Well maybe for a few entitled kids who got everything from their parents it is. But for the majority of the world's population it isn't. The majority of the world population doesn't have a computer, even less people have internet, and most people don't have any money to buy bitcoins with, because they use all their money for food and still they starve.
A phrase made popular by the US president John F. Kennedy applies . . . A rising tide lifts all boats.I dont think this concept addresses Billysweird's point exactly. However, a point to address billysweird's point would be that bitcoin would provide a lot for poor people to the extent that they attempt to save anything or to the extent that they may rely upon fiat money systems that disproportionately steal their money. Poor is relative, of course, and some people in the world are struggling more than other people; however, part of the reason that they are struggling as much as they are is b/c they are exploited in their various financial instruments and the depreciation of their money. I am NOT sure about whether bitcoin is going to completely resolve these kinds of resource issues b/c the rich frequently find new ways to exploit the poor, but bitcoin has the potential to offer a variety of solutions as compared with fiat money systems. Poor countries can save in transfer fees with Bitcoin and get direct donations more easily Having a constantly depreciated currency is very bad when you are poor because your salary doesn't go up as much as the currency goes down and it is hard to save |
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Seems many ponzi owners get banned for some reason. They must be doing something messed up to get banned but meh. I guess we will never know? This guy might be the guy running all the other ponzis? Who knows? But looks good so far, I guess.
The moderators may try to correctly control the ponzis by not allowing ponzis owners to build a reputation becoming a Member, Full M ect. or they banned him for spamming or something else, the second option is more likely |
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I did appreciate MP's transparency on the issue though ah memories of this thread
Can you elaborate on this?
Didn't people who bough shares in SatoshiDice in 2012 made a lot of money?
I wonder how much has been bet on SD since it launched, there is hundreds of BTC bet everyday so it must be in the millions. SD owners took 1.9% of that
Bitcoin Price Appreciation Was Significantly Greater than BTC IPO price simply put I'm talking about the 90 to 250 rise not even the more recent one from 250 to 1000 to the 600 now Long explanation a BuyBack was issued and a pool of capital IPO investors didn't know about existed affected valuation dividend payouts, US gambling ban etc bunch of factors can't recall them all. https://bitcointalk.org/index.php?topic=101902.msg2458656#msg2458656I guess the SEC is a bit about Sdice sort of being a mixing service back then or some insider trading before the asset closed anyways to the graveyard again with this thread. The story can be read from 98 Really so if you feel like skimming just check a few pages start around page 70 for the long one lol. https://bitcointalk.org/index.php?topic=101902.msg2751536#msg2751536Ok but I was talking about a bitcoin appreciation since it was a bitcoin investment I would imagine members that bought in during the IPO made at least +50% in BTC |
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It's looking like that 64 BTC loss was this player's last bet. They've already withdrawn hundreds of BTC of profit over the last few weeks. Maybe they have the discipline required to quit while they're ahead!
Good for them - some people have a lot of luck (at least more than me). That's why I love being the house - don't need to rely on luck maths will help you out. Anyways, I'm not so sure, from what I've seen whales seem to be degenerate gamblers who eentually give some/most of it back before quitting. By the way, doog just out of curiosity how much do you keep in the hot wallet? Do you have a dead man switch in case something happens to you and Deb? I think I can answer: He has 500 btc loaded each time in the hot wallet. Deb has access to the funds and *probably* someone else. Let's hope for the investors that someone else has access to the funds as well or maybe he choses 4 persons and they can have access to the address if 3 of them sign in together : his mother, his best friend, his partner and a trusted escrow for exemple |
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Par contre je suis surpris par ce que tu dis superresistant : ne pas entrer après une grosse hausse est bizarre car le prix a en moyenne plus de chance de continuer à monter que de descendre
Fait le test sur un an, divise ton FIAT en deux sommes. Avec la première somme, tu achètes toujours après une montée brutale et avec la deuxième somme tu achètes toujours après une baisse. Tu constateras qu'avec la première façon tu auras beaucoup moins de Bitcoin qu'avec la deuxième. Il se pourrait que la différence soit énorme. Il vaut mieux acheter "bas" et vendre "haut" mais depuis le début de Bitcoin il y a eu 60% de mois positifs et 40% négatifs Stats de rpietila : " 1. The linear trend was with positive slope, so in general it goes up the more, the more it has already gone up mo/mo. Grin y = 0,2394x + 0,0672 R² = 0,05661 2. If it has crashed -22% or more in the previous month, the next month has never been better than +76%. 3. If it has crashed -48% or more, the next month has also always been negative! 4. If it has gone up at least +6% and not more than +255% (LOL) in the previous month, the next month has never been worse than -32%. 5. About zero gain last month can lead to 500% gain next month (or -50% loss)." =>Si ça a monté, ça monte encore plus le mois d'après; si ça baisse 22% ou plus; ça ne remonte pas plus de 76% le mois d'après |
