You will agree Elon has really inspired many people to bitcoin his pro or against bitcoin tweet directly reflect the red and green candles on bitcoin charts.
Mere "moods" of the market affected by someone who was the favorite billionaire of the day. Plus there was a new group of plebs like us entering Bitcoin Land. They haven't learned of the HODL yet.
With owning this huge platform of Twitter he can either break it or make it. I think.
A platform for mere propaganda for, or against Bitcoin. The network will continue to chug along, adding block by block to the blockchain.
Let if adopts "doge" as some kind of default crypto currency for Twitter it will be huge move and might effect bitcoin bigtime.
No, only the price. Maybe.
Or let say if come to sense and realizes the truth and embrace bitcoin I can't imagine how huge the green candle will be.
Elon Musk is on his own path to true understanding like many of us mere plebs. He was very opinionated before that Bitcoin needs to increase the block size, thinking it to be very simple. Changing one parameter affects all other parameters, and especially affects the incentive structure. Wait for his opinion 5 years later. |
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The famous writer, philosopher and trader Nassim Taleb came up with the concept of "Black Swans".
A "Black Swan" is a very unlikely event, the occurrence of which is very difficult for an outside observer to predict, and which radically changes the world around us.
Nassim Taleb specialized in betting on "Black Swans". He studied them seriously and used this knowledge to profit.
"Black Swans" can also be used in gambling. I mean (primarily) sports betting. "Black Swans" are hard to find, but betting on such events brings a very large win (due to increasing coefficients).
Therefore, it is a very interesting and effective game strategy.
Nassim Taleb theorized about Black Swans, but I don't believe he profited from them? Plus Black Swans are "very unlikely events" like you posted, then trying to find them, and betting on them to happen would be a very low probability of being profitable. It will require a generous amount of luck to win one bet out of many in my opinion. |
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I know I'm probably in a minority here, but I think this law is actually a good thing, and it's similar to what I'm proposing in this thread. The faster the transition to renewables goes, the better, and once it's near 100%* anti-bitcoiners will lose their main argument** against Bitcoin. Even if you don't agree with it, a PoW ban (or better: a ban for companies to deal with PoW cryptos) like it was discussed in the EU is much, much worse. Remember: Bitcoin is constructed in a way that such kind of regulations for miners don't affect its functioning at all. The likely result if such policies were adopted around the world is that the hashrate/difficulty increase would be simply a bit slower (because of tighter profit margins for mining), or there could even be stagnation/slight diff decrease in bear markets. There's an absolute minimal chance that an 51% attacker could get a minuscule bit more chances (e.g. if some authoritarian regime lik North Korea tried to do it) but current hashrate is so high that this is close to impossible. There is some truth in what you are saying, but only bitcoin miners are being attacked and banned, other industries are fine I believe this ESG thing is more about control than about environmental. Conveniently, POS coins (which is not so resilient and the decentralization is questionable) are just fine. Look at world economic forum here , for example: https://www.weforum.org/agenda/2017/08/what-is-ethereum-bitcoin-explainer/ We will see a lot more about "greener" bitcoin alternatives, which are conveniently not so decentralized and uncontrollable and privacy friendlyThe same with each and everyone of us, we had a limited understanding about Bitcoin, the blockchain, the importance of POW, and the incentive-structure that makes the network stick together. They too will start their path somewhere, learn the hard way, then understand the tradeoffs, and discover the importance and how truly ground breaking Bitcoin really is. Once they're ready to listen, we're here to educate/teach what we know and how we understand Bitcoin. |
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What would happen if a government entity starts mining Bitcoin? What it would be doing is secure the network, and act in a way that its incentives will align with the success of the network.
It's hard to say because it depends on a lot of factors. Since hashrate is well distributed, it is probably not a big concern but we should always take such things as a negative news because government, even if it is just one small state, is still a strong centralized entity that we don't want to have a lot of hashrate. You're entitled to your opinion on who to hate/dislike, but we can't stop anything if an entity wants to start pointing hashing power to the Bitcoin network, an open permissionless system. I used to express my disapproval for Jihan Wu too, but I never believed that he would/should be stopped from pointing hashing power to the network. We simply can't do anything. The incentive structure works, and before any bad actor can set their attack, they will discover that it will be more profitable by mining honestly.
Not to mention that even with the smallest hashrate, we are 100% sure that they will censor transactions for their own blocks at least. And this goes against bitcoin principles.
