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1741  Bitcoin / Development & Technical Discussion / Re: Replacement for POW on: December 16, 2022, 10:06:43 AM
I don't know why there are many people who remain to follow that charlatan.
One word: profit.

Although it is a little more complicated than that. It is one of humanity's traits that they don't want to accept they were wrong.

Nobody can deny the big pumps that ethereum had in the past which has given a lot of profit to many people and worst of all has given hope of future profits to a lot more who are now bag holders. They do not want to accept that they were wrong about this whole thing being a sham even though ETH has gotten dumped so much in the past 5 years without being capable of seeing its ATH against bitcoin ever again.


We also don't know why, like OP, many people also remain to look for a "Replacement for POW". Bitcoin is proven hard money because it set, and made sure that no entity can "print"/issue the money of the system for free. But because Ethereum developers threw away POW, the most important part of their network, they might have broken they're incentive structure by allowing their network to print money for free. I truly thought Ethereum would also be a multi-generational blockchain before the transition to POS.
1742  Bitcoin / Development & Technical Discussion / Re: Replacement for POW on: December 15, 2022, 11:46:49 AM
Plus replacing POW would be very stupid. Ethereum might learn from this, the hard way.

Shower thought. If Ethereum POS wouldn't be enough to secure the billions in their blockchain, and not enough to secure it as a global base layer for tokens, I believe they will probably need Bitcoin to secure their blockchain, and that probably creates more and more demand for Bitcoin transactions when block rewards become less and less after each halving. Cool

When you analyze an altcoin like Ethereum you should have one eye on all of its aspects instead of just focusing on the algorithm that changed from PoW to PoS. In this case the most important attribute to consider is Ethereum's centralization. That has helped this shitcoin survive a lot of things and the only reason why they switched to PoS and has been able to keep this mutable blockchain alive is because it is centralized and they have a lot of control on it.
In other words if a decentralized coin does the same, the effects won't be the same at all.


You're right! Haha.

I believe Vitalik Buterin is starting to pivot when he posted this tweet.

Quote

People continue to underrate how often cryptocurrency payments are superior not even because of censorship resistance but just because they're so much more convenient.

Big boost to international business and charity, and sometimes even payments within countries.

https://twitter.com/VitalikButerin/status/1562542183562878976


I don't know why there are many people who remain to follow that charlatan.

But because Ethereum is centralized doesn't actually suggest that the billions of value in that blockchain is safe/secure. Every pleb knows, centralized = single point of failure. A government-entity can attack it. If there's a probability that Ethereum's POS, consensus through committee, is not enough to secure it, how high is the probability that it will need Bitcoin POW to secure it?
1743  Economy / Gambling / Re: Researching for Upcoming Game on: December 15, 2022, 11:05:10 AM
No one is mentioning a slot machine or many slot machines who has unique game play mechanics that we have not seen so far from the providers we have.

One of the new providers had a unique option where if you don't win anything from the free spins or if you don't win at least x20 of your bet they keep repeating the free spins until you reach a minimum of x20,something

I only seen yesterday night and I have years playing slot machines.

Other than that I think the replies here have covered pretty much everything.


That's a slot machine that gives the user an assured win of at least x20? What slot machine us that, I would like to try it, and please send it to me in my inbox. Let's not tell anyone else. Hahaha.

Jokes aside, Dig Dig Digger is the same as the slot machine you're describing, without the assurance of winning at least x20. But the user can win more free spins within the game through a mini-game that gives larger bonuses. A free spin that's worth $0.02 can win $20.00 if you go inside "Diggy's Narnia". Cool
1744  Economy / Gambling / Re: Blackjack.fun | Live tables |SLOTS| Baccarat | InstantWithraw| v3.0 Launched! | on: December 15, 2022, 07:40:21 AM
Bonus doesn’t expired. My bonus is still in there ever since I collected it during the initial implementation of the wagering requirements on all the rewards so I’m positive that it didn’t expired since mine is already too old.


You are just lucky because your bonus balance is not gone or maybe you forgot the total bonus you have so you didn't realize it
Me and several other users confirmed that our bonus balance was reduced/disappeared indeed there are still some satoshi left
but it's not a real amount I remember my last bonus balance and when I checked it was gone.


I just had a chat with admin Aria in the live support box. She asked for my basic information, then she told me that she cannot see any record of the bonus in my bonus wallet. But she has already sent a message to the Administrator for further investigation, and that she will send me an email in a few days. It's probably just there. How can such things be gone.

