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1161  Alternate cryptocurrencies / Altcoin Discussion / Re: Wine company using blockchain to eliminate fraud and secure authenticity. on: July 08, 2020, 10:53:47 PM
This idea of blockchain-secured logistics is rather stupid in my honest opinion.

There's no way to check for the falsification of data so long as it's not grammatically generated in a cryptographically verified way. Sensors, GPS coordinates etc. can all be tampered with.
The whole logistics management aspect that combines blockchain infrastructure into the picture is still very much trust based and doesn't have any of the advantages a blockchain could have for lets say financial transactions.
1162  Economy / Gambling discussion / Re: One game vs a variety: which gives higher potential to a casino? on: July 08, 2020, 10:46:10 PM
A casino is usually related to a website with many games traditional gambling games. Roulette, baccarat, craps etc.
Some slots maybe too and potentially blackjack.

In terms of multiplier games, I think it's always better for a casino to specialize in them. That's especially true with poker. Even with bitcoin sites, we see this being true. Seals with Clubs for example is known especially for their poker tournaments and the overall community around poker.

Other than that, adding more games to a casino is going to make the initial investment required greater. I think the games that tie best with BTC and crypto for a casino are dice, maybe crash-style games and some custom ones. So in my honest opinion, best bet for someone starting a new crypto gambling website would be to invest in some known provably fair games like dice and build on them for a nice interface, cool features and neat community. It's how just dice and prime dice became big for example.

In my humble opinion, these simple provably fair games are much better than the flashy and expensive licensed casino games produced by third parties.
1163  Economy / Reputation / Re: Bitcasino.io 171btc winner discussion on: July 08, 2020, 08:59:23 PM
anyone wondering how the cheat worked, it wasnt hacking at all.
it was the koi princess slot by netent i cheated at, NOT dawn of olympus. like i said before, that 171 btc win WAS REAL.
but i was playing with money won on koi princess.
there was a cheat where if you activate bonus bet, and spin until you get the 5-hit fish bonus, and immediately restart the game before stopping the symbol selector whee, your session will continue as if you had the bonus bet on (extra bonus chance) but not have to pay double for spins anymore that entire session.
even bitcasino account are welcome to confirm, did i not, have a big win on koi princess prior to my olympus REAL win?
So now you're admitting to cheating, which confirms Bitcasino's claim, but only partly, because the big win was allegedly legitimate.

This keeps getting weirder and there's even more questions to ask after this post...
Most importantly, what about the settlement? Whose part of the story is true? Because it can't be that both sides are true.
Bitcasino claims there's no settlement while you have nothing more to say on the matter?
there was no settlement. i woke up and wrote some nonsense earlier, i havent taken my pills.
But yes, i repeat on my mothers life, that dawn of olympus 171 btc from a 30 mbtc bet was 100000% legit and real.
so i *WISH* i had not previously cheated at koi princess with the discussed method above.
that is all.
Oh boy...
The entire forum was ready to eat up your claims and some hours later, here you are incriminating yourself; quite literally admitting that you're a liar and a cheat.
You're now just saying that you're not as much of a cheat as they accuse you of being. Well, sadly for you, unless the casino willingly open up their logs, there's no way to prove if your big bet was legitimate or not.
But given that vulnerabilities you exploited might have not been imminently obvious to them in the first place too, it might be that even this can not be trusted as well.

I now understand why you said anything about a settlement.
It would have been part of a wild dream to willingly submit your funds to a casino and expect the house maker to pay out.
Especially to expect them to pay out after they discovered you cheated!

