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681  Economy / Gambling discussion / Re: What's your favorite crypto for gambling? on: July 11, 2020, 08:05:21 PM
But I greatly dislike the high fees and slow transaction throughput on the ETH blockchain. I have tested both TRON and EOS, and they're far superior than ETH in this sense. While they're not as decentralized as ETH, they certainly provide convenience to everyday gamblers like you and me.

if you're comfortable having your money secured by DPOS, then go for it. i'm not so fond of holding currencies like TRX and EOS---it's just not safe. DPOS=plutocracy.

we've seen some DPOS consensus disasters before. just a few months ago, big exchanges colluded to take over the STEEM network. https://twitter.com/vitalikbuterin/status/1234522463129800709

i don't constantly deposit/withdraw nor do i feel that hampered by fees so i have no need for altcoins re gambling. bitcoin is still the ideal for me, because it's what i actually want to hold and get paid out in.
682  Economy / Gambling discussion / Re: Bitcointalk Poker Series format discussion - Let's keep them all in one place. on: July 11, 2020, 07:52:17 PM
hey I forgot I wanted to bring this up when the series started. In the future for the small final I would like to see us lower the threshold to participating in 3 or 4 qualifiers to qualify for it.

Personally there will just be some games I can't make which can be up to half of the qualifiers depending on my work schedule. This can already negatively affect my chances of qualifying for the main, and feels sort of like a double whammy. Curious what others think about this.

the 5 game requirement does seem like a little much. i think only 1 was required in the first series.

the small final isn't huge from an EV standpoint, less than a buy-in. i'm not too worried about it. tbh, i was fine with just requiring 1 qualifier and letting everyone play, vs barring the top 3 from the championship.

i see it more as just a one-off private freeroll for fun than anything else, not a serious consideration.

There could be a stipulation where at least one of the games needs to be the final 3 qualifiers if the worry is just about people joining early and stopping once they can't make the finale.

that's fine with me if people think its warranted. my hope is the lottery will take care of that problem.
683  Economy / Exchanges / Re: Coinbase on: July 11, 2020, 07:31:42 PM
-snip-
So they are doing a direct listing so current shareholders can sell their shares for maximum profit. Sounds very similar to when Coinbase listed a bunch of shitcoins their shareholders told them to so they could dump their coins...

you gotta hand it to them, these guys know how to make money. i can tell by the way they are timing this move---the stock listing is gonna go parabolic with BTC in the next bubble. early shareholders are gonna cash the fuck out.

The last thing Coinbase needs is yet another reason to ignore their customers. With a stock market listing, their primary aim will shift even more towards maximizing their profits so they can keep their shareholders happy.

they remind me of amazon and uber/uber eats. they cornered the market in the early growth years and are now jacking up prices to monetize that growth. the way they jacked up their fees recently (0.5% at the lowest tier compared to 0.1% at binance US), you can tell they are tapering off from their initial high growth model and moving towards a long term profit-oriented model. they built their brand, now it's time to profit.
684  Alternate cryptocurrencies / Altcoin Discussion / Re: [UPDATED] PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets on: July 11, 2020, 07:10:27 PM
Call me cynical/crazy, but maybe this is how Tether get out of the fact that they have printed millions of USDT out of thin air which aren't backed up by USD, or indeed, by any asset whatsoever. Permanently blacklisting an address like this effectively burns the coins and removes them circulation. Nice easy way for them to renege on some of their commitments.

that seems doubtful to me. there is less than $10 million USDT frozen---bitfinex makes as much in trading fees in a matter of weeks. considering $9.2 billion of tether has been issued in total, this amount of money is a rounding error, so i really doubt tether could be bothered with a scheme like that. as with the USDC freeze, these frozen funds are likely related to law enforcement requests---theft, OFAC sanctions, things like that.
685  Alternate cryptocurrencies / Altcoin Discussion / Re: PSA: Most Stablecoins Can Be Frozen, Even When in Your Own Wallets on: July 10, 2020, 11:49:38 PM
Giving this a bump.

https://www.theblockcrypto.com/linked/70850/centre-appears-to-have-blacklisted-an-address-holding-usdc-for-the-first-time

100,000 USD (C) frozen.

I wonder what the story is behind this.

if you think about it, holding USDC is really no different than holding USD at coinbase. they are both just centrally issued IOUs from an exchange. freezing and confiscation were always a possibility, especially when you consider potential requests from law enforcement. i was always curious about the exact method of confiscation. i guess now we know.

