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Of course the purpose is to make money with a high risk! How can this even be a topic? It's like this new crypto gambling lottoshi.. such a huge amount for a prize.
Because not all people uses gambling as a way to make money, some people do it for fun only on their spare time. Indeed the number of people who uses gambling for fun purpose is low compared to those who gamble to make more money. That's why it becomes a topic, to know our reason why we do gamble. Whether we are one of those who gamble for fun or one of those who gamble for money. True that. I'm actually quite curious about how ppl view the INVESTMENT bit on some Casino/gambling sites, would you call it gambling as well? Like investing on its ICO? |
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- 2019 return +95%
- 150 days where bitcoin moved less than +/- 1%
- Maximum one day move 17.4%
- Minimum one day move -14.1%
- Average absolute daily move 2.4%
- 90% of returns between -4.7% & +6.1%
- 2,863,775.0 bitcoins left to be mined.
- 144 blocks per day are mined on average
- 1,800 new Bitcoins per day
- 83.636% of Bitcoins issued
- Total Bitcoins mined today is 18,136,225 BTC
- There have been 610,898 blocks mined
- Around 30,000-60,000 people with more than $1 million worth of bitcoins
- Bitcoin has been declared dead for 379 times
Feel free to add any other stats you find interesting
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I don't see any public telegram, are you planning to launch any chat or is this thread going to be for chit-chat with the community?
This is probably going to be the place for questions and answers now, if more requests come up we’ll think about opening a telegram group. I’d suggest you guys have a place for chit chat as well, for you it might bring out some insights you can reference. |
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There was a thread I was following and someone mentioned Lottoshi.. i don't know if they intentionally called their game like that to make it attractive or what.. but anyone here tried it? looks.... hmm.. you tell me.
It's lottery game, you need to understand how lottery works. I never try that website and I don't really understand about lottery, so it's better to use money that you can afford to lose if you want to play that game. And the name is just to attract people to join, looks like lottoshi is erc20 token too. Btw, i think this thread should be move to service discussion (altcoin). Lottoshi is just a name which do integrate a "lotto" game and using that common satoshi in the ending part.I thought directly with litoshi which is a small part of LTC. @Topic, where i dont see anything special with this Lotto game even it do talks about decentralized one.We have seen on how many lottery sites back in the past but none of them really do get some sufficient interest here on cryptospace. Been following Lottoshi for a while, why do you think the crypto space doesn’t have such high interest in lotteries? Just out of curiosity |
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I want to get some thoughts from the community about this perspective,
I have a simple structure looking at decentralized projects
Good government | Bad government
—————————————————-————————
For | |
—————————————————————————
Against | |
—————————————————————————-
For good government one can help with catching illegal behaviors, against good government include money laundry, gambling so on and forth
Against bad government is helping Venezuela escape its hyperinflation, we can put intentions in places we see fit.
And of course one can replace government with other centralized entities, governments are just easier for all to imagine
The tricky part is how is good and bad decided? What do you guys think?
You're right about a tricky part being the 'good/bad' distinction, so let's start with that. What's a good government? For me, a good government has the following characteristics: 1. It's acting based on justice (and justice is more or less in the sense that John Rawls had). 2. It protects human rights. 3. It's trying to make sure that the economics of the country is prosperous. If you take these factors into account, I think a good government would support decentralization (since it allows more freedom and transparency of the processes), whereas the bad government would tend to be totalitarian and would thus be against decentralization. But that's a simplification, of course, and some might reasonably disagree with that. This can indeed be very tricky, at some point it becomes a philosophical question, justice to one may not be justice to another, economics of a certain country may be prosperous, but means to this end may not be as just. |
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People are saying the industry is showing signs of heating up impending collapse. I'd consider something else. Too high risk for too little gain.
Blockfi at least has some reassuring names attached to it, but then Circle owned Poloniex when it fucked all those people, not that I consider Circle a competent operation. Here's one snippet from Blockfi's terms and conditions. 'BlockFi and our third party partners may experience cyber-attacks, extreme market conditions, or other operational or technical difficulties which could result in the immediate halt of deposits and withdrawals of cryptocurrency either temporarily or permanently. BlockFi is not and will not be responsible or liable for any loss or damage of any sort incurred by you as a result of such cyber-attacks, operational or technical difficulties or suspensions of deposits or withdrawals.' I'm relatively sure every crypto custodian has that somewhere in their terms but that finished my boner off at least. Yes all of them do say this somewhere for sure, all these lending platforms can only be relatively stable, there’s probably never going to be absolute security, hence a detailed comparison is definitely needed. |
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How does pricing work? If prices in BTC, does it change everyday? Every hour?
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Satoshi probably wouldn’t be making a lottery, global lottery has been done by many, why are you different?
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Looking great and congrats friends!
Been looking forward to this for a couple of months now.
A global scale lottery game has no limit in size and I like how you guys made your mission to become the world’s fairest game.
Good luck!
