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#whether you have an even or odd number of tokens and if you’ve drawn from the major arcana in the past thirteen turns
strikecommanding · 6 years
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Sweet
this is a 5k commission featuring reaper and a sweet fem reader!
also on ao3
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“You seem to be doing well, Gabriel.”
Reaper tossed a glare over his shoulder, though most of his face was obscured by the shadow cast by his hood. Then, deciding it would be more of a headache to try to dismiss Moira rather than at least humor her, he murmured, “That’s an odd thing to say to someone you’re patching up.”
Moira let out a humorless laugh, not taking her eyes off of his pale, wispy bicep as she wrapped bandages around a large wound. Sometimes, even advanced cellular regeneration wasn’t adequate in dealing with some of the injuries he received. “The reckless things you do on a regular basis would be sure suicide for a normal person, or even a super soldier. That you’re not only alive but also barely scathed is a product of my genetic work. You’ve taken well to it. Or should I say, it’s taken well to you?”
The reminder of how he’d become this way put Reaper in a sour mood, more so than usual. Once Moira was finished, he snatched his arm back from her and tugged his gloves back on, storming out of the room without another word.
Moira was a fairly recent addition to Talon, one to whom Reaper had yet to become fully acclimated. He hadn’t seen her since before Overwatch’s fall, when she turned him into this… thing. By now, he was beyond demanding a cure from her; when confronted, she would only say that the work she did in the past was only possible due to resources she no longer had. But he never missed that subtle, sinister glint in her eyes whenever they crossed paths. She always seemed to be looking at him like he was a specimen on a tray.
In short, he didn’t trust her. She could be trusted when it came to work; she wasn’t so stupid to risk the team’s lives on the field, and with them, her own life. On a long-term basis, however, he wasn’t too keen on letting her continue to patch him up so she could leer at him the way she did.
He needed a personal medic, one whom he could count on to not bring about his own destruction. When he had off-time between missions, he found himself staking out a rundown hospital in a small, isolated town. Relative to the business it saw as the only one of its kind for miles, it was severely understaffed. Reaper vaguely entertained the idea of contributing to that problem by snatching up one of its nurses or doctors for his own purposes. Anyone would be better than Moira.
He started slow with simple observation, only ever visiting the hospital at night and slinking through the shadows to look over the workers like they were items in a catalogue. They all seemed as miserable as their surroundings, and then he got an eyeful of you.
You looked young, fresh out of medical school and straight into your first full-time job. Some luck of the draw for it to be in this shithole. As if in direct contrast to your surroundings, your face was always bright with a soft, gentle smile, one you flashed to every patient and doctor with whom you interacted. It was clear in your demeanor that you only ever wanted to help, and that perhaps you wouldn’t deflate as easily as some of your more veteran co-workers. It wouldn’t be easy to break your spirit.
That was fine. You didn’t need to be broken, just easy to control.
He would come back on subsequent nights to watch you, and he quickly learned that your passion for the job was yards ahead of your actual ability. You weren’t exactly incompetent, but it was painfully obvious that this was all new to you. Not quite ready yet to jump right away at the beck and call of every doctor who needed you, or to respond efficiently to every high pressure situation. What he first perceived in you as an unceasing sense of altruism was only a partial truth; your eagerness to please stemmed from a deep desire for praise and validation, neither of which you seemed to receive very often. If all it took was a little token of praise to get you to do his bidding, then you were one hell of an exploitable resource.
Reaper couldn’t be hasty, however. Even if he could keep you on a tight leash, you had to be proficient. The last thing he wanted was to waste his time on a medic who couldn’t even do her job. If you couldn’t prove that you’d be worth the investment, he’d just have to carry on his search elsewhere. But he was already so drawn to you both by the ease with which he could control you and some force to which he couldn’t put a name, so part of him sincerely hoped that you wouldn’t disappoint.
He didn’t have the patience to wait for trouble to come to you on its own, so he elected to take matters into his own hands. That poor fuck just outside of the hospital was at the wrong place at the wrong time, and it was all too easy for Reaper to reach out to him under the cover of night and rough him up a bit. Not enough to kill him immediately, but just enough to be fatal if someone didn’t help him quick. Once he was finished, he dumped the bastard just outside the hospital doors where you would surely see him.
That night, the hospital had even less hands on deck than usual. Newbie though you were, you were the veteran tonight, since many of your more senior co-workers had either been transferred to busier floors or simply hadn’t come in at all. You jolted when you first noticed the beaten and battered man lying just outside, and Reaper half-expected you to freeze up in your tracks. He hoped you wouldn’t.
You didn’t. Though this was your first time seeing that level of gore since you started working here, you were still trained to respond to emergencies. You hadn’t been the quickest about doing that when Reaper first began watching you, but you seemed determined to turn it all around now. You flew into action immediately by wheeling over a gurney to place the patient on and quickly transported him to the trauma bay. It was a bit difficult to follow you in there considering how few shadows there were in which to hide, but he doubted you’d even notice him with your full attention on the patient.
You were the only nurse among a number of doctors all clamoring over the patient, all of whom had their own separate duties to determine the best course of action to go about next. The pressure was truly on as you alone had to handle a job that typically belonged to a team, a team that currently wasn’t here. But maybe this was exactly the right amount of pressure you needed to flourish, as you quickly and efficiently stabilized the patient’s vitals, gathered the necessary meds, and prepped him for surgery. You went with the doctors into an operating theater, but Reaper didn’t follow you there. Instead, he remained outside, waiting patiently to find out whether or not your first high-stress emergency case would end in success.
It took just over six hours, but Reaper watched you leave the ER looking more fatigued than when you’d first walked in. You had to leap into action right from a dead night, after all. You looked tired but ultimately satisfied as you exited alongside a doctor, likely the surgeon you’d assisted, and Reaper crept in just the slightest bit to hear what the two of you were saying.
“Well that was,” the doctor sighed, “exciting. More excitement than this hospital has seen in a while.”
You smiled up at him. “You did great, Doctor. Everything went smoothly.”
He returned the gesture, and seeing the way you both looked at each other made Reaper sneer. “Give yourself some credit. If you hadn’t acted as quickly as you did, who knows if he would have even made it to the table.”
When you looked up with those starry eyes and a hint of pink dusting your cheeks, Reaper’s sneer quickly became a scowl. He knew that praise as simple as that was all it took to make you light up, but that was something he alone felt entitled to exploiting. Oblivious to it all, you simply answered, “You flatter me, sir.”
“I mean it. You did a good job in there,” the doctor insisted, and, as if to drive the point home, he rested his palm atop your head. You avoided eye contact with him, but Reaper didn’t miss the way both your smile and your blush grew deeper. “You’re good at what you do, and your talent might be wasting away in a dump like this. Have you considered requesting a transfer to our parent branch up in the city? You might be better off there.”
The mention of transferring seemed to break you out of your blushing schoolgirl daze, and the look in your eyes suggested that you were pondering his suggestion. “Really, I’m just happy to be of help anywhere…”
He smiled at you again with an added emotion to which Reaper couldn’t quite put a name, but he did know that it made him mad. “You’re sweet, but sweetness alone won’t get you far. Go home for today, and contact me if you’re at all interested in what I said.”