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By way of redistributing wealth, and funding the State, I would not be surprised, and increasingly suspect that bitcoin holdings will eventually be considered property subject to tax, in the same way that land is taxed in the USA. In democracies, new sorts of taxes have been in the past introduced at very modest rates and limited to apply to a minority of taxpayers so as to be politically acceptable to the majority. The most palatable form of a bitcoin holdings tax would be one in which the rate of taxation is substantially less than the rate of deflation. For example, if I would not leave the USA and hide my family if the tax rate was 0.1% of holdings annually, given my expectation of 1000% price growth on average annually for the next few years. The blockchain is public and I believe facilitates the collection of taxes in jurisdictions such as the USA in which tax compliance by citizens is voluntary. Note that I am for fair taxation, as tax jurisdictions serve the common good. I am not for the confiscation of bitcoin by governments - simply because early adopters may eventually be sudden new $ billionaires and perhaps in a few cases $ trillionaires. I practice this is already the case in the Netherlands. Annually people pay 1.2% tax over all there holdings over ~21k Euro (Excluding items you use such as your house and cars, for arbitrary reasons). Your net worth include your Bitcoins (as the Dutch IRS has made very clear) so I already paid the tax in 2013. *This tax is to tax investment gains without having to check them. therefore we don't have to pay things such as capital gains tax and dividend tax. A simple low level tax is better than a complicated one but being taxed on your holdings is racket : you never really own them since you need to pay a rent or be thrown in jail |
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 uh oh, bouncing off the trend line! Your best hope for a bull market is for someone besides Houbi to start leading. Because an exchange that's difficult to get fiat into is not going to rally us very far. Someone from Bitstamp then That was a short lived little rally we just had. I would like us to be able to sustain at least $515 levels and then slowly grow upwards from there. Any rapid rises can never be sustained because there are always people waiting to take some profits off of the table.
On the other hand if the rise goes high enough the short need to cut their positions which makes us go higher; a lot of traders are looking for the price to break a few resistances to get back in |
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Im thinking about joining, trying to decide cause ritz pay a bitmore. which one you guys think I should pick?
I guess it depends on the amount of posts per month you usually do; Gaw Miners pays Senior Members a flat rate of 0.08 btc a month for 50 posts, which is about double what PD and Ritz pay. Of course, if you do more than about 100 posts a month, then these other campaigns pay out more. Gaw miners is definitely the best for low volume posters. I wonder how long they'll run though, 50 posts per month for 0.08, that's not a lot of advertising for a high price. Perhaps, but provided they let you know of their intentions beforehand and pay out any outstanding posts, that's not really a problem. And you can always join PD or Ritz later anyway if you want. Yes of course, that's the positive thing about having a few competitors around here. I'm personally hoping to see even more sites trying out signature advertising to get get the incentive up for the current ones to re-consider their rates.  The rates are pretty good for Sr and Hero atm amha; we need those rates for a while, accumulate some btc then a huge spike up in price to a few grands a pop  I have been paid by Stunna for last month, it went smoothly, thank you! |
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Send a big amount of BTC here 1CuzF8cAyS8H4Gznd1GSDewKtCrNxSmzm8 and I will be very happy
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Stop bumping a year old thread c'mon, what's the point?
4months old but I get your point |
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Strange, although it doesn't change anything it's unlike the human mind to decide that after getting a low your best bet is to bet low the 2nd time round. If she didn't change at all that losing streak wouldn't have happened.
I was thinking that too. And what if that person had started off the other way, they would have won every bet. Each roll is an independent event. Doesn't matter what she chooses. Yeah she would have eventually hit a losing streak and lost - even if now she avoided it, it is inevitable and she would have busted. Well at least as an investor martingalers are great as although they may take money in the short term you can guarantee that one day you'll get their whole stack. If she bet low instead of high or the other way around it will probably not have been the same result anyway... Playing a martingale is the same as betting a big amount to win a small amount |
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I was ready to read everything but I stopped half way through to jump to the end Good luck getting back something, you seem to be ready for a fight! The lesson is not to leave to much money on any Bitcoin site but it is easy to get carried away and hope for the best |
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If your username is not public it is pretty hard to enter your account
The blockchain system seems pretty efficient where your username is complicated and not public
username? Sounds like you are talking about the site blockchain.info, rather than the blockchain. Yes I meant the blockchain.info wallet |
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Personally, I think that we have to walk before we run, and surely bitcoin, in its short life, has had a truly amazing growth path - which causes these very extravagant predictions.
