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In overall, some countries don't set taxes on bitcoin and argument is following (I asked this question to one person who works in Ministry of Finance): We don't admit bitcoin as a currency cause it's basically a file and during mining, mining equipments solve complex computational math problems.
Idk if this sounds curious for you but another proposal was that let people earn some money without taxes, country in this case is - Georgia.
Personally I am against how governments set taxes on everything. Reality is following:
1. Company is registered and does some job = paying taxes. (100$) (rate 20%)
2. I get salary = paying taxes. (80$) (rate 20%)
3. I buy something from store = paying taxes. (price + 20%)
Triple taxation here. And sometimes you have to pay fee again when you sell something that you bought (3rd taxes from example + 4th taxes).
How fair is it? Taxes should be done on one thing, for example on my salary and once it's taxed, then I don't have to pay additional taxes on products from supermarket and etc, cause finally what's left is given above.
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Hard to say as this is now the first time we're going to see if Bitcoin's theoretical hedging function works in practice.
Unlike gold it's not really seen as a stable alternative yet but this perception is likely to change after 2020 -- for better or worse. This will largely depend on how much Bitcoin's price movements will correlate with the rest of the classical market. I'm not sure if you currently can make a strong case for either. On the one hand Bitcoin dropped more or less in sync with the stock market, on the other hand it seems to have recovered much faster.
Regardless of that -- with fiat currencies inevitably devaluating more than usual over the next few years due to governments stimulating their economies with monetary injections I do believe having a position in Bitcoin might be smarter than having none.
Gold isn't stable too at some point, I don't directly mean price but what may happen around it, Crispin Odey said that governments may make private gold ownership illegal, so... Not good. Still curious, how are going to control it, but without doubt, it will affect gold's price. Executive Order 6102 caused rise in price but still who knows what may happen? May history repeat? On another hand, as for now, bitcoin is doing well and it showed that there is light in it during such moments. Also + to this, bitcoin is part of modern technologies and innovative products and it always happens that finally, people follow innovations. Demand on BTC and blockchain technologies always rises and for a lot of people, blockchain is associated with bitcoin and opposite. When something fails, people are always looking for alternative ways to escape. What healthy and wealthy alternative do we have? Bitcoin! |
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To be fair, I had the same question cause this game looks like a mixture of coin flip and Hi-Lo too.
There is 10-sided dice that has a form of pentagonal trapezohedron, so there are numbers from 0-9. When you play dice, you'll see that numbers are like:00.00 up to 99.99. So in this case imagine like you roll dice twice: 1. Rolled dice and got 3 and 4 (got 34.**) and then rolled another dice and got 7 and 3, so finally we got 34.73 by rolling dice twice.
I think this is the most appropriate explanation on question, why those games are called dice.
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1. It would be nice to add a "Report" button in the page where all the posts / topics of an user are displayed
If in overall user looks spammy, I guess reporting of the profile is better deal rather than torturing of moderators. And if user has just few spammy posts, then I guess it won't take much work to follow those posts and report from threads. 2. The reporting process is identified as posting and it follows the posting rules
That's done in order to get rid of excessive meaningless reports. In idea, they give this limit to make sure that you read those posts and report them after having some logical analyze and reasons. 3. More mods are needed for analyzing the reported posts
They handle their job pretty well, from my own experience, reported posts are getting deleted very often. The only other improvements that can be done in this job can be the following: To have some reporting ranks where the number of reports and accuracy matters, for example: Reports under 1000 - Level 0 I reported 1000 post and have 92% accuracy - I'm on level 1 (my reports are more privileged than those under level 1). I reported 2000 post and have 92% accuracy - I'm on level 2 (my reports are more privileged than those under level 2, so at first modern sees - Level 2 > Level 1 > Leve 0 reports. At some point, this can help moders to relief their work. The idea of this is that higher the reporter's rank, the more sure moders will be to delete those posts and don't do excessive analyze of it. |
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stompix
At some point I don't really like that news but on another hand, it's a good lesson for some people - don't hold your money on exchanges. This exchange, roughly, tells you that.
But on another hand, one idea came to my mind after seeing this thread.
We all know that a lot of bitcoins are lost and losing very often. It would be nice to have a network where people with inactive accounts would lose coins and then they would become miserable. For example, imagine: User A has 10 bitcoin and lost his wallet, this coins are lost forever, but... Every year 1/5 of the original amount (that is calculated by what was the amount after 364 days inactivity) cuts, e.i. 2 bitcoin has been cut. Next year, we would have 2/5 of original amount cut if wallet is still inactive and no one has made any transaction via it and finally after 5 year, this wallet is left without coins and these 10 bitcoins are reminded by miners.
