it says in one of these http://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Economics/Digital_currency/SubmissionsIn Korea, one of the jurisdictions we are considering moving our operations to, the five largest banks got together to provide early-stage funding directly to digital currency companies. They did so because they recognize the enormous cost-savings advantages these new technologies will give them. By contrast, Australian banks have uniformly turned down any involvement with our company, citing the regulatory restraints imposed by the Australian Government. As a result Australian citizens and companies will be forced to buy the future of money from the Koreans, just as they do with cars, and TVs, and phones, and computers. Perhaps the Government can just issue high school graduates with a shovel and a surfboard, for that will be all they’ll ever need. Thanks for sharing. Someone made a good comment. But is this part confirmed?: the five largest banks got together to provide early-stage funding directly to digital currency companies Sounds like a huge news, but I don't recall reading about that anywhere.
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For example, the dice site in question, just lost a bunch of profits. My share of the profits as an investor, I just lost half a bitcoin. All the while, the operator has been taking from the amount wagered. That's the thing about being in the same boat. Doesn't inspire confidence. Which is why, when I launch my own site, I probably won't be doing the same thing.
That's not really an argument. Just a childish mentality: "I broke my toy, but the other kids are playing with theirs... that's not fair!" You know if he was using the "traditional system", you'd still loose your money, right? Operator losing together with investors 'inspires the confidence'? How? If you launch your site under the traditional system, how long are you prepared to operate at loss? What happens when you run out of funds? Even if the site is on profit, what will you do if big investor comes along making your portion of profits insignificant? How will you mitigate that risk?
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Thats rather unexpected. Spanish Bank Backs Decentralised Bitcoin Exchange Coinffeine
Spanish bank Bankinter has made an investment in Coinffeine, a bitcoin startup launched in June by four engineers aiming to create a new distributed exchange platform.
The investment, made through the Bankinter Innovation Foundation, is one of the first in the bitcoin ecosystem, according to the bank.
Coinffeine is developing a distributed platform for the exchange of fiat money by cryptocurrencies in a secure and anonymous environment. It is designed to let users send fiat money and transfer bitcoins outside banks in a peer-to-peer (P2P) fashion. http://www.coindesk.com/spanish-bank-backs-decentralized-bitcoin-exchange-coinffeine/
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I'd like to see a "How I used Bitcoin to Eat the Rich" thread. We need more charity in BTC, all crypto charity is done by doge community.
We absolutely do not need more charity. Charity is unethical. What the world needs now more than ever is solidarity among the working-poor, underemployed, and unemployed castes. Charities are not unethical on their own. Go tell the homeless from Sean's Outpost that they should starve to death while waiting for the solidarity/social justice/whatever.
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By the "it's the same expected value" logic the site could pay investors .9% of turnover regardless of actual results, it's the same expected value but it's a bad idea because, in terms of payouts, the actual results matter not the expected value. It adds another angle to the potential for the operator to overpay themselves (in this case by over reporting turnover). I like the operator to be in the same boat as the investors.
The investors cannot be paid on amounts wagered. That wouldn't make any sense. Operator's fee is paid from investors' funds (if player wins) or from amount wagered by player (if he loses). If the investors were to be paid % of amount wagered (turnover is not the right word) then they will be effectively paying themselves from their own funds (on player's win) or from their own earnings (if the player loses). So not much logic in that. This system is way better than 'traditional' one, as it places the operator right in the middle between players and investors, somewhat forcing him to care equally abut both sides. There's no real benefit of operator being 'on the same boat'. Imagine the site is making a loss for 2-3 months (lucky whales etc), you've lost some of your investment, but you're OK with that - you know it's a long-term thing. But, knowing there's a real person operating the site - you know he has to eat, he has a costs, bills to pay etc, you have no idea whether (and for how long) he can afford to operate at loss. If he can't he'll likely be tempted/forced by the financial situation to pull some weird stunt (rig the game, 'borrow' investors money, or simply disappear with funds). With the % of amount wagered system, the above risk is minimised, as op has a steady income. There are also a massive benefits re affiliate programs, but that's a different story.
