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1421  Economy / Gambling discussion / Re: The fight between Mark Zuckerberg and Elon Musk. Who you betting on? on: June 24, 2023, 10:41:58 PM
I so much would like to see this happen. Mostly because i would pay money to see Elon going down.

And people who are rooting for Elon, have you seen what shape he is in? Even if Elon lost weight and got stamina (which he obviously doesn't have), Mark would have so much BJJ head start that Elon couldn't catch up. And to top of that, Elon would think too much of his skills, as he usually lies about them in other areas as well.

But i doubt that this would happen as Elon losing woudn't really fit well on his image. And i am thinking he is capable of realizing he would lose.

Both of them are scumbags, Elon is transparent how much he is, and Mark at least used to be but he has brains to shut up and not having public meltdowns so we don't know how much. So he has better PR.
1422  Economy / Gambling discussion / Re: Gamble Responsibly on: June 24, 2023, 10:20:18 PM
A scenario played out sometime last week when I applied self restriction and it really paid off for me,  I placed a bet on stake and when 3 of the games already won the remaining 2 because it was a multiple bet slip,  and when I waited to see the amount of my cash out I already accumulated a good amount in my cash-out balance.

At this point, I was caught in the middle of the decision of whether to cash out or not,  but at the end of the day,  I ended up making up my mind to cash out the amount and go what,  the last match could have been lost and the ticket desrroeryd but since I made use of the cash-out option and having the discipline to decide made it easy for me to make up my mind on time.
Good call. I had that feeling with some altcoins back in day. My instinct was saying that i would need to sell as i made 10x or something like that, because if i went to sleep, it might crash to zero as many pump&dump coins did back in time.

But was that self restriction you were using? Because all my instincts would say that i would need to cash out, while self restriction to me would be following trough my plan and wait for every bet to resolve.
This is why i don't watch how much money i would have, even if i would be wathing the games/fights.
1423  Other / Beginners & Help / Re: How did you start your posting life as a newbie??? only for full mem, Sr and leg on: June 24, 2023, 10:03:46 PM
When I joined this forum there was no merit system yet, so I became a Hero member by just posting whatever came to mind, and I didn't have a goal of joining signature campaign, my main motivation of checking the forum was looking for jobs and altcoin bounties, so I was only making a few posts per day to keep increasing the activity score. As I earned more bitcoins, I became very interested in how Bitcoin works and what awaits it in the future, I started participating in discussions and started earning merit for my posts.

So my advice to newbies is to not force yourself doing something that you don't want to do.
This was my story as well, i has a high rank account before i even realized that there are bounties to make money from, might have been hero. I mostly posted under announcements to keep up what's happening and to argue with the fudsters. I think every single one of those coins has died already so fudsters were right in the end. Also altcoin announcements were the place where i found new mineable coins (before icos) with fair launches to not so fair launches.

1424  Economy / Economics / Re: Let's get rid of all regulations, what can possibly go wrong on: June 24, 2023, 09:54:28 PM
This should be a cautionary tale to people who dream about society without government and its regulations. Imagine if someone makes an "experimental and innovative" nuclear reactor that explodes and gives radiation sickness + cancer to hundreds of thousands. Or someone makes an "experimental and innovative" dam that collapses and floods houses. Invisible hand of the market won't be able to undo the damage or prevent it in the future from repeating again.
I think most people are fine with regulations as long as it is reasonable. The problem is that the one who runs the system can't be trusted, which is hard to solve since you can't simply tell everyone to "try to participate in governance then".
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Thing is that most likely Rush thought that his way of doing things were reasonable as well. As most of us aren't deep sea experts with submarines and deeps sea like Rush wasn't. Most of us aren't experts in political science either. And countries have move moving parts than submarines.

And even when everything affects to everything and there are countless of studies about political science and how to keep careful balance, for some reason people who haven't read one book think that they know best what are reasonable regulations.

And since you already wrote that people running that sub were bunch of idiots, what do you think rest of the human kind is like, who think they know what's reasonable regulation?
1425  Economy / Gambling discussion / Re: Lotteries and possibility vs. probability on: June 24, 2023, 09:30:10 PM
I have recently read an interesting essay on this topic, but it was already explained it to me a few years ago.

The thesis would consist that, although the probability of winning classical lotteries is near zero (typically between 0.0000007% in the case of Euromillions and 0.000003% in the case of national lotteries), people is willing to pay an excessive overprice because they are buying the right to dream about the possibility of winning.