He left you, and you stood there alone with a pensive expression. Reaper watched that expression slowly become an endearingly goofy little grin as you went off to collect your belongings from your station, murmuring to yourself, “He called me sweet.”
Something happened, something that Reaper couldn’t quite explain, but it made his decision for him. The doctor was right: you were being wasted on a place like this. If you wanted to help out where you could, he knew of a place where you’d be of use to something far greater than a sleazy doctor who looked at you the wrong way. As he followed you out to your car in an isolated corner of the lot, Reaper had a feeling he was being influenced by something other than his desire for a personal medic. But again, it was something that was better off unnamed.
---
The feeling of your small, bound form trembling over his shoulder was impossible to ignore as Reaper carried you through Talon headquarters. It might as well have been below freezing with the way you were shaking, but he knew better than to think the temperature was the cause. You were scared stiff from being abruptly swept away by a stranger. It would be hard in the beginning, but he was sure you’d come to adjust to life with him. If not from actual comfort, then you would at least learn to settle for the sake of survival.
You sniffled instead of sobbed, likely because your tears were all dried up by now. “Who are you?”
Reaper said nothing and focused solely on bringing you to a private room. On his way, he ran into none other than his annoying pest of a teammate, Sombra. She was at the end of the hall and showed no signs of moving, and the inquisitive quirk of her brow and her lips informed him that she wouldn’t make it easy for him to get past her. When he tried to sidestep her, she just perked up and questioned, “Whatcha got there, Gabe? A pet?”
He hefted you over his shoulder, almost defensively, as Sombra circled around to get a better look at you. Your eyes were covered and your mouth gagged, leaving only your tear-drenched cheeks exposed for her prying stare. You jolted when she abruptly poked the tip of your nose with her sharply manicured finger, and she got a good laugh out of it. Shifting you again and inadvertently getting another rise out of you, Reaper murmured, “More like… an asset.”
“Oh?” The inquisitive look on her face quickly became a suggestive one, and he took that as his cue to leave. Thankfully, Sombra decided to leave him be, but he knew he hadn’t heard the last of this matter from his nosy underling. He would deal with that when he needed to; right now, he just wanted to take you somewhere secure where few people other than himself had access to.
Stepping in and locking the door behind him, he finally let you go, and you fell with a muffled cry and an unceremonious thud. But you didn’t dare move, even as he crouched over you to rid you of your blindfold and gag. Your eyes were still squeezed shut, allowing the tears to flow freely over your cheeks, red from exertion. You flinched when he suddenly raised a hand to you and lightly dragged the tips of his claw over your skin. “Open your eyes. Look at me.”
You were hesitant to obey him at first, but it seemed your survival instincts won out when you felt the drag of his claws wiping tears away just beneath your eyes. The stars that practically lined your irises when you were looking up at that doctor were gone now, snuffed out by your fear at being taken by an unknown man. Now, your eyes shone only with brimming tears.
Reaper continued stroking your cheek, waiting for you to stop trembling. When you finally stilled, you were stiff, not relaxed. Regardless, he asked you, “Do you know why you’re here?”
You stared up at him like you were trying to find his eyes behind the impenetrable blackness of his mask’s sockets. When your search predictably came up empty, your cautiously looked around the room in an effort to assess your surroundings and figure out where you were. Obviously, nothing was familiar, and he could see you come to that conclusion by your dim stare. You slowly shook your head no.
The very tips of his claws stroked gently along your jawline, and he could feel your breath catch in your throat. You were starting to tremble again, so he took firm hold of your chin and angled you up to look at him. Behind his mask, he wore a crooked parody of a smile. “It’s because you’re very good at what you do.”
---
You couldn’t adjust right away. Of course, Reaper didn’t expect you to immediately take to being kidnapped by a wanted terrorist and mercenary who was more monster than man, for no reason other than to serve as his personal nurse. But he didn’t care about whether or not you wanted to do it; you just had to do it. You knew this as well, and since you wanted to survive, you did what you were told.
In exchange for your swift and efficient fixes to every minor bump or bruise he received on a mission, he treated you well. He made sure you were fed and taken care of, and you were allowed access to anything on base that would keep you entertained, barring weapons or communication devices. You were an asset, after all, not necessarily a prisoner.
Perhaps you could sense that Reaper didn’t mean you any harm, direct or indirect, as you slowly became more comfortable around him. At first, simply being in his presence would render you a spineless, voiceless shell of the person you used to be, and it was obvious that your every action was solely influenced by the will to stay alive. But after months of aiding him, of being in close quarters with him without so much as him raising a hand to you, you seemed to be able to relax. This was most obvious when you started talking to him during his post-mission visits.
Reaper blew into your room, the majority of his composition smoke rather than flesh for the sake of mobility. He grounded himself firmly in front of you as you sat on the edge of your bed, setting aside your book now that something much worthier of your attention had appeared. Already used to the routine, you went to fetch your medkit while he began undressing. He shucked his longcoat to the floor, pointedly keeping the mask on, and removed just as much clothing as was necessary for you to be able to access his wound. It was a long, deep gash that cut along both shoulder blades. The ninja, his own former underling, had literally stabbed him in the back.
He sat on the edge of the bed and felt it sink slightly beneath your weight as you crawled up behind him. Your wide-eyed stare was painfully obvious, and he didn’t even need to turn around to confirm it. Instead, he counted down in his head to when you would start speaking to him. “What happened today?”
He was just about half a second too slow. You were getting bolder everyday, talking more, and more frequently as well. “Visited some old friends.”
The chill of your damp washcloth as it dragged against his skin and soaked up all the blood was bracing, and the sting of the disinfectant that shortly followed was comparatively lesser. “What kind of friend does this?”
Turning his head this way and that, he rolled the kinks out of his neck and let out a deep sigh. The reflection of his mask was vaguely visible in the ends of his shotgun shells, abandoned on the floor. “The kind that I let down.”
You were quiet after that, and Reaper thought that might have killed the conversation for good. He didn’t tell you much about his past, and even less about his condition, but what little he did reveal to you included his involvement with a black ops division of a military organization. Downplayed, of course, so you wouldn’t come to the right conclusion that that organization was Overwatch. You spoke up again, but softer, “Did they used to work with you too?”
“...Yeah.”
It was only then that you stopped talking, like you could sense that he wasn’t willing to broach the topic any further. Though it wasn’t something he would ever openly admit to himself, he appreciated that you knew when you were allowed to probe and when you should hold back. You were considerate, even towards your own kidnapper, and it only emphasized what Reaper already knew: you were sweet. Even after all this time spent with a man as rotten as him, your big heart never eroded or decayed. Sometimes he felt guilty keeping it locked up all to himself, but he believed no one else had the right to it. But then that begged the question: what did he do to deserve the right to your kind heart, other than be the scumbag who kidnapped you? Once he found himself falling down that rabbit hole, he shut the thought out violently and tried to think of you as a medic, and nothing more.
