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I played some more and I have two comments:
1. Please add button to mute sounds on your site. The sound of 'bust' in Crash game is annoying as hell after hearing it more than dozen of times.
2. How exactly your faucet works? I lost all my faucet money, waited more than an hour and despite that I still can't claim another 1000 satoshi.
"You need to play with free bitcoins 20 times before you can request a payout."
By payout you mean withdraw the BTC or claim another faucet reward?
Because, if it is the latter, this faucet might be one time only testing tool.
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I liked your "Crash" game, although not unique I find that concept very interesting.
I have one question though. How come I verify result of your games?
It seems impossible to tell whether they are provably fair or not.
Another thing, please allow users to change denomination of BTC. Micro BTC might be confusing for some people.
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I didn't expect that we will see upward trend. No after 2nd PBOC intervention causing biggest Chinese exchanges to stop bitcoin withdrawals.
There is rumor that Chinese traders are starting to disregard government actions and attempts to curb bitcoin trading and are focused more on p2p trading.
This would explain mild bullish trend in spite of the ongoing investigation on money laundering in China.
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Warning:
Just be carefull before depositing to this site as their withdraw commission is 0.001btc and min withdraw is 0.002 and still their is no confirmation of any user have withdrawn the bitcoins , because in their last offer they have not still given any withdraw to any users.
I was just about to ask what are theirs fee and withdrawal policy is. So they are offering welcome bonus of 80k satoshi, which is roughly 80 USD cents now. At the same time they collect withdrawal fee of more than $1. I am curious about roll over requirement? Is there any? |
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now we all know there are 7.5 billion people in the whole world and there is a very limited supply of bitcoin available.
Total number of people living on earth is a bit misleading data when you try to present scarcity of bitcoin. We know that large part of the world's population is living in poverty or has no internet access. There is no way these people would ever be able to purchase or own bitcoin. So, to present how bitcoin could spread, wouldn't it be more accurate base your calculation/estimation on number of people in the world with the the Internet access? The newest data (from 2015), when the International Telecommunication Union estimated that we have about 3.2 billion people using Internet. |
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I have all my coins in on an online trading site (paxful) (low volume)
I plan on making a large investment very soon, and want to safely store all of my coins
I.E I basically want to drop a couple thousand, and keep them in the safest possible way, where I can revisit them in 5-10 years or so and reap the benefits, or cry about the loss.
What is the best way to do this, and what's the best way of ensuring a backup?
How do you currently store your coins
thanks in advance for any inputs
You have couple thousand bitcoins or you want to spend couple thousand dollars (or whatever currency you are using) to buy BTC with it? With that amount of coins I wouldn't hesitate to invest in hardware wallet, either Ledger Nano or Trezor. The main feature of hardware wallets is that they generate Bitcoin private keys in offline environment. Using 3rd party online wallets, exchanges, other services is irresponsible behaviour. They are no suitable for storing large amount of BTC. |
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Bitcoin can be a lot of things but at its core bitcoin is money, since it has all the good things you will want out of money, its durable, fungible, it's a unit of account, and the most important it is a store of value unlike all the currencies of the world except gold and silver, that is why sometimes people think of it as a stock or commodity but it is not, bitcoin is money.
So tell me why almost every bitcoin owner hold the coins? The best and the most common practice is hoarding bitcoins and waiting for the price to grow. Do you think this is what a currency is made for? For keeping it safe, and never use it? BTC users are AFRAID to buy goods/services because BTC most likely will be worth more in the future due to deflationary nature of bitcoin. |
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Ethereum is main currency used by vDice website. Is there an option to play with vSlice tokens?
Additional question about vDice's altcoin. AFAIK you can trade vSlice tokens only on Liqui (it is the only market when volume is significant).
Is there any plan to introduce this token to another exchange, or it is not big enough to be accepted on Poloniex or even Yobit?
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There has been no real dump of Iconomi during the last 3 months. The real dump happened on 25-26 October, when the price dropped by 60%+. Post that, the rise as well as the fall have been benign, in altcoin terms.  This. Iconomi has been quite stable. At least, if we consider ultra volatile aspect of ICOs where ever investor is only waiting to dump at the best possible moment. If you want to know more info about spotting possible dumps and manipulation, here is interesting article: https://www.cryptocoinsnews.com/pump-dump-know-signs-trading-altcoins/Of course it won't cover everything, and it is aimed to help newbies but it contains pretty useful basic knowledge. |
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Face it guys - idea of bitcoin bank is idiotic. We don't need bank to hold our bitcoins, we don't need another parasitic 3rd party.
The only reason people want this "bitcoin bank" to happen is they want to collect accrued interests.
