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There probably are more number of people gambling and more number of bets placed but I think the amount would be smaller. With many people losing there job and many fighting to keep their stomach feed, people would be saving anything they have and only gambling with the money they would not mind lose. Gambling certainly is a good past time but people are doing it with lower amount.
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I have tried bamboo relay and damn they have the lowest possible fees for ETH tokens. Kyber too has a good fees. Polonidex for Tron tokens and StellarTerm for XLM once. There should be more approach for cross platform dex as anyone that have tried it hasn't been quite successful. I would definitely recommend DEX if you are instantly trading your coin from one to another.
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its worked out that there is about 80exa of 'farms' and upto 60exa of smaller groups. which is why you see the hashrate peak at 140exa but drop to 80-90exa because hobby miners are jumping in and out at a whim.
Overall a great response thank you. And that quote right there ^ is exactly the kind of thing I was curious about. Assuming accuracy, that means that really only about 60% (rough number at that 140exa) is actually these few big mines that I was referencing, and almost 40% is made up of much smaller. Assuming those numbers are correct, that paints a much better picture than what's easily assumed these days. Thank you again! This is not a valid reasoning to call bitcoin is a centralized coin as 10 pools are getting 90% of new bitcoins. Firstly because the new coins generated are now negligible to what is already in circulation and it's 90% is further more divided into 10+ pools. A large amount of coins (40%) are held by a thousand addresses, which still is much decentralized that fiat money in the world. |
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I have voiced from the start that CoronaCoin is a scam. It's just an desperate attempt to have money with a popular word. Though their whitepaper used some good words, they said nothing. That was a completely stupid way of saying give us our money and people actually did. Whoever got scammed by the project really deserves it.
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taking notice and remembering the cards which have already been seen. is not card counting. That's a primary card playing sense. If you lack it, it's better not to gamble on cards.
Card counting is actually trying to remember the serial of whole deck as they get displayed and shuffled in real world casino. That's not a thing in online casino. Most of the casino has a rule against card counting and expel the ones found to be doing that. But still it's a profitable take if you are not caught. Very few people do master that art.
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We have options. Specially when it comes to open source blockchain. If you don't agree with someone, you shift your interest or even fork the coin.
Bitcoin in my eyes is still a pretty secure and decentralized blockchain and so is it's popularity, maybe more than 50% of hashrates be coming from China but that doesn't mean it's in danger. Many of chinese miners are as dedicated of securing bitcoin as any of us.
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You never know which one would go moon next. There are a couple of exchanges I'm looking at that seems promising to have a better future.
Probit is already a popular exchange and it's token though already increased by some folds is still not that high in price. It's in fixed amount and they're providing 12% annual interest on staking the token. Another popular token in my opinion could be CET from coinex exchange. They have some juiciest fees for holding CET and they also burn it regularly.
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Though I doubt Cobra will just sell the domain to someone like Roger, holy fuck if Roger actually gets to own two high-authority Bitcoin domains.
I don't think Cobra will just hand over the domain to Roger, as we can see the reply on twitter. He will definitely hand over to someone trusted and of course a supporter of BTC. It would be better if some trusted from the bitcointalk forum could have the access of it, may be theymos? Cobra though have made some conflicting comments, he has always spoken his mind and human opinions are never constant. There's still more to learn and know. As of the domain, it's not a personal thing for Cobra, with it comes the responsibility and he knows properly who owns the domain. It's the bitcoin community. Handing it to any other community is not in question. |
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Of course there are many pressures involved, just try doing martingale for a few bets and you'll get eyes gazing at you. An introvert would not feel well in a real casino. There's always a hurry factor on physical gambling which would effect your way of thinking. And in some large casinos, there are beer and girls to distract you. As their operating cost are high, they need to make more money while online gambling only depends on house edge.
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Though Eid maybe a large festival observed by a large portion of population, the Eid celebrating people have very little impact on crypto markets.
Many of them needs the approval from religious leaders to invest in crypto and most of them use it as a payment gateway than actual investment.
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0.8% house edge? really?
Yes, crypto.games has an impressive 0.8% house edge for every users in dice. And they even have an event with half of that house edge 0.4% for today, celebrating bitcoin halving. i.e. till 23:59 UTC May 12th. They are one of the most reputed casino on crypto gambling. |
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Both are good coins. XLM is a bit older than ADA and has a working product while ADA is still in development. XML has not received any significant adoption and results and hence I don't expect them to change overnight while ADA could have a larger increase in price as the news of it's platform comes. FYI, ADA is one of the most actively developed crypto.