You know what, even if your big bet was legit, its murky water to come to a judgment if the casino should pay out anything if they had been cheated prior. They're in possession of your initial funds and some might argue that it would be fairer for them to keep them too. And if you had made exploitative withdrawals from them before, the only logical defense they have now would be to keep any funds you had left there.
1164  Economy / Reputation / Re: Bitcasino.io 171btc winner discussion on: July 08, 2020, 08:38:39 PM
anyone wondering how the cheat worked, it wasnt hacking at all.
it was the koi princess slot by netent i cheated at, NOT dawn of olympus. like i said before, that 171 btc win WAS REAL.
but i was playing with money won on koi princess.
there was a cheat where if you activate bonus bet, and spin until you get the 5-hit fish bonus, and immediately restart the game before stopping the symbol selector whee, your session will continue as if you had the bonus bet on (extra bonus chance) but not have to pay double for spins anymore that entire session.
even bitcasino account are welcome to confirm, did i not, have a big win on koi princess prior to my olympus REAL win?
So now you're admitting to cheating, which confirms Bitcasino's claim, but only partly, because the big win was allegedly legitimate.

This keeps getting weirder and there's even more questions to ask after this post...
Most importantly, what about the settlement? Whose part of the story is true? Because it can't be that both sides are true.
Bitcasino claims there's no settlement while you have nothing more to say on the matter?
1165  Other / Meta / Re: Suggestion: allow on-forum altcoin giveaways for established altcoins on: July 08, 2020, 03:12:22 PM
I don't like this idea to be perfectly honest.
I'd much rather see giveaways take place in third party platforms in order to avoid overloading the forum with simple and mindless address posts.

A third party website could verify bitcointalk account level by scraping an alphanumerical code the user was requested to put in his profile once.
The giveaway itself IMO would surely be worth a thread in bitcointalk, but NOT for promotion or to be facilitated in the forum. Just to have actual discussion on issues, assistance etc.
Address posting is just needless bumps and unfair to bounty managers that have build platforms and tracking methods keeping the forum spam-free.

If 'established' altcoins wanted to promote a giveaway, I maybe the forum should make a concession and allow them to buy ads. Hell, if it's just giveaways, why not allow every coin to buy an ad? The mere fact that it costs something to buy it will probably deter the worst ones.
1166  Other / Beginners & Help / Re: Bitcoin for a few...! on: July 08, 2020, 04:39:18 AM
Bitcoin is a nuance.

Having heard of it is one thing. But in order to acquire any amount of it, one has to be in a financially secure place, have the time and also knowledge to acquire any.
Nobody is going to grab anybody's hand and securely drive them towards buying bitcoin. It's much the same with stocks for example.
Although stocks are considered a foundational element of the economy. Stocks have a long history of developing as financial instruments and their through their exchanges there have been created indexes like the DOW and the S&P500 which are considered to reflect the market's best and always go up on average as the market grows.
With all these perks, still it's the 1% that own more than half of stocks in wealthy countries like the USA. Perhaps its even worse in other places.

Now also consider that BTC is much more risky if you take into account price fluctuations with FIAT pairs. Not everyone can afford the risk. And those that can, probably choose to put their money in more stable investments.

BTC ownership is also following similar standards to stocks in terms of distribution. 1% of addresses own around 95% of BTC in circulation.
This of course doesn't imply wealth distribution is as much skewed, because exchanges also act as custodians for many people. But it sure goes to show, that even among those that use bitcoin, many aren't doing it politically and aren't storing funds in their own means.

Bitcoin is making many improvements in its infrastructure. People are learning about it day by day. The best we can do hoping BTC ownership is going to grow, is to inform as many people as possible about how skewed the mainstream system of finance is against the people. It's hard to grasp and appreciate the virtues of bitcoin. But with the right efforts, when the next systemic crisis hits, people will know where to turn once the system around FIAT money fails them.
1167  Economy / Gambling discussion / Re: Can we still enjoy the anonymity in gambling in the long run? on: July 08, 2020, 04:15:02 AM
The larger a platform becomes, the harder it is to keep it running without KYC and compliance. Its owners might be hunted by the authorities in their home country if their name is revealed. Seals with Clubs faced this issue if I remember correctly.

