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1541  Bitcoin / Bitcoin Discussion / Re: What is the IMF Qualms With Regulating/ Banning Bitcoin? on: February 28, 2023, 01:16:44 PM
I think the IMF was not ready for Bitcoin and did not expect Bitcoin/other cryptocurrencies to become such a gigantic movement. They were not ready to implement anything which would go outside the current fiat regulatory framework and they are now playing for time while they figure out how to deeper regulate cryptocurrency. And the truth is they have no idea how to and are starting to become desperate.

I doubt that they will find a way to regulate Bitcoin effectively. Perhaps they have realized that and are now hoping on the introduction of CBDCs as some sort of alternative.
1542  Bitcoin / Bitcoin Discussion / Re: Does Bitcoin weaken the Wests ability to fight enemies of freedom? on: February 28, 2023, 01:08:41 PM
Sanctions should not be used as weapons, like the US is doing. Sanctions should have a preventative effect not a destructive, coercive one.

We know what weaponized sanctions do. Just like at what happened to Germany before WW2. In fact I would go as far as to say sanctions were the main cause of WW2. Had the Germans not been bled dry and left to their doom, then they may have not followed a maniac who wanted to exact revenge on those exact people and steal what he considered rightfully theirs.

And Bitcoin cannot be used to overcome sanctions that easily. In fact, Fiat is way more useful in money laundering and sanction evading because its not on a public ledger, unlike Bitcoin. Nobody knows where Fiat goes.
1543  Economy / Gambling / Re: ⚽🎮🎲 Coinplay.com | Brand New Crypto Sportsbook & Casino on: February 28, 2023, 01:01:03 PM
so it makes sense that casinos decide to advertise here as they hope to reach not only those that are part of the forum but all of those that may visit it once in a while.

I have different theories regarding the reason why casinos like to advertise on this forum.

Perhaps they think that anyone willing to invest into cryptocurrencies would be a person who is risky in nature and therefore would make a good gambling cash-cow? I think that might be correct, but only from a certain part of the community. A lot of us understand crypto is not gambling but rather it can be used for gambling. Those are two different things and they should be respected individually as such.

Or perhaps gambling was just one of the very first adopters of cryptocurrency and blockchain, and we as a community have therefore accepted it into our culture for this very reason?

It is really a bit hard to tell without extensive research.
The second reason you give makes way more sense to me, if you were to ask me which is the most profitable business we have in this market then I would say exchanges take the top spot with ease, but when it comes to the second kind of business which makes the most profits I will say casinos take that spot, casinos and cryptocurrencies make a winning combination, and even if we cannot enjoy as much privacy as we did on the early days I still think the overall experience is better than the experience you can get with fiat casinos.

Now that you say that, I would also have to agree with the second scenario in which casinos and cryptocurrencies have gone hand in hand since their inception. I am not sure if this reflects positively on the cryptocurrency community nor the gambling community but I guess one of the good things is that crypto has added value thanks to all the online crypto casinos.

It also seems to explain why the exchanges are using marketing tactics which are usually native to casinos.
1544  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 28, 2023, 09:31:03 AM
Think i'm gunna sell some corn at $30k if we ever get there again (*dramatic couch fainting*)

Gunna buy a tractor. Maybe some chickens. Maybe a Browning .50 Cal (not for the chickens)

Gotta convert some of this corn into meatspace currency... so I can grow meat... and eggs... real actual live corn mebbe...

Spring soon.

Getting excited. Barn is coming along nicely on schedule to be ready ~end of April.

Obviously the Browning .50 Cal is for the tractor, not for the chickens Roll Eyes. The chickens are however very threatening at times and I completely understand that you need to guard yourself against such imminent danger.

God bless.
1545  Economy / Gambling discussion / Re: [Boxing] Tank Davis vs. Ryan Garcia betting and discussion (May, 2023) on: February 27, 2023, 06:15:06 PM
Here we go boys, it's official now,



https://twitter.com/Gervontaa/status/1629214312949751808

And several media outlets are also reporting it, so its' going to be April 22. Everyone is right though, maybe the biggest stumbling block is the court case of Tank Davis, sentencing is May 5 so after this fight, then he has another one in court.

Nevertheless his legal team are going to handle that so there should be no distractions for him and Garcia as well to make this fight happen on April. For sure everyone now is very excited that finally, we have a date and just waiting for what venue it is in Las Vegas.

