It would seem that most people do not actually calculate all their losses in the year. I guess they either have too much money or plainly could not even be bothered. Which is completely fine by me, but speaking for myself, I like to know what is going on in my finances as well as the gambling losses and wins. I find that if you have a strategic and careful mind, you tend to not lose your entire life's savings in a single unlucky day of gambling   But thats just me. I also calculate how much maximum money I decide to gamble with every day. It takes discipline to follow through on your own rules, though. So its not really for everyone. What's the point? you will only feel regret, disappointed, depressed or whatever negative feeling when you see a large chunk of your money was lost into gambling. so i don't bother counting my losses. Well, there is a point to my method, actually there are two points. First, if you make the event of gambling a self-disciplined and hard earned reward, you will find the act itself to be more trouble than it's worth and therefore you will want to gamble less often. Second, while house edge always has an advantage, you can still hold yourself back from going off the deep end as long as you hold yourself to your rules. |
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. I don't support anyone, but I really hope the SEC doesn't try to go against crypto and users.
The SEC sued XRP 2 years ago, and the lawsuit is still unresolved, and before they sued Binance and Coinabse or Coinme, they stated that all cryptocurrencies are securities and should be regulated by them. That alone is enough to show us what their real purpose is. They are not against cryptocurrencies and users, what they want is to control this market. I don't know if people want them to manage us because they say if there were regulations, scams would be significantly reduced. But for me, I like the same freedom as before, not being controlled or bound by any regulations. So I don't support the SEC in this case. Exactly, lol. The SEC cannot do anything but bark. But I guess that is their job, so it is not as surprising. What most people seem not to understand is that right now is the point in time when people realize that the current Binance vs SEC and Coindesk vs SEC is nothing but FUD and it will soon lead to FOMO. This kind of thing keeps happening in the crypto world. And how many times has the SEC been able to do anything? They pretend they can take down the blockchain by punishing centralized exchanges who offer (decentralized) crypto. And a decentralized currency does not need a centralized exchange. |
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I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.
Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;
1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.
The second one seems to fit crypto best, so it's clear they know what they are saying.
Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?
Life itself is risky. Everything is risky. You go outside, there is a certain risk that something bad will happen. Maybe you will get hit by a car, maybe you get robbed, maybe you break a bone. Unlikely, but the risk is still there. So by that notion, should everything be considered gambling? I do not think so. Crypto also is not gambling. It could be used as a medium for gambling, like on crypto gambling casinos or trading on a crypto exchange. But intrinsically, its not gambling in itself, no. But then again, some people consider stock trading as gambling. That does not mean that owning stocks means you gamble. |
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It would seem that most people do not actually calculate all their losses in the year. I guess they either have too much money or plainly could not even be bothered. Which is completely fine by me, but speaking for myself, I like to know what is going on in my finances as well as the gambling losses and wins. I find that if you have a strategic and careful mind, you tend to not lose your entire life's savings in a single unlucky day of gambling But thats just me. I also calculate how much maximum money I decide to gamble with every day. It takes discipline to follow through on your own rules, though. So its not really for everyone. |
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I don't think that players though are going to look at RTP. I must admit that in the beginning, before I played slots on online crypto based platforms, I don't know about it. However, even if I understand what RTP is, I just played on slot machines that I enjoyed and wanted to test. So for that is the key, just enjoy the game whether the machine is defined as high volatility.
Just remember that this is pure luck base game, so whatever the RTP is, if lady luck smile on you on your first spin then you might hit the bonus round or give you a good payout.
