If someone believes the LTC/BTC exchange rate will increase then they would take that loan.
No, what im saying is that if you already have the amount of money you need in altcoins what would be the point of asking for a loan The only scenario such collateral makes sense is what DAT said. Imagine you have 100 LTC and you're absolutely sure that LTC price (expressed in bitcoins) will go up, so obviously you want to buy more of them. Selling 100 LTC to buy 100 LTC doesn't make any sense. So it's best to borrow bitcoins (using LTC as collateral), buy more litecoins. When (if) the price goes up, sell LTC, repay the debt and enjoy the profit (+ sell those 100 LTC you got back if you want to). Simple. |
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am i only one who get that my signature is deleted? in bot
Nope, I got the same message just now. All was working fine earlier today Edit: All good now |
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Fee: 0.5% of withdrawal amount and yes, they can withdraw to any address but haven't tested inputting a multisig address.
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are you sure. i cannot find "withdrawal fee" in the guide section. it just says you have to include "withdrawal commission" this amount of fee is abnormally high! Yes, I am sure. 0.5% is the withdrawal commission but it is a fee. I am sure because that's what I saw when I withdrew. I told Marco about it and he told he is telling them to lower it. -MZ It's not that painful for campaign earnings withdrawals. For senior member with 300 posts/month, the fee is 0.0021, so less than 2 posts worth. But for someone withdrawing BTC100, paying BTC0.5 is way too high. They should cap it, say something like "0.5% but not more than BTC0.01", or something like that. |
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Just came across this article on Coindesk: http://www.coindesk.com/is-518-the-fair-price-of-bitcoin/According to Alfaquotes, Bitcoin is currently undervalued, its 'fair price' (using the Benjamin Graham formula as a model) is at $518.59. Calculating a ‘fair’ price
Hertz explained that the fair price formula includes two factors.
First, it calculates the changes in the cost of mining equipment and its performance. Next, it attempts to assess the change in difficulty of production, factoring in the electricity costs faced by miners on the network.
In particular, Hertz indicated that the fair value tool should be embraced by miners, as the price today is lower than the fair price – a factor he attributes to the recent string of bankruptcies and closures in the sector.
Hertz predicted that this trend is likely to continue until issues faced by the mining community affect supply to the point it influences demand.
“At the moment, as we can see bitcoin is doubly underestimated and this indicates how good investment attractiveness is toward bitcoin,” Hertz added. Considering current price it sounds like a good news, but I'd love to see the detailed calculation. Related links: http://www.ibtimes.co.uk/cryptocurrency-round-bitcoin-price-continues-surge-towards-fair-price-1490237http://en.wikipedia.org/wiki/Benjamin_Graham_formula |
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http://www.ibtimes.co.uk/cryptocurrency-round-bitcoin-price-continues-surge-towards-fair-price-1490237The value of bitcoin has continued to surge over the last 24 hours, with a 7% increase taking the price above $275 (£179) for the first time since January.
...
The ALFAquotes Fair Bitcoin Price indicator currently lists $518.59 as the "fair" price of bitcoin, almost double its current market price of $277.
This price is based on the historical growth of bitcoin, combined with its future potential. This system is inspired by the Benjamin Graham formula adopted by investors.
"At the moment, as we can see bitcoin is doubly underestimated and this indicates how good investment attractiveness is toward bitcoin," ALFAquotes project manager Denis Hert told CoinDesk.
... I've never heard of that $518 'fair price', here's the link to the Benjamin Graham formula they used to calculate it: http://en.wikipedia.org/wiki/Benjamin_Graham_formula
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Interesting concept, but I don't think any high secure facilities will be very keen to tie access control with decentralised blockchain (something they don't have control over). Maybe as an additional layer of security.
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http://thenextweb.com/insider/2015/03/03/why-bitcoin-is-changing-how-banks-do-business/Last weekend JPMorgan Chase & Co., the largest bank in the United States, published a job opportunity for an associate at its New York branch. One of the requirements was an, “opinion on bitcoin and other cryptocurrencies.” The bank has since deleted the remark, but the Wall Street Journal managed to write about it before JPMorgan could delete it.
The cover-up marks a radical change in how banks now see the enfant terrible of currencies. JPMorgan’s CEO Jamie Dimon dismissed Bitcoin as a, “terrible store of value. It could be replicated over and over. It doesn’t have the standing of a government. […] And honestly, a lot of it — what I’ve read from you guys — a lot of it is being used for illicit purposes.”
...
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I've got a mixed feelings about x25, x50, x100 kelly
it's good to have additional options and it could be attractive for small investors (+ for those who don't want keep too much on the site).
On the other hand (apart from theskillzdatklls noted) it could further dilute bankroll % share for all the sensible, big investors (on kelly between x0.5 - x2) and those are backbone of the bankroll. If kelly options are pushed too far and become too popular, then the reasonable investing options could simply be not attractive enough and drive away such investors from PRC.
I personally think that anything above x25 is just too risky, especially knowing that PRC is not really in need of new investors. So why fix what's not broken?
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Btw, is there min posts/week requirement? What about top 10 posters bonus? And is there a 'hard cap' of 300/month (75/week ?) or will any posts above that still be paid (on case by case basis)?
