This exchange looks shady as fuck. Zero fees, resurrecting dead coins (which can be forked even with old, obsolete hardware), not even a registered business and yet they're mumbling about 'developing partnership with banks'. I'd stay away from this one. |
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The 10% I mentioned btw is on investments. And thanks for the response.
It's actually a commission on every bet, and it's 10% of the house edge, so for 0.5% HE bet, the commission is 0.05%. In other words, it's 10% of expected profit on each bet. |
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Can someone explain this noob in layman's term "confirmation" on withdrawals? Also, how much are the charges? For instance I prefer to invest, the 10% charge is fix or withdrawal fees still applies? Thanks.
When you deposit, your balance is available for you to play/invest after one confirmation. But if you wanted to withdraw immediately after depositing, your initial deposit transaction must have more confirmations (I'm guessing 6, but not sure on that). Just a security measure to prevent double spends etc. There is and was no such thing as 10% charge on withdrawals. You only pay the miners fee. Where did you get that from? |
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...would It be a profitable idea?
No. But on the second thought, if you put on a nice suit dorky t-shirt and glasses and hype it the right way (use 'blockchain tech' term a lot) you could probably get some $$$ off the JV investors. They don't seem to care too much about viable revenue generation models. |
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There should be regulations put in place ensuring that all exchanges have insurance against hacks.
If an exchange is hacked, customers will be refunded by the insurance company.
That would be great, but costs of such insurance would likely be huge (if it was to cover 100% of customers' deposits) and those costs would be pushed on to customers in the form of higher fees. And if the hack happens it would probably take rather long time till insurer actually pays out. Maybe it would make more sense for large exchanges to build up their own fiat money reserve designated to cover losses of potential hacks. |
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I suspect that @busoni does insider trading. Can anyone with the US residence report to SEC about him and poloniex? So they could check him and the exchange.
I'm pretty sure you don't have to be US citizen to file a complaint with SEC. You'd probably need some sort of evidence though, other than your suspicion. |
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I have been thinking about this and thought to put it here what's on my mind.
Just think that if some other altcoin has the potential to take place of bitcoins, like people are talking about Monero to take its place because of its privacy and security, what would happen to bitcoins? Is there any altcoin currently which can do this? And if yes, what would be the effect on bitcoins?
The best argument I heard in the past was, that when certain altcoin gains a lot of popularity because of its unique, superior features, then you could just implement such features in Bitcoin. But after seeing Bitcoin devs not being able to agree on something as trivial as blocksize increase, many no longer see the above argument as viable option. |
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Anyone else having issues when logging in? I often have to enter log in details twice, after first attempt page is just refreshing (no error messages etc) so have to do it twice.
Happens most of the time with IE 11
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So what's the difference (other than cultural) between killing dogs for consumption and killing cows/pigs? All of those animals have brains capable of feeling pain/stress/trauma.
I'm sure there are people in India disgusted by 'westerners' slaughtering cows. Why would you expect Chinese to abandon their tradition and adjust to western ones?
Are you advocating for complete ban on dog meat or just for 'humanitarian' killing?
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... we are tempted to divest and gamble the money in the end.
yeah, tell me about it... I got burnt few times by divesting and gambling just to get my investment back to the nice, round amount. |
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AM FADA THERE . GO THERE AND CHECK FOR ANY DETAIL U NEED
I don't see any details of admin "refusing" your withdrawal. All I see is 'fadaa' with less than 7btc profit... |
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IF YOU ARE A HIGH ROLLER, AVOID THIS SITE BY ALL MEANS, I AM FADA THERE. I WON 25BTC AND THEY REFUSED TO PAY ME.
AVOID IT OR PLAY IF YOU ARE READY TO RISK YOUR CASH.
