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4861  Economy / Gambling / Re: directbet.eu pending bets on: June 13, 2017, 08:01:39 AM
Hi geoffreyqp,

Thank you for betting at DirectBet.

Your bets have been settled and paid.

Please feel free to contact us if we can be of any further assistance.

Awesome. I just wanted to say here that I feel like you guys being gone just makes a whole lot of difference in the bitcoin sportsbook world because honestly you had everything that a sportsbook is supposed to have but rarely does. Fast deposits, almost instant settlement, flawless support and always a fair judger. Awesome giveaways all year round as well for the users.

Really sad to see you guys go, i hope you can make a comeback sometime soon in the future. And good to see that all past bets are being settled as well, always nice to see that.
4862  Bitcoin / Bitcoin Discussion / Re: Bitcoin may not be number one for long on: June 12, 2017, 09:23:36 AM
I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.

What made you think that the bitcoin split is going to impact bitcoin so greatly? I think you are forgetting the fact that Ethereum has its own problems to deal with, namely Ethereum Classic. I still don't understand to date why the hell they even attempted to essentially reverse the ethereum network. That was an extremely stupid move.

It's not very credible either when the founder of Ethereum is shilling on twitter. https://twitter.com/VitalikButerin/status/873536653331095552. Trying to scare people into not using bitcoin. Without bitcoin, ethereum wouldn't have existed. Simple as that. Remember 4-5 years ago when peercoin and namecoin were still popular? Yeah.
4863  Economy / Currency exchange / Re: Have $20 Payza want Bitcoin on: June 12, 2017, 06:34:33 AM
Hey all!

I currently have $21.05 in my payza balance that i want to exchange into bitcoins. I'll pay the payza fee so when the funds actually hit your account it'll be somewhere around $20 minimum, perhaps even more.

Looking for a quick and smooth deal here. I don't mind paying a premium but please don't give me a heart attack with your percentage Wink

Please PM me asap if you are interested. If you have higher rep than me i'll send first, otherwise we use an escrow or you send first.

Thank you!
You can exchange with me you will receive 19$ for 20$ payza, and send first, if you agree then pm me.

Hey, sorry i was offline.

No, i can't send first. But I agree to your rate.

If nobody else fills this in the next hour and accepts to use escrow/send first to me then i'm just going to go ahead and close this, as i just found a site that would allow me to exchange it to paypal without verification.

Thanks all.
4864  Economy / Economics / Re: Bitcoin's price is so volatile right now! Why should I even hold? on: June 12, 2017, 12:54:09 AM
The popularity of bitcoin is due to its volatility. The worth of bitcoin is increasing with the passage of time as you compare the past few years with today. If the price goes down best way is to hold your bitcoin until the price rise again, because I am sure the price will continue to rise as in the past and current year.

Actually - no. If bitcoin was a lot less volatile than it is right now i believe that it will achieve even greater popularity. I think that you're assuming that even in the short term bitcoin is able to achieve fabulous results all the time. That's not true. If you buy in at the all time high and sell when the crash happens then it's obviously not a good short term investment to make.

OP, with the benefit of hindsight the price of bitcoin itself have answered your question - the price has went up some $1500 between the original post and right now. Holding is a good strategy if you're not planning on trading, and you just want to have something locked away for your investment. Holding might not be for you if you're worried about short term fluctuations.
4865  Economy / Service Announcements / Re: [ANN] ChipMixer - mixing reinvented on: June 11, 2017, 11:41:11 PM
Chipmixer really seems to be killing it at the moment. I can see that forum advertising looks better with the new design and the new sig code designs look a lot better as well.

ChipMixer's pre-funded chips and balance holding model makes using bitcoin (or any coin) mixers more approachable and useful for mainstream businesses. In fact, if more press got out on how this service can benefit different industries we could see this new approach to an old service contributing to general adoption of bitcoin.

Here's a few examples of how ChipMixer's approach can help any community:
  • Charitable donations, particularly those of a large size where the donator wants aboslute anonymity; All the charity needs to do is set up a ChipMixer account
  • Political campaign funding, where the competition between parties/candidates may lead to keeping their funding available for the campaign a secret

What other examples do you all have?

