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1321  Economy / Speculation / Re: The Everything Bullish Thread on: October 20, 2015, 06:42:10 PM
I am not finding this article. Can you please show me the title? I doubt that this activity told by you is possible in one country which have one political party WITHOUT the known of this activity by the Authorities. To not tell that I am sure. If tolerated by the party it is possible, if not, is NOT possible. Anyhow let's read the article before. Have in mind that in all the world are only 7 the country with one party. Those are People's Republic of China, Democratic People's Republic of Korea, Cuba, Laos, Vietnam, Sahrawi Arab Democratic Republic and Eritrea.

See here for more: https://en.wikipedia.org/wiki/Single-party_state

In China for example if the party will decide the complete ban of bitcoin it will be not anymore possible for sure that someone mine or change bitcoin normally. Maybe in the black market yes but those people that do such things have their life in risk in every moment. Or imagine that this activity can be made at Democratic People's Republic of Korea without the knowledge of the Authorities. It is totally impossible.

I'm very curious to read the article you mentioned. I'm waiting the title.... Thank you. Shocked

Here is the article I was talking about

http://www.coindesk.com/research-bitcoin-price-higher-repressed-countries/

I do agree with you my friend, and I think the black-market here will be the solution.

In the article have no one word about the countries mentioned by me. There is wrote about the less ECONOMIC freedom countries. Must be told that the economic freedom is not connected only with the number of political parties.  There are to many countries with more than one political party and have less economic freedom than China for example. So it is not only the number of political parties which decide. It is the way that the leaders of the country choose to govern. But the probabilities that this economic freedom be less are primarily the countries with one political party. They use the force to be only those in the politics of the country and such desire make true the limitation of all the others aspects of every kind of freedom. Because have fear that the freedom of every kind except the political one become desire even for political freedom.

Anyhow this is not and overall formula. China for example is an open mind country with a very smart leaders. They are known for their ability to give the people everything they can but in the right time. But even they are not different from the others when is touched their being only one political party. I don't know if have knowledge about the protests of the young Chinese people in the '90 and the reaction of the Government. They used the tanks to pressing all the demonstrators and to show to all the world that their power as a single party is untouchable. They had critics from all the world but nothing changed. They considered everything internal issue and the others must see their stuffs.

I'm telling this to show that in the countries with one political country is not possible to made things not allowed by the Authorities. Even the most liberals (like China for example) have overall and full control of everything. If they don't want something, that something cannot be made. Only if you want to put your life in risk.

As about the article I don't think that the author have taken in consideration such countries. Maybe except China. Even my perception is that the economic freedom in this country is not less compared to the other developed countries.

I have my doubts about the possibility to have real or significant bitcoin activity in the remaining countries. From internet I found the below data.

I am sure about the lack of this activity in Democratic People's Republic of Korea. Even from there there was registered one transaction this is not considered as activity.

I'm surprised about the accepting of bitcoin in Vietnam by oine business open the last days. The data of Wikipedia were shown accurate always when I had use those and those data show that there bitcoin is banned.

I read at internet that bitcoin is known very few in Laos. According to http://crobitcoin.com/bitcoin-laos-thailand/:

"However, people who worked there haven’t even heard of Bitcoin. Maybe at some point they were accepting Bitcoin payments but didn’t have enough volume so didn’t educate the staff about it. In general, I found that the majority of places that are marked on coinmap actually don’t accept BTC once you get there."

I am not finding data about bitcoin in Eritrea while according to https://www.cryptocoinsnews.com/first-documented-cuba-bitcoin-transaction-now-history/ the first transaction of bitcoin in Cuba is registered only at the end of July of this year (so only about three months ago). You can imagine what kind of activity can have bitcoin there.

No sign of activity or data about bitcoin in Sahrawi Arab Democratic Republic.

As you can see in every of the country with one political party (except China) there are not real activity of or with bitcoin. So they cannot be in the list of countries taken in consideration from the student about the study of who is made the article you gave to me. I think that even the black market doesn't exist in those countries. Bitcoin is not arrived yet in those.