Idk, maybe someone already had this idea but still just writing.
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After I read from a number of trusted sources and it turns out I get information, if the total number of bitcoins in circulation is 21,000,000. but if demand continues to increase, this number will be added again.
and the My question is very simple ...
Who will increase the amount of bitcoin, if then the demand increases ??
Did they Is make this bitcoin, actually ??
In this situation, demand increase ≠ supply increase. In this situation demand increase = value increase because we have limited supply. When there is limited supply but demand rises, you can't just split it, instead, you increase its price and this thing becomes more valuable. When the thing is valuable, it's pieces have much more value too. So, as a result, if 0.00000001 worths 0.000094 USD right now, it may be worth 0.094 if demand increases 1000x and this number will go so on. Of course, this isn't accurate calculation cause I wrote it just for example and no one knows what will happen to USD or btc and in overall how bitcoin will be able to handle even 10x more demand. |
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Altcoins are the solution here.
At this point you should introduce the possibility to "exchange" coins directly in your site, even at a certain rate it could be an  #ideaforblackjack.fun That's a huge job since they will be an exchanger for that thing but its good addition since the site user will not find any platform to exchange their winnings to various of alts, but I don't think they will implement this since I don't know if there's a site made this by now or maybe I just missed them. Oh no, definitely there are casinos that have built-in exchange and it isn't something new. Having an exchanger on your website isn't that difficult and is far different from exchanges like binance. Internal exchanges are much easier in casinos and for example see Bitsler, they have 22 coin and it's possible to exchange any of them without going on another websites. Also, primedice team has a different variation of exchange that seems very interesting and functional too. There, you can exchange and send/receive funds from different casinos immediately without paying any additional fee, check if interested. Also, I remember FortuneJack had an exchange on their website but for some reason, they removed it (idk why). |
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This is fairly common from time to time. Honestly there are times when people bet 0.10 BTC all day long and got like 50-100 BTC in losses and don't seem to mind it. Sure its alot of money but most likely this was some early adopter who might of mined BTC with their CPU back in 2009.
Remember a few days back when that dormant 50 BTC transaction took place? That guy signed about 150 other addresses he owned with 50BTC so >$50,000,000 or so. Probably could have more funds in other accounts.
Hence for someone with $50,000,000 of net worth, gambling away $50K is nothing. Its no different from a small gambler to gamble $200 and either win $200 or lose $200.
It is still a lot of money, even if you are a rich person that owns that much money. Just because you can afford it doesn't suddenly make it cheap. If Jeff Bezos plays with 0.1 bitcoin per bet and loses 100k at the end, that is still a lot of money. The exact reason is, gambling is more like fun thing, if you are super rich and don't mind losing 50k or 100k, that means you are not doing it for the money, but you are doing it for fun. Especially when you are super rich your life becomes very stressful since how you made that money also causes you stress. So, having a relax time gambling looks like the main reason for them. However for 100k, you could have so much more fun somewhere else, it all depends on what you like to do but 100k opens a lot of doors and honestly I would rather do something else to relax and have fun instead of gambling for that much money. Personal differences of course, that is just me. So, answer lies in your post. A lot is a little bit complex definition. If you have 100$, then 10$ may be a lot for you (10% of total budget) but if you have 100 000, then 10$ may be nothing for you (0.01% of your budget). Another important factor there is how you have earned money. When money suddenly comes out of thin air (lottery wins, thousands of bitcoins mined in past and etc), then it's much easier to spend like nothing. That's why some people easily lose tens of bitcoins and even more easily. Also if you are super-rich, you can even buy casino too and gamble with your money the way you wish + get them back  jamyrOnce I had the same question about live statistics of wagering contest too and despite the fact that support was a little bit confused (maybe he/she was new), they didn't forget my question and the next day I got a detailed answer on everything. rammy2k2Bitsler rocks as usual. |
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Hello all,
Cryptocurrency is becoming legal in my country. The government will make some laws to regulate the crypto in my country in September (god knows what).
Is anyone here that can give me any businesses idea? Or our gold time will be over after that?
Thanks!!