So the match is definitely happening then? Why can't they ever just say it straight without expressing the ego driven need to make it seem like its still not been decided upon. The cryptic messages on social media posts do become quite annoying after a while. The marketing team seems to be having fun with keeping everyone on edge and listening for anything that might be considered a final decision. But then again, I guess it is working. The fans were obviously jonesing for the details.

Lets see how this plays out.
1546  Economy / Gambling discussion / Re: Does this help you win when you're gambling? on: February 27, 2023, 10:31:45 AM
I also bet for fun because when I play to win I realize that greed beats me and I realize that I don't enjoy what I'm doing. Also, even if one day I become an inveterate gambler, I will never consider gambling a job. I don't think it's a job, I think it's a means of entertainment. That's why I bet just for fun and try to enjoy gambling to enjoy the moment. Of course, my thoughts on the subject don't make me a consistently winning gambler, but they do make me one who enjoys gambling.

I agree. Betting for fun is way less stressing than betting big. And it gives you the gambling dopamine rush without so much the gambling money loss aspect of the casino experience  Roll Eyes

The amount of money you should gamble is something that nobody else can decide for you. You should look at how much of your monthly income you can spare and not go beyond that number. For me, 10% from the "fun funds" of the income pie is just right.

For example: If you have 400 dollars for fun (drinking, partying, gambling etc.) then only 40 of those dollars should go to gambling.
1547  Economy / Gambling / Re: This is madness. Something super more than DeepSum on: February 26, 2023, 07:15:27 PM
Just look at this screenshot and you know what I mean.

It looks to me that you've made an application based on some assumptions and you show that your application does follow your assumptions (and can print nice numbers too).
The problem is that I really think that your assumptions are not correct.

As said, if you want to monetize this application you're doing it wrong.
1. If the application is that good, why don't you gamble yourself with it and earn money?
2. Why you don't find some reputed members willing to test your app with their own money and review it? (And to make it clear: no, I don't want your app).

Exactly what it looks like to me. And I am not even sure what exactly OP wants to do here. Does he expect someone to invest in him? Or does he perhaps use these posts for advertising this upcoming simulator?

Either way the math does not add up and his program is flawed, obviously.

He should post the code publicly if he wants to prove whatever he is trying to prove. Thats really the only way to prove to people he is on to something.

In either case, its complete nonsense.
1548  Economy / Gambling discussion / Re: [Boxing] Jake Paul vs Tommy Fury - February 26 in Saudi Arabia on: February 25, 2023, 06:02:25 PM
Jake Paul has made a bet with Tommy Fury that if Tommy Fury wins he gets double the paycheck but if he loses he gets nothing. They both shaked hands on the deal so I do not know if that is legally binding but there is video evidence of it happening but both fighters look confident going into this fight. Tommy Fury does not normally get as angry as he was in the build up to this fight so I am excited to see if he can use that anger in the ring against Jake Paul.

I am no lawyer nor do I have any kind of law degree or education but it would seem logical to me that even a verbal contract is a binding one. And the fact that they shook hands on that agreement and acknowledged AND that it will recorded on video is more than enough proof of a legally binding agreement. The bet must be honored. If the loser of the bet chickens out and tries to go back on his word, then those actions should have legal consequences for that man.

Not to mention the amount of honor and fans the loser will lose if he goes back on his word. People don't like liars like that who go back on their promises...

1549  Economy / Gambling discussion / Re: [Boxing] Figueroa vs Magsayo WBC Interim Featherweight Title (March 4) on: February 25, 2023, 05:47:55 PM
You guys are measuring the wrong way. Yes they might be both coming from a RECENT loss but lets look at both of their track records over years. Obviously Figueroa might have been on a bad luck streak just like Magsayo, but Magsayo's history is less flawed by a 1 fight (draw). So how does one even compare the two histories? Its hard to tell but Figueroa has been showing more weakness in the recent past, so my money is on Magsayo.

Just because he recently had some bad luck in his fight against Vargas and has finally gotten 1 loss does not make this an eventuality which will happen again. 24 wins 1 loss. Cmon.

But looking at the statistics, even though Figueroa has one draw, his knockout record is more impressive than Magsayo.  Besides, Figueroa is taller and has a reach advantage, if Figueroa mimic the strategy of Vargas, I believe Magsayo will have a huge problem in this fight.

