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1  Economy / Gambling / Re: 🔥 BITSLER.com (e)Sportbook and Casino: x1,000,000 Multiplier Jackpots! on: June 12, 2024, 01:04:15 PM
We re-visited Bitsler and updated our review: https://www.btcgosu.com/review/bitsler/

Long story short: This is definitely one of the premier crypto gambling destinations Smiley
A very nice review. You put the UX in the negatives but I thought that their UI/UX design was one of the best among casinos. I wouldn't rely on their Customer Support through Bitcointalk because this place still looks abandoned from them, which I can't understand because they started from this forum.
To be honest, this is my first time visiting btcgosu, I read the whole review and hands down, everything is written well. There is all the information, described shortly, in a very good manner. Keep up the good work, this is the first time I enjoyed reading a full casino review.
2  Bitcoin / Bitcoin Discussion / Re: Parents on childs savings bank accounts are waste of time if not saving on BTC on: June 12, 2024, 12:32:25 PM
It is a reality fact that most middle class or rich parents as it may be classified, who has future plans for their underage kids usually creates bank accounts for them with designated periods of depositing funds in the account on a specific amount and also period of time.
So when the kid (s) grows up he/she can utilize the fund as desired but aimed on productive utilizations.
Rich parents usually know what they do and I believe the majority of them won't save pure cash in banks because rich people know more about inflation, stocks and trading but that's true about middle-class parents. Middle-class usually think that cash is their friend and they should save as much cash as possible but I know many of them recently take a loan to buy an apartment for their kids, which is a good investment when it comes to stability.

Majority of people are very sceptical about Bitcoin because they only hear bad news about it from mass-media. If you ask a random person about Bitcoin, there is a high chance that they'll tell you it's scam, pyramid, the money of criminals and etc... It's sad but many parents ignore Bitcoin investment and they can't understand what a big opportunity they are missing. I have convinced my relative to buy a hardware wallet, store it securely, buy Bitcoins every month on exchange and withdraw it to the hardware wallet's bitcoin address. This is really the best investment option right now when we talk about long-term and high ROI. I believe that everyone, who wants the best future for their kids, should invest in Bitcoin instead of cash and fiat. Just pure facts, the coin has been rising since day one.
3  Economy / Gambling / Re: What are your expectations for Casino coins in this coming bull run? on: June 12, 2024, 12:15:42 PM
There is a new interesting token coming soon, called $MWIN by Metawin. I think it will be a serious opportunity and a successful token compared to other casino tokens that exist today. If I were you, I would keep an eye on $MWIN.

Of all casino tokens, The FUN token looks the least tempting for investing. It's my opinion... I may be wrong, but everyone should do their own research before investing.
Betfury's token doesn't look any good to me. Their APY reward for BFG stacking is exceptionally high, I don't think it will do any good to them because they have to pay money to users who stack BFG, 50% and higher APYs are no joke for casino to pay. The only way for them to pay this amount of money is to make the coin less valuable. The only reason why coin will rise will be that high APY will attract new customers to put lots of money but then, they'll be forced to inflate the coin in order to pay the interest.

Freebitco has being the only platform promoting FUN token, but right now, they already have issues and users are already leaving that platform, if they close down, I fear FUN token will turn to another failed project and might even be among the next set of tokens Binance will delist.
Besides freebitco, club riches and Dplay promote fun token too.
4  Other / Meta / Re: Is this forum getting worse and worse? on: June 12, 2024, 10:54:35 AM
I don't want to correlate this forum's comedown with the mixer ban, even though I've thought of it and it's likely one major factor, but what's the current picture of Bitcointalk according to you? To me, it's declining in genuine interest.

We're dealing with uninteresting topics. The "hottest" topic of discussion in the last months is Ordinals, followed by ETFs, and then an endless list of speculation-related threads, which were always a "thing" in the past, but gosh, that just seems like our sole concern nowadays.

Now, to that, add that we've lost valuable members, some of which were intellectually influential, and you have an Internet board filled with mostly crap. What's the problem?
We lost some amazing forum members who had a big positive impact and influence on this forum. Their loss will definitely affect this forum and the nostalgia will only make our feelings worse. My personal opinion is that our early, young ages are always good and we always think about that part of the past and call those moments golden times.

This forum is not getting worse but things change. During the early years, the attention was on the development of good crypto products, but now things have changed. NFTs, Ordinals, Runes, Memecoins, these are mainstream today. Is it bad? I personally think that yes, they are bad because I value innovation and development over stupidity but this forum and members should remain in touch with what's mainstream today.

