What do you guys think about a city accepting Bitcoin for paying taxes, fines and all other invoices from the municipality.
Is it a bad thing or a good thing for the Bitcoin ecosystem ?
I think it's a good thing if people can pay their taxes also in crypto currencies. This offers a lot of opportunities for people to start switching to a fully crypto lifestyle. In case you are already being paid in bitcoins than now you can also pay bills and expenses in bitcoins. For the city this also offers opportunities with only creating some small additional financial management. The city can now choose if it wants actively to build a Bitcoin portfolio and stores the coins it receives. If they want any crypto exposure than they can directly exchange it back to fiat money. |
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I’ve been on losing streak for almost 3 weeks of gambling, not daily but in random basis for over 3 weeks. Mostly I play only live blackjack using small bankroll around 50$ to 100$ . No matter what I do, slow play or whatever betting strategy makes me lose since dealer card is always so good around 90% of my game.
What I did is I stop gambling for a week and decided to try different game so that my mind will be fresh and positive. I play slot games and manage to win huge amount that is enough to recover my 3 weeks losses and gain a decent profit. I’m just using small bet on slot games when I hit the huge jackpot.
In conclusion, if you are already having a rough time on playing same game over and over despite you have a good experience on it before. Trying new games to you and taking break will help you to snap out of your losing streak because chasing losses usually make us trap on our losses.
In your case, how do you approach when you are on losing streak so badly on specific game. Does changing game works for you?
Sorry to hear that you are in such a long losing streaks. For me the losing streak is usually just one or two days and then taking a break really helps me. When the dealer beats you 90% of the time then there is definitely something wrong. In BlackJack the winning should be more around the 50/50 levels, especially if you are playing regularly and a long time. The higher our played rounds the closer we should be getting to the expected value. Maybe you need to change your strategy up a bit, but even then it will be hard to win round when the dealer has you beat all the time. My advice would be to take a break from BlackJack and enjoy some other games. You can always try and recover your losses in a few weeks again once you forgot about the terrible losing streak. Slots is a good way to get your mind cleared again because you don't need to keep track of so many cards and constatly adjust your strategy. |
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Has anyone had the same experience before?
I think that for me it was the exact opposite. When I first started out with gambling I focused a lot on poker, because I always liked to play cards and really got hooked on the money aspect behind it. It was also the time of the big poker boom where there were new tournaments coming up every month with a lot of TV coverage. Somehow I thought that after watching the professionals play on TV I could do the same and a took a very laid back approach to my first year in poker. It didn't really work out and I lost my bankroll several times. Only after taking the game more serious and putting in the time to learn the theory behind it, I started to get positive results. What helped me a lot was to set a goal for myself and start working towards it. There will always be setbacks, but having a long term goal can help to put everything into perspective. |
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So, if a strategy is being sold for games like poker and blackjack, then it's still a bit good, but on the other hand, I guess another question would be, what is the seller still goes ahead to sell same strategy to other gamblers as well, which i sure trust he or she will as long as it's money we are talking about, this also will completely destroy the whole strategy, so, in the end, we still discover that its a very foolish decision to pay for strategy to win games, be it luck dependent games or skill or knowledge dependent games, for luck dependent game has no other strategy of winning aside luck, and this i believe is also same for knowledge based games as well.