1322  Economy / Speculation / Re: The Everything Bullish Thread on: October 20, 2015, 04:32:22 PM
You must have no idea about a country which is governed by only one political party. I had this experience. My first 27 years was lived in a such kind of country. In this kind of country you are controlled by the "Big Brother" in every aspect of your live and life. Not only in the public life (like it is the example of article) but even within your home. In that kind of country if the Government don't want something it is for sure that "that thing" will not happen for sure. Never. Period.

Kindly read an article I've posted about Bitcoin is countries like you mentioned, prices tends to be higher there.


I am not finding this article. Can you please show me the title? I doubt that this activity told by you is possible in one country which have one political party WITHOUT the known of this activity by the Authorities. To not tell that I am sure. If tolerated by the party it is possible, if not, is NOT possible. Anyhow let's read the article before. Have in mind that in all the world are only 7 the country with one party. Those are People's Republic of China, Democratic People's Republic of Korea, Cuba, Laos, Vietnam, Sahrawi Arab Democratic Republic and Eritrea.

See here for more: https://en.wikipedia.org/wiki/Single-party_state

In China for example if the party will decide the complete ban of bitcoin it will be not anymore possible for sure that someone mine or change bitcoin normally. Maybe in the black market yes but those people that do such things have their life in risk in every moment. Or imagine that this activity can be made at Democratic People's Republic of Korea without the knowledge of the Authorities. It is totally impossible.

I'm very curious to read the article you mentioned. I'm waiting the title.... Thank you. Shocked
1323  Economy / Scam Accusations / Re: "hello Im me" is a scammer! on: October 20, 2015, 03:58:39 PM
It was supposed to be a small boost for the forum in the beginning so i made the thread, it was just meant for a few people then I forgot about the thread.
Quote
Sorry I completely forgot about this thread, will close it now.


Shame on you. You must be a coxcomb and less than a stupid if think that telling such bullshits the people will believe you. According to me if before you deserved only a negative trust after these words you must be banned. What are the users of bitcointalk? Your sheeps which can do your desires and be mocked by you with your promises and your lies. Your are even the owner of a forum? What kind of things can be heard in this world. An owner of a forum tell without having the minimum of shame and responsibility that have forgotten to pay people to whom had promise to give them the modest amount of 125 us dollar only for doing some posts in his forum. Only to give a small boost for its forum. But are not you the stupid but us that believed in such stupidity. You have the right to laugh with us now and to tell this story to your friends. How cool you were in making tens of people believe in your joke. But in life, what you do that you will have. Soon or later.
1324  Bitcoin / Bitcoin Discussion / Re: BITCOIN the PORN and GAMBLING future? on: October 20, 2015, 03:25:53 PM
rely on transaction speed not confirmation, use bitpay as a gateway and everything will be fine, if time is a problem
transaction are nearly instant

I don't think that bitcoin based payment processors such as Bitpay and Coinbase are very keen to offer their services to Camgirls and other porn ventures. In 2013 and 2014, they turned down a number of such requests from the shady sectors, such as recreational marijuana (in Colorado) and porn. So let's wait and watch.

Finally something good in all this mess of porn, camgirls, links with camgirls, girls without face but with the rest naked and girls which make invites. It is a pleasure that sites like Coinbase and Bitpay don't think only for the money but even for the moral and the right pleasure. It is not that I don't like the carnal pleasure. But the shown of this kind of "world" in the way which do one porn site make to not have more desire for nothing. Maybe can be accepted if all would be shown differently, naturally and normally but all these exaggerations do from the porn sites make everything hard to be seen and agreed.
1325  Economy / Economics / Re: International Reserve Bank on: October 20, 2015, 02:46:04 PM
In international politics the unveiled NSA spying has at some point been thought about by most every government. With that kind of intrusion by foreign states already in their conscience, why couldn't the political atmosphere there support an efficient economic monetary approach using bitcoin.

Would a collective partnership of sovereign countries whose taxation and economic policies are similar, but for whatever reason not  effective, consider an International Reserve Bank type package based on the blockchain? Is anyone already working on this, and if so how do I get involved?

