It would depend on the extremity of your argument. In my state of about 3 million people, more than 1 in 4 people are illiterate (72% literacy rate to be precise). I have some older relatives in that category. On that account alone, you would have to provide them basic education first before even getting into something like Bitcoin. Basic maths is at least still something naturally taught, and fiat is still something that makes sense for them.

And then we have another instance of bitcointalk users. I can safely say we're all educated. To some extent knowledgeable, in our own various industries. The least of us know how to use Bitcoin and the best of us believe it is something built and intended for the masses.

Gambling has always been at odds with Turkey's secular policies and religious political parties, but it has found some balance through extremely tight regulations. This latest move is probably aimed more at maintaining that balance and keeping in line with commitments, rather than as a reaction to Bitcoin or crypto gambling. Bitcoin anyway is already considered legal despite strong advice against using it from regulators.

As it is, the online gambling ban (other than state-owned) has been enforced for over a decade now. The fragile leadership will want to persist with its strong stance on crypto gambling. Expect some very public shows of success over the next few years. Examples will want to be made to the public.

First off, the thread title is misleading. Nothing about this incident is related to the reliability of the site.

The nature of giveaway competitions is such that all judges decisions are final. You've admitted already that your brothers sometimes play with the same IP, and this is already in violation of the "multiple account" rule. You should have cleared this off with the Mod before entering - and they would have most likely disqualified you from the contest. Playing with your brothers would have meant some form of collusion and given you an unfair advantage over others.

Most sites anyway cover single account as per person, per IP, per device, per household. If anything is in doubt, point 8 is the binding one: "We reserve the right to change this giveaway at any moment, and to exclude people from the giveaway if we feel we need to do so."

Don't be sad, be happy you've been given more opportunities to buy more coins before it roars on to another ATH past 5k! If there's anything we learnt from the past few months, it's that this is exactly the space that short-term traders are creating for themselves. Quick profits, buy in even larger positions at 5-10% less, and then even bigger scalpings in a matter of weeks.

I'm adjusting my own portfolio actually now that 5k almost became reality. Moving a teeny bit more into Bitcoin and shedding some of the alts becoming so hot now.

So content!

Yeah, I think the summer sell off isn't quite the same as today's. The former took a lot of people by surprise. Remember that people weren't used yet to Bitcoin above the old ATH for a very long time, and it wasn't meant to last. $2,500 was simply too irresistible for a lot of people.

Reaching 3, then 4k, set the expectations for 5k. So a lot of traders would have already made sell orders at 4,900 or 4,950 to take advantage of sustained pushes towards the 5k barrier.

It will definitely reach 5,000. Just a matter of when. My bet's on sooner rather than later (this year).

1% would be an amazing market share to capture, good to have such ambition. You already win hands down when it comes to spreads - and if you want to offer instant change like ShapeShift or Changelly at Kraken rates, you better expect the deluge of customers!

I did say that I'm throwing my support behind dexs, but I still see a lot of value in having a centralised exchange - if you could find a way to eliminate some of that centralised control issues, while maintaining some of the features polo and bittrex have (margin and lending among others), that could be another ingredient for success.

Re your comment about splitting 100 ETH into 100 separate txs... I don't think I understand what you mean. How would 100 txs into 100 unique addresses make my ETH any more secure? I'm still depositing to your exchange addresses?

It's getting more and more common now with crypto casinos. Just like provably fair mechanisms, it's becoming standard practice to practice transpareny by sharing the site's bankroll details. That way, people know they can wager and there's enough in the bank to honour their withdrawals should they win big payouts. If you're not willing to do this, then you're going to have a mountain to climb in terms of building a trustworthy reputation. Not that doing it also guarantees anything anyway... it's just a matter of establishing facts.

Especially when you've used this script... it has an unfortunate history of being associated with a lot of scam dice sites.

Now that you mentioned it, I've also been looking for boardgame style RPGs where you can pay to enter tournaments or bet on games against others. I'm talking about those old PC games like the historical simulation series by Kou Shibusawa (KOEI)... Uncharted Waters, Romance of the 3 Kingdoms, Liberty or Death etc. As far as I know, there aren't even monopoly or chess sites that accept Bitcoin bets. Niche industry waiting to be exploited people?

