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21  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: April 10, 2020, 03:09:59 AM

For example, I bet 1 satoshi on <50, then how many times can there be winning numbers >50? I bet <50 and after each loss, I doubled the bet, a total of 11 times the winning numbers were >50 and I lost most of my funds

The outcomes are random so there are endless possibilities.

The most (losing numbers) I encountered was 14 in a row (based on X2 multiplier) while another guy in this thread had like 20(?)-ish.
This is basically what I was expressing in another thread. If you are playing a 50/50 odds then every game is independent. Meaning if you lose one game the next game you still have those odds. You don't suddenly have better odds for your next game.
22  Economy / Trading Discussion / Re: Simple trading advise for newbe that should follow on: April 10, 2020, 03:07:43 AM
I think some basic advice is what many apply to the stock market. Find a platform that fits your needs. Buy low sell hogh, know your bottom dollar for losses, and secure profits wjen you can. Don't gamble money you dont feel comfortable losing.
23  Economy / Economics / Re: Repeating the Mistakes of the 2008 Bailout on: April 10, 2020, 01:52:37 AM
That's the reason bitcoin was created in the first place.

The irony is that now bitcoin follows the stock market in its ups and downs.
That's a downside to me in terms of bitcoin. I know it's good because it helps the value go up and not stay stagnate, but sucks it almost feels like just a stock when looking at the price.
24  Economy / Gambling / Re: Proof that Freebitco.in game is not provably fair. on: April 10, 2020, 12:08:11 AM
While it is unlikely I don't see it as being impossible. It's kind of like losing a bunch of hands in bj. Sure it's highly unlikely to lose that many rolls in a row, but I'm sure a major amount or rolls every day are done on the site that would make abnormalities like this happen possibly.
He just haven't realized that even getting 100times red in a row is a normal thing in gambling especially if you do the martingale, sayonara.

And you know what you can get 5 green in a row on 30x multiplier! I've experienced it. Isn't it sounds like unfair?
Unfortunately that's gambling.
This is basically the proof that some people still don't know what the odds are and what they mean. A 50% is a 50% and there is nothing changing that at all. You can gamble 10000 times and lose 10000 times and the next one still will be 50% chance to win and not suddenly lower because you had so many losses in a row.

Previous bets do not have anything to do with the future bets, all bets are individual and they should be seen and gambled that way. Of course, you would expect to win after certain time because 50% is half the chance to win equal chance to lose so you would think eventually you would win, but that doesn't have to happen just because you wish that to happen.
This. The bets are unique and don't rely on previous bets. The 50% means 50/50 win loss. Not just you lost one so the next is a guaranteed win. I think that's where a lot of people kind of get messed up thinking that losing 4 in a row can't happen.
25  Economy / Games and rounds / Re: █ ★☆★777Coin★☆★ █ ✔ Full Range of Games ✔ Instant Withdraw ✔ Free mBTC! on: April 09, 2020, 02:40:30 AM
Username: desertfox470
Thank you
26  Economy / Economics / Re: COVID-19 will pave the way for CBDCs on: April 09, 2020, 02:22:48 AM
In times where social distancing is a must, the way we make payments changes in its entirety. Physical cash will cease from existence, as they serve as "carriers" or "vehicles" of the deadly coronavirus "COVID-19". Governments will notice that printing more money will not be worth their time, leading them towards the creation of their very own digital currency. That is if the pandemic continues extends long enough in order to have a negative impact on the world's economy.

Considering that everything has been moving to the "online world" lately, I believe that the coronavirus pandemic will pave the way for CBDCs (Central Bank Digital Currencies) quicker than we've expected. After all, it'll be much safer to conduct transactions online (and eco-friendly too) than doing so in the physical realm. Crypto will rise like never before because of this, leading towards the accelerated development of CBDCs.

While many countries like the US and Russia are skeptical about crypto/Blockchain technology, they might change their stance once they see it's no longer worth printing physical cash. China has already been working on a CBDC solution of its own, so it's only a matter of time before it starts rolling it to the public.

What are your thoughts? Will this be the era of CBDCs? Or is it still too early to tell? Huh
I don't know if it will exactly be a CBDC. I think many companies utilize debit and credit cards right now for online and in-person transactions. This also helps limit the spread if people are not touching a lot of things while doing these transactions. I don't see a world-leading country putting out a CBDC because many citizens wouldn't know how to use it.
27  Economy / Economics / Re: How can we get people to use bitcoin as a currency? on: April 09, 2020, 02:20:25 AM
I think the largest challenge for people to use it every day is that the price is constantly changing. For instance, when you go to a store the price of an item lets say $3, now imagine that price having to be changed daily to reflect the price of bitcoin and your currency. I don't think bitcoin could overthrow fiat anytime soon so I don't think the argument of "well we wouldn't have to account for fiat price" is inaccurate at this time.
28  Economy / Speculation / Re: Will bitcoin last forever? on: April 09, 2020, 02:17:52 AM
There is Bitcoin, and then there's everything else. Everything else is effectively interchangeable.