But you tell me how it would work with unstable nature and volatility of BTC? Because I can't really grasp it.
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-snip-
so the ETF can cause a chain reaction. but how soon and how much this chain reaction may cause.. is an unknown variable
In case ETF will be approved there will be chain reaction, it is more than certain. The only question is high high the waves will be. Coin ETF will bolster bitcoin credibility as currency/asset to the point it will could become the most desired capital investment. We can speculate that Bitcoin's price will spike 25%, 50% or 65% but upward trend will be imminent. But from the other hand - chance of SECs approval is rather slim at this point. |
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What is even more interesting is a fact that Chinese traders are are losing confidence in exchange prices.
They find that constant 'bullying' and introduction of new regulations every week.
Not to mention, recent suspension of withdrawals on major Chinese exchanges is impacting bitcoin trading negatively.
What is interesting traders are switching from centralized exchanges to p2p trading platforms, mainly Bitcoinworld and Bitpie.
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What China is trying to do is curb bitcoin trading, they don't care about price that much.
All they care about that Chinese citizens couldn't buy BTC and transfer their wealth/deposits outside China in that form.
That is why we have all that regulations in place - to keep circulation of BTC/yuan within the Chinese exchanges.
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I am interested in thought on this topic, hypotheticals:
1) What if a small / medium / large country central bank begins accumulating
2) What are the chances of this ever happening?
3) How much would they buy?
4) What would the effect on price be?
5) If it is a 'rogue' nation, would it kill bitcoin?
1. Depending on if that information would be publicly shared. If yes - it would boost bitcoin price significantly. Central banks might be hoarding bitcoin right now as we speak and we have no idea about it. 2. Hard to tell, knowing banks and governments mixed opinion about BTC I wouldn't keep my hopes high. 3. Again, it is totally speculative subject, we don't have any information abut their supposed budget. 4. Depends on which country we are talking about here, USA or China buying BTC - it would be huge deal, Rwanda or Zimbabwe, not as much. 5. You can't buy bitcoin and sell it, hoping you will crash the market. |
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Interesting how so something trivial as simple meme gallery can be treated with such regard.
Again cryptocurrency is amazing for its ability to enforce digital scarcity and level of uniqueness to simple pictures.
These memes would be totally worthless if someone wouldn't include them in the blockchain.
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Nothing uprising. As far I am aware SegWit support for bitcoin is pretty much constant since the day signalling started.
IIRC Bitcoin Segwit after 2 days reached ~20% hash power support and is pretty much is keeping this status unchanged from December.
Consensus is the only thing that matters, partial support is not important.
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Thanks everyone involved in this campagin. I received my last payment.
Qtum was a great campaign, though I think it ended a bit prematurely.
Let's hope this short exposure will be enough for the ICO to take off.
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What about in some countries that banks are highly stable and established a good foundation for decades? Don't just look at those bank problems in the past generally and only in some areas around the globe. Banking industry, no doubt, still a big institution that have a BIG role in servicing all the people. Not all bank services can be done ny only using bitcoin exchange, same with bank to bitcoin services.
What do you think of bitcoin, especially the exchanges ( since bitcoin must compared to a currency, so bank is to bitcoin exchanges) will never have a problem when being used?
You are the one who doesn't making sense here.
Learn some more about banks, history and economy first please. There is nothing like good established bank. Even the biggest bank can fall. Lehman brothers was considered to be one of the biggest (over $600 billion in assets), most trusted and oldest banks in the United States. It is to this day the largest bankruptcy case in US history. They were operational for 158 years from its founding in 1850 until 2008. Pretty trustworthy and established business with good foundation, don't you think? |
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I might be better but you can't actually predict.
Like banks are always safe. You can always claim your cash back if any problem occurs.
But in case of blockchain if they data is erased by some reason , you can't claim it back.
You will just have to regret. Also you have to play taxes on both so that is a neutral point.
But transactions are easy with bitcoins. Even young people will understand how to make transactions with bitcoins.
I myself didn't need any explanation on how to buy something with bitcoin.
Bitcoin has many plus points but both are important.
Banks are also equally important
Banks always safe? What nonsense are you trying to tell us? There many, many cases of banks failures throughout history. Not so long ago we have HUGE GLOBAL crisis caused by bankruptcy of one of the biggest banks in the world - Lehman Brothers. In recent history, look at Greece and Cyprus, for example, there were numerous cases of banks which were unable to fulfill the demands of all of its depositors. People were unable to withdraw their money from the bank, withdrawals were limited to €50 per day and some deposits were openly stolen by the banks to fix their dire situation. Banks are important because they WILL be the root of the next major crisis, destabilising the entire economy system must end sooner or later. When that happens everyone will line up to buy BTC like crazy. |
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