Reaper’s thoughts were fortuitously disturbed by an outside force, which was the feeling of your delicate fingertips lightly pinching the skin of his bicep. He turned slightly, tossing you a vaguely curious look beneath his mask, but that only prompted you to pinch him harder. It didn’t hurt, but he decided to humor you. “Ow.”
You leaned back and returned your attention to the wound on his back, an odd, dry smile playing on your lips. Now that he thought about it, he hadn’t seen a genuine smile on your face since the night he took you away. “That’s for going out and being reckless again.”
He let out a curt exhale, his version of a laugh. “It’s in my job description. Yours is to patch me up so I can go back out and do it all over again.”
“Well,” you replied, voice lilted with amusement, “if it keeps you coming back. It’s lonely when you’re not around.”
The shift in the atmosphere was distinct after you said that, like you’d revealed something you didn’t mean to. That suspicion was confirmed immediately by the soft gasp you emitted, surprised at yourself for speaking so candidly. But, since you respected Reaper’s privacy, he respected yours by not pressing you further. He simply sat in silence while you stiffly stitched him up and treated any other wounds he might have suffered. Once you were finished, you let him know with a gentle pat against the base of his neck, prompting him to stand and redress. He glanced at you while he did so, only to find that you were too embarrassed to meet his gaze.
Words failed him now, but even if they hadn’t, what was he supposed to say to that? At the same time, he felt like leaving on that note would have offered you no relief, so he had to do something. Ultimately, he defused the situation by raising a gentle hand to the top of your head. You stiffened just the slightest bit until he began smoothing your hair down, at which point you relaxed significantly. Reaper stayed with you like this for just a moment before abruptly leaving the room with plumes of smoke billowing behind him. At first, he tried to deny he’d seen it, but he spent the rest of the day thinking about the fact that being touched by him made you genuinely smile for the first time in months.
---
Of all people to run into, it had to be the fucking soldier. Morrison was undoubtedly the highest name on Reaper’s hit list, but he was the last person he’d wanted to see after he was already wounded from a prior engagement. Moira’s healing sustained him long enough to get away, but now that he was back on familiar ground, he needed a more permanent fix.
He crashed into your room without much regard for grace, as he immediately hit the ground once he made it through the door. This prompted you to scramble towards him and try to help him to his feet, which was something he could barely do in his current state. You were also asking him far too many questions about what happened, where he’d been, who’d done this, all in such rapid succession it made his head spin. So he silenced you with a very decisive fist against the wall, hard enough to leave a small crater in its wake. You jolted at first and then became deathly still when he gritted out, “Fucking fix me.”
Without so much as breathing a word, you nodded and hurried him over to the bed so he could lie down. You got your medkit together and began undressing him yourself, searching everywhere for his injuries since he was in too much pain to tell you. Reaper was riddled with bullet wounds, barring the helix rockets Morrison shot directly into his shoulder. He was lucky to have moved the right way at just the right time, or else those rockets would have been lodged in his heart.
You worked in very tense silence to fish out every individual bullet with a pair of forceps. Your hands were steady, but you couldn’t hide the sweat beading at your furrowed brows as you tried to work quickly and efficiently. By now, Reaper had no qualms giving you access to more advanced healthcare items than you’d known in the hospital, one of which was an experimental biotic field not unlike the ones Morrison carried around. You’d activated one immediately before you began working, alleviating Reaper’s pain just a bit. What he really needed you to do now was dig those rockets out of his flesh.
You seemed to know this too, as your eyes immediately fell on his large shoulder wound once you were finished cleaning up the smaller ones. The rockets weren’t huge, but they also weren’t so small that pulling them out would be as painless as pulling out a regular bullet. He could see the apology in your eyes as you gripped the base of the first rocket and swiftly pulled it out, like ripping a bandage. Reaper let out a grunt at the sensation, and he was fisting the sheets hard enough to tear them once you pulled out the second one. Thankfully, the worst was over now, and you moved in to clean the gaping holes they’d left in his shoulder. But something stopped you, and Reaper turned to see his cells already getting to work on rebuilding the flesh that was once there.
Because his body was focused on that one area, it was up to you to clean up the rest. You did so quietly, bandaging the smaller wounds and stitching up where bullets had overlapped. Reaper was feeling better already, partially due to the biotic field and largely due to your presence beside him. He watched you work from behind his mask until giving in to his impulse to look at you unobscured for the first time.
You were just finishing up the last stitch when he sat up abruptly, and he could see you getting ready to tell him to lie back down. But you were stunned into silence when he reached up and ripped off his mask, as he’d never revealed his face to you before. He didn’t give you much time to take in his features, instead choosing to pull you in for a deep, long-awaited kiss. You were stiff in his arms, like you didn’t know how to react, so he set the pace for you. He held you close and tight, most definitely staining your clothes with any blood that wasn’t completely cleaned off of his torso. That wasn’t an issue for long, as he deftly undressed you until you were wearing even less than him.
If you were at all opposed to being touched by him like this, it wasn’t evident in your body language. You were clinging to him like your life depended on it; Reaper supposed this was what happened when you were ripped from your old life with only a man like him to call your companion for several months. The way you held him made him feel like someone you genuinely cared about and not just a quick fix for your loneliness and hunger for affection, and he wanted to make that feeling last for as long as he possibly could.
When Reaper pulled his lips away from yours, you tried to follow him, like you still hadn’t had enough of him. Instead, he kissed down your jaw, your pulse line, and then square between your breasts, licking and sucking hard enough to leave angry red marks in his wake. Still clothed from the waist down, he thrust upward and ground his clothed crotch against your pussy. Your heat was apparent even through the fabric, and he began undoing his belt in a hurry. Then you intervened with a gentle hand against his, murmuring, “You’re hurt. Just sit back, and let me handle everything.”
Reaper was too full of impulses and adrenaline to sit back as you’d instructed, but he wanted to see you take charge. He watched you pull his hard, leaking cock from his pants and begin rubbing yourself up against him, and you were already so wet that you hardly needed any prep. You sat yourself down on him and took him in in one go, hardly needing a pause to become acclimated. It was a testament to just how touch-starved you’d been, and Reaper tried to make up for that lost time by thrusting up as harshly as you’d let him. “Good girl.”
You just whined in reply and rode him harder as your hands awkwardly tried to find purchase on a spot on his torso that wasn’t covered in bandages or stitches. In the meantime, he grabbed your waist and pulled you harder and tighter against him, wanting you to be able to feel the passion for you that he’d kept bottled up all this time. Even this position was stifling, as he felt it didn’t allow him to fully express just how badly he wanted you, how badly he needed you.
So, despite your wishes for him to remain passive, he flipped your positions so that you were lying on your back and he was the one on top. One hand held your waist down for him while the other was on your neck, tracing the bites he’d already left and idly squeezing every once in a while. It was never enough to hurt you, but it took your breath away and made you tighten around him. You made him feel alive, and it made him want to rough you up just a bit more than you could take. “Fuck! That’s it, good girl, sweet fucking girl-”
Reaper interrupted himself by leaning down and claiming your lips once again, nipping at you more than actually kissing you. But you didn’t complain, instead reaching behind him to drag your nails down the uninjured portions of his back. This spurred him on and encouraged him to continue biting and marking your skin, specifically around your chest and neck. Only when he moved in to kiss your throat did he realize he was still gripping it tight enough to leave one big hand-shaped bruise. The sight of his marks littering your otherwise unmarred skin was just enough to bring him over the edge, and he pulled out to release on your stomach and heaving chest.
