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5921  Other / Politics & Society / Re: Proof BLM is racist or irrational on: June 16, 2020, 06:24:18 PM
a statue of Thomas jefferson has been violated, because he was also a "slave owner"

nowadays equity owners are in principle something similar.

but,

if BLM truly cares so much about slavery, why is it just tearing down statues of slave traders and slave owners from centuries long ago.

why aren't they protesting against the current slavery in Africa. why so hypocritical?

also why do they call the police when someone drives into their protesting rallies?

the only logical answer is BLM is simply a racist movement, otherwise it would protest for the current slaves in africa and not attack figures of american colonisation and foundation.

The thing about BLM is that they are against racism, but only one type of racism - White on Black racism. They don't bother about any form else, which is already a grey area.

Morgan Freeman said it best, if you want to get rid of racism, stop speaking about it. The movement itself is categorizing people based on their color. If they would just stop with calling people white and black it would help. Also, I don't understand why it's still fine to if 2 black people call each other the N-Word. Everyone should just stop using that word. So the next generations growing up will never hear it.
5922  Economy / Gambling discussion / Re: Home Court advantage = Not an advantage now because of no-live audience? on: June 16, 2020, 10:42:27 AM
Soccer (2018–19 Premier League)
Home team won 181 matches (47%)
Away team won 128 matches (34%)
It seems there is an issue with those figures, you forgot to give the draw rate.
The topic is very interesting nonetheless, you're right, odds will be(must be) affected by this criterion, and bettors have to be aware about that.

The draws should just be the remaining numbers, i.e. 19% . Or am I missing something?

I don't think it's only the audience being the criterion for higher winnings on your home court. The players just feel more comfortable in their own environment, they know the stadiums, it's their usual locker rooms and they don't have to travel so far and sleeping in their own beds. I believe that even without the crowds present and cheering the home team should be winning more than during away games.
5923  Economy / Gambling discussion / Re: US Presidential Election 2020 on: June 15, 2020, 02:17:49 PM
I am not very excited with the performance from Biden so far. He has failed to energize the core voteblock of the Democrat Party. I hope he may get some boost, once he announce the VP candidate. But he needs to be more active. And one thing we need to analyze is the impact the COVID 19 pandemic can have on the voter turnout for the 2020 elections. I am afraid that it is going to affect the voter turnout in inner city areas. If that happens, then Biden would be in trouble.

Same here. I don't understand why the Democratic Party is always pushing not their best candidates. Like with  Hillary Clinton 4 years ago was just unlikeable as a politician. It wasn't about her gender, it was all about her strategy to be viewed as good person, trying to change things. But in the end she was lying and just another politician. Voters want someone to relate to and not someone who is trying to hard.
They are doing the same with Biden now, he is just too old and doesn't come across as very likeable. I think the democratic party needs to reform its self. Get a younger candidate where people actually can relate to.

How much are you guys betting on the election? Trump seems like the safest bet.
5924  Economy / Economics / Re: How long this crisis will be? on: June 15, 2020, 01:32:32 PM
Some other said that this pandemic will long two years and more. But if the others don't do the healthy measured that need to fight or lessen the virus then its spreading fast and the virus still alive more in years. The only one cure to end this pandemic is the vaccines but we dont know what time is this make or someone already make this. Just always away in the places that have a cases of this virus.

The forecast for a vaccine being found is still around the end of the year, but who knows how detailed the testing is going to be. Having long term studies on the effect of the vaccines will take a long time. And even with vaccines around, I don't think all people will want to take them. In the end it will be hard to totally get rid of Corona.
I believe it will be similiar to Ebola in the end, where every few years we hear news of another outbreak.  Even the plague is still around today in sub-Saharan Africa and Madagascar.
5925  Economy / Gambling discussion / Re: CORONAVIRUS IMPACT ON SPORTS GAMBLING on: June 14, 2020, 05:57:34 AM
Their decision for reopening of casinos today is for the sake of the economy and the jobs of thousands of people. Basically, if we resist to lock ourselves down, the country will not be productive and the economy will fall. If we will implement strict sanitation, we might somehow lessen the spread of the virus, but the best response to this case is to stay at home and utilize alternatives such as gambling online and watching TV. Though the fun isn't the same, we should acknowledge our situation and do the best way we can to lessen physical interaction.