In fact, if anyone's a fan of these games and willing to try an online PvP, hit me up. It's turn based so you can take 1 minute or 1 week, doesn't matter.

Most exchanges charge a flat fee that does not really change with the price of Bitcoin, but the cost of transaction fees (in satoshi/byte) that will ensure your withdrawals get confirmed within a reasonable amount of time. I've seen that's about 0.001 BTC across the board and the only reason that's $5 now is because BTC price is almost $5,000. That also means the value of coin you receive is higher, so you're still the overall winner.

Of course it seems exorbitant if you're talking about a withdrawal of 0.002 BTC, which is why it is anyway always encouraged to lump your withdrawals together. You save yourself some fees, and help keep the network free from unnecessary multiple transactions. This is also true when managing spends from your own wallet. If you don't need it urgently, wait until you reach a higher threshold before sending them on.

Another trick? Exchange your BTC for an alt... LTC or even DOGE. You pay much less (although lose on the spread).

What a time to be involved in Bitcoin. I've noticed for several weeks now that it happens overnight either on Friday or Sunday when I'm asleep. As I'm in GMT+2 timezone, this means it happens during the far east Asian trading hours, so demand over there really is fueling this super nitro prices. What's incredible is that this is also usually the break for other markets such as forex. Crypto trading just doesn't know when to rest, does it?

Mental note to self: make it a point now to sell my coins on weekend midnights!

Totally with you here. I now recall on another thread someone pointing out the 3x deposit wager rules of one site, and a person with a FortuneJack sig thought it was okay. Now I understand why... FJ has a 5x wager requirement!

We need to home in this point: no site has the right to confiscate anyone's funds! Especially since this requirement is so unusually high, it should be printed clearly and legibly when new players deposit so they know what they're getting themselves into.

Yes, he broke the rules. Punish him for it. Levy an admin fee, that's fair for the inconvenience. But it's never right to take a person's money, not even if he was wrong.


Dear Natalie,

Advise you to revisit your casino's justifications and/or stance on two points:

1. You no longer allow withdrawals without 5x wagering because you pay all tx fees for your players? Are you saying that this is your method of covering transaction fees? Here's what's fair and correct: get players to pay their own tx fees.

2. Indeed, you do have a responsible gambling section that states: "At FortuneJack, we care about our customers...Due to our commitment and dedicated [sic] to every customer, FortuneJack takes steps to help players enjoy their hobby responsibly. If you are experiencing difficulties through playing with us, we urge you to get in touch with our customer support team to combat future issues."

From the conversation, I see no effort from FJ to do as it commits. It didn't take any steps or offer any support. I can't speak about the legitimacy of the claim, but I could see no effort made from your side to investigate. Instead, you offered one route: to close the account with funds on it.

Either you care, or you don't.

Had a quick look at your exchange. Personally, I'm looking far into 2018 and beyond, hoping that decentralised exchanges take off and we can somehow rely on them better. You mentioned transparency a few times and I think that will resound well with a lot of users frustrated with being kept in the dark about developments at the major exchanges.

My only advice to you is this. Keep a very close eye on your userbase. If it grows, and it surely will, if you perform, the demands on customer service and support will grow beyond the capacities of your Airbnb apartment and your skeleton crew. Invest early in customer support. Train them now, and keep on taking them on to maintain clients. I tell you what: people don't care much about anything else on exchanges. They'll even set aside high fees if you process payments quickly and respond efficiently to problems.

Simple tracking of customer enquiry resolutions will help you identify your needs. If you can keep tickets down to 12 hours or less, you're good. Once the window increases to 24 hours, you want to do something about it before it escalates out of hand.

What do you think contributes to the trading volume on exchanges? Of course plenty are raking in the profits - particularly those only selling bitcoins they've bought for the sole purpose of selling at a profit. They're the same people who buy back in when price inevitably drops, no matter how short that period may be. There's also miners who have to continuously sell off portions of coins to fund their operations.

