Economy / Gambling discussion / Re: how big? on: July 14, 2020, 10:11:35 AM

         416,141 - total wagered
less : 214-861 -Won by users.

total: 201280, based on the current rate, (http://preev.com/)


201280 wagered doesnt mean that thats the total amount that they had generated in terms of profits and this is where you do consider on calculating the house edge.
When it  comes to true statistics on how much these casinos been earning then this one is mostly on the private part excluding to those who do show off numbers
but we cant still ensure that those are real-time ones or excluding out some part of it. We wouldnt able to know behind.

416,141 btc  was the total amount wagered, the 201280 btc was their net revenue from the start of their operation, so they have turned their casino to a billion dollar business already. Kindly review the computation and please get back to me if there's an error in the computation.
We wouldn't know the real numbers, I agree, but at least we have a ball park number on how one casino can make profits in about 5 years time and that is a huge money. And that is just one casino alone, maybe there are big casinos also operation and the profits are close to that numbers or some new casinos that are on the way to target that amount. So online casinos are really getting bigger.
5312  Alternate cryptocurrencies / Altcoin Discussion / Re: My eye opening advice about crypto projects on: July 14, 2020, 09:57:41 AM
I agree with the utilities, we haven't seen any project that has real life usage or has a complete use case. Almost all of the projects that are mushrooming are simply a copy of previous successful projects. But what makes it sad is that there are still a lot of inexperienced investors that still fall for this kind of frauds. They thought it will be the next big project, jump on the bandwagon without research and then complain when they have lost a lot of money.
5313  Bitcoin / Bitcoin Discussion / Re: Bitcoin.com uses bitcoin cash as default currency on: July 14, 2020, 07:40:09 AM
There are always scammers but bitcoin.com seems always legit. And bitcoin.com is not a scam. At least not directly like fake giveaways.

I just don't find the reason of not buying it. bitcoin.com and bitcoin.net redirecting to bitcoin.org, that's all.
It's because Satoshi doesn't really need to do that, and I also thought that Satoshi didn't think that his creation will really go this big in just short amount of time. So he never see the future and no way for him to know what is going to happen. It's just in the last 4 years or so, this thought of getting this domain has enter the minds of those people who have been involved early. However, Roger Ver take advantage of the domain name and mislead a lot of bitcoiners.
5314  Economy / Gambling discussion / Re: [Boxing] Who should Ryan Garcia fight? on: July 13, 2020, 10:48:48 AM
Thanks, I thought I was the only one who see this whole fight as a setup to make Garcia look good again. And they are also good to make Campbell can pull an upset and outsmart Garcia in the ring. But in my opinion, Campbell doesn't have the right tools, that's why I said this is a cherry pick and easy fight for Garcia. But the odds won't be that attractive for us boxing gamblers.

I'm also inclined that indeed this fight is a set-up for Garcia for that big fight in the near future. I just can't understand why Garcia kept on whining on why he has not gotten that big money fights, have they not communicating?
Because fighter like him at a young age, really wanted to showcase their skills and make a name for themselves. It takes time and of course a good promoter like Oscar. He doesn't need to go after his promoter and the good thing is that everything has been iron out already.

When it comes to betting, i'm sure Garcia would be the huge favorite here and as i've said that if the odds is 10x for Campbell then still i would bet for the later  Grin. In boxing, there is no such thing as an easy fight and the probability of an upset is always there and i love to gamble for that lol.
I agree, it is better to throw some money on Campbell specially if the odds are going to be like 10x. Small risk but big rewards.
5315  Bitcoin / Bitcoin Discussion / Re: Bitcoin.com uses bitcoin cash as default currency on: July 13, 2020, 10:24:14 AM
@Yaunfitda I remember this very well because Roger had the audacity to term Bitcoin Cash as the real bitcoin, and due to this many people ended up buying his worthless coin, and then they regretted their purchases later on but it was too late as BCH prices crashed and they were stuck with a fake bitcoin. @Lucius indeed he tried unsuccessfully to fool people that Bitcoin Cash was the real Bitcoin, and he was supposed to be sued for this, but then the case never really materialised, and he escaped punishment for fooling people and playing with their sentiments.

Source:

https://www.crowdfundinsider.com/2018/04/132699-bitcoin-users-may-sue-bitcoin-cash-and-its-ceo-roger-ver-for-brand-overlap/
I still remember those days wherein we are under attack from Ver and his co-conspirators. Crazy times but they are unsuccessful and so other attempts to overthrow BTC, like the so called Flippening (ETH) and Rippening (Ripple). BCH though remain in the crypto sphere but they will never achieved their main goal.