I would probably have to disagree with you on that. I very much think that many gamblers, even the newbies, are looking for a way to research the data and make the most money (or lose the least amount of their money) out of their gambling experience. So in that regard, RTP is taken seriously by many people, even if in the end, it is all about probability and statistics. What you refer to as "luck". But both probability and statistics are the valid mathematical infrastructure of reality. So saying simply that fate cannot be challenged, would be wrong. But I do think most people might be too lazy to do any research or planning in the gambling world... |
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In an attempt to discredit and disdain Bitcoin once again, 'Black Swan' author Nassim Taleb, ended declaring Bitcoin isn't useful for the 'bad guys' (thieves), due to its transparency and traceability nature which is visible in a public blockchain at anytime, which can't be forged or adulterated. So much angry against Bitcoin put one of the strongest arguments of the critics in contradiction. Now they have to decide, is Bitcoin bad because it helps thieves, or is it good because it can't benefit thieves?  'Black Swan' Author Destroys Bitcoin (BTC): 'Cult-Like, Useless, and Dangerous'
In a scathing critique of the crypto industry, Nassim Taleb, the renowned author of "Black Swan," launched a blistering attack on Bitcoin (BTC), dismissing it as a useless and dangerous phenomenon, reports Business Insider. Speaking at the Bloomberg Invest conference, Taleb denounced Bitcoin, asserting that it offered no haven and failed to serve even the purpose of money launderers. He debunked the notion that Bitcoin facilitated money laundering, arguing that its traceability made it unsuitable for such illicit activities. I think that at this point, making Bitcoin look bad and reaping all the hatred popularity is exactly what he wants to achieve. The arguments are pure nonsense which even a child can refute. I do not think it wise to give such people a platform and instead it would be much better to just ignore them. This "author" reminds me of Craig Steven Wright aka "Faketoshi", as a very large amount of people refer to him, due to his slander of Bitcoin and weak arguments. He even lost his nonsensical lawsuits. It is all about attention and ego, nothing more. |
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What percentage of your bankroll are using as your bet size. I read an article online before that 1% to 3% is the ideal for low risk gambling while 4% to 5% for aggressive gambling. I use the aggressive type bankroll management on most of my game because I’m always bored playing with minimum bets or low percentage of my bankroll because I knew that house edge will kill me long term.
Are using a fixed percentage on your bets or you are just betting random amount? Also do you deposit your total bankroll and just withdraw if you are on target profit or stop loss or you are just depositing exact amount of money for your gambling without extra.
I use 10% of my income, divide that by the number of days in the month and divide that number by the amount of times I would like to bet. For slots for example, it depends. Do I want to play 10 minutes of slots or one hour? Some days I might like to play longer other days not so much. So If I only want to play 1 minute for the day, I divide the daily gambling funds into 10 spins. I self discipline myself by making sure I do not gamble more than the daily gambling funds. That way I will not go out of control when it comes to losing money. But that is just my method, to each his/her own. |
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Interesting casino. The user interface and the design thereof could be more animated. It feels like an old flash game, which I guess is a bit nostalgic to some people but may not seem all that professional to others. I see that you are registered in Curaçao. Its good to see some form of regulatory transparency, especially coming from a almost brand new online gambling casino. That shows character. Are the games provably fair? I only skimmed through but so far it seems like a good new casino. I will be sure to take a closer look soon! Good luck with your business! |
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The concept is valid and I hope your project grows like you hope, but I do have to ask, why only crypto crash games? Are you planning on making any new additions soon? I bet the gamblers on this forum would love a massive live-updated statistics on the different games available on crypto casinos.
How do you gather the current data? Are you simply adding new things to the list or are you using an automated process for the casino data collection?
Also, are you partnered with any of the casinos or do you accept payment in exchange for good reviews?
All this might sound a bit unnecessarily paranoid, but I have had bad experiences with rating/review websites. Remember ICOBench, where "ICO Experts" were paid for good reviews?
