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3141  Bitcoin / Bitcoin Discussion / Re: What are your plans with your Bitcoin? on: July 12, 2017, 01:34:32 PM
Hi guys Smiley May I know what are your plans on your Bitcoin in the future? Do you plan to keep on investing on Bitcoin related businesses or do plan to convert it into fiat and ventures on new business?

I'm planning to invest more on Bitcoin related companies and convert some of my Bitcoin into fiat and invest it on our local stock market. How about you?
im planning to join trading with my bitcoins , to make it double , while joining signature campaigns , i have 2 accounts now , and im planning to save all the earnings and invest it into trading and i think thats the best way to manage my bitcoin
Yeah great idea! Make a second account for signature campaigns, which isn't allowed, and then boast about it on the same forum.  Roll Eyes
Do I even need to put /s?

Also, I can't see you being very successful at trading with just the earnings from signature campaigns.
3142  Economy / Gambling discussion / Re: @Philippines An addicted gambler gone wild on: July 11, 2017, 08:13:12 PM
The ironic thing is that he also worked for the department of finance, perhaps he had a way to get more money than a regular person would?
I mean, he's 4 million in debt... Must've been really addicted to have let it escalate like that.

The article doesn't mention if it was 4 million dollars or Philipino currency.
3143  Bitcoin / Bitcoin Discussion / Re: Bitcoin virus on: July 11, 2017, 08:02:29 PM
What are you going to use that domain for if I may ask?

I've personally never even heard of that term and I don't think it's used very often, even for ransomware.
You've also got virusses/trojans that focus on getting access to your desktop wallet or replace bitcoin addresses in your clipboard to an address of the hacker.
3144  Alternate cryptocurrencies / Altcoin Discussion / Re: Design is important for ICO projects on: July 11, 2017, 07:57:26 PM
It's definitely something that will make your ICO look more thrustworthy, but the project itself and all of it's features are more important.
I'd rather invest in an ICO with a slightly worse design, but looks to be a better idea than one that has an excellent design that looks kinda shaky.

This is my personal top 3 of things that matter to me:
1. Content
2. Thrustworthy team - portfolio of previous projects (if any)
3. Design
3145  Economy / Gambling discussion / Re: Looking for partners on: July 10, 2017, 10:30:49 PM
OP, you're saying that you would pay the expenses of the scout?
So, I would be able to just say that I'm going to be your scout and need around 100 dollars to be able to get to the matches. What if I just keep the money?

You're going to get scammed again, OP.
3146  Alternate cryptocurrencies / Altcoin Discussion / Re: Where is the historical 'raw' data for all altcoins? on: July 10, 2017, 10:16:11 PM
@Vivisector999 : I see. In that case why do some altcoins start with a higher price initially? If all is in the hands of exchange(s) based on the supply/ demand then who determines the price on day 0?

PS: Do you mind if even PM you sometime?
It's pretty hard to find out how new coins get added on exchanges like Poloniex, I've found no information regarding the procces that takes place when a new coin gets added.
My guess is that once a coin gets added, people just start offering it at prices they deem acceptable and the market adjusts itself after a few days/weeks/months of extreme volatility.

The people selling the first coins must have calculated the expected value beforehand, taking the supply in consideration. That's just what I would expect, so don't take my word on it...
3147  Economy / Economics / Re: Who supplies us bitcoin? on: July 10, 2017, 10:03:14 PM
It looks like you need to read up on how Bitcoin actually works.
Faucets have never supplied any significant amount of Bitcoins to anyone.

Bitcoins are created by miners who basically verify a ledger in exchange for Bitcoins. If they find a solution for a mathematical puzzle that adds another block of transactions to the ledger (Blockchain), they get rewarded for it. That's how Bitcoins are created.

If you want to get Bitcoins, the best way to do so is just by providing a service and asking Bitcoins for that service. But that's just my personal opinion...
You can also earn Bitcoins by investing or trading altcoins on exchanges like Poloniex or Bitrex. 
3148  Bitcoin / Bitcoin Discussion / Re: Energy provider in Austria accepts BTC as payment on: July 10, 2017, 09:36:21 PM
A few years ago, people were saying if you cannot pay your utility bills with bitcoin, then it is not a real currency. We have seen more than one

company that allows you to do that now, so we are steadily moving forward towards mainstream adoption. I hope that we will seen more of this

type of news, as bitcoin adoption increase in the future. We just need to find a way to do this without using third party services.  Wink
Yeah, like you mentioned, the only way to pay your bills with Bitcoin is usually through third party services atm, but it's slowly changing.

Aside from this story, a town in Switserland has been accepting Bitcoin as payment for government services.
The trial ended in December 2016, but afaik, no results have been published. (could be wrong here)

Here's a link to an article about that Swiss Bitcoin payment trial:
https://www.swissinfo.ch/eng/business/crypto-valley_zug-first-to-accept-bitcoin-for-government-services/42143908
3149  Economy / Economics / Re: How can we push the actual use of Bitcoin ? on: July 07, 2017, 09:51:05 PM
A ton of topics have already been made asking the same question, usually the same options are given as you've just mentioned.

