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821  Alternate cryptocurrencies / Altcoin Discussion / Re: How to tell if a new coin is worth investing in! on: August 19, 2023, 07:11:17 AM
If a coin introduces a completely new technology that enables a different function and is sustainable in the long term, does it have the potential to be a worthwhile investment?
It depends on what this "new" tech is. I mean, look at NFT, it was completely new and innovative back then but look at what happened. Look at what it's users made the scene be. While the idea was there, it basically ruined the market. Early on though I guess it was a good investment since literally everything was new, and the market was booming so you can get away with making a profit off of something no matter how bad it was.

Just that, there's a LOT of worthwhile investment, idea-wise. Execution wise? They just run away really, scam their investors and get some bit of money off of that.
822  Alternate cryptocurrencies / Altcoin Discussion / Re: What sign should be noticed before investing new altcoins? on: August 19, 2023, 01:42:52 AM
Everyone including newbies are busy with old altcoins. And it is always advised to ingore new altcoin! But if none of us don't invest in new altcoins, then how will altcoins successful without any investors? Thus all new altcoins will be flopped???
Whatever new altcoins are risky what is known to all but what sign should be noticed before investing altcoins?
I think no one said to ignore new altcoins? They were just warned since newer altcoins have higher risk ratio in comparison to old and well-reputable altcoins. New investors should build up their portfolio and the best way to do that imo is to start with well-trusted coins, and then deviate from there slowly since you'd have a passive way of being able to maintain your money.

While thrusting yourself into the newer altcoin market could bring in a lot of profits if done well, newbies don't know how to do it in the first place. It wouldn't be any different from gambling if they just entered and invested in any altcoin they'd see that would look like would grow, especially if you consider how a LOT of new altcoins are just scams, or will end up to be scams.
823  Economy / Gambling discussion / Re: Gambling by financial dependents. on: August 18, 2023, 11:53:37 AM
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A tad bit too early, but I guess I was the same really. I started gambling when I was in late high school, nothing too big or even official really. If you've seen a few of my past history, I started gambling in high school with my friends, but it never went outside of that. If he can manage his spending, and if his mother is actually going to help with that instead of actively just stopping it, then I reckon everything should be fine. If they have conflicting opinions and never meet in the middle though, it might create a rift between the two.
824  Economy / Gambling discussion / Re: A person who won 600k$ in lottery on: August 17, 2023, 11:00:15 PM
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It may also have something to do with the lack of perception some people have when comes to money and the meaningful of it. Let me elaborate:

In our daily life we manage certain amounts of money and we are well aware of what those amounts are supposed to mean. A hamburger can cost 5$, a bottle of water about 0,5$-2$, etc. But then we turn on the TV and we hear about governments doing investments and plans for 1 billion $ or we see on the news on your phones that Apple may sue another company for 20 billion $. We only hear those sums of money and we don't truly know what they represent.

With that mind set, someone who wins the lottery and becomes a millionaire is someone who does not know what their new money is capable of, they may think that they can buy anything they want and go into a spending spree, not realizing that a big house in a developed country may be worth a couple of millions by its own. So they spend and spend without realizing the true magnitude of their wealth, and before they even realize, they have to fill for bankruptcy.
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I agree. I've had some instances of this happen to me, it was when I first managed to make a successful investment, I spent like $300 and got back to like idk, $1000 - $1500? in the span of like 3-4 months. It was a big amount, especially if you consider how the initial $300 was already a big amount for me. Making up to 5x of that in a few months was insane for me, and I honestly had no idea what to do with it. I spent a few hundreds with my hobbies but I still had plenty left over back then, so I just went ahead and invested again. Never really made the same amount since then.

It's also why I don't blame lottery winners for ruining themselves, regardless it be the way of helping others (donating it willy-nilly) or spending it on anything and everything. We all have greed in us, but a greed that doesn't yet know of what it's upper limits are is scary, since you don't really know when to reign it in.
825  Economy / Gambling / Re: Opinion on crypto casino project on: August 17, 2023, 09:17:58 PM
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Now, from my business understanding, in order to go after the dominant players in any industry and create a successful business, you need to do either something that they don't (ex: a unique exciting slot game that no one else has), or acquire customers through a channel that is overlooked by others (ex: Stake flooded Twitch when the other didn't look at it) or go after a dissatisfied customer base ...
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Or just, idk, offer better service than them. It doesn't need to be new in the first place, just, well, better. A lot of companies underperform, but sometimes due to monopoly people have no choice but to use said service. If a competitor who actually does things right pop up? Take a few years and people would naturally migrate imo.


