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This topic has been discussed over and over again, and people still ask this question. Make the calculations and you will find, that a bitcoin consist of 100,000,000 Satoshi's. So, if there are a low supply of bitcoins... each of these Satoshi's will also climb in value, with the bitcoin price. < Supply and demand >
You might find one day, that a Satoshi might be valued at 1 cent : 1 Satoshi and then there will still be more than enough Satoshi's to keep the global economy going for years to come. If it goes below that, we will have to shift the comma, and create a smaller unit than a Satoshi. 0.000000001 ^smile^
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OP, for the sake of the people, who had no experience of using Bitcoin ATM's or Vending machines, please explain in detail what you had to do, to get the BTC and how long it took. There are different types of ATM's, so the experience is different for each of them. ^smile^
The people in the 1st world countries are fortunate to have this, and we sometimes take that for granted. Some countries, only have 1 x ATM in a major city and then these machines sometimes have restrictions. "Buying only" for instance. ^hmmmm^
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The purchases on Amazon should reflect the VAT implications, so you will be OK with that. It is the Capital gains or the profit you are making on the Arbitrage that you need to declare on your tax return. They might want to audit that in future, so just keep all records of that.
There are different regulations and limitations for each country, so in some countries you might not even have to pay tax on that income, if you earned low profits. ^smile^
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In some instances, the recommended fees do not guarantee you faster confirmations. It all depends on how many people are paying those same fees or even higher fees. In a scenario where everyone bumps their fees, the limitations are still applicable, and no preference is given for these higher fees. https://blockchain.info/charts/n-transactionsIt is said, that Bitcoin can confirm 7 transactions per second, but it is somewhere around 3 transactions per second.  Some new developments might improve this problem soon, for example SegWit and Lightning Network. ^smile^ |
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Merely proving that the game result was predetermined is not sufficient in a pool-backed game like a lottery, unfortunately. The problem is that the game operator knows the result ahead of time and could participate in the lottery himself with the winning ticket.
A simple solution would be to choose a block some time in the future and use its hash as the game result. That way players can be certain that the operator isn't (unfairly) partaking in the game. It is not completely provably fair as a big miner could still cheat, but it is probably sufficient for a small game.
The problem with that is, small lotteries grow bigger and 1BTC is still enough money for bigger miners to cheat. There have been a lottery on this forum, based on the blocks in the Blockchain and the miners did cheat. I cannot find it now, but it was pretty big and the operator was a well known user in the community. The Millionairmakers concept on Reddit seems to work, if you want to try and get a hold of those guys. Go to : https://www.reddit.com/r/millionairemakers/ |
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What I like about India is the fact that they are doing something about poverty. They are one of the fastest growing economies in the world, with a growth rate of 7.6% in 2015. The world had 872.3 million people below the new poverty line, of which 179.6 million people lived in India.
As of 2014, 58% of the total population were living on less than $3.10 per day.
Bitcoin can help the 179.6 million poor people, by offering them global opportunities via different initiatives done through global micro payment with Bitcoin. A lazy guy in a 1st world country, can now pay some unemployed guy in India to do his typing, and then he pay him with Bitcoin. <micro payment> with very low fees and near instant transfers. ^smile^
It becomes a global effort to eliminate poverty in all countries.
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I have a hard time with this strategy : Glamorization of Gangsterism
" You will be happier in the end to call out scammers and to hold the hands of those who might fall prey to gangsters rather than to take advantage of these people for supposed short term gains. "
I cannot build a future and a legacy on the premise of using Ponzis, exit scammers, premines, wallet thieves, pump-and-dumpers, cloud-miners, ASIC non-deliverables, fake-hacks, real-hacks, and obsolete miners, to accomplish our goals. It is one thing to become successful, but it's a whole other thing to look back and see the victims of those successes, if you had to steal and cheat to get there.
The Fiat system was built on that, and look at the legacy they are leaving for the generations to come. Massive Debt, Poverty, Hunger, unemployment, and I can go on forever with this train of thought. ^hmmmm^
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Why would the mining farms, suddenly stop mining? The only reason, I can think of is economical or political reasons. If for some reason, mining becomes unprofitable for some reason, people will pull miners and this will then be balanced out, when the difficulty decrease and less hashing power would be needed to mine the same blocks, and these people will return.
Political reasons, like a absolute ban on bitcoin in a country, could drive the price down and make Bitcoin mining unprofitable, but the balancing will then happen when these mining farms pull out, and then the hashing becomes easier, and the difficulty drop. So these other mining farms makes more profit and expand more, picking up the slack, left by the miners that left. ^smile^
Newton's third law is: For every action, there is an equal and opposite reaction, in Bitcoin too.
