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1  Bitcoin / Press / Re: Bitcoin takes another huge leap towards Mainstream acceptance on: Today at 04:10:11 PM
So, it's for scrabble game players, right? So that if someone used the word "Bitcoin" no one would argue that there's no such word. Well, whether it's a huge leap or not depends on how much people in the world play this game nowadays. I've tried to research the subject and came across the following numbers:

1. 53 % of all homes in Great Britain have a Scrabble set;

2. Over 150 million games have been sold in 121 countries around the world;

3. Each hour, at least 30,000 Scrabble games are started;

4. A video published on Nov 16, 2017 on YouTube currently has 2,362,473 views.

From all that info the last one is the most relevant because it's up-to-date, while the other three were taken from The Telegraph article dated 2008.

Actually it was hard to find any up-to-date stats for scrabble, so at first I thought the game is not that popular nowadays. But the 2+ million views on YouTube in less than a year shows that there is some popularity.

Let's just hope that addition of the word "Bitcoin" to the Merriam-Webster Scrabble dictionary is a step towards mainstream acceptance. But hardly it can be called "a huge leap".
2  Economy / Economics / Re: Asians are the most bitcoin holders in the world. on: Today at 02:16:57 PM
Although, as some posters have noted, it's impossible to tell exactly where the most Bitcoin holders are from, I think it would be logical to presume that most of them reside in Asia since its population is 4.463 billion, which is much more than 50% of the world population. BTC Volume by Currency doesn't help much in this case, because BTC holders from Asia can still exchange Bitcoin for USD, USDT or EUR. On the other hand, what matters more here is the amount of spare money one can spend on buying BTC. And I'm not sure that Asia takes the leading position in this regard.
3  Economy / Gambling discussion / Re: Free Betting Competition $2000 in Prizes Sponsor: Betking.io (Discussion Thread) on: Today at 12:50:30 PM

- Players will only need to make 1 bet per day in order to receive points on that given day

I like this update. Although I had no problems with 3 bets per day, I understand that it is more feasible for participants to make just one bet instead of three to qualify.

Also, do I get it right that one can skip a day or two and still qualify if the minimum number of bets during the week/month was made? Previously I thought that one has to make 3 bets(1 bet this time) every day, no skipping, to qualify.

- If a player reaches a prize position he will get normal prizes, or 2 or 3 time that normal prize value (depending on the bankroll used)

I think it's fair enough. If a player bets with higher amounts he/she deserves higher prizes.

Don't forget that registration is already open, and we need at least 24 registered entries in order to start this next edition. Right now we only have 6 users and a total of 10 entries.

There are 5 days left, so, hopefully another 18 players will join. Considering the prizes and and the requirements, it's definitely worth joining.
4  Alternate cryptocurrencies / Altcoin Discussion / Re: What is happening now with the market? on: Today at 10:48:41 AM
it begins to slowly stabilize, and I hope soon there will be growth, it will be smooth and without leaps.

Looking at today's market I think we are still far from stabilizing. Most altcoins have lost 5%-10% in 24 hrs. We all know that the price will almost surely bounce back in the next 2-3 days, but that's not what you can call a stable market. It's interesting that some coins, like Bytecoin and Siacoin, are rising while most of others are falling. And I'm wondering are there valid reasons for that? I mean those are not sh*tcoins with $10k-$20k daily trading volume. Siacoin's volume is over $29 million. It's not that easy to manipulate with such coin's price. ... Or it is?

I remember last year when the coffees considered Ripple, Sia and DigiDigiByte started to be pump, and then the entire market was pushed up an alarm, even coin garbage also increased. I'm quite skeptical that this signal can happen again

But for some reasons these things are happening to altcoins even today. Now Bytecoin and Siacoin have lost 3% and 8% respectively, but others, like Zcash and Steem have gained almost the same percentage. And this is happening when almost all the other coins are in red. So far I can't say if this a coincidence (most likely it is), but I will keep my eye on such coincidences in the future.

Still can't understand what makes coins like Steem to rise that much in one day(8%) especially taking into account that they are expecting hardfork tomorrow.
5  Economy / Gambling / Re: ★ Crypto-Games.net ★ 4 Years Old ★ 58.000$ wagering contest ★ on: Today at 10:04:47 AM
Yeah, thanks! Just checked it and indeed the minimum rain amount is 0.00015 BTC which gives you an opportunity to tip, say, 3 players with 5k sats each, if I understand it correctly. This is surely much more convenient than tipping one person with no less than 200k.