Ironically this is likely to fortify Tether's position.

i was surprised to find out recently that tether has actually blacklisted significantly more. there are dozens of blacklisted (frozen) addresses totalling ~8 million USDT. https://twitter.com/PhABCD/status/1281054838172848128
686  Economy / Exchanges / Re: Coinfirm? Coinbase hack on: July 10, 2020, 11:22:35 PM
Submitted a ticket with Binance US - not them.

Next, submitted a ticket with binance... will keep you posted!

the coins went to a binance.com wallet, not binance.us. unfortunately, they most likely were deposited into an unverified account and the funds have already been withdrawn. good luck though.

The statement makes it a bit unclear if it was user's error or an error on Binance's side though.

some from column A, some from column B.

the accounts were individually compromised, and not from binance's end, so ultimately that was the fault of those customers. on the other hand, binance arguably should have had controls in place that prevented such a large (7000 BTC) automated withdrawal. they considered that a failure and compensated the customer losses accordingly.

from a PR/goodwill perspective, they probably didn't have much choice given that processing that 7000 BTC withdrawal looked really bad---bad enough that everyone simply called it a hack. technically, the exchange wasn't hacked at all. they just had really badly implemented withdrawal controls.
687  Economy / Exchanges / Re: Coinbase on: July 10, 2020, 11:02:27 PM
stock investors will use it as an indirect way to get exposure to the crypto market. there are very few publicly listed companies that currently occupy that niche. actually, the only one that comes to mind is riot blockchain inc (RIOT)---the veterinary healthcare company that overnight in 2018 became a crypto mining company and stuck "blockchain" into its company name.

It seems like a logical continuation of their development, and the only thing they can do at the moment to achieve a fresh inflow of money.

apparently this isn't about raising capital. they don't plan to do an IPO. on the contrary, their shareholders have no interest in diluting their own holdings. i take it they prefer to slowly cash out at high valuations on the open market:

Quote
The company's most recent funding round in 2018 valued the firm at more than $8 billion. The company is more interested in going public through a direct listing than a traditional initial public offering, sources familiar with the plans told Reuters. Direct listings allow firms to go public without raising capital in a stock sale. Shareholders are able to sell their equity without having their stakes watered down by a new issuance.
688  Economy / Gambling discussion / Re: US Presidential Election 2020 on: July 10, 2020, 10:40:16 PM
a house democrat is warning that the same poll skewing that happened in the 2016 is happening again. she thinks trump voters are being severely undercounted:

Quote
“He told me that they fundamentally undercounted the Trump vote; that the Trump voter is not a voter in every single election, that they come out for Trump, so they’re hard to count,” Slotkin said of Al Quinlan of GQR, a large Washington-based polling firm.

Surveys often count people they determine are “likely voters,” but Slotkin learned that a person who tells a pollster that they don’t have plans to vote but may ultimately do so “were fundamentally undercounted.”

“I believe that same thing is happening right now,” Slotkin said.

https://thehill.com/homenews/campaign/506816-house-democrat-warns-about-inaccurate-polls-trump-voters-fundamentally

that's an interesting way to frame things. it does indeed seem difficult to pin down "the trump voter". they say in 2016 that it was a "silent majority" that voted him in, and you can't capture these people in surveys or reliably predict whether they'll come out to the polls or not. it's all just fundamentally unpredictable.

in those terms, backing trump at 2.76 is a good bet IMO. considering how much time is left before the election and the possible narratives that could develop over that time, i'm beginning to lose hope we'll see 3.00 or higher.

Also, I predict Biden might choose Susan Rice as his vice president.

kamala is still the most likely IMO, then susan rice, then tammy duckworth. i don't see any other front runners emerging in the next 3 weeks. biden vowed to make his pick by august 1st.
689  Economy / Gambling discussion / Re: Las Vegas Casinos are open - end of the Pandemic era. on: July 10, 2020, 10:22:24 PM
Does anyone have fresh stats on the state by state breakdown of the Covid's spread across the US over the last couple of weeks?  From what I've seen of the nationwide upsurge of cases, it's quite likely Nevada will have no choice but to go back into lockdown.