People who sell books that teach plebs about "winning" in gambling and/or sell videos and other forms of learning materials are probably not winners in the thing they teach as well. Or the thing they teach probably was profitable before, but stopped being that and the only way to make profit from it is to sell it. The actual winners will never share their secrets. You can sell a method on how to on other niches, industries, and interests but when it comes to gambling I don't think there are methods that you can sell that will guarantee winning or even a chance to beat the house those who know gambling and the facts associated with it will not fall to this kind of offer. There's a thread here about a member who claims to be in profit in almost any casino and offers this service and members questioned this claim. Get the context. Fivestar4everMVP was talking about Poker and BlackJack, although they are games of chance, the players ars sometimes given opportunities to have the edge. I believe "finding the edge" is simpler in BlackJack than in Poker because in BlackJack utilizing psychological strategies like bluffing are not included. But there are probably some advantages for some of those books and paid materials, like teaching the user the basic understanding and strategies of the game, then sharing their experiences on how they made their own strategies based from those basic understanding and strategies. Finding the edge in BlackJack usually involved card counting. It's the only reliable method where we can turn the game from an advantage of the casino to an advantage for the player. The Problem is that casinos are aware of that and are actively searching for card counters and will ask them to stop playing. It's very hard to become a successful BlackJack player these days, it might be easier with poker. But for Poker you need to invest a lot of time to study and perfect your game. Also, card counting is not a guarantee to make money, it only turns a negative expected value in a positive one. There can still be bad days where we just accumulate losses. Card counting usually requires a large number of played hands for the player advantage to come out and make enough returns. |
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Bitcointalk Username: Mauser
SegWit BTC Address: bc1qtx4fxqc2sezsyprgwyt76p8ttw09njsrn7jfyp
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HUGE ID: 1286736
Bitcoin SegWit Address: bc1qtx4fxqc2sezsyprgwyt76p8ttw09njsrn7jfyp
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While we are so comfortable about the potentials of the decentralized digital currencies such as the Alt and the Bit coins and its centralized exchanges in the blockchains, let's also understand that the Fiats has an advantage over it that you'd have somewhere to go to and someone to hold responsible in some cases that your fund in the bank is tempered by a theft or otherwise than that of Crypto that it's transactions is operated anonymously
Everything is life is not so balanced are when you're dealing with the sweetest parts of it, we fails to consider the bitter side of it.
Most of us as at times thought about how Crypto could dominate over financial exchange for payments without considering this certain advantage of the Fiats and also considering that most persons still lives a primitive live to cope with the digitalities of advancements.
While there are some advantages Fiat money offers to us, I think that the advantages of crypto currencies are much larger. The protection layer banks offer to is might come helpful to some people, but we are paying for such services. Most bank accounts and credit cards cost a monthly fee. Banks are large corporations that have a lot of staff and like to pay big bonus, we are the consumers that make this happen. Once we make the switch to crypto currencies there will be more responsibility in our own hands, but at least nobody is taking advantage of us. |
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Many experts believe Bitcoin's surge to over $72,000 is just the beginning of its potential growth. Investors may also see this surge as a validation of Bitcoin's potential as a long-term store of value. It is important you do not brag about success. Don’t share how much you have with others. This should be obvious, but there are people that may not be so excited for you. They may tell their friends, and sooner or later someone who you don’t know, who may have the capacity for violence, may decide you are an appetizing target. This is yet another reason to use a multi-sig setup. Even if someone obtained 1 of 3 keys, they cannot steal your Bitcoin. Concurrently, your Bitcoin can be backed up. If you lose your Bitcoin you can literally just magically get it back if you have back up, that's because your Bitcoin is stored on the blockchain. If you have a copy of your "seed phrase" you can regain access to all your Bitcoin no matter which wallet you use. Don't go blabbing your mouth to everyone about your Bitcoin stack.
I fully agree with you, we shouldn't be bragging about our crypto gains. I would go even further and say that bragging is a negative character trait that should be avoided as much as possible. What's the point to make us seem bigger than we actually are? When meeting strangers that are bragging about their wealth I usually feel uncomfortable and would prefer to end the conversation quickly. Being cautious when talking to strangers also means that we can't really verify any of their claims. Who knows if they really own all the bitcoins they claim to have. I don't see a lot of upside in bragging about my gains and would share such information only with good friends and family. |
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Happy to take that Senior Spot from Mia Chloe Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=854667Current amount of posts (including this one): 6752 How much merit have you earned in the last 120 days: 13 SegWit BTC Address for Payouts: bc1qtx4fxqc2sezsyprgwyt76p8ttw09njsrn7jfyp |
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Reapplying, happy to be considered for any open spot. Thank you Bitcointalk Username: Mauser Profile link: https://bitcointalk.org/index.php?action=profile;u=8546678ombard username: Mauser Post Count: ..... (including this one): 6751 btc addy: bc1qtx4fxqc2sezsyprgwyt76p8ttw09njsrn7jfyp Forum Rank: Hero Current Merit: 527 |
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Rank- Hero
Segwit BTC address- bc1qtx4fxqc2sezsyprgwyt76p8ttw09njsrn7jfyp
Happy to take a Senior or Hero spot. Thank you for the consideration.