It's really hard for to live without this forum, I just like it, I love members of Bitcointalk and the vibe they carry.
5  Economy / Gambling / Re: MetaWin.com | The First WEB3 Casino on: June 12, 2024, 10:17:39 AM
The mood is right, the party's on, looks like tonight I'll be betting alone with everyone.



Congrats everyone, every sportsbook player is lucky today because Metawin added a sportsbook on their website. This only means that amazing cashback, sportsbook promotions, giveaways and many other surprises awaits to everyone who will use Metawin to make bets.

Is building a sportsbook easy or difficult, only the team know about it best but I guess it is not easy.

Launching their sportsbook shortly before Euro 2024 kick-off is very good because they will not miss this big tournament which is also a chance for MetaWin team to advertise their brand and the sportsbook.
Today it's easier to make sportsbook because there are many resources and providers that make this process very simple. The creation of a product isn't an issue, the problem is how you'll be able to maintain users. I strongly believe that Metawin will succeed. I said it at past and I'll say it again, Metawin will become the top crypto casino. I don't say that for the sig's sake, I have never done that, I say this because I see what Skelhorn does, Metawin is very customer-oriented and I believe that success lies here.
6  Bitcoin / Bitcoin Discussion / Re: Trump vs. Biden is almost like Bitcoin vs Fiat on: June 12, 2024, 09:23:57 AM
With Biden vetoing this crypto bill to allow corporations to be their own custodian & just being anti crypto in general & Trump preaching crypto to remain a priority in the US & also saying he would ensure protecting holders rights to self custody. Trump is literally talking about crypto policy with Elon Musk & saying how he is going to do all these things like grant pardons to high profile crypto bros its just wild. Its kind of fun to watch, also very funny how when I think about it Biden vs. Trump is sort of similar to Fiat vs. Bitcoin. Thoughts?
Trump does everything that he can do to get votes and beat Biden. His approach is very shady to my mind and if I were a Trump voter, I would seriously consider the level of his hypocrisy. No one should trust Trump about the promises that he gives away to get votes because if he gets the power, then that power will be abused and he will do whatever he thinks is right to crypto.

Anyway.  I do not get this.  Even if Trump versus Biden was like Bitcoin versus Fiat, what does this help any of us with?
The USA is the number one country, if they make Bitcoin legal and help its adoption, this will be a message for other countries to do the same and billions of dollars inflow will skyrocket Bitcoin prices and the availability of stores/services that will accept Bitcoin payments.
7  Economy / Reputation / Re: To freebitco.in and their representative, TheQuin on: June 11, 2024, 08:54:36 PM
It's not that they pay anyone posting on the forum.
They give $5 to anyone posting screensheet of winning the two biggest prizes of their faucet.

Visit this thread for more information: Big wins at FreeBitco.in
I didn't know about that because I don't visit Games and rounds section. It surprised me that wetsuit says Freebitco.in has a lot more users than this forum. Then why does he advertise here for 4 years?

Another post by @freebitco.in PR in which all the blame for what happened with the hacking of a certain number of users is shifted to the users themselves. There is no explanation about the deposits that have been stuck for even 8 months. As for @TheQuin, we now at least know that he will no longer be active on BTT, so no explanations should be expected from him.
At first I didn't believe there was a problem because bunch of newbie accounts were reporting issues, I thought it was a spam attack from their competitors but now it's clear that this website left carelessly, which I don't really understand. Wetsuit probably has bunch of coins, if he has no time, he could hire a team that would take care of freebitco. TheQuin is a DT member and this was the leverage of freebitco.in to my mind, now they lost this leverage. It's very pity that TheQuin, DT member doesn't care about forum members and didn't tell us a single word about what's going on. He hasn't logged in since 23 May. This isn't the Freebitco.in that I loved and was supporting.
8  Other / Meta / Re: Make bitcointalk.org great again: Add a gaming board, already! on: June 11, 2024, 07:04:40 PM
What does gaming have to do with cryptocurrencies? Did Ubisoft create a crypto game? There are many crypto casinos but not crypto games, so there is no need to create a separate board for gaming. Bitcointalk with its old-fashioned design can't attract 13-21 years old gamers, this place is not a Reddit. This is an old forum dedicated to cryptocurrencies. It has all boards that are related to discussions around Bitcoin and cryptocurrencies. Sorry but gaming will remain in off-topic.
9  Economy / Speculation / Re: When will the bears take advantage? This bull run lasts so long on: June 11, 2024, 06:07:18 PM
I don't know if you have been active in the past two years, but you are asking questions that you should know the answer to. You and everyone else should have realized how important the spot BTC ETF (US) was to the price, but you obviously thought the halving was the only thing to wait for.
I missed a year or two on this forum and in the crypto world recently. I understand how important the spot Bitcoin ETF approval was but things are very strange. When ETF approval was announced, the price was pumping up but when it got officially approved, it looked like almost nothing happened, then very slowly, the price continued rising but on the other hand, we also see that the price has been rising up steadily for a very long time and it went from 15K to 70K which is a huge boost, it's not 2016 when the price was 500 dollars.