No, don't exist any group of countries which are considering an International Reserve Bank type based on the blockchain. At least I have not hear this thing. I think that, if this could be possible, it will be a very good thing because will give at bitcoin more power, more visibility, more spread, and more good reputation.
Anyhow, are some rumors that single countries are studying blockchain with the intention to create their own digital coin. These countries are Russia, USA and England. At least are those. Because can be even others which are doing the same thing but I have heard and have data only for the above. If you want to learn more about these initiatives of those read more the content of the links below.

https://www.cryptocoinsnews.com/ibm-federal-reserve-want-create-bitcoin-knock-off/

http://cointelegraph.com/news/115302/russia-to-create-bitruble-a-state-run-digital-currency-for-2016

I think that if this trend will spread in the times to come, there must be good chances about the creation of this kind of bank asked by you or that important financial international institutions adopt blockchain on its interests.
1326  Economy / Economics / Re: Is it a good long term investment to buy 1 BTC today? on: October 20, 2015, 02:27:17 PM
How safe is it?

It is safe at least enough as the amount of money you will use to buy it. 250 us dollar for something that, at least theoretically, have big chances and arguments to have much more value that those in medium and much more in long term, for me, are nothing. I will try to have some more, and in the times to come, even more. I can give you only one argument that can (might) make you to use those us dollars to buy your 1 bitcoin: the halving. We after halving will have half of the bitcoins which will enter in the market and the demands have no reasons to be less than actually. Theoretically have no other reason which can impede the increase of the price of bitcoin.

But be careful. Nothing is sure. Bitcoin can be prey of various speculations or other factors can enter in the market that time and the price remain the same or go down (very few probability to be verified according to me). No one can predict with great security these things. The actual analyse of this case give as a conclusion the increase of price. But the life is another.

The final conclusion: Is up to you to decide if having bitcoin is safe (profitable) in long term or not. For me the answer is yes.
1327  Bitcoin / Bitcoin Discussion / Re: How do you feel about the negative reputation of the bitcoin currency? on: October 20, 2015, 01:57:20 PM
The negative reputation of bitcoin is tight to mt.gox and silk road. People  think that bitcoin is mostly used to buy drugs and weapons. But in reality bitcoin is more than a financial tool to obtain drugs.

This is true. But even after Silk Road the use of bitcoin in the Dark Web is enormous. According to CoinDesk "Dark Web Markets Processed More Bitcoin than BitPay in 2014". Following some data from this article:

"... Kyle Soska and Nicolas Christin from Carnegie Mellon University revealed that even by conservative estimates the daily sales volume of six large-scale dark markets reached up to $650,000 in 2014.

The bitcoin merchant processor's self-reported annual total, $158.8m, would produce a daily average of around $435,000."

More can be found here: http://www.coindesk.com/dark-web-markets-processed-more-bitcoin-than-bitpay-in-2014/

So the people have right in thinking that bitcoin is used mainly from the criminals and culprits. The only thing that can fight this is the regulations of bitcoin. In this way, bitcoin will be known by to many other kind of people, will be owned and used by them and will be not more only an illegal currency used by the above firsts people.

As for being more than a financial tool to obtain drugs this is more hard to be understand and explained because even to many of us which have time in learning and using it is hard to find which of its technological qualities can (might) be used or have importance in the real life except being an currency.
1328  Economy / Economics / Re: How too get rich on: October 20, 2015, 01:32:38 PM
I already told you so, just use the compound interest and let the math work. Reality is not so complicated when you have a clear way, just look at my topic and become rich as me  Grin

https://bitcointalk.org/index.php?topic=913306.0

So you want 100 us dollar to trade and to have fun from your trading. You believe to have for sure 10% profit 100 times in a row? Very smart. How do you have that power to assure 100 times in a row 10% profit? In which way do you think to realize this? To not tell that loosing 100 us dollar it is not at all fun. So cannot be fun if I have in risk 100 us dollar and laugh with the possibility to lose those.

Always if I would give you (a totally unknown and gambler person) my 100 us dollar....

But try to answer to my questions and I promise that I will think about your proposal after reading your post and your explanations...

1. I don't want 100$ from anyone, I already have my own money to trade.

2. I believe that by making correct investments I have higher odds to make a 1.1^100=13780.6 multiplier to my initial capital. Why? Cause crypto has the perfect environment to speculate and generate bubbles.

3. I cannot assure to complete the mission, but I promise you that my odds of doing so are much much higher than 1/13780.6 .

4. There's one only valid strategy to win in the long term here: only pick up valuable coins at depressed prices and sell when the bubble starts.

