The amount of unknowable variables interferes with the prediction algorithmic formulae of cryptocurrencies just as much as it does with stocks. That's why it will never be possible to predict price moves at 100% accuracy. And that is exactly why there will always be an element of gambling in cryptocurrencies. The big difference between gambling and crypto/stocks is that you decide how much risk you are ok with and where you can lower the risk by doing deeper market research. In gambling you get what you get. And with a fixed probability of winning each time.

But if you think about it, life is all risk. You just choose between the risky and less risky options. There is never an option with no risk whatsoever.

Weeeelll, I would love to be able to say that I would choose the smart path, which is to keep my winnings and know when to stop. But reality can be a bit disappointing. Meaning I could very well see myself losing everything just because I "felt" like I was in the moment of a lucky streak or something. I am only human too and casinos are designed to be psychologically stimulating for risk takers like most gamblers.

That being said, I still think that it would be a better choice to take the money and go home. Maybe invest it into something useful like 50 different, promising start ups.

Man, am I glad this is over and true justice is served. Although in the case of Craig Wrong, it would be true justice if he was sent to a mental health facility which cures him of his seemingly psychopathic mental state. Or at least keeps him away from the public where he can do no more harm.

Egotistical, petty, delusional and power hungry. These types of people are always trying to screw other people over to make themselves richer/more powerful/etc. Although who knows, this might all be a giant ploy to get Satoshi to reveal himself. Not that I am much of a conspiracy theorist but I do enjoy the occasional conspiracy.

Anyway, great news for the Hodlnaut. Hopefully we will see some more good news in the coming days about Bitcoin adoption, after all this free BTC PR thanks to faketoshi.


Hire some pirates to start sinking yachts in international waters/or docked in third-world South American countries and we will see most of this trash disappear in a few years.

Well he also is not very good at winning lawsuits:

HODLONAUT DEFEATS CRAIG WRIGHT IN NORWEGIAN COURT CASE

Hodlonaut is acquitted of all claims for compensation and is not liable for damages related to the comments the pseudonymous account made on Twitter. Additionally, Wright has been ordered to compensate Hodlonaut to the tune of $348,257.
source: https://bitcoinmagazine.com/legal/hodlonaut-wins-defamation-case-against-craig-wright

Well, OP. To answer your two questions:

1. I do not believe in luck, I believe in probability. The probability of winning the lottery jackpot is almost impossibly high, yet if you were to compare that to dice, then obviously you would think dice to be the better game as it has a higher probability of you winning. But again, thats not luck. Its just picking a game with a high probability for winning over a game with a low probability. Winning hundreds of millions with a 10 buck bet is just as almost impossible as winning the lottery though.

2. The best game I have won the most money from would probably be blackjack. But then again I did put in a high bet compared to other gambling games. So that might be coincidence...

I don't know. Have a depressive feeling for the rest of the day and depending on the amount of coins I lost, maybe have a bad week?

What kind of question is that? What is my "favorite thing" to do after losing? Lol what.

I think you might have meant what do you do after you lose to keep your mind off the fact that you lost money. Because thats the one thing everyone does after losing. Find something to take their minds off their losses. Basically what is your favorite coping mechanism should be the title of this thread.

In which case,  my coping mechanism is ingesting large amounts of copium and watching movies or something.

While there are non-KYC online gambling casinos which have provably fair decentralized protocols handling the chain. So this way there is no third party present and gambling regulations take a dive into a grey area. But nobody can guarantee that you will not lose your money due to a hack or something.

That being said, the KYC not only protects the online casino but also you, in the case that something goes wrong or your money goes missing. You can prove that money belonged to you and the centralized casino will be responsible, legally, for paying you back.

But reality is often different. So you need to understand that both options have risks and choose the best option for you.

No. You really do not need a centralized exchange to trade, buy, sell or transfer your coins. This is an absolute bullshit comment. There are much better ways to buy Bitcoin or other coins and trade said coins for other coins. We absolutely do not need centralized exchanges just like we do not need banks.

They are the lazy man's (or woman's) tool. Its easy to use a centralized exchange to buy Bitcoin from your centralized bank account. Thats why people do it. Its easier.

You could just as well use a decentralized p2p platform like Bisq. Or you could even buy with plain old cash. In some countries you do not even need to worry about giving anyone your identification when buying Bitcoin unless its an absurd amount.

So why would anyone "need" a centralized exchange?

Binance is no saint. They are definitely doing this for the money.

I do not trust centralized entities like crypto exchanges. Their existence is completely redundant and they go against the very principles of decentralization. crypto exchanges are the enemies of decentralization. Storing Bitcoin on an exchange wallet is not safe. The end product resembles a government regulated lock-up of our money. It's dangerous because it means your coins are no longer in your control. If you live in a country with an oppressive government; they will simply confiscate your coins for whichever reason they like. And crypto exchanges in those countries will not hesitate to give them access to your coins while freezing you out of your account.