When the vaccine is out in public, I'm pretty sure we can go back to the lives we have before.

This is a very hard decision to open the casinos again and only time will tell if it was the right one, or will lead to higher corona numbers again.

I am not a 100% sure, but I believe there is no vaccine available yet. And even if they scientist found one, it will still take months to mass produce it for the hole population.

In the meantime we need find away to have the economy running, but also protect those most vulnerable to covid-19, old and sick people with preconditions.

I believe humanity will find a new normal state though this crisis.
5926  Economy / Economics / Re: What can you buy with 0.01 cents (1 penny) ? on: June 13, 2020, 01:33:48 PM
I don't think there are any goods you can buy with 0.01 EUR in Europe. Maybe you can try to negotiate and find a friendly seller who would cut you some slack. But in the end, it wouldn't be worth it.

Also, how would you pay 19% tax on 0.01 EUR?  Cheesy

What you can find for free, are old homes which are falling apart. But if you buy them for free, you will have to refurbish them. So there is a lot of hidden cost involved.
5927  Economy / Economics / Re: What brings economy of a country down. on: June 13, 2020, 07:40:08 AM
If the country is under the pandemic means the economy of this are not good well. But if the government gives some mandatory to their people , government can open an establishment that need in this situation. Like groceries , pharmacies and many more that can help to rise economy that can help to maintain not as big but good to the government . But we know that is not an easy to the government to back the good economy under pandemic.

Yeah but the government backing a patricular sector needs to come from somewhere. Either they take away funding from a different sector, for example freezing in the pension payouts for sometime while increasing social welfare spending. But this will most of the time not really help, just shifting the problem from part of the country to another.

The other way of the government to support their country would be to print new money. But then internationally the value of the currency will start to decline making it worth for any imports. It's very hard to support your economy and still remain competitive in the long run.

As  for giving out new debt, it always needs someone to buy that debt. And if the hole world is in crisis mode, it might be particular difficult to raise new funds.
5928  Economy / Games and rounds / Re: █ ★☆★777Coin★☆★ █ ✔ Full Range of Games ✔ Instant Withdraw ✔ Free mBTC! on: June 13, 2020, 07:27:52 AM
Username: Mauser

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5929  Economy / Gambling discussion / Re: No House Edge -- How Will It End? on: June 12, 2020, 02:56:44 PM
A player that has sufficient bankroll cannot go bust mate, because the RTP will always return to the theoretical RTP of 100%. Yes, there will be variance; however, it will return to the theoretical after xxx bets. Meaning if a player wagers $1 he will get $1 back.

Anyways, sure one can get bust if the bankroll is not sufficient. *I use the term "sufficient" because I believe we don't need to have an infinite bankroll in order to see the "stability."

The variance can be quite large, but if the number of games is fairly large and the bankroll is big enough, both players should just end up with their starting balance.

So why would someone play a PvP game with 50% winning chance?

Also, who is running the site? No expenses, or is just a simulation?

I think PvP only becomes interesting if people believe they have an edge over the opponent, but if its clear from the start everyone has a 50% chance, there would be no fun involved.
5930  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: TAKE A TEST — Which cryptocurrency are you? ₿ on: June 12, 2020, 12:34:19 PM
Quote
After a long, hard week, there is nothing better than an insanely wild party.

That's an interesting way to start an online survey for crypto currency Cheesy

I am not a Bitcoin guy  Huh That's very sad. Just another ETH guy, looks like most people here ended up with ETH.

Can you show an breakdown how many different kind of people there were at the end of your test?
5931  Economy / Gambling discussion / Re: What are your recommended ways of gambling. on: June 12, 2020, 09:39:07 AM
whatever the game is that doesn't rely entirely on luck,
because it was very annoying for a time.
yesterday I was playing dice with a 50% chance of winning and throwing 8 times and never won at all, it was very strange where the odds were 50:50 and from the 8 throws I never won.

