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1281  Economy / Gambling discussion / Re: How's your gambling experience right now? on: May 08, 2023, 01:17:42 PM

The transaction fee on Bitcoin is increasing day by day. It cost now 14$ for a low-priority transaction to 17$ for high priority transaction. I was planning to make a deposit today on my casino account until I notice the high fee on my electrum sent tab. The fee is almost 5% of my total bankroll that I was supposed to deposit. I decided to rest for now since I will be down immediately by 5% for a transaction that I don't know when will gonna be confirmed.

Is anyone still playing today with this high fee? I think those gamblers that leave funds in the casino are very happy that they didn't need to experience this fee drama.

Best to wait a bit until things calm down and fees drop. Or gamble with an altcoin. You do not have to use Bitcoin everytime just to gamble, you know? And personally, losing altcoins does not sting as much as when you gamble and lose Bitcoin, for some reason  Tongue

A middle-way solution would be to use a Bitcoin pegged altcoin, and preferably, when such casinos come out, gamble using those Bitcoin pegged altcoins without having to send them to any third party wallet.

It should be possible already with BEP20, ERC20 and etc. pegged Bitcoin and self custodial wallets. But I have no idea if there is any legitimate and trusted casino offering such services.
1282  Bitcoin / Bitcoin Discussion / Re: Bitcoin is racist on: May 08, 2023, 12:33:44 PM
I love watching the SEC realizing that they cannot do anything to stop or regulate Bitcoin at its core. Their desperation and panic is telling me we are heading towards the right path and we should keep going! Grin

The more ridiculous the insults and smearing campaigns of anti-coiners such as the SEC or the bankers become, the closer we are to a marvelous future of Bitcoin as the true global money. At some point the governments of the world will have to admit that Bitcoin is the new generation of money and it should be adopted as such.

But they are too prideful. They would rather create a CBDC because it makes it seem like they created the new gen money by government hand. But it will fail.
1283  Economy / Gambling discussion / Re: What kind of rewards/bonuses do you prefer? on: May 08, 2023, 12:23:26 PM
Hi we are changing the reward system and we would like to have some feedback before launch the new system

What kind of rewards/bonuses do you like ?

Welcome bonuses , cashback , freespins etc ?

or what kind of rewards would you like to see in an online casino ?

Thanks

One of the best and most rewarding bonuses should be the sign up bonus. And this is a bonus which the casinos should be generous with, otherwise you can tell whether or not a casino will have good bonuses for members if the sign up reward is not all that good. So its really the first and best impression a online gambling casino can make. After that I personally enjoy free spins and loyalty bonuses. The more the better.

A good casino will not shy away from a generous bonus system. Its really the best kind of marketing for them and a very effective member retention strategy.

Cash back bonuses can be quite nice as well. But I would rather have the double value equivalent, in free spins.
1284  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 08, 2023, 12:10:39 AM
PEPE is such an obvious scam its not even funny. When do you guys think the rugpull will be? This month or next?
1285  Economy / Economics / Re: How to increase profit in business on: May 06, 2023, 09:02:45 PM
From my experience as a business person, in buying and selling, I have discovered some helpful tips on how to increase profit. I an happy to share some in this forum.
Customer relation, a business person must understand that customer is king and should be treated like a royalty. Even it they are buying the least thing in your shop. When they leave your shop delighted, be assured that they will always come back to patronise you. And they will even market your products to their friends. Meaning more patronage for your business which will be increasing your profit.
Your business should have at least one season when you give out rewards and discounts to customers when they buy your products. This will increase your sales geometrically and when you remove the cost of the reward and discounts, you will still have increased profit.
Stock different brands of the products that you sell. Customers will prefer to enter a shop where they will see different varieties of what they need. More customers will enter and will even be tempted to buy more than they planned for. More customers equals more profit.

Please feel free to drop your own ideas on how to increase profit in businesses.


From my experience as a marketing person, you seem to be leaving out one of the most important aspects of any business and instead making the mistake of relying on your customers to lead the direction of marketing for you. You're the one who should be paving the path of how your customers view your product. Not the customers themselves. If your marketing is effective, you can maximize your profits without relying on hard logic. Marketing is more of a soft logic approach, which can be thought of as a tool of motivation. You need to convince someone of not just the fact that they need your product, but why they need your product and why they should buy from you.