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1. Is running offline casinos the same as running an online casino?
2. What do online casinos have to lose if they aren't making as much money as they intended?
3. With online casinos, isn't the number of hiring being limited compared to someone who wants to run an offline casino?
4. Which one is more easier to manage than the other?
1. No, I would say the two are very different from each other and can't be compared that easily. A physical casino needs staff to run the games, the people need breaks and vacation and won't be available all the time. Online casinos are all about the software and games that are available 24/7 all around the world. Security here is all about IT and protecting the money of the clients. As with a physical casino it's all about security personnel that is trained and can spot people abusing the games like card counters. 2. The fix cost of online casinos is definitely lower; they have a much smaller head count and don't need to rent a fancy building for their operations. It's easier to close down the online casino than with a physical casino. 3. Not really, you can hire as many people as you make profits with your online casino. Having more people available means that your support staff can resolve issues much faster and you can develop new games also much faster. I don't think that there is a fixed number of employees a online casino can have. 4. This is hard to say and depends on the type of casino. If you are looking at one of the large casinos in Las Vegas than I would say it's much harder to run such a huge operation with hotel, restaurants, bars, shops and the casino itself. There is such a high number of employees and visitors that requires a lot of management. |
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When we talk about religion we cannot dine the forbidden things like alcohol, prostitution and many other things in this topic we will discuss why do gambling is forbidden (Haram, interdit) .
So can you tell me why is it forbidden in your religion?
And for the non religious persons what you think ?
I am not really a religious person, so all my knowledge about Christianity is from the school days a long time ago. As far as I know gambling is not forbidden, it's just not liked by the religion. Instead of gambling, people should live a usefull life that would see us donate our money to good causes instead of spending it on things like alcoholm or gambling. Of course this is not something most people follow in their everyday life. Among my close friends nobody is really religious anymore and I think that the longer people stay in school and study, the lower the percentage of religious people in a society will be. It's hard to link faith to all the physical advancements the human race made in the last 100 years. Everybody should decide for themselves what kind of life they want to live and drinking alcohol, smoking or gambling is fine as long as it's not the main focus of your life. We are old enough to make our own desicisions and don't need to live by rules that where made a long time ago. |
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I was reading some text by Victor Frankl and in it he believed that the most important thing we can do for our fellow human beings is to give them hope for the future. With regards to the bitcoin, its purpose is in line with this idea. In the Bitcoin White paper, it is outlined that Bitcoin represents a decentralized financial system, that will offer hope for economic empowerment and financial inclusion, especially in regions facing economic instability or lacking access to traditional banking. By granting people the power to be in charge of their finances through non-custodial wallets, and offering an alternative to centralized systems, Bitcoin carries with it the hope for a more equitable and inclusive future. You can see the connections between these two and it is phenomenal. It is just amamzing. Isn't it. I just thought to share it here.
It's good to remind us that we are the people that design our own future. It was other great man that brought us to the point we are at right now, and now it's our own turn to help and shape the future in the best possible way. We all have a choice each day in what money we use, where we save and in what assets we invest in. Choosing crypto currencies over fiat money is important, because it shows the big corporations that the number of crypto users is growing. As long as we all work together we can keep pushing bitcoin forward, to one day overtake fiat currencies in their daily use. |
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1. At what age will you allow your child to start gambling? that is if you will even allow for that at all?
2. At what age do you see yourself quit gambling? that is also if some of us are going to ever do so?
3. Ever since you have started gambling, have you ever achieve a satisfying level that makes you think it has good impact on you?