5. Of course, without risk is impossible to win anything.

6. The main reason to trust in me, God is in my team.  Wink

7. I don't care what you do, I just give the possiblity to follow me. Cheesy

I see that you are good in words and secure in actions. But not convincing in your intentions. If you don't care about what I will do why give me the possibility to follow you? The possibility to earn something normally is given to the people about who someone care and not at everyone. At everyone only asked money.  Wink

Then show me that God is with you. If you do this and I will be able to see this I will follow you not with 100 us dollar but with 10 000 us dollar.  Shocked

At the end how do you find when an valuable coin is depressed and when is in bubble? Don't tell me that is God that tell you that....  Cheesy
1329  Economy / Web Wallets / Re: How safe is Bitcoin really? on: October 20, 2015, 01:06:31 PM
It's possible to hack an online wallet, but it's almost impossible to hack a wallet installed on your computer if you have also installed up to date antivirus software and a firewall. If you control your Bitcoin private key generated by your wallet installed on your computer then your Bitcoins cannot be stolen by directly hacking your Bitcoin wallet. The only way your Bitcoins stored on your computer can be stolen is if your computer gets hacked, or infected with a virus.

Online wallets are sometimes hacked, but whoever runs the online wallet controls your Bitcoins, and how secure the wallet is depends on their coding skills.

If an online wallet is hacked that doesn't mean that you can loose for sure your bitcoins. Depends in which online wallet they are stored. I use Coinbase and this wallet keep up to 97% of customer funds stored offline. So even if hacked the hacker will have almost nothing (if will have the possibility or the chance to find those 3% bitcoin remain online). This is the first thing. The second is that no one from the part of wallet (employee, manager, owner or whatever it will the human kind which work with Coinbase) have no possibility to touch my bitcoins. According to Coinbase Blog of October 29, 2014 with the title "Introducing Multisig Vault - You Can Now Control Your Own Private Keys On Coinbase":

"Our new Multisig Vault gives the customer complete control of their own private keys.  Coinbase has no ability to move funds (which means you are safe from Coinbase being hacked, going bankrupt, or anyone seizing your bitcoin).  It also means that you as a customer have much greater responsibility in storing your backup key securely.  If you lose this backup and forget your multisig password, Coinbase cannot help you recover your bitcoin.  For this reason, we only recommend this feature for advanced users."

I don't use this Multisig because I am not an advanced user. But even the hacking of the wallet itself is very hard to be made. In my account can be entered only after the put of the code which come to my phone or to my account at Authy (which have my phone number). So it is not very easy. It is not at all easy. But this is not all. Bitcoin stored on their servers is covered by their insurance policy. According to their site:

"Coinbase is insured against employee theft and hacking in an amount that exceeds the average value of online bitcoin it holds at any given time. Specifically, Coinbase's insurance policy would respond in the event that bitcoin stored in Coinbase was lost or stolen as a result of a breach of our physical security, cyber security, or as a result of employee theft."

"Coinbase has held this insurance since November 2013 with highly rated carriers (S&P rating of A+ or A.M. Best Rating of A XV or higher)."
1330  Economy / Economics / Re: How too get rich on: October 20, 2015, 12:45:14 PM
I already told you so, just use the compound interest and let the math work. Reality is not so complicated when you have a clear way, just look at my topic and become rich as me  Grin

https://bitcointalk.org/index.php?topic=913306.0

So you want 100 us dollar to trade and to have fun from your trading. You believe to have for sure 10% profit 100 times in a row? Very smart. How do you have that power to assure 100 times in a row 10% profit? In which way do you think to realize this? To not tell that loosing 100 us dollar it is not at all fun. So cannot be fun if I have in risk 100 us dollar and laugh with the possibility to lose those.

Always if I would give you (a totally unknown and gambler person) my 100 us dollar....

But try to answer to my questions and I promise that I will think about your proposal after reading your post and your explanations...
1331  Bitcoin / Bitcoin Discussion / Re: What if bitcoin is regulated in China? on: October 20, 2015, 12:24:53 PM
Something that could be terrifying would be if they agree to start an "official" state-controled cryptocurrency. With all the money that this group of people have, they could kill Bitcoin and even Ethereum !