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New, updated payment schedule for bit-x campaign: Highest rates! | Staff | 0.0016BTC NEW | | Legendary & Hero Members | 0.0016BTC NEW | | Senior Members | 0.0014BTC NEW | | Full Members | 0.001BTC NEW |
Member & below - Not allowed |
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Enrolled. All went smooth. Well done
Was worth waiting for.
Thanks Marco and Bit-x
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is safedice still under maintenance, i can;t access to my account there, just stuck on loading screen,  Had the same problem. Entered login + pass with no reaction, but hit F5 and after a little wait I'm in. All bets are now displayed correctly and all seems to be fine |
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What's the issue?
blockchain.info looks to be working fine.
It's currently not connected to any node. Hopefully a minor issue and they'll get it sorted soon. Apparently you can still send funds from your BC wallet using this trick: Just use this since you can still generate TXs through blockchain.info: Please use this to push your TX through to the network: https://btc.blockr.io/tx/pushFind your TX in hex format by adding "?format=hex" to the end of the blockchain.info TX url. Then paste that number into: https://btc.blockr.io/tx/push and click 'push immediately'! |
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The problem is the very people they're searching for don't want the banking sector to exist! LOL!  Well, lots of people hate their jobs/employers but still do the job. Or maybe it's a good opportunity to plant the "Trojan horse" there? Where's Amir Taaki when you need him the most  But I wonder how many of the lead devs would be willing to take such position if the money is really good. |
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Things are getting interesting, it was just a matter of time: http://blogs.wsj.com/moneybeat/2015/02/27/j-p-morgan-goes-hunting-for-disruptors-and-bitcoin-experts/Attention disruptors: You might not be interested in J.P. Morgan Chase but it is interested in you.
A recent job posting on its website highlighted the challenge facing Wall Street firms looking for cutting-edge technologists: They need people who aren’t eager to work for them.
The job title is a typical corporate bromide: “new product development product delivery manager-Associate/VP.”
The description is far more interesting: “You care about disruption and have opinions on the future of banking, the payments system, and how to improve upon our existing financial infrastructure. You have an opinion on bitcoin and other cryptocurrencies, and you are probably ambivalent about the prospect of working for a large financial institution.”
The bank even sounded almost apologetic about its size: “Sure, we are part of a large financial services firm operating in a highly-regulated environment, and that means we are not as flexible or agile as your average company – let alone a startup.”
Disruptors shouldn’t forget to submit twitter handles with their resumes. |
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http://blogs.wsj.com/moneybeat/2015/02/27/j-p-morgan-goes-hunting-for-disruptors-and-bitcoin-experts/Attention disruptors: You might not be interested in J.P. Morgan Chase but it is interested in you.
A recent job posting on its website highlighted the challenge facing Wall Street firms looking for cutting-edge technologists: They need people who aren’t eager to work for them.
The job title is a typical corporate bromide: “new product development product delivery manager-Associate/VP.”
The description is far more interesting: “You care about disruption and have opinions on the future of banking, the payments system, and how to improve upon our existing financial infrastructure. You have an opinion on bitcoin and other cryptocurrencies, and you are probably ambivalent about the prospect of working for a large financial institution.”
The bank even sounded almost apologetic about its size: “Sure, we are part of a large financial services firm operating in a highly-regulated environment, and that means we are not as flexible or agile as your average company – let alone a startup.”
Disruptors shouldn’t forget to submit twitter handles with their resumes.
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http://www.economist.com/blogs/gulliver/2015/02/booking-flights-bitcoinMOST stories about bitcoin, a digital currency loved and loathed in equal measure, focus on the future potential of the technology, rather than its present-day usefulness. This story is no different. Earlier this month, UATP, a payment network for airlines, announced it was teaming up with Bitnet, a bitcoin processing platform, to offer 260 of the world’s largest carriers the option of accepting the currency for flight bookings. UATP merchants provide 95% of global airline capacity, counting among their ranks mainstream brands such as British Airways, Lufthansa, Delta Air Lines and Southwest Airlines. The company also works with 130,000 travel agencies, plus big rail operators such as Amtrak. None of these partners, it must be stressed, has said it will add a ‘Pay With Bitcoin’ button to its website. But the potential to do so is now there. And that is more than enough to get the bitcoin faithful excited by the development.
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on primedice i got 0.4xx profit ( from 0.1, so i got 0.5xx ) after few hours, on safedice im starting..
so you said 0.0010001 bets are too high for you when you have half btc? thats strange In fact, if you start betting with 0.001 base bet and lose 9 times in a row, the whole 0.5 btc is gone. Maybe Fatty isn't wanting to take that risk. but if you bet lower bets you need to play longer to get the same profit so i think the risk is the same doesnt matter if you play lower bets longer or bigger bets shorter True, by then again, why bother betting 0.001, isn't it better to just bet the whole 0.5 at higher winning chance? Saves some time |
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on primedice i got 0.4xx profit ( from 0.1, so i got 0.5xx ) after few hours, on safedice im starting..
so you said 0.0010001 bets are too high for you when you have half btc? thats strange In fact, if you start betting with 0.001 base bet and lose 9 times in a row, the whole 0.5 btc is gone. Maybe Fatty isn't wanting to take that risk. Yup, 0.001 is pretty high base for total 0.5 he has. He could only afford 7 losses in a row (at x2 multiplier, that's not uncommon). After 8th loss he'll still have positive balance but would need to increase multiplier a bit to get in profit if 9th bet wins. |
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