Once the high of his climax faded, he was left with the dull, thudding ache of overexertion that struck him just about everywhere. You must have sensed what he was feeling, as you scooted over just enough to give him room to lie down. He took your offer, but only after reaching into your medkit for a clean rag to wipe off your torso. Then, once he settled next to you, his uninjured hand reached between your legs and made sure you finished too.
You gasped, as if you weren’t expecting him to tend to your needs too, and he felt sufficiently insulted to make sure you experienced the best orgasm you’d ever had. His ring and middle fingers sank in deep and stroked your walls while his thumb deftly and persistently flicked over your swollen clit. The motion easily turned you to putty in his hand, and you turned to curl up against him while keeping your legs wide open. In moving, you’d exposed to him a bit of flesh on your shoulder that had yet to be touched, and he couldn’t resist moving in to leave a soft bite.
That seemed to boost you forward towards that steadily building peak, and you came with a sharp cry and your fist in his hair. You trembled against him as the last waves of euphoria ebbed away, allowing you to finally fall limp in his arms. Even after lying down, Reaper’s heart was still racing, and he suspected that was a product of just having you like this after months of denying everything he felt for you. He brushed your hair out of your eyes and you looked up at him with those starry eyes that made his heart skip a beat. “...Sorry for the marks.”
You closed your eyes and shook your head, that familiar bashful blush spilling all over your cheeks. “I don’t mind. Something to remember you by while you’re gone.”
Hearing you say that made Reaper truly recognize the value you had beyond being a medic, and his grip on you became tighter because of it. “I’m not leaving for a while.”
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lopezayiesha01 · 3 years
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비트게임 21! Card Game for Loot! (Fortnite) #2233
To compensate for the increase in the number of spins, the digital slot machine produces the final outcomes of each spin faster. * 3 of a Kind – three cards of the same rank with 2 unmatched cards (Example – 9 of Spades, Clubs and Hearts with any two other cards that are not the 9 of Diamonds or a matching pair). Where both the player and dealer hold a 3 of a Kind, the hand with the higher ranked 3 of a Kind is considered the winner. After the payout mode has ended, the pachinko machine may do one of two things. In just two summers between 1982 and 1983, Sklansky bagged three gold bracelets at the annual World Series of Poker (WSOP). He went on to write “Hold’em Poker” (1984) one year later, before publishing his masterpiece “The Theory of Poker” (1999) a decade and a half later.
If the dealer qualifies, then the players each compare their hand to the dealer’s hand to see whether or not it ranks higher. If the player wins, she gets even money on the ante. The player also gets paid off on the bet based on the following payout schedule, based on the strength of her hand: https://www.washingtonpost.com/newssearch/?query=안전한놀이터 If you’ve played the game before, you may have found yourself holding a strong hand while dealer fails to qualify. It can be extremely frustrating, right? That’s why Caribbean Stud features Jackpot side bet which will pay based on your hand alone, regardless of what happens with the dealer. In the 19th century, corner indices and rounded corners were added. The 32 tiles in a Chinese dominoes set can be arranged into 16 pairs, as shown in the picture at the top of this article.
At casinos in Iowa and South Dakota, for example, such devices have contributed up to 89 percent of annual gaming revenue. Last but not least, there’s bankroll management. The English pattern, based on the extinct Rouennais pattern, is the most living known pattern in the world. it is for also drawn the International or Anglo-American pattern. The player must specify otherwise if he or she wishes to have the bet not working.
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It’s still all too easy to make mistakes in the casino if you don’t know what you’re doing, so it’s important that you make sure you fully understand a game before you start playing it. Hard way rolls are so named because there is only one way to roll them (i.e., the value on each die is the same when the number is rolled). Consequently, it is more likely to roll the number in combinations (easy) rather than as a double (hard). You would be wrong! The English pattern is not the only design; most countries have their own designs, popular locally, which you may not have seen. These are very often far more colourful than the English one and beautifully printed. 메이저놀이터리스트 Recreational or informal playing of craps outside of a casino is referred to as street craps or private craps.
The bets vary somewhat among casinos in availability, locations, and payouts. The tables roughly resemble bathtubs and come in various sizes. In some locations, chips may be called checks, tokens, or plaques. Typically the maximum lay bet will be expressed such that a player may win up to an amount equal to the maximum odds multiple at the table. Lay bet maximum are equal to the table maximum win, so if a player wishes to lay the 4 or 10, he or she may bet twice at amount of the table maximum for the win to be table maximum.But even for the casual participant who plays a reasonably good game, the casino odds are less, making Blackjack one of the most attractive casino games for the player.
Therefore, the high rollers receive comps worth a great deal of money, such as free luxury suites, as well as lavish personal attention. On the other side a gambler playing Blackjack has many more possibilities, giving him plenty of opportunity to do the wrong decisions. The lowest house edge (for the pass/don't pass) in this variation is around 1.4%. Generally, if the word "craps" is used without any modifier, it can be inferred to mean this version of the game, to which most of this article refers.In 1986, when a professional gambling team headed by Billy Walters won $3.8 million using the system on an old wheel at the Golden Nugget in Atlantic City, every casino in the world took notice, and within one year had switched to the new low-profile wheel.
The former Dairy Factory (now an Auto workshop) on Route de Merviller (1930) According to Hoyle "the single 0, the double 0, and eagle are never bars; but when the ball falls into either of them, the banker sweeps every thing upon the table, except what may happen to be bet on either one of them, when he pays twenty-seven for one, which is the amount paid for all sums bet upon any single figure". These tribal facilities are subject to minor federal payments and sometimes limited state gambling taxes.In 2010 Baccarat was awarded the Certification mark of "Ville Internet @@" (Internet Town).
After 1960 a few casinos in Europe, Australia, and Macau began offering craps and after 2004 online casinos extended its spread globally. Example: Winning pattern is 1 hard way bingo, a straight line without the free space. If the dealer does not take the bet, they will announce "no bet". To argue with the dealer about which bets have been taken is considered extremely impolite and will most likely render a warning from the inspector dealer or pit boss.The Nevada Gaming Control Board divides Clark County, which is coextensive with the Las Vegas metropolitan area, into seven market regions for reporting purposes.
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coin-news-blog · 5 years
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How Market Makers Inject Liquidity Into the Cryptoconomy
New Post has been published on https://coinmakers.tech/news/how-market-makers-inject-liquidity-into-the-cryptoconomy
How Market Makers Inject Liquidity Into the Cryptoconomy
How Market Makers Inject Liquidity Into the Cryptoconomy
Market makers have a reputation that is entirely disproportionate to what they do. Despite what half of crypto Twitter would have you believe, MMs, as they are colloquially known, are a neutral force when used correctly. But should tokenized projects be routinely deploying these tools on crypto exchanges, and what are the long-term ramifications of manufacturing buy and sell orders?
