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2101  Economy / Gambling / Re: Are you a gambler? STAY AWAY FROM COINBASE! on: August 26, 2014, 12:15:46 AM
As people always say, "if you don't have the private key, you don't have the bitcoin".
Coinbase may be a good place to buy and sell bitcoin if you are in the US, but it is never a good place to store your bitcoin.

Ok but you can't buy and sell if your account has been closed down.  As we don't know their procedures we don't know what precautions we need to take.  That is, is sending coins from a gambling site to a wallet to cb good enough?

My last transfer from a gambling site to cb was in April and sold some to cb in May and the rest 2 weeks ago.  I haven't sent from cb in over a year.

coinbase was my first wallet too, and i decided to move my bitcoins to my multibit account, however i miss the feature that coinbase had which made a new address for every transaction, do you guys know and desktop wallets that does that because i cant seem to get it working with multibit.

Bitcoin core.

I would recommend Electrum.  No downloading the blockchain and no reason to back up anything ever.  Just save your seed in a secure location(s) and as I say it doesn't matter if your computer falls in a vat of acid.  You can also have multiple wallets. 
2102  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 25, 2014, 11:38:18 PM
You made me look at the Dark charts.  It hit a low of 2.4 mBTC a week ago as I was leaving for a few days away.  XMR also hit a monthly low around the same time and I couldn't help but buy a bit more.

I have no idea where XMR is going for the short term, only the long term. 

Although some Dark money might be going to XMR now there are several other places for it to go.  Flavor of the moment.  Eventually a good portion will end up in XMR.
2103  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 25, 2014, 07:27:47 AM
How many dumpers are left after a nine month bear market? I don't know except that there are less than there were yesterday and far less than last month. at some point, the trend will reverse and it's possible that it already happened. I don't know and this isn't a recommendation, but the longer we go sideways, the more bullish I get.

I am only quoting this post because it is the last of a series of 9 that you posted today/yesterday.  The first was wonderful.  They were shining nuggets in this mountain of a thread.  Thank you.

Ok here is the first one.

These are the times that try a Bitcoiner's soul. Every time this happens--on average once a year--I get amazed at how painful it is.  This is the kind of market that separates the men from the boys. I've been monkey-hammered in trade after trade, so I forget that I'm still up over %10,000 in fiat terms from my original investment. Bad things seem to happen all at once, and my personal life and net worth get crushed simultaneously and every time I have to slowly claw my way back. Many of you are in a similar situation. Take heart. We are making history.  If this trip throws your life out of balance, then take a break. we'll still be here when you get back.  I was up to two cartons of cigarettes a week and letting my life go to shit. That means I care too much to make objective decisions.

I'm still bullish long term, but I just don't what's going to happen next. I just know that I'm either going to make a lot of money or I'm going to learn something. I can live with that.

Also.....

<snip>
Life is far from fair, but everyone reading this at least has an internet connection so you should probably be happy life is unfair. You are likely a beneficiary of that unfairness if you look at the big picture.

Happy Thanksgiving
2104  Bitcoin / Bitcoin Discussion / Re: Why There Should Be A Bitcoin Central Bank on: August 25, 2014, 02:56:54 AM
So Forbes Grin says we need a "central" Huh btc bank with "fractional reserve" Shocked banking. Tongue

That's it I'm in Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes
2105  Bitcoin / Bitcoin Discussion / Re: Which Bitcoin Client do you use and why ? on: August 25, 2014, 02:47:56 AM
The reports I heard of aren't about sending btc to a gambling site but CB not accepting btc from a gambling site.  If you receive it they say remove it and please don't use our service,

CB is in the US and has always tried to comply with regulations in a way that keeps them out of trouble.  They must have recently changed their KYC rules as I had to give them additional personal info that they didn't require about 2 months ago.

My gambling transactions will not be going directly to CB anymore so no feedback will be forthcoming from me.

My present CB balance is 0.  All my btc is under my control.
2106  Economy / Gambling / Re: SealsWithClubs.eu | Largest Bitcoin Poker Site | No Banking | Fast Cashouts on: August 24, 2014, 04:38:35 PM
I used to get disconnected all the time but it hasn't happened once since I changed from XP to 8.1 four months ago.
2107  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 24, 2014, 04:35:03 PM
Ok let's get some speculation going.
Black market is a $650 Billion market and if Monero take 1% of that market in the future,  price would have to be atleast 400 USD per coin.
Source: http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html
According to these figures http://www.havocscope.com/products/ranking/ , it's actually even bigger. Around 1.8 trillion USD.