Sure, you could go around and ask companies to accept Bitcoin, but I'm not sure if that really helps much.
In the end, a couple of e-mails or tweets do not have a really big impact.

I'd say, let Bitcoin grow organically and don't push it too much on people or companies.
It's better if people find out about it themselves, though news or other sources.
3150  Economy / Gambling / Re: ★Crypto-Games.net ★ 9 coins ★ 7 games ★ Since 2014 ★ New - Litecoin lottery! on: July 07, 2017, 09:12:00 PM
I have a suggestion for a new feature to the website:
It would be pretty neat if it was possible to lock investments for a certain amount of time, perhaps for a fixed amount of time (1 week, 30 days, 3 months,...)

There might be some downsides to it, like people asking to reverse the lock in chat, but it would also be good for the website as there would be more long term investments.
For some people it would be really helpful to not be able to touch their investment.

Anyway, I just got the idea when reading through some posts about people having very little self-control, so I guess it's something a lot of people struggle with.
3151  Economy / Economics / Re: How to teach kids about Bitcoin? on: July 07, 2017, 08:53:15 PM
Well obviously, you do not teach kids about bitcoins and other stuff that involves complex procedures due to the nature of them. Teaching them these kinds of stuff will get you nowhere since what's important for them at this early age is their own happiness and the stuff that gives them satisfaction BUT there is always a way to teach them the basics. The idea behind is that you do not teach them directly about bitcoins but you teach them the proper attitude of handling money. For example, if they want to buy something like a toy or a candy, they need to earn it first by cleaning their toys' mess or helping their mom with simple tasks. It does not need to be hard but the idea is still there. It might be different from teaching bitcoins but it helps them properly handle their money and also by EARNING it. Once they have matured, then that is the time to exposed them to bitcoins. The good thing here is that before you explain them everything by investing, they already have the proper attitude on handling and earning money. The context might be different but the idea is the same.


This huge block of text sums up to: "Teach your kids how to manage money by making them earn it through small tasks." Really, though? Your kid has to clean the house before he can ever have money? Well congratulations to you for having small maids. Congratulations for having your very own slave. Kids aren't meant to do these things because they are just kids. They have to focus 100% on learning new things in life. Kids wouldn't appreciate what you're doing to them. At some point your kid might even think that he's being enslaved.

Your kid will grow up thinking that every thing has to have something in return. Once they helped somebody else, they would always expect money. Even when they are helping a friend, they will expect the friend to do something about it but life isn't like that. Life isn't fair. You do something good to someone, you don't know if he's going to pay back. Your kids will be devastated when they found out about that.
You wouldn't be paying them for everything though... It's not that bad to make them do some chores for their weekly allowance, it doesn't mean that they suddenly become your maids, that's a bit of a stretch imo.
It teaches the kid that having good work ethics is rewarding, which he would also benefit from later in life.

And they'll probably be better at managing their money because they've worked for it, seems like a good lesson to teach them about the value of money.
3152  Economy / Economics / Re: Cashless society on: July 07, 2017, 07:44:35 PM
In my opinion about this cashless society  means world  will have one monitoring person controler.If theres no more cash digital money will come out.And yes your right implants can be used for quick resultS to all global settlements.That in short we can have one currency,one technology that all nations will unite for a ONE WORLD GOVERMENT.

Agree. That is the downside of having a completely cashless society, and we won't be able to avoid this from happening in the future as banks and governments become more inclined in exploring the blockchain technology. Having a single global currency can be both good and bad, as it not only brings convenience, speed, and security, but it also gives full transparency to governments on every financial activity made on every region of the world.

On top of that, it would not only provide financial information of every person in the world, but also personal and medical information too living in a distributed inmutable ledger where records remain virtually forever. With the blockchain technology, all of this is possible, and if used in combination with AI and IoT, it will change our society in ways that we've never thought about before.

Only time will tell whenever this comes fast, or it will take many years to become a reality. Just my thoughts. Grin
If we are really evolving towards a fully cashless society, I wonder how the less fortunate people would cope with that.
I doubt that all homeless people would suddenly have bank accounts or the equivalent thing in the future, perhaps they'll resort to some sort of barter system or perhaps universal basic income becomes a thing too?
3153  Bitcoin / Bitcoin Discussion / Re: Meet The Man Traveling The World On $25 Million Of Bitcoin Profits on: July 07, 2017, 07:14:13 PM
Seems kinda strange to just forget about a $3000 investment, which makes me think that he might have been pretty well off before he made his big fortunes with Bitcoin.
I can ionly drean that something like that would ever happen to me, though I do have a few $100 worth of altcoins that I've almost forgotten about Wink
3154  Economy / Gambling / Re: 🌟2017's Best Bitcoin Gambling Site Award!🌟 on: July 07, 2017, 07:09:44 PM
It's definitely Crypto-Games for me, with all of the altcoins they support it has to be one of the only casino's which supports that many coins.
Also with the steady development and new games being added, it's one of my favourite casinos.
3155  Alternate cryptocurrencies / Altcoin Discussion / Re: Reputable altcoin wallets on: July 07, 2017, 05:12:52 PM
I can just recommend you coinbase for storing ethereum nothing less i dont keep my altcoins in a specific wallet i just put them all in a trading site site poloniex great they have a lot of wallet address for a specific coin good thing you can trade them you like.
Yeah, I agree with you. Just put it in the coinbase or in xapo wallets. Me too some of my altcoins were put in the trading site because I just want to know the value of each them and their current value.

