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27101  Other / Beginners & Help / Re: Increase my bitcoins. on: March 17, 2016, 04:55:15 PM
In my opinion people have unrealistic expectations about investments the moment it concerns cryptocurrencies. In "normal" investing a steady 7% a year is very good long-term. But when it's cryptocurrencies, people suddenly expect more like 10% a day, or 100% a month. That can never be sustained.
27102  Economy / Gambling discussion / Re: How much can you earn with gambling? on: March 17, 2016, 04:39:54 PM
Funny how people think there is a strategy in those house edge related games like dice and slots.

Every bets are under their fair betting system so no strategy can applied here. Only pure luck.
There is a strategy: minimize the house edge, which you can do by going all-in only once. This gives you the best odds (mathematically), but also the least fun. And it feels much more risky than playing small amounts for a long time, as statistics and math are not intuitive.
27103  Economy / Service Discussion / Re: HashOcean.com - Cloud Mining Service on: March 17, 2016, 04:17:57 PM
Try to answer this:
  • why such a successful mining company with millions of GPU hashing 24/7 all over 7 datacenters spread in the world, would NOT post just a single little tiny picture of their assets or their employers?
  • why they dont declare which pool they are mining to? (like other companies did in the past till they pulled out their hash from a bigger pool because of 51% issue and made their own pool)
I'd like to add to your list: Why would a successful mining company need me? If they can offer ROI in a few months, they don't need my, any large investment fund would love to do business with them!
27104  Other / Beginners & Help / Re: My first bitcoins on: March 17, 2016, 04:08:52 PM
If you have an specific need to escape the police
Isn't that obvious? Locking your son in a wall in New York sounds illegal.
This must be troll right? It can't be true!
27105  Bitcoin / Bitcoin Discussion / Re: What is Blockchain transaction fee for small amounts ? on: March 17, 2016, 03:52:23 PM
The result is that it could cost you more than $0.05 to send $0.05.
Five dollar cent is about 0.1 milli Bitcoin. You can transfer that with a lower transaction fee, it just takes longer.
Keep in mind that receiving (many) 0.1mBTC transactions means you need a higher fee to send them again, as the small inputs make the transaction larger (in bytes).

For small transactions altcoins are actually a lot cheaper. Doge for instance gets you 220 Doge coins for 5 cents, and the transaction fee would only be 1 Doge. So 0.5% fee vs. around 100% fee in Bitcoin.

My advice: don't make very small transactions in Bitcoin.
27106  Alternate cryptocurrencies / Altcoin Discussion / Re: Does this mean that ETH is irrelevant (smart contracts on bitcoin blockchain) on: March 17, 2016, 03:37:12 PM
The hype around ethereum makes it seem like "smart contracts" are needed. I do agree it is a nice possibility, but so far I have never needed it, and if people would have needed it, it would have been invented a lot sooner.
It now seems they are offering a solution to a problem that does not exist. Meanwhile the inventors are cashing in, people jump on the train afraid to miss it, without ever having shown a single application that we can use. Or even better: an application that we need.
27107  Economy / Gambling discussion / Re: What was your first gambling experience? on: March 17, 2016, 03:23:37 PM
My first gambling goes back to school, around 10 years old I think. Betting small amounts of money on binary things, from throwing a dice to picking a straw.
27108  Other / Off-topic / Re: Is there a lawyer on BitcoinTalk I can speak to? on: March 17, 2016, 02:28:21 PM
I tried googling places for free consultation but it seems like they're all indeed not free at all so I don't know on what to do about her situation either.
Just call a local lawyer, he can't charge you over the phone, so ask his opinion on the matters and whether or not he can recommend to take action.
27109  Other / Archival / Re: Updated Overview of Bitcointalk Signature-Ad Campaigns on: March 16, 2016, 11:36:31 PM
The Rollin.io Campaign still shows "Payment not yet confirmed"-status in the OP.
I can confirm payment was made today: Does that mean it will now move to "Closed for new participants"?
27110  Economy / Games and rounds / Re: [Primedice.com] Bingo Competition! - Win up to 4 BTC Each - Positive EV Gambling on: March 16, 2016, 09:35:20 PM
I like hunt-the-number-games! Thanks for the fun. It seems like I just hit the keyboard a few times with my left hand when I created my username a year ago. I regret that now that I have to post it here Cheesy


Username : dsffdssdf
Which fair play restriction do you meet (Just post one): 20+ Bitcointalk activity & Primedice account older than 1 year

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27111  Economy / Economics / Re: So I made some calculations today on: March 16, 2016, 04:34:21 PM
This basically means that gold represents 3% of the total world's wealth and that bitcoin is only worth 0.0026% of it. In other words, by comparing bitcoin directly to gold: the total value of all bitcoins is 0.087% (or 1/1142) of the total value of all the gold that there is. Looking at it from this point of view bitcoin can easily get to 4 digits.
You can't really make wedding rings out of bitcoin, so it has some limitations gold does not have...