as of today, they are already closing bars again. https://www.rgj.com/story/news/2020/07/10/nevada-bars-closed-las-vegas-casinos-open-governor-sisolak-update/5414497002/

the governor said ~1.5 weeks ago that previous restrictions would be coming back if the trends don't improve. they just set a record for hospitalizations and set the 2nd highest record for daily new cases, so sadly it looks like a matter of time now. https://www.8newsnow.com/news/local-news/new-nevada-sets-new-record-for-hospitalizations-reports-nearly-900-new-covid-19-cases/
690  Economy / Gambling discussion / Re: Las Vegas Casinos are open - end of the Pandemic era. on: July 09, 2020, 09:10:35 PM
Foma come and sit at 25/50, bad beat jackpot is 2,386,378 and rising! I know that you know that I am talking about SwC bad beat jackopt! Why do we care about all others!?

not today, got some family coming over. i'm about to crack open a 12-pack of beer and light up the grill on this fine summer day. wings, burgers, dogs, and IPA. Cool

I went to a store today and they didn't let me in because I didn't have a mask, I said who f. you, I will go to another place! About what we talk here exactly?! I don't know, it looks like some people are scared, some people are not, but isn't that on us to decide what we want with our lives? Some are afraid of risk, some people risk every day?
We can't generalize things as you want, people should be free to make their own decision!

i hear ya. i've actually had the coronavirus already (in march), got tested and everything, so i feel entitled to take some calculated risks and i HATE wearing a mask. but i do understand the masks inside stores thing. where i am stores get pretty crowded, lots of older folks in their 50s and 60s about, and i'd hate to see them get sick with this.....
691  Economy / Gambling discussion / Re: 🏈🏈 The American Football Discussion Thread 🏈🏈 on: July 09, 2020, 08:53:51 PM
For me the possibility of no 2020 NFL season is next to zero. It would take very special circumstances to cancel it all together, there is just too much money involved and as we all know money makes the world go round Wink Look at german football (soccer) Bundesliga. Lots of shops were still closed, gatherings of more than 3 persons were forbidden, masks mandatory in all indoor places, but football started again. And the Bundesliga isn't as powerful as the NFL is. Now you basically have all leagues in Europe playing again, that weren't cancelled; Basketball is played again too. All this with sophisticated hygiene concepts, no spectators and it worked; I didn't hear of any issues.

+1, especially with the MLB kicking off their season in a couple weeks. the prevailing attitude seems to be that leagues will make all efforts to go ahead regardless of the pandemic.

it might get pretty wonky though. news just dropped that all NFL players will have the option of sitting out the entire season.

Quote
Under the plan developed by the NFL and NFLPA, there really wouldn't be any strict guidelines with the opt-out. Any player who has a pre-existing condition would be allowed to sit out. Players who have family members with pre-existing conditions would be allowed to sit out. Also, any player who has any concerns about playing during a pandemic would also be allowed to sit out, which would open the door for pretty much any player to sit out the season.

i love the ravens and 49ers this year but who the hell knows what their rosters will look like come september? Cheesy

We'd need at least 8 players; 10 is ideal. (...)
The hardest part would be arranging a draft... It would take a lot of coordination to do a live draft, and since we all live in different time zones, it might be hard to pin down a time.
8-10 players won't be easy, not sure, if we even have 8-10 regular posters in this and the old thread Cheesy But maybe the closer we get to regular season, the more people come out of their caves and with some advertisement, we could get a good number.

I am fine with any time for a live draft, can be in the middle of the night, no problem. And I am also fine with any of the established members holding the funds, it's not millions in the end and if anyone wants to scam ~0.02 BTC from a community game, well, then so be it.

i'm in, if you guys will have me. i'm pretty flexible re live draft and also fine with an auto draft.
692  Economy / Gambling discussion / Re: Las Vegas Casinos are open - end of the Pandemic era. on: July 09, 2020, 08:04:08 PM
I didn't believe for a second that masks can help! Of course some special masks can help, but how many people can afford them? And even those masks can't last for long, you need to change them from time to time.
Exactly, in most cases masks are useless, especialy when you see how people are wearing them and how often they are changed. This is more just psychological effect.

a new study says that wearing a face mask decreases your risk of contracting coronavirus by 65%: https://www.dailymail.co.uk/health/article-8503445/Wearing-face-mask-decreases-risk-infected-coronavirus-risk-65.html

there is emerging evidence the virus can be spread through the air and not just through droplets, so i see definite value in wearing them indoors, in enclosed spaces, like casinos. what trips me out are all the people i see wearing masks outdoors walking (no one near them) or driving alone in their car---that's just crazy. but in enclosed spaces around a bunch of strangers? i'm wearing a mask.
693  Economy / Gambling discussion / Re: FOX prepared to add virtual fans and crowd noise to NFL broadcasts on: July 09, 2020, 07:47:28 PM
One take I saw for online games or esports is to show fans on webcam, its not really the same because they are separate not together mostly but it kinda works.

