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Quite difficult to tell you the downsides if you're not sharing which company it is, but if it's not a scam this would be an amazing bargain indeed.
I would try and see if you can find someone online who has also purchased services from this company, look for some legitimate reviews if possible.
Do you have any idea how they get their power? Perhaps it's possible to charge that little if they have a solar powered set-up, but I'm not sure.
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Have you tried contacting a representative of those exchanges personally? I'm sure some exchange would be willing to help you out, especially if you're doing everything legally like you mentioned.
Also try to get a reaction on twitter, they will probably help you even faster so they don't get any bad publicity.
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Bitcoin gambling is not illegal because in order for an online casino to operate they need to register it, they are paying tax and they have their address listed in their website. If a casino is not legally registered how can we trust them , how can we play on their website thinking that they might run because they don't have any obligations.
Even if a casino is registered in a country with lax gambling laws they could still end up scamming you. There are enough stories of people winning big jackpots in traditional casino's and not receiving their money. Okay, some Bitcoin casino's may not be registered, but they do have a proven track record, which makes it pretty safe to play there. Ofc I wouldn't leave any funds on your account if you're not playing. Also, most good Bitcoin casinos have instant payouts. |
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I think that Monero has a lot more potential just because of its privacy focused features.
We're now seeing that governments are doing everything they can to track Bitcoin transactions and balances just so they can tax it.
You don't have that problem with Monero and that's what makes it valuable, something that's only going to matter more in the future.
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I thought those losses was also including losses in bitcoin based casino, I think that figure might go upto $30 billion if losses in crypto casinos will be included.
Bitcoin is quite popular in australia and many are using it in daily life so they might also be using it to gamble without exposing themselves.
You can be pretty sure that the number is indeed on the low side if they didn't include any crypto casino's, but I guess it's kinda difficult to get accurate stats on that. I would also think that there are quite a few high rollers who use Bitcoin casino's just because it's so easy and semi anonymous to transfer large sums. I also wonder how these numbers compare to other parts of the world... |
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Today's Bitcoin lottery (round 221) draw results:| Place | Nickname | Owned Tickets | Winning Ticket | Chance of winning | Reward in Bitcoin | | 1 | NakedHiker | 40 | 148 | 18.605% | 0.01720 BTC | | 2 | Verdon285 | 8 | 191 | 3.721% | 0.00323 BTC | | 3 | eternalgloom | 33 | 15 | 15.349% | 0.00129 BTC |
Congratulations winners Finally made it on the board with the lottery, I had been playing for so long and hadn't won anything in a long time. Only third place, but I'm still glad that I got something back, even though it was a net loss :p That NakedHiker though, seems like he's winning every week almost. |
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It's been all over the news, even mainstream news outlets are reporting on it.
I wonder how they got hacked, I would assume they have the majority their coins secured in cold storage, so I wonder if this could have been an inside job.
If anyone how many coins they had in total, that would be some interesting information...
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I would definitely add a lot more designs that are suitable for men to wear, or even add an option to personalize the design if that's at all possible.
Even the unisex t-shirts still have the pink kitties on them, on the crypto kitties official websites you have many more designs.
Your prices seem alright if the shirts are of good quality.
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What did the email look like? Was it a wallet backup by any chance? If so, you might be able to import it in one of the older versions of multibit.
Did he make an account for you at blockchain.info? Is there any way that you could ask him personally.
I don't think that the coins are lost if he made a wallet for you and you still have the backup wallet file in your mailbox.