I don't know where you live but you have to do some research around it. If you are from a small country, then it's far better for these purposes. In overall, analyze how is the demand on crypto in your country and what were people requesting/posting on forums in this category. Are there FB pages of crypto in your country? If yes, then check them and analyze given data that includes comments, answers and more. In any way, if there are zero crypto business in your country, the best option is to create crypto exchange website but you may need a lot of money for this that includes creating secure currency exchange script, hiring a team of developers (or founding team) to improve your script, fix bugs and develop more features. Exchange is the best option if you are capable of doing it. Otherwise, it will be better to post how much budget you have and what you are capable of... It's very hard to give advice without this kind of information. |
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Hello every one, I'm going to setup a new store for t-shirt focusing mainly on Bitcoin. Will like to ask, did you ever buy some Bitcoin themed t-shirts? And if possible where? And what do you like most in a t-shirt?
I hugely doubt people will buy Bitcoin T-shirts and wear them in the streets. LeGaulois said correctly, just t-shirt with bitcoin logo won't be popular but on another hand, T-shirts with I ❤ NY and Supreme T-shirts were very popular and behind them, there is great marketing that requires a lot of money and believe me, it doesn't worth for bitcoin t-shirts. I think it worths for you to check these articles: Why is Supreme so popular and this one - Some information about I love NY. Also, bitcoin shirt, crypto fashion and related keywords have very low search volume in google (in USA and UK definitely) while competition is pretty high because of Amazon, Aliexpress and others. You won't find any commercial success here, I remember user Condoras was seriously taking this job, to make crypto themed puzzles but as far as I know, it failed (check thread if interested). |
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I was thinking the same at some point but I realized that it won't happen. A lot of things affect bitcoin's price. Everytime there are some rumors, it had immediatr affect on people and as a result we get rise or fall in price. Also quite often there are a lot of hot news around it: Binance wants to buy coinmarketcap, particular exchange stopped withdrawal for a while, china plans to ban mining, transaction fees have increased and network is in stuck, cloud mining website was hacked and they took billions, there is upcoming bitcoin fork and etc, don't wanna make this list very boring.
As you see, each of similar news has huge impact on bitcoin's price and surprises happen very often. On another hand there are people who hate stablecoins and don't support them. Also bitcoin's unstable price is what attracts a lot of traders and so on.
So I don't think stable Bitcoin will ever happen.
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Very interesting article today in Marca: ''Barcelona's players feel under threat''. Due to the current financial situation in Barcelona and falling revenues due to the corona virus, a large number of Barcelona players will be sold this summer. It is unclear who is leaving and who is coming and the players are very nervous about it. Source: https://www.marca.com/en/football/barcelona/2020/05/23/5ec8ec50268e3ec21d8b458d.htmlMy heartrate went downto normal when I read that: Only Marc-Andre ter Stegen, Gerard Pique, Frenkie de Jong, Antoine Griezmann, Lionel Messi and Ansu Fatu can be sure that their future lies at Barcelona next season. Without doubt, N1 player who will be left in barcelona, of course, would be Lionel Messi. Then Antoine Griezmann, Pique and Ter Stegen. FC Barcelona is my favourite club, I love that Barcelona is more than just a club. Hope Jordi Alba won't be transferred into another team, I love this player too. Btw to be fair, I miss old good days where we had a chance to view Chavi, Iniesta, Puyol and others, just good old memories. Btw usually I don't have enough time to watch live football matches and especially FC Barcelona matches so I am a little bit sad that I am missing a moments to see how amazing Messi is and how his dribbling skills conquers the world. |
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~snip~
Some may think that printing money is an internal matter of the US, which is partly true - but since the US economy is not something that can be separated from the world economy, the whole world is likely to feel the consequences of such actions. But the US is not an isolated example of such a policy, similar things are happening in the UK and the EU, although the amounts are much smaller, and citizens do not receive stimulus checks to their home addresses. The most curious thing is that despite the fact that US is printing money like they breath air, it's value is gaining more and more strenght in some countries, paradox, right? It is obvious that there are those who advocate this model of financing and those who are against it, but I think at least two things matter throughout the story : The first is that it is easiest to follow the line of least resistance (in this case printing money), and the second is that politicians are only politicians and not experts, so we cannot expect smart moves on their part. What they are doing today is likely to have consequences for future generations, but I think they can live with it - after all, no one lives forever and only history can judge them for their mistakes. I wouldn't call politicians to these rundom people. Everyone who states silly statmenets, calls politicians to themselves. For me, politicians were Ronald Reagan, Abraham Lincoln, Winston Churchill and similar figures. And we don't have economic experts or in overall experts in different fields, if you call youself an expert, then you mustn't be a minister of economics that's falling. Cryptocurrency as Bitcoin can hardly become a solution on a global scale, such an idea does not fit into the current world order, and it would be foolish to expect any change in the near future on this issue. The world will continue to live by the old rules until the current system collapses completely, and then it is possible that a new, better and fairer system will emerge.
