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Results just updated, all participants gained 51 ethers
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Results just updated. New prize pool amount
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Daily reset is coming, 30 minutes left. 30 eth held in the contract will be distributed.
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It's definitely much easier to evade taxes and fake profit streams using cryptos though. I doubt its easy to trace where the money came from unless you sell and withdraw it all in one go from one bank account.
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I think it will continue for a long time because of the support and large amount of money put into it.
Bitcoin lightning network, RSK for bitcoin smart contracts and a lot of initiatives can greatly improve the infrastructure.
On top of the technologies, ETF initiatives, regulatory acceptance of the currency etc. are also boosting its use and credibility.
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Just added reward tracking for ended rounds. Shows main transaction id, all distributed ethers and their corresponding addresses.
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I've had enough of BTC and its rising fees along with many hours of unconfirmed transactions. No one should have to continuously chase fees just to get a quick confirmation. This is insane and madness. This is destroying the business model for those who wish to do e-commerce business using bitcoins. Which cryptocurrency to you recommended to switch over to and why?
I know that feeling, it's very frustrating to long wait long hours for transactions that could get over six confirmations in less than 30 minutes now you have its a game of having your transaction to be among the 100 get accelerated even when you have paid high transfer fees doesn't make a difference But I believe ethereum is the way to go atm it has a huge supportive community and market is not congested Ethereum community already fragmented so decisions could be easier although there is an issue of the POW switch to POS which could really effect Ethereum. I think a switch to POS might not necessarily be bad though. It'd speed up Ethereum a lot more, making it even more valuable. But there's definitely a risk during/short time right after transition. |
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Okay... So, Can I buy somewhere any good mining hardware for +- 100$ to mine bitcoin or litecoin... ( I don't know other currencies. ) to be profitable? Theoretically I can buy litecoins and then transfer it to bitcoins, which could have be more efficient, right?
Yes, but it might not be guaranteed profitable because litecoin-btc price is fluctuating a lot and isn't really stable. You can try cryptocompare.com/mining/calculator/ to find the most profitable currency to mine |
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XRP just went from an all time high yesterday at 0.43 back to a 0.31 low 1-2 hours ago. Do you recommend holding or selling Ripple right now?
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Won once on a dice site (0.05btc) and never gambled again. It's definitely a win-lose (win for the house, lose for you) in the long run because the odds are against you, unless you get really lucky.
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If bitcoin transactions are masked (which can easily be done), it allows for money laundering operations from illegal activities/theft/hacks. Its definitely "causing some problems" by enabling/facilitating the operations of these illegal organizations. Even with KYC checks done by bitcoin exchanges, it's not enough to definitively single out people involved in these operations.
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Can someone explain how exchanges prices can be soo different. e.g Bitstamp has BTC for $1760 while Polo has it for $1888? even with exchange fees you can make more money just transfering from one exchange to another lol
Also XRP is 36c on Bitstamp and 40c on Polo. That adds up if you buy big and transfer from one to another.
polo is tether dollars,you must multiply the polo price by 0.92 to get the actual price. Why 0.92? I'm suprised USDT could drop so low when its supposed to be pegged to USD.. |
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Bitcoin ETF "was denied as a result of lack of regulations within the foreign Bitcoin market". If bitcoin ETF was rejected based on that, I would think the same rationale can be applied to Ethereum. The eth market is definitely unregulated and cannot be controlled by any single jurisdiction in my opinion, the same way bitcoin is.
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It's much easier to make a gambling site than dating site though. Marketing aside, you just need some capital on top of the actual website and tech infrastructure to provide online gambling services. For a dating site, you need to find lots of female users who are willing to actively participate.
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Think it's a good sign that the ethereum ecosystem is becoming more mature. I think it demonstrates to some extent that people might actually be interested in building services (or at least be willing to make a commitment by paying large sums to secure their address/names) on top of Ethereum rather than just speculating on the currency.
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Hi, EtherSphere is a daily pool that contains ethers that are locked in the contract. At around 1pm PST every day, the contract executes and distributes all these ethers to its participants. The amount of ethers/value is stated on the title. However, in EtherSphere, you are to some extent gambling on the fact that other people won't try to steal the large jackpot. I will skip this first and explain the basic reward mechanism: At reset time, every participant is given a reward based on the bid pool to reward pool ratio. If the ratio is for example 1:2, then he will get 2 eth for every 1 eth he uses to participate in the bid pool. Therefore in an extreme case, if no one except one participant bids in the bid pool, then that participant will get the entire bid pool even with 0.01eth. However, if a large number of people bid and the total bid size is above the reward pool size, then participants will get less than what they bid. All bids in the bid pool will not be given out, but will be rolled over to the next day as part of the reward pool. In a scenario where the bidding pool value exceeds 1.05x the reward amount, a jackpot that is 35% the current reward will set as a prize. Participants will then have to bid for the jackpot and the highest bidder when the round ends will win the jackpot. On top of the 35% reward, he will also be entitled to his corresponding proportion of the remaining 65% of the reward pool, which will be split among all participants. This means the jackpot winner can earn a large amount of ethers, and payout will be reduced for all participants. ethersphere.io. EtherSphere | Daily ether pool smart contract |
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A large monopoly has benefits too - more secure, better/faster trading infrastructure, more features (lending/margin features). It also means the bid/ask gap is much smaller, and I don't have to wait for a long time before my orders get executed. I wouldn't mind a monopoly unless they start raising fees
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It seems like everything is all about smart contracts nowadays. Are there things we cannot do or replace with smart contracts? Or is it just performance/size limitations of the blockchain that is limiting smart contract's growth and potential?
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I'm definitely voting for Eth. Trust the development team behind ethereum to continue pushing and improving the technology.
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