Good day everyone,

I'm interested to launch a crypto casino and I'd like to get your opinion.

My assumption is the following. The time where anyone could create a crypto casino and had a chance to compete is over. There are now very large companies like stake who have a dominant enough position to attract players with their affiliate deals, celebrity endorsements, welcome / retention bonuses and so on .. Most of the crypto casinos have the same platform design / game offering as stake which means trying to compete with them with bonuses isn't realistic.

Now, from my business understanding, in order to go after the dominant players in any industry and create a successful business, you need to do either something that they don't (ex: a unique exciting slot game that no one else has), or acquire customers through a channel that is overlooked by others (ex: Stake flooded Twitch when the other didn't look at it) or go after a dissatisfied customer base ...

I've come across multiple posts where the original bitcoin gamblers regretted the fact that none of the crypto casinos are anonymous like they all used to be, almost all of them requiring KYC at some point of the customer journey.

I think this is an opportunity to build something :

A real decentralised crypto casino platform - 100% anonymous.
Same principle as a decentralised exchange like Uniswap, all you need to get started is a non-custodial wallet with funds. No KYC.
Being fully decentralised and using exclusively crypto means we're operating within a grey area in the eyes of the law and therefore "no need" for a license.
I believe that in order to gain trust, using only provably fair games would be a great idea in order to show that it isn’t rigged.

It's just an idea so far but I think getting feedback from real players is the first step to validate my assumption !
Isn't this basically any other new casino out there promising anonymity? It usually doesn't last long, and as you've said it operates in a "grey area" so it's highly unlikely for it to be trusted early on, it'd probably take years before it builds up a proper reputation.

Honestly, KYC isn't bad (imo, don't burn me), the process that casinos ask for KYC is bad, dumb, and slow, and suddenly halts the user, freezing their funds without no rhyme or reason. Ofc if a casino can grow and build itself without KYC then sure, I'd go for it, but if it can't, the least it can do is provide quality service when it actually uses it.
826  Economy / Gambling discussion / Re: Gambling discussion effect on: August 17, 2023, 01:00:47 PM
I’m not a regular gambler before I start participating on gambling discussion here due to campaign requirements. Right now I have urge to gamble everytime I saw someone post here about discussion on profit or winning jackpot. Even a simple discussion about strategy makes me want to gamble because I’m excited to try the strategy that I’m thinking.

Right now, I’m still not frequently gambling because of my work but I do regular gambling once or twice a week even if I don’t do this before just because I’m always exposed to gambling discussion and the thought of it makes me want to try.

What’s the effect of gambling discussion here to you? I’m thinking to quit participating on signature campaign that involves gambling discussion in an event that my gambling activities is increasing above my normal habit.
It hasn't really affected me really. I was already a gambler before even taking up gambling signature campaigns, heck I'd consider myself as a gambler even way back when I was a highschool student really, minus all the depressing stuff that comes along with it, but a gambler nonetheless imo. It opened up a lot in terms of other people's circumstances regarding gambling though, which a lot of them are rather interesting reads (though a lot of them are also rather similar from each other).

I think you're fine man. No need to quit the campaign, just learn how to manage and deal with gambling habits and tendencies you develop, the bad ones that is. There's a lot of people that you can ask for help here anyway, as long as you're willing to work on it I reckon you should be fine.
827  Economy / Gambling discussion / Re: What resources do you have for members who may be dealing with addiction? on: August 17, 2023, 11:47:41 AM
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I'd slap them with money and/or a ticket to a trip somewhere where they are fully monitored and serviced. Probably the best way to actually tackle the problem is by making them focus on something else, and with supervision at that to make sure said tackling is actually done properly.

If you want the free method, then you'd spend time with them. Actively make them participate in other activities/hobbies, ones that they'd actually enjoy and can take their minds off of gambling. Sure, self-exclusion, website banning and stuff like that can be used, but as long as anyone with the knowhow knows about how the internet works, they can easily bypass that. So actions where someone is personally taking note of what they're doing is probably a 100% better.
828  Economy / Speculation / Re: Could Bitcoin potentially serve as a safe haven in the upcoming economic crisis on: August 16, 2023, 11:10:49 PM
Hello everyone,

there's a lot of discussion about an impending economic crisis. I'm curious about how Bitcoin will perform during this crisis. Will it function as a safe haven similar to gold? Or will its value decline significantly?

what do you think ?
Possible. I mean I don't think people who have Bitcoin would suddenly run away and trade their coins for gold (or any other asset)all of a sudden in an economic crisis since there's no connection between the local currencies and Bitcoin in the first place. People would then scramble to come and look for assets that would help them avoid the devaluation of local currencies which inevitably would lead them to Bitcoin (as one of the options that is). It is volatile however, so I guess that's one risk of it in comparison to gold.