It makes no sense comparing the value of x to the value of y. You can't just exchange them. The value of apples on earth for example is a lot less than the value of bitcoin. And yet, it has nothing to do with it. You can't say "let's replace all apples by bitcoin", just as you can't replace all gold by bitcoin.

Bitcoin need at least 10-20 years to come into mainstream. Price should be +$20,000. But we'll see.
I see a serious limitation from the blockchain there... As long as "the ones in power" don't make it possible to do - say - 1000 times more transactions, why should the value go up 50-fold? You can't have mass adoption if the blockchain is already pushed to its limits.
27112  Economy / Investor-based games / Re: Hacker trick - double your btc in second! [HOT] on: March 16, 2016, 04:28:26 PM
The only secure way to double your money: put it in front of a mirror!
27113  Alternate cryptocurrencies / Mining (Altcoins) / Re: ethminer-0.9.41-genoil-1.x.x on: March 16, 2016, 04:13:08 PM
Would this be worth running on my GeForce 840M? It has 2 GB, takes about 35W (0.6 mBTC per day), and does up to 9 Mkeys in vanitygen, but was terrible to get to work (on Linux).
27114  Economy / Economics / Re: Let's Be Honest. We Are Waiting for $100/BTC to buy on: March 16, 2016, 03:51:57 PM
When bitcoin goes down, further down, and even further down, why would you buy it? It's like penny stock: the moment they keep going down, that is because nobody wants them. If people would want them, the price wouldn't go down.
So if bitcoin would be very cheap tomorrow, that is because people lost confidence. And why would you think confidence would come back after that?

The irony is: people buy it when it goes up, "jump on the train"! Look at ethereum at the moment, it goes up because people want it. The same people who didn't bother to buy it when it was a lot cheaper.
27115  Alternate cryptocurrencies / Altcoin Discussion / Re: ETHERUM will be 1st Crypto Currency..? on: March 16, 2016, 11:21:24 AM
Ask this question again when the eth hype has worn off Cheesy
I think Ethereum is a very bright idea from the creators to have people trade their bitcoin for something they just made up recently. Their pre-mine must be worth (give or take) half a billion dollars!
27116  Bitcoin / Bitcoin Discussion / Re: A teen is given $1K to invest into Bitcoin - what would you recommend for them? on: March 15, 2016, 10:25:17 PM
I like the answer , but i think she or he can go with buying any full member account and start earning through signature campaign. this is also one way of earning without risk
Any teen has enough time to get a full member account in his/her own. No need to buy it, just be patient.

What time scale are we talking about here? Teens are in the age of needing money they don't have. In 20 years he/she won't need $1k, so unless it's gone up a lot, $1k means more to the kid now than it would mean to the adult in the far future.
27117  Other / Meta / Re: Whitelist my nick? on: March 15, 2016, 04:53:24 PM
If you already announce it's your second account, why not just create the account using your own IP address? As far as I understand you can use it through TOR after you have created it from your own IP.
Your privacy is gone already when you started this topic, so why not just create another account.

BTW, I didn't know about the evil points. Learn something new every day!
27118  Economy / Games and rounds / Re: Coinbet24.com – Get a free bonus of 5 mBTC on: March 15, 2016, 04:22:25 PM
FREE BONUS
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Thanks!
27119  Economy / Currency exchange / Re: [WTT]BTC to PAYPAL on: March 14, 2016, 09:58:30 PM
we are in chat right now making agreements Smiley

[EDIT] trade done, thx.

and yet only a few weeks back ghibly79 wouldn't trade with me, but is ok trading with activity two?
If eduard26 sends the bitcoins to ghibly79 first, there is absolutely no risk for ghibly79 to pay using Paypal. It would be a different story if a new user wants to buy bitcoin using Paypal.
27120  Economy / Services / Re: Bitcoin Vanity Addresses! on: March 13, 2016, 07:19:11 PM
@Billyboy402: How about 1BBoy42 ?
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