If the owners are commited to growing their website, they might have to alter their lifestyle dramatically. In other words, lay low and potentially even move to a different country that has more permissive policies on gambling. I think anonymous gambling will never be banned worldwide all thanks to BTC now. Even if war is waged on it by online service providers, there are ways to keep it afloat still.

So far hosting platforms, registrars and cloudflare are all pretty chill about it, in spite of the act of running an unregulated gambling website isn't exactly considered legal. If a country bans it, others are going to provide licenses for profit. I think so far there has been little drive to eradicate anonymous gambling.
1168  Economy / Gambling discussion / Re: Luckyfish accepting kids on: July 08, 2020, 04:10:08 AM
Can someone advise me where to report this casino?
I'm normally anti-censorship but given such a specific question. I bet it'll be hard to shut down such a website but on any occasion that one might feel like illegal content is hosted in a platform. They can try the following:
Contact the host.
Contact the domain registrar.

In this site's case, the host isn't obvious but they are using Cloudflare for protection. The website's registrar appears to be GoDaddy.
If you feel like the law is being broken, then these providers might take responsibility and listen to your pleas OP.

Other than that, you have to consider that casinos seeking payment in crypto cater to a specific crowd and are using this payment method specifically to avoid regulation and be harder to shut down.
I don't think there will be any success in forcing them to accept KYC and/or limit registrations/deposits in anyway. Good luck though.
1169  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Why is Cardano so ignored on Bitcointalk? 2020 will be the year for Cardano! on: July 08, 2020, 03:53:21 AM


Whether or not it's the year of Cardano this year will depend on how many of their promises they delivered. Actual usage would surely be a feat. But that doesn't guarantee a price rise for sure.
Absolutely because looking at the chart

https://coinmarketcap.com/currencies/cardano/

Seems like cardano(ADA) has no good movement this whole year aside from small jump each time,comparing to those top currency that at least makes 10% growth to up at a point.



But Let us not lose hope because Market is volatile and price will change in short period of time so if the Dev of cardano will do their Homework?then the possibility are there.
Cardano experienced a lot of growth in the last couple of days alone. It went to a one year high and volumes are very much above what they usually are for the coin right now. But still volumes are not in part with other coins above Cardano right now.

All signs point to the fact that what Cardano is going through right now is a speculative bubble. There are also other coins which seem to be going up by a lot and big part of the speculation seems to be on DeFi projects. Notably also 0x, chainlink and several others are having a rally. It's very odd that these coins are being pumped like that. Even DOGE coin goes up like crazy and nobody can explain why. It just goes to show that it's all speculation and perhaps some manipulation in play too.
1170  Alternate cryptocurrencies / Altcoin Discussion / Re: Is the market saturated with too many stablecoins? on: July 08, 2020, 03:30:34 AM
I don't think anyone in crypto would need to be worried about that.
Already the biggest volumes are with direct pairs with USD. Any deviation from actual FIAT is in my opinion a good move. Pegged currencies of course aren't a great improvement but at least they are not a direct endorsement of the bank system. Some of them are even more centralized and trust based too! But that's why it's good to have currency competition.
The more stable-coins there are, the more competition there will be for better products, and the more pressure on banks to be more accepting of crypto or lose deposits to their competitors.
1171  Alternate cryptocurrencies / Speculation (Altcoins) / Re: BOOM - First Self-Burning Cryptocurrency Based on Smart Contract on: July 08, 2020, 03:15:44 AM
Doesn't seem like that of a great idea to be honest. It has been tested before with a coin that had its own blockchain. Checkout slimcoin.
The concept is surely interesting but ultimately having a token that thrives on the destruction of currency isn't that great of an idea if you ever intend your coin to receive actual usage and become a medium of exchange.