As I was expecting, the price fell from 72K and it's down to 66K.
10  Economy / Reputation / Re: [BC.Game] Maxbet strange nonsense on: June 09, 2024, 08:55:55 PM
I completely understand your concern but you also ignore the part that by keeping 266 BTC max bet, users can bet 266 BTC on dice with 98% win chance and 1.0102 payout. With 266 btc bet, they can win 2.7132 BTC.
I only agree with you on the part that 266 BTC is too much of a bet but I can't see anything wrong there. Maybe there are players who want to bet max amount and play with highest win chance but I find it a little unethical when difference between max win and max bet is 20 times big and I think it's ironic if they really expect someone to deposit and roll 266 Bitcoin in a single bet.
11  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: June 09, 2024, 08:08:25 PM
TheQuin is currently focusing on fraud prevention across our multiple properties and is no longer active on the forum.
Thank you for the answer regarding TheQuin. A few more important questions if you don't mind, please. What's the plan with FreeBitco.in Signature Campaign? TheQuin isn't here and you are the PR, so you shoud know.

Customer support will now be handled by a professional team.
That's a good news. Will now users be able to contact customer support via chat from your website? Or will they create a dedicated account on this forum and answer questions occasionally? Or will you still keep email only support?

What's Freebitco's plan about negative trust rating? TheQuin should know how it can damage your business because negative trust means that people will hesitate to gamble on your website. I hope you plan to review and solve each case that has been posted here.

This doesn’t change anything here. People trust thequin than you since you just recently step up from marketing role to support after receiving negative feedback from DT. You are just ignoring all concerns few weeks ago if I remember correctly.

The one who should made this kind of announcement should be thequin itself since he is the one who front in the forum before. How hard to do posting an announcement same like what you type using his forum account?

People is asking one simple task while you are just making the transition of position so complicated.
You are absolutely right. TheQuin can't just disappear. I also don't understand why he can't visit this forum and at least leave a reply here. I can't imagine if he spends his whole life at work in Freebitco.
12  Economy / Trading Discussion / Re: FTX will repay everybody 118% back on: June 09, 2024, 06:00:06 PM
Were they holding reserves of Bitcoin and altcoins during this time? If they were holding, then the value of their reserves would be very high because cryptocurrencies are significantly pumped up but I don't understand why are they repaying money to their customers with 18% interest rate. Do they plan to revive the exchange? Wouldn't that be a very stupid action? They were the number 2 crypto exchange before the scam but I think they'll never be able to gain back what they lost. I don't know if they plan rebranding but if people really trust them with their funds after all that happened, then I have no words to say.
13  Economy / Exchanges / Binance reaches 200M users with $100B in assets under custody on: June 09, 2024, 12:34:38 PM
Despite the fact that Binance has many problems and issues in almost every country, including multiple government lawsuits, it often gets accused of helping money launderers, helping some people bypass KYC restrictions and etc, despite the fact that their co-founder and ex CEO - Changpeng Zhao got arrested for violating U.S. laws against money laundering, Binance still manages to grow its business and attract millions of users. Binance announced on June 8 that they reached 200 million global users, they managed to collect 30 million users in 6 months while Binance had the most problems and headaches during this time.

200 million is a self-reported number but do you believe that Binance really reached this number? I think that Binance is bluffing because they are known for their shady practices but if it's really true, then it's a pity if so many people put their money on centralized exchanges after everything that happened to many centralized exchanges.

https://x.com/binance/status/1799475255838462273
14  Economy / Economics / Re: Should there be a limit to investing in your children? on: June 09, 2024, 11:52:05 AM
There is a current trend in my country where parents are doing everything financially possible to give their children the best education. Some parents have gone to the extent of selling properties or taking loans to send their children to some of the best schools in and outside the country. I have spoken with some of them, and the reason they give is that this child will get good jobs and take care of them in the future.

