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1321  Economy / Services / Re: [PrimeDice] [Highest Paid Signature] Earn up to 2.4 BTC/Month by Posting on: June 20, 2014, 06:16:04 AM
Thank you so much for the payment Stunna, PD's signature campaign is really trustworthy!
1322  Economy / Economics / Re: $50k to Invest - Convince Me! on: June 19, 2014, 09:18:06 PM
50k serious money ? hahaha
I'm 22 year toyboy with 300 btc , this is bitcoin and your nothing my man.
Go pump some alt coin , maybe your ego will get satisfied .

You look like you have something to prove, you are frustrated and you are not happy

Care to sign an address which has 300BTC to give some credibility to your claim? Wink
1323  Other / Off-topic / Re: FIFA World Cup 2014!!! on: June 19, 2014, 09:16:12 PM
Goal for Uruguay, what a Goal,

He scored twice; it was hard to watch England fail, they still have a chance technically even if they have 0points and the 3 other teams have 3points
1324  Economy / Economics / Re: $50k to Invest - Convince Me! on: June 19, 2014, 07:34:18 PM
Seem like everyone giving you advice think bitcoin still go up many folds over the foreseeable future.

Beside dotcom bubble which make a small number of early investors extremely wealthy, I can't think of any investment that will go up exponentially for late investors.

Bitcoin market cap is 7.7Billions it could reach hundreds of billions of market cap of today's dollar considering the potential

For exemple, Paypal valuation is 40Billions

Bitcoin has many other competitors out there more than Paypal. And governments around the world are doing everything they can to discourage its usage.


Lots of people think that Bitcoin is great to do payments. I'm not sure if payment-protocol is the perfect use-case for Bitcoin.
But what I do know is, that Bitcoin is great in what it was intentionally ment to be. Good for hoarding. Good to put your savings away.

Costs you 0.- to hold it over years, compared to other commodities

The clue is that bitcoin needs to attract people, but it's only attracting people if the price is right.
And the price is only right if the chart is right.

The difference between the .com bubble and the Bitcoin bubble is that the .com companies burn money every day (because they have to pay bills, employees..... ).
The Bitcoin value doesn't get burned away by just sitting there. It only goes down if people sell and quit with Bitcoin. If more people leave than enter.

I'm here to stay


I can add to your argumentation that you can travel with your wealth stored in a brain wallet and it's great to wire money
1325  Bitcoin / Bitcoin Discussion / Re: Very Early Adopters on: June 19, 2014, 07:32:46 PM
I am bullish on Bitcoin but I fail to see wide mainstream adoption until people start to get their salaries in Bitcoins. It's something like all the geeks are already here, but for average Joe to join, things must be much much simpler. Given that + the fact there are many many considerable players in altcoin field, I'm not too confident another bubble is coming soon...

Maybe companies can use bitcoins without the clients to know for international transactions and it can become a more widely mean of storing wealth, I think Bitcoin can get to a valuation of a hundred billions without massive adoption or speculation on a massive adoption
1326  Other / Off-topic / Re: FIFA World Cup 2014!!! on: June 19, 2014, 07:29:47 PM
Looks like Spain won't even get one!

Crazy how bad they got destroyed this World Cup

Incredible...

How about Brazil? I have the feelings they can come back and win it all

Brazil have strong players but I don't think they will win it all

I think this is Germany's World Cup for the taking

Let's bet on Germany then Grin

Did you guys bet?
1327  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : Invest in 1% House Edge Dice Game on: June 19, 2014, 07:27:36 PM
maybe there is a simple explanation for the decreasing turnover at just-dice.
In the northern hemisphere it´s summer and that means people spend more time away from their computers
and are busy with other stuff.

I think the simplest explanation is that there are a limited number of people who:

a) have a lot of Bitcoins
b) are willing to risk them on a gambling site
c) know about Just-Dice

Most of those people already lost their coins.

In the early days we had a number of people who came to the site to bankroll it and who ended up gambling instead. It's a kind of natural selection that the people who held on to their coins are the people who are able to resist that temptation; the strongest survived and are less willing to take risks with their share of the bankroll.

We still get some who do it, but less than we used to.

It is a very interesting explanation. Don't you think some players buy bitcoins to gamble? And what is your take on advertising the website?
1328  Other / Politics & Society / Re: Argentina, the next Cyprus ? on: June 19, 2014, 07:00:39 PM
Europe will buy bitcoins aggressively when a few big banks will fail and they will print money to reimburse depositor or perform an haircut on savings

Quite a few big banks failed in Cyprus last year. But no one rushed to gather their Bitcoins. Most of the people remain ignorant about Bitcoins, and they will trust the banks no matter what they do.  Angry


 Bitcoin started raising in price after Cyprus
1329  Other / Off-topic / Re: What exactly is the most important thing in our life? on: June 19, 2014, 06:26:31 PM
I had a dream about this a few weeks ago where I was sitting at a table across from a mysterious man who asked me this.

