The backlog is slowly but surely getting confirmed though. Just check how many blocks have been found in the last 12 hours or so. Yesterday we were sitting at almost 200k unconfirmed transactions and it has already gone down to almost 100k. Check how many blocks were found the past hour:  https://blockexplorer.com/blocks |
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Does anyone have any experience investing with this company?
What do you mean? Is there any experience needed to make an investment here? What I do know, most gambling site will offer you a good payout for your investment. You just nees to out how much bankroll that you want to invest and get the profit later on. This is gambling site, so they will get profit in the end. And from the past result I saw, their statistic is slow but quite good on long term investment Depends on the risk you are going to take on the investment imho, also bear in mind that investing in gambling site's bankroll is not always profitable. There is always a risk to lose your investment as well, so it is not a guarantee you'll make profit in long term. On Crypto-Games it's actually very likely that you'll make a slow but steady profit over a long term. They have measures in place to avoid making big losses on their bankroll, they have a maximum profit set for each individual bet on dice for example. You'd have to be extremely lucky to hit a couple of those maximum profits per roll. In theory they could make a loss over the long term, but it's unlikely You can also look at their statistics and they show that the profit of each coin/game is tied to their house edge. |
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I think it is important to consult an actual lawyer when setting up a company. Asking for help online is nice, but it is not a substitute for getting a lawyer involved. Saying that, I don't know what the laws are like in your country, but in many countries, creating a company will actually protect you. Again, I don't know your laws, but in some countries you would be vulnerable right now because if someone isn't happy with you, they will be suing you directly, instead of a company. It can also allow you to have tax benefits, credibility, and a legal foundation for what you are doing.
I think creating a company is a great idea. Depending on what you would like to have on the website, you could probably create the website yourself using a CMS such as Drupal or Joomla. This could also help you expand your customer base and market your services. Best of luck!
You're completely right about contacting a lawyer, it's best to look for someone who specializes in financial law. One or two consults shouldn't cost you too much. Aside from that, it's also a good idea to consult with an accountant who has experience with crypto-currency. This might be a bit tricky, but it will be worth it in the end. |
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Payment received, but will have to wait a couple of hours for confirmations. Even with that 30 dollar fee you've added  |
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I know it's a clickbaity title, but there's an interesting story behind it! Business Insider interviewed an AI robot recently and they asked this question: 'Okay, how do you learn things?' The robot answered with: 'What are your opinions on the Bitcoin bubble?' Here's the video, I've linked to the correct timestamp: https://youtu.be/R0bVxbRCd-U?t=65Do watch the whole video, it's pretty interesting to see a human-like robot with some basic AI interact with someone. It's also very strange that she mentioned Bitcoin, I actually wonder how she learns things. But yeah, didn't get a good answer the first time  I'm seeing this video being picked up by multiple major news websites, at least it's good that Bitcoin is getting some free exposure again! |
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096]
Let me know if you have any further questions about the way withdrawals and fees are handled.
Thank you very much for lowering the fees for Bitcoin and making the FAQ clearer to avoid any and all confusion. While we are on the topic, will you be reviewing the 'assumed' average transaction size (or equivalent) of other coins to brings costs down, and in line with the adjustments you made to BTC? I actually have investments in other coins and would be happy to see these fees come down to be more reasonable too. For example, I have no idea what assumptions are used for withdrawal of Ether, but a fee of 0.0075 ETH is recommended (less than this, it says there will be network delays), this is approx 2.47USD. From https://ethgasstation.info/ with a standard gas price of 1gwei and using 21,000 GAS this equates to a fee of (0.000000001*329*21000 = $0.0069, 0.7 Min predicted wait). This means the site is charging 357 times a fee that would take on average 0.7 mins to confirm and warns of slow transaction times if a lower site fee is used. Would be hugely great if transaction fees can come down alot for alts, after that I believe investments and more gamblers will come to the site. Thanks. You can choose the lowest fee available if you want. Yeah, just speaking from personal experience, it usually doesn't take more than a day to confirm if you choose the lowest fee. I mean, your transaction could theoretically get stuck for a few days, but that almost never happens. I've picked the lowest fee a couple of times, never had to wait more than 24 hours. |
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I'd rather invest in individual projects directly without having to use Moneypot.
