Gambling investment ?
AFAIK, bitcoin still consider as high risk currency so it means that having bitcoin and try to mulitply them has higher chance to loss rather than you're playing stock ( Forex )
This were the same view of mine as i have seen lot of Gambling company have come in Bitcoin and are even some good sites going very good and are making lot of money and even the investors in that sites are also earning nice returns from their invested sites. The only reason why these businesses are making money is because of the lower overheads. The online gambling operations can have a lower house edge, which attract more gamblers, because these operations run at a much lower cost than their brick 'n mortar equivalent. The illegal operations do not have to pay expensive licenses, so they make even more profits than the regulated Bitcoin casinos. I doubt that VC capital will flow to illegal gambling operations.  |
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This is divided opinion on some articles that i read on net and what i have read here on forum.
Some say it is good some that is bad other that it wont happen this is in progress but will it come to be reality is something completely different.
Some government in some countries are trying to implement application areas for the blockchain, Other are truing to create there own crypto.
From what i have read so far i found i will share. Estonia established an e-residency program, Sweden is planning to place real estate transactions on the blockchain so that all parties involved in the transactions – banks, government, brokers, buyers and sellers and they also planning to create there own cryptocurrency, United Kingdom (UK) is exploring the use of a blockchain to manage the distribution of grants. Monitoring and controlling the use of grants is incredibly complex, and subject to potential fraud or abuse.
This is only something that i have found and i believe that we will see this in motion but not that soon, perhaps in 10 or 15 years this will be in bigger use but for now it will be like it.
To governments, the only benefit from blockchain I could imagine is its anti-tampering feature. Governments want to control currencies and other records so it makes little sense for them to switch to decentralized system. The benefit of a decentralized system, will be that it would increase the security. We have already seen government sanctioned hacks between countries, so a decentralized system will make it harder for countries to hack their financial systems. The most important benefit for them are actually the control that a system like this, would grant them. They will have total control over the flow of money, if it was a private <permissioned> Blockchain, where they control the development. They can manipulate the amount of currency in circulation without public consensus and they can follow all transactions. < They do not have this with fiat cash > Let's hope this never happens and it stays public. |
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There will not be a lot of incentive to do that, if you figure that it is estimated that the last bitcoins will be mined in 2140 based on the block reward halving frequency of four years. According to math and knowledge that there are 32 halving events, in 2136, the block reward will yield 0.00000168 BTC per day, which is 0.00000042 BTC per block. That's 42 Satoshis.
The price of Bitcoin will have to skyrocket, for them to enter the mining scene and we need to consider that their hashing power will increase the difficulty, so they will even gain less.
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For me, all the explanation for the increase in the price of Bitcoin or its decrease is most likely a part of the explanation or even a coincidence and not necessarily the absolute explanation. what if we now have a situation of low price, could we also attribute to the fact that Chinese people no longer believe in Bitcoin, thereby dumping it...
We rarely get good information from the Chinese and most of it is translated into bad English, so this is a breath of fresh air. The Chinese will have more bitcoins in circulation on their exchanges because most of it is mined there and they have zero trading fees on their exchanges. So NO, I do not think that they are dumping bitcoins. They are just closer to the source. ^smile^ |
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I share your pain OP, because I too have been searching for a unbiased comparison between the two. I was hoping someone like Andreas Antonopoulos, would have given a unbiased talk on the subject, but I figure everyone have already picked their favorite implementation.
If I am right, Andreas Antonopoulos supports the Segwit Softfork?
The main problem is, a unbiased article would have to be written by someone technical and most of these people have formed a biased opinion on the subject already. So the source of the article will be biased.
Even Danny Hamilton seems to have made up his mind? He is normally very open-headed.
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The average user of Bitcoin is not obsessed with either SegWit or BU or whatever the developers are doing, they just want faster confirmation on their transactions and a way to scale Bitcoin to allow for that. This fighting between the different groups are damaging Bitcoin and it is not beneficial.
Let's have one last showdown, where the two groups battle it out in public and get it over with. So that we can move forward. ^grrrrr^
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this is a game that predates bitcoin.
its a puzzle game more so than finding wally/waldo thing, as it requires cards that link to cryptographic and logic puzzles
for all we know bitcoins inventor liked the game and decided to assume the pseudonym due to that game, knowing after a decade of unsuccessfully "finding satoshi" in the game was futile, even with clues.. the bitcoins inventor could have decided to use that name as a hat tip to anonymity.
no one is saying the guy behind the pre-dated game is the same physical person. but it could elude to how the bitcoins inventor chose his name AFTER playing the game and taking a liking to the name
Ok, Let's assume that this is a possibility and he named himself after this game, then he had to have had a glimpse into the future. How would he have known that people would be looking for him, before it happened? I agree, he might have liked the game and used it as a pseudonym, but I figure the rest of the plot happened after Gavin went to the government. The mystery just continues. ^smile^ |
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Mugabe plans on being a life president and probably hand over to his son who will continue the tyranny but people like that usually end up getting assassinated.
Democracy will reach those parts of the world soon.