A coin that burns itself is not retaining the basic features of money. As outlined below:

Smart contract or not, a self-burning cryptocurrency would be worse off than alternatives, and that's because of burning. IMO its more of an anti-feature other than a feature.
1172  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Why is Cardano so ignored on Bitcointalk? 2020 will be the year for Cardano! on: July 07, 2020, 07:29:25 AM
Cardano like many other younger coins have their shortcomings market-wise.
First of all they came at a time where it was a one way road to be part of the bubble. So the all time high price point for young altcoins is very disproportionate to their history.
Cardano in specific is right now number 8 by market capitalization among cryptos, but has the lowest volumes among the top 8. Certainly not a great sign. Makes you wonder how much of the price is artificial.
By the ATH also being so much further from current prices, there's a lot of selling pressure. So any price rise is probably very fragile.

Whether or not it's the year of Cardano this year will depend on how many of their promises they delivered. Actual usage would surely be a feat. But that doesn't guarantee a price rise for sure.
1173  Alternate cryptocurrencies / Altcoin Discussion / Re: No exchange? No Value! on: July 07, 2020, 07:24:26 AM
Value is subjective. Cryptocurrencies have some value as a monetary instrument because of their properties. An exchange existing only makes it easier to see what the market has to say about a currency's exchange value.

If the coin you have has any prospects for a revival, then members of the community might be interested to trade coins with you regardless of an exchange existing or not. It'll be harder and could be trust based or rely on a middleman, but still can be done. Demand to trade coins exists outside of exchanges too.
1174  Other / Off-topic / Re: WATCH OUT - TikTok app is a SPYWARE!!! on: July 07, 2020, 07:21:27 AM
As much as I'd always advise anyone against installing any software created by a Chinese corporation, the news about TikTok come primarily from a Reddit comment. India must have surely banned it for political reasons and that's not proof that it's spyware.

Surely don't install TikTok and advise your friends against using it too. By all means, The Chinese communist party does probably have control over it as they do over any company's decisions. But it's not exactly been proven that the app is spyware. That would need some more extensive studying.
1175  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Extraordinary performance of ether price on: July 07, 2020, 07:17:54 AM
I wouldn't call Ethereum's performance extraordinary. You could pick any timeframe you wanter to present some part of its charts as great performance, but comparison to real financial instruments doesn't stand up here. ETH has huge risk compared to S&P 500 and a year ago it was peaking above 300 USD. It's unstable and there's no notable uptrend as of lately. It still has high correlation with BTC and most crypto too. Nothing extraordinary price-wise. Maybe if you'd want to connect the price to real world events and speculate on that, sure, you could do that. But really crypto also doesn't have much of a connection to real world events.

Yeah I would agree extraordinary is always relative to timeframe. If you want to compare to $6 ETH then yes, amazing. Compare to $90 ETH earlier is also wonderful but most people will compare ETH to ATH which is $1400. Now it is only above 15% of that ATH,,, not very extraordinary compared to Bitcoin at 45%.
Relative to time frame for sure. But relative to other crypto, ETH is also not extraordinary. It went through a huge bubble which made its price rise disproportionately to its shorter history in crypto and then it fell down. Alas, not as down as it had started, but still var from its ATH. And as OP likes to compare it to stocks, most top stocks throughout the years have had an average rise in the last few decades. Crypto can't be on that level yet.  As you also note, further from its ATH proportionally than BTC has been too!
1176  Economy / Economics / Re: Many countries have currencies pegged to the US dollar. When tether collapses... on: July 07, 2020, 06:09:07 AM
Pegged currencies are still based on trust. For a nation state with a bad record and no trust from international markets, a pegged currency is more useful than outright FIAT. Even if the peg breaks, they still have some reserves to at least partly pay back debts etc.

Tether is the worst of both worlds. It's centralized, not backed by anything. No even an institution, government or trust based system backing it. It's just a few exchanges and some people at the center. Tether also won't allow US citizens to us tUSD.

It really could  collapse any minute now. But this would take require support to it being lifted also. Not sure when that's going to happen. There surely is a place for stablecoins in crypto. But so far less centralized and more trustless stable-coins are not nearly as liquid. Although they're rising fast. I'm not sure if tUSD collapsing would have a positive impact on BTC's price, but surely it'd be a boost of morale for real crypto.