Although there are extreme cases that get addicted to lotteries, this is quite uncommon if I'm not wrong, because, if you are not paying for the probability but for the possibility, a bet of 1 USD is enough to buy said possibility.

On the other hand, national lotteries are known to be "taxes on ignorance of mathematics", but if these revenues financed public expenses that revert to the common good: would you agree to pay systematically 1 USD more in your annual taxes as something that ensures the right to dream of a dear life of every taxpayer
Average person who plays lottery is happiest after they have bought the ticket. And i totally understand why. Dreaming what would you do with life changing money is fun. And since people aren't wired to grasp probabilities especially with big numbers, they deal with it by picturing smaller groups. Then winning seems more possible too. Since someone is going to win it, it might as well be them. And that's a comforting thought.

Humans never had an evolutionary need to understand big numbers so we can easily be manipulated by such numbers.
1426  Economy / Economics / Re: Look for what to invest, not what to eat on: June 24, 2023, 09:09:52 PM
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What do you think.
That's not really a choice. If you don't have money to both investing and food, you shouldn't be investing anything. But to figure out how to eat healthy and cheap, and where to get money from, because at that stage money isn't coming from investing. And you should only invest something you can lose.

If you are in a situation where you choose eating cheaper so that you can still invest, that's a choice. Even then don't compromise by eating unhealthy. Eating well keeps your brain and body in such health that you are able to work more efficiently. Also you will save money when you don't get sick so easily as you would if you ate unhealthy.

It's about priorities. And health should be your priority nr 1.
1427  Economy / Economics / Re: 85% of AI start-ups will fail within 3 years. on: June 24, 2023, 08:39:48 PM
A project that can last up to 1 year should be able to continue to grow, a good project certainly has a clear concept and roadmap, the owner must be able to ensure that the roadmap can go according to plan, most projects fail because they don't know the direction and goals so they fail.
That sadly isn't good enough indicator for success.

Startups are funded for years by investors and several of these startups are not able to make profits for years. For example it took Apple 2 years, Google and Intel 3 years, and Facebook/Meta and Ford 5 years to be profitable.

Adoption can take time even if startups are more feet on the ground profit centered. And more experimental they are, more likely it is hard to find adoption for your product. Especially when startups are cutting edge hi-tech and other infrastructure isn't ready for it yet.
1428  Alternate cryptocurrencies / Altcoin Discussion / Re: Circulating supply matters to you? on: June 23, 2023, 05:10:10 PM
I just don't understand why people are not speaking out, project should have more than 50% of its current supply in the market at launch, this was how things were at the beginning of Crypto but the VC's greed has destroyed trust. A lot of these projects' prices are down only just because the team and the VCs keep dumping on retailers. Inch is a good project with bad tokenomics, the price of the tokens has been down only and I don't see this changing and there are many projects in this space that are in a worse situation than Inch. I am not surprised all these small-cap projects are receiving some love recently even VCs and warming up to them. BNB is a very good example of how tokenomics should be managed, not pumped at the beginning and down from there
Do you mean it should have less then 50% in the market at launch? Because you can't really prevent people from dumping when most of it is circulating already.

Also bitcoin didn't have any circulation when it started and it's doing fine. Method of circulating coins at the start came only after icos with premined coins and after that layer 2 token sales where supply was distributed between buyers and others.

Pumping your own token or coin would be down right illegal, so it's either done by pump & dump crews or with organic growth,
BNB was pretty much basic ICO with erc20 tokens and that too was dumped at the start, in hindsight it was a short time when it was still dumping but no one knew that at the time, also binance seemed very much like a scam at the start with pointless erc20 exchange token and no one wasn't sure if it's going to be in it's own chain any time soon. Or ever.
1429  Economy / Gambling discussion / Re: A Nigerian Father Rejects Son's Gambling Win on: June 23, 2023, 04:56:37 PM
A boy won #38,000,000 ($82340.19) with just #400 ($0.87) and when the boy brought home his win, the biological father of the boy rejected the money because it was gotten from gambling. So that makes me to think how people look or see or think of gambling. Is gambling a bad thing to do? As for me gambling is not a bad something but the individual can be bad and also the way you present yourself in the society can also tell people about your personality.
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How do you see the father? Was he right by rejecting the son gambling win?
I don't even know what the weirdest part of this is. If the son wouldn't be in control of the money he won how was he able to gamble it in a first place?