I had to bring up this issue because most of them are becoming disappointed and depressed. In my location, children are seen as an investment because they have the responsibility to take care of their parents when they are retired, old, or unemployed. So parents will want to invest high in education because they think it will bring high returns. Many of these students who attended prestigious schools end up becoming unemployed and are still depending on their parents to survive. I also assume that many of them regret going the extra mile to give their children the best. They have lost money and are also in debt but their children are still dependants.

Do you think parents should have a limit on the amount they can invest in their children?
The situation is exactly the same where I live. They aren't able to send their children outside the country but they do everything to move their children to our capital and study in good local universities but the problem is that this is not the solution today in our country. Students finish university and they aren't able to find a job in their profession, then they need to take care of themselves and almost every student that finishes university works in supermarkets, warehouses, post, call centres, tech supermarkets and etc... Parents don't want to analyze this and blindly repeat the same circle while 99% of kids never manage to work with their profession or if they manage, they have a very low salary and are still dependent on their parents. I think that parents should spend their money wisely and shouldn't force their children to enter university if they don't really want to study their whole life. They should prioritize trades but in our mentality, it's a shame if you work in trades, everyone wants to wear the white collar.
15  Economy / Gambling / Re: MetaWin.com | The First WEB3 Casino on: June 08, 2024, 10:32:51 PM
Also, access to hit.com might be restricted to $MWIN holders.
What they are planning with hit.com? I haven't followed this unfortunately. Can you link some info on this?

I just had a read to the article and it was worth the read.
All I know right now is that Metawin owns Hit.com and Hit.eth. Hit.eth is good but Hit.com is a real premium domain, they paid 4 million dollars in this. Someone asked Skelhorn on twitter about what is hit.com but his response was "Whatever we want it to be". I think that it's a secret.

Generally with whatever approaches, buying meme coins is very risky, I don't recommend it. You can win with one or two but will fail with many other meme coins but risk is if you fall in love with meme coin sub ecosystem, you will sooner or later fall into bad meme coin projects.
Yeah, it's very risky to buy meme coin because it carries no fundamental value that can drive up its price, it only increases because someone speculates and plays with it, which is like playing a Russian roulette. Metawin owner also said that it disappoints him that after all the incredible new technologies in crypto, people create cartoon tokens to get richer. It Is What It Is.
16  Economy / Reputation / Re: To freebitco.in and their representative, TheQuin on: June 08, 2024, 10:13:38 PM
they get paid $5 to post on Bitcointalk
Any reason why you say that the Freebitco players get paid $5 to post on Bitcointalk? This is the first time I hear it.

Quick math:
I checked the "BITCOINS WON BY USERS" counter on their website. It increases by about 1 Bitcoin every 40 seconds. That's about 15 Bitcoin per hour. 360 per day. At 5% house edge, the house earns about 18 Bitcoin per day. That's $1.25 million. Could that be anywhere near the truth?
Their counter must be fake. If it was 2014, I would believe that users win 1 Bitcoin every hour because the price was very low but there is no way users win 1 Bitcoin every hour. Look at their registered users counter. It goes up with a regular speed, doesn't matter when you visit the website, the speed of users registering on Freebitco is the same, I haven't seen a little delay in a number of registered users. To be fair, I never trust any live statistics that shows the number of registering users in live with some other live statistics.

Btw is Freebitco really as popular as this article claims? [urk=https://decrypt.co/11005/bitcoin-casino-third-largest-internet-gambling-site-in-the-world]Bitcoin casino Freebitco.in is the third-largest Internet gambling platform in the world[/url]

17  Bitcoin / Bitcoin Technical Support / Re: Why 6 comfirmation? on: June 08, 2024, 08:08:28 PM
There is a lot of very good information. I remember that years ago it was 6 confirmations and then slowly people started to accept 3 confirmations and then some businesses, mostly casinos risked accepting transactions with 1 confirmation. I personally think that 3 confirmations is enough and 6 only delays the access to funds.

At the time I am writing this post, Foundry USA is the biggest mining pool with 26% of the total hash power. Assume that Foundry USA turn evil and decide to remove a transaction from the blockchain.
How exactly can they remove transactions from the blockchain? I thought it wasn't possible.

It should be added that new coins generated by mining require a full 100 confirmations before they can be spent.
100 confirmations exclusively for miners? This is something new for me. I don't understand why there is such a difference between mined and transacted coins.