I definitely agree! All boxers have their own failure in this industry and the good thing about them is that they aren't measured by the loss they had but with what they did after the loss they experienced. Both Figueroa and Magsayo came from an unfortunate situation, both boxers didn't want that for sure but they needed it because by that, they will be molded as a much better boxer. But since we are here speculating and putting some bets, my money also goes for Magsayo even if he will be listed as favorite, it will still be Magsayo.

When it comes to betting, I will also go with Magsayo not because I think he is a better boxer but because he is a fellow countryman, and I do that to show my support


That is if Figueroa can mimic the strategy of Vargas and give a hard time to Magsayo but we all know that Figueroa is more like an open book because he's been showing a lot of weaknesses lately than the latter. He might have a good KO ratio but when it comes to ring IQ, I will still side with Magsayo. While for my betting opinion and option, Magsayo is also a fellow countryman but I will bet on him not just because of that fact alone but because I do believe on his talent and that he will beat Figueroa.

Both have different styles and so I doubt that Brandon will mimic the style of Rey Vargas just to win. He has his own way or strategizing in this fight and fight Magsayo the way he knows it.

But for sure it will be his volume punching again, nothing will change a lot here, that's already what we call bread and butter, and that style has been working for him for many years except against Fulton who took all his best shots and received some as well.
Well, in every fight, a fighter could up their game depending on their drive which is more likely from their previous fights.But if we would base on stats, this could be a toe-to-tose or a close match even if they have different fighting styles. The heartbreaker is a heavy puncher and is more agressive but Magnifico has the speed over Figuerroa. This would be interesting for sure because they are fighting for a vacant belt. Both are eager for the spotlight given that their previous fights didn't turn out to be as what they have expected. Hard to guess to be honest but for this fight I guess edge is on The heartbreaker. Outcome probably is by unanimous decision.

It we look at the record though, and basing on their ko % it should be Figueroa that is considered a heavy puncher,

Figueroa - KOs    72%
https://boxrec.com/en/box-pro/718399

Magsayo - KOs    64%
https://boxrec.com/en/box-pro/653034

Speed in boxing is relative though, you can be fast, but if you are not going to hit a target then that speed is nothing. Or Magsayo could be fast in his last fight, but when he faces another fast boxer, then again, his advantages becomes 0.

That seems like a very tiny difference which also does not account for more complex probabilistic data inputs such as the opponents who they were fighting against. It seems possible to me that Figueroa might not have been getting tougher opponents who do not easily go down unlike the guys that Magsayo fought in his past matches.

That is only one example of why the KO percentage could deviate. If we were to fix for all the correct variables, perhaps even hidden and unknown variables, then we might see both of them having a very similiar KO percentage number.

Sure Figueroa could be considered a heavy puncher. But so is Magsayo.
1550  Bitcoin / Bitcoin Discussion / Re: 13 years ago Theymos sold 160btc at $0.003 per 1, lowest price ever recorded on: February 25, 2023, 04:57:06 AM
Poor Theymos. I bet he might be regreting that, knowing todays price. Grin

But then again almost all of us regrets not buying BTC sooner.

But its a good thing it happened, if was an important step for Bitcoin adoption and thanks to that ongoing adoption, Bitcoin is worth over 23 thousand dollars by today. Who would have guessed back then that this would become so revolutionary for the evolution of our monetary system.

Bitcoin is definitely one of the few things I love about our modern age. Still waiting on the technology of flying personal vehicles for everyone but we will get there.... Im sure.
1551  Economy / Gambling discussion / Re: Which one is easier to make bets on? on: February 24, 2023, 02:59:07 PM
From my own personal experience, I think MMA is easier to predict than Football, so a gambler is likely to win more bets when such a gambler just focus on MMA betting, but the important thing is that, such a gambler must know MMA stars in and out, he or she must watch all their matches and know their strengths, weaknesses, capabilities and tactics, this is the only way predicting and winning most of the MMA betting would be very much easy for the gambler.

Football prediction on the other hand isn't something that is certain or very easy, this is because football is full of uncertainties, a small team from no where can get up and by luck, beat the bigger team every one is expecting to win the match, last year's world cup where Saudi Arabia beat Argentina, is a good example of what i am talking about.

Of course I would agree on that. MMA certainly is much easier to predict accurately. Its only mathematics if you consider the more variables you have to work with, the more your prediction starts becoming vague and out of focus.

