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741  Bitcoin / Bitcoin Discussion / Re: Will the government accept it? on: November 26, 2020, 11:47:06 PM
1. In most countries the major banks are usually run by the government, so it's unlikely that the govs will want the banks abolished (they'll lose both money and the ability to track money flow)

2. That depends on their attitude toward cryptocurrencies. If they see it as a currency - they won't charge any taxes, because how can you put taxes on a currency? That's nonsense. However, I doubt that'll be the case. In the US the IRS considers cryptocurrency as assets, rather than currency and I think other countries hold the same view. 

3. I think the government itself is the major source of corruption and so far they've succeeded in it even without cryptocurrencies, so it's more of a moral question: will they allow the corruption to go on, or will they finally try to do something about it. Bitcoin can be traced, we all know that, so it's only a matter of willingness.

And regarding this:
This means that there is no need for a third party in this process.

In the meaning of transactions, it's not like there's absolutely no third party, don't forget that transaction fees go to the miners, so, in a way, they're the third party.
742  Economy / Gambling discussion / Re: Casino workers forced into unpaid leave on: November 25, 2020, 09:31:38 PM
Now we can see a perfect example that demonstrates huuuge privileges of online gambling and casinos in particular. I bet not only they aren't facing a crisis, while everyone else is, but are actually gaining more revenue now, because the gamblers never stopped playing, right? They switched to online  Lips sealed

Yes and no! Casinos in South East Asia are heavily dependent on tourists. If no one travels, there are no customers. The local population doesn't gamble a lot, firstly because they can't afford it (especially not at the present time) and also such casinos are specially designed for western or Chinese customers.
That's exactly my point! Online casinos were never dependent on tourists and that's why they aren't suffering from customer shortage now. In the meantime, gamblers that used to play in physical casinos will keep on playing, only now for that purpose they'll use online platforms. And it happens all around the world now, so it's only logical to assume that their revenue grows.
743  Economy / Gambling discussion / Re: Poker Probability on: November 25, 2020, 05:33:29 PM
Knowing these probabilities might be helpful to assess your exact chances of beating the opponent, however, I don't see much point in memorizing or copying them somewhere and keeping in sight during the game (maybe if you're a beginner). The thing is - if you're a regular player you realize all that intuitively. For instance, I never had a clue what's the probability of being dealt a pair or three of a kind, but it has always been obvious that the latter one is much cooler Cheesy

On the contrary, I think that some kind of dynamic probabilities may come in handy. I mean some kind of guides or calculators (even better) that would show you how the probabilities of holding a certain card will change depending on your decisions (especially useful when you decide whether or not to discard your cards, and if yes - which ones), because in this case, things might be less apparent. Sadly, I've never seen anything of the like.
Remember that sometimes it doesn't depends solely on the cards sometimes bluffing and other strategies do matter on most of the circumstances. I don't have to memorize all of this too but it comes in handy if you're that genius or if you have much time thinking what are the other cards of your opponent is holding which I think is very rare to happen.

I don't even know how to used the mathematical probability of playing a poker cards. What i know was that you should have the smallest amount of cards in hand to be able to win the game. Well it so happen that sometimes or even always you may get a set of cards where you can't make a set of flush, royal, or straight plus and this is where you can apply your strategies and tactics to manipulate your card that's why memorizing of all of this might not useful to me.

If you think that playing poker will be hard for you, you don't have to try to play it. Learning poker is not easy because you need to know how to make a match of the card. I don't know about the poker game, so I don't play that game, but what I believe in a poker game is if you know the game better than the other people, you will have more chance to win because you can have a good card from the other player.

Hey, don't scare away the newbies Cheesy

Poker rules aren't that hard, after all, I've learned to play five-card poker at the age of 11 and even then it didn't seem like something complex. After a while, I tried taking part in poker tournaments, but they were mostly Texas Hold'em and I wasn't familiar with the rules. Even though in tournaments everything happens quickly and you have to think fast I got the hang of things after 3-4 games. The best way to learn something - is to learn it through practice, imo.
744  Economy / Games and rounds / Re: 💥💥 Roobet.com | Guess The Slot #73 | $200 prize pool | Level 5 💥💥 on: November 25, 2020, 02:30:19 PM
Neurologist
745  Economy / Gambling discussion / Re: Life, gambling and trials. on: November 24, 2020, 11:48:52 AM
... Winning is part of the game, so is losing. I wouldn't recommend to spend all your winnings straight away. Better to save some in case you lose next time.