From Drip-Fed to Full Faucet: Running the Liquidity Spectrum
Liquidity is all relative. While bitcoin’s liquidity trumps the rest of the crypto market combined, the depth of the order book still varies greatly from exchange to exchange. A 5 BTC sell order can be absorbed without blinking on Binance, but attempt the same on Trade Satoshi (24-hour volume: $15K) and you’ll be rekt by slippage. Ensuring sufficient liquidity across multiple exchanges where their token is listed is a tough ask for crypto projects, who are increasingly being expected to solve this problem unilaterally.
To address this challenge, many projects have now turned to market makers. Omisego, for instance, joined the ranks of market made projects when it partnered with Algoz earlier this month. The liquidity provider, which has previously supplied market making on behalf of Cardano for its ADA token, promises its clients the following outcomes:
Minimize trading spreads
Increase order book depth
Reduce market manipulation
Attract greater volumes
The latter provision ought to arrive naturally as a consequence of the former objectives: traders are naturally drawn to markets with deeper liquidity, which allow for arbitrage opportunities, and for exiting profitable positions through limit orders executed at close to spot price.
More liquidity equals greater awareness, which leads to greater adoption. At least that’s the theory. The jury’s still out on whether market makers incentivize genuine usage of crypto assets for the role outlined in their respective whitepapers many moons ago. Hypothetically, though, that ought to be the case, with the increased liquidity making the token attractive to a broader spectrum of buyers.
The Case for Market Makers
Imagine a business wants to acquire a load of OMG tokens to deploy on the P2P financial network. Despite having an average daily trading volume of $30 million, the majority of the 185 exchanges where OMG is listed couldn’t fulfill an order of greater than a few thousand dollars’ worth at a time. Anything greater, and the entire order book would move by 10% or more. Market makers can’t generally inject liquidity into highly illiquid markets, but they can top up the top 20 or so exchanges with which they’re integrated, providing a convenient way for users to enter and exit positions with the minimum of movement.
Crypto projects look for market making services at every stage of their lifecycle, but are particularly keen upon receiving their first exchange listing, when there can be pressure to meet strict liquidity requirements. In an ideal world, there would be no need for market makers: people would buy and sell tokens as required to other people, creating a highly efficient market with enough counterparties to absorb all of the orders and ensure a tight spread. In practice, markets are never that efficient, hence the need for market makers to keep things moving efficiently.
Order Book Replication and Other Services
Liquidity provision can take a number of forms. Aside from conventional market making, some companies will provide order book replication, in which the order books from multiple exchanges are aggregated to deepen liquidity and tighten spreads. This can be used to direct liquidity towards a particular exchange, or to ensure that liquidity is uniform across multiple exchanges. The key difference, compared to market making, is that there are no additional bids being placed: all that’s happening is the existing liquidity is being utilized to its full potential. Other services include spot execution and optimal trade execution, in which the market making provider will endeavor to shift a significant amount of crypto assets while minimizing market disruption.
If you’ve ever gone to place a bid on an exchange and another user has placed a miniscule order a few cents higher, odds are you were beaten by a bot. What’s more, there’s a good chance that bot was placed there by the project whose very token you were trying to buy. That said, traders are also known to deploy bots to play the difference between the bids and asks in liquid markets such as BTC. It’s a highly competitive game, and thus the profit margins are slight, but with enough volume, capturing the difference between bids and asks can start to add up. Market makers do the same job, the only difference being they’ve no obligation to profit: break even is good enough.
The Invisible Hand That Guides the Crypto Market
The “invisible hand,” coined by Adam Smith in 1759, describes the unobservable market force that shapes the supply and demand of goods in a free market. Imagine those goods as digital assets and the market as the exchanges that dominate the cryptosphere, and you’ve got a pretty good description of market makers. Despite being virtually imperceptible, they exist on the orderbook of every major exchange, absorbing the differential between maker and taker through fulfilling orders on both sides.
When a market maker is working well, the average trader should scarcely be aware of it. Only the flurry of small bids and asks should give a clue as to its existence. Despite what Telegram trading groups may lead you to believe, market makers won’t pump your bags or send your IEO tokens to the moon – but they will provide liquidity, allowing you to enter and exit positions with minimal slippage. In the early days of bitcoin, the notion of market makers to artificially match demand would have seemed absurd. Today, like so many other crypto exchange services, market makers are woven into its tapestry.
Source: news.bitcoin
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The Value of Compromising
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Life gets really busy. Everyone experiences this past a certain age. Sure, the average 9 year old is probably just going to go to school and maybe to football, gymnastics or dance after school. In high school, you get a little busier. Your school work becomes more straining on your schedule and the extracurriculars can start to pile on. You get your first job and your first girlfriend/boyfriend and have even less free time. College can break either way. You may be busier than ever or you may be the kid who skips class unless it is mandatory for you to attend. Maybe you get really involved in a student union or are playing college sports. If you are like me, then a lot of your free time is going to be devoted to doing your essays last minute and going to random parties on Wednesday nights (my first two years of college were not a high point for my academic career, but that's a story for another time).
After all that time, school is finally done and you are free. Infinite free time to do whatever you want. You can stay home and play the newest Elder Scrolls game all day long or take that road trip you've always wanted to go on or even sit on your couch and make spicy new Magic brews for hours. Odds are, you will do none of this. Instead, you get a job where five days a week you are doing the same thing all the time. You will realize that sitting in a desk or at a cash register is not keeping you as in shape as you wanted to be so you have to get a gym membership. Don't forget that if you want to save money you have to make food at least a few nights a week. The time just slips away. This is where I am at. It seems like it is going to get worse before it gets better. There still is more responsibility to come. Whether it is parenthood or buying a house. Things don't really seem to settle down too much for most people.
In case it isn't obvious, this post is about how life can strain the amount of time you have available to do the things you like and some of the sacrifices you have to make. Now, the sacrifice I am going to talk about today is not exactly huge but is relevant to this blog.
Portland is the home to about 10 game stores, and I don't think there is a perfect game store among them. The issues cover the full spectrum you'd expect. Bad prices. Rude employees. Horrible owners. Small selection. A weird obsession with making every order be made via computer even if it is just one card. That's not to say that they are all bad. The ones with rude employees or bad prices tend to have the best selections. The worst selections have the best communities. A few of these stores I have gone to for years and a few of them I will never step into again.
In the summer of 2017, I moved to a different neighborhood and after having signed a lease discovered my apartment was a few blocks away from a LGS. It is one of the smaller shops in the city, but the owner knows a lot about Magic and will provide advice to anyone who walks in to buy singles. Myself and a couple of others are the spikier players amongst the community. At FNM, we are there to have fun and there is a lot of table talk during the event, but we also know how to play and want to win.
Unfortunately, this shop is a little too small to run modern events. There just isn't a large enough player base in the store with modern decks at the present. I can think of four other people who have decks, one of which is a very spicy but not competitive taking turns brew. At the same time, the community is growing and events do fire pretty consistently. The first prerelease I went to there was about 12 people. The Dominaria and Guilds of Ravnica prereleases were both sold out at 32 people. FNM still doesn't fire as often as you would hope, but the first FNM of a new draft format is usually about 16 people compared to 12 months ago when it was 9.