Mining is a competition for incentives. Fees are becoming a larger portion of those incentives. Their competitors will be happy to include those transactions in their blocks, and eventually grow larger and make those miners that censor transactions less and less profitable until they're not. |
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One might already understand that winning at Gambling is hard but at the end of the day we still see a lot of people increasingly interested in Gambling, this might provide an insight into the casino business and at the same time help explore the ideas 💡 in the mind of a Gambler. As a matter of fact, if we are to compare the rate of wining to loosing in gambling we could bring out a conclusion that it is not advisible to gamble because the rate of winning is very small to loosing, but still yet we have some fortune gamblers that just got lucky to hit a jackpot by wining big on their first game attempt, but what i could conclude here is that many just derive pleasure in gambling because of its fun not minding either winning or loosing. "Gambling for entertainment" is OK, IF you have the income/capital to support the habit, and if you're truly self-aware that it's merely just for entertainment, not profit. That's the difference between the people who gamble in casinos, and the other people who trade with more than 10x leverage with little capital. The "day-traders" think they're actually "trading". |
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Dopamine can provide an intense feeling of reward. Dopamine is most notably involved in helping us feel pleasure as part of the brain's reward system. The longer the player plays the more he wants more of the feeling and soon winning money is just secondary and he will just opted to play for his satisfaction regardless of the money they spent. This is the cause of many gamblers who lose control when they play gambling. Playing longer and using more money will only trigger the gamblers to be eager to win the next round even though they know that the next round is not theirs and many of them will lose and lose their money. This is something many gamblers have to realize if they don't want to lose more money and they should stop as soon as they feel they have had enough gambling. It's an uncontrollable addiction for some people. Robelneo posted, "winning money is just secondary, and a person will play to satisfy his/her gambling-itch regardless of the money spent". But consider addiction to gambling vs. the person's monthly income. I believe Bitcoin casinos should take care of their users to budget their money well so they can continue gambling the next day/week/month. They should want to keep the customer, not make them bankrupt. Hahaha. |
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But generally not a bad news as being the first city to do so
Is that double standard or are people not understanding what the news is saying? It is the government that is running this mining program. Do we really want the governments start mining bitcoin and amass hashrate? I don't think anybody in bitcoin world wants that! Or maybe to some people, US government is an exception  in that case think of it as maybe Russian or Chinese government start doing this next. What would happen if a government entity starts mining Bitcoin? What it would be doing is secure the network, and act in a way that its incentives will align with the success of the network. Plus getting the real context, franky1 is right. The "news" isn't news-worthy. The "Pilot Program" might end their evaluation in, spending more money in electricity bills. |
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Does craps work for anyone? https://blackjack.fun/game/nucleus:Craps1I can only see a blank screen, but the other dice games like SicBo and RocketDice work without any issues. Plus would Blackjack.Fun maybe want to add Binary Options in their list of games of chance? Guessing that price of Bitcoin is this forum's "favorite sport". Everyone can't stop checking the price every 15 minutes, and also can't stop talking about it.  Bookmark this spreadsheet for Admin, and just enter all details of your issues here so admin can send to devs all in one easy place to reference  Guessing price may be favorite sport but until it is also favorite betting, no point putting it  I think 90% of forum people talk about price and gambling but place little or no bets at all. I believe if promoted in the right way, the potential for it to be one of the biggest fee-collecting gambling app is very positive in my opinion. The community already has a large amount of Bitcoin price followers/speculators/investors, why not convert a minimum 20% of them to punt on Binary options as a hobby as well. Does craps work for anyone? https://blackjack.fun/game/nucleus:Craps1I can only see a blank screen, but the other dice games like SicBo and RocketDice work without any issues. Plus would Blackjack.Fun maybe want to add Binary Options in their list of games of chance? Guessing that price of Bitcoin is this forum's "favorite sport". Everyone can't stop checking the price every 15 minutes, and also can't stop talking about it. The game is still not working in my end even though I use VPN. I believe theres a problem on the hosting of this slot provider. Why not try the evolution gaming craps instead of this while waiting. Betting live is more fun. Sportbook is the top priority of Blackjack.fun to be release but Binary option is a very good idea. Im hoping for a binary option PVP type like Pancakeswap option Bulls/Bear game which gives you a huge multiplier if you bet on the minority side. There should be long term expirations that are longer than one year for Bitcoin PvP Binary Options if a casino/gambling site builds such an app. I know where my bet will be. |
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They could start signalling for such changes, but because signalling is not voting, those rules can be still rejected by non-miners. This is how I understand it: - One group proposes a change, let's say miners.