MMA has the upper hand for the gamblers. Not that I believe it is possible to predict anything with 100% accuracy. I am sure however, that you could get a close enough number for whichever gambling strategy.

But you can get a slight edge in, a few extra percent maybe even a two digit number... It really depends on luck anyway. So both are unpredictable with MMA being less so.

1552  Bitcoin / Bitcoin Discussion / Re: Does Bitcoin have life span? on: February 24, 2023, 09:49:59 AM
Everything has a life span and nothing is forever. Maybe Bitcoin will disappear in 100 years because the human race decided that a money system is no longer required because robots have taken over all the work and we do nothing but sit and enjoy the fruits of their labor?

There are countless scenarios in which everything ends. But a lot of them are unrealistic, if you would agree with me....

I think Bitcoin will definitely outlive us. Maybe our great great great grandchildren will witness the end of Bitcoin. Maybe an meteor destroys all life on earth in 1 year. Or maybe we all nuke ourselves out of existance.

Is there a point worrying about unlikely things? No.

So do not worry, Bitcoin is fine.
1553  Economy / Gambling discussion / Re: Germany League - Bundesliga Prediction Thread on: February 24, 2023, 06:47:20 AM

Actually, that is the reason why Bayern Munich could be the first team if Germany for years. Their strategy is to target the strongest competitors they have in Bundesliga and then they find the key players in that team to send offers for the players even if they don't need the player but as you said Bayern Munich is the only team in Germany they have enough financial resources to do that, now we see Dortmund is racing with then in the league nad they probably will start sending offers for their players soon.

At this point I think football has really just distilled down to idols and the amount of money that rich people are willing to spend to buy those idols for their team. Do not get me wrong, legends are legends and there are good reasons for that. No everyone can do what Ronaldo did in his continuing years of fame. But that does not justify having him on your team NOW. There are younger and cheaper upcoming legends.

Basically the man reason I avoid betting on "big names".

The probability of them being overshadowed by new, younger talent goes up every year. But the problem is that new talent is hard to market and therefore makes little money.
1554  Economy / Gambling / Re: ⚽🎮🎲 Coinplay.com | Brand New Crypto Sportsbook & Casino on: February 24, 2023, 05:51:50 AM
so it makes sense that casinos decide to advertise here as they hope to reach not only those that are part of the forum but all of those that may visit it once in a while.

I have different theories regarding the reason why casinos like to advertise on this forum.

Perhaps they think that anyone willing to invest into cryptocurrencies would be a person who is risky in nature and therefore would make a good gambling cash-cow? I think that might be correct, but only from a certain part of the community. A lot of us understand crypto is not gambling but rather it can be used for gambling. Those are two different things and they should be respected individually as such.

Or perhaps gambling was just one of the very first adopters of cryptocurrency and blockchain, and we as a community have therefore accepted it into our culture for this very reason?

It is really a bit hard to tell without extensive research.
1555  Bitcoin / Press / Re: [2023-02-22] Bitcoin Core Developer Marco Falke Steps Down From Maintainer Role on: February 24, 2023, 03:45:04 AM
Or another way to put it....
Another developer has filled out his CV as best as he can doing this and is now looking to move to a job that is going to pay him mid 6 figures for just showing up to work.
You reach a point in your life when you want the steady 9 to 5 with benefits and everything else. It's tough to keep moving along a path like this knowing that your benefactors ( Okcoin  and Paradigm ) can stop supporting you and there is nothing you can do about it.

-Dave

Wow that is a very realistic and depressive way to put it. But maybe the benefits outweigh the risks depending on the subjective perspective of said developer on how much money he needs to live a good life, even if they throw him out of the boat?

He would have to take a large gamble that he will be kept on for at least a good 5-10 years to get enough money together to live how he wants (but not considerably rich) until old age takes him?

After earning that much money, anything else becomes unnecessary unless you have dreams of becoming a centi-millionaire by age 70.

1556  Bitcoin / Bitcoin Discussion / Re: The FSB brings more regulations worldwide for this summer: More MICA on: February 24, 2023, 03:31:50 AM
also look out for the BIS
they are building bridges between countries CBDC and setting limits on banks holdings of cryptos

banks themselves wanted 5% or more of decentralised crypto holdings(bitcoin) but the BIS bit back by saying its 2025 proposal(currently draft) will only allow banks to hold 2% of its total collateral/reserves in decentralised cryptos like bitcoin. and another X%(yet to be agreed) for stable coin based cryptos

In the short term, this probably would have a bad effect on Bitcoin/Crypto prices. Of course we want more buyers and more holders. But in the long term, all this does is give Bitcoin/Cryptos a longer period in which we can buy at lower prices. The inevitability of this doing damage to the banks while rebounding profits for everyone else still exists.