Agreed. This model works a lot better than just sending coins to another address and expecting something in return. It also ensures privacy as the funds that are in these chips must have been there before the mixing occured, meaning that you don't need to worry about the mixer not actually mixing your coins.

Your ideas are great, but Chipmixer is not going to target donators/campaigners just yet, because virtually none of them even know how bitcoin works. But if you want to keep your personal invested bitcoins private, having a few chips or sweeping the mixed chips into several secure bitcoin wallets will offer you tons of extra security/privacy that isn't able to obtained with bitcoin alone.
4866  Economy / Speculation / Re: What is the Reason for increase of the Bitcoin? on: June 11, 2017, 11:24:58 PM
What is the Reason for increase of the Bitcoin?

Main reason is because whales want to get into bitcoin. Capital controls are tight in certain countries like China and Korea and therefore people are prepared to take a risk in assets that allow them to get away from government agencies that constantly monitor their wealth. I disagree with people who say that it's just hype and speculation. I believe that it's actually people discovering that bitcoin is a good way to store their wealth, and actually buying into it.

Proof? Korean and Chinese btc prices are always on top of the USD price because of tight money controls. I know that the korean markets have slowed down but if you look on localbitcoins the chinese buyers/sellers still trade at a high premium of 10% at least. And the USD rate is a bit lagged imo so it'll follow the trend of these exchanges. I'm not saying that none of this is speculation, probably a lot of it is. But it's not all speculation either.
4867  Bitcoin / Bitcoin Discussion / Re: Do you own your private keys with Desktop Wallets? on: June 11, 2017, 11:15:25 PM
From what I have heard Desktop Wallets are supposed to be good because "you are in control of your own keys". But I have never seen a private key when I have downloaded a desktop wallet. Sometimes you get to make a seed, which I think is the same thing (?) , but often you only get to backup a file. Is that file your private key then?


Yes. It doesn't even necessarily need to be desktop wallets. Even blockchain.info allows you to get your own private keys, export and import new keys into your wallet and sign messages. The only wallets that won't let you do that is the wallets that i call exchange wallets. These include coinbase, coinjar, btc.com wallet etc. They don't let you control your own keys because your wallet is essentially a claim of their total bitcoin reserves.

The seed i'm assuming you're talking about the 12 word mnemonic that you copy down when you get a new wallet. There is no need to store the private keys if you have that because the keys are derived from that mnemonic. So you're somewhat still directly in control of your own keys. Either way, using a wallet which allows you to create and control your own keys is a good habit to get into.
4868  Economy / Currency exchange / Have $20 Payza want Bitcoin on: June 11, 2017, 10:57:06 PM
Hey all!

I currently have $21.05 in my payza balance that i want to exchange into bitcoins. I'll pay the payza fee so when the funds actually hit your account it'll be somewhere around $20 minimum, perhaps even more.

Looking for a quick and smooth deal here. I don't mind paying a premium but please don't give me a heart attack with your percentage Wink

Please PM me asap if you are interested. If you have higher rep than me i'll send first, otherwise we use an escrow or you send first.

Thank you!
4869  Economy / Economics / Re: Will third world country hold their foreign reserve in bitcoin against Dollar? on: June 11, 2017, 10:47:36 PM
Most of the third world country hold their foreign reserve  in dollar. Do you think any of these third world country will accept Bitcoin and equally holds their foreign reserve in bitcoin instead of dollar form? In your own opinion what do you think will happen to such economy both in terms of positive and negative effects?

I wish that countries can hear this man. The problem right now is that third world countries are mainly exporting countries and are not importing - which means that the US basically buys everything they produce and pay in newly printed US dollars. This is a big problem and creates basically a dilemma.

The exporting country endsu p with a pile of paper, and if they decide to sell this currency then it'll make their own currency worth more and the US dollar worth less. This isn't what they want, as they don't want to inflate the price of their own currency to make their products less competitive nor do they want the rest of their US dollars to be worth less.

By buying into bitcoins, they're not making their national currency worth more which means that their exports stay competitive. They will also hold something that is decentralized and a great store of value.
4870  Economy / Speculation / Re: what happens to bitcoin when the ico thing gets hammered? on: June 11, 2017, 10:43:40 PM
Don't need regulators the market can fix itself. Free markets man. Eventually people will be burned by the dodgy ICOs and the house of cards will crash down. People that get burned investing in shit without due diligence deserve their losses.

