He must have thought that the house edge that is being calculated is based on luck as well. Its pure mathematics which can be calculated as we have seen several of it being disputed on the forum.

I don't understand why people will assume gambling is purely based on luck that is based on subjectivity that cannot be calculated yet will open a scam accusation thread the moment they are losing more than they are winning forgetting a simple mathematics of understanding the house edge of every of the site and how this can be verified.

In as much as mathematics cannot ensure winning in gambling, it can go a long way in predicting the outcome of such moves as it can equally be seen in various card games for those who knows much about how the mathematics around it works.

And you must think this your vouch would change anything concerning the people who wants to patronise? Unfortunately, based on my view it will cast more aspersions on the service being offered.

Even if the majority of your members are from other forums, the fact is that you are expanding to our own forum and you need to do things the way its being done over here and that is giving a vouch copy to a reputable member of the forum whose words carries weight and not only by virtue of higher rank alone.

"South Korea bans all new cryptocurrency sales
South Korea's financial regulator on Friday said it will ban raising money through all forms of virtual currencies, a move that follows similar restrictions in China on initial coin offerings.
The Financial Services Commission said all kinds of initial coin offerings (ICO) will be banned as trading of virtual currencies needs to be tightly controlled and monitored.
"Raising funds through ICOs seem to be on the rise globally, and our assessment is that ICOs are increasing in South Korea as well," the regulator said in a statement after a meeting with the finance ministry, the Bank of Korea and the National Tax Service.

"Stern penalties" will be issued on financial institutions and any parties involved in issuing of ICOs, the statement added, without elaborating further on the details of those penalties.
The decision to ban ICOs as a fundraising tool was made as the government sees such issues as increasing the risk of financial scams. The decision tracks similar announcements in the U.S. and China where increasing trading volumes of cryptocurrencies are sparking concerns.
It added Friday's announcement doesn't mean the government has implicitly accepted trading of virtual currencies as part of its financial system, and will continue to monitor markets to see additional regulations are needed".

https://www.cnbc.com/2017/09/28/south-korea-bans-all-new-cryptocurrency-sales.html

The crypto industry means several things to separate people and each and every one of them, have the right to their own opinion without being vilified for it. Its just like a half filled cup while someone will say its half filled some others will say its half empty and the same thing with bitcoin.

Jamie is an intelligent guy and I don't think someone who holds such important and sensitive position would not say anything without thinking or knowing in details about the subject matter but that does not make him right always.

My take from it is simple, as he is entitled to his opinion, so am I to my opinion as well and I choose to believe the fact that he is wrong in his opinion and there is nothing he can do about it.

Loan services to me is not the best way to raise funds for any project because of the collateral involved which you must have more than 150% of the required amount and a simple look at the forum section dedicated to it, its mostly meant for micro lending. When you have that kind of collateral, the best is to sell and not feel indebted to any one.

Another way to go about it is to instead of going for loan, you can go for equity contribution where the services you needed will be provided in  exchange for share they will have in equity and profit distribution. With that you get peace of mind but lose some part of profit.

After bitcoin, several digital currency have been established with the hope of solidifying and working on the disadvantages of bitcoin even with some backed by assets as we have seen in some established for a mining site, a gambling site, some solar panel, some am exchange site and none of them has been able to dislodge or phase out bitcoin.

The only one that I see that could be a threat due to the massive back up and push it could get is one backed by government and that is not going to phase out bitcoin but just a threat.

It is then safe to conclude that, until bitcoin is destroyed completely, I don't see any alt coin taking over the mainstream of crypto-currency.

I guess this is working out going by the news we have heard in recent times whether confirmed or not in relation to Amazon.

However, going beyond that because most of the large e-commerce sites exist within the confines of the law, it's really beyond them to accept based on users request. For example, AliExpress which is another major site domiciled in China, I don't think would consider the acceptance of bitcoin demanded by users based on asking alone without putting into consideration the body language of government authorities at the moment.

What I suggest is also targeting small unnoticeable stores who are trying to create a niche for themselves in the already filled market, with that they could easily accept because they would see it as an untapped market rather than going after the big names alone.

Anyone who thinks there would be another crash is just not conversant with the situation of things the only thing I see September 30th will bring is just going to be some downward price and not a crash. The crash to be witnessed has already happened, the panic period is over, those who wants to withdraw their funds from the exchange sites would have done that and not waiting till last minute, the exchange sites would have planned their movement of funds, they would also have put in place the machinery to aid the transition and every other thing that would have caused a crash.

An ideal society that he envisages is a myth that won't come true by no means. State existence is not about the bad policies of government and how they tax citizens to death alone but about keeping the social setting in order without having to put life and property in jeopardy.

A society exist when people go about and carry out their business without the fear of being attacked by someone whose duty he believes is to attack but keeping the streets safe to a large extent is the payment of money to some people who are the police officers and that alone comes from the taxes we pay. Imagine a tax free society, how do we ensure that order will still be kept?

Only if the people allowed in will be limited by virtue of stringent conditions then its no longer free.

When one dies, all his property goes to his next of kin but if he had kept some in the bank unknown or some underground unknown to his people then its wasted for life for the ones in banks outside the reach of his family, its either forfeited to government or some unscrupulous bankers who have gotten the wind that the individual is dead.

The same thing in bitcoin but here what happens is only if someone can hack your wallet, before they can have access to it, otherwise its lost forever and there is nothing anyone can do about. Death will come one way or the other but only a few people are  notified of impending deaths. That actually sends us a message and for me, I have a diary where I kept all that relates to my password and pins.

While for bitcoin, I have tried to show a family member the way its being done.