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... but be careful 15% house odds
Seems a lot. But according to FJ: FortuneJack proudly offers the lowest House Edge in the crypto-currency gaming industry. In most online casinos, the House Edge is around 30% or more. FortuneJack's is 15%. Quite a difference, eh? I prefer slots, had some luck there. Don't know what the house edge is on them tho.
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FortuneJack's campaign is also closed to new participants. They can start a new one from Wed tho
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What do you mean? It didn't redirect me. Still same old site...
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Yes, bitcoin have real value cause you need a lot of hardware, electricity and time to create it.
That doesn't really matter, the cost of mining can provide some psychological indication to where the BTC price should be, but it doesn't create the value. Example: If I buy very expensive paint, brushes and canvass, then spend 100 hours on painting and (since I can't paint a shit) my finished painting is butt-ugly and no one wants to buy it at any price - then (despite the costs) it won't have any value. This isn't really true. Gold has intrinsic value because it is a metal and a precious one at that. You can makethings out of it, and not just jewelry.
Yes, you can use gold for other things. But most of its value is the general consensus that the gold is valuable. If all of a sudden all the people stopped recognise gold as a 'store of value' or investment, its price would fall by something around 80-90% (I've seen some analysis the other day). Helium (the gas used in the balloons) is pretty rare and we may run out of it soon, but it's not considered valuable. Link http://chemistry.about.com/b/2013/12/02/will-we-run-out-of-helium.htmMaybe investing in helium isn't a bad idea?
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Well, that system, if portraited in the long run will fail...
You can say exact same thing about any other system And snuffish is aware of that: I use no "system". Just YOLO as always.. all system fails.
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In the Reviews section (on your website), for prcdice you said: What we don’t like: [...]The operator taking a fixed % of turnover while investors only get a % of profits. Why do you see it as a bad thing? I'd say it's a more sustainable model. It adds some sort of confidence that the dev will have sufficient income to cover operating/promotional expenses even if the site is in loss position for a longer time period. I see it as a strong point of prcdice. Could you elaborate?
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justdave3996
... IMPORTANT: This particular forum giveaway is finished. We will offer new one on Tuesday so stay tuned.
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I'm addicted with pokershibes.com, it always worked good, and it pays well when you win.
Pokershibes are OK, I like them too. Shame they don't seem to promote their site. Sometimes it's hard to find people to play with (especially in SNGs)
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As the other mentioned - SealsWithClubs
But if you prefer to play with DOGE I recommend pokershibes.com. They've been around for a while, had no issues with them. They've got freerolls every 2 hours.
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Czyli jestes na plusie. Super. Wyplaty robia bardzo szybko, depozyty czasem sie wleka. Pozdro
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Just registered. Was hoping to test it playing freeroll, but it ask me for password. How to get the password? How does it work?
For the krill freerolls you need to earn the krill through play to qualify for them. Info is on the website under promotions. There are also SNG freerolls that anyone can enter. They run continually and you can only register when the new SNG opens for registration a couple of minutes after the last one finishes. Registration is done on the website, you have to logon. The format is unique. 6 handed tables that each play down to 2 players and then they combine. After doing that twice you are at the final table and in the money! OK, I've played my firs freeroll, I was chip leader after 1st round, it was painful to learn that it didn't matter, it all gets reset in the 2nd round it was fun tho.
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he he może trochę ja zamieszałem.. W skrócie to wypłacasz bonus jak naciśniesz na przycisk CLAIM NOW! a bonus się zbiera albo z ogółu tego co postawiłeś albo z tego ile straciłeś.. nie jestem pewien a może właśnie tu chodzi o te punkty z "be wagered" w każdym razie zbiera się całkiem szybko.. Ja rozumiem to tak: - wplacasz np. 0.01 - w przeciagu miesiaca musisz to obrocic 30 razy (wager), nie wazne czy wygrasz czy przegrasz, musisz przez 1 miesiac postawic lacznie 0.3 (dice i anybet sie nie licza) - wtedy dostajesz 0.01 Czyli troche ciezko. Czy ja wiem.. na slotach obstawiałem po 60k na uderzenie - zajęło mi to jakieś 10 min Fakt. Jak ci dobrze idzie, to mozesz target wyrobic w 10-15 min. Ale spore ryzyko ze stracisz wiecej niz wart jest bonus.