What does this have to do with sacrifices and being busy? Well, I am busy. I work Monday thru Friday and come home everyday to make dinner with my partner. I try and go to the gym for a minimum of 6 hours a week (approximately 3 times). I need to spend time at home and with my friends. Magic is not something I can play every night and when I do go to shops, I try and go with a friend to make it a more social event than just playing games with strangers. Modern events aren't something I will go to by myself. If a friend is up to go to one I will, but I need to plan these things ahead of time because being out till 11:30 on a Wednesday with work at 7:30 the next morning is not where I want to be.
Things haven't lined up in such a way that I have been able to play modern in an event since my last post. Instead, I have been taking advantage of my local shops growing community and the kindness of the owner. These past few weeks I went to their Saturday Standard Showdown event and jammed some games with the owner's G/B/u deck (list at the bottom). This deck oozes value with there being between 10 and 13 cards that can yield two for ones. Last week, things didn't go so well with the deck due to some awkward draws and mana woes. I still went 2-2 and won my entry in store credit back as well as a foil Mox Amber out of my showdown pack. This week I showed up and did the same thing as last week where I just sat there and when an odd number of people signed up, I signed up and borrowed the same deck to make it an even number.
Here's what happened:
Round 1 - RW Angels
My opponent this round is a regular and a brewer. I have a lot of respect for him because his decks are always good, and he almost always is using his own decks. He has been playing this deck since the beginning of the format, and his original iteration was pretty close to what the Boros midrange deck looks like these days. Game 1 started out pretty evenly with him playing his early Adanto Vanguards and  Resplendent Angels with me firing right back with Plaguecrafters, Chupacabras, and Assassin's Trophys. He missed his fourth land drop for a few turns, and I felt like I had the game locked up. Unfortunately, I punted this game. I misevaluated the threat of one of his Resplendent Angels and Trophy-ed it. This gave him his fourth land and allowed him to play a Lyra Dawnbringer on the next turn. I ran out of answers and didn't hit any of my game ending cards early. He hit a few more threats and ran away with the game. The next game started out with both of us mull-ing to five. His early game was three Adanto Vanguards and mine was a Dusk Legion Zealot and Merfolk Branchwalker. I was able to hit my land drops easily and answer all of his threats with Dead Weights and Plaguecrafters. He flooded and played a Huatli and a Lyra in consecutive turns with both being met by Vraska's Contempt. In the end I just went wider than he did and had more answers. Game three was really closed at first with both of us trading resources in the early game with my removal answering his creatures. Then he played Rekindling Phoenix. I had the answer in Vraska's Contempt. A few turns later he plays a second one and I am forced to use a Trophy on the front half and a Moment of Craving on the second. Unfortunately, after giving him a few lands early, when he played the third Phoenix and a Resplendent Angel in the same turn I had no answer. The next turn I played a Branchwalker and explored into an Eldest Reborn which I leave on top. My opponent activates Angel and swings in for over half of my life. The next turn I play the saga; he sacs the angel token and kills me on the crack-back. Keeping the saga on top was a definite misplay since I was dead on board without a card like Vraska's Contempt into Ritual of Soot. Those weren't the next two cards in my deck, so it didn't matter but a misplay is still a misplay.
1-2, 0-1
Round 2 - BR Aggro
One thing to note about this tournament is there were a lot of mulligans. Last round my opponent mulliganed every game and the same thing happened this round. Also, another random thing was I lost literally every die roll so was on the draw a lot. My opener was awkward and consisted of Island and Watery Grave as the only lands. Though I had Muldrotha in hand, I don't want two blue sources ever or Muldrotha in my starting 7, but I kept because I had a Moment of Craving and Ravenous Chupacabra so was in a good spot against any creature deck and the control matchup is bad game 1 anyway so mulliganing to 6 doesn't really help my odds. Luckily for me my opponent plays a Swamp followed by Vicious Conquistador. I draw a second Watery Grave play it tapped and pass turn. Over the next two or three turns my opponent plays a few more durdly creatures like Viashino Pyromancer and I draw the second Moment of Craving and am able to just cleanly answer all of his threats. At the end of my fourth turn, my opponent made a play that made me really confident I would win the match. While I had no creatures on board, I pass the turn and on end step he Lightning Strikes me when I am at 18 life. Whenever this happens I feel so far ahead because now I know my opponent has committed a card to a game plan that I can fight against with little worry. He floods out and I stabilize at 5 life with a Muldrotha in play and many good cards to get back in the graveyard. This game was actually pretty close at one point when I had drawn all three Watery Graves, Island and a Drowned Catacomb, but I drew mostly black cards which are the better cards in the matchup. Game 2 is almost exactly the same where I 1-for-1 till I stabilize with Muldrotha and Eldest Reborn. Truthfully this just seemed like a terrible matchup for my opponent, but his plays game 1 definitely sealed his fate more than anything I did.
2-0, 1-1
Round 3 - BW Vampires
I know this player pretty well and have played him a few times in both Standard and Limited. I think we were 1-1 in Standard, 2-0 in Limited and like 1-4 in Modern (he also plays Hardened Scales and has always beaten me in the mirror but Lantern has gotten there). A few weeks ago he was playing Abzan Knights to middling results. Last week he tried his hand at a Naya Hexproof build and we went 2-1 with my edicts being stronger than his Vine Mares, Nullhide Feroxes (Ferices?) and Palladia-Mors. This week he was running back a classic. Game 1 he plays a Plains and passes the turn. The following turn he plays an Adanto Vanguard and the following turns plays Mavren and then Sanctum Seeker. Overall his curve was very good, but I had answers for most of his plays and by the end of the game I have a Muldrotha, both Vraskas and his Ajani on the battlefield. Needless to say, his vampires weren't as good as my on board removal and draw engines. Game 2 was actually disgusting. His curve was something like turn 1 Vicious Conquistador, turn 2 Legion Lieutenant, turn 3 Radiant Destiny, and turn 4 one drop and Radiant Destiny. I never stood a chance without drawing Ritual of Soot. Since I never drew it, I picked up my cards and we went to game 3. 
Before I get too far into this, I would like to say that this game had one of the better plays I have ever made in Magic happen during it. The game starts alright with my opponent playing early threats and me playing early answers. Around turn 5, I clean up the board with a Ritual of Soot at a pretty comfy life total. I pass the turn and my opponent plays a couple of vampires and ticks up an Ajani he already had to five. The following turn I do nothing but look at my completely empty board. My opponent then plays two Vicious Conquistadors and an Adanto Vanguard. I play a Muldrotha and pass the turn. On his turn he plays a Sanctum Seeker and Legion Lieutenant, pluses Ajani up to ult range and attacks with two Conquistadors and the Vanguard. I block a Conquistador with Muldrotha and go to 1. At this point I am circling the drain. I swing with Muldrotha at Ajani because I am dead on board to the attack trigger with any vamp so long as the Sanctum Seeker stays alive. Luckily he blocks with his Sanctum Seeker wanting to ult the Ajani to seal up the game - which was already sealed. I am forced to Dead Weight one of the Conquistadors and then recast it from the graveyard on the second. After playing a Merfolk Branchwalker to block and an Evolving Wilds I passed the turn. On the next turn my opponent plays another Legion Lieutenant and swings with Vanguard. I chump with the Branchwalker. He ults Ajani and passes. For the rest of the game I am forced to Dead Weight and recast my own Plague Mare from my graveyard every single turn to wipe away the cats over and over. Eventually I am able to play four spells pretty much every turn and my opponent never is able to catch up. I thought I couldn’t win the game but was proud of myself for seeing the line to keep his cat tokens at bay and eventually grind out the win.