This will just go on and on, because the voters still vote for him and the elections are rigged and the officials are corrupt. Those corrupt officials and his army backing him, will not get a salary soon, and then things will go down quickly. No paper promises will help them out of that situation. I feel sorry for the people, but not for the people who caused it. ^grrrrrr^ https://zimnews.net/zim-bond-notes-latest-news-monday-today-tomorrow-picture/ |
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I am pretty chuffed with it's performance over this year, because I bought a bunch of Bitcoins at a much lower price and I have sold those bitcoins for a 100% profit. I think the Black Friday event, might have pushed the supply of bitcoins a bit, and this has pushed down the price, as more and more bitcoins were used and dumped back on the exchanges.
We will also see a slight decrease as people start buying over the Xmas season. So my prediction would be a $650 to $700 price range until 2017/1
A lot of people also take a break from business and investments over December, and this will cool down the price.
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The true innovation for me, is the removal of the barrier to entry that was created by current financial systems. The unbanked of this world, can now enter the global financial systems, without a barrier. You can now exchange value in small quantities between countries, without having to go through third parties with high fees. < If you use it directly as a P2P payment network >
The innovation is born from the easy access and the smaller fees. This allows more people to take part in the cycle of money.
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Yes, thanks for bumping this one. It is a real blast from the past and a eye opener on how much truth were in this statement. The strong libertarian thoughts in the early days, were enough of a driving force to keep things going and also helping it to take the next step into a Capitalist stage.
We need to thank and not ridicule the early adopters who pushed through against all odds. ^smile^
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ChangeTip made provision for tipping on multiple platforms, not just on Reddit. They had plugins for Facebook, Github, Google+, Stack, SoundCloud, Tumblr, Twitch and Twitter. So you had a wide variety of choices where to tip. I think, people just got greedy. The Bitcoin price increased over a long time, and people started to hoard bitcoins more than usual. They did not want to spend it, because it got more valuable over time. Tipping is also not a custom all over the world. |
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Finally, after this blockchain hype we see right now, attracting so many thinkers , projects and budgets, many of the intelligent will finally debunk the real power of bitcoin itself. If this is because of its feature to be a mostly uncorrelated investment class, a money transfer system or together with Rootstock on top some smart contract / dapp enabling super asset, who knows? I say it will.  Your statement and your title do not match? " debunk the real power of bitcoin itself. " What needs to be debunked? I do not get what you saying. The Blockchain was just a poor excuse not to use Bitcoin. The controversy surrounding Bitcoin has pushed Banks to shift the attention to " The Blockchain" The new Cool term for Bitcoin. A lot of events like MtGox and Silkroad did a lot of damage and people were hesitant to invest in Bitcoin, but if they called it something else, < insert Blockchain technology > then investors will ignore the fact that it was linked to Bitcoin. They also wanted their own flavor of Bitcoin, and the technology behind Bitcoin was the opportunity to use Bitcoin, but with their own label. |
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I think what he is trying to say is, if there are more Bitcoin to be mined when the Cap is raised, then miners will be able to mine more coins and this would be the incentive to increase it for them. Even if they raised that limit, then the interval will have to be adjusted to, for miners to benefit now.
The problem is, the supply increase will reduce it's value and this will cancel out any benefit that might be gained by more coins that can be mined now. Normal Bitcoin users will suffer the most, because it devalue their money, so they will start dumping their coins, and the price will even go lower.
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There are many advantages bitcoin for the companies and it has been explained above me, for the companies doesn't miss out this is chance for growing up the companies via bitcoins. Look it the article.
Stripe, a provider of a payment interface that allows businesses to accept Bitcoin, will be valued at $ 9.2 billion if a new round of financing completed adding $ 150 million, according to MarketWatch.
Other FINTECH companies and struggle to maintain their appreciation a number of Silicon Valley start-up technology. The share price for Place Inc., for example, has stagnated since the IPO in 2015.
General Catalyst Partners and Capital G., an investment arm of Alphabet Inc. co-led the financing round, which will include Sequoia Capital. Michael Moritz, a Sequoia Capital partner, said he was a bullish Stripe new stock sign at a much higher valuation could sell to a buyer's market.
Stripe received a separate line of credit from banks such as Goldman Sachs Group Inc., Barclays PLC, Morgan Stanley and J.P. Morgan Chase & Co.
Stripe Sur Trail Acquisition
Wayne Gaybrick, Stripe chief financial officer, said Streep raised funds to acquire businesses and investing in global expansion. Streep acquired three companies and launched in France, Japan, France, Singapore and Spain this year.
Streep investors believe that the company can benefit from the growth of online payments as more deferred consumers spend online retailers online and the line continues to grow internationally.
Stripe is faster than the spot, which is expected to grow this year to grow by 40%.
Streep evaluation is partly based on the position that more trade moves to mobile apps, even if people in stores, because portfolios such as apple pay and JP Apple Morgan Chase Pay may be operated or Scanned at the cash register.
Streep has traditional merchants such as Target Corp. Added to the customer base that Lyft Inc. and eyeglasses retailer Warby Parker.