@BlackHatCoiner  - regarding Bitcoin forks, here is one prime example why they are very prone to 51% attack. A Bitcoin fork, known as Bitcoin Gold has been attack again, the third time: https://bitcoingold.org/emergency-update-0-17-2/

Also for those who are interested, you may want to read my thread here: How many confirmations are equivalent* to 6 Bitcoin confirmations?.
5316  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoin market continues to gain momentum on: July 13, 2020, 09:55:21 AM
I know it will be a joy for everyone in crypto space to see the actual reality of news like this.  At least one of the altcoins I have personally witnessed its bull run recently was a newly listed 2018 project called Invox Finance.  It rose from -1.52% to +634% in just overnight.  I am optimistic that if Bitcoin stability continues, there will be more improvement in the price which will also affect altcoins positively as we anticipate the probability of bull run come year 2021 or thereabout.
Obvious pump and dump. A trading volume of < $1k. LOL.



Just to be fair, I'm seeing a lot of altcoins really making significant gains over the last day or two. And I was surprised to see the dominance of BTC going down, but it is still very high. If there is an altcoin bull run, I'm expecting the dominance to be in the 50% range. Otherwise, this could be some projects are just being pump, or they are being listed on top level exchanges that's why the price has grown in the last couple of days.
5317  Other / Meta / Re: Asking... (Mr. Big) on: July 13, 2020, 09:37:43 AM
It looks like this is a newbie mistake, she unfortunately, put her thoughts in the quote itself. But she also put the source below, so I don't think this constitute a perma-ban, in my opinion. Regarding her IP decaying overtime, maybe someone can enlighten us how long before it decay. So she has an idea when to create a new account if ever she really wanted to join this community and learn and be part of it.
5318  Bitcoin / Bitcoin Discussion / Re: Bitcoin.com uses bitcoin cash as default currency on: July 13, 2020, 09:06:53 AM
This is no secret, the people behind that website is pro BCH and it mislead a lot of newbies. If you have been long enough, you will see threads after threads about newbies thinking that it's BTC that they are getting and they go on a lot of problems. And they don't want to mentioned BTC, they call it Bitcoin Core, LOL. And according to them the real BTC is Bitcoin Cash.

@Lucius has a good thread about it, How Not To Buy Fake BTC!.
5319  Alternate cryptocurrencies / Altcoin Discussion / Re: BTG: Bitcoin Gold suffers another 51% attack on: July 13, 2020, 08:50:50 AM
I posted this around December of last year, How many confirmations are equivalent* to 6 Bitcoin confirmations?. Everyone should how the "immutability of the blockchain" is and how it is not prone to this kind of 51% attacks. I advise everyone to read that thread. There are a lot of interesting knowledge share in there, and this attacks have been touch base in the discussions.
5320  Economy / Gambling discussion / Re: Las Vegas Casinos are open - end of the Pandemic era. on: July 12, 2020, 04:11:10 PM
We must find a balance between keeping people safe and protecting the economy, the problem is that many people do not listen, as soon as the economy was opened they went to the streets as if nothing was happening and they took no precautions, things are so bad that were I live some businesses had to close their doors again, people are mad about this but the pandemic grew out of control in the few weeks everything was open so we can only blame ourselves for the current state of the economy.
Cooperation is the key here.
Finding the balance here is hard knowing that if the people won't work, it will be bad for the worker and the economy itself. Even though many are imposing protocols regarding the virus, many are still hard-headed and don't follow these rules. Many are still going outside without masks.

Our president already said to these hard-headed people "We already warned you several times already. If you are infected, it is not our fault already." which is I agree on it. If a person doesn't follow the rules, it is not the fault of the government already. Most of the businesses here too are closed either permanently or temporarily which is quite unfortunate Sad.
Some people are simply unable to accept the truth, it amazes me that some people are still denying the existence of the virus and claiming this as the reason why they do not take precautions, it is as if they do not see all the people at the hospitals that are there suffering because of this disease and unfortunately it is because of them that this crisis cannot be solved in a more swift manner and affects all of us that are willing to take the precautions so the economy and many different businesses, including casinos, can remain open.

US President Trump wear face mask for the first time in public:



So it seems that he is no longer ignoring the hard facts that this pandemic has hit the US and is out of control. Regarding the topic,

Quote
By 11:59 p.m. Friday, he will close the bar for the second time this year. A spike in COVID-19 cases led Nevada Gov. Steve Sisolak’s to roll back reopening for businesses like Jackson's, forcing bars without food to shut down.

https://www.rgj.com/story/news/2020/07/10/nevada-bars-closed-las-vegas-casinos-open-governor-sisolak-update/5414497002/

It's really hard to open casinos as gamblers are going to flock and its hard to control the spread despite the many protocols and guidelines.
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