Just because the miners are benefiting does not mean this NFT/memecoin fad is good for Bitcoin. POS has nothing to do with ordinals but rather I am talking about POW being forced into a corner and people might start seeing the switch to POS as an easy option in order to decrease the congestion as well as the transaction fees (by upping the scalability of the blockchain.)

Take a look at what happened to Ethereum once the PoW started showing the weakness of congestion and ridiculously high transaction costs. That became the main argument for the switch to POS. But they sacrificed their decentralization for it. I am simply connecting the dots and seeing something similiar happening to Bitcoin, because of ordinals.

Sure, there might be a different solution, but nobody has proposed one yet. I just hope this is not what pushes Bitcoiners towards accepting POS.

It is way too easy to become a "crypto influencer". What they do to become famous is very easy and has been documented many times already. First, the rent out a lamborghini, then they rent out many expensives things, clothes, a large house, and so on... All that is left is to make a video with beautiful women and tell everyone how they made an amazing amount of money in a very short amount of time with nothing but crypto. And they are more than happy to let you in on the secret, for a fee.

It does trick the desperate and the greedy people but anyone with half a brain can see through their scam.

That is why I avoid following EVERY and ANY influencer. Its all fake and scripted.

All it takes is one attacker with different IP addresses and a simple bot script to automate the process of using dummy accounts to keep withdrawing bonuses until they have driven the casino to ruin. Although I doubt that would happen without any casino staff noticing something but it could happen over a short period of time before anyone can do anything.

The casino has to make sure their promotion system cannot be exploited. This is probably somewhat of a challenge for smaller/newer casinos that do not have the budget for security audits. But common sense alone should prevent them from implementing unnecessary rules like withdrawing bonuses without having to play with their own money first...

Was your deposit in crypto? If not, then this topic does not really belong on a Bitcoin forum.

Whether a casino is reputable or not should not be a subjective thing. You should tell us the name of the casino.

I have not heard of any casino asking for a bank account statement for verification purposes and that seems a bit strange, to be honest.

If you give a bad actor enough information, they could easily identity theft you and take out loans in your name, and do much much more damage than you would have thought possible. You should be really careful with personal information and giving away pictures of government documents, such as ID, Passports, and so on...

Where is the casino in question registered? Did you read the terms and conditions of the casino?

I totally agree with the part of pre-planning a budget before you start your gambling. That is a very responsible way to save yourself from losing all your money. Also, perhaps inviting a friend to hold your budget for you and ask him to not give you any of your money in the case that you should feel like you are starting to lose control. That might also be a smart precaution to take?

Avoiding alcohol intake during gambling might take the fun out of gambling for some people. Its basically part of the entire gambling experience, is it not? Unless of course you have had a drinking problem in the past. If you had an addiction problem In that case it would be better to stay away anything which can be considered addictive. Gambling included.

Although in this particular case, the players themselves are heavily involved in the fraud, it just goes to show the intentional lack of regulations and laws. It all comes down to the politicians making this possible. I would not be surprised if the latest betting fraud in Brazil filled up some politicians pockets up to the brim. If they really wanted to fight this kind of corruption, they could easily do so. They would only have to look at other countries as an example. But I doubt it will ever happen. Too many bribes in the wrong hands.

Seems sad, really. Seeing as football is a national treasure for Brazil. You would think they would treat it with more honor and reverance...

The fact that the article calls it soccer is laughable. I hate that word. I mean seriously, who call its soccer?

Hello and welcome to the Bitcointalk forum! Hopefully you can achieve being the first real decentralized sports betting service. Although I am not sure how you will go about doing it.

Do you have a whitepaper or something which explains the technical parts a bit more in detail?

As I understand it, current betting services which claim to be "decentralized" are actually pseudo-centralized in nature and there are still centralized entities that can withhold or block winnings or funds in one way or another. The reason being that mostly regulation laws but also the fact that gambling is too complex to fully decentralize as a web3 service.

How are you planning to move around this problem?

Our options seem to be running out and it seems that Ordinals will not go away, even if we were to restore the pre-taproot transaction size limit or introduce some filter method.

So can we assume the very goal of Ordinals is to be a coordinated attack on Bitcoin, to push Bitcoin out of the competition or, more likely, push Bitcoin towards a POS consensus? If the second hypothesis is true, then who would have the most to gain? Who would have the most control over Bitcoin?

When ETH became POS we saw three addresses that had almost half of all Ethereum. That was a very dangerous moment of decentralization for ETH. But could this decentralization happen to Bitcoin?

I think that no matter how dire the situation becomes, we should steer clear of POS. It feels like a trap that we are being cornered into.

I personally do not see a need for reincarnation. I see life as a whole. Our minds separated from each other, giving us the mere illusion of individual consciousness. But what are we really? The universe observing itself. A singularity, expanding and dividing into infinite pieces and rearranging into strange patterns, yet still puzzle pieces which fit the same puzzle.

At the quantum level, our only differences are the quantifiable. No proton is different from another proton. No electron distinguishable from the other.