Streep also launched Radar, a service using Stripe's transaction data, to detect fraudulent payments, as well as the Atlas, which include foreign companies in the United States and use of US payment infrastructures .
Streep announced earlier this year that its Atlas bar service will be available for businesses in Cuba. The offer is intended to allow Cubans have allowed an Internet-based company in a country that has almost no infrastructure to support such a venture.
When you quote a article, it is always appropriate to quote the source of that information. This gives credit to the author of the content that was created. In the way you quoted this, people might think that you are the author of this information, giving you the credit. Back to the OP's discussion on how Bitcoin is good for companies. If you have a company, where fiat is accepted in big quantities, then you have to add additional security to protect that cash. Bitcoin will reduce that threat, and all payments will be done digitally. < No threat of robberies on your premises > |
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Yes, Thanks for your response to this question. Do you tell the Game Providers what house edge you want, and then they change the parameters? or do they determine the house edge for all their games and then force this down on the clients using their software?
Is this applicable to all the games being hosted on your site, or do you source some games from in-house developers?
Hi Kakmakr, We operate the same as any other normal casino. Today we paid out a player with 500,000 mBTC in winnings in 120 seconds today for example!  Cheers, BitCasino.io I would also like to hear the answers to Kakmakrs questions. (Your response was borderline offensively vague) I really think when it comes to casino - softwareprovider relationship, things need to be way more transparent. You offer games from 12 different providers...does that mean you have 12 separate deals worked out with 12 different companies? Or do you report directly to coin gaming and let them deal with each provider? If you can't share your basic business model, I'd really like to hear why. How about walking into a land based casino and start asking about their business deals with the manufactures? LOL, you won't get very far with your questions. This is going to far to ask bitcasino to divulge their deals with companies such as NetEnt and Microgaming. From what I understand at least with NetEnt and Microgaming the RTPs are already set and are the same across any casino that offers their games. The individual casino has no say or way to change the RTP as its located on a server owned by Microgaming/NetEnt./etc . Anyways, like I said go knock on some real land casino doors and start asking about their relationships with WMS/IGT/Aristocrat and how much hold the casino is taking on each machine. As a matter of fact I did approach them at one of the brick n mortar casinos and I had a informal discussion on how casinos work. We did not discuss specific percentages, but they did divulge some general known strategies about placement of games and lightning and stuff like that. I was just curious how online casinos compare to Brick n Mortar operations and if they have control over some aspects of their operations or if they are merely hosting the games and accepting the money. It is purely out of curiosity and they are under no obligation to answer any questions that might divulge their operational secrets. So far, they were friendly and helpful with their answers, without divulging any of their trade secrets. ^smile^ Have a Good Black Friday guys. |
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Where was this when MtGox happened. I think this might have been in response to MtGox and other exchange hacks, that they have started this. When insurance companies gets involved, it just complicates matters, because we get long drawn out investigations and this can go on for years. Most insurance companies do not have the forensic skills to investigate these hacks properly, so they would need to outsource.
You are going to pay premium for this kind of coverage, and the additional costs are going to be dumped on the customers in the form of higher fees.
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I think most people underestimate the importance of the cost of the transaction fees. You have to remember that these costs are stacking up, as users are moving between third party services. < Which we do not want them to do, but it is done any way > You buy Bitcoin on a regulated exchange, and then you pay their fee, and then you transfer it out to your hardware wallet to keep it safe, and you pay a additional fee.
Then you transfer some bitcoins to someone else's Bitcoin address to use it, and you pay more fees. ^hmmmmm^ We should fight for low fees, otherwise we will have no edge over other payment options, when it comes down to cheap fees.
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Well I was just thinking how long that data will stay in tact without the hard drive being powered on. The magnetism will fail over time, and the data will be lost forever. The longevity of the data stored on any drive depends on the conditions where it is stored and for how long. For hard drives, there are three main factors: magnetic field breakdown, environmental conditions, and mechanical failure.
One thing not considered is the servo tracks and markings. These are written one time at the factory and never again (on modern disks). No amount of re-writes by the user or so-called low-level formatting freshens these. Once they fade, they fade!
So in conclusion, Bye Bye bitcoins ^wave^
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Dear Mr. Satoshi I wanted to talk with you
- snip -
In my opinion, Satoshi is probably dead. If I'm right, then he's going to have a VERY difficult time answering your questions. Post your questions publicly. It is possible that Mr. Nakamoto has already answered them and you just don't know it. If he has, then perhaps we can point you posts of his from the past that answer your questions. How did you know satoshi is dead.. like other said i think satoshi is hiding or he was just watching with us.. You a point it is better to give as publicity so that maybe we can answer what he want to ask.. or maybe before it was already answered.. I am with him on this, because there are a lot of people who think Hal Finney was Satoshi Nakamoto. He also was an early bitcoin user and received the first bitcoin transaction from bitcoin's creator Satoshi Nakamoto. Many believe that he send it to himself. ^smile^ Hal Finney died in Phoenix August 28, 2014 and was cryopreserved by the Alcor Life Extension Foundation. ^weird^ |
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