This is especially true when what you won was in BTC. Once I got lucky and won more than 0.0015 in one shot with a high multiplier on a dice site, and left it there and forgot about it because the min withdrawal there was 0.002, and my balance was a little bit lower than that. Also, the amount wasn't that significant, around $7 or $8 at the time. After a long break, I visited this site recently and I saw $35 in BTC on my balance! Shocked

You are making your winnings as an investment, left on the site and it grows.
That is the problem in some gambling sites set withdrawal limits, instead of having our winning it lefts stuck on their site, and sooner or later, that money will be getting back to them as we continue betting and gambling looking for another jackpot. I see this as a reason for the gamblers who have only small capital to lose it all instead of enjoying it if ever they won.
It wasn't a problem for me in this particular case. If I had the opportunity to withdraw it right away, I'd withdrawn $8, and the whole event would be forgotten a long time ago. But now my balance is nearing $40, thanks to the bitcoin upsurge!
746  Economy / Gambling discussion / Re: Poker Probability on: November 24, 2020, 12:21:26 AM
Knowing these probabilities might be helpful to assess your exact chances of beating the opponent, however, I don't see much point in memorizing or copying them somewhere and keeping in sight during the game (maybe if you're a beginner). The thing is - if you're a regular player you realize all that intuitively. For instance, I never had a clue what's the probability of being dealt a pair or three of a kind, but it has always been obvious that the latter one is much cooler Cheesy

On the contrary, I think that some kind of dynamic probabilities may come in handy. I mean some kind of guides or calculators (even better) that would show you how the probabilities of holding a certain card will change depending on your decisions (especially useful when you decide whether or not to discard your cards, and if yes - which ones), because in this case, things might be less apparent. Sadly, I've never seen anything of the like.
747  Economy / Gambling discussion / Re: Casino workers forced into unpaid leave on: November 23, 2020, 09:23:17 PM
Now we can see a perfect example that demonstrates huuuge privileges of online gambling and casinos in particular. I bet not only they aren't facing a crisis, while everyone else is, but are actually gaining more revenue now, because the gamblers never stopped playing, right? They switched to online  Lips sealed
748  Economy / Gambling discussion / Re: Argentina raises Gambling tax on: November 23, 2020, 08:00:05 PM
I think that's a pretty fair move, considering that Argentina used to have one of the lowest tax rates on gambling (compare to the US winning taxes around 20% and 15% in the UK). It's understandable that the government wants to benefit more to recover its economy, especially now.
 
However, they probably should've done it gradually, as such a sharp rise in taxes might be ok for large companies, but will most likely adversely affect medium and small business.
749  Economy / Gambling discussion / Re: Lost more in the process to recover ? on: November 23, 2020, 03:20:05 PM
Well, that is the point of this thread. They are always thinking that gambling more could lead them to a better future, for better wins and better profits although it is not that easy and it is not the results they are getting in the end. It is like quicksand, to be honest, the more you move, the more you struggle, the more you will be falling into it.
This is a good analogy!

Thank you for that.


You're welcome! Smiley


3. "Lighten the load" means don't even read gambling related articles or watch gambling related movies.

This could also mean that you need to lessen the bets you are making. Baby steps as they always say.

I thought about that and was going to write almost exactly the same words, but then changed my mind because "lessen the bets" would still mean betting, while the aim was to stop betting completely.


4. "Grab on to something" means find something else to be entertained with instead of gambling.

This is the most important to gamblers that wanted to stop their addiction. Grabbing on to someone for me means finding that will, that main reason why you need to stop gambling. This will be the root of your desperation to stop gambling.

What I meant was another than gambling activity, but I like the idea of finding the will to stop gambling.


5. I can't come up with an analogy to "Lean back and wiggle your feet". Smiley

I think that just means that you need to avoid doing bets, try to avoid it as much as you can and the wiggle part can also mean do something or other things like maybe bonding with your family or entertaining yourself with other things, not just gambling.

Yessss! Now, when I read 4. and 5. it reminds me of the first two rules of the Fight Club, but I like it! Smiley Important rules must be duplicated.
750  Economy / Gambling discussion / Re: Life, gambling and trials. on: November 23, 2020, 02:22:41 PM
... Winning is part of the game, so is losing. I wouldn't recommend to spend all your winnings straight away. Better to save some in case you lose next time.