8 times in a row is still alright, but definitely frustrating. In the beginning when I was doing just the old double up method betting on roulette. I ended up going broke because it came 14 times in a row black.

Sometimes it really feels rigged, but I guess thats just probabilities. Now I only take a small amount I am willing to gamble, and I am also trying to get higher payouts than 2x.

Better not to think too much about the losses.
5932  Economy / Gambling discussion / Re: Do you keep a spreadsheet for you wins and losses for tax purposes? on: June 12, 2020, 07:08:00 AM
Never did this way. I gamble for fun and not seriously for money. I assume that people who record their wins and losses on a spreadsheet, totally gamble for money only. In this way, someone will count regularly how much he spent money and how much earned money. It is too serious for me, and will be useless even I know to have more losses than profits. I am aware that I never expect to earn regular money from gambling because it is almost impossible. So, I don't care about how much money I spent. You know, making a list of losses in a spreadsheet will actually stress us out!  Cheesy

I think it also depends on the country you live in. While you might need to tax any large winnings you receive, it's also just Bitcoins you win and maybe keep. For me personally, I would only record a profit when I actually sell my bitcoins and realize any gains. For as along as I am just holding my bitcoins I would not pay taxes as the prices can always fall again. So if there is actually more money in my bank account I would add it to my tax slip.

As an investor I also keep track of my money invested and current price levels. For gambling I just do a rough estimate monthly on how much money I spent. Micro managing your winnings and losses in gambling kind of takes the fun away.
5933  Economy / Economics / Re: If Recession Kicks In, How Will Bitcoin Perform? on: June 12, 2020, 07:01:48 AM
First of all, you need to protect coins from falling prices, inflation, and volatility. Now many wallets offer secure staking, exchanges too. You can still consider the option of structured deposits.

Not sure if I understand it correctly. But first of  all everyone should store his bitcoins securely. With only a few hundred bugs, its fine to use an online wallet. But if you own a substantial amount of Bitcoins (> 0.5) I would not rely anymore on online wallets. Security is king if you  want to keep your bitcoins, but this will of course not protect to you from falling princes.

If you are actively trading with fast reaction times it might be worth to sell some of your holdings in a general market sell off. If  the recession will kick in, we probably see falling prices across the all asset classes. In the long run prices will rise again as always in history, I would make sure to invest again if you find decent levels to buy.
5934  Other / Politics & Society / Re: Does Mass Surveillance Lower Crime? on: June 11, 2020, 07:20:52 PM
Mass Surveillance and Crime

Government's propaganda states that mass surveillance can help decrease crime rates.

On the contrary, many "soldiers of privacy" all over the world argue that mass surveillance not only acts as a serious threat to human freedom, but it's also quite ineffective about preventing and fighting criminality.

Are there actual data that support the latter or the former opinion? Otherwise, without proper data, they are just opinions and ideology.

I don't think mass surveillance really works, because you will never be able to cover 100% of the area with cameras. There will always be shadows and blind spots. Overall camera might help to reduce crimes in certrain area - for example if you want to make the city centre safer - but in total I don't think crime rates will drop. Crime will simply move it to other locations.
5935  Economy / Economics / Re: Bitcoin can never become a currency. Part 1: scarce supply. on: June 11, 2020, 05:00:24 PM
Yes that is for sure. A supply of only 21 million coins will never be able to become a common currency. Many people still believe that bitcoin will be something huge in the future but they do not know that bitcoin is not fully qualified to be a common currency. It is merely a type of high-value non-physical asset and is being used for whales to take full control of this market.
It is qualified to be a common currency, just like every other currency it can be divided into parts also it can be stored easily by anyone,even it is better than cash as you have the anonymity while using it, no one can know who was the person behind the transaction and most importantly you can have billions of dollars in a small space like a smartphone all you gotta have is internet to access those funds, it is more secure than your bank account, etc etc. Only con in this is that the transactions sometime takes a lot of time to get confirmed otherwise it is better than cash, at least for the literates.