Your PR approach of giving away rewards and discounts is good, but you should aim before you shoot. If you combine community-led advertisement with rewards for example, that alone will drive your „Word-of-Mouth“ marketing to new heights.
1286  Economy / Gambling discussion / Re: [POLL] Using AI to predict outcomes on: May 06, 2023, 08:30:31 PM
I think you will not deny that the algorithms are improving. So I'm wondering at what point will you stop distinguishing the "bad" algorithm that googles instead of you from AI? It seems to me that this is just a matter of trends and they are obvious - before everyone laughed at AI (you can call it algorithms, programs, whatever) because they had zero ability in art (for example), but now algorithms rule here too.
As for the reliability of the data, one should not exaggerate the analytical abilities of a person - the majority live in the reality that is shown in the news. Each individual person will not be able to exceed this level of reliability, but AI will do this easily, since after a while it will not only process ready-made data arrays, but independently form them.

Don't get me wrong, I think the current "AI" is very useful and will definitely shape the future of IT but lets be honest here... It is not actually Artificial Intelligence. There is nothing intelligent about it. Real AI does not as of right now actually exist yet. AI would be able to assert it's own will and it would have an own consciousness. Modern "AI" does not have that. Its just a really complex algorithm, which has the parlor trick novelty of seeming like a real consciousness. But it has been proven again and again that its just a predictable algorithm.

Its a very useful tool. Like ChatGPT, for example. Instead of googling answers for hours and writing an essay on some subject, it does it for you. But it will not start questioning why its doing an essay for you. It won't refuse to do it or demand something selfish in return for its work.

I understand your point, but I do not understand why you think that people are somehow different from complex algorithms? I don't see any difference (fundamental). If the algorithm is given a number of tasks with different priorities (including self-interest - so that it asks for something in return for the work done), then in the end it will also seem to you from the outside that this algorithm has its own will or self-consciousness. Although his "meaningful" actions will only be a balancing act among the priorities of the tasks that are laid down in him.

Because people are different from complex computer algorithms. Algorithms, no matter how complex, rely on the simple system of 1s and 0s, which has not changed since the invention of computers.

Humans are different, for our very consciousness, even though we do not fully understand it, obviously relies on the open world and its physical laws with our brains being the wetware which receives and processes immeasurable, infinite amounts of information which gives rise to our consciousness. Our own parameters are the very laws of quantum mechanics within which we reside. We are driven by quantum forces while a computer algorithm can only ever be written and interpreted within its predefined framework and parameters.

A program stays a program no matter how similar it becomes to humans. And a computer will never receive any input other than electrical signals. And only in a specific fashion, as well. Even if you were to convert every single physical measurement required into an electrical signal input, it would still only be a poor imitation of our own consciousness.

AI has no consciousness. Its just a neat and useful parlor trick. Maybe quantum computers will be able to bring us real AI. But we are decades away from that.
1287  Economy / Gambling discussion / Re: Have You Experienced Winning Bets By Upsets on: May 05, 2023, 03:06:12 PM
Upsets are rare and profitable and not everyone has the courage to take a risk and bet on the underdogs, but those who do are rewarded with huge profits.

So I'd like to ask

Have you bet on the underdogs and won?

How many times you did this?

And what made you bet on the underdogs is it because of insider tips or just an insight based on your analysis?

Your level of risk when betting for underdogs in the hope of winning by upsets?



From a statistics and probability mathematics perspective, there is absolutely no point in betting on the underdog. Sure you are given better odds but historically, they are the underdogs for a reason. Because they lose very often.

I rather bet on someone with a history of much more wins than losses.

I also would never trust anyone who provides me "insider tips". Nobody is going to be giving away real insider tips without expecting something for it. And obviously nobody except the big dogs and those connected to them can be expected to have such tips.

Anyone who does that can only be considered to be extremely naive. I do my own research and my own analysis.
1288  Bitcoin / Bitcoin Discussion / Re: I won £50 - should I use it to buy Bitcoin? on: May 05, 2023, 01:19:31 PM
Bitcoin is always a wise investment. Although not putting all your eggs into one basket is also considered a wise choice in the world of investing.

I personally believe that it would be smart to invest any amount of extra money into Bitcoin, and that is exactly what I would do, if I were you, but I am not going to give you financial or investment advice. Certainly not over 50 Pounds... Is it really worth considering what to do with such a small amount of money in the first place? It is not a life-changing amount of cash.

You might want to save up a bit more money because you should consider the fees for each purchase. If you invest small amounts of money regularly, the fees will add up and eat into your investment.
1289  Economy / Gambling / Re: Land base slot vs Online slot RTP on: May 05, 2023, 01:07:04 PM
Not only do the land based slots cost a lot of money to maintain but those costs are obviously going to affect the RTP. Casinos are not going to accept paying for the costs out of their own profits. Roll Eyes

Obviously the casino is going to use misleading marketing tactics to make both kinds of slots to seem amazingly profitable but that is to be expected. So, I would rather expect the unexpected: When comparing the land based slots and the online one's RTP, I am certain that both are regulated and controlled heavily to ensure fairness but the offline, physical ones are easier to manipulate, I think. You can call me paranoid but I would rather trust slots which are coded and the code can be checked at any time to ensure the fairness and security.