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You should take post count and activity into consideration on these forums. The quality of the post is important, but the frequency of use in my opinion, is more important. Most of these forums have some sort of ranking system, and the value of each post will carry more weight coming from more experienced and high ranking members.
It will also eliminate the chance of someone just signing up as a newbie at some random forum to complete this task. I am registered on a bunch of Crypto currency forums, but I am not very active on all of them, due to time constraints.
You are offering a bunch of money for 7 days of work, so I would assume that this comes with some sort of performance requirement, based on the outcome of the work?
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I would be too ashamed to tell my customers that I am taking their money to pay for security flaws that was exploited in the banks system. They have another motivation to do this, and in my opinion this is just a way to take a stab at creating negative press for Bitcoin. They simply shift the blame for their own security inadequacies to Bitcoin to deflect the attention from themselves.
This will not be the first time that the internet would be used to spread misinformation about Bitcoin. Ransomware existed long before Bitcoin came to the scene, and they used all the other payment methods before Bitcoin. ^hmmmm^
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You are already using a pruned version of the Blockchain, and your hard drive is terribly small. Why are you even trying to run the client, with a small drive like that? You also mentioned that you only own a small amount of coins, so I would rather go for a online wallet or even just a Treazor hardware wallet, if you want more security and if you can afford it.
The Bitcoin Core client is very resource intensive, { RAM/CPU/Bandwidth/diskspace } and needs a little more than what you are offering with your Mac. ^hmmmmm^
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So let's see what apps you use the most, and which of them should accept Bitcoin.  Definitely kaspersky anti-virus' licence and cfosspeed in the first place In the second place winrar could make a decent profit if it will add bitcoin and ccleaner professional too could worth a try That Hiren CD contains most of the smaller appz that might be helpful to a lot of people, including CCleaner basic. It also includes a windows based OS < slim version > to boot from, when things goes wrong with your OS. ^smile^ A while back, Microsoft did accept Bitcoin as a payment option, on their Xbox platform, but I cannot verify this? Most of the Anti-virus software can be bought via Amazon & eBay, with Gyft cards bought with Bitcoin. https://www.amazon.com/Kaspersky-Internet-Security-3-Users-Include/dp/B011XO53WQ/ref=sr_1_1?s=software&ie=UTF8&qid=1477288903&sr=1-1&keywords=kaspersky |
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Those who are still claiming this faucet as scam please stop doing so because I had rolled 10k today on the Freerolls and won 0.3BTC from the site. Read the topic wetsuit posted here - and take a look at my big win. This site has been paying well since ages and continues to do so even in the era where most faucets run dry. Thanks for the 200$ on first claim this morning admin! Wow, that's fantastic. I've never seen anyone claim to have won it. I'm always wondering about the odds of hitting it, because it seems certain that they are not 1/10,001 as you would think. None of the math geniuses who can convert the hash into numerals has ever ventured to help solve the problem, but I digress. Thanks for posting your win. Now we all know it is possible. Yes, I find it very strange that I have highlighted here https://bitcointalk.org/index.php?topic=320959.new#new that NOBODY has ever won the $200 hourly faucet payout, and BANG it just happens within the same week. The timing for that was impeccable to say the least. ^Rofl^ Well, What more can I say now that we have our FIRST supposed $200 hourly winner.  ^fishy smell^ One of these days, we might see our first Lottery winner too, because nobody has ever reported that they have won that. ^LoL^ Congratulations to the winner, your timing was perfect. ^hahahaha^ People have been wondering about the $200 winners far longer than your post about the $200 winners. There's nothing suspicious about the coincidental timing of your post and the winner. As far as you know, there is one winner, however since a micro-fraction of the site's over one million users actually post about their claims, it's highly unlikely this is the only $200 winner. Assuming that he faked a winner to answer your trolling is placing a lot more importance on yourself than anyone else would venture to grant you. OK, prove me wrong then, and post any link to a post where a user of Freebitco.in reported that they have won $200 from the faucet payouts. You will not find anything, because I did a thorough search. I even searched with Google and used Google translate to translate discussions in other languages on other forums, not related to Bitcointalk. I could not find one post or mention being made, that someone have won the maximum amount in the FREE PLAY. I have also used every aspect of this site, from the Ad's to the multiplier and Lotto and charity and still feel that this site is one of the best faucets we have ever had, but I have my doubts about the system being 100% above board. You see this as trolling, I see this as open debate. ^hmmmm^ Again, you're under the false assumption that anyone who wins is going to go and post it somewhere. You're also assuming your inability to find a post, if it exists, is indicative of an event never happening. Neither assumption logically proves anything you're claiming, and furthermore, since you're the one making wild accusations, the burden of proof is on you to substantiate your claims. The "trolling" was the tone you took in your post in which you assumed that your logical leaps equated to indisputable facts, and proceeded to