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There are myriads of crypto lending platforms out there these days, I’ve been trying to figure out where to lend my BTCs so here are some numbers I’ve pulled for comparison, so if you’re also thinking about hodl anyway, these may be some numbers you can reference.
CoinList and Genesis requires a higher deposit minimum, so I didn’t look much into them, I also did not look into sites that would require me to look into someone’s profile, way too much work and risky. Other than these I didn’t find many I feel I can trust, if anyone wants to suggest a certain platform I can dive into it and put it here for comparison.
Celcius Network
Team credential : Founder has proven record of growing early stage startups, CEO was one of the inventors of VOIP and exited multiple times
Funding : ICO, ~50m USD value of tokens sold
Minimum deposit : None
BTC lending rates : 3.35% (higher if you accept CEL the platform token)
Deposit fees : None
Withdrawal fees : None
Lockup : No lockup
Wallet/Custodian provider : BitGo
Insurance : lenders and borrowers are insured for up to $100,000,000.00 by Lloyd’s -- a London-based bank -- in case of a hack or bankruptcy.
Payouts : Weekly
BlockFi
Team credential : Founder & CEO was in sales roles in multiple high growth startups, one acquired by Google
Funding : Backed by Peter Thiel, Coinbase Ventures, Consensys, Fidelity, Windlevoss Capital and many other well known investors, raised over $20 million
Minimum deposit : None
BTC lending rates : 6.2% APY at the point of this article (Best so far, under 10 BTC), over 10 BTC it drops to 2.2%
Deposit fees : None
Withdrawal fees : one free withdrawal per client per month. After that, our custodian Gemini passes on a withdrawal fee of 0.0025 BTC.
Lockup : None
Wallet/Custodian provider : Gemini
Insurance : Not FDIC insured
Payouts : Monthly
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Sia seems to be gaining some traction here and there with steady growth, does anyone know who are their main target users and use case?
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I want to get some thoughts from the community about this perspective,
I have a simple structure looking at decentralized projects
Good government | Bad government
—————————————————-————————
For | |
—————————————————————————
Against | |
—————————————————————————-
For good government one can help with catching illegal behaviors, against good government include money laundry, gambling so on and forth
Against bad government is helping Venezuela escape its hyperinflation, we can put intentions in places we see fit.
And of course one can replace government with other centralized entities, governments are just easier for all to imagine
The tricky part is how is good and bad decided? What do you guys think?
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If this will be the case then China would have a huge chance of regulating bitcoin and cryptocurrency in their country. But as far as we know, they couldn't possibly do such act like that because of how independent bitcoin is. If people will keep on doing such act to escape their responsibilities as a citizen I don't think they are utilizing bitcoin in such a productive way it should be. But I do really admire people who are using bitcoin as their main currency when they badly need it (protesters), but I will consider admiring more if they trust their government.
I agree, I have a simple structure looking at this Good government | Bad government —————————————————-———————— For | | ————————————————————————— Against | | —————————————————————————- For good government one can help with catching illegal behaviors, against government include money laundry so on and forth Against bad government is helping Venezuela escape its hyperinflation, we can put intentions in places we see fit. The tricky part is how is good and bad decided? |
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Got several questions on the forum about women in Bitcoin, this should provide a better answer.
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Some must do it for sure. But I'm wondering how easy that would be for large amounts of money. As we know, China has tough controls on payments. Most happen electronically through government approved applications. If somebody was dealing too much with cash, it'd might be expensive and also suspicious. Maybe getting money out of china is either a small time thing or mostly accessible to those with access to elite grey market services.
Yea it is mostly accessible only to the elite class, as far as I understand they only get their hands on this service through introductions, the transfer isn’t as limited due to it a company transfer mostly |
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It’s always been puzzling to me why there hasn’t been much adoption other than speculation for cryptocurrency outside of Bitcoin.
Ethereum is great, but things built on top so far has really low usage, including Defi platforms who claims to be the next big wave but has fallen short so far, growth for most of them simply doesn’t seem as impressive, that might mean there’s no market demand for it, like “who has to make a loan on Defi platforms?” I can’t think of a solid answer.
But I do feel censorship resistant websites can be the next one, built on IPFS and Filecoin, with other decentralized services, what’s the opinion of this community?
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As the poll question states, in your opinion, is it a good idea to buy (stack) gold?
Feel free to elaborate your answer.
I do believe it’s a great idea to stack both gold and bitcoin, bitcoin hasn’t proven itself in a recession yet, which is possibly coming, yet gold has for a very long time. |
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The source and delivery of gold, or even the entities that makes gold into financial tools can be regulated, but not Bitcoin, one exception is if the Chinese goverment really do control most of its mining power, then like gold, Bitcoin will be controlled.
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The growth of most Defi platforms have flattened a little, they’re still growth but nothing exponential, also there are concerns that when ETH’s price drops, there’s going to be a cascading effect that bring the platforms down.
On the other hand some centralized lending platforms including BlockFi, Genesis and CoinList seem to be growing much faster, main reason being institution money usually have to go through centralized platforms, for your reference
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