I can imagine scum like the BSV crew will play with pumps and market caps to attempt to make it look that way for brief moments before they fall back but nothing will sustain as they're ultimately empty gestures.

Bitcoin is the oldest, best developed, most purely launched and most decentralised project. That all adds up to trust and trust can't be bought or faked. It can only be earned. Nothing will be able to match that trust and that's the main thing that counts in deciding market position and value.

I can imagine in future there will still be something named Bitcoin that bears no technical resemblance to what we use now. Because it's the same ledger it will still be Bitcoin.
I agree pretty much with this comment. People hear bitcoin and cryptocurrency usually. They never heard even litecoin. I think that the halving will be a big deal for bitcoin and where the price will go. If the price doesn't match current profits for mining then I think bitcoin may lose popularity in many miners' hearts. I think if the miners go to another coin then the other coin will rise in ranks. Many years down the line I could see bitcoin getting dethroned but not anytime soon.
29  Economy / Speculation / Re: Btc:Could we expect a bigger push -up? on: April 09, 2020, 02:12:40 AM
Halving is near and this is the only one reason why i still a bit optimistic about btc price
Same here, I only see the price of bitcoin going up in the short term due to the halving and miners needing to use more electricity to produce more BTC technically thus raising the price. I haven't seen recently any big news that would justify the price of bitcoin to go up except for stimulus checks and the coronavirus.
30  Economy / Economics / Re: History Reveals There Is No Going Back for the Economy on: April 09, 2020, 02:09:46 AM
Quote
Yes, we are "in the middle of a major transition." The world after this will never be the same. Well, we are constantly evolving, anyway. I guess the new paradigm that will arise after this will be more nationalistic, more focused inward, on building a more independent country, rather than eyeing a more globalized position.

I don't really agree with it and that's a bigger risk for the countries to maintain their economic power. Post this pandemic, more and more countries will try to be self-dependent and focus on their internal market to maintain their finances, rather than focusing on global market. But that may have a disastrous effect on many countries who don't have a big internal market, especially smaller but technically advanced countries.

There's a big chance that China will try to become the world leader in exports post this pandemic. China will try to flood the international markets with their cheap and sub-standard quality goods. When the deep-pocket companies will see this happening, they will rush to China to open their factories so that they can continue with their business and take benefit from cheap labor force of China. We have already seen this happening in Mobile industry. All global mobile brands are manufacturing their phones in China only!

This will have a ripple effect on all markets and there's a good chance that China will become the next superpower of the world. That can in turn bring financial doomsday to many countries solely dependent on the global exports.

So becoming a nationalist is not a preferred choice you can make post this pandemic. Becoming aggressive in capturing the global business - must be the survival strategy post this time so maintain the finances. 
I sorta agree with this. I think mainly countries will try to bounce themselves back as many see themselves as world leaders. Maybe this is off-topic, but I feel like countries have started to become more nationalistic than before. It almost feels like so many countries think they are the best and building up arms like before WW1. Of course I could be totally wrong and over analyzing.
31  Economy / Games and rounds / Re: [COVID-19] Folding@Crypto.Games ~ 0.5 BTC+ in incentives for a good cause on: April 09, 2020, 02:05:20 AM
This seems very cool. Unfortunately, I am unable to sign up for Crypto games since I am in the US. I am however still going to keep doing this a little to help support the cause under my username desertfox470. Thanks again guys for doing something so great!
I've assigned you to the Rainbow Group. Rewards for those users are still calculated and will be donated at the end of the project, I hope you're good with that.



I've assigned all users so far their teams and added you to the group table. Let me know if I've missed someone, or missed the coin preference for someone.

I have also updated the list of currently earned rewards, as credit collection has picked up for a lot of you (after doing the initial 10 WUs).
Totally fine with me, I'll have it running while idle but I'm not sure I'll get to 100k. Anyways good luck to everyone and great thing you guys are doing here.
32  Economy / Gambling discussion / Re: Do some gamblers actually win? on: April 08, 2020, 04:12:02 PM
I think it is possible. Many users probably use some type of strategy to win. That means they aren't necessarily putting all in all the time. They might only be doing pennies. I think over time many people will lose, but there are also people who in the end will come out ahead.
33  Economy / Gambling / Re: Proof that Freebitco.in game is not provably fair. on: April 08, 2020, 03:36:56 AM
While it is unlikely I don't see it as being impossible. It's kind of like losing a bunch of hands in bj. Sure it's highly unlikely to lose that many rolls in a row, but I'm sure a major amount or rolls every day are done on the site that would make abnormalities like this happen possibly.
34  Economy / Economics / Re: returning to normal on: April 08, 2020, 03:34:04 AM
Returning to normal in crypto and returning to normal in life are two different things but also very connected things, we should realize that. Maybe the price recovered and we are getting back to normal, hell we are actually profiting right now from year to date price, if a person bought in 1st of January, and sold now, he would have profited, that is not really something we can actually have during a crisis usually but thanks to bitcoin we can.

