Now, I was thinking... Why has Freebitco.in not jumped
onto the Lightning Network yet? The Lightning Network really isn't ready for enterprise use yet. It's still in the testing phase and even the protocol has limitations on how much you can fund a channel with because the developers don't want anyone to risk larger sums until it's proven secure. I'm certainly watching what is going on with interest though. |
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I wonder where I got that idea then. It must have been somebody else posting in one of the threads.
There are at least three signature campaign managers that are sources so that indicates it isn't a restriction. I didn't know about the 0 merit restriction. That sounds like a good idea.
theymos changed Jr. Members signatures to not be able to have clickable links in them about 3 or 4 days before merit was introduced. In retrospect that was a clue something was about to happen. Effectively 10 Merit is the minimum requirement to get into a signature campaign, although some of the scammy ICO campaigns just let them in with a text version of the URL. LoyceV would make an excellent source and I hope he gets added soon. |
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All exchanges are already supporting, hitbtc, coinex, coinroom, btc-alpha, octaex, coinroom.. everyday new exchange.
Are there any serious exchanges supporting it? I can't imagine that Bitfinex will and the fact that they haven't announced it would seem to confirm that. |
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It wasn't the trusts, but the trust of trusts that I mentioned It was the IOS scam, it made some of the salesmen millionaires. I found this link about it.
Fair enough, I didn't realise you were referring to a specific case. I've worked in investment banks and known very successful investment trust fund managers that consistently outperformed the market. The main thing I noticed was how they relied on a small team of people they could trust to delegate the majority of the work to. I think that delegation to more merit sources would improve how this system works. It's not that there aren't enough good posts but that there aren't enough people in a position to reward them. |
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interestingly enough,2fa emails from freebitcoin are going to spam folder now
using gmail,no idea why is that
Yeah, Gmail is a real pain with that. as for the changes,seems like I haven't gambled enough or had enough on my balance for it to go back to normal
wonder how much does one have to keep on his balance for it to go back to normal?
$50 is the amount that will make it go back to normal even if you never gamble or buy lottery tickets. If you do those things then it will be an amount less than $50. |
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This is a bit like the old investment trust scam. A guy started an investment trust on the premise that by investing in investment trusts, investments would be more secure. All it did was to introduce another level of charges, as most investment trusts invest in the same stocks, so you aren't spreading the investment risks.
You must be looking at the wrong investment trusts. A good investment trust manager spends time meeting the CEOs of companies and thoroughly researching them before investing. So how does that relate to merits? There are only a few posts that are merit worthy, by increasing the numberof merit sources, all you will do is to increase the number of merits chasing the same posts. The real solution is to improve the quality of posting,and this is why I have tried to start some English language improvement projects.
I see plenty of posts that deserve merit but I don't have enough to give to all of them which means I have to be a bit stingy. There are lots of different areas of interest here and different people get involved in different conversations. By having only 80 Merit sources that puts an onus on them to go looking around for posts to Merit. I think that decentralising it more would be an improvement on where we are now. |
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EDIT: Sorry for wasting everybody's and my own time. I didn't know I was that stupid not to click on Merit link in the profile tab.
Admin / Mods can delete the post if they wish to.
Rather than doing that just use the lock thread link at the bottom left-hand corner. |
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Just to finish up for now, the provably fair system is simply perfect, even I can’t come up with a better system, so, no doubts here, the problem is how it’s used in combination with other factors…
That's not what you said before. please read again, specially the EVEN part how they can cheat even using provably fair system Provably fair means you can prove to yourself that it is fair. It is not possible to cheat that system. Or to put it another way, you are talking bullshit. |
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@TheQuin
As I would expect from a moderator or any other official, you responded in an objective and neutral manner, congratulations.
You made a slanderous claim that our site was cheating. I responded in the manner it deserved. I could keep on writing a couple of pages here, but what’s the point?
I'm happy you worked that bit out. Just to finish up for now, the provably fair system is simply perfect, even I can’t come up with a better system, so, no doubts here, the problem is how it’s used in combination with other factors…
That's not what you said before. |
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Jr. Member Mikolo11132As Vitalik Buterin, the 22-year-old programmer of Ethereum, explained it at a recent DC Blockchain Summit, in a smart contract approach, an asset or currency is transferred into a program “and the program runs this code and at some point it automatically validates a condition and it automatically determines whether the asset should go to one person or back to the other person, or whether it should be immediately refunded to the person who sent it or some combination thereof.”In the meantime, the decentralized ledger also stores and replicates the document which gives it a certain security and immutability.