- They suggest on increasing the block subsidy by 6.25 coins.
- They publish the source code with a programmed change on a future block.
- No other group agrees with the change. (Therefore votes against)
- Miners are discouraged to mine in the new chain, because there's much less demand.
- Miners switch to the old chain.
Another example: - Developers propose to increase the block size by 100 MB.
- Developers publish the source code with the condition that if 90% of the block headers contain a certain version number, then after a future block, Bitcoin Core will limit block size to 100 MB.
- Most of the miners agree with the change and a few hundreds of blocks afterwards, a chain split occurs.
- Most of the users disagree with the change, but no one knows it, because it's not publicly known as it is with the block headers.
- The minority of the miners continues using the old chain and so are most of the users who're running a full node. Their denial to upgrade shows that they're voting against.
- The old miners become discouraged due to less demand and continue to the old chain.
Everything in Bitcoin concerning consensus is, very complex. It can be debated that hashing power is a mechanism not for consensus, but a Sybil Attack protection mechanism. Plus there's also the UASF by shaolinfry, which has demonstrated that miner signalling have been used as a political tool by Jihan Wu, Roger Ver and their mining-cartel. https://bitcointalk.org/index.php?topic=1805060.0 |
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Does craps work for anyone? https://blackjack.fun/game/nucleus:Craps1I can only see a blank screen, but the other dice games like SicBo and RocketDice work without any issues. Plus would Blackjack.Fun maybe want to add Binary Options in their list of games of chance? Guessing that price of Bitcoin is this forum's "favorite sport". Everyone can't stop checking the price every 15 minutes, and also can't stop talking about it. |
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Worth it for who?
For us, probably not so much.
But for any government who want a perfect spyglass and tool to intercept funds? Absolutely.
But the government will do that right at the start. They will be "good boys", bringing this new digital currency to us, providing us with a more convenient, and efficient way of transacting with each other. Many people will be bullish about CBDC technology, and every disinforming troll in the forum would start encouraging us to HODL our savings in CBDC. That will be a laughable mistake. It's a moment we need to capitalise on. This is when we need to raise awareness to the public about what their choices really are. There might not be a choice if launched, and I believe it would be the wiser decision to use CBDC and pretend that you're a normie, than refuse to use it and be a target by the government. Plus it might actually be convenient for gas/fuel and coffee. Haha. But you're right, there must be awareness/understanding, and there must be deception on our part.
CBDCs hand unprecedented control to Central Banks and Governments. At any time and for any reason, they could reverse, block or even confiscate the money from any fiat transaction. Cash will undoubtedly be phased out, so with the exception of crypto, there won't be any other alternatives. If authorities suddenly decide they don't want people buying a particular product or dealing with a particular company, service or even charitable organisation, the money could be seized. People need to understand the dangers.
But so far, it feels like we can't even convince many of the people here on this forum that this isn't in their best interests. I see so many deluded fools thinking it's going to be like a better version of a stablecoin, endorsed by those in power. When in all likelihood, not only would it be the final nail in the coffin for "The War on Cash", it could also be the opening salvo to start off "The War on Bitcoin".
If you can't convince them, then just convince them to HODL Bitcoin as a hedge, and not only as a financial hedge, a hedge against censorship, against the people who control the monetary system, and as protection for our sovereignty. For reference on what is a CBDC, https://digichina.stanford.edu/work/lets-start-with-what-chinas-digital-currency-is-not/ |
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I really like seeing weak hands sell their bitcoins quickly because it makes me want to enter the market and immediately put a buy price at the price I want.
I believe that there are no more "weak hands" left in this phase of the market cycle. They either have lost all their capital, or have accepted the fact that HODLing is the best path. The current market's situation obviously is being manipulated by the "whalecumulatooors".
I have done this several times and been able to get a low price and then sell it at a higher price. Even though the profit is only around $10-$20, it is enough for me because it also depends on the market's situation.