Plus I checked the UI for where the free spins are stored in the bonus wallet. I don't see free spins accumulated from actual gambling in the casino. Does this mean that free spins from actual playing are not stored in the bonus wallet, and the wins received from them will go directly to the user's balance?

1745  Economy / Gambling discussion / Re: Casino games plebs like us must play on: December 15, 2022, 05:33:01 AM
I'm actually a little dissatisfied with why the OP thinks that there should be some kind of special casinos for the plebs. 

Of course when betting thousands of dollars in a gambling area like Las Vegas, it's not for the plebs.Huh  And that those millionaires who play there are better than those players who bet $10.  How are they better???  Yes, they are all much worse than us ordinary people who honestly earn a living, and do not squander crazy money from the inheritance, or people like SBF (Well, of course, until the collapse of FTX! ) Grin). 
In general, it is unfair to divide players into plebs and no-plebs. 
Where is the boundary of such a division - there is none!

Well, in that you also have to do a little analysis, it is not the same as those people who have so much money and bet big, obviously they have a bigger stomach to bear certain types of expenses, while people who do not have so much money must place bets more moderate without spending a lot, a player regardless of their economic position must do and have control of their expenses, and what is allowed to win or lose, is not something simple, even those who have the most money can lose a lot and become decapitalized, If there is an amount of money willing to lose, it is what can be enjoyed in the game and at the same time have options to win.


I believe delfasTions didn't get the actual context of where my viewpoint is for the topic. I was merely suggesting that for plebs like us, it might better to play more casino games with lower house edge because it would make us lose less, and make is lose in a slower rate than the average. Plebs like us don't have much money to use for gambling, so if a pleb wants to gamble, it might be good to have a wiser casino game preference with lower house edge, like BlackJack or Craps.
1746  Economy / Gambling discussion / Re: Casino games plebs like us must play on: December 14, 2022, 11:42:22 AM
So technically you are saying that gambling can be more ideal as a stress reliever than making a trade?. well it depends in trading if you have knowledge regarding the position you would like to do is you make the right time and proper preparation at the same time, if you execute the trade properly its good but if not you have a mistakes every thing right there has a lesson but in playing gambling is you just make a deposit, play and let the game you choose to decide if you are a winner or not, gambling is more stressful because you are just letting other people make your luck not yourself with your knowledge and skills.

IN my opinion gambling is much more stressful than day trading, I say this for the following reason: for example if a person takes 100$ and that person starts making sports bets, that person bets 10$, loses, bets others 10$ and loses again, bet on 10$ wins, but then goes back to bet on 10$ and loses again, this person will start to get stressed because he sees that his bankroll is reducing all the time, and he doesn't know how to reverse this situation, then panic starts to take over him, but when doing trade he will always put stop - loss and he can do hodl for some time until he has profit, then he will not have stress when doing trade

Well it depends on the person because we know that trading and gambling is in different aspects, in trading, you are aiming to make an open trade or position and those are based on your knowledge and skills, and one of the goals is to earn, in gambling your only goal is to win and get entertained you don't need to think about too much unless you are taking this thing seriously and like a source of income like other people that's the reason why they got frustrated in too much playing of gambling.


It depends on the what casino games/gambling games you play or have been playing. Because if you truly have a deep shower-thought about it, isn't trading also an act of risk-taking and also a form of "gambling"? In BlackJack, there is a skill involved that makes house edge smaller, in Poker it's another game of skill with some gambling features like BlackJack. In Craps it's also the same as the other two, it's not like SicBo wherein your destiny is made in one roll. There are some bets in Craps that require more than one roll, therefore it encourages skill and strategy.
1747  Economy / Gambling / Re: Blackjack.fun | Live tables |SLOTS| Baccarat | InstantWithraw| v3.0 Launched! | on: December 14, 2022, 11:25:04 AM
Just to share my recent experience with Blackjack.fun. I made a couple bet in the casino with there in house game and manage to take small profit and decided to withdraw after making x1 wager of my deposit. I’ve got some problem with my withdrawal after the casino withdrawal transaction failed. I’m surprised to discover during this issue that the casino is already have the live support which makes the process of fixing my issue solve faster.

We just need for the devs to came online and my withdrawal is already fixed. Having a live support now is much easier to connect with the support unlike before that it will take more than a week for this same issue. Good job on this new improvement.

I never noticed that BlackJack.Fun did have live support available. I always assumed that it as always there, and I just never used it, because always use the chatbox if I have some problems with the casino and the admins are always there to help. It's one of the best operated cryptocurrency casino in all of the casinos that's being advertised in the forum.