I guess it depends how you count it.

In the first link they have btc as 0.375% of the bm so monero would need to be 3x higher for 1%.

In the second link the value of arms trafficking is the same as either counterfeit watches or fake diplomas and degrees. Huh Huh Huh
2108  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: August 24, 2014, 03:19:30 AM
Agree we need pics
too much identifying  info already.

Yes, your name spells either XMR or Monero (if you use the o twice).


Back on topic, a question from the cadmium induced drooling masses.  For the update, all I need to do is download it and it will replace the files that need to be replaced automatically with nothing else needed to be done on our part?
2109  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: August 24, 2014, 12:38:47 AM
Quote
i bought a delectable painting for 2000 xmr.

No doubt the painting was very tasteful, but this is not a good use of art.  Are acrylics even digestible?

They seemed to be when I was a kid.  The yellow tasted nasty.  I wonder if it had cadmium in it.  Maybe that explains some things about me.
2110  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 24, 2014, 12:24:01 AM

Do we want to a) call this "trolling / FUD", and b) removed it from the thread?

It is trolling / FUD, Bitcoin is the pseudo-anonymous coin, start removing it now or it'll turn into caos like before
delete his comment too pls, its offtopic.

In other words, you want this thread to be one big group of investors patting each other on the back for investing in the bestest coin ever.

I seriously hope that's not the opinion of the thread starter, and I hope you realize that you're running the risk of causing real damage to the perception of the XMR community if you want to censor critical questions and remarks by "outsiders".

Yes, fuck off if you want to troll with BS, come with facts and data or GTFO.

Nekomata did someone hijack your account?

oda.krell is one of the very few good posters in the btc speculation thread.

I didn't go back and read Wachtwoord's posts but I do remember them as being unreasonable criticisms especially considering the answers he was given.  It was as if he was defending btc which I assume is all he is invested in.  I find it strange if indeed he felt the need to defend btc.
2111  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: August 23, 2014, 09:05:10 PM
Wouldn't an order of magnitude increase in fees effect all the 0.1 XMR payments from the mining pools?
2112  Economy / Gambling / Re: BetcoinPoker.com-1,500 BTC ($1,000,000) GTD Tourney-330 BTC ($200,000) to Winner on: August 23, 2014, 07:02:17 PM
The deposit bonus used to clear in 20 chip increments.  Has this changed?

In "My Wallet" it indicates "Bonus money Freed" and "Bonus money Total" but doesn't indicate Bonus money paid.

it never did release by 20 chips, and  they could never tell me how i got my bonus when i asked them so i had to watch and im pretty sure it release by 2 chips and sometimes it takes awhile to hit the cashier

Thanks.  Don't know where I got the extra zero from.
2113  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 23, 2014, 03:51:53 PM
On June 24 the block reward was 16 and today it is ~14.6 which is a 9% decrease in 2 months.  

At what point will the decreasing emissions have a significant effect on price?  
2114  Bitcoin / Bitcoin Discussion / Re: First bitcoin ATM opens for business in Manhattan on: August 23, 2014, 03:20:58 PM
First bitcoin ATM opens for business in Manhattan
http://nypost.com/2014/08/21/nycs-first-bitcoin-atm-to-open-for-business/



I looked at the article and they state that the fee is less than 10%  Grin Grin Grin Grin Grin Grin

I also followed the btc link at the bottom of the article and found this which is part of a series of such writings by this idiot who works for one of the worst "newspapers" around.  I din't bother looking at the several other columns written by him saying similar things.

http://nypost.com/2014/08/03/dear-john-i-wont-budge-on-bit-cons/


"Bitcoins are nothing more than digital dung unless everyone believes. And, like it or not, I don’t. This is the latest scam to separate people from their hard-earned money.
"
2115  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 23, 2014, 01:32:06 AM
I have been away without internet access for 4 days.  I see not much has changed with the price or the posting.  Have you guys figured out this bitcoin thing yet? 
2116  Economy / Gambling / Re: SealsWithClubs.eu | Largest Bitcoin Poker Site | No Banking | Fast Cashouts on: August 22, 2014, 09:41:09 PM

Whoa, coinbase is joing the USA federales in trying to oppress gambling?  What's up with that? 

