RHavar actually shared some interesting data about that from one of the biggest gambling sites, see: https://www.reddit.com/r/Bitcoin/comments/580zf0/actual_bitcoin_transaction_fees_costs/His avg fee for withdrawals is 0.00044 - so not too far from 0.0005. It's mostly relatively high because players deposit more often than withdraw (= more inputs = bigger sizes = more fees.) I guess sometimes gambling sites don't charge the whole fee to the player though. But most of them are taking this as advantage, to choose between normal speed or higher speed, most people do want to get their withdrawal as fast as they can so most of them will take higher speed and that particular site will charge more to cover it and get some profit, although it is only little but howw about if 100 people or even thousand and how about if they make so many withdrawals? By the way, we are not making any profit out of transaction fees, as this would not be fair. I thought so when I saw that you are going to reduce the transaction fee to 0.0002. I think then there should be no complaints. Btw the site is now remembering me which is very convenient. And I like the option to switch off the animation. |
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I want to talk about salaries. How much $ do you have left after paying taxes, rent, and basic expenses (electricity, water) I get $10 000/y like a fucking slave My spending basic is $5 000 / year, including food, $2 500 without food I live in the former SSSR Another reason to move away Also they give me these communistic so called "benefits" when you get like prepaid cards for predefined services https://www.facebook.com/televize.polar/videos/1047399295339540/Man, actually you are doing pretty good compared to me. I get less than $5,000 / year and I should feed my family with this money. Needless to say I have nothing left from my job. I hope Bitcoin will make things better for us though. I'm living in the post SSSR too btw.  |
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i think that you should invest that your 1 bitcoin in Alt coin and i think that trading with Alt coin is much more better than gambling because sometime gambling is very risky and trading have too much lower risk than gambling.
I disagree with this. First, which altcoin are you talking about? Most of them are waste of your money for sure. But even if you are investing in an established altcoin you are taking the risk. It's like betting with 90% winning chance: if you win - you win small compared to your bet and if you lose you lose. I'm not saying you should gamble to increase your money, but trading is a risky thing too IMO. |
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I just talked with dev. We will most likely implement popup that you will be able to disable if its annoying.
That's great, I think it will be useful. By the way as far as I can remeber there was some kind of a warning in the previous versions of PrimeDice. For unknown reason I have not hit the MAX button on the new version of PD yet, but I do understand the concerns of the people above and I agree with them. |
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So, the best way we can help locked-in (won't change) sodomite unbelievers, and all locked-in unbelievers, is to execute them as fast as possible.  Christianity. The religion of peace. I've heard somewhere that it is "Islam a religion of peace", but anyway no religion has nothing to do with peace. Even the buddhists are violent in some places, there are even terms like "Buddhism’s terrorism". So guys if you really want to be peaceful stay away from any religion and god bless you. ) |
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Exchanges like Coinbase and Circle get their bitcoin capital by buying it off from mining companies or some pretty rich bagholders and sell it off in the market with some premiums on it. Also, they also buy it off of traders who uses their platform to trade or sell whatever they have. As for profits, they got it from trading fees, withdrawal fees (which are very low amounts) and also, investors giving them money to help improve their services.
Thanks for this short and in the same time very useful explanation. OP, you might also find some useful information going by the link below: https://en.bitcoin.it/wiki/Currency_exchange |
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Well, what about your Facebook or your Twitter account? Are they also some kind of a private property? Becuase if they weren't hacked nobody else can use them either. Yes everybody can see what you post there but same goes for the Bitcoin network which is a public property like was said above.
I think only lawers can say whether it is a private property or not. And then that definition would stay until other lawers would dispose of it.
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Sorry, but how owner of gambling game can win anything if don't have house edge???
Doesn't matter how big is house edge. Even if it is only 0.01% in long run game have to win. So if anyone will let any of dice on auto-play for couple of hours, balance must goes down - it is simply math and logic.
That's right, but the bigger the house edge the faster you will lose all your balance, so it's not recommended to play autobet on sites with the house edge greater than 1%. Btw I must admit that the faucet game on freebitco.in has improved recently (or was I too lucky ) I reregistered there couple of days ago and was claiming the faucet maybe a dozen of times and I've won $0.02 (which is 10 times greater than usual claim there) two times already. So I'm going to visit the site from time to time hoping to win a bigger prize. P.S. Do not use their HI-LO game for they have 5% house edge. (or use it at your own risk) |
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+1
Bitcoin need at least 10-20 years to come into mainstream. Price should be +$20,000. But we'll see.
We will not have to wait that long. Things are developing very fast these days and if Bitcoin will become mainstream like other currencies that will happen much sooner, 5-7 years at most. Altgough I'm not sure about the price, it seems a bit too excessive. It will go up a lot with time, that I agree. Still, that much....But like you've said we'll see. I think $20,000 is a reasonable price for Bticoin if it will be fully adopted. Actually the price might go much higher if most people would start trusting Bitcoin more than other currencies, but we can't guarantee that that will happen. But $20k might be reached due to wider adoption alone: people will start buying coins and since we can't make more of them than is made in a certain period of time, the natural response to the higher demand will be the rising of the price. |
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You bet I do. I wasn't some time ago though so I decided to try my luck with trading. It took only several hours for me to lose all what I invested. It's good it wasn't much but still I was disappointed. What I've learned from the experience is that yes trading is like gambling if not worse.