At the very least, I don't think I see Bitcoin dropping in value in an economic crisis even if people don't buy it to avoid fiat.
829  Economy / Gambling discussion / Re: Dreaming That I'm Playing In A Casino, Do You Have One, on: August 16, 2023, 08:37:27 PM
This happened 6 days ago and on two successive nights I dreamed that I was playing in a casino, I thought I'm spending too much time playing dice games at our fiesta, which usually starts at sunset and finishes before sunrise this is a record for me, it happens when I stopped playing because of the long hours.

I thought it was alarming but doing research online I found out that there's nothing to worry about it's just a relapse dream, it happens when you are trying to shut one habit in this case gambling too much.

How about you have you experienced dreaming that you are playing in a casino, is this alarming to you?

Resource :
https://gamblershelp.com.au/lets-talk-gambling/gambling-dreams/
I'm surprised there's such a "specific" answer for it. Does that mean that any other dream I have, say about a certain game, means that I'm trying to shut it down? Honestly sounds really far-fetched to me. And while I do dream even if rarely, it's never in an instance where I was really bothered by it in the long run, heck I often forget about them after a few hours so I guess you remembering about it does have some sense of meaning.

Well, I reckon anyone playing for almost idk, 12-13 hours maybe? would experience the same thing. I don't really think it's saying to shut down gambling, I think it's just telling you to take a break.
830  Other / Off-topic / Re: Keeping your gambling habit a secret. on: August 16, 2023, 06:21:05 AM
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I think it's not even a matter of religion really, just a matter of mentality itself. It just so turned out that the mentality of those people who developed the religion viewed gambling as something negative, which I don't blame, I mean the idea that gambling was bad originated from that era after all, it just continued on since no one bothered questioning it simply because they were the minority in each of their community.

It is hilarious how people associate the devil with almost literally anything they don't like though, in their eyes it's like a free pass to hate something.

Quote from: wxa7115 link=topic=5462473.msg62697776#msg62697776
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True. People can want their privacy without having the need to give a reason. Gambling is an activity that is legally allowed in most countries anw, and if it wasn't then that might just be a reason itself. But anyway hiding it isn't anything weird if it was legal, I mean I hide what I eat everyday, hows that any different.
831  Economy / Gambling discussion / Re: Possible measures to stop online gambling addiction. on: August 15, 2023, 11:02:44 PM
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Now with online gambling and casinos always browsing adds where a gambler is enough to get addicted to gambling. In this case, he must stay away from electrical devices, especially laptops and mobile phones, from those browsing that are directly related to gambling and casinos.
No matter what is said a gambler will never be able to stop himself from gambling and casinos if he does not change his mindset. It is possible for a gambler to refrain from gambling only when he develops an anti-gambling attitude in himself.
Just clear browsing history and cache but if that doesn't help, I agree to your suggestion to just avoid all devices and even smart phones.

That's going to force the mind of that gambler to stop doing so because he's got no way of doing and accessing. Also, in alternative for it, try to find another hobby.
Does this work the same on apps I wonder? Like clearing the data would hard reset everything you see. In the cache thing though, I'm not totally familiar with it but isn't the data stored within a specific cache tagged to your account? That is why your ads are matched whether you view them from a phone or laptop/desktop. At least that's how I think it works, so I don't think clearing the cache would actually work. Not familiar with how they store data so idrk, might be better to if needed, just create a new account and format everything to remove any possible connections, maybe even stop using devices as others have said altogether if possible.
832  Economy / Gambling discussion / Re: The Latest Game in my Country: Bottle Flip on: August 15, 2023, 08:55:42 PM
This looks like it's a game of luck, but no it isn't. Anybody who has tried it out would know and realize that after a few flips, you would be able to determine how strong you should start out to make it so that the bottle flips properly the way you want it to. Maybe if it was randomized with varying levels of weight and only like, two, three tries (with no practice), then it could become a possible game suitable for gambling, but eh, I don't really think it would gain traction as a gambling game. Might work on a small group though, since it is kind of fun once you get into it.
833  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Whitepaper just Buzz Word in Alt and Meme coins? on: August 14, 2023, 11:03:38 PM
Hi Friends,

I often come across Alt Coins and even meme coins showing white paper. IMO, they are absolutely ruining the meaning of Whitepaper, aren't they?