Source: https://medium.com/@pakanatoliy1974/as-vitalik-buterin-the-22-year-old-programmer-of-ethereum-explained-it-at-a-recent-dc-blockchain-f2ea73f36178 |
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Yes I know it. This is what I mean, if you look the graph:
04/03/2018 10/03/2018 8468 1st week of March
11/03/2018 17/03/2018 7278 2nd week of March
18/03/2018 24/03/2018 7378 3rd week of March
25/03/2018 31/03/2018 5883 4thd week of March
01/04/2018 07/04/2018 7525 1st week of March
08/04/2018 14/04/2018 5778 2nd week of March
As we can see (3 days delay) the merit is lower every weeks on this month, and if this is the trend, next month will be worse.
I think to contrast this we need to increase the merit sources or to increase the merit for the current sources.
I agree on the quality of the forum, but I think we need a little adjusment on overall merit to counteract this process or in few months we can have only 2k merit/week (my personal idea)
I guess that must mean that the merit sources overdid it when the system was first introduced and gave too much out at the start and then cut back later in the month. Now this gets replicated each month as they get replenished. I would think that effect should even out given enough time. As I just suggested I think some of the sources have a hard time finding enough posts to merit so adding more sources would be my preferred solution. A lot of them are busy with other things and can't be on the forum full time so it would be better to share the workload out. |
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Merit is slowly dying, this is only the second week of the month, this means the Merit sources already have the charge from last month sMerit sent.
That's not how it works. Merit sources get refreshed 30 days after they spend a source merit. What do you think about it?  I think the forum is slowly becoming a little better. There's a reduction in active accounts. Vod's site, unfortunately, got hacked but the number of active users according to his definition has reduced from 950k to 850k. So it is working on keeping the account farmers away at least. There probably needs to be quite a few more merit sources as I think there's too much work being done by too few people in that area. |
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Smart contracts may be Ethereum's thingy, but it's not exclusive to that... one of my very earliest posts in this forum was because I was curious about Bitcoin and smart contracts, and someone pointed me towards projects (can't recall which) that already successfully used smart contracts on bitcoin.
That's the Omni Layer https://www.omnilayer.org/It's used for Tether and other things and I *think* it was around before Ethereum and ERC20 tokens came along. |
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Oh okay... so it is normal that I'm getting half reward. Alright. Thanks.
uhm.. can I ask another question?
How did I get this status of getting half rewards? Was it actually due to my use of rewards points? (I was getting full rewards before I used rewards points). Also, how do I get back to full rewards status? Do I just use the site normally and I'd get to full rewards over the course of time? or do I stop visiting for a while?
We made some changes. https://bitcointalk.org/index.php?topic=320959.msg33256576#msg33256576https://bitcointalk.org/index.php?topic=320959.msg33423133#msg33423133In simple terms, we had to halve the reward to make it unprofitable to run botnets but if you gamble, buy lottery tickets and/or keep a higher balance then it goes up back to the old level. I don't think it was due to using RP but you'll get more value from them if you get back to full reward first. |
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Hi Good day!
The other day I used some rewards points to increase my free roll btc by 100% and also to get 10 rp per free roll.
The lowest free roll payout was 25 satoshis. However, i only got 40 per roll. I thought that was normal or that it was due to the price of bitcoin.
It kept lowering gradually. To 38 then 36 then 34. Now the bonus has expired and the lowest that shows on the free roll is at 16 satoshi.
But on the upper box it says "14.6469% achieved towards the next +0.00000025 BTC bonus."
Also I checked the bitcoin price it was still at around 8000usd. roughly same as when I started to apply the bonus.
I thought that this was probably something to do with that reward bonus and that it would just correct itself after a couple of hours.
But last time I had a free roll it was at 16 satoshi and at the time of writing this it still says 16.
I tried searching if anybody had the same experience but I couldn't find any.
Is this normal? Is it really due to the free rewards? or is there some kind of glitch?
The price of BTC has just shot up to $8424 and the base free roll is 24 sats right now although it could change before I finish writing this post. That would give 12 for half reward. It's probably best to work on getting back to full reward before using the RP bonus. |
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Has he stopped posting charts entirely?  From his trust wall it looks like the account has been hacked and is now inactive. |
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Its a 'she' I do apologise |
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TheQuin is freebitcoin forum dude now... what happened with myfe? Or am I imaging things and he is just a construct of my imagination  We were wondering the same thing. Now we know that some sort of new token is going to be incorporated with the site mechanics, instead of RP maybe?
How safe the transitions is going to be? Are our ref's and most importantly deposits at risk during the process?
Any updates about when THE update is going to start?
Wetsuit is working on something else at the moment, a surprise addition to the site. I'll tell you about that when he sends me the screenshots he's promised. Then he's expecting to start work on the rebrand around June. I can't give you any more details about that as nothing has been decided yet. Of course, making the transition with the minimum disruption along with securing your deposits and referrals are our priorities. |
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