I agree that coinbase is ssafe, easy and reliable the only thing is you dont own the private keys for your own coins for eth I would try metamask its real simple to set up and use its just a chrome extension and theres what I dont like it relys on chrome! I can remember everyone using internet explorer (not long ago) so something might replace chrome! but thats just me


and I know btc wasnt one of your coins but bitkey is well worth a look you make a bootable usb with it then you have an os (dont have to rely on any browser) a wallet and a few other bits and bobs, so for btc use bitkey...... should be there slogan lol
No online wallet is 100% safe, even Coinbase isn't and you're doing everybody a disservice by spreading information like this.
Coinbase is known for blocking people's accounts, just look it up on Google and you'll find many reports about it.

Electrum has a few wallets for some of the altcoins OP mentioned, I can recommend that. I also have my electrum Litecoin wallet on a usb.
3156  Economy / Gambling discussion / Re: What's your maximum win streak? (Dice) on: July 07, 2017, 05:08:13 PM
My biggest win streak on dice was a couple of years ago when I made 3 BTC with only a 0.1 BTC deposit.
I had a streak of luck for 12 consecutive rolls with only 40% chance to win.

After that, I lost some but I got up to 3 BTC with a final win with only 10% chance Smiley
3157  Bitcoin / Bitcoin Discussion / Re: Why is bitcoin the most popular cryptocurrency? on: July 06, 2017, 07:23:45 PM
I believe that they're popular mainly because well it was the first of all cryptocurrencies to be made.
You answered your own question.
There's more to it, I think, since there are other altcoins which gained some popularity right after Bitcoin was first released.
The difference is that they still lack the infrastructure around them, they have almost no merchants accepting them outside of the crypto-sphere.

You could say that Bitcoin is slowly losing its dominance, especially when you look at the market cap of Bitcoin vs altcoins (ETH), but that has more to do with speculation than anything else imo.
3158  Bitcoin / Bitcoin Discussion / Re: Sending bitcoin without the miner fees ! on: July 06, 2017, 07:17:13 PM
Question:

I use Paxful and the standard mining fee is 0.0008 BTC
Is that low or is that standard. Because that's what I pay on my other sites as well.

Also, sometimes it's fairly fast but sometimes It's slow.
I've not used Paxful in a while, but that seems to be an okay fee at the moment, maybe even on the high side.
There are currently *only* around 10k unconfirmed transactions and this is what fees are recommended:

Quote
The fastest and cheapest transaction fee is currently 330 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 74,580 satoshis.
Source: https://bitcoinfees.21.co/
3159  Economy / Gambling discussion / Re: What Is Your Worst Moment in Gambling? on: July 06, 2017, 03:15:19 PM
Mine is this one; https://www.izlesene.com/video/izmirdeki-at-yarisinda-talihsiz-kaza/9041898

In this video i can see my head at 0.20second. I live in Turkey/Izmir and almost watch all races at racetrack when horse races in Izmir. My ticket lost coz of this race. You must know 6 winner horse for big price i knew other 5 except this one. Milano horse name how can i forget this fu**in name.

Hope one day luck will knock my door too...





My worst moment in gambling was when I was using the martingale strategy to bet with bitcoins in a dice game. It worked fine for a while but then I had a string of something like 15 losses in a row and had to just quit before betting my remaining bankroll. That taught me that there is no betting strategy that will help your odds in dice.
I did not use martingale anymore because I also have a bad experience using that method, it will not work in dice game
due to house edge. Let's not abuse ourselves by believing we have a chance because the reality will always say there is none.
We can temporarily win but in the long run we will lose.
The house edge has nothing to do with martingale 'not working', martingale is also used frequently on roulette and roulette has an even greater house-edge than most dice games.

You're losing with martingale because you don't have an unlimited bankroll and big losing streaks are bound to happen to anyone who plays often enough.
3160  Economy / Economics / Re: Bitcoin in Economics class? on: July 06, 2017, 12:34:36 PM
I dont think they wont talk about btcoin in basic economics class because bitcoin is not too famous yet and bitcoin hasnt been too much influenced the world economics, maybe in next 5 or 10 years when bitcoin gained more popularity, bitcoin will be mentioned in basic economics class
Not sure if it has anything to do with Bitcoin not being famous enough.

Teachers have a set of goals they have to reach at the end of the year, something that's decided on a federal level.
It's going to take a pretty long time before someone decides to add Bitcoin to that.

But I'm sure that there are a few teachers who have and will mention it during classes, perhaps because the students themselves ask about it.
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