I understand and appreciate bitcoin fundamentals enough to realize that any of the scenarios are possible - even 10x growth per year is possible.
. . .
I can grasp that 10x is possible and plausible... but seems a bit too much for the infrastructure to absorb into such a short period of time - especially going from $50k to $500k - I have a very hard time envisioning that - however, I do recognize that if any medium size country picked up bitcoin as its national currency, then those scenarios are completely reasonable - and there are a variety of other adoption scenarios that could continue the 10x growth per year for several years into the future.... but somewhere between 2x and 5x growth seems much more within the grasp of the possible.
. . .
I am NOT sure whether this kind of a BTC appreciation model is sustainable, but it does seem possible at some point to enter into a period of an ongoing average appreciation of BTC value somewhere between 10-20% per year.
The price history of bitcoin shows 10x growth per year on average, which is supported by 3.2x average growth in both bitcoin addresses and adjusted number of bitcoin transactions - according to Metcalfe's Law. My own logistic model of bitcoin prices says that this growth rate will continue on average, actually very slightly diminishing, until we reach the midpoint of adoption. We could already be past that point but the preponderance of evidence in my opinion, is that the Bitcoin Economy is far from reaching that point. After the mid point of adoption average price growth rates will rapidly diminish, reaching the levels you mention or lower. Past performance does not guarantee future results but I like your bullish point of vue The number of people knowing Bitcoin, liking Bitcoin, using Bitcoin is growing everyday, way more than the number of bitcoins; world wealth is increasing as well and the western financial system is going down within years |
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J'aime acheter une nouvelle valeur en plusieurs fois, je trouve que ça a beaucoup d'avantages par exemple pour réévaluer son avis sur la valeur au fur et à mesure qu'on entre
Par contre je suis surpris par ce que tu dis superresistant : ne pas entrer après une grosse hausse est bizarre car le prix a en moyenne plus de chance de continuer à monter que de descendre
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We will know soon, probably this week, whether we are still in a bear market. I see nothing but trend lines acting as resistance still. But the bulls have yet another chance to try and seize the trend for good.
Can they do it? I'm still skeptical, but awaiting confirmation either way.
It's a strange market for sure, with many investors believing bitcoin to be over valued, and even more day traders believing that its going to the moon again.
I still think its the investors class participating that decides the trend and enthusiastic day traders simply a distraction.
Bad news are fading away, good news may be around the corner and if we break a few resistances and short are buying back their positions we are heading to a very high price! That is how i feel right now |
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"Image below shows that a player almost wins 140 times from the starting amount because of EveryDice’s low house edge." Haha thanks for adding me to the blog ED. Will be back in a week to invest or win Where is this blog? Just saw the site hits 100BTC bankroll and a 1BTC max win, bravo！ It is not as big as PD or JD but there is a nice community and now 1B to be won each roll  |
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Are you in Venezuela?
It can be interesting to go there to sell some bitcoins and get a free trip
Nope... I am residing in South Asia. It is really difficult to get any fiat deposits in to BTC-E or Bitstamp. People living in the US or the EU have a lot of options. But here we don't have that many. Withdrawal is not a problem, especially after BTC-E added the withdrawal to the Credit Card option. We desperately need some Bitcoin ATMs here. Ok The potential of growth is huge because the infrastructure is just getting in place and when it will be in place it will have to mature |
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Hard to beat someone who's been here for years without being here for years yourself. It is not hard if the guy didn't post a lot Look at here : https://bitcointalk.org/index.php?action=mlist;sort=registered;start=0 half the members (5/10) that registered in 2009 are still newbies hilariousandco registered November 20 2013 and posted 7357 so far!! 56posts/day in average!! I posted 18posts/day in average and I feel I am posting all the time 56 post per day in AVERAGE? I could easily post 56 times a day, and sometimes I do, but EVERY DAY? Gee wiz. that's some dedication, I can see my self reaching 56 post a day when the section is active and people are commenting, but doing it everyday that's another level of dedication Oh yeah. I suppose people can post from their phones nowadays, I can't though. 56 posts per day from my computer, I can't imagine the headache, haha. If you are involved in interesting conversations and you are sick in the hospital, making short posts it is doable but if you have a balanced life and you make long posts it is pretty unhealthy amha |
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If you invest more and don't divest you stand to make more, I don't think bonuses for loyalty should even discussed in that case, I am not invested but it is my opinion
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