I just had a thought: all the time, scalpers buy thousands of tickets to gigs and stadiums and resell the tickets to fans at much higher prices. These bastards price ordinary fans right out of their events. The solution should be cryptographic proof.
Think of it like this: a band/artist/venue puts up their tickets to a Bitcoin based service. Someone sends them Bitcoin. When they get there, they show the venue a signed message from the address that they used to pay. Suddenly, the secondary ticketing market becomes extremely complicated, and Bitcoin users don't even have to verify their actual identity with the service.
This could even apply to sports as well.
Any thoughts on this? I'm not a real developer so I have no idea on the details.
If Bitcoin would become a universal payment method, like cash or credit cards today, than it may work, but if you try to implement it today, many people who never tried Bitcoin before woud either just decide not to visit this event or run into technical difficulties - installing wallets, buying and sending bitcoins, getting their transcation stuck due to low fee, not being able to sign a message, etc. Today merchants offer BTC as additional payment method, and they do it for a reason. |
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It keeps popping up: invested coins count as "balance" for faucet purposes. It protects agains the following: open investment (balance is zero) & claim faucet & close investment & open investment (balance is zero again) & claim faucet.... This way you could systematically claim faucet available to you.
I keep thinking how to solve this. I think it would be really cool to allow investors to use the faucet to play a bit. Just judging from how the faucet is currently being used and how creative some players are finding ways to empty it, the simplest solution might not be the best one.
If you have any ideas - tell me!
Option 1 - Lock investments for X hours - usually it's 12-24 on other sites. Option 2 - add a divest fee that changes with time - for example 5% in 24 hours, 2.5% in 7 days, 0% in 21 days |
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I'm out of this. I've mined and traded for hundreds of bitcoins since 2013. Got rid of a lot of that in the past year during the climb but this past few months is just ridiculous. There is no reasonable expectation for the price to stay high, and "hope" for even higher prices can't possibly outweigh the potential loss if this doesn't work out.
I can't be alone in thinking, enough is enough. I see so many posts by guys with one or ten btc, hoping for astronomical numbers, but where are the rest of the people like me who had a few hundred and can actually do something with that now. I wish I'd started mining a year or two earlier when I first heard of it. If I was sitting on a few thousand BTC right now, holding half of that and cashing out half makes sense. But where I was, keeping a few for some dream number doesn't really make a difference in my life.
I never got into altcoins enough to matter, although it would have been nice to put a few grand into ETH last year, but it's just another useless product that could have failed like so many others, and I doubt I would have held it through 5-10x increases.
So what do you guys say. Is this it for you? This is more than I'd ever imagined to get from BTC. This could turn around in a few days if people catch another panic selloff. Are you being greedy? Am I just dumb for wanting to enjoy life now?
It's okay to quit and enjoy your life with what you have earned, but you should leave no doubts with this decision. Just forget about BTC, don't look at prices, don't check altcoins. If Bitcoin will reach $3000, $5000, $10 000, you shouldn't allow yourself to feel any regret, remember that when you made your decision you couldn't know the future and the opposite outcome was possible and would've hurted you more than you can afford. So, I wish you to live a happy life and never regret anything! |
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You just lost a fortune and you are saying that you do not understand why does the house always win. The house always win because nobody will make a site/ casino where you can win in a long run. You can only win once or twice in a 10 lose streak and the house will always win because if you win once, you will want to win again and you will lose while trying
The real reason why the house wins is because it has more money. When you make a deposit and start playing, you will have close to even chances of losing/winning (the edge is 1-2%), so your balance will look like a wave - it will be going up and down, and the games stops when you lose all your deposit, while for casino it would stop only if they lose all their bankroll. Since the game is almost equal, the house has much more chances to win all your money than you to win theirs. The only way to win against the house would be to play against it with 100 times bigger bankroll, but they also have a limit for maximum win per bet, which allows they house edge to reduce the risks of playing against whales. |
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You can control being greed when you have to calm down yourself in playing the game.
You have to control yourself for a purpose to make you feel good.
Its either you lost your life or destroy your life.and many will hate you.
Just think you can win the game so that you can control your mind and emotions.
