Search content
Sort by

Showing 20 of 767 results by DaftAjax
Post
Topic
Board Economics
Re: Chinese New Year - Crypto Market
by
DaftAjax
on 21/01/2020, 21:03:27 UTC
In most cases those are just speculative "correlations", be it with political events, with stock market news, or else. And Chinese New Year is not an exception. Even if Bitcoin was traded in China only, why should its price correlate with something like a New Year?

It is as if it's intentional and trying to prove something. China trying show dominance but honestly, they're barking on the wrong tree. The community doesn't give an F (Disclaimer, I don't mean any disrespect to the Chinese New Year), this community will have its way to progress one way or another.

Quote
Don't get me wrong. I'm not trying to say that BTC price will not rise in the nearest future. In all likelihood it will. But hardly Chinese New Year will be the reason for that.

In all generosity, it might just add up but doesn't really have a great impact, and if the illustration is correct the February thing is just pure coincidence.
Post
Topic
Board Economics
Re: New Hampshire bill to allow taxes to be paid in Bitcoin falls short
by
DaftAjax
on 21/01/2020, 20:43:02 UTC
This "project" is young still. The market is still figuring out what the best utility for Bitcoin is, and obviously a store of value or investment is the primary use at this point. And can you blame anyone for that when the price as movement? No. Bitcoin being an alternative investment is still enabling owners to 1. growth their wealth, and 2. keep some of their wealth outside of government or geo political influence.

Sure, it's still young~~ 10 years have passed it certainly does not feel young at all. If I'm being honest, it keeps on being a roller coaster ride--being better at times and worse at other times, but at least it's been improving for the most part. But lately, it has become a hindrance, I guess I kinda agree with the OP, holding is quite troublesome.

Quote
Question for you and everyone else...how long would the price of Bitcoin need to be stable before people started using it more as a medium for exchange rather than a store of value? Would $10k/BTC for a year be enough? for five years?

A store of value, do you mean like gold and silver? And does Bitcoin have to be stable?
Post
Topic
Board Economics
Re: Venezuela Is Now More Than 50% Dollarized, Study Finds
by
DaftAjax
on 21/01/2020, 20:18:38 UTC
They need stable currency, that is true. But is it foreign currency solution? This is also the way that one country colonize the other, in a way. Bitcoin can't help the country, it can only be support for individuals but it can't save economy and financial system in Venezuela. They need help but not in a way that will longterm only make them weaker and more vulnerable.

Using local currency will not help either, considering they would rather use a foreign currency. True, it could mean a way of colonizing. I guess they should fix internal affairs first, as the OP said the Electricity as well as maybe changing their leader, they seem to not know how to run a country. I'm not a person that indulges into politics but at least I know if that politician fits for the role or not.
Post
Topic
Board Economics
Re: Say Goodbye to Banking as We Know It
by
DaftAjax
on 21/01/2020, 17:58:35 UTC
Banking is not a problem,the fiat is the one.

Crypto may replace them when people call it as currency but as of now its being considered as an investment.

Uhh... But isn't banking is basically based on fiat? Uhh... NO. It is considered as currency in the first place, but as time come to pass it turned out to become an investment.

We can say goodbye to bank but if you want to make the official transaction or any government oriented transaction means you need to have banking approved transaction receive to get paid for it.
That is a reason many of the people in the cities even they know the Bitcoin and its uses they are not accepting Bitcoin like how they are using the fiat currencies now.

You seem to not understand the idea. Well, basically, we know that banks are either public (by the government) or private (by credit unions). But by this, the government are intending to have complete control over by implementing crypto of their own, and would drastically reduce the effect of banking, especially if the government will force you to use it.
Post
Topic
Board Gambling discussion
Re: What's in the game, after all?
by
DaftAjax
on 21/01/2020, 17:24:03 UTC
I am not sure if you can always winning because that will not be possible in gambling.

That's not what I meant. I'm just pointing out that eventually, you'll get tired of always winning, and sometimes intend to lose just to win again and feel the same feeling every time you achieve a victory.