2-1, 2-1
Round 4 - Mardu Burn
My opponent's deck this round was honestly one of the craziest standard decks I have ever played against. A friend of mine at the shop had mentioned losing to this player the round before and simply said that my opponent was on a crazy burn deck playing both Risk Factor and Sword-Point Diplomacy. I had the advantage going into the round of having some idea what my opponent was doing, so I was optimistic. Still, I didn't feel great about it. Going into the game my deck felt like it was made up exclusively of dead cards. Moment of Craving. Dead Weight. Ravenous Chupacabra even. This game wasn't even close. He cast multiple Sword-Point Diplomacys and a Risk Factor and was able to kill pretty much every single threat I played with Justice Strikes and random burn spells. At one point he just goes face and Banefires me for 5 when I was at 4 to play around countermagic. I went with the tech-y play of Moment of Craving my own creature to go to 1, but he just runs it back the next turn so my play didn't matter. The sideboard for this deck isn't designed for this matchup. I don't believe any sideboard is designed for this matchup. Fortunately for me, the sideboard is heavily skewed to beat control so I grab the copies of Duress, Negate and Unmoored Ego (which is for the Teferi matchup and I really don't like in the Teferi matchup). I pull out every copy of Dead Weight, Midnight Reaper, and Dusk Legion Zealot figuring the Dead Weight would literally never do anything (which was accurate) and that the life loss of these two creatures could be too detrimental. The other considerations were the Vraska's Contempts and Moment of Craving, but the Contempts have so much utility and the Cravings sometimes just keep you alive. Game two starts with me Duressing my opponent and seeing Banefire, Risk Factor, Cleansing Nova and four lands. I take the Banefire and pass the turn. Turn 3 I Unmoored Ego naming Risk Factor and see my opponents win cons are Erratic Cyclops, Angrath, Banefire and burn. The following turns consist of me playing creatures and him killing them. I eventually Unmoored Ego away his Sword-Point Diplomacys to put him in a position where he has no traditional card advantage. My Eldest Reborns and Contempts answer his Angraths and I stabilize in the low teens with a Vraska, Relic Seeker and Karn in play. He scoops up his cards, and we go to game 3. Game 3 consisted of a few misplays on my part but was extremely similar overall to game 2. I turn 3 Unmoored Ego away his Risk Factors again, curve out and play my lands. He kills my creatures and also hits his land drops. There was an awkward moment later in the game where I Unmoored Ego and say Sword-Point Diplomacy but almost immediately say Angrath afterwards. Unfortunately my opponent flipped his hand face-up so fast and had an Angrath already putting me in the position of not wanting to feel like I was angle shooting - I swear I didn't see his hand when I changed my choice. I do what I consider to be the right thing and take out the Sword-Points. I had an Eldest Reborn in hand anyways. The game ends with him having to regularly use his board wipes to clear my Eldest Reborns allowing my creatures to trade 1-for-1 the whole time. Once my second Muldrotha hits the table and I bring back a creature and Eldest Reborn, the game is pretty much over.
This was the coolest deck I played against all tournament. The pseudo-redundancy of the punisher cards made the deck feel consistent and, well, punishing. The game 1 matchup was probably close to unwinnable with the percentage being like 80/20 in his favor. The sideboard games though felt really hard to lose and probably flipped it to 60/40 for me. In the last game, I wonder if I should have named Angrath and Banefire from the start with Unmoored Ego to make it literally impossible for him to win assuming I can kill his Cyclops with one of the six cards that cleanly deal with creatures in the deck. If I had both Egos in my opening hand then I think that play I made was wrong but since I only had one, it was probably correct still. As a note and request to players out there, my opponent seemed like a really nice guy, but his graveyard/exile zone was super chaotic and literally just a pile of cards thrown together. Don't be like my opponent. Keep a clean play area.
2-1, 3-1
Round 5 - G/B Midrange
The two of us sat down at the table and instantly knew what the other player was on. Since I was borrowing the shop owner's deck the regulars were familiar with it, and I had been sitting next to my opponent round 1. As we shuffle he says something like, "This is a bad matchup for me. All of your Plaguecraters and Chupacabras are really hard for me to beat." The start of this game is pretty slow with him playing a Wildgrowth Walker and some explore creatures early and me playing two drops and removal spells in response. He misses his third land drop for awhile, and I continue to play lands and threats. By the time he hits his third land, I am too far ahead for him to come back. Now, I understand that casually chatting while shuffling is good form, but I would advise against saying card X or card Y is hard for you to beat to your opponent. Knowing that my sideboard plan became simple. Take out every single card that wasn't a 2-for-1. I took out the Greenseekers (since they probably are rarely going to survive the turn cycle), Moment of Cravings, and a single Dusk Legion Zealot to bring in the Arguel's Blood Fast, Find//Finality and Ritual of Soot. Every game started with both of us playing early creatures and having a back and forth of resources. Unfortunately, his creatures just slightly outsized mine, and I was put in a spot where my blocks weren't good but my life total was ticking down. He cast a Sylvan Awakening (there was a weird lands subtheme in his deck that I never really figured out) and brought me down lower than I could recover from after he played a big Vraska the following turn and started making pirates. Game 3 saw me keeping a very sketchy 7 that I probably should have thought on more. He specifically told me that his deck didn't do well against 2-for-1s that answered creatures. So, keeping a hand of Merfolk Branchwalker, Assassin's Trophy and five lands may not have been a great idea. He duresses me on turn 1 and takes the removal spell. I draw a Ritual of Soot off the top, play Branchwalker leaving a spell on top and pass. He plays his Wildgrowth Walker and passes back. A few turns later he plays a Kitesail Freebooter and sees my hand has both an Assassin's Trophy and Ritual of Soot. He's pretty much priced into taking the Ritual since it wipes his board and would get back any other card he may take. I decide to Trophy his Freebooter and get back my Ritual. Over the next two or three turns my opponent makes the mistake that loses him the game in my opinion. Since I have the board wipe in hand he decides to pass the turn doing literally nothing. No land drop. Not adding to the board. Not attacking. Nothing. I draw my card, play my land and pass. This happens one more time where he draws and says go with me responding with a draw, land, go. On the following turn cycle I draw Muldrotha and cast Ritual of Soot. He plays some threats, but I play Muldrotha and an Evolving Wilds after drawing a second Muldrotha. He obviously kills the first but when the second comes down he has no answer. Eventually multiple Eldest Reborns seal the deal in my favor.