Huh, for all the time I've been playing on this website, I never knew that you could rain to other people.
Gotta remember that if I ever start gambling again, there have been many times where I've thought about tipping someone, but didn't because of the high minimum tip.

Still learning something new about CG after all these years Tongue

You can't rain directly to other players. The !rain command has a lower minimum, but the funds go to RainBot.

Gotcha, Betwrong's response made it seem as though you could rain directly to a certain number of players.
Maybe that's actually what he meant...

Already knew that you could donate to rainbot.

At the time of writing I though it was possible to rain on certain players and that the minimum amount was 0.00015 BTC because I checked that by typing !rain in the chat box and pressing ENTER. But today when I did the same(as I thought) I got this message:



At first I thought, "Have they changed the minimum to 0.01 BTC, or is it a bug?" But then I remembered that I wrote a certain amount and the name of coin, not just the word "!rain". So, yes the min amount you can rain with is 0.00015 BTC, and for other coins, like PeeCoin for example it's even less, because you can rain with as low as 0.2 PPC which is equivalent to just 0.0000334 BTC. Smiley



This is of course a very nice feature, but I still think it would be great if it was possible to tip certain players with such small amounts.

6  Economy / Gambling discussion / Re: Gambling addiction becomes more popular with young people over time on: Today at 08:30:22 AM
~
Young generations are exposed early to internet especially to online games or online casinos. At their young age,they become addicted to it and it also lead to distraction to them so they cannot focus in their studies. Unlike 90's kids, there are no online games yet. They used to play their toys, dolls, meet other kids like their neighborhood and bond with them.

This almost made me laugh. Only it's not funny that adolescents of the 90's were not even close to what you've described. Ever heard of drug and alcohol use? What about ultraviolent youth gangs spawned in the cities of Europe and America during the 90's? What about very young people engaging in mindless sex in order to show to their peers that they are "old and brave enough"? No, they weren't playing dolls and toys, and what would be worse for them, online gambling or the above mentioned activities is a big question.
7  Bitcoin / Press / Re: [2018-09-23] In Argentina, Investors Flock to Safe-Haven Bitcoin on: September 24, 2018, 03:27:49 PM
Although the graph in the article shows rising in weekly trading volume of BTC against Argentine peso(ARS), this volume is still very small compared to that of other National Currencies. Currently the daily BTC/ARS exchange volume takes 48th place with only 0.0001 % of the total trading volume. For those who are interested in more detailed information here's the link:

https://www.coinhills.com/market/currency/

Certainly there can't be any impact on Bitcoin price, considering that the volume is so low.

It seems like they only track Localbitcoins. Are there not any centralized exchanges, or other P2P exchanges in Argentina? I'd agree, volume looks too low to have an effect on the broader market.

Yes, it looks like Coinhills is only tracking Localbitcoins for Argentina. But still they are not far from the truth. According to a recent article on Cointelegraph:

Quote
Argentina is only the 45th biggest market in the world for Bitcoin, despite having the sixth highest rate of inflation in the world.

So the volume is still very low to have any impact.


But if the Central Bank of one of the wealthiest countries in Latin America will start buying BTC diversifying their currency reserves, the situation may change significantly. We'll see.

Any source for these rumors about Argentina's central bank? I've seen this mentioned a few times, but never seen a source for it. Color me skeptical. Smiley

The source is this very article in the OP. Smiley Here's a quote from it:

Quote
At the same time, the Argentinian Central Bank is considering diversifying their currency reserves into BTC.

I haven't managed to find more reliable sources though. Found several sites mostly reposting the same news. I suppose some official info can be in Spanish, and that's why I can't find it.
8  Economy / Economics / Re: Differences between the developed countries and developing countires on: September 24, 2018, 02:12:51 PM
Lets get discuss about the differences between the developed nation and the developing nation.

First of all employment is the thing which makes the countries stand out from each other in well developed nation there will be enough employment option will be made by their government according to the population on their country which can increase the better standard of living in that countries but the developing nations are struggling to find the job opportunities for their people.