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I don't think halving is as attractive news for people who are not familiar with crypto. The halving would also not have any direct and immediate effect on gambling industry as the price range remains the same so are other nature of transactions. With a large number of coins on supply and very few left to mine, we would start seeing what the final nature of bitcoin would look like.
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It's my first time to see and experience bitcoin halving. Today is the day where I can finally witness how bitcoin will be going to move at this moment and after halving.
This is also the time if the theories of bitcoin enthusiast will gonna happen or not. Happy btc halving everyone!
The bitcoin just dump today and still, it's not clear if the price will go skyrocket or just go down again. We all know that the pump on the past halving happen few month after the halving itself so we can expect that too, this time. Let's see what is going to happen after few months but today let's just hold our coins!!! Happy BTC halving everyone!!!  For every previous halving, price dumped around halving a bit but eventually it kept rising after the halving and reaching a new high within the next 1 and half years. So, be patient and believe in bitcoin. More than 90% of bitcoin is already in supply and we are running out of new coins. So it's best to accumulate as much as our finance allows us in this dump. |
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Bitcoin is a cryptocurrency. Being the first one, it has it's share on the market. Whether or not we need other altcoins is a matter of discussion.
Ethereum came with a different approach, though it uses the similar concept, it's a different approach and it's still making changes.
And if another alt is to be success, it needs to offer something new and different. Here is where we failed.
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The future of cryptocurrency depends on to Lightning network. Lightning network is a new technology and they are still finding bugs and problems and solving them. Lightning network is still not ready to handle large scale transactions. In lightning network, the real funds are frozen while the value transacts. I'd say there are not any disadvantages with the LN network, just some problems to get solved.
Here's how Harpeet Singh Gauri puts the advantages and disadvantages of LN
Pros of the Lightning Network
Lightning network was invented for speed and lower costs. Although the degree of increased efficiency is still to be known, Layer 2 solutions will generally enable a significant increase in transactions per second Micro payments can be carried out with better efficiency with the lightning network and it will be instantaneous. Lightning network has also started support for altcoins making it horizontally scalable The initial transaction fees in this network are cheaper compared to that of the original bitcoin network Lightning network has the same security as Bitcoin’s main chain while keeping transactions in the layer two till the time they are settled on the main chain.
Cons of the lightning network
Major criticism of LN is that the parties will have to have “fund” the channels. If I shop at a coffee shop, I will have to have so much funds in my channel that connect me to the coffee shop. These funds are just lying dormant until the channel is closed and transaction registered on the main chain – which costs money. A major drawback of the lightning network is that it does not support offline payments. This is an issue to users who do not have internet connectivity 24 hours in a day. There are some experts who believe that Centralization might be encouraged in the payment portals. This makes it quite similar to miner centralisation. Since these transactions are sent off the chain, they aren’t tracked by the main channel, leading to privacy concerns. With all points in perspective, Lightning network serves as a brilliant alternative at this point for Bitcoin transactions.
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It is expected that the price of bitcoin will reach an astronomical all-time new high.
What do you think about it? This stuff really needs discussion. Share your thoughts in the comments!
It has been discussed so many time in this community, we even have a board here, Speculation. The thing is "past performance is not indicative of future results". Maybe we can see bitcoin goes on and reach another all-time-high, but compare to two past halvings, it might take some time to achieved it. There is also a thought that we have a 4 year cycle, so we will see if this is going to hold or not. Crypto market is fairly young, so it's really hard to predict the price and add the volatility and manipulation. Bitcoin halving is a real deal as it halves the amount of new coins being generated. The miners are the ones that makes the market moving. They need to sell coins to cover their expanses while hodlers buy and sell for profit. As the reward decreases, miners won't be selling coins cheap. They'd rather wait and hold than to sell coins for a loss. |
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Now there are many stable coins that can be used if you can't trust Tether. Tether is traded on various exchangers and I think this is one of the most reliable tether proofs and if you don't want to use tether as a stable coin, you can use credit cards or debit cards because almost all exchangers provide this facility
Tether is untrustworthy for me because of the audit thing before. Just because tether is used on all exchanges doesn't mean they can be trusted, i don't know why you wanted to use credit card, using credit card has a lot of fees compare to stable coin which has less fees and hassle, if preserving money is your goal. Tether is readily accepted by most of the exchanges. So, they are okay as a trading currency. But I'd not recommend holding tether as an long term investment as there had been issues with the basis of valuation and whether the foundation holds the exact amount of cash as the tokens. For longer term interest, decentralized stable coins are a better choice. |
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