Last two weeks it was JP Morgan CEO who gave the credit for the crash and he started feeling himself. I guess what Gorman  is trying to do is to get another of such recognition in case there is a recovery of price which is what is currently happening. Unfortunately for him, I don't buy it because he ain't saying anything different than we already know.

Everybody is bitcoin is expected to be knowledgeable about the issue of anonymity so reminding us of that is not an extra bonus to be earned as a result. Others might credit him, but I don't care and he can keep his opinion on the matter.

Hi Doc, but I really want to understand how this will work because of the parameter to know at what point will your client be satisfied and who will be the determinant of that?

The escrow is someone that I see put in the middle of this and I doubt if anyone would accept a deal that is purely based on subjectivity. Because if you say you have provided me with the best of service and I say you haven't, how will he determine who is right?.

If you are really a doctor, you will be bound by some ethics of the profession in which I know you are flagrantly abusing based on what you put up there. Good luck in getting your patients.

The way you saw it is the way I also did and quite a number of guys but I must admit I felt a bit of inner joy to see bitcoin surpass the $4000 mark but something also tells me not to be overjoyed because this is a point we have reached before and nothing new coupled with several speculations around September 30th that might even cause a further bloodbath but let's all hope for the best.

Irrespective of that, I am still optimistic that the crash that could happen when major news like this happen had already happened just like the August 1 scenario.

At some point one needs to panic you cannot just do without it and in my own case, I always want to blame myself for not taking the decision when the price of the stock I hold was still favorable. But the important thing how do one hold up never to take actions under such condition because that could be fatal. What I do basically is just to avoid checking and checking, I just ignore everything that have to do with price and concentrate on something else and even sometimes I avoid logging into my trading account for a number of days.

Since that has always worked for me, I stick to it and gradually the pressure subsidise and panic vanishes.

If that should happen, in which is not far from happening because looking at how bright the price had shown and the tenacity it has shown I am sure it will get there. What the Chinese will do, they surely have a lot of weapons in their arsenal to unleash on bitcoin and the crypto industry but I dont see them fighting back immediately rather wait till when the whole industry will be settled to come in. I see them attacking using the any options such as

1. Going after mining farms with the thinking that they make bitcoin available either to sell or to ensure transaction are confirmed or not.

2. A massive crackdown on individuals still finding their way to use bitcoin and also might come out to say emphatically they are stopping bitcoin and every thing we have been hearing and acting upon, are merely rumors.

Permit me to say, you are the one limiting the use of your bitcoin and making it sit in your wallet without any use and if that is the case then you can simply donate it to charity.

A lot of Nationalities are involved in bitcoin and not all of them are from the United States and not all of them can equally buy things with their bitcoin such as groceries or go to restaurants etc. and I belong to one of those countries and quite a number of people here.

What we do is think outside the box and that exactly what you need to do and make the best use of the opportunity you have. Bitcoin is money and can be exchanged as well. For the fact that you can earn some and keep some means you are not the only one involved in the whole of the country which means there is an avenue or platform where like minded individuals like you are making it happen.

All you need to do is ensure you identify those platforms or people and you will be you are part of this eventually.

You are right because by the time the individuals can now be able to afford some of the basic things that they can, then it then means a boost for the economy but where we fail to get it right is that the economy is not about individuals neither is it about group of individuals but the entire population which means the economy can still be in shambles while several individuals can still or being able to meet their needs.

In any country in the world even with several rich people, its still being regarded as a poor country because the wealth does not circulate to the entire population which is in this case might be for bitcoin especially for countries that are still developing because it then means I get to have a tax free income, more money in my pocket, I enjoy government roads, get to drive cars at the expense of those who contribute to make that available.

I am really guilty of not going for in-depth knowledge seeking exercise about which coin to buy and to sell as most times I just rely on instincts which sometimes can be correct and sometimes turn out to be the worst one. But I know with proper harming myself with information, I could do a lot better than I am currently doing.

There is nothing wrong in seeking information but trusting them blindly could mean doom especially for someone who is investing heavily into such enterprise. Most of the blog owners or site admin are sometimes not objective in their analysis and because they want to attract users or because they are also investing in such coin, they tend to be biased.

What I want to do is to combine the forces of my instinct and information gathering before taking a trading decision.

Based on what you have said, most times there are invisible hands in the system that is causing stability and never allowed the market to suffer any setback either for the benefit of the market of for their own selfish interest.

In the case of the Chinese dumping, for example, ViaBTC came out and said they have enough liquidity to cater for domestic withdrawal which means they have the funds to buy and mop up the excess that could arise from such without the gloat affecting the general market structure. Also, by that, they could be causing artificial scarcity because the ones they are buying are not released into the market immediately.

This is not surprising as its the same thing what is happening by the Central Bank in other to keep the economy in other and ensure that the gap between supply and demand is kept to the barest minimum.

There are several entrepreneurial opportunities that bitcoin offers and I have equally seen some but it all boils to the flexibility of the country one finds himself and the opportunities for market penetration in that line as well. Over here, there is gradual penetration of bitcoin into the teeming youths especially and its a market thats is worth penetrating.

However, there is need for serious orientation because a lot of them got to know about bitcoin due to its acceptance as a form of currency in a popular failed ponzi scheme which makes it difficult to convince someone of how to go about it and even lazy for them to find out other uses of bitcoin aside for ponzi.

What I see as a ripe avenue currently is to create a freelancing site that accepts bitcoin as a form of currency and with that they see more potentials and earn bitcoin for their effort and indirectly create a new market for those who wants to convert to fiat and vice versa.