I mean, you can just invest money straight into the bankroll of many different gambling sites and get the same or better returns.
Also, the chances of making a long term loss are significantly lower on a casino like Crypto-Games for example.
They have taken pretty good measures against sudden losses.
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Safe and 1.5% monthly do not belong together
I agree. 1.5% monthly is a massive rate. Any rate like that is likely to be a ponzi scam. I wouldn't participate in any such scheme. However, I would trade Bitcoin rather than invest. Bitcoin has a volatile price which is not the best for long-term investing. If you want to invest, invest in gold, shares...etc. There are investment opportunities that give out way more than 1,5% monthly that aren't ponzi's. A Bitcoin investment on Crypto-games would give you around 3 - 5 percent per month. You can check out this thread if you want to see more statistics: https://bitcointalk.org/index.php?topic=1796062.0Almost 28% increase in 35 weeks, that's an average of 3.19% per month. |
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Anyone who has ever been or are in a committed relationship or marriage where both people gamble? Or in a relationship with a gambler with a friend, best friend, family related etc... Knowing you are in it together is weird comforting and gives me some sort of undefined explanation.
What does that look like for you? Your experience needs to be heard.
In my opinion, I don't think that it is a good thing if both partners are gamblers. Because in gambling, it is not always a win-win situation. There are times that you lose, and you tend to lose big time, then if both of you lose, what will now happen to your life? You might just end up separating. So, it is still better if only one gambles, but not too much, and the other partner controls the other one. Yeah it's true. I have a friend that he and his wife are really addicted in gambling and when they both lose they just quarrel and put the blame in each other and sometimes my friend cheated on his wife like he spend their savings in casino in just one night. And their children was really affected by their non stop fights and their future is also at stake. To make the story short, they decided to separate but then my friend realized that addiction in gambling will be no good for him and what really matters is his family. Sometimes addiction, if not properly handled you'll just loss control with your life and ruined it. Just treat gambling as for fun but better if you can quit and just focus your time to the ones that you know what's more important. It can become a really huge problem if both people in the relationship are addicts, whether it's drugs or gambling, it really complicates the situation. If one person decides to try and quit, the other person must also be on board with that, or they would just keep enabling each other to gamble. I hope everything worked out for your friend in the end, getting rid of any addiction is really difficult. |
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It's an option to invest in a reputable Bitcoin casino perhaps? You keep gaining interest on top of what you've previously earned and you can just keep your investment there for a couple of months or years. There's a thread in the Securities section of the forum of someone who invested in a couple of coins at Crypto-Games and he documents his profits for every coin. Take a look if you're interested: https://bitcointalk.org/index.php?topic=1796062.0 |
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My perfect currency is currently Monero, beats Bitcoin if you actually want to use it as a currency.
Fees are much lower and transactions confirm faster while you send everything anonymously.
I'd rather use Monero to send someone money because I don't have to pay 5 dollars in fees on a 25 dollar transaction.
Value of the currency isn't everything, especially not for day-to-day usage...
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This will be pretty difficult to do I think, I can already see a few problems.
People will definitely use your service to sell accounts or codes that were obtained through fraud. How would you deal with this?
How will you determine the value of accounts or game items accurately? You'd also need to have the means to sell them as fast as possible if people default on their loan.
