A great article. I also really like image accompanying the article  The "IN NO ONE WE TRUST" in negative space is very clever. Reminds us of the dollar ("In God we trust") but emphasizes the differences. With bitcoin you don't need to trust anyone to know that the bitcoin you receive is good - no counterfeit bitcoins, no central banker to inflate your savings to zero purchasing power, no third party that can arbitrarily stop your transaction, no bureaucrats that can decide to seize your money to bail out others. No trust necessary, just math based rules. |
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Not new but I didn't touch Bitcoin for about a year so yeah I didn't think the blockchain would have grown so much
15000 blocks remaining so it shouldn't be too long now
Thanks for the info about blockchain.info btw
What version of Bitcoin-Qt/bitcoind are you using? latest 0.8.1 is much faster than 0.7 or lower. |
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Paddy Power always offers novelty bets like this but never lets any large stakes on them. It is just a publicity stunt to get some press. Even if they lose some money the press more than makes up for it.
Would be cool if they accepted bitcoins for betting on their site. That could probably drive price above $100 pretty quick.
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http://theumlaut.com/2013/03/20/the-war-on-bitcoin-and-anonymity/Article on the recent FinCEN announcement and bitcoin. If there is any silver lining in an era in which the government is so paranoid that it feels it must stamp out financial anonymity online, it is that it is unlikely to completely succeed. There may be a few exchanges and mixers that register and report as FinCEN requires. But it seems improbable that the US and its allies are willing to engage in the blatantly repressive behavior necessary to ensure full compliance. Nevertheless, it is regrettable that FinCEN has designs on Bitcoin. It is yet another reason that the Wars on Drugs and Terror cannot end soon enough.
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Oi, how'd you get that bar across the top?
I guess it's related to http://blockchain.info/tags - but I don't see how he got all that information there, when there seems to be a 30 character limit. Yep, it got automatically added to my address. Not sure about the limits though. I think Puik must have scrapped the forum signatures for bitcoin addresses and added the text to the tags. I've seen other addresses like that on blockchain.info. |
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And this will consolidate my BTC and turn my "dust" into good a single lump of BTC? What can go wrong if anything?
Maybe some loss of privacy if you are paranoid about that type of thing. |
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I think I'll keep posting the graphs for free at the moment. It's not much work (for me - the laptop always complains, spinning its fan extra fast for half an hour as it loads up the blockchain) to generate the report. It takes me maybe 5 or 10 minutes each day.
you could even experiment with something simple like post the daily graphs as a pdf or something to CoinDL and see how many would pay a small fee. And maybe post a delayed weekly graph for free on this forum. |
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If you are using Instawallet then as far as I know they run a shared wallet, so you can't check your funds on the blockchain.
You access your Instawallet through a unique URL that only you should know. Anyone knowing the URL can take the bitcoins.
Also I advise you not to keep that amount of money in a hosted wallet.
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How about X01? (01 for bits)
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While we're asking for new charts.
Would it be feasible to have a Bitcoin Days Destroyed (Filtered By Min Age X) - where X is user defined? even by changing the query in the address bar if you don't want to add another link. Or if not perhaps add a filter for 2 years, 3 years? Interested to see if older coins are moving. The chart Hazek is asking for will also be useful for this.
Another possibly interesting statistic would be oldest coins moved per day. Maybe interesting, maybe not but would be curious to see.
thanks
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rGwumsyKgkRTHq387mJhWUm1HHoffmRd2L
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Maybe they use it as a loss leader to promote their other services. Probably it is quite a cheap and effective way of marketing.
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Thanks for the data for the previous days.
Today's page views showing over 960k already. Doesn't seem real. Do you know what's up?
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Still: I just...I have no facts to support it, ....
no facts to support his opinion seems about right |
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I'll point out that you are the second guy in a hat & mask, who promises to make everyone super rich
evoorhees real world identity is well known That's what they said about the 1st guy too. A dozen of his disciples even sat down to eat with him in Vegas. True. Just seemed to me that EskimoBob was trying to imply that Erik was hiding his identity. Of course knowing who evoorhees is and being able to do anything about it if something goes wrong with SDice are two different things. Don't get me wrong, I probably think SDice shares are far more risky than most and that's why I wouldn't buy them at the current price. |
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With Blockchain.info growing at about 1.5% per day? The rate of Bitcoin adoption is getting faster because of network effects. It is on an exponential adoption curve. Looks at Facebook, Evernote, Paypalor Dropbox usage for similarities. Imagine SD revenue with 3m Blockchain.info users which is realistic by slightly increasing current growth rates in 12-18 months.
SDice revenue is not guaranteed to rise with more Bitcoin users. With 3m Blockchain.info users bitcoin price in USD would surely be higher but because of the fixed number of bitcoins (I know total bitcoin supply still increasing but my general point still holds) then Bitcoin revenue might not increase. revenue (ignoring the luck element) can only increase if the amount of bitcoins gambled on SDice increases. So there may be 30x the number of Bitcoin users but on average they'd have 30x less Bitcoins so the average gambled on SDice per player may also reduce by 30x. If Bitcoin revenue/profit doesn't increase then the Bitcoin denominated share price should also not increase. Of course that share price will be worth a lot more in terms of USD. Another thing to maybe think about is that part of SDice's popularity is the relative lack of alternatives for things to spend Bitcoins on. With a 3m userbase, Bitcoin will be far more attractive to other developers and entrepreneurs and I can imagine there will be many more alternative ways to spend your bitcoin thus more competition for SDice. |
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Few pages back, evoorhees "accused" me of spreading FUD. No, evoorhees, if I wanted to spread FUD, I'll point out that you are the second guy in a hat & mask, who promises to make everyone super rich. But, lets forget that BS for now.  evoorhees real world identity is well known, he's hardly trying to hide behind a hat and a mask if that's what you are trying to suggest. And where did he promise to make anyone rich? The SDice profit business model is easy to understand unlike many other so called investments and it is up to each individual to access the risks for themselves. |
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Erik, do you have any insights into who the whales are? Do you think they are an early adopter with a large bitcoin stash or are they gamblers buying bitcoins to play SatoshiDice?
(I don't subscribe to the conspiracy theory btw that the recent betting volumes are a ploy to increase the share price in case anyone thinks I'm implying that)
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I have a feature request. Could you please be slightly more verbose about all the charts? Could you please add a chart that shows the count of addresses that actually hold coins? I will add this chart and the one suggested previously at the weekend. Would it be possible to have a similar chart but only count the number of addresses that hold a balance above a certain threshold (e.g. only count addresses with 1 btc or more). If the threshold was user configurable that would be perfect. |
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