Something on this doesn't add up or those Nigerian laws are just plain weird on monetary and gambling and parental rights. I mean why would the father was in control of his winnings if he wasn't in control of his gambling?
1430  Other / Politics & Society / Re: Privacy Is a Human Right in the 21st Century on: June 23, 2023, 04:44:59 PM
We are on a brink of the solution. And that solution is Zero Knowledge tech.

People confuse privacy with anonymity while those can be different things. Anonymity can be used to escape regulations while privacy can be used for confidential transactions where you choose what aspects you want to reveal. Zero knowledge tech allows us to be auditable while being shielded from prying eyes.

China perhaps wants total control and surveillance without ability to hide anything, but this doesn't apply to most countries with democracy where privacy indeed is seen as human right.

Obviously some governments want to step over that line and spy their people, but that's mainly because there wasn't any other way yet. ZK tech brings change to this. It's good that peope want to bring awareness to problem with lack of privacy, but they should also be educated of solutions that are soon ready for use, so we can inform our congressmen as well.
1431  Other / Politics & Society / Re: Submarine missing ^Titanic disaster 2023 on: June 23, 2023, 04:36:22 PM
To me that was a suicide mission, no one has ever gone to see the Titanic ship and return. It's a journey of no returns, and people still want to try, for nothing sake.
You think? There have been literally dozens of manned expeditions to the wreck of the Titanic since it was found in 1985.

https://en.wikipedia.org/wiki/Wreck_of_the_Titanic

The film director, James Cameron, who also happens to be a passionate explorer of the deep sea, holds the record for visiting the wreck of the Titanic over 30 times. There's even a rather amusing tale of a couple getting married in a submersible on the bow section of the Titanic wreck, recreating the iconic scene from the famous 1997 movie.
Yep, i dunno why people make up mythic stories when they are easily verifiable.

But probably Cameron made that millionaire think he could do that on their own as well with more then questionable gear. Deep ocean diving shouldn't be taken lightly and given that they were using a cheap game controller for the sub, and rejected a pro military experienced personel because they weren't inspirational enough. So it's safe to say the man didn't know what he was doing in the first place.

I feel bad for the boy but they probably died fast, as when the pressure finally gave in, the implosion killed everyone instantly if they still were alive.
1432  Alternate cryptocurrencies / Altcoin Discussion / Re: Not all new Projects are bad, So take the Risk on: June 23, 2023, 04:23:39 PM
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You advocate for investing in safer options like BTC, ETH, and BNB. A good advice, no doubt! But isnt it a bit conservative? Crypto market is not for the faint-hearted, right? Do we not thrive on the thrill of volatility, the promise of high risk and high reward?
Imho investing to bnb is anything but safe and conservative. While BTC and ETH are not under attack, at least at the moment. BNB is higly linked to binance CEX and if that goes down, or even CZ as individuial it's bye bye for BNB.

No one wants that but the threat is clear and more then real. It might not be an imminent danger but all it need it one more set of bad news from the court case and it will dive and shorters with a leverage would see that dive will be hard.
1433  Economy / Gambling / Re: 🎲BetFury.io|🎉BetFury Affiliate Program is live| 💸Earn with RevShare up to 60% on: June 22, 2023, 11:58:34 PM
That's how casino counter the martingale strategy. Most of the bankroll won't keep up if they experience 20x losing streak. You need to have a ridiculous amount of capital to keep up with a very small base bet if you experience that kind of losing streak. This is why I don't do martingale only strategy on a casino since I've lost so much money just by doing it. It's an effective strategy but the risk of it will certainly drain all your bank rolls. I suggest to just use different strategies when you are doing a gambling session or mix some strategies.
I disagree with your point. Casino's don't need to counter martingale strategy, nor it's effective. It's mathematically proven to be not a good strategy by any means. It's based on gambler's fallacy and human's inability to understand probability or big numbers.
 
People can say that they understand how probability works, but we are intuitively wired to not grasp it. So we want to use it as we see more meaning into it. It's just as effective as any other method. All based on luck and probability
1434  Economy / Gambling discussion / Re: Will you cheat in gambling? on: June 22, 2023, 11:44:06 PM
As a morally upright person that does not like to cheat people, but gambles and has lost a lot of money to gambling in a casino where you have sometimes been cheated even without your knowledge or betting on sports, will you take an opportunity you get and go against your moral standards to cheat a casino or sportsbetting place, just so you can win big at least even once.