Then there are those who are simply selling off tiny portions to realise profits, while holding on to their larger balances as BTC keeps rising. I think anyone owning more than 100 BTCs will have to find a way to cash out, whether diversifying out to other alts or slowly converting those to fiat.

It's the ones like me who maybe have something small that are holding out. Even then, we have bills to pay

That's how relativity works... when a guy who has hundreds of millions says cheap, he means relative to his wealth. Bitcoin was not "cheap" to practically 90% of the world even when it cost $50. But yes, I think if you're looking at crypto as a long term investment, you have to stop looking at the price. Set aside the money you want to invest, choose the project/coin you believe in after copious amount of research. Then forget about keeping an eye on the price. That all becomes irrelevant.

I'd be extremely surprised if people flock to them after knowing they lose 10% of the pot just for commissions. I've seen plenty of 5% cuts but none this big. Pretty absurd for what is essentially an escrow service. Take out transaction fees and you probably end up playing for about 88% of the pot.

If only there was a way for people to conduct the same concept of PvP "games of skill" with crypto, using smart contracts and trustless escrow systems to get close to 100% (minus tx fees) of the pot... Hmm...

Funny that it was the highest odds that made it in yesterday's picks! Sweden had a lot of bad luck, especially missing the penalty and then making the wrong subs in final 10 minutes. Simply no replacement for the Zlatan. And Greece... successful chokehold but Estonia surprisingly only managed a single shot all match, off target too. Plus bloody Klavan got himself a booking.

That's because those values are tied to fiat. However you want to fix it, as long as value changes, you'll always have that "problem". But people just need to get used to it. And we can see people getting used to it in the real world.

You'd really find living in some countries a nightmare, with values also tied to a currency other than its own. A movie ticket in Southeast Asia costs about $2 (I'm estimating the cheapest ticket) and pretty sure it is slightly higher in some African countries I've been to. They already involve a lot of zeroes with national currencies that have experienced gradual inflation over the decades.

Just did a quick search for movie tickets:
40-80,400 Vietnamese dong
30-40,000 Indonesian Rupiah
480-660 Kenyan shillings
400-1000 Pakistani rupees

Yes, all these currencies actually have smaller denominations that have fallen out of real world use... I lived in one country with hyperinflation and the zeroes kept piling up, week after week.But actually, people got used to it.

Alternative headline: Six of the biggest swindlers guilty of large-scale financial crimes join magic money creation project.

Looks like the banking cartels found an even better way to manipulate swap instruments. I'd love to try out their "dramatically enhanced payment experience"

Here are just some of their known activities:

UBS: 2008 onwards, tax evasion - billions
BNY Mellon: 2015 forex fraud lawsuit - $714 million settlement
Deutsche Bank: 2017, $10 billion Russian money laundering - only $630m fine
Barclays: 2017, serious fundraising fraud, $13 billion
Credit Suisse: 2014, tax evasion, fined $2.6billion, 2017 tax evasion, money laundering. across 55,000 accounts
HSBC: 2015, tax evasion, unspecified millions

But the world is fixated on ICOs and crypto securities...

I can understand where this naming convention may seem easy now. But if you start using bits or microbitcoins, you then have to learn that these are either abbreviated as bits or ubits, and not mbit, since that would mean a milibitcoin, or 1,000 bits. You see where I'm going here? I think it's actually harder for a newcomer to differentiate bits/microbitcoins/ubits from milibitcoins/mbits from... bitcoin. It's much easier to just use fractions, to learn that there are eight decimal points and that the smallest unit is a satoshi.

This is like how the Brits simplified farthings, ha-pennies, pennies, florins and crowns into just pounds and pence.

As you say also, bits are only effective if the value is stable... and it's not.

Without sharing your win percentage, base bet, etc. we've little way of knowing whether this run is to be expected or if you've somehow managed to survive variance longer than most. All the same, you've made profit with your system on <200,000 bets. You know of course a lot of strategy gamblers using bots do millions in a day. What's happening to you now is called luck. Variance works both ways. Continue keeping that system running long enough... it will swing the other way and you'll bust. That eventuality is guaranteed.

The only one who can profit from a system that runs up millions of wagers is your referrer, so he's the real winner