There are even invalid blocks recorded where the miner's software fucked up and assembled and mined a block with too many SigOps rendering the block invalid and discarded by other nodes. Very rare and shouldn't happen, but software and bugs...
Does that mean they wasted all the resources that they dedicated to mine that block?
18  Economy / Speculation / Re: When will the bears take advantage? This bull run lasts so long on: June 07, 2024, 08:07:08 PM
You are asking a completely meaningless question at a time when most expect an even greater price increase, because if you missed it, it is possible that the conditions are being created for a perfect bull run, which has already received a great boost from spot ETFs (US), and we have not yet seen the effects of the halving.

In such an environment, the bears are almost helpless, although they are trying all the time to keep the price below $70k, and they have even seriously knocked it down to $56k. The dominance of the bears will have to wait, and in my opinion it will not happen (under normal conditions) for at least another year and probably a little more than that.
I think I need to be more concrete. It's definitely not a time for a full bear market because halving happened a month ago and at least for a year, the bull market is guaranteed but isn't this rise unusual? Since November 21, 2022, Bitcoin's price has been going up and up from 15K. What triggered it? It went up from 15.5K to 73.7K and there hasn't been a single moment of a significant struggle for Bitcoin's price since that day.

btw I would argue this is not a bullrun for mining ⛏️ so we are nowhere close to a full on bull run.
Are miners at a loss when they mine today? I think that halving can't trigger a bull run the way it triggered in past because today you get compensated by ordinal spammers that pay more than a sane person can imagine. They paid a 30 BTC fee in halving block if I remember correctly.

In the past halving triggered bull run because block reward value got half and miners couldn't profit by mining but today ordinals compensate that loss. Am I wrong?
19  Economy / Gambling / Re: MetaWin.com | The First WEB3 Casino on: June 07, 2024, 07:23:11 PM
Guys did you read TOKEN Talk: More learnings and the path ahead for $MWIN?
If you want to know more about Skelhorn (Metawin owner), his projects and plans and about Metawin in overall, then you should read this article. This article summarizes the short story of Skelhorn's experience with Rocky and how it all started, his experience with meme coins and a small analyze of the meme coin market, potential and vitality. In final part, he talks about $MWIN and how it will be one of the best coin soon. After reading this article, I really believe that it will be one of the best investment choice. His approach and plans look promising.

A few weeks ago I was asking how much did Metawin paid to buy Hit.com domain and the price of this domain is revealed in this article, they paid $4 million to acquire hit.com. Also, access to hit.com might be restricted to $MWIN holders.


I just had a chat with him regarding this. It was possible there back in the days but it created confusion among lots of gamblers which is why they had to remove the Live RTP feature.
Thank you very much for your attention, I highly appreciate it. Since I know the answer, now I can relax Cheesy
20  Economy / Economics / Re: Why do you think it's best to consistently use the same exchange? on: June 06, 2024, 10:48:27 PM
One of the reasons why I think it's best to consistently use the same exchange, is for valuation purposes to maintain consistency, it is so as to determine the fair market value of a cryptocurrency is for during tax preparation. It's how the IRS wants cryptocurrency transactions to be reported on tax returns.
Quote
While "fair value" and "fair market value" are similar, they aren't the same;

Fair value refers to the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at a particular date.

Fair market value is usually used when evaluating assets and liabilities for tax purposes. It is the price that any property would sell for on the open market. It is the price that would be agreed on between a willing buyer and a willing seller, with neither being required to act, and both having reasonable knowledge of the releva facts.

The IRS' guidance on this also states that if any crypto is not traded on any exchange, but maybe it was trades pair to pair, P2P, or received as income, the fair market value is whatever the crypto was worth on the date it was received.
https://www.bitwave.io/blog/how-to-determine-crypto-fair-market-value

So, why do prefer to consistently use the same exchange?

Let's discuss!

Multiple exchanges mean multiple accounts with multiple passwords that make you vulnerable to attack. You also have to submit KYC documents almost on each of them. For me, it isn't worth the headache, I don't even get any benefit. I prefer to use Binance or local exchange. I prefer Binance because it offers me many altcoins but I use local exchange also because I know that it's owned by a local bank, I know people who work there and I know that if something goes wrong, I can at least do something about it. What can I do if Binance gets hacked? Fly in Dubai? America?
Buy a hardware wallet that supports altcoins, use one or max two exchanges and relax.
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