Will you try a trick to win on casino game machines if you were told and it is a 100% working trick to cash out? Will you bet on fixed games if you get the tip early?
I wouldn't, not that i even knew how to. But weirdest thing is that there was a one guy while back that "cheated" in casino at Finland. Casino saw this guy taking video from slot machines, then he changed slot gambling pattern, removed auto spins for example and started winning. Casino took that man to court explaining that he cheats "somehow", no one even seemed to know how. And they made him pay the winnings back.

Now i am guessing they knew how he was winning and it just wasn't never released to press, but imho if you design a slot machine that way it can be cheated, it's developer's fault all the way.
1435  Other / Politics & Society / Re: Will bitcoin influence the next U.S election? on: June 22, 2023, 11:21:30 PM
The United state of America commonly known as United States (U.S or US) has held historical elections holding about 59 in total till date, and it's last election held in (2020) was one of the toughest with a rivalry between two strong parties the Democrats and Republican party of which both parties have controlled the United state Congress since (1856).
 Joe Biden won the polls as at (2020) and emerged as the 46th and incumbent president of the United States, being a member of the Democratic Party. However the United States carry out an election within a four years interval and every citizens vote for their preferred candidate.
 With the fourth coming election in (2024) several persons from various parties have declared their interest to run as aspirants for the president of United States, recently a crypto friendly and mayor of miami has joined the race and declared his intentions for the forth coming election, that's a good news for the crypto ecosystem.

  Since we're in the Crypto era and he's bitcoin friendly do you think he'll gain audience from the masses?
 Or will Joe Biden be relected as president of United States, what's your opinion?
 My topic was created based on research, sources.....
https://www.britannica.com/topic/United-States-Presidential-Election-Results-1788863
https://twitter.com/BTCTN/status/1669150111530622976?s=08
https://www.theguardian.com/us-news/2023/jun/15/mayor-miami-francis-suarez-enters-2024-republican-presidential-race
Affect of bitcoin to elections is peanuts. That's really not the subject majority is interested about, no matter the stance on it. No media is even pushing candinates to have a stance on that as viewers and readers wouldn't be interested on that. So they focus on the hot button issues for majority, those will determinate the winner. I understand that crypto people are interested on that but the fact is that it doesn't matter to most of the people and while it might be a major factor to some of us, it isn't major factor to even all crypto holders that can vote in US.
1436  Alternate cryptocurrencies / Altcoin Discussion / Re: Bounty hunter is considered as investors with a big patience. on: June 21, 2023, 08:36:29 PM
I was joining bounty from year 2017 till present i have experience joining different signature and social media campaign with good  earnings and there are also campaigns that is not profitable  and sometimes there are campaign that doesn't pay, because the project does not reach the hard cap when they launch ICO, most of the projects pays token that is not listed on exchange and we need to wait a months or maybe a year before we can sell our tokens and get the profit and sometimes we also buy tokens from the good projects that we promote and hold, can we considered the patience of the bounty hunter same as the investors patience?
That's not patience. Patience is doing something you have control over. With altcoin bounties, bounty hunters are forced to hold until their tokens are released or listed, and many of them sell right at the first moment it's possible to do so. Sometimes bounty hunters get attached to coins/tokens they are promoting, but mostly it's just for a show. Anti FUD of sorts.

You might be one of those few patient ones who sell them in a years after, but most of bounty hunters will sell under presale prices if necessary. Investors sell when they are in profit or if they want to cut their losses because bounty hunters or someone else is dumping the price. These two groups work very differently
1437  Economy / Economics / Re: SEC fighting for the publics my ass on: June 21, 2023, 08:09:40 PM
So this was the ultimate plan all along....
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For real? Now this will confuse many people that thinks that SEC are fight for the public, I knew they are trying to benefit from.crypto, but some fools still believe that they are trying to save us from the hands of people like FTX, now this is all you are gonna get..

A centralized exchange that's in the pocket of the very government entities, brave to all the SEC supporters out here, and those that are too blind to see a thing, even while Binance exchange was a centralized exchange, the government still don't have the power to take over the exchange, it's why they use SEC ro fight CZ, and now they come out with their shit bag platform.