Only time can tell how long that is going to take or how long we will have to keep enduring high fees. But I believe the attack to be unsustainable. There is a limit to the number of idiots who buy NFTs/scamcoins. If that makes me naive, then so be it.

BRC-20 is a useless parasitic existence which needs to definitely be removed. If that means rolling back Taproot, then I am all for it. Althought personally I doubt that the attacks will be a long term thing. Hopefully this is just a dumb fad which will calm down and even perhaps die out, over time.

I would not call it a "fatal flaw which can bring an end to Bitcoin". Its rather an irritating thing which can and will be carved out of the Bitcoin chain "ecosystem".

Ironically, his entire rant about "useless signature spam replies" is a useless signature spam reply in itself. So I am guessing he had nothing to add to the discussion so he decided to write something unhelpful and toxic. Whether his bounty manager thinks that that is a pay-worthy post is questionable...

Just because not everyone is a genius who knows how to maximize their profits with referral bonuses does not mean that the entire topic is not worth talking about in the first place...

I think referrals are important to talk about. The discussion could help someone with a low income earn more money. Or they could learn something new. Its obviously not a waste of time, as the previous poster claims...

I doubt there is any need for concern over the whole BRC-20 debacle. The truth is that its not sustainable for the attacker, while profitable for the miners and irritating for the Bitcoiners making transactions.

In the worst case scenario, a soft fork will cut out the entire system but at the same time who is to say it will not return under a different disguise?

I am not worried. The only reason why money launderers and scammers are so interested in it right now is because its heavily unregulated. Its still a separated market, though. And without a means of trade such as a centralized exchange, there is no point to it, making BRC20 incredibly centralized. Once its declared a security, which it most likely will be, nobody will want to touch it.

I do not really think about third party slot providers when I play.

While I play only on trusted casinos, that I can believe would not lie about their slot audits or the fair game play, but I have honestly never been able to detect which slot games are from a third party provider and which is an original slot game by the casino itself. To me, its enough that the casino is reputably fair and secure.

I guess the only telltale sign could be that the same slot game is available on other online gambling casino platforms?

You could try to email/message the casino itself and ask about which slot games are original and which are not. I am sure they would tell you.

Spending crypto when the market is down is a waste. Because the market will be up again soon and since we know that, spending during down times is just throwing money away.

It always goes up and down and up and down.

Remember that one guy who bought a pizza with what is now considered millions of dollars worth of Bitcoin? Thats the guy I think about whenever I get the urge to sell or trade my crypto for something else. Although specifically I am talking about Bitcoin, perhaps the situation is exactly the opposite with scam coins. It might be better to spend them before they become worthless...

This is more of a question you could ask in the Beginners & Help section of the Bitcointalk forum but I will gladly answer your question:

First of all, do not trust Trustwallet. Ironically, since it is closed-source, it is not a wallet you can trust. Furthermore, it is a wallet which is owned by an exchange; Binance.

Do not keep your coins in a third party wallet which can take them away from you at any time for any reason. This goes for all centralized exchanges. Kucoin and Binance included.

Mycelium and Electrum are both good wallets but I myself prefer Electrum. And I think most Bitcoiners on this forum would probably say the same thing. Although if you really value your security you should invest in a good hardware wallet, instead. That is the safest and best option currently on the market.

Decentralization does not exist for online casinos just yet. There is always a centralized component which centralizes the whole casino, effectively. Any casino claiming to be decentralized is just using that word for marketing purposes. In a decentralized casino, you would have control over your money at all time and no centralized entity could interfere with your winnings/funds. Casinos are too regulated and too complex for them to be run by smart contract protocols. There must always be a middleman who is in control.

The same goes for the games of the casino.

In the end, its all just false advertising.

Probably. But, fine by me. Today's cheap Bitcoin is a nice birthday present from the NFT/money-laundering crowd.

I think its part of his vision. Give the people the freedom to do as they like. If they want to do something stupid like leaving their Bitcoin in someone else's hands, thats fine. They have the freedom to do so and once they lose their money, they will serve as an example to future Bitcoiners not to do the same.

The whole Ordinals "attack"? A lucrative reward for the miners.

It will not last because it is not only a nuisance to Bitcoiners, but simply unsustainable and pseudo-decentralised. It is still on a secondary market because Bitcoin has no DeFi protocols. So obviously the launderers will soon hit a wall of regulations and government barriers. There are only so many idiots who are willing to throw their money away for Bitcoin NFTs / Memecoins. Its just a fad and it will disappear. Like ICOs.

And all the poor saps who bought the memecoin scams will be left stuck, sitting on them.

You know you made it when current Bitcoin fees do not bother you because you are hodling. But it is hurts to see the ordinal scammers smearing Bitcoin's name with their Bullshit-Rort-Con 20 tokens.

Well, at least the miners are making decent profits off the idiots who actually fall for the BRC20 scam. Enjoy it while it lasts (Protip: it wont).