Ban signatures. Problem solved.
Sounds funny but really serious idea. Now that I think of it, most of the members here are aiming to rank up just to join signature campaigns where they can earn more pennies. They keep on posting just to reach the minimum posts for their campaign. theymos has already said that if Merit doesn't cure the shitposting problem this is the next step. I don't think there's much point coming up with alternatives other than that. Ban signatures. Problem solved.
^^ the man has it right^^^ Even though I wear a Sig now I didn't for years, no odds to me if they go and I am sure it would better the community, Although I can understand Theymos's reluctance as selling a forum with Xmillion users is more value than 100K users.. I'm in the same position, I've only had a paid signature for about 6 months. I think theymos's reluctance is also about the people providing content being able to monetise it. It is a unique place (AFAIK) that the contributors can sell advertising space rather than the site owner. But that generosity has been exploited badly. |
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I've got a few more details about the reduced awards algorithm I can share with you.
The algorithm for reducing rewards takes a combination of the balance, wager, lottery and jackpot spending to calculate the reward. Jackpot spending has a higher weight (4x) and the lottery has the highest weight (20x).
If you do not want to gamble you can keep a balance above $50 to not have reduced rewards.
Most users will not need to keep the full balance though because their gambling history is also added up to calculate.
New accounts have full rewards for the first 100 rolls to help them build up a history and then the algorithm is applied to them. So opening a new account might seem like it helps but it won't.
Additionally, the balance needed to have no captcha is $100.
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Hello!
I've been using your service for a couple months and i like it very much.
I too have been "downsized" to a few satoshis per hour. I never used any kind of bots, scams or whatsoever malicious intent towards the site.
My user id is: 12092843
Can you please check it? Thank you in advance! =)
There is nothing to check. We're not saying that you are using a bot or doing anything wrong. What we are saying is that bots have become increasingly sophisticated and difficult to combat and that has forced us to make some changes. There is now an algorithm that determines the level of reward. The algorithm for reducing rewards takes a combination of the balance, wager, lottery and jackpot spending to calculate the reward. Jackpot spending has a higher weight (4x) and the lottery has the highest weight (20x). If you do not want to gamble you can keep a balance above $50 to not have reduced rewards. Most users will not need to keep the full balance though because their gambling history is also added up to calculate. New accounts have full rewards for the first 100 rolls to help them build up a history and then the algorithm is applied to them. So opening a new account might seem like it helps but it won't. Additionally, the balance needed to have no captcha is $100.
So the less total free roll earnings you have on your account, the better. Because of the captcha, but also because of the gambling bonus.
This leads me to the conclusion that you should NEVER invest Reward Points on Free Roll Bonuses, but instead you should encash them. Sure, you may get more satoshi if you use the bonus and you roll 17+ times a day, but you get closer to getting the captcha again, and if you have a gambling bonus, you deplete it much much faster.
Maybe it's not intended, but if it is, why is it encouraged to get the least free roll gains as possible?
Very interesting point. It has been a while since my balance fell below the 2x no captcha requirement so I just checked with wetsuit and he tells me it is no longer there. I suffered from this myself as a long time customer I needed to keep a substantial balance to cure my reCaptcha allergy. I'm enjoying the extra interest though so I will probably leave it there. |
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Would this transform your perception of BFX?
Not really. I find it more informative about the progression of Bitcoin into the mainstream. Some countries are getting ahead in providing a regulatory system that is crypto friendly and exchanges are moving in. Malta is another example with Binance. In the long term, I predict that exchanges will face the option of adapting into full KYC operations in regulated markets or eventually losing out as traditional forex brokers start to introduce crypto to their platforms. |
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In some 3rd world countries, inflation is very high and you might get much higher interest rates than 1st world countries on your investments. I just used 10% as the highest percentage to highlight the difference between getting 800% in one year with Bitcoin and getting 160% in say 16 years from the interest that you could have received in a Bank. <huge difference, right?>
The difference is still highly in favour of a Bitcoin investment at the highest possible interest that you might get from the Bank. It would be interesting to see what would happen if you brought compound interest into the comparison, because the difference in profit would be less, if you kept the money in a fixed deposit over a longer period.
One other factor needs to be considered here and that is exchange rates. If you can get 10% on a bank deposit in a country the chances are that its currency will depreciate substantially against the USD over a 16 year period. So when making a comparison to the USD return on Bitcoin you need to calculate that as well. |
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You have missed important factor here is luck
Actually, I believe it is those that think in terms of $0.002 per hour that are missing that important factor. Freebitco.in is successful because it offers that chance to get lucky for free. |
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You offer a perfect example of what is called a non sequitur.
You offer a perfect example of someone who doesn't understand something so therefore thinks it is illogical. High price for genuine jewelry doesn't mean that people buy it for the purpose of investing.
