Напишу еще раз то, о чем писал ранее

Более правильный путь хеджирования (а именно для этого в основном и используются стейблкоины) - это длинная позиция в своем кошельке, захеджированная короткой позицией на бирже. Если мы ведем речь про Тезер, то по части скам-риска шорты на Фениксе аналогичны хеджу через Тезер. Однако учитывая, что для поддержания штанов (зачеркнуто) шортов нам нужно всего лишь 10% обеспечения (плюс какая-то небольшая подушка безопасности для маржин-колла), то фактический риск уменьшается практически в 10 раз

We got it. But this is incorrect usage which can lead to confusion and misunderstanding as has been the case. Here's a short description of how the term is used across the industry that OP seems to follow:


Quoted from here


Better safe than sorry

I don't think this is how most small businesses operate in general

Especially when we are talking about startups. Put simply, it does in fact border on financial suicide in many cases, but the point is you don't know that for certain in advance. Moreover, you can't even know that beforehand at all. But seriously, how do you picture that in your mind's eye? I refer to "having lots of consideration first before on making it happen". What considerations do you think of? What is there to consider if most of the factors that you should base your considerations on are unknown to you and can only be learned in the process, i.e. any valid considerations can only be made in hindsight when they are already less than useless for the business in question?

All your reasoning about Bitcoin taking over fiat can be reduced to and is essentially a tautology, like A is better than B because A is better than B, couched as a question, i.e. is A better than B if A is better than B?


It is not a technical issue

You can't resolve the internal, innate inconsistency and antagonism between money functions. Put differently, you can create a good store of value (e.g. gold) and you can create a good medium of exchange (e.g. the American dollar). WTF, you can even create a so-so currency somewhere in between. But you can't create a currency that would outshine everything out there both as a good store of value and as a good means of exchange. You can only hypothesize or theorize about this kind of money at your leisure time

That seems to be the hardest point for most people to grasp

Because a regular job gives you a false feeling of stability and certainty, which are not there. And it is not even so much about overworking as such (which may make sense in certain circumstances). A lot of people tend to think that it makes them more valuable to the company. However, this is not the case as what extra hours actually contribute to is your employer's certainty that you desperately need to keep this job, i.e. resulting in the opposite outcome, not the one you may envision and hope for. Really, would you willingly choose to overwork if you didn't depend on that job?

As I suspect, physical casinos are actually more dangerous in this regard

The harsh truth is, you can lose more in a land-based casino. In fact, you can lose all that can be potentially lost. Basically, you assume that you can't lose more money than you have with you. But that's not necessarily the case as no one can stop you from borrowing money right in there

Somehow, I have an intuition you won't have any problems with taking a loan in a brick&mortar casino, at least as long as you have some property to be used as a collateral for it. And here things get more onerous and tragic than with online gambling as with the latter you can only lose your money, not your house or anything to that effect

Yeah, and that's the whole point

Let me guess, you assume that blockchain-based casinos are the ones where you can bet with cryptocurrencies online in general, right? However, this is not what blockchain-based means in the context of cryptocurrency online gambling. The notion refers to bets being actually made on and recorded to a blockchain, such as EOS or TRON. In this manner, neither Stake nor PrimeDice are blockchain-based casinos, even if they allow or allowed gambling with EOS or TRON coins. They can be called centralized casinos

I always knock on my refrigerator door before opening, just in case there's a salad dressing

Ну почему же сразу сюр?