Can you please explain how exactly any state-controled cryptocurrency may put other cryptocurrencies in danger? Let's say Russia will start producing its own dollars, will this put U.S. dollar in danger?

But if they fully legalize Bitcoin, price will surely increase Smiley.

Bitcoin doesn't need no "full legalization". It just needs less restrictions and regulations.


What does it mean "less restrictions and regulations" and where is the difference between the "full legalization" and the "less restrictions and regulations"?
I'm curious to know these detailed concepts and understand the difference between those. Because to me, to tell the truth, seems without meanings all this game with words.

To not tell here that the regulation on itself can be very different from country to country. So can be with "more restrictions" or "less restrictions" being in the same time "full regulation" and "full legalization".
1332  Economy / Economics / Re: Why Satoshi Nakamoto WON'T win a Nobel Prize on: October 20, 2015, 12:08:53 PM
When Bitcoin goes mainstream, it is possible to award Nakamoto Nobel Prize if he wants to identify himself.

i doubt he is not holding a very big fortune, it's the reason i think he is not revealing himself anywhere, and i doubt he care about the price nobel, he seems someone who like to be anon and not reveal his identity

not someone that aim at being famous with his face

When Bitcoin goes mainstream, it is possible to award Nakamoto Nobel Prize if he wants to identify himself.

i doubt he is holding a very big fortune, it's the reason i think he is not revealing himself anywhere, and i doubt he care about the price nobel, he seems someone who like to be anon and not reveal his identity

not someone that aim at being famous with his face

You think that 1 000 000 bitcoin (see the first link below) or 1 500 000 bitcoin (see the second link below) are not a big fortune? Lol. I will be very happy and will consider myself as a big lucky person if I had even with 1000 of those. Much more than happy and lucky ...  Cheesy

Or you think that hime has donated all those....  Huh

https://en.wikipedia.org/wiki/Satoshi_Nakamoto

https://bitcointalk.org/index.php?topic=37333.0

p.s. was a mistake, i mean  "he is not holding" forgot the not  Cheesy

Since the begining him didnt had show is face,he made bitcoin anonymous for all as their identy,soo why woul he get bored because a prize?We using their creation ,and it reaches the current level,and being alive is a huge sucess and enough to him be prouf of his creation.
And sure he is milionaire soo he is spending some bitcoin or using fiat to buy confort travel around the world and even see where he can pay with bitcoin and supporting his big child.

No one of the first 1 000 000 bitcoins is spent. All those are stored there where only Satoshi know. If he spent even 1 satoshi it will be traced by to many "maniacs" of the following of the flow of bitcoins since on its origin. So, if Satoshi spent only one 1 satoshi from its wealth it will be identified (the wallet and from wallet maybe even other things). He knows this and all that good of God is sleeping who know where. I don't know and don't understand to much about these things but I know that everything write above by me it is true. That is what I have read in some place in internet.
1333  Bitcoin / Bitcoin Discussion / Re: How do you feel about the negative reputation of the bitcoin currency? on: October 20, 2015, 11:51:35 AM
When bitcoin is regulated properly, the reputation will improve further even though I think bitcoin has quite good reputation now.
I don't want it to be regulated.

Wrong approach if you want that bitcoin go forward. Without regulations and legalization it will be never a future for it. No one country will accept it. Then where is the problem of regulation? If you are a criminal or want to hide something bad I can understand your point of view but if you are a normal people it will be the same. If you want to change bitcoin nowadays almost all the exchanges now (anywhere you are or they are) ask for your identity and proofs about it. If you want bitcoin (and are not a miner) you must buy it. Can be bought in an exchange which will want your identity and the proofs of it. Your anonymity is gone with this action.

So the only thing that can made the people to not accept the regulation its the power of bitcoin to not reveal the identity of the owner; otherwise called anonymity. This specific is already gone. So why not the regulation when ask nothing and give to much to it?
1334  Economy / Service Discussion / Re: Tsu, the facebook alternative to add Bitcoin ? on: October 20, 2015, 09:38:18 AM
well i idid not know about tsu, never hear about it, but what im 100% sure is that to spread the word of the bitcoin is always a good idea, through tsu or in any other way.

so from my point of view, if they start to do it, it will help.

But I know that the time spent there is wasted time for me. At least so was all my time spent there.

haha i know how you feel, i dont like so much the social networks too, but you know, there is lot of people who use it, so...