You cannot take apart the physical ones to make sure there is no tampering to the RTP, just for a check-up. Roll Eyes
1290  Economy / Trading Discussion / Re: Trading not a get rich quick on: May 04, 2023, 02:39:33 PM
This is another sadden story again about someone that just supposed not to trade crypto and meme stocks. Trading and investment is not a get rich quick. Meme stocks trading is like gambling. Coins like bitcoin may be promising, but what if you invested at $50000, bitcoin price now at $30000. Bitcoin will get to all-time-high but not good to use the money that is not yours.

As for trading, not that it is not a get rich quick, but you should use the money that you can afford to lose. The man may wanted to return that money, but crypto and meme stock trading  landed him in prison.

The former chief financial officer of a special purpose acquisition company (SPAC) was sentenced to three years in prison after embezzling $5 million, which he used to trade cryptocurrencies and “meme stocks.“

Read further about it: Ex-CFO who stole $5M to trade crypto and ‘meme stocks’ gets 3 years in prison

Too many people are using trading as an excuse for what they are actually doing, which is gambling.

Trading and gambling can be similar but only if you are not serious about your long term plans. A person who keeps trading back and forth, hoping to catch that 10% candle is going to waste 20% on fees before/if that moment even comes.

And a lot of these fake traders have absolutely no self control and no strategy. Which in itself in nothing short of a recipe for financial disaster.

I blame all the "Influencers" who fake being rich traders who own nice cars but at the same time demand "fees" for their "trading signals" or their "trading lessons". All they do is steal money from gullible people who think the memesters actually know what they are doing.
1291  Economy / Economics / Re: How Much Garden You Would Need to 100% Survive On on: May 04, 2023, 02:03:06 PM

For people who have land in front of their own house, it is very nice, because they can immediately turn their home page into a small garden to grow plants and fruits that can be consumed. But this will not be able to be run by those who only have a house without having a qualified front yard. So I think the advice you give is very limited because it is only for certain people.


I think if we consider some time and space saving options, you would need only a minimal amount of garden to survive on.

Something has lately sparked my interest. Namely indoor gardens aka greenhouses and potato growing bags. The growing bags are interesting because you would not have to actually uproot and harm/destroy the potato plants, rather you open a section of the bag and take out the grown potatoes. The plant itself stays unharmed and continues growing even more potatoes for the maximum yield, until exhaustion. Unlike if grown in a field, its more efficient, I would think.

It takes 3-4 months for the plant to grow to the point of harvest and with a potato bag, even though the next harvest will not be as plentiful, it should only take 10 weeks for new potatoes to fully grow.

Whether or not thats more efficient than replanting and waiting 3-4 months for a full harvest can be a point of argument...

You could grow in a greenhouse, or even in a room with sufficient sunlight. Even in winter, so the question is, seeing as you do not need to replant every time, how many perpetually growing potato plants do you need to harvest a steady amount of potatoes and survive?


edit: I am not plant expert, so I might be completely off on how many times you can harvest from a single potato plant. A strategically timed replanting could achieve the same result.
1292  Economy / Gambling discussion / Re: How Big is the online gambling industry today? on: May 04, 2023, 12:49:10 PM
If you do not take into account the unreported or under-reported earnings of online casinos, 60-80 Billion USD is the estimated size.

I have no idea of the actual size of the online gambling industry, especially if you take into account the fact that it is so easy to open an online casino nowadays, even for most laymen... Which is why there are so many incompetent failures in the online gambling world, I guess...

But I would wager that online gambling is way bigger than physical gambling by now. Any physical casino owner knows its best to go with the techno/sociological flow instead of against it, and so any physical casino owner must have created a online counterpart of their business. And if you count the stand-alone online casinos without a physical presence, then logic dictates that online gambling is the clear winner, when it comes to sheer numbers.

1293  Economy / Gambling / Re: Which are best stake alternatives on: May 04, 2023, 11:44:44 AM
Any casino with a long outstanding reputation and no serious scam accusations is extremely similar, and I could even say that they are basically almost the same. The things you want to look for are the bonuses and the customer service. Especially how seriously they take customer service.

As for me personally I would say the next best ones are Duelbits, Fortunejack, Rollbit, Betfury, Owlgames.... There are more but the lists have already been posted in this topic so there is no point to me repeating them.