Plus, does the bonus in the bonus wallet expire? I noticed today that mine is gone. I wanted to make a deposit and try to clear it.

1748  Economy / Gambling / Re: Researching for Upcoming Game on: December 14, 2022, 04:41:09 AM
I think fair and fun play is what is needed here because with fairness in betting makes all players feel undeceived. Apart from that, unique games are things that make us happy and events that have big prizes are also not bad.


I believe a game that makes a user play against another user, not against the house, would acheive that. But we should also be careful, because casinos can also put their own users to join the game and control the results of the games and make their users win more than what's actually probable. There are many fraudsters everywhere, especially currently now that our Bitcoins are betting more and more valuable and precious.
1749  Economy / Economics / Re: LMAO: Lagarde says Euro CBDC seeks to 'ensure high standars of privacy'. on: December 14, 2022, 04:25:59 AM
CBDC is a private ledger wherein the government, or the Central Bank controls the whole system. You may be given some "privacy" from each other, but no privacy will be given to you from the point of view of the government. Although, CBDC "may" be useful for us Bitcoiners, merely to show how "good citizens" we are, and that we "prefer" CBDC over the "evil" Bitcoin. "Support" and use CBDC my fellow plebs. Cool
That is a fact, and they will have everything on that ledger and that is good enough reason to know that it won't be privacy filled. Their privacy understanding is between people, meaning what you spend your money on will not be known by your friends, and that is understandable, considering how many government programs have been hacked, including FBI as most famous because they have so many secrets and hacking into it means death of so many people, I do not trust that they would be able to keep it a secret between people neither.

However, assuming that they mean that, they do not mean it's a privacy thing between you and government though, that's open channel for sure.


Plus it's because it's the government's ledger, in which they can manually override transactions and program the ledger to not accept certain parameters, it's truly the opposite to the ETHOS of Bitcoin. It's a censorable, centralized, permissioned network for transactions. I said transactions, not money, because CBDC is not actual money.

We should continue to educate everyone on the differences. Both will be useful, but a person should always be HODLing some Bitcoin
1750  Economy / Economics / Re: LMAO: Lagarde says Euro CBDC seeks to 'ensure high standars of privacy'. on: December 13, 2022, 12:13:14 PM
CBDC is essentially an integral element of a dark dystopia of the future (an integral part of a digital concentration camp). 

It is impossible to talk about the privacy of Central Bank Digital Currencies (CBDC).  CBDC alienates citizens of all countries from their money. 

CBDC privacy is the inability of citizens to control the country's financial system.  At the same time, the government gets the opportunity to fully control all financial flows in the country. 

Privacy is Monero (XMR), not CBDC...


CBDC is a private ledger wherein the government, or the Central Bank controls the whole system. You may be given some "privacy" from each other, but no privacy will be given to you from the point of view of the government. Although, CBDC "may" be useful for us Bitcoiners, merely to show how "good citizens" we are, and that we "prefer" CBDC over the "evil" Bitcoin. "Support" and use CBDC my fellow plebs. Cool
1751  Economy / Gambling / Re: Researching for Upcoming Game on: December 13, 2022, 10:38:52 AM

- What makes one game fun to play -- more so than other competitors that have similar games (ex: why you enjoy playing crypto poker on X site rather than site A)?


Definitely the strategy feature, if a user/player actually tries to learn the game and try to use as much of the different betting strategies that the game allows him/her to do, or invent. A long term user/player won't lose his Bitcoins in slot machines forever. He/she would find a game that he can play to strategize and bet more when house edge is lower, bet less when it's higher.

Quote

We just want to build this game the right way that players actually enjoy playing in addition to potential of winning big....  Grin


I believe there's no need to invent a new game, just build your own implementation of BlackJack and Craps.
1752  Bitcoin / Development & Technical Discussion / Re: Replacement for POW on: December 13, 2022, 05:58:47 AM
Create and maintain a list of all the bitcoin nodes that have been active for some period of time, maybe a year or some other time period.  Node owners must have a certain amount of time invested before becoming eligible for payments.   

Impossible to do in a decentralized way. For starters all the full nodes can not know about all other full nodes ever, they also can't continuously check whether all the candidates in that list are active at all times.

Most importantly how are you going to distinguish a fake full node with a real one? It is actually very easy to fake being a full node without actually running one. If you provide the incentive, the network could be flooded with them.