Была такая швейцарская контора Рога (зачеркнуто) Нога (может она и сейчас есть), которую российское правительство 90-х годов кинуло на деньги (это еще перед дефолтом было). Ну юристы у этой Ноги тоже не дураки оказались, они взяли и выиграли в люксембургском суде дело против России. Казалось бы, где Люксембург, а где Россия. Однако это ей не помешало начать арестовывать российскую собственность по всей Европе, полностью в соответствие с решением суда какого-то несчастного Люксембурга

Looks like fear mongering to me

What ZeroHedge has perfected and made into an art in its own right. In the worse case scenario and assuming that the real mortality rate is close to or below 1% (which is a good assumption), we should also assume that it will ultimately kill around 3 million Americans. This is nowhere near enough to destroy an economy of over 300M people as more people die naturally every year (it's a simple math based on average lifespan), and still more so if we take into account that the virus mostly kills the weak and the old. Put differently, it is a typical case of natural selection which America will come out of stronger than before. Maybe, that was the plan from the outset of the outbreak (if we put our tinfoil hats on)

This is not a solution

Or only a temporary one. That way, it can't possibly be the best way, aside from the fact that you can't stay home indefinitely (well, maybe you personally can, but not the majority of common people). All in all, there are two genuine ways to deal with the virus. The first is to physically eradicate it (as was done with small pox and a couple of other deadly viruses) or to acquire collective, or herd, immunity via either mass vaccination or most people pulling through the infection. Well, technically, there's also a third option, namely, that the virus mutates into a less lethal form on its own over time

Methinks we should distinguish between "general-purpose" casinos and more specialized ones

Examples of this would be online poker rooms or chess communities. You would expect them to stick to a single game, be it poker with its varieties or chess with various contests (standard, blitz, or whatever), right? Moreover, if a casino lists poker or chess among dozens of other games, you would be in doubt whether it is worth playing these two games there, especially when you consider yourself a seriously-minded poker or chess player

Gold is extremely overhyped

And it is pretty much useless on its own. Seriously, what are you going to do with it, use it as a weight? Moreover, holding any significant amount of physical gold entails a negative cash flow since you have to store it somewhere with costly measures of security and protection. Put simply, it is a huge pain in the ass in terms of overhead costs. Even gold coins are cumbersome unless you are into this sort of thing for real

Seems like a tricky question to me

If there are many games available in a casino, it is reasonable to expect that it will be pretty sophisticated. Aside from a few examples you mentioned (which are single-game casinos only due to historical reasons), every casino tries to add more games as it is a winning marketing strategy and sound business model overall

However, the more games there are, the more obsolete they may become over time. With hundreds of games on board, it turns into a daunting task to keep them all up to date. Indeed, with simple games like dice it is not a serious issue, but with more advanced ones it is. It's like playing some FPS from 90's (say, Duke Nukem or Half Life) again and again

That's the right spirit

And everyone should put it into their pipe and smoke it. Well, the dollar may not have a constant value, of course, but it doesn't have to in the first place at all. What it has to, though, is to have America remain the dominating military and economic power in the world. As long as it remains that, the dollar will be strong, while its value can in fact be any. Under these circumstances, the dollar depreciation can even be considered an inflation tax levied upon the world

A man with authority walks into a bar and orders everyone a round

I don't know the exact number

So 90% was just to show that the survival rate is not very high, as it were. Regarding the projects you mention, I've seen a couple of them here. They look more like a student's homework rather than real stuff. If we exclude these wannabe casinos, the percentage of failures should go down. Anyway, Wolf.bet has already survived its first year

It is not a "completely" different casino

And it is the topic which I had in mind. This is about PrimeDice, and if you don't know how Stake.com and PrimeDice are connected and related to each other, then, well, you are not very familiar with the online cryptogambling arena. Regardless, neither is a decentralized casino, so your point is kinda irrelevant to the flaws and shortcomings of blockchain-based casinos (as the thread tittle unambiguously suggests)

And?


Are you kidding me?

Do you seriously assume I have any inclination to talk to you at all? To set things straight, I'm replying to you here only because this is the official thread of Wolf.bet (read, I kinda have to, of my own accord). In any other thread I would have long ignored your replies altogether

This is not my screenshot. I don't even know whether D'Alembert and Paroli have anything to do with martingale. And technically, you can't even claim that I said that Wolf.bet is turning the tables in favor of gamblers. So what's your point?


https://bitcointalk.org/index.php?topic=5168782