talk down for a position of claimed superiority that was not warranted. I am not under any false assumption of anything, I am making a observation based on the reaction of people receiving rewards on this forum and many other forums I have been part of. It is just natural for people to seek some method to thank someone, when they have received huge rewards and also for other reasons, for example Bragging / sharing joy / confirmation etc. The fact that Wetsuit gives them the information in a email to do this, make this even more strange. We are dealing with mostly poor people here, and when they win $200 or even 1 or 2 bitcoins from a lottery, and they are given a link in a email to this thread to report it, makes me even more suspicious. Have a look at the Giveaway section, and see what happens when services or companies give away $1 or $2 prizes, and what kind of response you get there. < Yes, it's in the same thread, but remember Wetsuit gives them the direct link to the thread, where they should report > I am not making wild accusations or claiming a position of superiority. I make logical observations based on facts. You obviously have a lot of loyalty towards this site, so we will not agree on this matter, and most people's judgement are clouded, because they get free money on a hourly basis from this site, so it is natural for them to defend the cow that provide the free milk. I on the other hand, wants this site to continue what they are doing in a truly provably fair environment, that would be without any grey areas, because I support the concept of helping the poor with free handouts like this. It helps with adoption of Bitcoin and it distributes wealth. Question what is right in front of your eyes. Do not be blinded by the promise of free money, when the odds are greatly stacked against you. ^hmmmmmm^ You're assuming people who win will post about it. That is the basis of your entire point. That is an assumption. And you're using the fact that you can't find any people posting about it to conclude that nobody wins the $200 prize. Do you really not understand the definition of an assumption? When you show how the site is not provably fair, you can request that they run the site differently. As it is, the site is provably fair, and you've not demonstrated how it isn't, but continue to say it isn't. We're all waiting for your brilliant mathematical proof. As it is, I doubt you understand how the site actually functions, as just a few posts ago you were talking about how the numbers lock into place in a funny way (demonstrating non-knowledge that what you see is just an animation and your roll is mathematically figured before that animation even begins). It's not a slot machine, the way the numbers lock in in the animation has no function on your roll. What are you talking about, I never said anything about the animation. It works with a server seed on their server and a client seed generated on the users browser side. I am saying, somewhere along the line something is being manipulated, but nobody except for the site owner have the source code to determine how this seed is generated. If you have that, please share your mathematical genius with us. Now, who is making assumptions again? For your information, the definition of assumption is, " a thing that is accepted as true or as certain to happen, without proof. " - This correlate nicely with my argument, where we have to accept something < the result of the roll & lottery system > as true or as certain to happen, without proof. < Source code > Edit : Whenever I go out, I always wear a stethoscope. That way, in the event of a medical emergency, I can teach people a valuable lesson about assumptions. ^LoL^ |
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Those who are still claiming this faucet as scam please stop doing so because I had rolled 10k today on the Freerolls and won 0.3BTC from the site. Read the topic wetsuit posted here - and take a look at my big win. This site has been paying well since ages and continues to do so even in the era where most faucets run dry. Thanks for the 200$ on first claim this morning admin! Wow, that's fantastic. I've never seen anyone claim to have won it. I'm always wondering about the odds of hitting it, because it seems certain that they are not 1/10,001 as you would think. None of the math geniuses who can convert the hash into numerals has ever ventured to help solve the problem, but I digress. Thanks for posting your win. Now we all know it is possible. Yes, I find it very strange that I have highlighted here https://bitcointalk.org/index.php?topic=320959.new#new that NOBODY has ever won the $200 hourly faucet payout, and BANG it just happens within the same week. The timing for that was impeccable to say the least. ^Rofl^ Well, What more can I say now that we have our FIRST supposed $200 hourly winner. ^fishy smell^ One of these days, we might see our first Lottery winner too, because nobody has ever reported that they have won that. ^LoL^ Congratulations to the winner, your timing was perfect. ^hahahaha^ People have been wondering about the $200 winners far longer than your post about the $200 winners. There's nothing suspicious about the coincidental timing of your post and the winner. As far as you know, there is one winner, however since a micro-fraction of the site's over one million users actually post about their claims, it's highly unlikely this is the only $200 winner. Assuming that he faked a winner to answer your trolling is placing a lot more importance on yourself than anyone else would venture to grant you. OK, prove me wrong then, and post any link to a post where a user of Freebitco.in reported that they have won $200 from the faucet payouts. You will not find anything, because I did a thorough search. I even searched with Google and used Google translate to translate discussions in other languages on other forums, not related to Bitcointalk. I could not find one post or mention being made, that someone have won the maximum amount in the FREE PLAY. I have also used every aspect of this site, from the Ad's to the