This is especially true when what you won was in BTC. Once I got lucky and won more than 0.0015 in one shot with a high multiplier on a dice site, and left it there and forgot about it because the min withdrawal there was 0.002, and my balance was a little bit lower than that. Also, the amount wasn't that significant, around $7 or $8 at the time. After a long break, I visited this site recently and I saw $35 in BTC on my balance! Shocked
751  Economy / Gambling discussion / Re: Player protection - stop loss limit on: November 22, 2020, 08:26:37 PM
Player protection-stop loss limit? This is just a talk from the owners. They are into business, why they should have to care about it and don't let them play according to its limitation? If I am the owner, I will let them play over-time. I think this an advantage over these players who want to gamble. We are making money from them, everyone is welcome as long as they want to gamble. It is not our responsibility and we are conscience because they lose, that's their choice and we just provide what they want.
I agree, that sounds more like an advertisement to attract more clients, than an act of carefulness. However, wouldn't gambling sites be interested in having steady customers? And some loss-preventing programs might help them to keep old customers in the game because they won't be broke after just a short period of playing. Plus this can be an influencing factor, that'll make gamblers advise a certain website to friends.
752  Economy / Gambling discussion / Re: Lost more in the process to recover ? on: November 22, 2020, 04:30:45 PM
...the best thing to do when this things happen is to pack up stop and enjoy your winnings.

This is the problem to most of gamblers I know. They are thinking that it is their win, that they should stop and go home. I agree that they should stop but that is not their win, they are just taking back their losses. They took back the money they lost, how is that a win? You win bets maybe, but the money? It is not a win.
...But many gamblers don't operate as such, they rather continue with their gambling for more winnings which might lead them into coax.   

Well, that is the point of this thread. They are always thinking that gambling more could lead them to a better future, for better wins and better profits although it is not that easy and it is not the results they are getting in the end. It is like quicksand, to be honest, the more you move, the more you struggle, the more you will be falling into it.

This is a good analogy!

I think we can utilize the advices from this video, How to Survive Falling Into Quicksand, with some adjustment, of course.

1. Unlike in the movies, in real life it's quite rare to sink into the quicksand up to the neck. In relation to gambling, "up to the neck" means you can't stop compulsive betting by yourself, and you need a professional help. It happens, but it's rare.

2. "Stop moving" means stop playing. You might think you could recover your losses by playing further, but in most cases your losses just keep growing.

3. "Lighten the load" means don't even read gambling related articles or watch gambling related movies.

4. "Grab on to something" means find something else to be entertained with instead of gambling.

5. I can't come up with an analogy to "Lean back and wiggle your feet". Smiley

6. "Call for help" means tell your closest friends you want to fight your gambling addiction. They will help you.

I hope watching the video along with reading my comments will help at least someone to "safely return to the surface".


753  Economy / Gambling discussion / Re: Multiplayer vs single player games on: November 22, 2020, 03:29:15 PM
I personally find multiplayer games sort of distracting, especially with the chat - I never get it, how do you people manage to think about your bets, concentrate on the game and simultaneously comment on what you do? I get that gambling is supposed to be social, but often you can feel people being happy for your failures, even though sometimes there is compassion and some might even tip you after unlucky bets - that's a rare thing.
The only gambling game where I enjoy company is poker, especially tournaments, I find them fun  Smiley
754  Economy / Gambling / Re: 1XBIT.COM ᐉ Bet online ᐉ BTC Betting ᐉ Online betting odds on: November 22, 2020, 02:43:31 PM
I am surprised they are still operating here. One scam report after another, accounts will be closed if you win too much and still dare to post here.
Then you have to have guts and be very cheeky.

At first, I thought maybe they got new owners and wanted to restore their reputation.

But then I went through the latest posts in this thread and found this

https://bitcointalk.org/index.php?topic=5267172.msg55442527#msg55442527

I don't know, until this case was resolved I wouldn't start posting anything else, being in their position.
755  Economy / Gambling discussion / Re: Life, gambling and trials. on: November 22, 2020, 01:14:08 PM
While i keep on telling my self that gambling is just for fun Yet when i am sitting in the table i tend to forget it and focus in betting with seriousness .


That's a big problem mate, it means you are not in control of yourself, you are prone to making mistakes so be careful and be aware of the big risk. As a gambler, we need to learn how to manage the risk because we know that there's really a risk, we might treat it for fun or serious with it, it's okay as long as we know how to manage the risk.

Simply put, we should never risk more than we can afford to lose. Even when the chances of winning are 99%, risking significant amounts is not advisable. On the other hand, sometimes, when we have a minuscule chance of winning, we can still spend a dollar or two on a lottery ticket, because what matters most is not the win chance, but the amount we put at risk.
756  Economy / Gambling discussion / Re: Do you believe NBA is rigged? on: November 22, 2020, 12:17:59 PM
Of course, if it were rigged, it would be a disadvantage to us bettors. All our attempts of researching would become pointless. But the good news is that it's not rigged. Smiley And my vote went for NO.
It would be if we are following what the public think, if games are rigged, that should be in favor against the public as public bets are bigger, or we can expect that it's the favorites that will lose if games are rigged. There's a lot of ways of rigging games, it could be in the straight up result, point spread, and even in total.


