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1381  Economy / Gambling discussion / Re: Betting strategy question on: May 11, 2023, 08:14:52 PM
For example, if you happen to experience two rare independent events at the same time, your brain will think they are correlated somehow even though it was just a coincidence. This explains some of the "bad luck" tales like a black cat crossing or superstitions in general. The brain thinks "Something happened at the same time that something bad happened, so they must be correlated", but it's just a coincidence.

Good point. But as for believing in superstitions, I think, to a large degree, it's a choice rather than anything else. It's a comfortable feeling to believe that certain behaviour or items can give you an edge in life by bringing good luck. Or it's convenient to shift the blame/responsibility to bad luck, i.e. why blame yourself and your crappy driving for crashing the car when you could blame some black cat or Friday 13th?
1382  Economy / Gambling / Re: ▄■▀■▄ 🌟BITVEST.io🌟 💰WIN BY 🔶PLAY 📈INVEST➡🔺🎲🎰🔲 | BET CONTEST ▄■▀■▄ on: May 11, 2023, 08:04:59 PM
The idea of having hot wallets is to not keep significant amounts in there, which means they could get drained when there's a big excess of withdrawals over deposits (e.g. when someone wins big and withdraws).
So I wouldn't judge the site on the fact that hot wallets get empty from time to time, but you could judge them on how fast they respond to the situation.
Have you contacted customer service? Any luck?

If they have people can handle to look at the balance left on their hot wallet they will not get this repetitive complaints coming from different people since its really annoying to experience this especially if you really want to withdraw your funds because you need to withdraw immediately. This issue creates trouble especially on their reputation and it seems they still didn't fix that so for sure this can affect their trust score on the community then they could lose more costumer if this issue will not be solve by their management.

I agree that constant issues with hot wallets being empty is not a good sign and indicates that maybe Bitvest should revise their approach and maybe increase the level of hot wallet balances.
All I was saying is that occasional issues with empty hot wallets are somewhat normal and are inevitable for that type of business. Let's remember there are probably only 1-2 people with wallet access and they can't be around 24/7 to replenish them immediately.
So it all boils down to how often such issues occur really.
1383  Bitcoin / Legal / Re: Gary, tell us what is Ethereum? on: May 11, 2023, 07:54:13 PM
I thought that the SEC would not respond to the petition without the decision of the Court. I do not want to rush things, but I do not understand how the SEC will clarify its position in 10 days?

No idea how this is going to unfold, but I think there's a zero chance the SEC will provide any clear rules. I expect they'll either provide a vague response, or just won't respond at all. What's the worst that could happened to them if they don't? They get fined and pay with tax payers' money?
Anyhow, they have time till 13th May, so only 2 days from now.
Apparently, some crypto-groups are piling in in support of Coinbase:
https://www.coindesk.com/policy/2023/05/11/coinbases-sec-complaint-draws-allies-depicting-us-regulator-as-crypto-bully/

and here's the Coinbase's petition:
https://www.sec.gov/rules/petitions/2022/petn4-789.pdf
1384  Other / Politics & Society / Re: Being Russia and Russian now on: May 11, 2023, 07:34:32 PM
...About a million more were killed and maimed in the fields of Ukraine.

No one will take you seriously with statements like this one. That would mean their entire army would be long gone (for every killed soldier there are around 3-4 wounded).

But as they say, during the war the truth dies first. It's really hard to get any reliable estimates of casualties on both sides, and even the leaked Pentagon docs (or at least media reports on them) are very inconsistent, but are citing somewhere around 30-40k of Russians killed in action.
1385  Economy / Gambling discussion / Re: Betting strategy question on: May 09, 2023, 10:00:52 PM
Basically if you want to not lose money gambling you need to either never gamble, or stop gambling once you have won more than what you have gambled so far.

Unfortunately, our brains are wired in a way that if you've took some action and got desired result (positive feedback loop), you'll feel the urge to do it again. So if someone had the discipline to stop betting in the right time and walked away with profit - they're likely to return and try to repeat that success.
Gambling perfectly exploits psychological flaws.
1386  Economy / Speculation / Re: Crypto traders beaten by girls on: May 09, 2023, 09:40:29 PM
these surveys are often very misleading, there are 1500 people who participated in the survey, it is a very small number and it was not a survey carried out in all of Singapore, according to google Singapore has a population of 5.454 million, but only 1500 people participated in the survey, ...

One could argue if the sample is representative (I think it is for the purpose of comparison of men Vs women performance), but in terms of sample size - it's definitely not small. Some would say it's actually too large. A sample of 1,000 respondents is considered large and anything above that won’t add much to the accuracy and would just unnecessarily add to the time and the costs.

Surveys are not always true, in Singapore maybe women traders can beat men, but I'm sure there will be many surveys where the results are reversed, this is what makes survey results no longer a way to seek truth, I'm sure that if surveys are conducted in African countries then male traders can beat women even in sara there are still few women who know trading.

