Aye, I am in agreement. It sounds great. It's familiar with people too. We are used to using credit cards to transact with. Making something that fits in your wallet that functions well and securely will be a big deal. I read that it will work outside of the blockchain though, which I am not too sure about, but I am intrigued for sure.

Thanks for sharing BitSIM, I shall have a google. Do you think it will be useful outside of Africa?

Personally I only tend to text message my wife, my mum and the fish monger. Very seldom do I text others. Is that the kind of thing it is? Like whatsapp but decentralised? Also, what are 'air drops'?

Yeah, I hear this a lot about Gemini. I dunno though. The exchanges that I have used seem pretty good. All that needs to improve for me is being able to instantly credit your exchange account with FIAT with zero fees. Will it be able to do this? All I hear is that it will bring an air of respectability because two guys who were represented poorly in the movie, 'The Social Network', are behind it.

meh

Hmmm. For the first time I just looked up maidsafe. It sounds good. It's one of those things I think I'd like to try out. Hopefully not too long before I get the opportunity.

Where is here?

I know there are different ways to purchase them, but none of them are ideal. Presumably openbazaar will have a function when it is first released to display BTC prices in the users local FIAT currency. Say a pair of trainers pop up for £50. Now a UK user that is completely new to bitcoin has a few options, he could go to somewhere like localbitcoins.com and purchase £50 worth of bitcoins for £52.50 and make his purchase that way, or he could send £51 or so over to an exchange and make a purchase that way, but this way he will face bank charges and days of waiting for his funds to clear.

Now perhaps £52.50 would still be cheaper than this user could get the trainers from elsewhere and he may decide to proceed with the purchase. What I am saying though is that a lot of people could be turned off due to this as it may be viewed as cumbersome.

Betfair sportsbook have put their odds back to 2.0 so the original calculations still apply.

I can understand that fairlay will function in this way but i presume that if there is a bonus involved the book will be monitoring wagering before a withdrawal is allowed.

I wish you the best of luck with fairlay, I have not heard anything I dont like so far.

Hello fairlay

Thank you for getting in touch. I have heard about fairlay previously but i didnt look very closely at your site. I am impressed that you claim to have excellent liquidity, I wouldnt have expected so, I should take a closer look. What commission do you take? Do you take commission from winning bets only?

To be honest I am very cautious about betting with bitcoin. Its not that regulation makes me feel safe, its that reputations are thin. I get no pleasure from betting small sums and if i risk building up a balance at a bitcoin book I am going to get nervous. Bookmakers are known for having a disliking for arbers and advantage players and in my experience all bookmakers are bastards. There is no sportsbookreview or anything substantial out there as far as I can see that will put any weight on bitcoin sportsbooks acting unfairly.

Where do you stand on obtaining a UK gambling license?

Sy answered this exactly right. If you cant prove your ID come withdrawal time they will just keep your funds.

In short, I dont know, but this is the third similar query I have had regarding this. If I find one I will let you know. In the meantime if you come across an offer that you are eligible for in your country let me know and I will take a look at the terms to see if I can help.

Bitcoin clearly needs to fly first for openbazaar to take off. In my country to get bitcoins instantly you need to pay 5% above the market rate. Will people do that in order to use OB? I dunno. I think only bitcoin fans and those who like tech and probably those that hodled before the last bubble and others before the next bubble (if it ever comes).

You may get a few that decide to use it because it works out cheaper, but i think that a lot of people wont want the math problem and will dismiss the option as they find the process too cumbersome. I am not sure how how to get over this hurdle. Just keep talking about bitcoin i guess.

I assume there are a number of ongoing projects under development that I have not heard of. Which projects do you anticipate will be great for the bitcoin community once they are released/completed?

The ones that I have heard about are

• openbazaar - seems really cool
• mycelium bitcoin card - i would like to see this in action
• the twinkletoe twins exchange - meh
• ethereum - not really sure what it is. Is it an alt coin?

Tell me what you are excited about for the bitcoin community?

Thanks for clearing that up.

They all blocked your IP address specificly?! Jeezus thats crazy. Are you on a static IP? I know that you could work around it with a VPN but that seems quite a message.

I think the saying goes, "They are out in force".

Did you say this as those websites have chosen to restrict your access from you UK IP address or did the Gambling Commission communicate something to you directly?

Hiya. Thank you for your query. It is possible that Betfair offer different promotions to different countries and if they do you will most likely be able to profit from them. As I am from the UK myself and I am already familiar with a lot of welcome offers targeted to UK customers I am aiming this giveaway offer to other UK citizens as I feel I can do this comfortably. In this instance this offer is available to citizens of the UK and Republic of Ireland.

If you come across a gambling site with a welcome bonus that you are eligible for in your country, then I am happy to take a look at the terms and conditions of it for you. If I feel it is profitable, then I may be able to help you for a fee. Please let me know if you have any such queries.

I have noticed that Betfair Sportsbook have increased their odds from 2.0 to 2.05. This is favourable and you can continue using the calculations already described. All it means is that if Germany (w) go on to win, you will make a little more money than I have calculated. If they draw or lose then you will make the same amount which I calculated in the instructions quoted below.

It's possible that some books will, but I know for sure that the terms and conditions for the betfair bonus is restricted to UK and Republic of Ireland only.

Questions welcome. Thank you for reading.