It's not just about running a "fake node". It could also be a user/group of users who are running multiple nodes and performing a Sybil Attack/51% Attack on the the network. It's easier to do at low cost, without POW to secure the network from such attacks.

I believe to learn more, Bitcoin.org's documentation is a good place to start, https://developer.bitcoin.org/devguide/block_chain.html

Plus replacing POW would be very stupid. Ethereum might learn from this, the hard way.

Shower thought. If Ethereum POS wouldn't be enough to secure the billions in their blockchain, and not enough to secure it as a global base layer for tokens, I believe they will probably need Bitcoin to secure their blockchain, and that probably creates more and more demand for Bitcoin transactions when block rewards become less and less after each halving. Cool
1753  Alternate cryptocurrencies / Altcoin Discussion / Re: Will POS blockchains need Bitcoin security over time? on: December 12, 2022, 11:29:23 AM
This is not about bitcoin, it is about Ethereum blockchain having enough security to secure itself and its tokens. Move this to altcoin discussion.


No, the topic is about needing the required security through Bitcoin's POW.

Quote

Ethereum POS is not secure enough to be the global base layer for tokens? What are the probabilities that Ethereum, in time, will need Bitcoin's security?

All I know is that PoW is MORE secure than PoS, but Bitcoin and Ethereum are completely two different coins that has nothing to do with each other.


Obviously YES, and that's how I will be proceeding with my shower-thoughts in this topic, and believe me, it's about Bitcoin, and POW, and the network's incentive structure. I was merely using Ethereum as an example because it's currently the most popular POS blockchain.
1754  Economy / Gambling / Re: Blackjack.fun | Live tables |SLOTS| Baccarat | InstantWithraw| v3.0 Launched! | on: December 12, 2022, 10:45:54 AM
Partial bonus redemption would be a good solution for lower stakes players. Good suggestion wind fury.


And I believe a separation of identification for the free spins accumulated from the chatbox and voting, from the free spins accumulated from actual playing/gambling by the user. Free spins from voting and chatbox is just given, everything won from that should go to the bonus wallet for clearing through the wagering requirement. BUT I believe free spins accumulated from actual play and gambling should be considered to be the same as cashbacks, and everything won from that should go to the user's regular wallet ready to be gambled.
1755  Economy / Gambling discussion / Re: What would be an ideal KYC solution? on: December 12, 2022, 08:29:53 AM
Ser, relax. Hahaha.

I wasn't educating you about DirectBet, I was only showing you what it was on-chain when you posted that "you couldn't read somewhere in their site that they're an on-chain casino". What site did you visit? The real DirectBet has been offline, and their topic in the forum has been locked.

I was also merely suggesting that having the "ideal KYC solution" could also be "fixed" through technical implementation, like DirectBet's on-chain solution.
no worries, I am relax and I am just pointing the fact about the discussion. No need to tell me to relax as I am relax and I am only sharing my thoughts and opinion to you. One more thing, you don't have to call me or address me as ser or sir. After all, we have the freedom of speech in this forum unlike the other platform where it is moderated and some words are not allowed. To be precise, I didn't visit directbet website or their ann thread as I am not interested in directbet at all.


I thought you said that, "you couldn't read somewhere in their site that they're an on-chain casino", https://bitcointalk.org/index.php?topic=5425027.msg61401864#msg61401864

I probably misunderstood?

As learners of Bitcoin as a protocol and as users of cryptocurrencies, plebs like you and me who have posted our own opinions in the topic should research and learn more about DirectBet, and how it's a good model for an ideal KYC solution. It could also be one of the best illustrations in how to utilize the Bitcoin blockchain, and how to build services that have an actual on-chain usage that's censorship-resistant and non-custodial.
1756  Alternate cryptocurrencies / Altcoin Discussion / Will POS blockchains need Bitcoin security over time? on: December 12, 2022, 08:07:44 AM
Tokenization has become the "current thing", and many of them have market valuations of more than $100,000,000, a combined market valuation of more than $1,000,000,000, AND MANY are all secured by the Ethereum POS algorithm. But how large is the probability that Ethereum POS is not secure enough to be the global base layer for tokens? What are the probabilities that Ethereum, in time, will need Bitcoin's security?
1757  Economy / Gambling discussion / Re: What would be an ideal KYC solution? on: December 10, 2022, 11:56:32 AM

Ser, you're taking what I posted and making another debate out of that. Because if DirectBet was not truly an on-chain casino, it would be like the casino in your, and my signature. But I was not talking about that, I was talking about the "Ideal Solution" for KYC this topic/OP is looking for, and I was merely making the suggestion that the "Ideal Solution" might be NO KYC which DirectBet provided.