It is true. Every tool used to spread bitcoin or can be used to spread bitcoin is a good thing for it and for us which like it. But i can assure you that with tsu will change nothing. I think that every user in tsu, after 2-3 days on it will leave it. So no one will be able to have some bitcoin and to learn more about it.

As for the using of social networks you are right. I have my doughtier and my wife which passe to many time on those. With their friends. Strange desire for me but them like this. I cannot make nothing except to agree with this in vain theirs desire.  Wink
1335  Economy / Economics / Re: How too get rich on: October 20, 2015, 09:26:59 AM
Just save all your income, then invest it where you think that it can grow faster then at some point you have the chance to be rich.

Have you checked the previous pages of this thread? How is it possible to save money when you are not rich? Even middle class guys are not having the luxury of diverting a part of their earnings as investment, as the salary is getting eaten up by house rent, food, utilities, and other expenses. It is possible to save money only if you are reasonably well off.

Correct the part not in bold (according to me). I tried every month to save part of salaries (mine and my wife's) which enter in our family budget but I can't. The last week of the month we go every month (like a clock) to the place when are those money and take all to spent for the everyday life. But it is not only this the reason of this posts.

It is even to write that if the normal people with normal jobs have difficulty to save money because of the increased cost of the life and the insufficient salaries, the rich have no reason (according to them) to save money. Normally they struggle the mind how to find ways to spend the money and not how to save those. They have money in abundance and rarely some rich people think to save those because are convinced that this it will be so forever. Rarely they think that one day may not have those. For that kind of people money is something normal for them which will go to those without end and big amounts. Especially for them which have not earned themselves those but are money given or taken from the daddy or the mammy. So no need to save. Only to spend.  Wink  Cheesy
1336  Bitcoin / Bitcoin Discussion / Re: Can anyone recommend a good Bitcoin documentary? on: October 20, 2015, 08:18:57 AM
I'd like to see it and share it.

You can find hundreds of documentaries and see what you want about bitcoin doing a simple search in google using the words "bitcoin" and "YouTube". You can choose yourself what to see and what not. If you have time try to see all. Normally everyone have something new or a different approach in showing something about it. In this way you can see and learn to many points of view and this may (can) help you to understand better everything about this invention. There are really to many the things that can be known about it.
1337  Economy / Gambling discussion / Re: Everyone looses in the long run on: October 20, 2015, 07:59:40 AM
I do agree that the house edge always gets you, now I'm not a gambler at all however in my early years I used to go to a local casino for half an hour and win around $15-30-50 a day. It was in an electronic type roulette. I swear I somehow learned a pattern where certain numbers kinda started to fall which eventually lead to me betting on number zero and win big.

The moral of the story is that, while I did this for a month or so and I was very disciplined (cashing out after I hit 0 or other number), one night I thought I was invincible and started playing BlackJack because I wanted more. I think I loss 30-40% of my winnings so far in that one night. So even if you somehow managed to get good in a game, a bad streak or a bad decision will take it all away eventually. The casino knows that when you win, you will come back to lose it all sooner or later.

I know what you are wondering, so why don't you just kept playing on the roulette? I did for a little why, but they eventually closed it and then later upgraded it for a new one. There was no pattern to learn on this one...  Cry

The most true words about gambling. A real story of everything I write in my posts about gambling since the first day I wrote about it. This post mus be read by everyone who gamble. Every word of this post is a precious lesson for every gambler. This story will be repeated always by everyone which will continue to gamble.

From above post:

The casino knows that when you win, you will come back to lose it all sooner or later.

This is the cruel true for every gambler. Gambling create addiction. The addiction create for sure loss of all the money. End of story.  Sad
1338  Economy / Gambling discussion / Re: How much can you earn with gambling? on: October 20, 2015, 07:34:40 AM
i doubt that you can make a lot of money with it as it has house edge

I really do not know about gambling on games like dice or any other games but I usually bet on sports and made so for over couple of bitcoins but I'm not a guy to bet each and every match but once in awhile small amounts. So for a won over 90% time in my bets. But when I bet I don't listen any suggestion and bet only on those sports which I know well.