4. Would you have missed out on anything if you were not a gambler?
1. Gambling in a casino is only allowed with 18 years in my country, I wouldn't try to get my kids into a casino before that. And even with 18 I would let make their own decisions but not encourage it. Before that it would only be fine to play games at home for money. Once you turn 16 I think it's fine to play poker with your friends using real money. 2. I don't really see myself quitting gambling any time soon. 3. Not sure if I understand that correctly. You mean making enough money in gambling to be satisfied? So far I didn't win big yet. 4. I had a lot of fun visiting our local casino with my friends and don't want to miss out on that experience. |
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Over 95% of the US dollar is digital and all of the digital dollars are in the custody of a Bank. When you make a purchase or transfer your US dollars your transaction is tracked and approved by the bank and by extension, the US Government.
Can you consider a transaction that is monitored and approved sound?
I think for a money to be sound you must be able to transact privately with no third party in the transactions.
What do you think?
A government will argue the exact opposite, that a transaction that can be tracked and verified is not sound. The answer probably is somewhere in between. The government relies on taxation which is why they want to be sure that everything can be tracked and people don't engage in tax evasion. As for the average consumer that is looking for privacy there is still the option to use cash and not be tracked by the government. The problem with large cash purchases is that we need to meet the buyer or seller in person and don't know how safe that encounter is going to be. |
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Hey everyone,
As online gambling platforms continue to grow in popularity, I’ve been wondering about the future of traditional, land based casinos. With the convenience and accessibility of online betting, will brick-and-mortar casinos become a thing of the past, or will they evolve to offer experiences that can’t be replicated online?
Do you think they’ll manage to hold their ground, or will we see a shift towards exclusively digital platforms?
I do think that online gambling will become even bigger and the future and take more market share away from the traditional casinos. The easy access from your home is just so much more comfortable that more and more people will start switching to online gambling as their main form of gambling in the future. However, even with a more dominate role of the online gambling industry I don't see any threats of physical casinos going to disappear. This mainly due to the fact that the two don't offer the exact same of services. When it comes to online gambling it's all about playing the casino games, there is no real interaction with other gamblers and we are not taking advantage of other services the casino could offer. During a visit to a physical casino we can drink cheap alcohol, stay in cheap hotels and take advantage of all the amenities that the big casinos like to offer to attract their customers. Going to Las Vegas is a full vacation with awesome shows, good food, nice scenery and also just hanging out in the pool. Gambling is a big part of that vacation, but it's not going to be our only focus. The whole concept of entertainment and having a good time can be offered differently in a physical casino that it can be done in online casinos. |
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So once all this Other Stuff Happens, what Happens Next is Cold Storage. For example, You could have a Cold Storage Wallet (Basically a Password), that is engraved on the Inside of a Ring on Your Finger, or Hidden Printed on some Other Piece of Metal. It could be a Sword Imbued with Bitcoin. But this kind of Thing is what is going to Raise the Price of Bitcoin once we get Past the Mining Education.
And now, there is a Big Mining Infrastructure, and it's not going away. So that will Grow, and Everyone will Start getting more and more invested, as a Species that is. And Eventually the Price will Reach $100,000 and $1,000,000, it just might Take 100 Years. But $100,000 Probably isn't 100 Years away.
Happy to hear that you have been invested in Bitcoin at such a early stage. Making such kind of returns like you did are life changing and you should be proud of yourself. It's good to try and learn from the past and take this as a basis for the future development of bitcoins, but it's not a guarantee that the price is going to move in a similar pattern. Especially the sudden price rise in 2024 shows how quickly the conception of Bitcoins are going to change. I always expected that once a new ATH is reached there will be a big sell off from people that take profits. The sell off this year was quite small and the Bitcoin price did well to stay above 60,000 USD. That is why I think that the 100,000 USD level is going to be broken fairly quickly. As for the 1 million level it's going to take much longer, 100 years might be a bit much, but 20 years seems more realistic for me. |
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Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=854667Current amount of posts (including this one): 6741 How much merit have you earned in the last 120 days: 13 SegWit BTC Address for Payouts: bc1qtx4fxqc2sezsyprgwyt76p8ttw09njsrn7jfyp Happy to apply for a Senior member position |
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