That wasn't so hard to answer right?. You should have answered on point rather than educating me about directbet being an on-chain casino and one of the old casinos in bitcoin instead of pointing out the solution that you have mentioned like gambling in a xasino that is an on-chain casino and doesn't require KYC. In my previous post, I am stating about a situation if you are gambling in a casino that have license then you would be required to complete KYC before you can withdraw if you won decent or huge amount of money in their casino.


Ser, relax. Hahaha.

I wasn't educating you about DirectBet, I was only showing you what it was on-chain when you posted that "you couldn't read somewhere in their site that they're an on-chain casino". What site did you visit? The real DirectBet has been offline, and their topic in the forum has been locked.

I was also merely suggesting that having the "ideal KYC solution" could also be "fixed" through technical implementation, like DirectBet's on-chain solution.
1758  Economy / Gambling / Re: Blackjack.fun | Live tables | Baccarat |Slots| InstantWithraw on: December 10, 2022, 11:35:11 AM
I wrote a guide for freespins. let me know if I should make any improvements. trying out easy topics before I delve into the more fun ones.

https://bitcointalk.org/index.php?topic=5425905.new#new


Thank you!

This is very nice!


Hi BlackJack.Fun! I wrote a small suggestion in that topic, please read, and take some time to consider them. Thanks BJ.F admins! Cool

But if it will require too much work to separate the bonus from free spins earned from using the chatbox/voting and the bonus from free spins earned from the user's actual gambling made in the casino, why not have a different slot machine for each of them? Dig Dig Digger for free spins from actual gambling, and the Joker slot machine for free spins earned from voting/chatbox?
1759  Economy / Gambling discussion / Re: What would be an ideal KYC solution? on: December 10, 2022, 08:41:24 AM
Well, what can you say if they are not like that?
Ser, DirectBet was one of the old casinos in Bitcoin, but they already closed during 2017 before you registered your account. You can read their announcement thread, https://bitcointalk.org/index.php?topic=393147.0

They were the only on-chain casino that didn't require the user to open an account, didn't require to deposit their coins, and definitely didn't require KYC. It was truly a censorship-resistant casino built on top of the Bitcoin blockchain. It was probably inefficient, and slow when the network was congested, but it was working.

Not to make this reply a bit off topic but I am not talking about directbet not being an on-chain casino. That question is for a casino that what if it is not an on-chain casino and in this case, what if directbet is not an on-chain casino?. I don't need to read their ann thread since I am asking all about the site more like a KYC of some sort. I know you will be confused as what KYC I really mean and it's not Know Your Customer but Know Your Casino. That's the reason why I ask a question and not about me saying that directbet is not an on-chain casino. What can you say or your opinion if directbet is not an on-chain casino?.
That's what I really want you to answer as shown in the quote.


Ser, you're taking what I posted and making another debate out of that. Because if DirectBet was not truly an on-chain casino, it would be like the casino in your, and my signature. But I was not talking about that, I was talking about the "Ideal Solution" for KYC this topic/OP is looking for, and I was merely making the suggestion that the "Ideal Solution" might be NO KYC which DirectBet provided.
1760  Economy / Trading Discussion / Re: My advice If you are here to make money on: December 10, 2022, 08:25:15 AM
Stay away from btc If you are futures trader btc moving too slow.

Loooool, in cryptocurrency for futures trading, bitcoin is best suited for several objective reasons:

1- Bitcoin has a historical bull trend and never falls below certain levels that were set in the past bear cycle.
2- Bitcoin is easy to predict in terms of price bands. For example, if I am leveraging and risking my position to liquidate at the $3,000 mark, then I can rest assured because there is a 99% chance that this liquidation will never occur.
3 -Bitcoin never falls endlessly down, by 97-99%, as many altcoins do, which makes it a good asset to trade, because the trader more or less understands the market framework.

What you should definitely stay away from in futures trading is altcoins, because they are centralized, often dependent on one person, extremely volatile and have no bottom. Even investing in altcoins is risky, let alone trading on margin.


Plus does OP truly believe plebs like us can beat those traders who are indeed more capable, traders who have more capital to go through long bear markets, more data behind what's truly happening, and their market bots that automate their profitable trades? Beat them simply by drawing lines in a chart, and following some self-written, arbitrary trading rules? I believe plebs must keep everything simple, Buy the DIP, and HODL.
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