In many cases the worst thing about developing countries is not that they don't have the money to pay people for their work, especially in public sector, but that the money is constantly being stolen by corrupt officials. All of us have seen the stories of millionaires from developing countries where most people are very poor. Those millionaires are, in fact, either former or current corrupt officials or their relatives. The only hope for countries like that lies in implementation of blockchain technology in the government sector. If the movement of all taxpayers' money was absolutely transparent it would be almost impossible to steal from the money.
That is why most of the governments were opposing the blockchain and bitcoin,if it got implemented then all the transactions will be accessible by everyone and it is impossible to change any values.As you said most of the developing nations don't have the right politicians or educated one who can think about future of their country,all they were doing right now is just filling their pockets with our tax money and left the government account with none for the improvement of their country.

Yeah, but they can't be openly that bad. The governments justify their unwillingness to implement blockchain technology. They say to their citizens that it is a dangerous thing used by terrorists, drug dealers and other criminals, and that's why many people still perceive it as such. Hopefully this situation will not last long because, in fact, it is used less and less by criminals and more and more by respected organizations, and the governments will have no other choice than implementing it.
9  Economy / Gambling discussion / Re: Free Betting Competition $2000 in Prizes Sponsor: Betking.io (Discussion Thread) on: September 24, 2018, 12:00:54 PM
I absolutely agree with this. I've just registered for the new competition, hope I'll be more lucky next time. Smiley

I have a question about the minimum bet. As far as I understand, it should be not less than 10% of your balance. So, if my balance is 32,000 sats should my minimum bet be 3,200 sats or should it be 7,000 or 8,000 sats? Asking because I thought that min bet was 8k sats, but I saw in the Leaderboard that for some participants it was 7k sats or maybe even less than that.

It's not 10% at all. It's quite less actually.
As stated in the rules, a bet needs to have a stake between 1% to 5% of current bankroll.

The reasons why you saw different stakes for different users, is because the stake is always based on current bankroll, and you current bankroll changes according to your profit and losses during the competition.

Here is an example:
- You start with 8mBTC bankroll. Bets here need to be between 0.08mBTC (1%) and 0.4mBTC (5%)
- You win some bets and your current bankroll is now 10mBTC. Bets need to be between 0.1mBTC (1%) and 0.5mBTC (5%)
- You lose some bets and your current bankroll is now 6mBTC. Bets need to be between 0.06mBTC (1%) and 0.3mBTC (5%)

Hope this makes things clear!

If you have any more questions, please let us know.

Thanks! Yeah, this makes things clear about the lower limit for a stake. But now I have a question about the upper limit. You said:

Quote
As stated in the rules, a bet needs to have a stake between 1% to 5% of current bankroll

Does it mean that if my current bankroll is 0.32 mBTC and I make a bet with 0.1 mBTC it won't qualify for the competition because a stake have to be not higher than 5% of my current bankroll, or not higher than 0.016 mBTC?

I'm pretty sure that during the previous competition all my stakes were 10% of my bankroll and above and they were considered as valid ones because I was receiving points. So, this part is unclear to me.
10  Alternate cryptocurrencies / Altcoin Discussion / Re: What is happening now with the market? on: September 24, 2018, 10:21:29 AM
it begins to slowly stabilize, and I hope soon there will be growth, it will be smooth and without leaps.

Looking at today's market I think we are still far from stabilizing. Most altcoins have lost 5%-10% in 24 hrs. We all know that the price will almost surely bounce back in the next 2-3 days, but that's not what you can call a stable market. It's interesting that some coins, like Bytecoin and Siacoin, are rising while most of others are falling. And I'm wondering are there valid reasons for that? I mean those are not sh*tcoins with $10k-$20k daily trading volume. Siacoin's volume is over $29 million. It's not that easy to manipulate with such coin's price. ... Or it is?
11  Economy / Gambling / Re: ★ Crypto-Games.net ★ 4 Years Old ★ 58.000$ wagering contest ★ on: September 24, 2018, 09:09:12 AM
Congrats to player Kelsie080 for this amazing x650 hit on plinko!
~img
Catch the winning spirit!

Congrats to Kelsie080 on winning 3.984 BTC! I myself always play with the yellow button on Plinko because only thus you have a chance to hit 650x. Never hit it yet, but I'm never losing my hope. Smiley

Yesterday I was playing Video Poker and was so lucky to hit 4 of a Kind with 120k PlayMoney bet:

~img

Since I normally don't gamble with big amounts, 2,400,000 PlayMoney, or roughly $3, is a pretty good win for me. So I decided to tip couple of people who congratulated me on my win in chat. But it turned out that the minimum tip amount is 0.002 BTC. Well, obviously I can't tip someone with $13 for congratulating me on winning $3. Smiley You can always use rain ,as i can recall minimum is really low ,and is also the most respectful way to celebrate and share as gambler with all others

Yeah, thanks! Just checked it and indeed the minimum rain amount is 0.00015 BTC which gives you an opportunity to tip, say, 3 players with 5k sats each, if I understand it correctly. This is surely much more convenient than tipping one person with no less than 200k.