Surprised, I thought for a moment or two, then said, "Love"

He smiled.

Love is actually a good answer, I am surprise of the straight forward answers like oxygen or food!
1330  Economy / Speculation / Re: Argentina heading for a repeat of 2001 collapse on: June 19, 2014, 06:24:38 PM
This entrepreneur, is from Argentina.  Lived through 2 liquidations of his family's wealth.

Edit: I'm too new to post links so just Google:

WSJ Bitcoin Price…to $1 Million

$1 million is a stretch, I recently calculated that if bitcoin was to replace all REAL money (ie hard cash and bank account deposits) commonly known as m0, that it would be worth about $450,000. Of course if it HAD replaced everything, then that sentance would be a nonsense, as we would need to compare it's value to something that still existed. See https://bitcointalk.org/index.php?topic=646186.msg7255495#msg7255495

That was a great thread (and nice calculations)

Using the M3 money supply would give a value of more than 1m$ since only M3 in USD is more than 10trillions and there is a bit shy of 13m bitcoins

If you want to speculate widely you can add the value of Gold as a reserve : a few trillions so a few hundred of thousands
If you read the above link you will see that opinion seems to favour narrow money, simply because money that is not doing anything (languishing on ledgers is not acting as a communicator of value). If Bernanke electronically prints up 100 trillion and sticks it on a govt ledger (or some other governments ledger as treasuries), it doesnt affect day to day scarcity of dollars so doesnt affect price. But you are right, if we used M3 the figure would be much bigger since M3 is actually running at about 100 trillion globally.

The issue is due the massive fractionalization the FED enables, the ratio of "base money" M0 to circulated money M3 is much higher today than under a sound money system.

It is only the FEDs printing press that enables the banks to run at the 10x or 30x leverage ratio's today. This is possible because if any run starts the FED can provide liquidity on demand.

When the US was on a gold standard bank leverage never went above 2x and the ratio of base money to circulated money was much closer. Since bitcoin is a sound money system it makes a lot more sense to consider M3 as the target because significantly lower leverage in the system  is closer to what we'd see.

People use to care if their bank was taking too much risk because there was no state guarantee of deposits

I think the potential for Bitcoin is in the hundreds of billions of dollars of valuation within a few years
1331  Economy / Speculation / Re: Argentina heading for a repeat of 2001 collapse on: June 18, 2014, 10:14:29 PM
This entrepreneur, is from Argentina.  Lived through 2 liquidations of his family's wealth.

Edit: I'm too new to post links so just Google:

WSJ Bitcoin Price…to $1 Million

$1 million is a stretch, I recently calculated that if bitcoin was to replace all REAL money (ie hard cash and bank account deposits) commonly known as m0, that it would be worth about $450,000. Of course if it HAD replaced everything, then that sentance would be a nonsense, as we would need to compare it's value to something that still existed. See https://bitcointalk.org/index.php?topic=646186.msg7255495#msg7255495

That was a great thread (and nice calculations)

Using the M3 money supply would give a value of more than 1m$ since only M3 in USD is more than 10trillions and there is a bit shy of 13m bitcoins

If you want to speculate widely you can add the value of Gold as a reserve : a few trillions so a few hundred of thousands
1332  Local / Altcoins (Français) / Re: Regrets, pertes, racontez vos déboires on: June 18, 2014, 10:09:33 PM
Je ne vais pas sortir le sempiternel j'aurais dû acheter dès que j'ai entendu parler de bitcoins mais mes regrets par rapport aux bitcoins sont d'avoir perdus des bitcoins en faisant confiance à des opérateurs non dignes de confiance mais c'est à peu près tout
1333  Economy / Digital goods / Re: 18000 used bitcoin private keys (brainwallet) on: June 18, 2014, 10:07:53 PM
can't you generate them yourself for new addresses?

Yes you can, it will take you a program and some time to do so

0.05 saves you the time
1334  Economy / Speculation / Re: Yet another positive Bitcoin story on Yahoo's main portal on: June 18, 2014, 10:06:43 PM
Interesting article, I learned that CheapAir.com is accepting bitcoins

Pointshound make you win bitcoins when you book an hotel
1335  Economy / Gambling discussion / Re: Does martingale really works? on: June 18, 2014, 10:05:33 PM
I think I have said repeatedly that betting strategies don't change the underlying probability of the game. People remember series of wins and losses, but dice, RNG, and steel balls have no memory. Each trial is independent.