It's not that shocking if you consider the results were very close for men and women and that the people surveyed likely represented retail investors, when the passive approach is often the most rewarding (just buy and hold). I'm sure the results would be largely different for professional investors.
1387  Economy / Gambling / Re: ▄■▀■▄ 🌟BITVEST.io🌟 💰WIN BY 🔶PLAY 📈INVEST➡🔺🎲🎰🔲 | BET CONTEST ▄■▀■▄ on: May 09, 2023, 09:19:47 PM
LTC hot wallet empty 2 times this week. couldn't WD.


i am done with bitvest. total bullshir. only gambling site with empty hot wallets

The idea of having hot wallets is to not keep significant amounts in there, which means they could get drained when there's a big excess of withdrawals over deposits (e.g. when someone wins big and withdraws).
So I wouldn't judge the site on the fact that hot wallets get empty from time to time, but you could judge them on how fast they respond to the situation.
Have you contacted customer service? Any luck?
1388  Economy / Economics / Re: Bitcoin Mining is Good for Environment on: May 09, 2023, 09:11:47 PM

Even the not-so-bitcoin-friendly World Economic Forum recognised that Bitcoin mining can be a good thing and praised it for using energy from recycled waste gas. Of course, they managed to do it without mentioning Bitcoin or Bitcoin mining at all (referred to data centres instead) but still.
More details in this thread:
https://bitcointalk.org/index.php?topic=5450069.0
1389  Other / Politics & Society / Re: Being Russia and Russian now on: May 09, 2023, 08:52:25 PM
they are quite strong on the economic side, even in a state of war some time ago Russia was still able to survive even though they had to offend NATO. at least they have a natural resource in the form of gas which is the source of their exports to Europe, and that is Russia's valuable asset in Europe, they can sell it at a higher price for Europe because of offending it, I think Russia is now really a strong country militarily and economically.

The problem with conventional warfare is that it requires a lot of men willing and able to fight. With a prolonged conflict the number of dead and terminally wounded piles up. So even assuming they have the technology and resources to buy/produce equipment, they could simply run out of fighting-age men at some point. Drafting too many civilians could cause further disruptions to normal, daily operations (i.e. shortage of workers).

Russia seems to be managing the sanctions way better than anyone (in the West) expected, but to say they're economically strong is just too far-fetched.
1390  Economy / Economics / Re: Bittrex Files for Bankruptcy in Delaware on: May 09, 2023, 08:36:30 PM
  • Liabilities: $500 to $1 billion

Slightly misleading. According to the bankruptcy filing, they indeed have $500 to $1 billion of liabilities, but also $500 to $1 billion in assets. So we don't really know what their net position is. It's fair to assume they're in net liabilities, otherwise probably wouldn't file for the bankruptcy.

1391  Economy / Gambling discussion / Re: Betting strategy question on: May 08, 2023, 11:56:08 AM
the martingale strategy really sucks, I'm better off using the flat betting strategy in all of my bets, I prioritize long-term profits rather than dreaming of big profits in a short time

That's a bit of a weird statement. Both strategies (flat bets and martingale) have exactly the same odds and in the long-run, your net result (profit or loss) should be exactly the same in both cases.
The only difference is psychological and depends on your discipline, e.g. in flat betting, it might be easier to stop and accept the loss.

1392  Economy / Micro Earnings / Re: FreeBitco.in-$200 FreeBTC🏎Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: May 08, 2023, 11:43:23 AM
Because they don't earn enough interest. They get 3 sats per day so 25% is less than 1 Sat which is the base unit of Bitcoin. We can't credit you 0.75 of a Sat.

Just to clarify, is any income under 1 sat ignored/lost, or does it cumulate and is paid out when after reaching the 1 sat threshold?
i.e. the minimum to earn BTC is 30k sats. At 4.08% p.a. that's 3.35 sats/day. 25% commission is 0.84. So referrer won't get paid for the first day, but will they get paid anything on day 2 (when commission cumulates to above 1 sat)?
Or what if someone has say 5 referrals each holding the minimum of 30k sats? Will the referrer get paid anything, or do they have to wait till the daily commission from each individual referral is 1 sat or above?

Hi, I repost my question because i haven't solved the problem, I'm a member of the site freebitco.in and I have a referrer who earns daily interest. It says on the site that I should be getting 25% of that interest but I'm not getting anything. Why?

How can you be sure that your referrals are holding above the 30k sats (the minimum to earn interest)? You're not using multiple accounts, are you?
1393  Bitcoin / Press / Re: [2023-04-26] The Guardian - Bitcoin is terrible for the environment – can it... on: May 08, 2023, 11:17:30 AM
if it wasn't for the fact that The Guardian is an independent community-funded news org

that is definitely not a fact

The Guardian is funded by a "trust" company, the ownership of which was at least in part held by HSBC (Hong Kong Shanghai Banking Corporation) recently. This is a somewhat unique ownership structure for a media organization, I believe there are appointed "trustees" who have various extraordinary rights to change how the organization is run. Presumably the trustees hold private votes as to who will replace trustees who leave the board, like cardinals in the vatican choosing the pope and suchlike.