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It sounds like you know what you are doing. Although the tools seem a bit simplistic, you might have a working concept which you can develop into something more complex. In time, I bet you could even find and create partnerships with exchanges, and gain more popularity for your website. As a trader myself, I personally do not need to use any tools like this since I can just create an excel sheet with formulas and that serves the same exact purpose. But not everyone knows how to do that and would rather have it automated by your website. So yeah, I think you might be on to something. Good luck! Thanks a lot for your words! When you say simplistic do you refer to the UI design or functionality? It'll help me improve things. I would have to say that unfortunately both. But this is not a bad thing, it just means that this is a new project which has a lot of room for improvement. So please do not take that as bad criticism but rather constructive criticism. The UI design is a bit simplistic because it lacks user experience design as well as detail. If you construct it in a way from a third perspective so that any Jane or Jerry could intuitionally use it, then I think you would create a massive improvement. As far as the functionality goes, I think you could easily fit in additional details. It just seems like a website with a few buttons is not as impressive as a many option interface. But again, those are just my own thoughts on the matter. I am sure there are users who prefer your design. Community Brain Storming. Thats what this thread is for, is it not?  |
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With the BRC-20 tokens taking up the majority of the block size on transactions sent to the bitcoin blockchain in the past three weeks causing chaos and having users of bitcoin paying enormous fees, one of the first exchanges in the US have had enough. They sent their customer base newsletter out in an email late yesterday about a certain token known as pepe. The email entails and describing the Pepe meme as a hate symbol co-opted by alt-right groups has drawn significant ire from the PEPE memecoin community. source: https://cointelegraph.com/news/coinbase-calls-pepe-a-hate-symbol-prompting-calls-to-boycott-the-exchangeOnly 24 hours ago the pepecoin backers with the community on twitter were asking Coinbase to list the BRC-20 token on their exchange with screen captures of the symbol on their own webpage, either real or photoshopped on several of crypto influencers twitter feeds. But now they are all up in arms against the American exchange with these mass emails being sent out with no hope in sight for their beloved green frogfaced meme which was created back in 2005 and made the rounds on huge online media sites such as reddit and 4chan. https://www.coindesk.com/business/2023/05/11/coinbase-newsletter-flags-rise-of-pepecoin-and-brc-20-tokens-irks-crypto-twitterSince then, there was some news about pepe & memecoins topping Coinbase in trading volume just today. Uniswap Volume Leapfrogs Coinbase Thanks to Pepe and Meme Coinshttps://decrypt.co/139594/uniswap-volume-leapfrogs-coinbase-pepe-meme-coins"Uniswap still looks to be slightly ahead of Coinbase, with $1.2 billion volume compared to the San Francisco-based exchange’s $948 million." Very interesting how these tokens which have no utility or intrinsic value except to the one's holding it, has up ended the king of all crypto and has caused a flurry of problems for the over 14 year cryptocurrency. What happened here is quite easy to deduce, actually. BRC-20 Tokens (Bitcoin NFTs) became extremely popular and very easy to make profit from,especially considering how much money laundering must have been going on behind the scenes, from big players and exchanges. And some exchanges wanted a piece of the pie, as well. I am sure exchanges understood completely that they were basically scamming their users into buying these tokens but money is money. Coinbase knows better than to step into a gray regulation zones which might make them look suspicious, which I am sure is the reason why they decided to distance themselves as far as possible from Pepe and other trashcoins. |
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There are many advantages to the relationship between gambling and Bitcoin. Firstly, Bitcoin provides a secure and decentralized way to gamble online, which is attractive to many gamblers who value their privacy and security. Transactions are processed quickly and can be completed without third-party intermediaries, making it a popular choice for online gambling sites.
Another advantage of using Bitcoin for gambling is that it allows for more anonymity than traditional payment methods. This can be especially important for gamblers who wish to keep their gambling activities private.
Furthermore, Bitcoin transactions are often cheaper and faster than traditional banking methods, which can save gamblers money and time.
Many online casinos and sports betting sites now offer exclusive bonuses and promotions for Bitcoin users, which can provide gamblers with extra incentives to use Bitcoin for their online gambling activities.
Can you tell us another advantage of opening an account in a Bitcoin Sportsbook?