How much we can make from gambling is purely based on how much risk we can take for gambling. The risk and reward in ratio. If you take high risk and put some perfect methodology then making good return from gambling is not a big deal. People are already making good amount of money from gambling.

Totally wrong approach according to me. There are not any kind of strategy that you can create, invent or calculate to earn in gambling (against the casino or or online gamble site). The gambling is only luck at the beginning, maybe a little courage in games like poker (always when you are not playing with the casino or the online site) and loss for sure of all the money you gamble in long term (always when you play with the casino or the online gambling site). It is questionable matter when the gamble is between peoples). But even in those cases, if gambling it will become an addiction, there will be more loss then earnings. I invite you to tell me an amount that you can earn in gambling using your strategies and methodologies and then earn it. You will not be able never to realize such thing. This kind of things in gamble earnings (that can be seen in the movies) are only theory and never applicable in practice.

But even if can be earnings, the power of desire to earn more or (worst) the addiction from gambling (which the most strong weapon in the hands of casinos or online gambling sites because gambling soon or late create addiction-scientifically proved) , will make everyone, soon or later, to continue the game and play again and again. This is the "secret" of the loss. In long term, gamble always hit. Everyone. With or without strategies. With or without methodology. With or without luck. This is my conviction. Maybe I'm wrong. But almost every store heard by me give me reason. The only two-three case which i know that I ha earnings have to do with the scratching, bingo or lotteries. That normally are not classic gamble and having not to much to do with of the common gambling games in which play the most of gamblers.
1339  Economy / Economics / Re: Who's using Bit-x exchange? on: October 20, 2015, 07:03:39 AM
I looked at the price for GHS on Bit-x and it is ridiculous.

The Bit-x maintenance fee is 679 satoshis/day. Currently 1 GH/s earns about 827 satoshis per day. That means 1 GH/s earns 148 satoshis/day.

1 GH/s currently costs 153k satoshis, which means that it will take almost 3 years to break even.

Good for them. Give lots of bitcoin in publicity and have those data?

On the other hand it is the only way to have customers. Do publicity to have the break even after three years. Now, with the above data, I found another reason why the Big Manager of the signature campaign of this business, called my posts "rubbish". In my posts I suggested to the people to not mine at all because is not profitable. Without seeing in my signature that Bit-x is not only an exchange but even a mining service.

But at least the Big Manager might have shown those to the public telling that these are the rubbish posts to this horror English person. We give money to this person and he tell to the potential customers to not mine at all.

Anyhow, for sure I will do the same, if I will have knowledge before about the earnings which a customer can have from their mining. For sure they benefit from the difficulty which have a normal person to do the above calculations. So benefit from their incapacity to learn before the beginning the mining process of the impossibility (practically) to earn. When the customer will know the truth it will be very late. Already paid the money. And they had the profit.

I understand you pissed and bored with the other signature campaing ,but well would be good for you and your posts forget it.Bit-x is another project with a good support by their members,and well all knows cloud nowadays arent profitable to members,if value returns to 400 or 500 dollars i guess it will return the interest .

You're partially right. In other words, less right and more wrong. I'm angry with them. And I will be so maybe even for a few time after today. But mine was more a "pastime" and a normal post like the others than and angry or bored post like you mentioned in your post.

Was something new for me the discover (really) about this kind of service offered by them. I knew only that their business was only an exchange. I really didn't know that they offered cloud mining service. Seeing the profit that can be made from this service (from the post of the guy quoted by me) I think that everyone (even those which has never to do with their signature campaign - like the user quoted by me in my posts), would have to write something about it.

So you, better write about the aim of this thread then criticize me or handle my spiritual or mental situation. I think there are to many words to write about their cloud mining service. Better give your opinion about it. I would made this if I would be you.

Without anger and in totally sincerity about you and your words about me.  Wink Cheesy
1340  Bitcoin / Bitcoin Discussion / Re: Should Bitcoin's logo color be gold, and not orange? on: October 19, 2015, 04:22:18 PM
Must be as it is (as for me). Better orange then gold. It it will be gold then can be similar with the gold. Will lose its specificity. Bitcoin is totally different from gold. This must be expressed in everything which represent it. Even (and notably) the color of its logo. Orange is a beauty color which express power (the Sun is orange), happiness and being unique (compared to the gold).
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