That's because you are likely not bored to death in life (pardon the pun)

But when you are, and don't know how to spend your time, gambling becomes an appealing option. And personally, I don't consider it any worse than any other option out there as long as you keep it that way, as a small roller coaster to spice up your dull and uninteresting life. In fact, it works just wonders

But unlike so many other options, the problem with gambling is that it is highly addictive, and most people learn it the hard way, after losing something which they didn't expect and didn't plan to lose

Well, If I'm being honest I do some gambling, but not with money, at least I don't think it is. Are you familiar with the term "gacha"? In other terms its "loot boxes", "treasures" or something similar like that. You will get a certain "item", and the rarity depends on RNG. And it certainly is "fun" to say the least--there are other things that include the "gacha" part but it's really complicated to explain by just some sentences.
Post
Topic
Board Gambling discussion
Re: Lottery In Your Place
by
DaftAjax
on 21/01/2020, 17:03:27 UTC
I think you misunderstood what @STT has said, he didn't mean those police bribing gambling games to protect them in exchange, though there are something like but only for illegal gambling, just like what you have said, but @STT were trying to say is that the Government gives permit to certain gambling games like lottery and casinos, that is why police are in charge just in case if there will be crimes about gambling, since policemen are under of the Government's hands.

This may sound confusing but, I think you misunderstood what I just said to STT and thought I misunderstood what he meant, also you misunderstanding what he really meant.

First, STT is pointing out that it's pointless to ban "gambling" in any country because instead of using the police to prevent crime they intend on having "surveillance" on people that will attempt to do gambling activities. To be clear, instead of using "gambling" to the country's advantage they would rather not use it at all. It's not about the police being "in charge" to casinos to ensure the security. And then for me, I find it also stupid because it would only result in corruption if they ban gambling in the country.
Post
Topic
Board Gambling discussion
Re: Anyone here dream of achieving their financial goal in life through gambling?
by
DaftAjax
on 21/01/2020, 16:33:10 UTC
Although there are recorded people who seem to be very lucky to have won more than two lottery jackpots, these instances are very rare. It happens to one or two or a few more people among billions of people who have gambled. I don't think it is true that there is such a person as lucky by nature. That is a myth. What is there is basically coincidence.

Believe me, there are people like that--"lucky" as you preferred. But unfortunately, their all-seem-"fortunate" winnings will end up draining so quickly that they never even realized--they don't seem to care in the first place. As they didn't know how to manage their money and forgets the fact that it's finite.
Post
Topic
Board Gambling discussion
Re: two gambling games that are players favorite
by
DaftAjax
on 21/01/2020, 16:18:36 UTC
Each of us do really have preference when choosing up a game and there are people who are fan of just solely playing dice or slots
and some do find interest on playing unique games and some would like to play sports.It depends on where your interest do fits in
thats why we do see lots of variety on this market when it comes to gambling type of games.

Exactly. If you're just wanted to play solely for the sake of entertainment, it only makes sense on playing dice and slots because it's easier and creates less worry unlike other games (like poker) that needs concentration and critical decision making to assure your win. So if you're serious about gambling then those games ae for you.
Post
Topic
Board Gambling discussion
Re: two gambling games that are players favorite
by
DaftAjax
on 20/01/2020, 17:33:33 UTC
Easy to play that's for sure, but you're overlooking things. In seriousness, if you really wanted to play and win on these gambling-games there are strategies involved. But in gambling-games like poker, it's a given that it includes strategy and critical decision making--to ensure your win that is. At least in poker, the odds are not as difficult to predict as the other, being dice. Well, I say that but usually, people don't know that there are certain strategies involved in playing this (well, if you're playing solely for fun then you don't have to worry about this). You might tell me I'm stupid or overreacting but trust me I'm not.
Post
Topic
Board Gambling discussion
Re: Anyone here dream of achieving their financial goal in life through gambling?
by
DaftAjax
on 20/01/2020, 17:12:46 UTC
we take big risk to gain big rewards so if we will be successful, we don't need to work anymore and just enjoy the rest of our life doing the things that we can't do due to lack of money.

I don't think being successful means having lots of money, it really depends on any individual (but I guess that's just one thing). If you don't work anymore, then how in blazes would you keep up on your spending aka doing the things that we can't do.... Disclaimer, working is not the same as having a job, there's a difference.

I think your ideals will remain as ideals if you don't change that mentality of yours.