I'm not saying they buy it for investment but that the choice of precious metals and gems performs that function. If they just wanted it for ornamental purposes why do they pay hundreds of times the price they need to? What I am saying is the reason jewellery has been made from gold since time began is because of its limited supply and therefore its function as a store of value. It is simply pointless from an economic view-point. Those who are investing in precious metals buy coins and bars.
Actually, serious investors will do it through ETFs as that makes much more sense if viewed purely from an economic standpoint. But again that misses the point. The only reason there is demand for gold through jewellery is because of its function as a store of wealth. Or do you seriously believe that when two people marry, they buy gold rings for investment purposes?
Do you seriously think that is what I'm suggesting? Note that I don't reject the fact that high demand for gold and low supply of it account for the high prices of this precious metal.
So you understand part of the picture. But the demand comes mostly from the glamor and personal adornment industry, but that has nothing to do with investing in precious metals.
And that industry only exists because gold acts as a store of wealth. |
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I'm sorry but that claim has little, if anything, to do with reality. People buy jewelry exclusively as ornamentations such as rings, chainlets, earrings, necklaces, etc. In fact, this is the very definition of jewelry. For investment purposes people buy gold bars and coins because jewelry is not very useful as a store of value. When you buy a piece of jewelry, the price of gold in it amounts only to a certain percentage. It is mostly craftwork, anyway. And if you decide to sell it, you won't be able to get the purchase price.
If that was true then imitations made with non-precious metals and gems would be valued equally. What I said is the reality. Gold derives its value from finite supply and the fact you can't fake it, just like Bitcoin. |
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Just for the record the image is now back to normal Yup, something weird going on. |
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how much time do you need to get 0.01 btc? Less than a second if you roll 10000 you'll get 0.02543267 BTC right now.... but of course, it's not worth it  |
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Hi,
Is there a support email id . Iam trying to reset my password . But the "reset password " link does not appear to come to my email id. Not sure which email id to send to . Any help / pointers are appreciated.
Send me a PM with your user ID and the email address and I'll pass it on to the admin. Edit: I probably should have said the obvious check your spam folder thing as well. |
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That account is clearly an alt account use to troll newbie, with huge amount of Merit waiting for it to be Merited from his Merit hog account.
It is a self-declared alt account and there is nothing wrong with that. There is something wrong with being so juvenile as to accuse him of intent to abuse merit with no basis. Grow up. |
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I thought it was you  Hourly updates to activity are probably something to do with cron jobs https://en.wikipedia.org/wiki/CronI don't think you are doing anything wrong here, just some people weren't sure if it was you or an imposter. Now you've come out, I for one hope you keep doing it. |
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Was not aware of this at all. Are there more concessions for even higher ranks ?
You misunderstand, there are no concessions. It is simply a case of moderators being assigned to certain boards. A lot of Newbie accounts are signed up by spambots so all moderators can zap any Newbie anywhere. Nobody gets any concession, it just means the right person to deal with it isn't around at the moment and it will get dealt with later. |
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When looking at any investment the reward is only half the story. All investments come with an associated risk. To make a meaningful comparison you instead need to look at risk/reward ratio. That is, of course, easier than said than done because risk cannot be defined as a simple percentage, it is to a certain extent a matter of opinion.
I'm long-term bullish on Bitcoin because I recognise that the potential returns far outstrip those of any other asset class. But I'm also fully aware that the associated risks are higher as well. The question I really need to ask myself is do I think those risks are correctly priced in? I think the market is underpriced, most people overestimate the risk, so I'm invested.
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Nope,my other reports are handled quite well.I just want to know why such posts (of the user linked above) are not deleted since they're over-used and spammed all over the services section.I could be wrong though.I roughly remember reporting his posts but don't think they were deleted.
It might be because the spammer has made it to Jr. Member. IIRC all moderators can delete Newbie posts but for accounts above that, it must be the moderator assigned to that board or one of the 4 Global Moderators. So it might just be that the moderator of that board isn't around and globals are too busy. |
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There is no censorship here. Posts are deleted because they broke the rules, that usually due to being off-topic or just having no value.
I disagree with you.It is not direct censorship but adds restrictions to express one's opinion.The post might be of no value to you or the mods but that doesn't make it completely invaluable.Having said that,this is a private forum and users must comply with the rules while using the service so deleting posts which are against the rules is totally okay. Can you give me an example that fits this definition? https://en.wikipedia.org/wiki/CensorshipCensorship is the suppression of speech, public communication, or other information, on the basis that such material is considered objectionable, harmful, sensitive, politically incorrect or "inconvenient" as determined by government authorities or by community consensus.
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There is no censorship here. Posts are deleted because they broke the rules, that usually due to being off-topic or just having no value. Posts are never deleted because the content is disagreeable to others.
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You might want to move this to the altcoin section where someone who cares about mETH might see it.
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