Agreed. Tether could in theory destroy the entire crypto currency market. I mean, literally burn it all down..
I have yet to see a single shred of proof that they hold as much USD as they claim, and they can't even get an auditor to verify their books.

If Tether collapsed, it would wreak havoc on the BTC price. The prices would jump by thousands of percent as people try to liquidate their worthless "dollars" into BTC. Simply because there's no way to buy USD with tUSD. Arbitrage bots would stop working as networks get clogged up and people panic..

That panic in turn will inevitably crush the price of BTC.. It would be like March 2020 on steroids Smiley
Welp, you should have been careful what we wished for. It's being reported right now that China is blocking bank cards of citizens that used their bank money to buy Tether.
tUSD is being treated as a money laundering tool in China effectively right now, and this could signal a further crack down by officials on any exchange and individual that promotes use of tUSD. This could mean Tether losing one of its biggest markets. Which could in turn lead to tUSD's collapse.

1177  Other / Politics & Society / Re: How long can the gov keep up the economic lie: downplaying the pandemic? on: July 06, 2020, 03:06:10 AM
In the U.S. Trump and his administration made some serious mistakes with the pandemic. They downplayed it before it had even started affecting the country. And now some republicans argue that loss of revenue will cause more deaths than the pandemic itself... Well, last I checked US was a very wealthy country. If govt was more willing to allocate resources were needed people wouldn't need to die.

Currently I don't think anyone is lying about how serious the economic impact could be. The unemployment numbers are huge, many corporations already sought federal relief, and more are going to need it most likely too. EURUSD is volatile too but it seems like USD probably won't be establishing any dominance. In the long term the deaths and economic impact the US will face are probably greater.

Trump's administration focused on letting corporations survive in the short term. And likely won't let any notable corporations go bankrupt too. But federal aid to this extent is bound to devalue the currency and in turn make the buying power of every day people lower. In short, I don't see any imminent collapse of the world economy. Just a deeper crisis in the US and more corporatism in the federal budget instead of direct aid to address unemployment thanks to Trump. We'll see how well trickle down economics worked after an end of the year assessment comes around.

1178  Bitcoin / Development & Technical Discussion / Re: How to fined SigWit Publick key ??? on: July 06, 2020, 02:56:39 AM
If you have a bitcoin wallet installed, you could in theory use it to derive bitcoin addresses of any type from your keys.
In bitcoin core you can do it with the command deriveaddresses. Look up the docs for more details: https://bitcoincore.org/en/doc/0.18.0/rpc/util/deriveaddresses/

There are online tools also. For example: https://peersm.com/wallet

But please, always prefer a local solution. Online sites are trust-based and not to be trusted over your own machines integrity.
1179  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Extraordinary performance of ether price on: July 06, 2020, 02:52:01 AM
I wouldn't call Ethereum's performance extraordinary. You could pick any timeframe you wanter to present some part of its charts as great performance, but comparison to real financial instruments doesn't stand up here. ETH has huge risk compared to S&P 500 and a year ago it was peaking above 300 USD. It's unstable and there's no notable uptrend as of lately. It still has high correlation with BTC and most crypto too. Nothing extraordinary price-wise. Maybe if you'd want to connect the price to real world events and speculate on that, sure, you could do that. But really crypto also doesn't have much of a connection to real world events.
1180  Economy / Scam Accusations / Re: Beware of the fake Elon Musk bitcoin giveaway on: July 06, 2020, 02:42:04 AM
Twitter and medium have very fast reflexes when it comes to people's feelings. They ban or quarantine users over racism and harassment in an instant. Even after a single report.

But somehow accounts getting thousands of botted likes for obvious ploys to part users from their funds can remain up enough time for the scam to actually get enough attention and be spread to a wide audience. You have to wonder, with something so obvious, why aren't twitter doing more to address such incidents?
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