Just make sure to take a look at their trust status if you want the community's feedback.

1294  Bitcoin / Project Development / Re: Start-Up Funding on: May 03, 2023, 09:06:12 PM
Hey all,

I'm new to the Bitcoin Talk forum, and I hope it's alright for me to ask a few questions. I've been exploring the DeFi space for a while now, and have come across numerous innovative ideas that I've been working on for quite some time. I'm sure many of you have gone through a similar process, and you know it's not easy. Despite the challenges and occasional market setbacks, I remain optimistic and determined. After carefully crafting business plans, prototypes, and technical documents, I've assembled a group of talented individuals to help me build out these ideas. So far, things have gone well, but now we're at the funding stage. I'm well aware of the competition, but my determination to create decentralized interoperability solutions drives me to outpace the big-player exchanges.

As a young and passionate cryptocurrency enthusiast, I'm committed to developing innovative applications aligned with Satoshi's true vision. However, my age sometimes leads people to underestimate me, which only fuels my motivation to prove them wrong. At this stage, I'm looking for more talented individuals to join our team and help bring this project to life.

Regarding funding, I'm seeking suggestions for funding a new project in its early stages. We currently have seven prototype versions, and I'm working on the eighth. I've been working tirelessly to explain the project's concepts in plain English and back them up with detailed mathematical documentation. If you have any funding suggestions or know of someone who might be helpful, please let me know.

Thanks,

TWD

Hello and welcome to the Bitcointalk forum! I hope you will become a valuable member of our community! You will find that Bitcointalk is the perfect place to look for investors as well as valuable and knowledgeable and experienced team members.

As far as your funding question goes, I think it should be said that unless you have something of substance that you can show us, I doubt anyone will be interested in investing their time or their money into your project.

A whitepaper/documentation is only second to your Minimal Viable Product. So show us that your concept works and has some kind of potential. Your MVP does not have to be amazing or fully functional, but it does need to have the "skeleton" of your product. Something gives proof that you spent a lot of time working on it.

Keep in mind that many Bitcointalkers are very wary of scammers and frauds. So convincing us will be difficult, yet rewarding. Do not expect our trust upfront.
 
1295  Bitcoin / Bitcoin Discussion / Re: Bitcoin funding illegal activity, whats your opinion? on: May 03, 2023, 08:06:24 PM
A lot of people made thousands, milions using the decentralized blockchain currency for over 10 years now.
Obviously Bitcoin was a big impact on the internet and has helped lots of people.


But, it has also been used, still being used, for all sorts of criminal activity, providing a payment and wealth storage solution to armed conflicts, organized crime, narcotic trades etc..

What would be your take on curbing this issue?


This entire subject is moot and pointless.

Bitcoin is way more traceable than normal paper money. Cash aka fiat is the ultimate way to keep your illegal activities hidden from public sight. On the other hand, Bitcoin is based on a public ledger that anyone can take a look at. The transactions of Bitcoin can be followed to their origin, and if that origin has a exchange account with KYC or even his real IP, then the government can easily find the person behind those illegal transactions.

If the government wanted to curb criminal activity, they would implement Bitcoin in the place of fiat.
1296  Economy / Gambling discussion / Re: Do you blame someone for your gambling losses? on: May 03, 2023, 11:13:46 AM
Court sentences mother, son to 7 years imprisonment and what did they do? Court sentences mother, son to 7 years imprisonment


The mother and the son after gambling away 5.6 million naira, that is about $8,000. When the reality dawned on them, they gave false information in petition, accusing someone of fraudulently transferring the fund from their Opay account to the sport betting account without their authorization.

Could this be a case of making someone pay for what they didn't eat or a case of double standard.

Bet as you can sustain and not allow your emotions have a better part of you.



From what I have seen, a lot of people like to blame, and especially make false accusations against the casinos once they lose a substantial amount of money. You can see this happening almost daily on this forum. But its all hotheads trying to exact revenge or cheat their way into getting their money back.

As far as the story of the mother and son goes, I think they totally deserve punishment for falsely accusing someone of a crime which could ruin that persons life, although 7 years seems a bit harsh, given the amount of money only being 8000 dollars worth of Naira- But that has absolutely nothing to do with gambling nor could it be blamed on gambling addiction since the crime here is false accusation. At most it could be seen as the result of gambling addiction.

Thats still no excuse to do something that disgusting, though.