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The withdrawal fee is 0.0005 btc now and its very high i guess
maybe you have to decrease it to 0.0002 btc
or is it final rule? very unfortunate if yes, please consider to decrease the fee thank you in advance
I agree. Since the recommended transaction fee now is 60 Satoshis/byte, 20k satoshis would be a reasonable fee. But on the other hand it's up to the owners of the site to decide which fee is better, we don't really know what it takes to keep the site running. |
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Since the blockchain — the technology underpinning the digital currency bitcoin — first emerged, people have recognised its potential to transform financial services. The banks have been paying attention. Around the world, they have been setting up labs to test blockchain solutions, carrying out proofs of concept and publishing papers. They are also forming or joining blockchain consortiums, like R3 or the Hyperledger Project, to better work together. Regulators have taken a keen, often quite supportive, interest as well. This work is not just theoretical. From Nasdaq to Ripple, we already see live blockchain-based platforms. IBM recently said that 15 per cent of 200 banks it surveyed expect to be live with solutions next year. In September I worked with the Swift interbank payment system on its blockchain and cyber security sessions at Sibos, the world’s largest banking conference. A third of the banks that participated told us they had serious blockchain proofs of concept in the works. So are we about to see blockchain break into the banking mainstream? As a strong believer in the potential of this technology, I truly wish we were. But as the former group chief information officer of UBS, where we championed blockchain early on, and as an adviser to banks and fintech companies today, I am cautious. My experience tells me it may be a while before we see large-scale adoption in the financial industry. https://www.ft.com/content/8fc96cbc-8ed9-11e6-a72e-b428cb934b78?utm_source=twitterfeed&utm_medium=twitterWe may not see the see large-scale adoption in the nearest future, but some banks for sure will go for it and they will be the winners whereas others will be the losers. Few people are willing to adopt something new and unfamiliar but it's a known fact that in most cases those are open to new technologies win. |
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Why would the USA try to contain China in the first place? These countries are cooperatimng many years already and as good partners they are interested in the prosperity of each other.
In the modern world almost all the countries with just a few exceptions are connected much more than some governments are saying to their people.
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If you are not doing anything which is illegal and you don't have to hide from authorities I think it's absolutely unnecessary to use a new wallet for each transaction. I find it much more convenient to use the same wallet for many transactions because:
1. I have nothing to hide;
2. I don't have lots of money there anyway;
3. It's much easier to look through the history of your transactions which can be helpful sometimes.
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Because this site have many red streaks, so if you wanna make good win, your balance must be enough. Even with payout 5, you can have more than 200 red streaks. But I would suggest turn on auto in any case, it is just faster and more easy playing.  actually not only from this site because there are many dice sites or other gambling sites will have hundreds red streak during players bets so turn off auto bets will be wise actions because if you didn't it very possible losing will your money with pretty fast If we are talking about freebitco.in, autobet there is suicide because of their house edge which is 5%. Most likely you will lose your money fast rather than win more. I visit the site from time to time in hope to win $200 or $20 claiming from their faucet but when I'm trying to multiply there I always lose. |
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Well, I haven't noticed any delay today. I made a transaction around 30 minutes ago and with transaction fee just slightly over 20,000 sats it took less than 5 minutes to get confirmations. So I'm wondering are all those delays happening because very low transaction fees were included or you might have a delay even with higher transaction fees? Well, it's an auction, if you pay high enough fee you'll always beat everybody else, but they cannot all win the auction. You can check stats here: https://btc.com/stats/unconfirmed-txThanks for your reply and thanks for the great link, I have bookmarked it because I think it's really helpful. But I can't agree that this is like an auction because in auction only one person wins a lot, so to win you should pay more than others. Here we have a slightly different situation - to be the winners, or in other words to have our transactions confirmed fast, we just shouldn't be among those who is paying much less than others. |
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I bet it can. Bitcoin is the most convenient thing for separate individuals living in those countries to earn some money.
The thing is that in reality the most part of the money from various charity foundations which go to poor countries are being seized by people who have the power and only a small fraction is going to really poor people.
But if the people from the poor countries have the opportunity to earn some amount in Bitcoin it goes directly to them and then it's a real help.
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So yea I'm just curious to see what people would do in such a scenario Let's say the destruction of the earth is inevitable, there is absolutely nothing that can be done to save anything/anyone. Ideally I would like people to consider separate variations of the same idea, like say the world is ending in 3 days, 1 month, 5 years, 20 years (Even in the case where world end is in 20 years, nothing can be done, no technological advancement/miracle will be able to save anyone). What will you do? How will your life change (if at all)? If I heard a news that the world will end in 20 years and suppose I believe it, I think I would change nothing in my life in that case. Same goes for 10 years and even for 5 years. When 1 month is left that's another story. I think I would try to figure out what this really means and what to expect next. We can't take earthly possessions with us after death, that's for sure, but maybe, idk but maybe, we can take something which is not of material world. The question is What is it? Don't ask me guys I don't know the answer, but I think that everything is possible. |
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Well, I haven't noticed any delay today. I made a transaction around 30 minutes ago and with transaction fee just slightly over 20,000 sats it took less than 5 minutes to get confirmations. So I'm wondering are all those delays happening because very low transaction fees were included or you might have a delay even with higher transaction fees? |
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