Bitcoin transactions are transparent and open to the public. Which means that anybody can take a look and trace/prove certain transactions. There is no middle man required for this. This also means that nobody can cheat/scam somebody just because their gambling experience did not turn out the way that they hoped it would. Currently, Bitcoin is working on cheaper transaction costs but there are also cheaper options. Especially other cryptocurrencies. Online crypto gambling casinos do provide a large amount of advertising for Bitcoin/crypto. They may even be one of the top promoters of Bitcoin. That is definitely a good thing. If casinos find more ways to connect normal people with Bitcoin, then I am more than happy about that. |
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Hey everyone!
I am an enthusiast trader and a year ago I had this idea to create a free-to-use website that would feature all the most essential and useful tools/calculators that traders and investors use on a daily basis.
It sounds like you know what you are doing. Although the tools seem a bit simplistic, you might have a working concept which you can develop into something more complex. In time, I bet you could even find and create partnerships with exchanges, and gain more popularity for your website. As a trader myself, I personally do not need to use any tools like this since I can just create an excel sheet with formulas and that serves the same exact purpose. But not everyone knows how to do that and would rather have it automated by your website. So yeah, I think you might be on to something. Good luck! |
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That is a very nice list OP, good job!
Although I doubt that these Influencers will be able to bring anyone 100 million followers. Perhaps 1 million, but that is a very conservative "guesstimate". Furthermore, I suspect that many of those social media gambling influencers have probably done what most influencers do and padded their accounts with bought followers. It is almost impossible to tell how many are bought but I do not see how its possible to have 17 million followers and only a couple hundred comments and a few thousand likes on content. You would think they would have thousands of comments, at the very least.
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Are you confusing them with Trust wallet? I didn't think Atomic was also owned by Binance?
I think he is confusing Atomic with being Binance owned, but Trust Wallet is just as closed source as well, and ironically there is no point in trusting such wallets. You might as well store your coins on Binance. They might have a lesser chance of being hacked. Although looking at the past history of crypto exchanges, they eventually screw up, get hacked or straight up steal your money.   I agree that any wallet which is not 100% open source is a red flag. Otherwise behind the code could be a third party, trying to take your money with a strategically planned hack.  inb4 North Korea was behind Atomic all along. |
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Do you think social media is now becoming more a place for business than socializing, Could it be as a result of digitalization and things moving online or more people now starting business online because of need to somehow generate income or another source of income for self to survive the economic situations which is becoming tougher?
I do not think that business and socializing can be summed up in the same meaning, but they are intertwined and inseparable. If you look at the fact that socializing and trading are basically the same thing - selling (advertising) or buying (asking) something we need in our life. Usually socializing costs us only time. However, in some cases it can cost money. Businesses are extremely social, because they have to be. Otherwise they fall into disregard and eventually just dry out. You cannot earn any money without socializing. That is why many people say the customer is king. |
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Is there any decentralized currency that has ever become a global reserve currency? That's not possible, I want to stick to the fact that Bitcoin is a good store of value and it's decentralized, that's why it's fit to be a digital gold instead of a global reserve currency.
I don't keep money anywhere else than in my Bitcoin wallet, I have another source of income that I use for living, and that's where I end up spending fiat currency, if there is a way I can buy everything I want with Bitcoin, fiat currency will seize to exists in my world.