Refused? Provide more details |
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today i tried to withdraw and i got a message saying that the action couldīt be completed because the "hot wallet was empty".... what does it means?  that the site doesīt have the liquidity to pay the earnings??? It means what it says. Hot wallet is empty. Admin needs to transfer funds from the cold wallet to hot wallet. Nothing to panic about. It's a standard practice to keep most of the funds in more secure cold wallet, meaning the hot wallet (which supports deposits/withdrawals) will sometimes run out empty. Thanks for the 411. But may I know how long does it usually take? It's been like 12 hrs now. It's best to email the admin first: safedice@protonmail.ch and ask him to refill the hot wallet. He may not even be aware that it's empty. And have in mind that this site (like most of dice sites) is not a full blown business with dedicated CS team working 24/7, admin could be simply busy with other things, so give it a bit of time. |
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today i tried to withdraw and i got a message saying that the action couldīt be completed because the "hot wallet was empty".... what does it means? that the site doesīt have the liquidity to pay the earnings??? It means what it says. Hot wallet is empty. Admin needs to transfer funds from the cold wallet to hot wallet. Nothing to panic about. It's a standard practice to keep most of the funds in more secure cold wallet, meaning the hot wallet (which supports deposits/withdrawals) will sometimes run out empty. |
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ok, I didn't know about this leak today. that doesn't look good. Nevertheless, I don't believe that giving a negative trust to campaign participants would solve anything: they are (as myself for example) not related at all to the site, and have no influence or involvement in how such a site runs their business. I bet that in most cases people are attracted to a campaign because of the possibility to earn BTC, not because of how good or bad the site is. Hands up who thinks differently, I bet there won't be more than just a few, if at all. It is like saying that people using Bitcoin are knowingly promoting crime, because someone bought drugs or weapons using Bitcoins. It is very easy to call for group responsibility without actually addressing where the real issue is.
It is a bit of moral dilemma whether participants should be held accountable for the actions of business they're promoting. Personally I don't think that "I'm only here for the money" is a good excuse for promoting dishonest/scammy business. Then again, participants may not even be able to judge whether accusations are legit and if so, whether it was intentional or just a result of mistake or incompetence. I would be in favour of giving negative trust (with prior warning) to participants who continue to promote straight-up scams, i.e. when the business operates with the main purpose of scamming people, but I have mixed feelings about doing the same if the promoted business was likely set up with good intentions, but keeps failing on issues like customer service/security/dealing with personal data etc. Perhaps setting "I'm not endorsing advertisement in my signature" as personal text by participants wouldn't be a bad idea... |
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One question. I noticed that betcoin.ag campaign is marked with a red star for the last month or so. What is the reason for that?
From my observation, as the member of this campaign (not related anyhow to betcoin.ag company) since the very beginning, i.e., for the last 9 months, the campaign has never had any problems with payments. All payments were delivered timely and in full as stated. Therefore, it seems strange to me to mark this campaign as not recommended, as from the signature campaign perspective it is a very reliable one and the one with the highest rates, to date.
PS. I am aware that there was an issue with a user playing poker at betcoin.ag, but as far as I remember the conversation that user has been reimbursed on his claims and thus this should not longer be an issue.
I don't want to take sides in this battle, as I do not have enough information to judge it properly. Personally however, I believe that this matter (if at all) has/had very little to do with the campaign as such and should be left out of scope of the discussion in this thread.
Not entirely sure, but it's probably related to Betcoin having shitload of unresolved issues and scam accusation. And since every participant is knowingly promoting this site, they could end up with negative trust rating. Just today some guy popped up leaking Betcoin users personal info, as they refused to pay him the bounty for finding vulnerability: https://bitcointalk.org/index.php?topic=386266.msg15936400#msg15936400 |
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We wrote a review for SafeDice that can be found here - http://bitcoingamblingreviews.com/safedice/If you are a player of SafeDice and feel we missed anything or you want to write your own review/comments on our site, there is the option to do so on the page.  Nice review, but the below doesn't seem correct: So whenever a player bets with expected winnings to be less than 0.25% of the bankroll the house edge will remain low at 0.5%. Now if the player wants to place a bet where the winnings are 0.5% of the bankroll then the house edge will [missing "be"] 1%. Then if the player wants to bet where the winnings will be greater than 0.5% of the bankroll a linear increase of the house edge will apply. This can be seen in the picture to the left.
As we stated earlier and as the bankroll is only around 100 Bitcoins at the moment it is unlikely that big high rollers will come in as the house edge on betting over 1 Bitcoin at a time will likely exceed 1%. However for the smaller Bitcoin Dice players, We do not see a better site to be wagering on at the moment. placing 1 btc bet (at 2x multiplier) shows HE of 0.5216%, despite the winnings being over 1% of site's bankroll. You could also add that players can see what the HE is before each roll (visible below 'payout' box). |
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Try using purse.io buy something on buyer's behalf and get paid in BTC. You'd need to offer some discount though.
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Hi, in light of the encryption on whatsapp these days is it safe to send a privkey to a relative who needs it?
There's always a risk of sender's/receiver's device being compromised, so even if whatsapp itself is secure you can get your privkey stolen. But why send the key if you could just transfer bitcoins to recipient's own wallet/cold storage? |
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