As long as you have internet access, it's definitely better than cash. The only problem is that no country in the world will give up it's autonomy above money supply for free. Especially in crisis times like the corons crisis right now. All the big countries around the world are currently injecting a lot of money in the economy.

The only thing I see possible is that once we have a bigger pressure from countries like China or Russia in the global markets. That people start moving away from the USD and using different currencies to settle international trade. Bitcoins would be perfect for that as it's not controlled by any governement.
5936  Economy / Gambling discussion / Re: House Edge -- Is It Really Required? on: June 10, 2020, 07:38:57 AM
Because I am a businessman, I will look at the house edge from a business perspective. Which in my opinion is very important house edge
for casinos. One of the casinos income is obtained from the house edge, if there is no house edge I am sure casinos will not last long.For us
gamblers, we must understand that every casinos has a house edge, that's part of the profit for casinos.

For an online casino, what other sources of revenues do they have if not an house edge? If they would only run games with payouts exactly in line with there probability of winnings, the casino wouldn't make any money in the long run. But they still have to pay their employees, servers, maintenance, security, and so on.
Without any edge, the casino would just lose money every month. Better to give your money to charity then I think.

An alternative would be to fill your website with Ads. But who wants to play on casino where you are getting constantly pop ups? I wouldn't enjoy that.
5937  Economy / Games and rounds / Re: █ ★☆★777Coin★☆★ █ ✔ Full Range of Games ✔ Instant Withdraw ✔ Free mBTC! on: June 10, 2020, 06:42:31 AM
Username: Mauser
Thanks
5938  Economy / Gambling discussion / Re: Did Covid-19 affect crypto gambling? on: June 10, 2020, 06:40:08 AM
Covid-19 has no effect on gambling but rather has increased the demand for gambling Because of the lockdown everyone is leaning towards online gambling without wasting time sitting at home. Many play for fun. But most people are participating in gambling to overcome the financial crisis The demand for crypto is increasing along with gambling Covid-19 hurts the country's economy but has no effect on crypto and gambling.

It is fact that suddenly the demand for the gambling during this pandemic times would have shoot up as many who could not visit the casinos due to lockdown might have moved to online and thus many gambling sites would have seen a huge traffic in lasts 2 months . Also we are seeing new bonuses , free spins etc offers are also being rolled out to attract more customers .

I agree that there is a large rise in demand for online gambling, because the casinos are closed. A lot of people who play regularly in a physical casino can't do it anymore. So the only solution is to play online. Also, people have more spare time at the moment and a lot of people work from home, saving  time in commuting to work.

The only backlash from covid 19 would be that people are not so willing to spend a lot of money, I would assume that we see more gambling for smaller amounts than we have seen before
5939  Economy / Economics / Re: Bitcoin vs. Gold: which has been more of a safe-haven asset in 2020? on: June 09, 2020, 02:42:02 PM
with barely 6 months into the year, 2020 has been dramatic and very eventful with the stock market slump, march 12 Bitcoin sell-off, oil price trading in the negative, etc. From the investment perspective, taking YTD Bitcoin and Gold performance amidst this ongoing pandemic which asset has upheld the safe-haven narrative between gold and Bitcoin?

Gold at the moment is already very expensive at the moment. If we see are further spread of corona  and a general decline in global demand if believe people will prefer holding cash than gold. So investing at these levels (above 1,700 USD) I don't see much upside. It might be okay to store your value, but you shouldn't forget that the gold supply is not limited. One day there might be a new deposit found and the gold price could drop again.

Bitcoins on the otherside are limited in quantity. I think in the long term Bitcoin is a much better safe haven asset. The overall trend of Bitcoins will be upwards. Everybody should hold atleast some BTC.
5940  Alternate cryptocurrencies / Altcoin Discussion / Re: Is ETH better than BTC for payment? on: June 09, 2020, 01:34:36 PM
That's quite interesting, it's true that the block  size for BTC is fairly large.

Personally, I haven't used  ETH for payment yet. For larger amounts I just use BTC and for smaller payments I use Bitcoin Cash BCH.

What are your thoughts on BTC vs ETH?
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