And to be honest it seems most likely to me. We do not need banks to sell us crypto. We never have.

Nobody can stop the adoption now because it is already nearing a monetary revolution which is virtually impossible to reverse or stop. They might have had better luck 14 years ago. We have what, over 500 million estimated crypto holders? Thats more than a third of the population of China.

1557  Economy / Gambling discussion / Re: Online Casinos and Tech Devices on: February 23, 2023, 08:26:27 PM
I would love to see some new and interesting gambling technology. Slots are fun but now that we have AI, perhaps we can have AI gamble against/with you? How would that even look like? I know in Japan they put anime idol girls that converse with you while you play the game. I am sure that holds a few people in their seat, which is rather convenient and profitable for the gambling casino owner Cheesy.

Rather than tech devices, perhaps we can develop social software like that in our own western version? Imagine Lucy Liu having a conversation with you while you play slots? That would be fun. We know that AI can easily imitate the voices and faces.

 
1558  Economy / Gambling discussion / Re: 5 Ways to Make Big Money at the Casino — Without Gambling on: February 23, 2023, 10:44:49 AM
Well I would not call it big money but the following way to make money from a casino without gambling also exists: You could work for the casino.

Depending on your job you could potentially make big money although I would not call it "heist money". Unless you are the CEO or some very important figure, I very much doubt you would become a multimillionaire. Perhaps a millionaire if you worked there long enough.

Perhaps you could even sell third party services to a casino with your own company or even form your own casino. That would definitely bring in the big money without all the big legal problems.
1559  Economy / Trading Discussion / Re: If it was you on: February 22, 2023, 07:40:42 PM
Between future and spot trading which will you opt in for. For me i think it is better to start with spot trading gradually observe how the market respond over time before moving into future trading. Both are indeed volatile and risky but i think spot which involves immediate buying and holding until price goes up to sell at a profit is more easier to start than making prediction on a price to either go up or come down on a later date.

Spot can be a nice start for newbies from what i have seen from the market so far. Since it only entails buying and holding until the asset appreciates just that it will only require patience since little or no technical skill is needed although with technical skill the trader can have more advantage over the market.

future trading is a suckers bet. You will always lose because the market will always be manipulated into scaring you or liquidating you. There are a lot of laws against this kind of manipulation but secretly, every market does it. Stay away from derivatives, especially leveraged trading!

Spot trading really is the best and only option. Of course making profits is not as exciting but then again if you wanted high profits in a short amount of time you might as well go gamble. You would definitely have better luck at the blackjack table than you would with futures trading.

But to each their own. I am just giving advice as a veteran with over a decade of experience. Take my advice as you will.
1560  Economy / Gambling discussion / Re: [Boxing] Tank Davis vs. Ryan Garcia betting and discussion (May, 2023) on: February 22, 2023, 11:58:57 AM

While each fighter may have their own training style, they need to ensure that it will benefit them in the upcoming fight. Rest is important, but it's also crucial for a fighter to be ready for the fight. Overtraining can cause problems and make a fighter struggle during the actual fight. It's important to remember that this is a big fight, and neither fighter cannot be too complacent. They will both do everything they can to perform their best on the day of the fight.

I'm sure they know how to train, don't you think they've always trained well, and before this fight they suddenly start training even harder and thereby hurt themselves? ) Each of them has gone a long way and they know how and what to do in order to be in optimal shape, especially since they have trainers who follow this. What they need to be ready for in this fight is that it is possible for a full 12 rounds fight, which means they will need good stamina.

I would not necessarily have to agree with you. Of course they know the right way to train and I am sure that they also know better and perhaps riskier ways to train. There have been more than enough cases of professionals training to the extreme because of an upcoming match. And sometimes they overdo it. Not because they want to overextert themselves but rather because they train until they are in a tunnel vision. Sometimes dedication to training becomes a unnoticeable thing. Even for professional boxers.

They are only human, after all. Fiery passion can lead to overexertion.
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