Not to defend the Guardian, but where did you get that information about them being funded by the HSBC from?
They are owned by "The Scott Trust Limited", which, despite the name is probably not even a trust but a regular private company limited by shares. The Scott Trust Limited does not appear to have any corporate shareholders, only individuals:



1394  Bitcoin / Legal / Re: Gary, tell us what is Ethereum? on: May 08, 2023, 10:48:21 AM
The SEC rejected the petition of the Coinbase exchange, and what will the exchange achieve from the court's decision?
SEC will provide a formal answer, in which there will be no clear information.This won't stop the SEC from terrorizing other crypto exchanges.
If there are no changes, then the SEC policy is correct.

What do you mean by rejected the petition? I believe the court has ordered SEC to provide response to Coinbase:
https://www.coindesk.com/business/2023/05/04/us-court-orders-sec-to-respond-to-coinbase-allegations-within-10-days/
I don't think they have responded already, at least I can't find any info on that. And if they provide an official response but fail to clarify anything (not sure if they can do it), then, I'd imagine it would work in favour of Coinbase, should SEC decide to start a lawsuit against them.
Some lawyers already predict that SEC will lose in court:
https://news.bitcoin.com/lawyer-expects-sec-to-lose-if-it-sues-coinbase-due-to-fatal-flaw-of-gary-genslers-own-making/
1395  Bitcoin / Press / Re: [2023-04-26] The Guardian - Bitcoin is terrible for the environment – can it... on: May 08, 2023, 10:18:59 AM
Those reporters forgot to talk about https://bitcoincleanup.com, and if it wasn't for the fact that The Guardian is an independent community-funded news org, I would've assumed that this was yet another sponsored article by Greenpeace.

The Guardian is known for their left-leaning political stance, even if they were entirely community-funded, they'd still have to cater to their donors, who are also majority left-leaning and most likely fully on board (and non-critical) of the "green" agenda.

But looks like they are still pretty reliant on advertising revenue, judging by their latest available financial statements:
1396  Bitcoin / Legal / Re: Mississippi & Missouri lawmakers propose laws protecting bitcoin mining on: May 06, 2023, 10:15:50 AM
Thanks for sharing.
So, if I'm reading them right, those bills essentially only prevent discrimination of digital mining and want it to be treated at par with other, similar types of businesses, but they don't propose any preferential treatment for miners, just give them a bit of regulatory stability.
1397  Bitcoin / Bitcoin Discussion / Re: The fall of crypto influencers. on: May 06, 2023, 10:02:24 AM

Because people will prefer to find influencers who share x1000 projects and trading signals than knowledge sharers.

Some people might, but they'll walk away after they get burnt once or twice and realise they are the ones who are being dumped on.
Good content creators have a much higher chance of long-term success, if they're consistent in putting in effort and doing proper research before publishing the content.

If we ask in this thread, probably not many of us here would actually be subscribed to x1000-pump-type channels.

1398  Economy / Speculation / Re: Crypto traders beaten by girls on: May 06, 2023, 09:52:51 AM
It's not uncommon for women to beat men in trading, usually women are more thorough and patient, it's only natural that most companies are dominated by women, another factor that allows women to beat men when trading is that women don't want to lose money while men make quick decisions even though loss.

It kind of is unusual, if we're talking about active trading (or speculation if you will). As men are naturally less emotional and more analytical, they are more driven into active trading. As a result, there are way more men traders than women, and the top of traders (with the best results) would likely be men in a vast majority.
But the survey discussed here covers more of a passive traders (so more of a holders than speculators), where patience and a passive approach often turns out to be an advantage.
1399  Bitcoin / Legal / Re: Gary, tell us what is Ethereum? on: May 06, 2023, 09:43:38 AM
I think nothing has damaged the SEC's reputation as badly as this whole crypto-security-or-not situation.
Remember that Gensler is just a face for the SEC, but it's not like he's solely responsible for the lack of clear policies. There's something deeper going on there for sure.
I think they're just trying to assess the implications of deciding either way. But I won't be surprised if they throw Gensler under a bus eventually to try to regain credibility.

Meanwhile, a Coinbase finally lost their patience and decided to sue SEC in hopes to get the court to force SEC to give Coinbase a clear answer to their petition (after being ignored for months).
https://www.cnbc.com/2023/04/24/coinbase-sues-sec-after-months-of-silence-from-federal-regulator.html
1400  Bitcoin / Bitcoin Discussion / Re: The fall of crypto influencers. on: May 06, 2023, 08:59:54 AM
influencers have a motive in every video they make!

they have a goal and that is increased branding on their account!

there are many examples that can be seen where there are many crypto influencers who actually have goals and motives in every video they make, including broadcast time, subscribers and referral links. they are no longer honest with it and everyone who listens should be more critical and careful in believing every sentence they issue.

"Influencer" is a broad term and I wouldn't put all crypto-related content creators with high number of subscribers/followers into one bag. I'm not going to advertise any channel but there are a few out there that are pretty decent in terms of creating good-value content.
Those who exist only to squeeze out the maximum profit out of their followers, usually have short-life as people tend to turn away from them.
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