At the same time, I said that it doesn't hurt. While that is true, there is a tendency to work in smaller units with betting strategies.

For instance consider the case of 13BTC and you would like to double before losing your investment. If you flat bet 1BTC at a time, you have a 43.5% chance of doubling before you lose all 13 BTC.

Now a Martingale player may want to play in units of 0.1 BTC so that he has 130 units to play with. At least initially he can go to 6 losses in a row. Now he had only a 7% chance of doubling before going bust.

In this way Martingale could be said not to work, because it encourages the player to use too small of a unit.



You get better odds doing only one bet, I was discussing it here https://bitcointalk.org/index.php?topic=651692.20

Quote
"I think I have said repeatedly that betting strategies don't change the underlying probability of the game. People remember series of wins and losses, but dice, RNG, and steel balls have no memory. Each trial is independent."

In a brick and mortar casino you are better off playing the number and color that came out because maybe there is a little flaw that makes them come out more often Grin
1336  Economy / Gambling / Re: Freeze out calculations on: June 18, 2014, 10:03:31 PM
You are correct :

If you want xBTC and you either get it with a martingale starting at x : x; 2x ;4x; 8x or a big bet of 15x at 1.067 you are better off playing the martingale

BUT

When you play a martingale you are usually looking for a bigger win than a single unit win, for exemple it is commun for martingales to wait to get 30% 50% or 100% before stopping

Right.  The best way to play is to risk as little as possible.  Running a single martingale sequence is a good way to do that.  If you run it over and over again, you're increasing the amount you expect to lose.

If you want to win more than a single unit, you need to redesign your martingale sequence such that you achieve your target in a single run...

The thing is martingale are fun and playing casino should be about having fun
1337  Other / Beginners & Help / Re: Martingale System on: June 18, 2014, 10:00:07 PM
As i allready explained somewhere , martingale is not a good system enough, since you have to have like 100 BTC to be able to make 0.001 per day with a really fast script to be on the safe side.

There are a lot of people that can confirm that 34 streaks (non winning numbers) happened , now to transform that in numbers:

1-0.00000001
2-0.00000002
3-0.00000004
4-0.00000008
5-0.00000016
6-0.00000032
7-0.00000064
8-0.00000128
9-0.00000256
10-0.00000512
11-0.00001024
12-0.00002048
13-0.00004096
14-0.00008192
15-0.00016384
16-0.00032768
17-0.00065536
18-0.00131072
19-0.00262144
20-0.00524288
21-0.01048576
22-0.02097152
23-0.04194304
24-0.08388608
25-0.16777216
26-0.33554432
27-0.67108864
28-1.34217728
29-2.68435456
30-5.36870912
31-10.73741824
32-21.47483648
33-42.94967296
34-85.89934592

Sum till this bet is 171.79869183 BTC, Are you still sure you want to do martingale?



Risking 171BTC to make a satoshi is putting martingale into perspective

I want to answer to OP : try it for free, you will see that you will win sometimes and lose sometimes Wink No betting strategy beats an house edge
1338  Other / Off-topic / Re: What exactly is the most important thing in our life? on: June 18, 2014, 09:57:46 PM
It is hard to pick one thing because the question is extremely open : what is the most valuable thing in your life? Why would you die for?

I would say the most important thing in my life is improving in every aspect and making better and better choices until making the correct decision is a habit and is therefore easy
1339  Economy / Invites & Accounts / Re: WTB: member and full member accounts on: June 18, 2014, 09:55:19 PM
Anyone selling their accounts think twice.
You can earn double than this within a month using any signature campaign.

They know that but maybe they are selling an alt account or they don't want to post everyday
1340  Other / Beginners & Help / Re: Is This possible.. Ads to each btc address on: June 18, 2014, 09:52:02 PM
This is just one example: https://blockchain.info/address/1i7cZdoE9NcHSdAL5eGjmTJbBVqeQDwgw
You can see quite a number of "notes" there.

I wonder why he receives so many when other addresses receive nothing

Deposits are often 0.0001BTC!

IMO, there are 2 reasons.
1. The address is one of the richest addresses (http://bitcoinrichlist.com/top100).
So, people are more likely to check that page from time to time, and so it has a higher successful rate for the ads and begging stories (I personally don't think it works at all).
If you check the list of richest addresses, you can see there are notes on many of the addresses as well.

2. The bitcoin on that address is indeed the "DPR Seized Coins 2".
So, you can find some sorts of messages to the FBI and US government (Of course, the FBI won't care about it).

I missed that, I guessed it is probably worth 10,000satoshis to have your name out there

The messages are only "DPR Seized Coins 2", what does it mean? Why aren't there any other messages?
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