I understand the incentive of playing around the board wipe, but this was a classic case of me not being pressured enough to need to use the board wipe. With neither player adding to the board and me hitting land drops, I don't think my opponent had a chance. He had a Find to get back the wiped creatures, but he probably should have forced me into playing the board wipe as early as possible to allow him to rebuild aggressively. I still would have won probably given my draws, but he gave me to much control of the end game. The fact that his main deck was designed to beat aggro probably helped me out a lot too.
2-1, 4-1
I'm very happy with this result. I didn't play perfect, but I did well enough to get 4th (the lowest of the 4-1 players due to breakers). The standard showdown pack had a Sulfur Falls and a foil Risk Factor in it which was nice. The deck ran smoothly, and the only meaningful changes I would make would be cutting the blue since it makes the mana a little painful and awkward. Though it gives access to a few powerful spells, I have to wonder if the Muldrothas should just be Jadelights, Izonis, or Carnage Tyrants. Let the Negates and Egos be a fourth Duress, Wildgrowth Walker, and maybe something spicy. Also I would probably swap out the Dusk Legion Zealots in favor of Seekers’ Squire since I think the body coupled with the lifeloss can really matter against aggro.
The best estimation I can give of the decklist is below. I don't have the deck in front of me so there are some things I am guessing on (specifically the number of Branchwalkers, Vraska's Contempts, and Chupacabras). If you have the cards, I would recommend building the deck. It is definitely fun.
2x Dead Weight 3x Dusk Legion Zealot 3x Merfolk Branchwalker 2x Dryad Greenseeker 2x Moment of Craving 3x Assassin's Trophy 2x Midnight Reaper 2x Plaguecrafter 2x Vraska's Contempt 2x Ravenous Chupacabra 1x Golgari Findbroker 1x Karn, Scion of Urza 2x Vraska, Golgari Queen 3x The Eldest Reborn 2x Muldrotha, the Gravetide 1x Vraska, Relic Seeker 1x Find//Finality 2x Evolving Wilds 1x Island 5x Swamp 4x Forest 3x Watery Grave 2x Drowned Catacomb 4x Woodland Cemetery 4x Overgrown Tomb
Sideboard 3x Duress 2x Negate 2x Arguel's Bloodfast 2x Plague Mare 3x Unmoored Ego 2x Ritual of Soot 1x Find//Finality
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How Market Makers Inject Liquidity Into the Cryptoconomy
New Post has been published on https://coinmakers.tech/news/how-market-makers-inject-liquidity-into-the-cryptoconomy
How Market Makers Inject Liquidity Into the Cryptoconomy
How Market Makers Inject Liquidity Into the Cryptoconomy
Market makers have a reputation that is entirely disproportionate to what they do. Despite what half of crypto Twitter would have you believe, MMs, as they are colloquially known, are a neutral force when used correctly. But should tokenized projects be routinely deploying these tools on crypto exchanges, and what are the long-term ramifications of manufacturing buy and sell orders?
From Drip-Fed to Full Faucet: Running the Liquidity Spectrum
Liquidity is all relative. While bitcoin’s liquidity trumps the rest of the crypto market combined, the depth of the order book still varies greatly from exchange to exchange. A 5 BTC sell order can be absorbed without blinking on Binance, but attempt the same on Trade Satoshi (24-hour volume: $15K) and you’ll be rekt by slippage. Ensuring sufficient liquidity across multiple exchanges where their token is listed is a tough ask for crypto projects, who are increasingly being expected to solve this problem unilaterally.
To address this challenge, many projects have now turned to market makers. Omisego, for instance, joined the ranks of market made projects when it partnered with Algoz earlier this month. The liquidity provider, which has previously supplied market making on behalf of Cardano for its ADA token, promises its clients the following outcomes:
Minimize trading spreads
Increase order book depth
Reduce market manipulation
Attract greater volumes
The latter provision ought to arrive naturally as a consequence of the former objectives: traders are naturally drawn to markets with deeper liquidity, which allow for arbitrage opportunities, and for exiting profitable positions through limit orders executed at close to spot price.
More liquidity equals greater awareness, which leads to greater adoption. At least that’s the theory. The jury’s still out on whether market makers incentivize genuine usage of crypto assets for the role outlined in their respective whitepapers many moons ago. Hypothetically, though, that ought to be the case, with the increased liquidity making the token attractive to a broader spectrum of buyers.
The Case for Market Makers
Imagine a business wants to acquire a load of OMG tokens to deploy on the P2P financial network. Despite having an average daily trading volume of $30 million, the majority of the 185 exchanges where OMG is listed couldn’t fulfill an order of greater than a few thousand dollars’ worth at a time. Anything greater, and the entire order book would move by 10% or more. Market makers can’t generally inject liquidity into highly illiquid markets, but they can top up the top 20 or so exchanges with which they’re integrated, providing a convenient way for users to enter and exit positions with the minimum of movement.
Crypto projects look for market making services at every stage of their lifecycle, but are particularly keen upon receiving their first exchange listing, when there can be pressure to meet strict liquidity requirements. In an ideal world, there would be no need for market makers: people would buy and sell tokens as required to other people, creating a highly efficient market with enough counterparties to absorb all of the orders and ensure a tight spread. In practice, markets are never that efficient, hence the need for market makers to keep things moving efficiently.
Order Book Replication and Other Services
Liquidity provision can take a number of forms. Aside from conventional market making, some companies will provide order book replication, in which the order books from multiple exchanges are aggregated to deepen liquidity and tighten spreads. This can be used to direct liquidity towards a particular exchange, or to ensure that liquidity is uniform across multiple exchanges. The key difference, compared to market making, is that there are no additional bids being placed: all that’s happening is the existing liquidity is being utilized to its full potential. Other services include spot execution and optimal trade execution, in which the market making provider will endeavor to shift a significant amount of crypto assets while minimizing market disruption.
If you’ve ever gone to place a bid on an exchange and another user has placed a miniscule order a few cents higher, odds are you were beaten by a bot. What’s more, there’s a good chance that bot was placed there by the project whose very token you were trying to buy. That said, traders are also known to deploy bots to play the difference between the bids and asks in liquid markets such as BTC. It’s a highly competitive game, and thus the profit margins are slight, but with enough volume, capturing the difference between bids and asks can start to add up. Market makers do the same job, the only difference being they’ve no obligation to profit: break even is good enough.
The Invisible Hand That Guides the Crypto Market
The “invisible hand,” coined by Adam Smith in 1759, describes the unobservable market force that shapes the supply and demand of goods in a free market. Imagine those goods as digital assets and the market as the exchanges that dominate the cryptosphere, and you’ve got a pretty good description of market makers. Despite being virtually imperceptible, they exist on the orderbook of every major exchange, absorbing the differential between maker and taker through fulfilling orders on both sides.
When a market maker is working well, the average trader should scarcely be aware of it. Only the flurry of small bids and asks should give a clue as to its existence. Despite what Telegram trading groups may lead you to believe, market makers won’t pump your bags or send your IEO tokens to the moon – but they will provide liquidity, allowing you to enter and exit positions with minimal slippage. In the early days of bitcoin, the notion of market makers to artificially match demand would have seemed absurd. Today, like so many other crypto exchange services, market makers are woven into its tapestry.
Source: news.bitcoin
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