My whole problem with proof-of-stake is that it's supposed to be analogous to putting money in say a 3- or 6-month CD where it sits tied up and earns interest. The reason a CD earns interest is that while it sits tied up, the bank issues loans and extends credit to businesses (very few 3- or 6- month personal loans). These businesses take the loans in order to continue day to day operations and repay it with a portion of future sales proceeds. The reason the businesses need the loans is that it's cheaper for them to borrow than to sit on excess cash that could put to work doing productive things. Meanwhile, the bank promises you x% on your CD while it charges x + y% to the business, and makes the incremental profit of y%.
With a POS wallet, where does the interest come from? If it's just coming from the POS hashing creating a flow of coins by generating new money supply, well this is doomed to fail. Imagine if instead of the mechanics of the CD above, you put the money into the CD and get promised x%, and instead of loaning that money out to earn a spread on the interest received they ask the Fed to print x% more dollars for you. Nothing has changed. There has been no value added. The result is just more money, which will ultimately reduce the *real* value of that money in terms of buying power:
Say $100 buys all the groceries you need for the month. You put $100 in a 3-month CD that pays a 3-month rate of 2%. And assume the second scenario where money is just created for you and not put to work. You receive $102 back after 3 months, but now it costs you $102 to buy all the same groceries for the month that used to cost $100.
Yeah, this is exactly one of the reason why I like PoW more than PoS. Paying interest like that is like not paying anything at all. In face it is worse. It will just create the impression that you get something, while actually you don't. Yes, I know pow is not that energy efficient or anything, but it is more likely to succeed. It is (one of the 1 million reasons ) why I am bullish on Bitcoin.
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You're fighting an uphill battle. If bitcoin were to stay at exactly 322 for the next year this place would be a ghost town.
well, the idea is to keep it from decreasing in value, but not rising too quickly and falling again. stability is good for the coin to be used as it was intended as a currency. if a retailer sells a $322 computer for 1 BTC then the next day that same bitcoin is only worth $300, that dissuades businesses from using it. Don't worry about that. Businesses dump btc to fiat immediately or same day. Yeah, most of them do so. Even if some of them hold, who is interested in keeping it as an investment, they could simply wait till it hits $340 to $700 before cashing out.
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Meanwhile steady and healthy growth:
yep nice steady healthy growth for 24 hours here is the all time chart and recent high I see a huge cup. Going for a crash? I see a strong sell...
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I'm just asking if there are people who earn 50$ in a month from faucets ? If it's possible how ?
Thanks
No, I don't think so. Faucets are just a wate of time. Do some productive using the time. Here or in the real world. Don't waste your time, doing repitive work for almost nothing. You will max get the tx fee for a few transactions.
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How about BB for Before Bitcoin and BE for Bitcoin Era?
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My humble expectation:
$100000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
I am a little pessimistic. I know.
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I think it's still on the balance, no sign yet of the BULL RUN !!!!!!!!!!
Pressure is building up slowly. Just waiting for it to explode...
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@ndnhc Greed is a belief system in that you are not abundant if you do not have a currency to afford you the abundance you require in and of that time of your choosing. This is a force of violence from the powers that be in which the mass of the population will never be aware of. There is a critical mass building on the web through the age of information. There are those working to control us as there are also those who are working to free us. They monitor us. We monitor them! The resources, be it food or water, are limited. If it is fairly distributed, TheWarden: This will ensure individuals will have access to a place to live comfortably, the ability to use technology like a laptop and internet connection, and run all necessities of life such as cooking. ndnchc: cannot be achieved. This is achievable in the future if we have free energy which is available to all. Imagine geothermal reactors within each home, okay? Water can be made to lava. Lava can be made into water without it becoming obsidian. The greater scientific community will acknowledge this within a few years (or decades). There are MANY, MANY suppressed free energy systems within our world today. This is only one of the suppressed technologies available. Whatever be the system, there will be people against it. If it has everything free, there will be people misusing it. If there are no restrictions, who will put a check to it? This is the point of the future. Individual freedom. Honesty and voluntarily transactions. Non-aggression pacts. The shit found on the kindergarten wall. More on this from Canadian phd Stephen Molyneux: https://www.youtube.com/watch?v=SiWBOWiKOU0Those who misuse or abuse systems will find that those who used to interact with them will no longer wish to associate with those who are experiencing dark, bad, or evil themes within their life. Remember, this is a master's degree we are earning when we live here on Earth. We are all here as spiritual beings to have a human experience to learn more of our higher selves. Those who wish to abuse, misuse, and be "bad" have the free will to do so, as it is their choice to also be in alignment with positivity, they may always come into the light In the future, we have not given up our power of governance to other people because we don't "care to do that ourselves." In the future, we govern ourselves individually and we govern our relationships with "common sense" (please see above video within this post). It is an utopian future. It is almost impossible. Humans are not mature enough to be like that. If they were even a little mature and responsible, they will NEVER would have caused so much destruction across the universe - imbalance in the nature, dumping wastes, non-biodegradable plastics, to even space, causing extinction of species, polluting air, water, land,etc.