So the existence of CBDC and now the government crypto exchange, what does this tell you? They want the money, they want the bags, it's why they are mad that they aren't a part of crypto space from the start, it's why they hated the new millionaires that operates exchanges right under their noses..


Now these people can really keep track of your freaking lives and money, congratulations.

It's always about the money and will always be, know this and accept peace.
Seems like too much of a tinfoil hat theory to me. Big invesement companies (not US) are investing into it. They aren't running a custodial exchange nor they are trading securities or anon coins. So comparing this to traditional CEX like binance is pointless. Binance could go same route if they wished, but that ain't their modus operandi. Also i don't think EDX will be offering staking as a service, which isn't even real staking to begin with.

Central Bank Digital Currencies (CBDC) however are whole another issue and not necessary related to crypto in any way. Nor it isn't really in SEC's wheelhouse. So i am not sure how that applies here.
1438  Alternate cryptocurrencies / Speculation (Altcoins) / Re: How quick do altcoins pump in bull run? on: June 21, 2023, 07:53:27 PM
2024/25 will be my first bull run and I have been patiently buying and holding for over a year now.
I congratulate you for your fresh optimism that there will be a bull run then for your alts.

Just wondering for those who were in the last bull run what it was like and how fast prices pump during the peak bull times?
You'll most likely get wrong answers only. But you haven't told us what you are hodling. There's really not any good estimate for that. You can take a look from your coin's history you have from the coinmarketcap. How long took it last time, and after that you just wish it would repeat. It however doesn't do that, history in the chart doesn't repeat itself, it can be similar but not exactly same. Your altcoin might also just die while others grow.

Any advice on how to prepare when it comes to being ready to take profit?
This is always hard. Don't assume you can sell the top. Very few people can. Settle for profit you can get and don't look back that because you might regret selling. Also looking back will most likely make you buy back too early as you think the bear is just a dip.

Best signals to me are delusional people. Influencers popping up everywhere, high level coverage in press of people who made it, jealousity all around and everyone selling will be called fudsters, and everyone around you is telling that you are crazy to sell. And i am now talking a top of altcoin bull market, not just one single altcoin.

Selling in the top reminds me of leap of faith in indiana jones. Your whole body tells you it's insane to sell now, but you need to take a leap of faith to an invisible ledge and hope it holds and you didn't make a mistake by believing in yourself.
1439  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Could the launch of EDX exchange, result in this FUD? on: June 21, 2023, 07:32:39 PM
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The EDX exchange set to launch in a few days, is said to allow trading of bitcoin, ether, litecoin and bitcoin cash.
So, this is the heck of the issue which is a cause of the ongoing FUD and truth revealing moments with Binance, Kraken and other exchanges and decentralized platforms that has been under fire lately.
Any thoughts?
I don't see any issue here, as long as they choose not to trade assets that are classified as securities. Also they are non-custodial exchange so if SEC wanted them down they would need to plan whole new way to attack them.

There's no source on that twitter account's home page. So here's one source:
https://www.investopedia.com/schwab-backed-crypto-exchange-edx-goes-live-announces-funding-7550102

Seems like it's well thought out. As long as they follow rules of SEC, everything is going to be ok.
1440  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will Binance Coin (BNB) reach $1K? on: June 21, 2023, 09:32:57 AM
There has no doubt BNB is best coin and it’s Price will increase day by day. Yes i really Believe that today or tomorrow BNB peice will hit $1k there has no doubt. BNB is a coin of Binance. We all know Binance is world largest crypto currency Exchanger. It’s Trading volume is largest from any others exchanger. So we can easily tell that as BNB is Binance coin it will be must established. Beside it there has a network BSC which Network is most using still now. And BSC network fees are very low. So it being more popular day by day. BNB, BSC network and Binance All are Related so we can easily tell BNB will more popular and will established there has no doubt. Now BNB price  is $240 but it will huge pump when bull market start. I think It's price will hit $1k easily.
That doesn't make much sense.

You just underlined all the points why it's dangerous investment. How all the points you made are signals of centralization, and how is that a good thing?

In any other space but crypto space where permissionless transactions is they key element, you would have solid points with the trading volume of CEX etc. But in crypto it just underlines the danger that it's so much depending on centralized entity.

Actually when you dig a little more deeper, everything falls apart even in traditional investing. Binance is just dealing with most difficult and dangerous attack since the history of altcoins. That would throw the price down even from traditional investng point of view.
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