And I would hit you a reality check here. If you would ever win a really huge amount of money from gambling--a fortune. And then sticking to your ideals of "not working anymore and just do things you want", that fortune will quickly be drained into the sink. A sink of reality, that idea of yours is very naive.
Post
Topic
Board Gambling discussion
Re: Lottery In Your Place
by
DaftAjax
on 20/01/2020, 16:47:35 UTC
What a waste of time, police is for crime not personal choices.   The government could be taxing the lottery while helping to ensure its run properly, instead they are wasting the countrys money chasing their own tails for no possible benefit.   Double negative, this is what makes a country poor because people will gamble on something or other anyway.   How would they view marbles for money  Grin

Even a simple crime like stealing is not assured by the police, much more if it was gambling. Not to mention if it really is banned in a certain country, I bet (no pun intended) there are a lot of corrupt officials that let these underground casinos operate--they bribe them in exchange for protection. It is indeed a waste of money, not a very wise decision. A bit unrelated but in the US, they even legalized weed, I don't have any "statistical" information to present but we know pretty well how it could affect the country--economic-wise that is.
Post
Topic
Board Gambling discussion
Re: What's in the game, after all?
by
DaftAjax
on 20/01/2020, 16:16:42 UTC
I mean, if you are looking at gambling as an opportunity to "get rich fast", you obviously won't think of it as a form of entertainment. It will be more like a job to you, so you won't feel so much joy and fun. And even if you earn something in the process (which is a big if but still), you will feel something more like satisfaction, the kind of feeling you experience after you have finished some hard job with a meaningful result

Agreed.

Gambling is broad, or should I say it has many categories. If I were to make it a job, it doesn't make sense to be serious on a dice, a slot machine, especially a lottery. Though given the odds, it will surely make me more money but I'd rather wager on something that I could assure victory--poker for example (well, most professional gambling involves cards).

Quote
As I see it now, the point of gambling (as in gambling per se and not some kind of an odd or even regular job) is in fact to give you some stress at first, and then provide an experience of relief from that stress. If you win, then you will feel that relief. If you lose, it again depends on your overall attitude as the loss could actually bring you even more stress. And then you start chasing losses and get into the stress spiral

In short, it's a roller coaster ride. Hmm. Not bad I think. Personally I wouldn't really enjoy something like this. But hey it's just me, to each their own.

Quote
It works in the way described above. With gambling, you at first intentionally work yourself up (before the bet) and then quiet down (after the bet). It is this cycle that makes gambling so attractive because we are wired that way to feel alive. We need both stress and stress relief at the end of the day

Well, if you think about it. Always winning is indeed pretty boring, it's very satisfying for sure. But after that you'll crave a challenge, that's why on your next bet you sometimes wager more.
Post
Topic
Board Gambling
Re: Crypto Lottery Relaunch Now Live! Play and Earn With Lottoshi!
by
DaftAjax
on 20/01/2020, 16:00:32 UTC
I guess it is one thing to engender decentralization in a lottery and quite another to use a pseudonym in a business whitepaper. This is not an anonymous coin you are making. You are operating a lottery, a gambling site which should be duly registered with complete real names of the development team, and with a mechanism to prove the fairness of the draws.

Exactly! Just like IRL, companies that are involved in lottery have to have a permit to operate (well, you don't really need it here) and identity for legal reasons, as well as if it's genuine. But let's be honest, here, even if they do provide such information they still get away with it, easily.

You wont able to see such thing if sites directly make their own and didnt go on having an ICO

Definitely shady.

When you log in do players really need to download an app?.

This also adds up.
Post
Topic
Board Gambling
Re: Crypto Lottery Relaunch Now Live! Play and Earn With Lottoshi!
by
DaftAjax
on 18/01/2020, 17:06:01 UTC
you can both play and invest here actually. have you visited their website?

Since you're verbose in their service (assuming), allow me to ask you something. How is your experience with it, is there no known issue (I don't know, baked RNG?) or anything that could mess up a user's experience? Can you at least list some known complaints?
Post
Topic
Board Gambling discussion
Re: What's in the game, after all?
by
DaftAjax
on 18/01/2020, 16:50:10 UTC
Deep inside, somehow I don't buy into this theory about gambling being a stress-reliever in general. On the contrary, I'd rather say it gives us an adrenaline rush which makes us feel alive (again) when we feel bored. Put differently, there is no relief of stress as our inner and subconscious longings for gambling are more about receiving some portion of stress instead of getting rid of it.

Well, by that, should we be really categorize gambling as means of entertainment? To some extent maybe? But I agree, it could never be a form of stress-relief, as long as an activity involves risks (losing money, or losing in general) I don't think that could relieve any stress at all. It could result in some pretty nasty poison in our minds: anxiety, depression, desperation, etc.