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why is it ok for a group of people calling themselves the government to force everyone to buy their services? if enough armed people refused to pay and told the government to go fuck itself there is nothing they could do.
And what? The armed forces will control the country, set up a government and impose taxes? Taxes, are supposed to be a good thing as a whole. I mean when it is not excessively done. Social unrest is bad for everyone.
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The price has been wandering around in the $300 - $400 range for months. Once in a while there's a brief excursion outside that range, then it comes back.
The current price is below an hour ago, a day ago, a week ago, a month ago, and a year ago. What bull market?
See a three year chart.
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hi? everyone ! we reopened 5Seconds instrument now. we accepted and applied some suggestion of our clients. Prices of the 5Seconds will be only 0 ~ 9 and there will be only win or lose. draw is not there. Expiry time is 5 seconds. If you select "UP", when price after 5 seconds >= entry price, you will win , at this time reward will be 180% If you select "DOWN", when price after 5 seconds < entry price, you will win , at this time reward will be 220% house edge is 1%. Verification is the simplest and provably fair. seed is UTC time(hh:mm:ss) + BTC/USD price. Price of the 5Seconds is first digit of sha256(seed). the prices will be created every second. (example, if current time is 07:36:21 and BTC/USD price is 315.67 , seed will be 07:36:21+315.67 sha256( 07:36:21+315.67) is eb8a7f28c0248368742bad8abe8204eddde5833baafc48bf12d084eafe1033b3 at this time, Price of the 5Seconds is "8" ) you can always see the result of sha256( 07:36:21+315.67 ) on http://www.xorbin.com/tools/sha256-hash-calculator, http://www.fileformat.info/tool/hash.htm, google search ,etc. the price is perfectly out of our control. we hope that you enjoy the game. Cool. This one is a lot better.
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For the record, a .0000717% occurrence (for anyone who is miscalculating) Well, this is the first time out of all of my gambling experience I've ever come across this: Two things.... 4 rolls under 10 and 3 rolls under 1.5?! EDIT - From my calculations, in 160 bets I hit 1/14000 odds (lucky or what). Seems highly unlikely that something like this can occur considering i've made 160 bets on the site, and only 10 rolls on that seed. Nothing is impossible. You just got unlucky. See: http://search.dilbert.com/comic/Random%20Nine
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Features: -Low house edge
How low? Low is a relative term...
From my calculation, your house edge is 1.033%. Why do you set it slightly higher than your competitors lol?
The house edge is calculated by a formula so it depends on how many treasures / spades you buy. It is a variable house edge. @Chemistry1988 we have an additional 5% refer bonus, I think this compensates. 5% refer bonus does not compensate for the higher house edge. In fact your referral bonus is much lower than the other minesweeper sites: www.satoshimines.com is 10% www.coin-sweeper.com is 15% In fact, I think you are just comparing the %. You can compare satoshimines, but coin-sweeper pays based on total bets ,made by referrals. ie. 15% of their edge. There is big difference.
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dice sites in general are dangerous to invest. Just dice was an exception, but it is closed now Well, invested 10 BTC in win88 and its doing well. I didnt catch JD. It was very safe to invest in just-dice even if you could have lost your coins in case of a successful hacking, theft, loss of the cold wallet or a government raid. You probably saw that you can now reinvest in the just-dice bankroll but it is all in CLAM! Yeah. CLAM is a good investment, and with the pwning, it is very good. Just make sure, you don't get confused with a few people will lot of btc, playing at random coins.
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Last year, selling at any point had always resulted in price going lower. I guess we'll never see 305 again, will we?
I wish I had 100k$ to buy in at that price and make a huge profit when the price will double. Same here. I wish I had lot of spare USD.
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It was supposed to go to 270 by all bears here.
I sold a little bit yesterday, so you can all thank me for the inevitable price increase. lol. Sell a little more if you want. I want the price at 350
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As someone pointed out, the buys made during today and previous days are significantly higher than the sells. http://bitcointicker.co/There is around 1.5k sell order at around 330, but the bulls are slowly eating into it. It was around 3k+ before. Do you think the price crash was intentional to make whales get Bitcoin cheap?
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Sorry, bull is too strong. Bulls are buying up the strong ask orders. ALARM OFF. ALARM ON ALARM OFF. Don't worry. It is going to catch up. The chart is unreliable anyway.
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Sorry, bull is too strong. Bulls are buying up the strong ask orders. ALARM OFF.
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