Since the 2007 NBA betting scandal there were no serious accusations against the NBA, and even that case didn't imply the games were rigged.


I still see some of the conspiracy theories in youtube videos, but it remained that way

The conspiracy theories sometimes fun to read/watch about, but I can't seriously consider them when there are no real proofs. In my opinion, there's too much money involved, hundreds of millions USD, in advertising during NBA games to risk losing it by trying to rig the games.
757  Economy / Gambling discussion / Re: Gambling Gang uses crypto for illegal purposes on: November 22, 2020, 02:05:39 AM
I think the real problem here is that gambling, as well as cryptocurrencies, provides people with freedom and the Chinese government wouldn't that, right? They just fear the possibility of common people getting rich and independent because that might destabilize their system. You seem surprised that they accuse of "conspiracy against their nation", but I think it sounds exactly like the thing the communist government would say about people, who threaten their system.
758  Economy / Gambling discussion / Re: How fair is Provably Fair? Do you verify every bet as a gambler? on: November 22, 2020, 12:28:36 AM
I'm not believing in to probably fair system because in real life there are less possibility for continue losing streak but in almost all the to gambling houses continue losing streaks are happening most commonly. This makes we need much more improvements/developments to fine-tune so that those provably fair mechanism will be actually fair for all of us.

Honestly I'm not familiar with SHA algorithms and hashing or unhashing things which makes me unable to verify my betting.
I believe gambling houses must work on simplifying these things so that even non-computer literature people also will be able to verify them with just one click.

If you don't believe in provably fair - you probably don't understand it. This system is, perhaps, the only thing that can actually verify that a certain gambling website isn't a scam. When online casinos first started appearing lots of them were scams and back then it would be wiser to trust real-life casinos over virtual ones. But now it's quite the opposite, thanks to provably fair.

I'll try to explain it as I understand it and make it as simple as possible. Imagine that you're playing a game where you, say, have to guess a word, you tell what's your guess to a certain person and he'll then tell you if your guess is right or wrong. But how do you know if he isn't lying? In order to prove his fairness, he's holding a tablet with the encrypted right answer and, let's say, there's a certain encryption algorithm named "HAAA" that encrypts letters in numbers. And then, for instance, the word is GRASS and after performing the "HAAA" encryption you only see a set of numbers. Let's say, the following equivalents are designed within the algorithm: G is 8, R - 2, A - 4, S - 9, so what you see on the tablet is 82499 - the result of encryption. But the example I gave you is very simple and one might think that anyone can get the right answer from the numbers, but here's the coolest and very important thing about SHA256 - it only hashes one-way: you can encrypt with it, but you can't decrypt. So, what you need to do next is to go to a trusted third party that does encryptions and ask them to encrypt the word GRASS with the "HAAA" algorithm and see if they get you the set of numbers that was on the tablet. If the numbers are the same (82499 in this case) - it proves that the word was GRASS.
That's about it, hope you'll believe it now Wink
759  Economy / Gambling discussion / Re: Life, gambling and trials. on: November 21, 2020, 06:31:49 PM
I think of positive things in this thread, I read your experiences / ways of managing money from gambling, I am proud that you have positive motivation to use your gambling winnings.

There are several points that can be taken from all of you, the money from gambling can be used for things that can be profitable for me, l don't have to waste it elsewhere, this is what friends are for sharing ideas in managing gambling winning money.

So far I have never done gambling positively, for me my money is used in the wrong place and is wasted carelessly, maybe it's a good experience i'm asking about this situation.
I really thank you all.
In the future, perhaps, if I win in the gamble, I will use it accordingly.
Regards.

May you win big, and use the money for the things that will make your life brighter!

I also hope to win big money one day, but I think only some kind of lottery can bring me that. Other games demand to risk big in order to have a chance to win big, and I don’t want to risk big. Smiley
760  Economy / Gambling / Re: Roobet.com | Crypto’s Fastest Growing Casino 🦘 on: November 21, 2020, 04:12:02 PM
Hey guys, playing Reactoonz slot these days. I played both part I and II. Both of them are just wonderful to play and earn handsome profits. I find it most interesting slot since it is far far simpler to understand as to when you will earn good bucks. For example after awakening the energizer and monster. It's so much addicting.

Please add more slots like these. What I mean is, there should be more "target related" slots.

In others it's bit complex to understand what's going on, at least to me. Lolz. :-)

Thanks for amazing casino!!

I personally find the chaos of some slots entertaining. When you get some amazing multipliers out of nowhere, isn't that great? Smiley I mean, in dice you know exactly what you are aiming for. You can't get a 1000x multiplier while hunting for 10x on dice, but with slots anything can happen.
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