Quote
Whether you can control the amount of this stress and keep it manageable is another question, though

Agreed. I think the true stress-relieving activity is when it rewards you relaxation, instead of clinging to something that may make you feel worse than you already are.
Post
Topic
Board Gambling
Re: Crypto Lottery Relaunch Now Live! Play and Earn With Lottoshi!
by
DaftAjax
on 17/01/2020, 03:42:30 UTC
Last time I check lotto is probably the least way to earn money. Since the chance of winning and the amount of winnings is proportional to the number of participants, given the probability of every lotto out there, how is this different? Unless there are modes on winning; lesser price pool but a higher chance of winning that is.




Indeed we hope more users can participate, we had a wave of players from a couple other forums previously, we hope to duplicate the success here as well.
How much minimum deposit and buy tickets?
and who is Lottoshi Nakamoto? https://lottoshi.io/assets/LottoshiThesis.pdf
Look like your whitepaper similar bitcoin whitepaper.

https://images2.imgbox.com/99/14/r4EjSX8g_o.png


Agreed. It's very similar, I would hope they put a lot more customization, to make it believable that is.
Post
Topic
Board Gambling discussion
Re: What's in the game, after all?
by
DaftAjax
on 17/01/2020, 03:26:04 UTC
Then it's contradictory to the idea of being a stress-relief if you would be more stressed on worrying about winning or losing. Don't get me wrong everyone wants to win, but to what extent do we consider it as having fun?

The interesting thing is that we are not interested (I like this turn of phrase) in playing games where we can't lose anything. As I pointed out earlier in the thread, we could play the same dice using the test mode of a gambling bot (e.g. Seuntjies DiceBot), but I don't think we would get a lot of pleasure out of this activity. And now we have two extremes. At one extreme, we must expect to lose something in order to make a game interesting to us, and, at the other extreme, losses can be quite worrying and far from being fun (let alone being a stress-reliever)

Winning (or should I say having a win-streak) is like feeding our own ego. From a positive perspective, it gives us confidence that makes our decision more decisive than usual and trusting whatever that may be. In contrast, it makes us cocky and temporarily forgets that there's a possibility to lose, after all, gambling is not biased to anyone. At some point, it could make you the role of a king, but at the same time, it could make you the role of a beggar. And by that, I hardly think gambling could be a stress-reliever to the majority of people.
Post
Topic
Board Services
Re: Acewins.io Signature Campaign (1 Sr Member slot open)
by
DaftAjax
on 17/01/2020, 03:01:46 UTC
Bitcointalk Profile Link- https://bitcointalk.org/index.php?action=profile;u=894862
BTC address- 3FfCUoTrp8duXoT1PeDDzGxPRYJirDFjKS

Will update the Avatar and Signature once accepted.
Accepted.
Please update the signature and avatar, PM me with your post count once you are done.
We are full now.

Thank you will change immediately.
Post
Topic
Board Services
Re: Acewins.io Signature Campaign (1 Sr Member slot open)
by
DaftAjax
on 15/01/2020, 03:16:15 UTC
Bitcointalk Profile Link- https://bitcointalk.org/index.php?action=profile;u=894862
BTC address- 3FfCUoTrp8duXoT1PeDDzGxPRYJirDFjKS

Will update the Avatar and Signature once accepted.
Post
Topic
Board Gambling discussion
Re: What's in the game, after all?
by
DaftAjax
on 15/01/2020, 03:07:57 UTC
It could be said that gambling works as a stress reliever .Actually it works by the same fundamental principle. If you are into some problem then via gambling your attention would get diverted towards the game and it would actually help you to forget about the worries for some time. But it could not eradicate the problem completely.

So you mean to say escapism. But how long do you think it would be just an escapism, have you consider it as being an addiction?

Normal for us to have these kind of reactions specially when we do already deal with big amounts and even we do say that we are playing just for fun its still for ourselves to get stressed
and got worried if we lost that one unless if you are hella of a rich guy that doesn't bother on losing money.Each person do have its own consideration when it comes on whats big amount to them.$100 might be small for some but for majority it would be big so if you do seek for entertainment ,you wont consider on using all of the amount but due to impulsive reactions along the way then most likely you would end up on the common path.

Then it's contradictory to the idea of being a stress-relief if you would be more stressed on worrying about winning or losing. Don't get me wrong everyone wants to win, but to what extent do we consider it as having fun?