However do not forget that there are millions of people staying at home and not going outside right now, which in the end means that there are people who are dealing with crypto a lot more often these days, that is why I still find it reasonable to think when people start to go outside and start to spend money again, bitcoin price may take a hit.
There will be a recovery that will happen but we should not expect that it is a fast recovery, the economy collapsed so the recovery will be slow before it comeback to normal like before. The price of the bitcoin will also recover but we should not be greedy like other traders who always thinking that the price of the bitcoin will skyrocket like what happened in the year 2017. It will take time and we should be prepared on different opportunities in the market.
Did the price of bitcoin fluctuate that much? Looking at a one month view it has gone down around $700, but couldn't we just assume that is normal bitcoin fluctuation?
35  Economy / Games and rounds / Re: [COVID-19] Folding@Crypto.Games ~ 0.5 BTC+ in incentives for a good cause on: April 08, 2020, 03:28:22 AM
This seems very cool. Unfortunately, I am unable to sign up for Crypto games since I am in the US. I am however still going to keep doing this a little to help support the cause under my username desertfox470. Thanks again guys for doing something so great!
36  Economy / Gambling discussion / Re: Is gambling a threat or fun? on: April 08, 2020, 03:15:21 AM
I think that gambling is fun until it becomes stressful. When you wake up in the morning and the first thing that you do is think about which matches you're gonna play, than it's a threat. But when you go out to walk your dog and you play a ticket for a buck or so, then it's more fun than a threat. I know a lot of people who does just that - every few days they play a ticket with 10 pairs and put a little money on it (under a dollar). They think of it as fun and I agree with them.

Like any addiction, the game causes breaking.

A person very quickly gets used to those doses of hormones that he experiences during gambling, moreover, real money is at stake, which boosts the hormonal system even more due to stimulation of emotions.

At some point, a person may become irritable, nervous, moody, but all this will most likely be hidden from him.
It is very difficult to come to understand what exactly gambling is the cause of this condition, because during games you can feel good.
I agree with this. Many people feel they are happy while playing, and this is caused by a few wins. Slowly losing makes a person irritable even if they don't notice. They only think about happiness from the wins.
37  Economy / Gambling / Re: bustabit – The original crash game on: April 07, 2020, 02:54:18 AM
Is there any reason as to why it was restricted? I've personally never had this problem, and play pretty frequently so if it was done for no reason it seems suspicious to me.

While I have suspected that this person has systematically been scamming players on bustabit and bustadice for a while, I generally don't get involved in disputes between players as it's impossible for me to reliably determine who is in the right and who is in the wrong. However, after they admitted to it in private I decided to bar them from both bustabit and bustadice and muted all of their known accounts.

Since then they have attempted to evade the ban (presumably to continue conning players) with multiple accounts. On bustabit, all new accounts must wager before being able to chat, so in order to slow their ban evasion down I began temporarily locking withdrawals from their accounts. For what it's worth their account was locked for less than an hour.

bustabit generally only locks accounts if I have reason to believe an account might have been compromised. In these cases the locks are only temporary as well and (hopefully) allow the account's legitimate owner enough time to ensure they have sole control of it. It's worth restating that bustabit never prevents players from withdrawing their funds, even if they fail or refuse a KYC check, for example.
Thank you for that information. To me your actions seem fair. I am glad you watch out for your players.
38  Economy / Gambling / Re: bustabit – The original crash game on: April 07, 2020, 02:13:59 AM
Well, this is something I never expected, nor something that would EVER happen under previous ownership. Just goes to show how downhill this site has gone.

As of today, Daniel has disabled my ability to Bet, Withdraw and Tip on Bustabit. Now, that would not be an issue if I hadn't just had a friend repay a loan I gave him, TO MY BUSTABIT ACCOUNT.

Essentially bustabit has just stolen about $30 from me. Not a large amount, but its surprising he's that low of a human being to ban me from his service all because of his personal opinion of me.

Risking his reputation over a personal opinion he's got against me. Genius move Daniel!




Is there any reason as to why it was restricted? I've personally never had this problem, and play pretty frequently so if it was done for no reason it seems suspicious to me.
39  Bitcoin / Pools / Re: [∞ YH] solo.ckpool.org 2% fee solo mining USA/DE 255 blocks solved! on: April 07, 2020, 02:09:40 AM
If you don't mind me asking what do we need for the share value of a found block? Sorry if that's a dumb question. I'm only at about 11 million atm, but am just wondering if it's a billion?

current difficulty (your best share) would have to be over
13,912,524,048,945
If you don't mind me asking what do we need for the share value of a found block? Sorry if that's a dumb question. I'm only at about 11 million atm, but am just wondering if it's a billion?
Google current bitcoin difficulty. It is currently almost 14 trillion.
13,912,524,048,945
Thank you both. That makes more sense now. Guess it's ok to say I'm quite the ways off haha.
40  Bitcoin / Pools / Re: [∞ YH] solo.ckpool.org 2% fee solo mining USA/DE 255 blocks solved! on: April 07, 2020, 01:56:43 AM
If you don't mind me asking what do we need for the share value of a found block? Sorry if that's a dumb question. I'm only at about 11 million atm, but am just wondering if it's a billion?
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