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Important update: Hi,
Following 16 users have been rewarded with 0.005 BTC. (Others have not met 1 Loyalty Point requirement)
Micky123 Ticoti Cgpice Eros progambler22 zuggu paradocks dbshck Cyberfalcon Goco Ellave Jaaawsh dave0003 Nabilo jefe541 kotwica666
IMPORTANT: This particular forum giveaway is finished. We will offer new one on Tuesday so stay tuned.
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he he może trochę ja zamieszałem.. W skrócie to wypłacasz bonus jak naciśniesz na przycisk CLAIM NOW! a bonus się zbiera albo z ogółu tego co postawiłeś albo z tego ile straciłeś.. nie jestem pewien a może właśnie tu chodzi o te punkty z "be wagered" w każdym razie zbiera się całkiem szybko.. Ja rozumiem to tak: - wplacasz np. 0.01 - w przeciagu miesiaca musisz to obrocic 30 razy (wager), nie wazne czy wygrasz czy przegrasz, musisz przez 1 miesiac postawic lacznie 0.3 (dice i anybet sie nie licza) - wtedy dostajesz 0.01 Czyli troche ciezko.
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... Nie dodałeś, że gdy przelejemy to 0,001 to dostajemy jeszcze bonus za rejestrację - równowartość pierwszej wpłaty czyli 0.001 lub więcej .. chyba aż do 1 BTC. Czyli jeśli stracimy 0.001 w grze - dostajemy 0.001 w gratisie. ...
Calkiem o tym zapomnialem. Jak ja zaczynalem to tego nie mieli. Dostales to 0.001 automatycznie? Zdaje się, że nie jest to automatem wypłacane.. Ja łączną kwotę sign up bonus na 2 razy pobierałem.. W zakładce BALANCE poniżej stanów monet jest SIGN UP BONUS. Pierwsze info to - Bonus currency - czyli jaką monetę przelałeś jako pierwszą - u mnie BTC Drugie info to - Bonus Received - ile zostało Ci przyznane - mój pierwszy przelew 0.001 i tyle zostało mi przyznane Trzecie (w ramce) - Bonus claimed - czyli ile z przyznanego bonusu zostało Ci już przelane na konto gry Czwarte (w ramce) To - be wagered - nie mam pojęcia co to Piąte to właśnie przycisk CLAIM NOW! - jest tam info o tym ile z przyznanego bonusu możemy przelać na konto gry.. Uzupełnia się on proporcjonalnie do tego ile przegramy.. Czyli jak puścimy z dymem 0.001 wtedy na przycisku CLAIM będzie pełne 0.001 - moim zdaniem powinno być od obrotów, albo pełnym automatem zaraz po wpłacie, ale wygląda na to że pojawia się dopiero jak coś przegramy .. jednak na 100% nie jestem pewien od czego zależy jego wypełnianie - mimo wszystko wyciągnąłem go dość szybko Troche to skomplikowane i sie w tym gubie. Logicznie - nie moga ci automatycznie wyplacic bonusu za depozyt, bo wtedy kazdy by wplacal 1BTC i wyplacal 2BTC. Musieli by zwinac biznes w kilka godzin Dlatego masz: Czwarte (w ramce) To - be wagered - nie mam pojęcia co to Czyli ile musisz postawic zeby dostac 'welcome bonus'. W 'promotions' -> 100% WELCOME BONUS -> learn more, masz cos takiego: To ensure fair gaming, you must wager at least thirty (30) times your bonus to cash out any amount of money. If you withdraw money before reaching the minimum wagering requirements, your bonus and winnings will become void. Bonuses should be claimed within one (1) month. Do tego maja Loyalty program "0.0001 BTC cashback for every 100 point" (za Bronze level). Za duzo tych promocji na raz zrobili, ciezko ogarnac. EDIT: Widze ze sie zalapales (jako ostatni): Hi,
Following 16 users have been rewarded with 0.005 BTC. (Others have not met 1 Loyalty Point requirement)
Micky123 Ticoti Cgpice Eros progambler22 zuggu paradocks dbshck Cyberfalcon Goco Ellave Jaaawsh dave0003 Nabilo jefe541 kotwica666
IMPORTANT: This particular forum giveaway is finished. We will offer new one on Tuesday so stay tuned.
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