Then this is the feeling if you becomed addicted in gambling because it can ruined your life. Many people will stay away from you because of just a gambling. So yiu should think first playing in gambling. Much better to play only that you can afford to lose and set some plan whether were you would stop Greediness will surely ruin our life and this emotion do come out mostly when we do play gambling because we are engaging on money thats why that emotion will come out.Its really hard to stop specially when your mind is always focusing on earning money unlike on other people who can able to control their greed because they do have strong awareness to their actions and possible circumstances ahead. Since greed is a state of mind we cannot say it comes mostly form gambling, it comes form the person, also I think there is a lot more greed in places like wall street where the only thing they worry about is money and profits and nothing else. People throw the word "greed" way too much, simply wanting money is not greedy. It's natural for us to want it, because it's universal resource that allows you to achieve many things. To rephrase it, I can say that money is freedom. You said that Wallstreet cares only about money like it's something bad, but it's just a place where people go to manage money, it's wrong to expect them to be a charity or something. Now the greed starts when people start hurting others to get money, or to even hurt themselves. Greed is also described as wanting more money than you need for a decent life. This means that you can't accuse people who are barely making living/have very average salary of being greedy. With gambling it's better to describe it as "unrealistic expectation" - i.e. when someone starts with $100 and sets up $100,000 as their goal. This is a common reason why people always lose - they simply don't want to stop with their smaller profit. |
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I have been trying to deposit/withdraw fiat into different exchanges, and I found that most fees are absolutely ridiculous (7%-10%?!). With many options to deposit/withdraw fiat (and different fees), I think we are getting a bit greedy with Bitcoin.
According to Bitcoin price at the moment, depositing fiat worth of 1BTC ($2,053) requires fees ranging between $21-$205, while most of us want to transact that same 1BTC with something like $0.5 and getting rage over the delay!
I think paying $1-$5 in fees is relatively acceptable, since bitcoin price is rising every single day.
No, we are not greedy, it's reasonable that people want to keep fees as low as possible, and if miners agree to them, than it's fair for everyone. The reason why people say that Bitcoin fees are too big is because those fees are flat - they are not related to the size of transcation, so if you are doing big transcations, like in your case, Bitcoin fees seem to be cheap, but if you want to tip $5 to someone or buy something small, then the fees start looking really big, especially if you compare it with altcoins, which have tx fees with a size of just a few cents. |
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For newbies day trading is the same or even worse than gambling, because in short term the market is very chaotic, every time someone makes a big move, it pushes the market, and you can't predict if someone is going to do it in the next 5 minutes. If you want to do trading, you should start with researching some theory, learn to use all the tools, and start trading with smaller amounts and increase it only when you see that you are achieving a decent profit percentage.
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If you are really paranoid and don't trust anyone, you can create a deadman's switch by writing a program that will release your private keys to appointed person(s) if you will fail to enter your secret phrase during some time window. For example, you can set it up to require entering your phrase once a year to prove that you are alive, so even if you'll get sick/lose access to your device for some time, you will still have time to reset timer. Maybe it will be possible to create such mechanism on blockchain with some smart contract.
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This is also like giving up smoking, but gambling can give hope for a big win and it's even more difficult to quit than smoking  I'm trying to compare gambling and smoking addiction. In gambling, when you became addicted into it, it's either you will live a good life being wealthy for having a good winnings or living poorly for losing a lot. In smoking, you will buy a smoke and sip it out and you'll get lung cancer and other diseases that is coming from a cigarette. I guess you are right that it's easier to quit with smoking than gambling. The only way to get wealthy from gambling is to win some jackpot, which happens to one in a million players. If you are got addicted, you are very likely to lose all money that you deposit, because addicted players never stop, and unstoppable betting is a sure way to lose your money. Smoking is a physical addiction, and lung cancer usually develops only after many years, and not everyone get it. So, smoking hurts slowly, while the damage of gambling addiction depends on the person, it can vary from slow draining of funds to quick falling into debts. |
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Many girls even use Bitcoin outside of webcam sites to provide their online adult services, they provide skype sessions, make videos and photos on demand, chat, etc. Bitcoin is used because it helps them to stay anonymous and avoid shaming in real life, and also it allows to accept payments in countries where traditional payment systems don't work.