Their site, their ToS, their rules.

While this news is sad to me, it's not something to complain about IMO.  there exist many other ways to buy and sell btc for fiat, and while they were becoming popular, Coinbase or any one method of exchange restricting gambling should not rustle the feathers too badly.

While I can't help but ponder what Coinbase considers "gambling" or how easy it would be to mask what you are doing with your bitcoin, I would not try to deceive them & their ToS, as it seems that would put funds at risk. 

An every-changing landscape no doubt, Bitcoin ATMs & Mycellium local feature are likely the big winner in this.

I wouldn't doubt that Coinbase just put that rule in place so they could lock people's accounts to gain more Bitcoin. It probably has more to do with making money than it has to do with actually gambling with Bitcoins.


Coinbase has always said they try to comply with regulations.  When I logged on a month ago to cashout Seals chips that I had previously sent, I had to fill out some additional personal info.  I don't recall exactly what but I believe it was my address.  I have no idea what they wanted when I opened my account last year.

There is a federal law on the books prohibiting financial institutions from sending money to unregulated gambling sites.  It says nothing about receiving money from gambling sites but banks will hassle you about that sometimes.  Also the law doesn't state what it considers gambling and leaves it up to the financial institution to determine.  This results in them being overly cautious as they don't know where the line is.   



You should make the blinds higher in tournaments. It's really hard to get a decent sized pot going the first 15-30 minutes because the blinds are like 166th of your stack.

166th? Are you sure?  1500 starting stack and blinds start at 10-20.  So the blinds = 30 = 50th of your stack to start.  If you are talking only bb then after 10 minutes the bb =30 so then it's a 50th of your stack.  But you did say blinds so after 10 min = a 33rd of your stack.  That is for normal trny and deep stack you double it and still not 166th stack.



In the higher dollar buy-ins like the 100 chip and 50 chip buy-in they start out at 166th of your stack. I feel like I'm just wasting my time the first part of the tournament because you can't bet without someone knowing you have a good hand.

Very unusual to have someone want bigger blinds vs lower blinds!  I agree play a turbo.  The slower the structure the more skill vs luck there is, in general. Smiley

I don't think it has anything to do with skill vs. luck I've just noticed that in the first little bit of the tournament people's stacks are still almost the same, unless you get someone who doubles there stack from someone going all in. I'd rather have the blinds start out at 1/50 of your stack, when you play a lot of the tournaments every day it sucks having to sit through the first little bit of the tournament where almost nothing happens.

You could do what the idiot Hellmuth does and show up late Grin Grin
2117  Economy / Gambling / Re: BetcoinPoker.com-1,500 BTC ($1,000,000) GTD Tourney-330 BTC ($200,000) to Winner on: August 22, 2014, 09:20:55 PM
The deposit bonus used to clear in 20 chip increments.  Has this changed?

In "My Wallet" it indicates "Bonus money Freed" and "Bonus money Total" but doesn't indicate Bonus money paid.
2118  Economy / Gambling / Re: SealsWithClubs.eu | Largest Bitcoin Poker Site | No Banking | Fast Cashouts on: August 22, 2014, 05:58:14 AM
You should make the blinds higher in tournaments. It's really hard to get a decent sized pot going the first 15-30 minutes because the blinds are like 166th of your stack.

166th? Are you sure?  1500 starting stack and blinds start at 10-20.  So the blinds = 30 = 50th of your stack to start.  If you are talking only bb then after 10 minutes the bb =30 so then it's a 50th of your stack.  But you did say blinds so after 10 min = a 33rd of your stack.  That is for normal trny and deep stack you double it and still not 166th stack.

2119  Economy / Gambling / Re: SealsWithClubs.eu | Largest Bitcoin Poker Site | No Banking | Fast Cashouts on: August 22, 2014, 03:42:16 AM
I'm glad I could bring a little humor to your day.

As not to clutter this thread with off topic I have sent you a PM.

2120  Economy / Gambling / Re: BetcoinPoker.com-1,500 BTC ($1,000,000) GTD Tourney-330 BTC ($200,000) to Winner on: August 22, 2014, 01:09:26 AM
I have been away for a few days.  I just opened Betcoin and the client updated.  After trying to signon my browser opened, https,  and betcoin is asking me to change my password.  Is this something new and why?
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