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Everybody should start using segwit addresses, you'd pay a lot less fees that way. Also, hopefully lightning network will come pretty soon, then we'll pay even less fees than we are with just segwit addresses. There are a couple of wallets that support segwit, though I don't think any mobile wallets do yet (IOS & Android) But correct me if I'm wrong. Here's a short video about using segwit addresses: https://www.youtube.com/watch?v=hlFcgbeuHQM (Title: Bitcoin SegWit Transaction Fees Are Low!) |
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Should've posted the source: http://steamcommunity.com/games/593110/announcements/detail/1464096684955433613From the business point of view of Steam, it's understable how Bitcoin isn't viable to be accepted as payment method yet, there's too much room for complaints from customers, though I think they are exaggerating with the 20$ transaction fee. I'm ok with them putting on hold the use of cryptocurrency (BTC in this case) for the time being. Hopefully the Lightning Network is going to sort this out and Steam will accept btc again. After reading the announcement, I feel it is justified for them to disable Bitcoin payments due to high fees and volatility. I'm guessing the volatility by itself wouldn't be such a big problem, but combined with the high fees it's probably going to cause many users complaining to Valve. I am hopeful though that once lightning network is ready, they will enable Bitcoin payments again. Quote from the announcement: At this point, it has become untenable to support Bitcoin as a payment option. We may re-evaluate whether Bitcoin makes sense for us and for the Steam community at a later date. |
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I'm personally a fir; believer in the Monero project, it has stayed in the top 10 in marketcap for year now and I can only see it grow further.
The need for a privacy centered cryptocurrency will only increase as governments put more restrictions on the use of crypto.
Even now we're seeing Monero's value increase while other altcoins go down. It has definitely been a good year, despite being outperformed by Bitcoin.
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I also tend to go for bets with high risk and high rewards, I've made some really nice wins in the past.
A few years ago I had won a couple of progressive jackpots worth around 10 BTC in total, back when Bitcoin prices were much lower.
I didn't have too many big wins since then though.
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Are you also going to provide us with some nice graphs and tables like on the previous thread? It would be nice if you could keep the format similar, it was a very nice looking overview in the OP. Good that you're continuing this, I've always found it handy to use the previous thread as an example of possible investment with Bitcoin and/or altcoins. I think I must have linked to that one dozens of times  Edit: either you've added the stats after my post or they were not loading for me before. Anyway, nice to see them there! |
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I never thought this could be rigged but seeing this, there might be a chance that every casino that has live dealers are rigged as well.
But we cannot conclude this yet until it all gets checked. I played this once, and never did I think it can be manipulated as this is seen live and the news is playing at the background.
I thought it was common knowledge that there were rigged roulette wheels, I think they've been around since roulette was invented. It's certainly not the case in all casinos, they also get checked by the gambling commission. I doubt you'd see many in Las Vegas for example. But I'm sure they still use them in certain shady casinos and online casinos. Luckily we can play provably fair roulette in most crypto casino's, but they should really make a provably fair live roulette. |
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Where shall we keep BTCs to benefit of incoming forks?
Well, I hope the IRS is not keeping track of these 'supposed' paper profits, from forks on BTC and then say at the end of the year... *scam fork #127 hit your BTC wallet as a snapshot on dec 22nd 2017 at a price of $8.93.....being money from the air (like mining) you need to pay this as income tax, as such* talk about a way to muck up my life, how would you even keep track, of every tom, dick, harry ....fork falling from the sky, snapshotting off BTC? That would put a crimper on things. (The IRS really does not like $$$ falling from the sky, even if imaginary....they find it annoying (like crypto mining) and make you pay! That's something I hadn't even thought about... I would be interested in seeing what kind of consequences these forks might have for your taxes in the future. Would you still get taxed if you don't cash out your forked coins or if you don't have access to your private keys anymore? If they start taxing all additional revenue made from these forks, you might end up owing more than you could pay. Makes me happy that I don't live in the US. |
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Is Bitcoin gambling is legal?
In fact it is NO, any gambling is illegal and using also a bitcoin it is no. Bitcoin is not totally legal around the world, there are some countries who banned the bitcoin because of being crypto-currency that will also use in illegal transaction like gambling with bitcoin. Infact, there is no way to become legal the gambling maybe the bitcoin. If bitcoin gambling is legal why it is the public that the user also unknown? Simple it is illegal. You can't just make a general statement like this saying that any form of gambling with Bitcoin is illegal, different countries have different laws. Bitcoin isn't even recognized as a currency in most countries, I assume many Bitcoin casino's are using that as a loophole, they're in a gray legal area. The fact that casino's and Bitcoin offer some form of anonymity has nothing do do wether it's illegal or not. |
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