Agreed completely. If people don't do their own due diligence then it's their fault.

Crowdsales can go both ways. Most out there are there to only benefit the creator of the token but there are some that are worth a buy. For example for those people who invested in the lisk or Ethereum ICO they were rewarded with pretty good results.

I don't think that the SEC will do anything to stop this. Volume is way too low for them to care on a grand scale. You don't see ICOs raising even 100 million dollars. But if they were to shut the whole ICO thing down it'll actually benefit bitcoin price in my opinion as more of these shitcoins gets killed off and more people invest in btc instead of alts.
4871  Bitcoin / Bitcoin Discussion / Re: Bitcoin is still faster than Paypal. on: June 11, 2017, 10:40:12 PM
This is not even taking into account the fact that paypal does 21 day holds all the time, and when a dispute is filed against you your account blaance can actually go into the negatives which is pretty scary just hearing stories of it from other paypal users.

It should be clear to anyone that is currently planning on using paypal/uses paypal already or in the past that bitcoin is vastly superior to paypal, especially if you are a seller. Even though you might be paying higher transaction fees right now you are still buying yourself an independent currency that you can send without additional conversion fees, and you're also using something that is 100% irreversible. As opposed to cough cough paypal.

Wait what. It takes 1 business day because of your bank, not PayPal. Try transferring money from one PayPal account to another. It goes instantly, with no fees. We all know bank transfers are slow and may take 1 or 2 business days because of reasons I don't know.

What about the holds that paypal has, frozen accounts and all that jack? Any explanation for that?
4872  Bitcoin / Bitcoin Discussion / Re: We currently don’t believe that all bitcoin exchanges will be cut off from USD. on: June 11, 2017, 10:32:57 PM
A medium of exchange doesn't need to be for fiat. As long as you can be able to put your wealth into bitcoin and say that i can exchange this for another good, it's a good medium of exchange.

I understand the worry but really there is no reason to worry about this at all. If banks don't like bitcoin(they never did in the first place) and discontinue their service to bitcoin exchanges, then bitcoin exchanges will think of clever ways to combat this. Traders could move towards more p2p modes of exchange. It'll be absurd for a bank to shut down all of its bank accounts with bitcoin associations because there will be so many and it'll be a waste of effort for them.
4873  Economy / Scam Accusations / Re: Scammed by arcanaaerobics on: June 09, 2017, 05:54:49 AM
You could have easily avoided this scam if you used an escrow service. Why didn't you? 250$ isn't that small, you could have bought your safety for a 5-10 bucks Sad

There isn't any email/pass changes on the account recently so I don't think it's a bought account. It looks like the owner just decided to become a criminal...

Yes I will definitely use escrow next time. What a shame...

Yeah it's a shame that you didn't use escrow. Consider this a lesson learned mate. It's not that uncommon for a newbie to be over trusting in members in this forum even though it might seem completely illogical to do so for an older member.

Just make sure you dont make the same mistake twice. Also maybe you could try contacting skrill and ask them to charge back, although this is unlikely.
4874  Economy / Scam Accusations / Re: Furwin Scammer on: June 08, 2017, 08:06:47 PM
This is the stupidest idea. First of all nobody will donate to a scam victim - period. Unless you are well established and the amounts are somewhat small then you have a tiny chance. Having this donation section will mean that people won't use escrow etc but instead just trade whenever they like with whatever because they think they're covered by the community.

Also, have you thought about the possibility of scammers faking trades with themselves and claiming that they got scammed and ask for donations? The scam accusation subforum is for reporting scams, not for people to beg for money out of the scams.
4875  Economy / Scam Accusations / Re: Beware of minershop.net [SCAM] Lost $1224 USD on: June 08, 2017, 10:11:16 AM
Please use the proper scam report format as noted here:
https://bitcointalk.org/index.php?topic=260073.0

I have actually never used this site nor have I never heard of it so I cannot comment on their legitimacy. Also two simple screenshots of the order does not need to prove anything. Can you show us the conversation you had eith them or any attempt to reach them but they don't respond?