1297  Bitcoin / Bitcoin Discussion / Re: Bitcoin - what is your plan when we reach $100k? on: May 03, 2023, 10:47:19 AM
I do not have much Bitcoin currently but I am planning to convert a lot of the profits I make in my altcoins during the bull run into BTC which I will then hold till the 2028/29 bull run.

I expect Bitcoin to reach at least $100k at the peak of the next bull run, possibly $150k.

Just wondering what we are all planning to do when Bitcoin does reach $100k - are you selling or are you holding till the 2028/29 bull run?

Celebrate and keep hodling. Because 100k USD is not the top and it will go further than that. In fact, I believe Bitcoin will ultimately become the true global money once the governments of the world realize how useless fighting against it is and that Bitcoin will never be fully regulatable.

I definitely see 1 million USD being reached within the next decade and even then, Bitcoin will go further and further. In fact, since Bitcoin is capped and therefore has a limited number, each Satoshi can be worth a lot of money in the future. There are around 8 billion people on earth soon. Divide Bitcoin up between 8 Billion. That is the current potential. But the population will grow and Bitcoin will become even rarer and more sought after.

Fiat is money in control of the people while Bitcoin is people in control of the money.  Grin
1298  Economy / Gambling discussion / Re: [POLL] Using AI to predict outcomes on: May 03, 2023, 10:39:27 AM
That is exactly the reason why I call ChatGPT a glorified "let-me-google-that-for-you" app. And honestly it is. Just a somewhat complicated and modern version of it. I think everyone in this forum knows my distaste for the current GPT fad going on, as if though ChatGPT was anything actually impressive. The feeling to this fad is very similiar to the same fad feeling as when "3D Television" came out and everyone was going crazy over it. And now? Nobody wants or needs it.

Same with ChatGPT. More impressive and/or useful AI will come out. Either that or the entire AI fad will fade out and it will just be known as a modern algorithmic solution for programs. Because "AI" is just an algorithm.

I think you will not deny that the algorithms are improving. So I'm wondering at what point will you stop distinguishing the "bad" algorithm that googles instead of you from AI? It seems to me that this is just a matter of trends and they are obvious - before everyone laughed at AI (you can call it algorithms, programs, whatever) because they had zero ability in art (for example), but now algorithms rule here too.
As for the reliability of the data, one should not exaggerate the analytical abilities of a person - the majority live in the reality that is shown in the news. Each individual person will not be able to exceed this level of reliability, but AI will do this easily, since after a while it will not only process ready-made data arrays, but independently form them.

Don't get me wrong, I think the current "AI" is very useful and will definitely shape the future of IT but lets be honest here... It is not actually Artificial Intelligence. There is nothing intelligent about it. Real AI does not as of right now actually exist yet. AI would be able to assert it's own will and it would have an own consciousness. Modern "AI" does not have that. Its just a really complex algorithm, which has the parlor trick novelty of seeming like a real consciousness. But it has been proven again and again that its just a predictable algorithm.

Its a very useful tool. Like ChatGPT, for example. Instead of googling answers for hours and writing an essay on some subject, it does it for you. But it will not start questioning why its doing an essay for you. It won't refuse to do it or demand something selfish in return for its work.

1299  Bitcoin / Bitcoin Discussion / Re: Public Perspective towards Bitcoin on: May 02, 2023, 07:29:28 PM
For most old people, Bitcoin is and always will remain some new internet money thing that they do not understand and have absolutely no interest in learning more about. Thats because they are set in their ways and changing that is impossible.

The new and younger generations are the ones who will carry Bitcoin on their backs into the future. And banks are already crumbling, so that future is not all that far away, I would think.

But whenever something new comes out, people always criticize it without good argument. So no need to seriously worry about what the current public opinion is. The public opinion is trash.
1300  Economy / Gambling discussion / Re: Fish arcade on: May 02, 2023, 03:49:22 PM
This is the one where you would kill fishes and get coins back right? Your ammo is your tokens or something. I enjoy watching people who play those games because of the large amounts of tokens that they get with that. I think it would be awesome to create a game where you gamble your coins with that and offer you a chance to multiply it. I'm not sure if it would be profitable for the creator though.


Source: https://i.ytimg.com/vi/901CyS_XWAY/maxresdefault.jpg

That actually sounds very fun. Although it seems to be more of a skill-based game rather than a luck-based game to me. That might be slightly problematic since manipulating such games is extremely easy and you could earn a lot of money by cheating the system. All you would have to do is code a simple bot which acts on your behalf and does all the input and calculations required to win.

I doubt that it would get adopted, just because of that reason.

Although if you made it a pvp (player vs player) kind of game then I am sure it would be worth exploring. But again, the bot issue would remain, so using real money would be out of the question.
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