12  Economy / Gambling discussion / Re: Gambling addiction becomes more popular with young people over time on: September 24, 2018, 08:00:48 AM
~
Excessive effort to make money. If you run out of money, gambling addicts won't stop. He would instead look for ways to earn more money, even in an excessive way. The most extreme way to try is to borrow money from loan sharks or steal.

We are talking about adolescents here,  young people between ages 10 and 19. In most cases people from this age group are living with their parents and they don't need to earn money for buying food, paying bills etc. They just want to become like adults as soon as possible, and that's why they engage in activities like drinking alcohol, taking drugs, gambling etc. That's what "cool adults" do from their point of view.

The urge to participate in risky activities is an intrinsic part of moving into adulthood. Take gambling from them, and the same adolescents will start doing drugs, alcohol, engage in random sex etc. Also, they are extremely sensitive in this age, so you can't fake it for them, you can't just feed them with "simulated gambling and other forms of gambling-like behaviors", like the article suggests, because that would be a pill they won't swallow. They need something real. They want to do something what adults really do, and not just average adults, but the most daring ones, from their point of view.

In short, eradicating a problem, gambling in this instance, you can cause more problems to emerge, which are more severe than the eradicated one. So, forbidding your child to gamble or to drink beer, think twice with what he/she can replace it.
In my opinion the main reason for this is online gambling because now there is no need to go to a physical casino and back to home late at night. Your elders will definitely ask you where are you coming from. On the other hand even a student can play online gambling from his bedroom and nobody will know about it. Online gambling provided them this facility and thatís why the number is increasing day by day.

If they weren't into gambling they would ... Please read my post, which you have quoted. It's not a matter of whining about increasing number of young gamblers. This is a serious and complicated problem which we are trying to solve here.
13  Bitcoin / Press / Re: [2018-09-23] In Argentina, Investors Flock to Safe-Haven Bitcoin on: September 23, 2018, 03:44:29 PM
Although the graph in the article shows rising in weekly trading volume of BTC against Argentine peso(ARS), this volume is still very small compared to that of other National Currencies. Currently the daily BTC/ARS exchange volume takes 48th place with only 0.0001 % of the total trading volume. For those who are interested in more detailed information here's the link:

https://www.coinhills.com/market/currency/

Certainly there can't be any impact on Bitcoin price, considering that the volume is so low. But if the Central Bank of one of the wealthiest countries in Latin America will start buying BTC diversifying their currency reserves, the situation may change significantly. We'll see.
14  Economy / Economics / Re: Differences between the developed countries and developing countires on: September 23, 2018, 02:07:02 PM
Lets get discuss about the differences between the developed nation and the developing nation.

First of all employment is the thing which makes the countries stand out from each other in well developed nation there will be enough employment option will be made by their government according to the population on their country which can increase the better standard of living in that countries but the developing nations are struggling to find the job opportunities for their people.


In many cases the worst thing about developing countries is not that they don't have the money to pay people for their work, especially in public sector, but that the money is constantly being stolen by corrupt officials. All of us have seen the stories of millionaires from developing countries where most people are very poor. Those millionaires are, in fact, either former or current corrupt officials or their relatives. The only hope for countries like that lies in implementation of blockchain technology in the government sector. If the movement of all taxpayers' money was absolutely transparent it would be almost impossible to steal from the money.
15  Economy / Gambling discussion / Re: Free Betting Competition $2000 in Prizes Sponsor: Betking.io (Discussion Thread) on: September 23, 2018, 11:50:16 AM
@Omikifuse thanks we will use that one for the monthly prize

Betwrong So you would just like to focus on Daily Prizes?
Well I understand that could work for the reasons you've mentioned, but I think we can't really forget the long term as well, since betting is all about that. We try to have something for all, and that's why we have really short term prizes (like the Daily Challenges), and then we have Weekly prizes, so that users can have a fresh start every week, and then that extra bonus, for those that did really well during the month.