Hello OP, good to see you are interested in Bitcoin from an academic perspective. However this entire thread feels like you are trying to crowd-source your homework solutions from us and there is no point in doing that. Either you want to learn about Bitcoin or you just want to pass an exam. Furthermore, many of the questions have absolutely nothing to do with Bitcoin. So posting this thread in "Bitcoin Discussion" might be pushing it.


How about you try your best to solve the questions and we, as the community, will do our best to correct your work? Sounds better than just us giving you the answers.

I think you are describing the martingale strategy. I would not recommend doing this with large sums of money as you will definitely find the strategy to be extremely disappointing. It sounds good on paper but the real world does not like to see probability go our way. Especially with a house edge. In the end you lose everything the same way as newbies do. By doubling down on a bad streak. Or even a good streak.

Did you use this "strategy" yourself before coming here to tell everyone to try it?

Maybe don't give tips on things like this. If someone loses money because of you, you might get in trouble.

There is no such thing as a 100% safe centralized platform which offers to hold your money for you. As least that is my perspective on it all. Although I must admit that until we have a decentralized gambling casino, I will be unfortunately forced to participate in the whole "let us hold your money for you" business.

Apart from that, any casino with a good reputation here on this forum is relatively safe. (stay away from the new ones and the ones with negative trust/red trust and scam accusations).

Our tight-knit community will manage to spot scammers within mere hours. Maybe even faster. Just keep your eyes open in the scam accusations and gambling subforums here on Bitcointalk.

Sounds a bit too censor-y.
If only there were a minimum merit requirement for posting. Like if you had to have at least 1 merit from somewhere else on the board to post here. Wouldn't having tiered subforums be a good thing for Bitcointalk? You know, you first start off in beginners and work your way up by earning merits. This allows you to post in higher tier subforums. We would contain all the trash in the first tiers.

The problem is not with Bitcoin using energy. Your oven uses energy, your lights use energy, your phone uses energy. The problem is that people are pointing fingers at Bitcoin even though the problem is how our energy is generated. People do not want to talk about that. Pointing fingers is easier.

I would advise everyone to take "comparison" or "review" sites with a grain of salt.

As some of you know, these review sites function, just like any other business, on a business plan. A plan on how to make profits and create partnerships. These partnerships could include selling positive reviews for a certain amount of money. In such cases, there can be nothing said about the actual review/comparison of the site as the site itself is only an illusion of a review site.

I am not sure about OP's website but the best thing to do is to review comments and ratings from many authentic people. Like well trusted and old members of the bitcointalk gambling sub-forum. They will be more than happy to offer you advice on which sites are better than others. In fact we even made a list of crypto sites and their comparisons (see upper posts). So trusting review sites for crypto gambling is unnecessary.

So topics like these are unnecessary and very sketchy. I would avoid anyone claiming to offer such services, especially if they have a bad /no reputation on this forum yet.

With BNB you do not even need to worry about exchanges. But you should still worry about centralization. If you have BNB you can trade it on the BSC network for other tokens. There is a ETH wrapped one, a BTC wrapped one or others. So if you go on a non-KYC exchange like Kucoin or Poloniex, you do not have to do the whole long and unneccessary identity confirmation after which they save your data for who knows how long. And if a "hacker" or a hacker decides to leak it to the world, you are screwed forever.

But with the BSC you are the only one (for now) who has access to your money. No need to store on exchanges as you have a multitude of Defi apps to use for trading anyway.

I say "for now" because I do not believe BNB is technically decentralized enough to be called decentralized. I would rather say it is centralized in a more secure way.

Tipping culture is fine and just as the way it should be. By which I mean not peer-pressured or otherwise pressured upon you. I have no idea why the US demands tips and looks down upon those that do not tip, but says absolutely nothing about how low the hourly wages are. Are restaurant owners in America so broke that they have to coerce the employee's paychecks out of their customers? But then again this is US "culture". I have never witnessed such coercion in Europe. In many Asian countries like Japan, tipping is considered insulting to the waiter/cook/owner.

I have no idea why there has been a tremendous influx of pompous, loud-mouthed newbies, but can I assume that Bitcointalk's new-registration activity itself is a good metric for how Bitcoin adoption is doing?

Oh definitely Ronaldos odds reflect his last reputation "level ups" but then again I would be a bit tempted to choose Messi. Knowing how inflated the odds against him are. Should we be picking Ronaldo due to his good-reputation streak?


That site does not work. When you click on it nothing loads and you see the words "server error". Seems like Onehash is not a very professional betting platform if they have server problems. Or maybe I caught them at a wrong time. Anyway, even if they go online now, I would still avoid them.

What sites did you other guys use for making a bet on the Ballon d'Or? If possible, one with a good reputation?

Competition is at the very core of natural evolution of life itself. The bigger, stronger and smarter living beings get to stay alive while the others go extinct. Its a self improving system which produces only the best of the best. And the fact that businesses have competition is important too. As you mentioned, without competition there would only be monopoly and lazy quality. If at all.

People, especially businessmen (and women) need their motivation to stem from something which is a bit of a "thorn in their sides". We need that extra push whenever we start slowing down. And in the case of businesses, the comes from not letting your business die because someone is doing a better job.