Some of them use it for showing Toeknomics, some of them show their Utilities & Use cases, some show Roadmap and Planning, and some show just Memes in the paper.

There are many Crypot New Enthusiasts who just jump into the Project as and when they see Website and Whitepaper link. Hardly check what is even inside!

Just wondering what is your take on it!
It's not that they're ruining the meaning of whitepaper, it's just that the whitepaper is mostly needed for their project to even attract someone to read their use case if there actually is one. In most cases, the whitepaper they have is simply a template used by the majority, with a few keywords changed to match their project. It was a standard that was created to present the project, especially in crypto's case where most projects can be considered as investments, and a lot of people do actually check on it, a matter of understanding it is a separate thing though.
834  Economy / Gambling discussion / Re: How Technology is Changing Sports Betting on: August 14, 2023, 09:08:39 PM
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I'd say the only real advancement here is AI though? Blockchain is more like on payment methods instead of sports gambling itself, and as for acceptance, it's, well, acceptance. Probably should've added the VAR technology instead, it's been making rounds the past few years and has been used in quite a few big official tournaments already (which I'd probably count separate from AI).

It's a question of these tech being helpful though, I don't think an AI that could make accurate bets exists as of yet, I haven't heard from ChatGPT's plugin (iirc) feature which is what I was expecting to be at the front of AI accessing the internet. VAR is kind of in the middle, Afaik it's had it's own issues but at the same time, they would've stopped using it if it only had issues so I reckon there were some pros with it.
835  Bitcoin / Bitcoin Discussion / Re: Would We Pay Taxes When We Don't Exchange Bitcoin for Fiat Anymore? on: August 13, 2023, 11:01:08 PM
So, a senior citizen in one of the western countries makes a complaint that he preferred the 1950s when everything made sense and life was simple. He loves the analog times more than the digital. Despite this, he trusts Bitcoin self-custody, and that is the reason why he holds bitcoin. He complains that his bitcoin just sits in his hard wallet, and he doesn't even know what to do with it. According to him, his fear is that if he sells it during the next bull run, he will be taxed, and he doesn't want that. A question arises: Would taxes still be applicable if a time comes when exchanging bitcoin for fiat is no longer necessary?
The scenario is BTC -> fiat, so I reckon there will always be taxes involved there. In the first place isn't everything he buys and pays for have taxes already involved in them? I don't think adding one more to the pot would be that much of a problem for him.

If there's no need for the conversion to happen, and in essence means that crypto is globally accepted and globally used now, taxes would probably still exist, but not for the conversion but rather taxes like what we have right now. I hardly doubt government accepting crypto payments as a possible method would allow it to bypass tax in the first place, heck they might even impose larger tax in comparison to fiat (or cbdc or whatever they have by then).
836  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins profits or bank profits, which best? on: August 13, 2023, 10:41:54 PM
Bank investors have more certainty because there capital is completely safe but they give 8-10% annual profits to the investors of per year. But it is comparatively less in terms of profits.

On the other hand you will get constant profits from crypto as if you are experienced in trading then daily profits is possible. Otherwise you can get profits by investing. However crypto investment puts your capital at greater risk (main point).
I think you already know what the answer is, just based on the risk factors involved banks would be safer, and crypto would be riskier, in terms of the rewards they'd be the opposite, banks would be lower while crypto would reach sky-high levels if really lucky. There are other factors involved though, like inflation as others have said and in which case, doesn't affect crypto at all but at the same time, crypto is subjected to possible market manipulation attacks especially those that are relatively new (and at the same time, would probably have a greater risk-reward ratio).
837  Economy / Gambling discussion / Re: Possible measures to stop online gambling addiction. on: August 13, 2023, 10:31:46 PM
But those ads varies based on your browsing activities. That means that you have to limit yourself browsing those casinos so that it won't click on the algo of the ads and won't show you anything.

Though this is a good idea and it's another initiative for one to stop or at least counter measure his addiction. If there are no other options made then you have to do anything that you can for you to do something with your addiction in gambling.

Just do any method you think that's going to work best for you.
All the more reason I think why OP was suggesting it, is exactly because people who gamble has already set their interest into gambling itself, so the algorithm of google has already set advertisements that they would receive. But again, as I've said before I don't really think this is going to work. There's probably higher chances of someone moving on from gambling if they shut off the internet for a month and take a good vacation somewhere.