If you look at our prize distribution, we are spending more on Daily Prizes, than we are on monthly prizes. For example, Bolt Brownie won 11 daily Challenges for a total of $110. He also managed to get $55 from weekly prizes, but he clearly went for the Daily Challenges, so we are already offering some fast prizes for our participants.

Right now we have something for short term, middle term and long term, where our main focus is obviously the middle term, since we put most of our prizes on our Weekly Competitions (A total of $1480 per month).

We can reduce or even remove Monthly prizes and put a little more on Daily Prizes, but I think that would remove a lot of the fun, since it would make things easier, and I guess that bettors should be rewarded for an entire month of good bets.

If most of our users want that, we can try to change the prize distribution, so let us know what you prefer.

I absolutely agree with this. I've just registered for the new competition, hope I'll be more lucky next time. Smiley

I have a question about the minimum bet. As far as I understand, it should be not less than 10% of your balance. So, if my balance is 32,000 sats should my minimum bet be 3,200 sats or should it be 7,000 or 8,000 sats? Asking because I thought that min bet was 8k sats, but I saw in the Leaderboard that for some participants it was 7k sats or maybe even less than that.
16  Economy / Games and rounds / Re: Free Betting Competition $2000 Prizes, Sponsor: Betking.io (REGISTRATION Thread) on: September 23, 2018, 11:41:24 AM
Hi!

I want to re-enter the Competition.

Username: Betwrong

Thanks! Smiley
17  Economy / Gambling / Re: ★ Crypto-Games.net ★ 4 Years Old ★ 58.000$ wagering contest ★ on: September 23, 2018, 10:39:48 AM
Yesterday I was playing Video Poker and was so lucky to hit 4 of a Kind with 120k PlayMoney bet:



Since I normally don't gamble with big amounts, 2,400,000 PlayMoney, or roughly $3, is a pretty good win for me. So I decided to tip couple of people who congratulated me on my win in chat. But it turned out that the minimum tip amount is 0.002 BTC. Well, obviously I can't tip someone with $13 for congratulating me on winning $3. Smiley

Earlier I was convinced here that the minimum exchange amount, equivalent to 0.001 BTC, is not that big and I said that that was all right with me. And now I have a similar question regarding the minimum tip amount. Smiley
Is it really so dangerous to make a minimum tip, say, 1k sats?

I mean, of course I know about the possibility of faucet abusing. But are there no other ways to deal with that, apart from increasing the minimum tip amount?
18  Economy / Gambling discussion / Re: Gambling addiction becomes more popular with young people over time on: September 23, 2018, 09:51:10 AM
The urge to participate in risky activities is an intrinsic part of moving into adulthood. Take gambling from them, and the same adolescents will start doing drugs, alcohol, engage in random sex etc. Also, they are extremely sensitive in this age, so you can't fake it for them, you can't just feed them with "simulated gambling and other forms of gambling-like behaviors", like the article suggests, because that would be a pill they won't swallow. They need something real. They want to do something what adults really do, and not just average adults, but the most daring ones, from their point of view.

In short, eradicating a problem, gambling in this instance, you can cause more problems to emerge, which are more severe than the eradicated one. So, forbidding your child to gamble or to drink beer, think twice with what he/she can replace it.
19  Alternate cryptocurrencies / Altcoin Discussion / Re: What is happening now with the market? on: September 22, 2018, 01:40:15 PM
Almost every time the market goes red all alts dropping for no valid reasons except for the big dumps. Take today's situation. The news are mostly positive, there are more and more new adopters, and yet there are regular drops in price of all the altcoins. I think apart from the obvious sh*tcoins all the other will recover, but no one can tell when. Well, actually we can say when, but we can't say the exact date. The market will recover when whales will either run out of most of their coins or will decide to stop selling for a while to let the price naturally rise due to wider adoption.
20  Bitcoin / Press / Re: [2018-09-20]A Big Vulnerable Bug in Bitcoin Software Could Have Indeed Crashed t on: September 22, 2018, 12:16:03 PM
Here's another, updated, article on the subject:

https://www.coindesk.com/the-latest-bitcoin-bug-was-so-bad-developers-kept-its-full-details-a-secret/

What I can't understand is that why do they keep saying "the bug could have been exploited to print unlimited bitcoin" while in fact, even if that happened all those "fake Bitcoins" would be destroyed and thus no harm would be done? What am I missing here?
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