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I think seeding the next lotto with 100 BTC may be a bad idea.
Even though there is no mathematical difference between 400 people buying 400 tickets and 1 person buying 400 tickets (the odds of your single ticket purchase winning are the same) people do not think logically when it comes to money and specifically when it comes to gambling.
Here is the thinking that may limit this month's lotto: why should I buy a ticket when it is almost certain that the guy who bought 400 tickets is going to win? As I said the odds of my single ticket purchase winning are still the same, but somehow it feels different to buy one ticket against a single 400 ticket purchse.
Time will tell.
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Again. What was the address? Put it here in the thread so we can try to help you.
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Did you find a lawyer that knows about Bitcoins? Any law suit related to Bitcoins should be very interesting. Could be ground breaking.
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All there is is a PO box and a telephone number.
Wait, we have their phone number and PO box? That is more than I expected! Let me look... Sure enough: Also you can use our online chat support or call +1 (209) 813-2065
Hyipbit.com,
P.O. Box 355, 6928 Pede St. CA Now I am even more confident that I did the right thing  |
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This explains it all pretty clearly: http://hyipbit.com/invest.htmlYou never have to ask to withdrawl your money. You get 50 payments of 5.0%, 5.5% or 6.0%, depending on how much you invest. Payments are made every week day because, I guess, money has to sleep on the week ends? So, lets say you do what I did and invest 2000 BTC in order to maximize your profits. Since the deposit is worth over $5000 it pays 6% per day. Every week day I get 120 BTC deposited directly into my wallet (this sure is nice - it just makes my day and I get kind of blue on the weekends because I don't get my 120 BTC) They are going to do this 50 times so my total deposits will be 50 x 120 BTC = 6000 BTC. So I am going to make a 4000 BTC profit in just 10 weeks. Sweet! |
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This sounds very much like a Ponzi scheme.
I don't see how it can be since it pays 5.0%, 5.5% or 6.0% per day return. If it was a Ponzi scheme it would have a lot smaller return in order to last longer. Why would they use such a large return if it were just a Ponzi scheme? As a Ponzi scheme it would not be able to be supported with such a high rate of return. Also, why would you put HYIP right there in the name if you were a HYIP? In order to make the 6% per day return I had to move all of my money out of my Pirate@40 account into this one. Do you really think that was a mistake? |
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There appears to be a large delay in turning the square to an X. What happens if two people purchase the same square at the same time?
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37 BTC.
I am off the hook. Now Jake = shakaru |
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What was the address? How did you manage to accidently produce an address with a valid check sum that "does not exist" without doing it on purpose? For fun I have produced such addresses and sent BTC to them so they are forever written in the block chain, for example: 11When1DieBuryMeDeepLayTwoXVEY5jv
11SpeakersAtMyFeetAPairofXXTyrHor
11HeadphonesonMyHeadAndXXXXYUSvnd
11ALwaysPLayTheGratefuLDeadWdq4Xo But notice that the last few characters of each address encode the check sum and it must be correct in order for the address to be accepted. |
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You can contact Al's pawnshop and send him cash in the mail for Bitcoins. I have purchased many BTC this way and it works: https://bitcointalk.org/index.php?topic=44687.0Bonus, he is in Canada so your postage may be less than it is for me from the US. |
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Everyone, quit farting around and just leave it at 0.00005. What is so hard about that? We're heavily backed up on purchases ...
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It would be one of the greatest heists in the bitcoin community if shakaru ends up winning this auction below his original debt  burt=shakaru - that's one of the funniest things I have ever heard  would bid but not against friends... You can bid now! Unless Jake is another friend... |
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I think you would get a lot of buyers if you sold shares - including me. Blockchain.info is my favorite wallet. Have you considered a GLBSE offering?
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If I get the debt for my current 2% bid then I am hoping that he will pay more than 2% on his total debt - I get a profit for anything he pays above 2%. If he buys the debt then he can make a "profit" on his own debt. But, really, where is he going to get the BTC to buy his own debt - he is broke, right? I am not him. There I have proved it |
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In regards to your recent change of rules for Bitlotto.
1) You are absolutely correct in your latest change. Your new scheme is much more secure. I don't see any statistical problems with it.
2) It is absolutely possible to select transaction IDs. You simply use a client like bitcoinJ which allows you to create a bunch of transactions then examine/simulate with them to see which one helps you cover the most lucky number space in conjunction with your other transactions. Then you commit only those transactions that help you the most.
With that, I was able to get a 2 to 1 expected return for this months draw. Controlling about 15% of the ticket value I had about 30% win chance. Well, until your rule change.
I was planning on speaking up this draw but oh well. I could claim my plan was a valid strategy and within the rules however I was clearly attempting to violate the spirit of a random lottery so I can't honestly complain.
Now my odds are the same as all the other dumb money chumps.
Close call then. |
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Since wind and solar power generation is essentially free, why do they even turn it off?
If solar and wind is free why isn't everything running on solar and wind? The reason it that is it not free. Wind has moving parts. They wear faster under load so free wheeling or stoping the blade reduces wear. The solar pannels themsleves wear at about the same rate whether producing or not (they do wear out) but not producing reduces wear on other components - especially the inverters. Solar pannels produce DC and it has to be converted to AC. Those inverters - especially huge comercial inverters - do wear when running and do not wear when turned off. Solar and wind are not free. In fact they are the two most expensive ways to produce electricity we have. EDIT: my comment on solar pannels applied to stationary pannels, not trackers. Solar pannel wear is directly propotional to total solar flux. So if a tracker is turned away from the sun to turn it off then the wear on the pannel itself can be mitigated. |
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It is symbolic. Assuming 10% participation they will hardly notice it. If you get 50% participation they will handle it just fine. If you were to get 90% participation (including real energy hogs like electric furnaces used to make steal, not just consumers, lights, etc.) they would have to scramble to handle the load swing. It is only one hour. It is per time zone from what I understand so it does not even affect the entire grid all at once. Excess production may just be shipped off into another time zone.
Symbolic.
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