multiplier and Lotto and charity and still feel that this site is one of the best faucets we have ever had, but I have my doubts about the system being 100% above board. You see this as trolling, I see this as open debate. ^hmmmm^ Again, you're under the false assumption that anyone who wins is going to go and post it somewhere. You're also assuming your inability to find a post, if it exists, is indicative of an event never happening. Neither assumption logically proves anything you're claiming, and furthermore, since you're the one making wild accusations, the burden of proof is on you to substantiate your claims. The "trolling" was the tone you took in your post in which you assumed that your logical leaps equated to indisputable facts, and proceeded to talk down for a position of claimed superiority that was not warranted. I am not under any false assumption of anything, I am making a observation based on the reaction of people receiving rewards on this forum and many other forums I have been part of. It is just natural for people to seek some method to thank someone, when they have received huge rewards and also for other reasons, for example Bragging / sharing joy / confirmation etc. The fact that Wetsuit gives them the information in a email to do this, make this even more strange. We are dealing with mostly poor people here, and when they win $200 or even 1 or 2 bitcoins from a lottery, and they are given a link in a email to this thread to report it, makes me even more suspicious. Have a look at the Giveaway section, and see what happens when services or companies give away $1 or $2 prizes, and what kind of response you get there. < Yes, it's in the same thread, but remember Wetsuit gives them the direct link to the thread, where they should report > I am not making wild accusations or claiming a position of superiority. I make logical observations based on facts. You obviously have a lot of loyalty towards this site, so we will not agree on this matter, and most people's judgement are clouded, because they get free money on a hourly basis from this site, so it is natural for them to defend the cow that provide the free milk. I on the other hand, wants this site to continue what they are doing in a truly provably fair environment, that would be without any grey areas, because I support the concept of helping the poor with free handouts like this. It helps with adoption of Bitcoin and it distributes wealth. Question what is right in front of your eyes. Do not be blinded by the promise of free money, when the odds are greatly stacked against you. ^hmmmmmm^ |
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Starting a Lottery is easy, making it truly provably fair and getting this community to accept it, is going to be your biggest hurdle. We have seen a lot of suspect Lottery systems coming and going, and in the end people stop using them, because most of them turn into scams.
The regulated National Lottery systems are being audited, so building trust is easier for them. The legal implications for Lotteries differ from country to country, so you will not get one answer that would address your question.
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If people were not so lazy to read, they would have enjoyed this life lesson you have shared with us, just as much as I did. Thank you for sharing that. I think our life has become so busy and fixated on wealth and profit, that we do not appreciate the things that gives us the most pleasure.
We seem to live in the moment, and everyone for himself and that manifest into people not thinking about the legacy we leave behind for our kids. < The current debt legacy in the fiat system, will be the worst legacy we would leave behind for generations to come >
I have had a similar epiphany, when I had some quite time during a week long hunting expedition, where I shot nothing but learned the most valuable lessons, by just sitting down and watching Ants. We can learn a lot from nature.
OP, thank you for the effort you put into that post, and I hope more people will take the time to read it, and grasp what you are saying. ^smile^
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What cracks me up, is that RawDog < The biggest Troll / Shill on Bitcointalk > has reached Legendary ranking on a forum dedicated to the promotion of Bitcoin, and that he has posted a thread to defend Bitcoin. Will we one day see him turning sides to fight against the system he is currently supporting? That would be one of the highlights of this forums history.
This guy has clearly a lot of knowledge of Bitcoin, but he is fighting the wrong battle. ^hmmmmm^
Back to the topic on hand. We call writers like these, Journalist on Crack. < JoC >
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Yes, it happens with person to person trade via services like Localbitcoin. It is a risky option, because you never know who would be waiting on the other end. < Thief / Robber / Government Agency > You need to do this in the correct manner for it to be legal in some countries.
I just meet people at Bitcoin Meetups and build a trustworthy relationship to make sure they are not scammers or robbers or cops and then we trade Bitcoin for cash and the other way around. We are not running a business, but just trading informally between two people in small quantities as needed. ^smile^
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Bitcoin unlimited is well and alive. About 15% of the hashrate is behind it at this stage and is gaining momentum.
That hashrate will decline to 1% hardcore believers, when SegWit and the Lightning Network is fully implemented, because people will have no need for Bitcoin Unlimited. There will always be people pissing against the wind, and in some instances this is needed, for example : Bitcoin - The people who piss against the system < Banks > Unfortunately, some people seem to think a divided Bitcoin community will be more competitive against these giants or they cause this division on purpose? Time will tell, if this strategy will work. ^hmmmm^ |
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