Where are the binary options sites? You can gamble and win I think more than $10 or $20 for the same amount of capital. |
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The point is there will be Bitcoin users who merely want a little privacy/untraceablity without the danger of the taint. And what we are saying is that if you buy your coins on a centralized exchange, or mix them using a wallet which is employing a blockchain analysis company to spy on its users and correlate that information against various government blacklists and databases, then you will have absolutely zero privacy or untraceability. You might have protection against the most cursory of searches on a standard block explorer, but you will have no privacy in any real sense of the word and your data will be in the hands of plenty of third parties. The question for nopara73 then is, can the said blockchain analysis company trace those coins after they were mixed in Wasabi? My friends don't want their sex toy purchases found on the blockchain by their wives, or possibly seen by their employers. They work in a religious organization! |
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The Central African Republic is a landlocked country in Central Africa. It is bordered by Chad to the north, Sudan to the northeast, South Sudan to the southeast, the DR Congo to the south, the Republic of the Congo to the southwest, and Cameroon to the west. Source : https://en.wikipedia.org/wiki/Central_African_RepublicThey do have their own local Fiat currency ==> Central African CFA franc (XAF), Bitcoin (XBT) and they have +/- 4.83 million (2020) people living in that country. Let's hope this spreads to the rest of Africa and that it will replace digital currencies like MPesa in Africa.... if all of this is true.  https://cryptotips.eu/en/knowledge-base/what-is-the-abbreviation-xbt/ <=== Explains XBT That will be merely be one of the illustrations/examples of Bitcoin weakening, and breaking down political and financial strongholds. There will be entities that will use every means they have/own to reject Bitcoin and its use, but like the invention of the Telephone or the Internet, they must adopt it. The cat is out of the bag sers. |
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Our platform offers user to guess the btc price for the next 15 minute and if the user is right he will make double of his betting.
That's a GOOD SERVICE. The forum's favorite sport is "where will Bitcoin's price go within X or Y hours/days/weeks/months". I don't know why Bitcoin casinos don't have or add this simple, yet habit-forming game in their sites. Many Bitcoiners always check the price every 15 minutes. Hahaha. Does your website block some regions/jurisdictions? I receive a 403 "Forbidden Error" if I visit the website. Welcome to BitcoinTalk. |
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What do you think is the best game/ sports to gamble on ? Do you do it for winning?
The best games to gamble on are the games that you can skillfuly use the probabilities to be on your side. Card games like poker, or betting games like sports betting are these kinds of games. I believe more than 50% of people that play them do it for winning, but less than 10% of the people who try might be winning consistently to do it for a living, just like day-trading?
Are the ideas in the article according to you correct? How many times you usually win in a game of chance+skills?
It's not an article, but an actual book. |
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Worth it for who?
For us, probably not so much.
But for any government who want a perfect spyglass and tool to intercept funds? Absolutely.
But the government will do that right at the start. They will be "good boys", bringing this new digital currency to us, providing us with a more convenient, and efficient way of transacting with each other. Many people will be bullish about CBDC technology, and every disinforming troll in the forum would start encouraging us to HODL our savings in CBDC. That will be a laughable mistake. |
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Do You Think New Casino Should Partnered With Bounty Managers To Gain the Trust of the community and start on the right foot
take the case of Bitlucy where bounty manager Royse777 is the one opening and managing the thread, the thread is just perfect and everything on the casino home page is well placed.
although it would be great for new casinos to hire reputable members to manage their ANN thread or their signature campaign(if they ever plan to). but I think it would be a bad idea to start trusting the casino solely on that. there have been cases where a new casino hired a reputable member but the casino ended up scamming its gambler/s You're right, the reputational-risk will always rest on the shoulders of the bounty manager, not the new casino. But from the viewpoint of the new casino, who merely wants to lift their own reputation and build on it, I believe a good reputation-by-proxy through the bounty manager is a good path for their business. Plus those bounty managers are smart. They know which new services will have a good probability of scamming, or not scamming. |
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I don't really see any difference between a digital currency issued by the governments and fiat. There are two big problems with fiat. 1. It's centralized and the governments have full control over people money. 2. It can be printed.
A digital currency issued by a government still have both problems. I am sure they will design the so called digital currency in a way so they can increase the total supply whenever they want.
They will make design decisions that would not be of the interest of the people, believe me. We have already seen, in Canada, what the banks and the government can do to their own people. With the CBDC, the government can do it more effectively, and more efficiently. CBDC represents the extreme opposite of the Bitcoin ethos. |
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