Nice point there, HeRetik! Worth noting that merchants would rarely allow themselves to be exposed to trolls like Alice so would only accept a single transaction. This is also why most sites ask for min deposit amounts, to avoid collecting dust from trolls. In fact, most sellers only assign 1 address to collect payment and expect only a single tx to fulfil conditions.

Lightning Network would also help alleviate dust concerns. Alice could send everything in single satoshi payments over a channel and merchant might appreciate the silly display of exuberance with a chuckle

If you remember how you bought the Bitcoin (credit card? bank transfer?) that is another clue to help you find out where you bought it from. International standards for financial institutions used to be to keep all financial transaction records for at least 7 years before destroying them. If you could see the company you paid to or even the bank account you wired money to, that would really narrow down the list, especially if you never moved the Bitcoin away from the place you bought it from (I'm thinking since it's a password you have, then it's an online/web wallet service).

As users above say, unless you provide more info about how these passwords look like (without actually revealing them here), we could help identify what they are. More helpful is detail on the second password you have. String of words? String of random characters?

We're talking about Bitcoin sportsbooks here. Promoting the use of Bitcoin and then requiring KYC are ideologically at odds with each other. There are other ways of preventing fraud without compromising personal data and privacy.

Dig deeper and you understand that a lot of the frustration with KYC actually stems from those that request KYC only when customers want withdrawals. In most cases, the requirement is not apparent, not imposed at deposits, and in fact not rightly theirs to ask, when they're not actually regulated.

Alice only made one transaction, so she paid the fees for that transaction... Effectively she pays for the work the miner needed to verify it and for the amount of information it took up.

What Alice got back was change. Think of paying a 2 dollar coffee with a 10 dollar note. You won't get charged to receive 8 dollars in change back.

Don't know about BetKing. I do know about BitcoinRush so can agree with this. It's still flying under the radar after all these years, but I'm surprised no one's caught on to their odds, which have consistently been better than even Nitrogensports (which I still use myself as they do have more lines). Add their cashback and you've got a really good thing going if you bet frequently (that extra 1% on odds adds up!).

I do occasionally use others every now and then but only if/when they have props I like.

Yeah I think they still offer this, but order reservations are limited and appear not to have been expanded in a long time. They also made an announcement end of last year that hinted at them moving out of China, no update on that since, so I wouldn't count on them to redeem any equipment for now. Their pool still seems active and can't see complaints, though they've never really offered the same kind of contracts the big players do.

Quick check on their rates show a break even after 22 months right now, my guess is that these more realistic rates aren't attracting a lot of actual buyers!

OP, just buy your crypto now and sit on it. 2018 lows so you really are in a bargain market.

Just goes to show there's still plenty of trolling going on in these sort of polls (referring to blame on aliens), if anything, those are probably the true holders just enjoying the ride, knowing full well this dip is all part and parcel of the long view.

Pundits as usual grasp at any and all straws to explain prices, still failing to understand that short term price movements have never needee rationale.

This reminds me of Nano (the rebranded xrai or mrai, can't remember honestly now). Everything was mined via captcha.

Point is, I also recall the number of threads specifically dedicated to collecting people to help solve those captchas, paying what I would say were amounts only significantly better than collecting faucets. Since this could still result in tens of dollars for a day's work, it meant a lot of willing workers - I come from a country where minimum wage is less than $200 and my neighbours in other countries generally don't even meet their much lower minimum wages. So you'd see legions of these workers mining for a handful of people.

Towards the end of last year, it got even more organised. People integrated it into faucets, drawing even more people (faucet hunters) mining for them.

That demonstrates a bad-case slavery scenario for your idea, and ensured most of the mined coins belonged to the very few with resources to organise.

I theorise that it would also still be possible for computing power to randomly attempt to solve these NP puzzles (keep changing IP and just randomly select answers) and achieve low rates of correct answers, and yet still outperform productivity of a slower human over time. I know randomly clicking captchas or always selecting the same images sometimes still solves it!

I think, what he is saying is that what you're offering isn't actually any different from a crypto sportsbook. I can go online right now and easily find bets that would take 1.5 BTC (that's a bit more than $10k right now) on a bet, at the odds displayed.

Sure, the odds might shift a little after you place that bet, but you'd get the full odds for the full amount of your bet if accepted.

What I think OP is trying to say here is that he can take high wagers at the odds advertised. For smaller markets, the betting volumes are low, so the max limit would be low, or a 10k bet would crash the odds. That's actually also how arbitrage manipulation happens, but nowadays all the sportsbooks have pretty solid risk management mechanisms that adjust odds and limits according to the volume.

OP is hinting that he's an offline bookie. So fluid mechanisms.

Don't fall for it though, guys. Offline bookies pay you when all goes well. You really think they'd have paid out anyone who bet $10k on Leicester City to win the EPL 2 seasons ago at odds of 500/1?

Yeah, as hugeblack says, you'd get a lot more responses on Services and if you post advanced knowledge of remuneration in Bitcoin (yes because very few people want to get paid in alts/tokens, and if they do). Be forewarned, pay peanuts and you'll get the peanut hunters the likes of which will only bring your channel down. That's not just friendly advice;)


It's definitely not going to accept shilly articles, which is what bounty hunters brought to Medium. It's actually still very crypto-friendly, as long as you follow all their terms regarding crypto. In simple terms, don't shill, don't promote projects other than your own, don't bounty hunt. If you're only writing about your own project and not directly soliciting interest (referrals for example), they're cool with that.