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There are a lot more ATMs in the US and Europe than in the rest of the world, just have a look at this map: https://coinatmradar.com/In the grand scale of things, there really aren't that many ATMs if you look at the whole world. Coinatmradar lists 1778 ATMs in 58 countries, with most of those located in the US and Europe. Even if you look at Europe for example, they are very thinly spread out across the continent with a couple of cities that have multiple ATMs. |
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OpenBazaar isn't the most user-friendly and requires users to download a program, which puts a lot of potential buyers off. If you're looking to sell digital products for Bitcoin, I'd suggest taking a look at CoinMall: https://www.coinmall.com. We're a web-based platform and accessible anywhere. We've also got a lot more features which OpenBazaar simply doesn't / can't have and are actively working on making the marketplace much easier to use and interact with. We've written about 5 different reasons why CoinMall is better than OpenBazaar: https://medium.com/@coinmallio/5-reasons-why-coinmall-is-better-than-openbazaar-f5470b59e8e2If you've got any questions about CoinMall, feel free to send me a PM! I think that the website you're suggesting has even less items for sale than Openbazaar I've taken a second look and seems that people are definitely making money, there are thousands of listings. Take a look at the items for sale, no need to download their app. https://rawflood.com/ (Open Bazaar search engine / directory) Seems like there's a lot of drugs and other illegal items, but I wonder how well the other legal items are selling. They've got a lot of choice, that's for sure. |
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I don't know the full story, but I think that it was mostly marketed through word of mouth in the early days. You've probably heard about the guy who bought a couple of pizza's for over 10.000 BTC? This was one of the first 'high value' transactions here on the forum. People just negotiated the price for goods and services here on the forum, that's how the early Bitcoin price was determined, if I'm correct. You can read a bit about Bitcoin's price history here: https://en.wikipedia.org/wiki/History_of_bitcoin#Prices_and_value_history |
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I've always purposefully avoided Yobit entirely, their fees are a lot higher than on other exchanges and they seem to add shitcoins non stop.
The fact that they operate a dice game on the same website also looks a bit shady.
I wouldn't really call Yobit a reputable exchange, not planning on using it any time soon.
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You could invest your Monero on Crypto-Games for example, but people don't seem to be betting a lot with it.
Currently there has been 3000 XMR wagered in the last 30 days, other coins are doing much better.
Litecoin is doing much better with 32k LTC wagered in the last 30 days, the profits are also much higher.
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While this is a good initiative, I don't think it can be implemented without the support of governments themselves.
A big exchange wouldn't give out user info to just any body.
You'll need government support for that
I can see one way how this could work, investigators could act as private investigators to solve crimes for a person that has hired them. Private investigators also exist in the real world and they usually find ways to act legally, so why wouldn't someone be able to hire a specialist that has the knowledge of how to track a criminal down through the blockchain. They also forward all incriminating information to law enforcement. But these private investigators would still require a connection with the government considering their rights are the same with any one of us, common people. Well, here's a quote from hg.org "Generally speaking, private investigators have no more rights or privileges than ordinary citizens." So, even though they named themselves as PI these exchanges wouldn't still cooperate. The government will handle things, like if it is necessary to take these transaction details in an exchange and still, it is considered as a support. Exchanges won't give out any information about their users to private investigators, but that doesn't mean they can't do anything. I would imagine that there are some private investigators who have good contacts within law enforcement, meaning they could speed up the process of getting someone caught. It's possible to follow a trail to an exchange, if the source of those coins is clearly something proven illegal, law enforcement should have no problem obtaining a subpoena. A lot of private detectives are also ex-law enforcement, so they know how to obtain information legally through some kind of legal grey area. |
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Just practice basic opsec and you'll be fine, don't use the same username/password combination on every website.
It's also a good idea to create an e-mail address specifically for registering on these ICO websites.
People are trying to gain access to your accounts, I have tons of 'Lost password' emails because my data got leaked from when certain services were hacked
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This forum for example and also Patreon, I've changed all my passwords but people keep trying to use my e-mail and old password.
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I don't encourage them to invest. I only make them aware of the existence of bitcoin so in that way if things get ugly, he/she wouldn't blame me for egging them to invest in it as they have made that in their own volition; also this preserves our friendship.
That's the smartest thing to do, I wouldn't even give any tips regarding security to people who are not very good with technology. The chance that they end up blaming you whenever they make a mistake themselves is just too big. I would give advice to people who at least have some understanding of the technology behind it, but I usually mention that they don't have to take my word for it and look everything up. Giving financial advice to friends is pretty risky in general imo. |
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