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... satoshi instead (click-bait master)  today someone came to me saying how he was regretting not listening to me and investing in bitcoin. apparently he checked the price this morning  and he continued that now it is too late since he can not buy 1 whole bitcoin. i had to sit him down and have the "talk" with him about all the 8 more zeros that come after the 1 whole bitcoin and the fact that he can choose (almost) any of them and put a number and buy there. that is why i think it is time to start using the smaller units for bitcoin more often. i myself prefer Satoshi over all. but there are a lot of them. most popular: m BTC= 0.00100000 BTCu BTC=bits= 0.00000100 BTCsatoshi=0.00000001 BTCmore here: https://en.bitcoin.it/wiki/UnitsUSD is the most convenient and widespread measuring unit of value nowdays, so it's reasonable that for BTC it's the most convenient to use the closest unit - mBTC. Wallets like MultiBit and Electrum use it as their default unit. Satoshi is still to small and it would feel too clunky to use numbers with a lot of decimals. |
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Simply tattooing your Bitcoin address is a bad idea, but I think in the near future it will be possible to implant a chip under your skin that will serve as your Bitcoin wallet, so you will never lose it, unlike your mobile device. The only problem is some thiefs might decide to cut your body part to rob you  Or maybe in the future we'll have lots of different brain implants and we'll be able to just memorize our private keys and seeds and do all the necessarily cryptographic calculations, so our brains will become our wallets. |
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The best way to turn gambling into profitable activity is to play skill-based games (like poker) against real people. First, you will be able to increase your chances by playing well against weaker opponents, and second - you can read their faces to get more information. Together it will give you an edge over your opponents and will turn your Expected Value positive, which means that you will have chances to be profitable over the long run. You can also try betting on yourself while playing some online games like CS:GO or DOTA 2, there are services that allow players to challenge each other for money.
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This is also like giving up smoking, but gambling can give hope for a big win and it's even more difficult to quit than smoking Gambling is not that bad as smoking. Smoking cause health issues, but gambling ruins the living standards if unlucky. Smoking doesn't have any limitations, smoking itself simply not at all necessary for a healthy living. With gambling addiction is a major problem which can be overcome easily if user realize the loss that happened in terms of money and time. Smoking drains small amounts of money daily, and have potential to cause a very costly or even deadly health issues, while gambling causes financial problems and sometimes can be a major factor of depression. It's hard to say which one is worse, because they are quite different, some people have their lives seriously ruined by gambling, others just lose money but manage to keep a decent living, same with smoking - some get lung cancer, others live past 100 years. |
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Recent ransomware attack only reinforced the narrative of bitcoin haters that it's a money for criminals, but I think general public don't share this view, as there are many positive news, increasing interest from governments, banks and investors. I believe that many people who are interested in Bitcoin are young and skeptical enough to not buy this propaganda from haters, so the negative impact of ransomware attack should be very small. It also should be dwarfed by the recent $2000 touch, which is far more important than some hackers.
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One of the worst types in crypto industry is the exit scam - there's no signs that it's coming, it's instant and takes all your money away. Any casino operator can just decide to vanish and take all the investor and player funds and there's nothing we can do about that. Reputation doesn't guarantee anything, because owners are anonymous and can't be found after scam. It's better to not invest/deposit any sums that you can't afford to lose to casinos for this reason.
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I have a curiosity...
In a month on this website all that i saw are gambling discussion, idiot scam accusations and so on...
This topic is about how fair are the casinos...Why do you care? If the fair system is ok or so on...you will lose money legally same shit..
If a casino is fair with what is helping you? When you go to a casino and play on slots you will ask the girls if the bet you did is fair?
There's a huge difference between honest and cheating casino. When you play against cheaters, you are basically throwing away your money, you will be losing much more than you win. But if casino is fair, than you can enjoy the game for longer time, because win/lose ratio will be more balanced. If you know when to stop, you can fixate some profit for future sessions. People should always check everything when it comes to their money, otherwise scammers will flood everything and just ruin our economy. |
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Bitcoin and other cryptocurrencies can be used for bribing, not only by benefiting from anonymity, but it's also possible to create crypto laundering schemes. For example, you can create a fake casino and make some fake winnings before exchanging your Bitcoins for fiat. It would be very hard to prove for investigation that your money are dirty. And just receiving the bribe is much safer, since there's no physical evidence unlike with cash.
But it would be wrong to say that Bitcoin causes corruption, it's the people who make this decision, and innocent users should never suffer from any restrictions because of that.
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You can play anytime and how much you want to play without revealing your true identity. You can play regarding what your age is as long as you understand the game. Tho playing 18 below is not allowed they wouldn't know as long as you wouldn't tell them.
I doubt that there is any significant amount of underage gamblers who visit Bitcoin casinos, because were would those kids get money in the first place? You can see many gamblers wager hundreds and thousands of USD worth in Bitcoin, it's not realistic for kids to have this kind of money without job. In my opinion Bitcoin gambling is so popular because it's very convenient for players - low house edges, fast, simple, no bullshit taxes and regulations, provably fair. |
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0.1 BTC half a year ago and today represent different amounts of value, which has a huge impact on your Bitcoin earnings. When you are doing some Bitcoin job, you will be negotiating price in USD equivalent most of the time, so your ability to make 0.1 BTC per week is determined by whether you can make that USD value in that time. Some signature campaigns are reducing their rates with Bitcoin's price rise, all new campaigns have lower rates compared to older campaigns.
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