Reference: https://help.medium.com/hc/en-us/articles/360000646167-Cryptocurrencies-on-Medium

OK signed up for both, finished my bracket in 2 mins, I thought hey let's see where my gut takes me! And I avoided all the most popular scores in the league... Going for least popular scorelines for higher points. Though I suppose it doesn't mean anything for our pool purposes

@hilarious every world cup has its scandals so yeah I wouldn't put it past elements within Russia to be behind some decisions. Expect at least a handful of referee incidents. Like you said, if they could buy the WC, why not a few officials?

@LFC good to have you back!

Yeah, no need to proceed with Simplex (that's the credit card processor used by Bitcoin.com). Payment's processed and the BCH already sent. Loyce gives you everything you need to work it out (export private key for use in BCH wallet).

I would add that if it's a lot of BCH, you could scout around for better rates. Shapeshift's really good in that it's as quick as you could expect from an exchange, but they don't have a very good rate - at least, not in my experience.

Condolences for falling for that evil trick by Bitcoin.com. I thought they'd changed some of their wording after all the backlash to their misinterpretation of Bitcoin.

I actually wondered many times myself when the next Hollywood blockbuster would move away from Bitcoin and crypto as just simple tools used for crime, and focus instead on some of these unlikely cataclysmic events just as you mention. Cyber terrorists/hacktivists secretly taking over all Bitmain equipment and one day taking control over all of it to destroy it with a virus. Maybe several large EMP attacks all over the industrial rigs. But yeah, I'm surprised someone else thought of Greenpeace-like radicals doing something like this. Waiting to be turned into a book/script/film.

Street robbing! I think we all have less to worry about from street robbers than we do the banks and states who rob us in full view, in broad daylight, each and every day. Inactive accounts? Closed. "Taking care" of your money, which they just use to create more money and loan out to others for more? Charge fees. Use your money? Fees. Bad economy? Devalued. Pay you interest? Inflation.

Besides, street robbers could just break your arms to force you to give over your Bitcoin anyway

Yeah, I think anyone seriously wanting to win money would probably just spend days betting on sportsbook. I actually had a really enjoyable experience with the recently-concluded EPL pool hosted by the same hilariousandco. Don't know if I'll learn anything from you guys (not because you don't have knowledge to share but because I never learn my betting lessons) but can already sense a bit of fun in this group... LFC, toke, Sy, and even Welsh looks like he could scatter some fun times over this thread.

I'm actually going to MISS the opener! Real life is inconveniently in the way.

Will do, Sy! I just need to reconsolidate my free time (I miss gambling as I used to, honestly!). I just read that Monster Byte's Nessie.io is announced, soon launching. An exchange that also lets listed tokens be used at Moneypot casinos... Bit-Exo will be gaining a lot of new users, hopefully! Will look a bit more at BXO but I do have doges that haven't seen action for a while. Hope to see you soon.

Wow has it really been that long at number 1? I knew it was 2 years at least but time flies a lot faster than I've been keeping track on. Another 46 weeks won't be that difficult (crazy talk in a normal world but we're dealing with deities of tennis here). I'm sure that's also his target in mind so it won't be a bad strategy to keep punting on him until that target's met, just that the odds will all be slim. Also lost my Thiem bet, albeit a really small one as just over @4 wasn't that much of an incentive. I was hoping for a bit more stiff competition though, seems like Nadal's just impossible to steal sets from.

Just spent my commitment to the WC pool, I realise I'm the most cheapskate fee sender but I promise it'll confirm!

Thanks again to hilarious for organising this. I see 9 people already sent, so the pot's already pretty nice to see. Trofo and tokeweed, I see you got your sidebets going. Tempted to offer a head to head against my very own Mo Salah but let's see what happens with his fitness these next few days. I know I might as well bet on a sportsbook for him but there's no existing lines other than Golden Boot and even I know it's a long shot for the Egyptian to win that without 2 of his Liverpool Tremendous Three with him.

Precisely why they'll keep on harping on all these skewed numbers to their benefit, to hold on to their status quo for as long as possible. As metrics and blockchain analyses get better, they already have to let go of one of the old Bitcoin tropes that only kidnappers and dark market traders use them.

Guys like Chainalysis and Elliptics should start digging into some of these big wallets and see how much of it actually belongs to exchanges we already know hold the big wallets. These represent hundreds of thousands of user accounts - all lumped into exchange-owned wallets. Of course, this does reflect the reality that all these users don't own anything more than a pledge and promise from exchanges - but it is important to note that these huge balances are channeled by many, many individual users.

Because... from what I glean from the article, every time you order an Asic from a big player, even if it's the one with the quickest delivery time to order like Bitmain, you give them enough capital to make much more than 10 times what you ordered. By the time you receive your order, you get 1 ASIC, weeks or months closer to being obsolete, while the big player has more than 10 times more resources to add to their own hashrate or develop more efficient tech.

So the more you support by buying from them, the bigger their monopoly of hashrate. Yes, you're spreading out the hashrate, but it is the minority share that's getting more distributed. The majority, the big players, gets bigger.