broadcasters have been doing the home camera thing in a limited sense for years. i think we'll see more of that, yes. there are also new apps being developed that will allow fans to "cheer" remotely: https://www.cnbc.com/2020/07/07/yamaha-idea-let-sports-fans-send-virtual-cheers-into-empty-stadiums.html

we'll probably see a combination of this kinda remote fan participation and virtual/CGI crowds and noise to make the whole experience more realistic and competitive. it won't be quite the same as the old days, but it's better than empty stadiums with echoes and commentators and nothing else.
694  Economy / Gambling / Re: Pokertime - deposit/withdraw crypto to play poker on: July 07, 2020, 08:54:05 PM
My club owner - He runs a club that I play with in another app (PPPoker if you've heard of it) told me that the players here are more fishy.

what is the draw of these poker clubs? the whole web of affiliates and intermediaries and worrying about shady club owners---why bother with all that?

i get it from the club owners' point of view. they get a cut of their players rake, so of course they're gonna shill it. but what is the draw as a player? is that it---you're trying to draw in players for your club? Wink

PPPoker seems to be plagued by similar allegations as pokertime: https://professionalrakeback.com/affiliates-and-players-screwed-by-pppoker-over-bot-accusations

i just don't get it......

The reasoning is cause most of the players here are chinese recreational players, not those sharks that dominate all of the online poker scene elsewhere.

bovada/ignition are good for soft games. no HUDs (or at least they are actively blocked), and lots of sports betters too.
695  Economy / Gambling / Re: 🚀 Sportsbet.io - Get a Price ₿oost on every sport, every day! 🤑🤑🤑 on: July 07, 2020, 08:42:00 PM
So, when crypto gambling became something, it took in a ton of people who wanted to play these games in a "provably fair" fashion which actually changed a lot of things, poker didn't though, because it is not provably fair even in crypto. So, people kept going to pokerstars and places like that.

none of the big poker rooms are "provably fair" in the usual sense. it doesn't matter---as long as players can export hand history, you can be sure many are importing all their hands into pokertracker or holdem manager. after millions and billions of hands are dealt, statistical anomalies would no doubt appear if the hands weren't fair/random.

that was one of the things that annoyed me about coinpoker. you couldn't access hand history, which is a big no-no for a poker software provider.
696  Economy / Gambling discussion / Re: Poker games that are providing free plays to earn real money on: July 07, 2020, 08:25:31 PM
the grand poker network (5dimes) runs a $100 freeroll every sunday at 7pm ET. they support bitcoin deposit/withdrawal.

http://5dimes.grandpokernetwork.com/index.php

We were discussing this with my drinking and crypto buddies when one of my colleagues started the discussion of free rolls on poker. He argued that a poker website or poker house cannot survive if they put free rolls and then players win real crypto or cash on an everyday basis. Well to be honest, we play poker and all but none of us there we not able to tell him how that works.

they are just for promotional purposes. they are paid for with rake generated or from other parts of the business---casino or sportsbook. bigger rooms have no problem paying for them.
697  Economy / Gambling discussion / Re: US Presidential Election 2020 on: July 07, 2020, 07:55:04 PM
a biden/harris ticket is stronger than clinton/kaine was in 2016 IMO.
I would say Kamala Harris is going to do more harm than good to the Biden campaign. If he wants to sweep the swing states such as Ohio, Pennsylvania, Iowa.etc, then he should select someone who is a moderate and not an extreme-left candidate such as Harris. Tammy Duckworth is being talked a lot as the VP candidate nowadays, and I should say that she is much more beneficial to Biden than Harris.

it's a fine line. the dems need to energize progressive and black voters, especially in this coronavirus context where poor turnouts will only help republicans. that's not easy to do considering biden was the most right-leaning of all democratic candidates. i may be wrong about this, but my belief is that biden's VP pick is much more important to democrats than potential swing voters and 2016 non-voters, who are focused on trump vs biden.

this is what i'm talking about re republican-leaning moderates, senior citizens, independents, etc: https://www.nytimes.com/2020/07/07/us/politics/biden-2020-third-party.html

Quote
They are among an emerging group of voters who disliked both major-party presidential nominees in 2016, but who are now so disillusioned with President Trump — and sufficiently comfortable with Mr. Biden — that they are increasingly willing to support the Democrat.