That's a question of time, when will current system collapse? Because technics and etc are going all against it. They analize our behaviors, what we buy and when, where we go, what's our basic health conditions (by fitness trackers) and so on. |
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primedice and stake have the same owner? just curious.  Once upon a time that was a question of the century but couldn't imagine if someone would ask this again. Yeah, stake and primedice have the same owner and there is a big story behind it. Both of these websites share game dice but the reason why primedice is standing dedicated is that this is one of the first bitcoin dice game that was created and because of this website's story and it's ancient feelings it activates, they decided to leave this website on it's own and create another one, called Stake.com (yeah, nice and expensive domain) and make Stake crypto casino while keeping primedice dedicated by running dice only. |
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What do you even answer when someone asks "can I make money mining bitcoin?" I mean the answer for me is a clear "maybe". There's just too much things to consider imo, electricity costs, initial investment, maintenance (not very much but still has to be factored in), I guess what I want to ask is for some insight from someone that mines bitcoin, is there any bitcoin mining who can shed some light what is needed to make even marginal profit off of bitcoin mining assuming you don't live in places like China or Venezuela where electricity is cheap?
I ask just so that I can be prepared when I get asked this again, I keep hearing it and I hate it that I'm not prepared enough in this side of bitcoin as I've never personally mined crypto.
Sorry if I sound rude but that's really a silly question that someone can hear. What does it mean "Can I make money by mining bitcoin"? There are a lot of factors, it's not a thing where you can give a direct answer. Everything depends on electricity fees, current and upcoming price of bitcoin, price of mining equipment, quality of mining equipment, what kind of innovative ideas you have to cool your mining rigs, will difficulty rise or fall? And this list goes on and on. But in overall, you can't make much money without owning a lot of equipments. Mining isn't as profitable as it was back in 2017. |
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hi i want to do a game that people play against each other by btc the question is it call gambling ? Should i have a gambling licese to run this kind of games? Im planning to do 1vs1 games for mbtc.. thanks for the help
Don't get wrong with me but if you still don't know whether you need license or not to run casino, then, sorry but this isn't your niche. Btw what kind of game do you plan to create? Do you have that much knowledge to do this alone or do you have a team of developers? Just buying script online and then running a website isn't a business. Definitely you need a gambling license to run this kind of games. On another hand owning a license makes you a little bit serious among users (no one wants to play on not licensed casino because of dangers that are associated with scams and etc. |
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It's very hard to predict right now because situation is very different from what we were expecting in this world. I mean that no one though if there was covid, capable of causing lockdown in countries. So if someone was predicting in winter or earlier that bitcoin would go this or that way, means nothing now. There isn't full image of economic crisis that we may feel in near future so it depends on people's mind, there is two way: people may sell bitcoin to get money for their daily needs or people will only trust bitcoin and some other cryptocurrencies and invest in it like a sight of starlight.
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Not sure where to post this but if my future service has an affiliate program this is ok to do a signature campaign with in this forum right?
Signature campaigns put themselves affiliate link to track how many visitors from bitcointalk register on their website and what kind of activity they do (in most cases casinos do these kind of things along with bitly links). Also some signature campaigns let you to edit their signature and include your affiliate link while still getting paid and on another hand, there are some promotions in games and rounds where you put signature with your affiliate link and take part in their promotions. OP I showed you a lot of examples, so don't worry. |
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Meanwhile in blackjack.fun... This week has been allot of winners. Congratulations for all of you! The top 10 biggest winners in last 7 days: 1st 1.31 BTC
2nd 0.54 BTC
3rd 0.31 BTC
4th 0.197 BTC
5th 0.189 BTC
6th 0.089 DASH
7th 10.6 Dash
8th 11 LTC
9th 0.051 BTC
10th 0.046 BTCAs some of you requested, we are planning to raise a maximum bet limit to 0.5 btc. Kind regards, Blackjack.funGood job, seems your website is becoming popular and like that people take part in competitions and are becoming active. Btw I have some ideas and think it will be good to implement but hard, yeah, I know. What about to create blackjack rooms? Where people will be able to play 7 against 1 (dealer). There will be rooms with different min/max bets and with different promotions. Some of them may have sidebet options and some of them - not. It will be better to become as close to live casinos as possible. A lot of people already know advantages of provably fair system and I guess it will turn into advantage for your blackjack too. |
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