Also, do they have a forum account here? If yes could you link us to the profile that would be great.
4876  Economy / Service Announcements / Re: [ANN] ChipMixer - mixing reinvented on: June 08, 2017, 08:52:04 AM
This is definitely no short of a revolution for bitcoin mixers. Previously traditional bitcoin mixers has never thought of such a creative and anonymous way of doing things and chipmixer is definitely here to innovate.

Also, the fact that they are able to promote their product on the forum whilst only running on donation means that they are in here for the long run. They're not just here to make a quick profit but rather to help out the community.
4877  Economy / Trading Discussion / Re: Compensation against Bitcoin loss on: June 07, 2017, 08:04:54 AM
So I have a Question.

What are you thinking about compensation against bitcoin loss, is it possible to get a kind of redress in the case of a hacker attack?

No. Bitcoin is designed to not do that. If you want to have protection against sellers then use paypal but you will be at risk of other people scamming you via the same payment method if they were dishonest as well.

It's a trade off. If you are good at maintaining your own privacy and security, bitcoin is definitely the best thing for you. You have control over everything and your actions will mean whether your bitcoins are stolen or not. If you choose to have a secure environment while you are operating with bitcoins then there is almost 0 chance that a hack will happen.
4878  Bitcoin / Bitcoin Discussion / Re: Would you buy Bitcoin now with hard cash? on: June 07, 2017, 07:22:10 AM
Would you buy Bitcoin now with hard cash since the price or value increases daily, or you just going to earn it through mining, faucets, social media and signature campaigns?

I've bene buying in since early 2016 steadily. But now i'm not because i've already sold the majority of my coins anyways and i am in the process of selling even more. It does not make any sense for me to buy more now when i'm selling and cop that spread.

Earning bitcoin directly is cool because you get the same amount of coins no matter what. However it does require time and is oftentimes an unreliable income source, which means that you should not be completely dependent on it.

Especially if you are investing in bitcoin, go with the buy with fiat route. Not only do you get to unload your fiat, you also get in return something that has real value. But now the price is high and thus, not a good time to buy.
4879  Economy / Currency exchange / Re: WTS 1.5g gold in goldmoney on: June 07, 2017, 07:08:04 AM
As title says, i have 1.5 grams of gold in gold money currently.

0.5+g is in the Toronto vault whilst almost 1g is in the Dubai vault.

All of the gold is obtained through either bitcoin purchases or p2p trades with other bitcoin users. Proof of the source of funds can be shown upon request. I'm looking for offers of at least 70% currently.

Escrow is accepted or you send first.

Thanks and please PM me for a quick deal.

Ill take it for 50% of its value and you gotta send first

Thanks for the offer however I'm not really interested in that. I'm sure that some other traders are at least offering 60-70% of the value of gold i'm offering, 50% is just too low.

better if the pictures upload here, buyer can see it.

I don't see a need to do this. The amount is quite low anyways that some people probably don't even mind not having a screenshot of the source. And plus if you are interested you could always request as such via PM.

Thanks all
4880  Bitcoin / Bitcoin Discussion / Re: Bitcoin system collapses in the near future on: June 07, 2017, 07:02:21 AM
As block reward decreases, miners will be dependent on transaction fees to suffice for their electricity costs. By then, if the price of Bitcoin isn't high enough, it will lead to a further reduction as miners abandon their business because of the lack of profit. Thus it could be said that Bitcoin can either do very well or collapse completely in 2140.

Doesn't the Bitcoin system fail in this way or are there any other variables in play that stop such a breakdown?


Please don't spread any FUD.

Your question is not really valid. Bitcoin rewards will indeed halve every 210000 blocks however this is not a worry. Bitcoin prices will increase probably alongside with the block rewards decreasing. This is not even mentioning that transaction fees will be an integral part of the economy. Look at even now, pools are making a lot off transaction fees compared to before, when compared to the actual mining rewards.

If there was a decrease in miners, it does not matter at all. It just means that these miners who chose to stay will have more blocks found thats all.

-snip-
OP is a classic Waves spammer that is starting nonsensical threads. Add him into your ignore list. I suspect that he/she creates threads that facilitate SPAM for others (i.e. opens "discussion" to other farmed accounts). See another example: https://bitcointalk.org/index.php?topic=1952038.0

Most likely that. I can't imagine why someone would not even know how the bitcoin ecosystem works and still have a senior member account Roll Eyes
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