It’s a dynamic that could have significant implications in several of the most competitive battleground states, like Arizona and Wisconsin, where the third-party vote in 2016 was greater than the margin of difference between Mr. Trump and Mrs. Clinton. Recent polling also shows that Mr. Biden has an overwhelming advantage over Mr. Trump among voters who have unfavorable views of both candidates — a cohort that ultimately broke in Mr. Trump’s favor in 2016, exit polls showed.

.....

But in a year when swing voters are scarce, some of the voters who effectively stayed on the sidelines in 2016 are showing signs of political movement now — and there is evidence that Mr. Biden stands to benefit.

There appears to be far less interest in third-party candidates compared with the same point in 2016, pollsters say.

“Barring some unforeseen circumstance, there’s just not a lot of appetite for third party,” said Patrick Murray, director of the Monmouth University Polling Institute. “This is two-person for nearly all American voters.”

His polling from late June found that among voters who have unfavorable views of both candidates, Mr. Biden leads the president 55 percent to 21 percent. In 2016, Mr. Trump won the voters who disliked both candidates, according to exit polls.

And according to a recent poll of registered voters in six major battleground states by The New York Times and Siena College, people who say they did not vote in 2016 overwhelmingly favor Mr. Biden over Mr. Trump, 56 percent to 25 percent.

biden appears to have a strong edge among third party and swing voters, whereas trump had that advantage in 2016.

the big question mark for me is voter turnout and specifically the fate of mail-in voting. trump knows a big turnout will basically guarantee a biden victory, hence his filing of various lawsuits attempting to stop mail-in voting before november: https://www.politico.com/news/2020/06/19/trump-interview-mail-voting-329307

Quote
“My biggest risk is that we don’t win lawsuits,” Trump said. “We have many lawsuits going all over. And if we don’t win those lawsuits, I think — I think it puts the election at risk.”
698  Economy / Gambling / Re: 🚀 Sportsbet.io - Get a Price ₿oost on every sport, every day! 🤑🤑🤑 on: July 06, 2020, 11:55:40 PM
That is awesome news. Hopefully it has more to do with listening to the constructive criticism than, just some backdoor stuff between them and the provider. I am looking forward to seeing what they come back with as I would love to go back and play there again. Maybe they'll re-launch with a phat prize tournament. I had pretty much given up on playing there until now but will be looking forward to seeing their launch.
You guys think sportsbet.io is big enough to actually make their first acquisition (well first that I know of) with another casino?

not an acquisition---more like a licensing arrangement where sportsbet.io pays for the rights to provide poker software, and possibly for access to additional player liquidity through a network.

that's what they were already doing with coinpoker's software, paying to license it. hopefully they'll find someone better now.
699  Economy / Gambling discussion / Re: US Presidential Election 2020 on: July 06, 2020, 11:05:23 PM
When I talk to my friends in America, they also say that ordinary voters are tired of traditional politicians and no longer trust them.
Trump won the last presidential election because he did not run as a traditional politician but as someone who wants to change politics and return power to the people.

that's one of the reasons trump is weaker this time around. he can't rely on "drain the swamp" rhetoric anymore. he's an incumbent. he is the swamp.

Being not as strong as in 2016 doesn't necessarily imply that he will lose this election, because he has another opponent this year (whom I still consider weaker than Hillary all things considered).

weaker perhaps as an overall politician, but in the context of a presidential election i disagree. people are still in denial about how hated hillary is/was. i hated her, and i'm no republican. i don't think the USA was nearly ready to elect a woman president either.

a centrist old white guy (biden) with executive experience will appeal to republican moderates and senior citizens who are tired of trump. meanwhile, the dems can throw the identity politics crowd a bone by signing on a black woman VP like kamala harris.

a biden/harris ticket is stronger than clinton/kaine was in 2016 IMO.
700  Bitcoin / Legal / Re: Were the legal imitations of Facebooks plan to use the name libra discussed? on: July 06, 2020, 08:04:41 PM
I noticed jet cash mentioned copyright infringement a while ago and I didn't pay any notice to it but the name itself comes from the Latin for the pound ref probably protected by royal copyright which means either (1) Facebook gets taken to court by the UK for using the term or (2 a lot more likely) a bunch of scams start to appear using the libra name or an attack of some sort on it's name in wider Europe...

i don't think copyrights apply to such terms. if they do, the term entered the public domain a very long time ago. https://www.gov.uk/copyright/how-long-copyright-lasts

a trademark wouldn't really apply either since the pound sterling is not a product or service. not to mention, the UK government doesn't even use the term.

i don't see existing intellectual property as a big concern for libra. they've got much bigger problems.
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