You say it is not possible even though you contradict yourself with your first statement about how there has never been a decentralized currency which has been a global reserve currency. Furthermore, I would add that there has never been decentralized currency before Bitcoin. So I am not sure as to what you are referring to in your example. I want to see fiat currency cease to exist in everyone's world. That would be the dream, would it not? No more corruptable money, no more intransparent dealings, no more regulated and controllable currency? Bitcoin will definitely overcome fiat and prove itself as number 1. That is a question of when not if. |
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It's really a shame, this is really one of those sad stories that really tell the dark side of sports betting and gambling in general, I could not help it, but had tears rolling down my cheek while reading this story.. Another future father, a future millionaire maybe, young 22 year old boy with a promising future lost to suicide after losing his school fees, and that of his friend to sport betting due to gambling addiction.. We are in the 21st century, until when before people realize that suicide does not put an end to problem, but rather create more for those living?? This is really a sad story though, ya all can read it on https://punchng.com/how-ogun-student-committed-suicide-after-losing-school-fees-to-sports-betting/?utm_source=telegram&utm_medium=socialI hope we all as gamblers learn a thing or two from this, and go back and look at our gambling life and see if there is a thing or two that needs to be adjusted.. I pray non of us, and any of our relative shall ever be a victim of such a sad story 😢😢. That is indeed a sad story and it is unfortunate that that boy chose to take his own life over money. This just goes to show how psychologically powerful money can be, in the hands of different people. I doubt most of us would ever think of doing something so dark and rash, because of a debt. The news article also says that the deceased was heir to some throne of a town in Osun State? I wonder if the problem was really about gambling addiction/money troubles or something deeper. We may never know. But I think that gambling should be done responsibly and with a lot of self-discipline. We are only human and sometimes our emotions get the best of us. One can never be too careful. |
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I've had my LB account for almost a year and used this casino many times without issue.
Today I deposited some funds, played a few games and began to lose so I tried to make a withdrawal.
I guess they didn't like that for some reason and flagged the withdrawal.
They gave me mixed reasons as to why from random checks to accessing the site from a restricted area which isn't true because if the IP is blocked the site will not even load.
Anyways, they are demanding kyc and I refuse so they will close my account
Never had this issue at any casino. Even ones I've logged onto from restricted areas, including LB.
They refuse to complete my withdrawal so all funds are lost.
I think they're just mad I tried to withdraw to another casino so quickly and have stolen my funds.
Just a heads up, lucky block is not safe.
I cannot say the reason why you account was flagged and on what grounds and with what evidence, however it does seem to me that your refusal to do KYC is the main reason why they decided to close your account. However as far as I know they do have to give you your deposited funds back, even if you refuse to do KYC. But you would have to consult somebody who understands the law in gambling in the respectable country of their regulation. It does seem that you break the TOS of pretty much any casino site you are on, by your own admission, so that might be a problem. |
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1. Odds transparency Traditional online casinos claim they run games via a random number generator. But how random is the number generator? It’s a legitimate question. What a traditional casino says it does and what it does could be two different things. Bitcoin casinos operate via transparency. You know true odds when you wager in a Bitcoin casino. If you’re a sports bettor, you understand that knowing the odds is the first part of making smart bets. You won’t always make winning bets, but you will make smart bets, which is the only thing we can do when betting. In the long run, the more smart bets we make, the more we profit. 2. Safety and security It would take 51% of all nodes to steal a transaction. By 51%, we mean thousands of computers would have to decide to steal the same transaction. It’s almost an impossibility. We can’t write impossible because nothing is 100% impossible. But the amount of work it would take to steal your Bitcoin casino deposit is as close to impossible as it gets. The real reason? Proof of work rewards Bitcoin miners to create blocks, which means the rewards of validating and securing transactions is more than the reward from stealing almost all BTC transactions. 3. Game variety Variety of games is a sign of an honest casino. The more games there are, the more ways players can win. If a casino offers fewer games, there’s a chance those games could be more prone to shady tactics that lead to losses. Also, it’s easier to manage payouts when there are fewer games. Traditional casinos that offer fewer games may be fudging the amount they pay out on each win. Bitcoin casinos often provide more games. Not only that, but the payouts are also often higher due to Bitcoin’s transparency and decentralized aspects. Full article here: https://n2g.io/5794fc1I also do not believe that random number generators are truly random. At some point, the sequences, algorithms and formulas can be found out by skilled reverse engineers. But what if the casino is hacked or exit-scams? If your Bitcoin is on a casino wallet with third party access, you cannot be sure of safety, can you? So I am not sure about point 2 but I agree with your opinion of Bitcoin transactions being transparent is a good thing. I think we are headed towards a Bitcoin world that will sooner or later create a more fair gambling experience. However it seems to me that web2 casinos need to boost their casino technology before we get to that point. |
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