Yes because as person like me, who loves sports will be one of those people who are probably be addicted in sports betting for example because at first we love sports and then sometimes we like to bet as well to show our support to the team. The only thing that I knew to stop being addicted is to have a discipline to ourselves , we have to limit our spending as much as we want it.
Your gambling behavior is not included in the category of gambling addiction because you only bet on your favorite sports team and usually a person has no more than 2 sports teams from all major football leagues, you can also limit spending in gambling, so gambling problems are easily handled without the help of others Otherwise, if you want to leave gambling activities because you support your favorite team, you don't have to have to bet on sports betting. There are many other activities that we can do to highlight the popularity of our favorite sports team, better than other teams.
Being supportive isn't really in the realms of addiction. They usually have discipline in the first place, and see gambling as not a source of income, rather just a side hobby to include when watching sports, so I reckon you're fine.
838  Alternate cryptocurrencies / Altcoin Discussion / Re: Free NFTs real or fake? on: August 13, 2023, 07:46:41 AM
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Probably just a spam nft, maybe in hopes that you'd click an associated link or something similar to let them install malware or just spam. Quite literally spam. Idk if it happens in other countries but my mobile number often has these spam casino messages that often message me, asking me to click the link they sent or visit whatever site they indicated. Considering how NFT can be easily made and if timed right, fees being close to zero, I guess the marketing team or whoever decided to spread said NFTs that way. Just don't open it, I don't open anything I didn't sign up for, that's for sure.
839  Economy / Gambling discussion / Re: Between futures trading and gambling on: August 13, 2023, 03:57:12 AM
I know for a fact that trading has been labeled to be as good as gambling because very few people actually excel from it!
But even a choice to choose between the two, I think gambling gives the gambler the edge to win on a regular basis as compared to futures trading that has the emotion aspect attached to it which can also lead to revenge trading and total loss of funds at the end of the day...but then again, we are told that the house always wins which means everything is high risk and it's all about which of the two clicks with you.
wait a moment, but I disagree a little on the emotional aspect it seems that gambling has more influence because if a gambler who fails to manage his money in gambling he will lose his entire budget and after that get emotional and constantly chase those losses. if not, sometimes gamblers who do not have good control usually they will go all in all budgets to get big wins and all of that is usually caused by emotion.
I think that in terms of emotions and risks, both have the same risk that will end in emotions that cannot be controlled, but the difference is that gambling can give in to your budget at the same time, but futures trading will not immediately lose your entire budget.

in terms of winning regularly it seems that in gambling it depends more on luck, especially casino games.
I think there's a bit of bias here in gambling is better than trading, probably because there are more people who share that they won in gambling compared to people who were successful in trading. I mean yes, there's people out there that are rich from trading, but they don't actively share their winning trades, what more for smaller traders, unlike in gambling where it's more often that people share them. It's probably why he takes gambling as better, even if we take into account the emotional aspect (which honestly, both cases have in the first place).

840  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Binance indirectly manipulative by promoting Tokens? on: August 12, 2023, 11:24:04 PM
Hello there,

I don't know how exactly to phrase it, nor do I know if what I say is accurate; it's just how I see it. Binance has been frequently indirectly promoting newly launched tokens on their platform, either by airdropping them, by completing quizzes, through pre-sales, or by farming them through their Launchpad. What are your thoughts on this? Could we claim that it's some sort of manipulation since a large number of these tokens that are listed through one of the previously mentioned ways are pumped the moment they are launched in the market and start being traded? I don't have many examples right now because I've stopped tracking how many new tokens are being added on a weekly basis, but for instance, Binance is now offering to farm CyberConnect and SEI, which I'm also farming myself. There's no information about their price, nor can they be traded on the platform yet, but I wouldn't be surprised if they're hyped the moment they're launched.

What are your thoughts on this? Do you believe that it's a kind of manipulation and/or some sort of reward for Binance for promoting newly created tokens?
I don't think so. Binance is a platform for tokens/coins, so I reckon projects just pay Binance to promote said tokens after a regulatory check. Said regulatory check doesn't really give a damn about the use case of the project, so even if it wasn't cheap, as long as they pass some of the checks, then they'd probably be allowed to launch their tokens. In the end, Binance is still a platform aimed to make money, so it isn't really odd that they're trying to accept coins that they can actively promote and sell to others. They might also have a separate contract for when tokens are launched that they advertise, so more money for them as well.

In the end it isn't really manipulative of them if the users themselves know that Binance as a platform aims to market coins to them. Advertisements aren't a law that you need to follow, they're guides to what projects are actively trying to promote their project to big platforms.
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