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6221  Bitcoin / Bitcoin Discussion / Re: STP OFFICIAL ANNOUNCEMENT ON BITCOIN FUNDING on: November 07, 2014, 02:56:46 PM
Not familiar with this company and no idea how big it is, but that sounds like a good news.

Here's the link:

http://solidtrustnews.com/2014/11/06/introducing-bitcoin-money-deposits/
6222  Bitcoin / Bitcoin Discussion / Re: MIT undergrads receives their first free BTC on: November 07, 2014, 02:35:46 PM
Are there any estimates on how many people are going to sell them immediately in order to cash in $100, and how many are going to get to know more about Bitcoin. I wonder how many are going to get them, at all Cheesy

Surely there will be some people cashing out as soon as they can. Others will play/examine/experiment/buy something etc. Either way, there will be a big number of (potentially smart) people who will get familiar with bitcoin.

Even if you sell straight away, that means you've done at least one transaction, you own a wallet, so you've gained the basic knowledge of how it works and you're more likely to use it later on.

Very good project imo. Don't see any info on who sponsors it though.

I like this quote:

Quote
“Throw a cool concept at a bunch of smart people — something cool is bound to happen,” said Buschel.
6223  Bitcoin / Bitcoin Discussion / Re: CODY WILSON PLANS TO DESTROY THE BITCOIN FOUNDATION on: November 07, 2014, 11:30:50 AM
Self-promotion stunt from Cody?

Doubt he'll get a single vote. Voting is done by members. To become a member, you need to pay annual fee ranging $1,000 - $100,000. Don't think anyone who paid will be voting to disband TBF.
6224  Economy / Gambling / Re: [SHUTTING DOWN] [DiceBitco.in | BE THE BANK ! | 1% House Edge] on: November 07, 2014, 11:12:16 AM
I want to invest (bank) in dicebitco.in...... but I don't know if i can trust in you guys (Skipping rolls issue ) or in the new owner of the site.
 Undecided
Even if you missed all the scam/running away with funds posts, Why would you want to invest in a site which is shutting down?

Now i know it.

If you're looking to invest, this thread may be useful:
https://bitcointalk.org/index.php?topic=826466.0

Try Bikinidice which is a new casinò, managed by a very good man Smiley

IMO, you shouldn't advise people to keep investing in new dice sites that have no reputation and no verifiable details. Unless you know someone personally or you are cashed up and willing to part with your money I'd be extremely careful in randomly investing in sites which you cannot be sure are not scams.

Agree. Also, even if the site is legit and the dev is considered trustworthy, there's always a risk of a hack, flawed code, or some 'whale' player winning big, so plenty of ways of losing your investment.

It has been said many times, I'll say it again: Never invest more than you can afford to lose.
6225  Bitcoin / Bitcoin Discussion / Gavin Andresen Rejects Bitcoin Centralisation Concerns on: November 07, 2014, 09:44:40 AM
Just found an article on coindesk:

http://www.coindesk.com/gavin-andresen-rejects-bitcoin-centralisation-concerns-web-summit/

Quote
The Bitcoin Foundation's chief scientist Gavin Andresen has given his opinions on a variety of issues at this year's Web Summit – an annual event held in Dublin, Ireland, that attracted more than 20,000 attendees this year.

The summit has established itself as an important date on the calendars of technology investors, startups and even rock stars, like U2 frontman Bono, who attends regularly.

Andresen gave a wide-ranging interview to the Wall Street Journal's Lisa Fleisher, at the event's 'Centre Stage', discussing the centralisation in mining, regulation by governments and the future of digital currencies.


Cycles of centralisation
Creeping centralisation, particularly among miners, is likely to occur in "waves", Andresen said, adding that this would mirror the pattern seen in computing in general.

He said:
"Centralisation of mining is going to go in waves. Now you see economies of scale for companies that create huge mining farms where electricity is inexpensive. Once those [ASIC] chips become commodities and inexpensive, you'll see it decentralise again."

Andresen likened the cycles of centralisation by miners to earlier computing technologies that saw rapid cost declines over the time, leading to reduced reliance on centralised structures.

"When I was in college in the 80s, we were at the cusp of going from mainframe computers to personal computers," he said. "I worked in tech support, and the biggest wave of tech support requests happened around the time theses were due. People from campus would send their theses to this laser printer and then come and pick them up. That's what computing used to be."

Andresen added:
"It was very centralised, and then the PC revolution happened and everyone had a PC."

Andresen graduated from Princeton University in 1988, majoring in computer science.

Nodes numbers not a concern
When asked about other weaknesses in decentralisation on the bitcoin network, such as the declining number of nodes, Andresen was similarly unbothered.

He told assembled journalists at a press conference after his onstage appearance:

"The technology is still so early ... it doesn't really concern me much. Right now we have 7,000 nodes. It's a good number. If it was 700 or 70, I would be more worried. We're still a couple of orders of magnitude away from where it would be a problem."

He indicated that changes are underway on the technical side that would make it much easier to run a full node, but explained "we've simply had other priorities".

Andresen also addressed the issue of regulation of digital currencies by governments, welcoming the attention that governments have given to cryptocurrencies in recent months and even expressing sympathy for regulators who have to grapple with the complexities of creating a framework for bitcoin.

"Regulators have a hard job," he said. "They have to react to this new technology and try to fit it into laws that were passed 40, 50, or 100 years ago. It's really a struggle for them."

Need for balanced regulation
Andresen singled out China and Russia as states that have approached bitcoin regulation too severely.

"Certain countries around the world take a much stricter approach ... countries such as China and Russia have been really anti-bitcoin recently. Their first impulse is to ban something and, if they think it's good, they'll allow it," he said.

Andresen highlighted BitX's efforts to raise bitcoin donations to combat the spread of ebola and bitcoin ATMs as worthy ways of increasing awareness around the digital currency.

"Bitcoin ATMs are a wonderful thing. I'd love to go to a bitcoin ATM here in Dublin and get some euros ... I could really see that taking off and taking bitcoin mainstream because international use of bitcoin will be the first mainstream place where it happens," he said.
6226  Economy / Gambling / Re: PRCDice.eu - Largest Dice invest site - Open since 2013! Chat, Play, Invest! on: November 07, 2014, 09:20:20 AM
Any update re affiliate payments?

First it was Mon, then Tue... It's Fri already and still nothing
6227  Economy / Services / Re: FortuneJack.com NEW Campaign – Earn 0.12 BTC!!! Weekly Payments. on: November 06, 2014, 07:21:00 PM
It's unfair!  30 POSTS per week is  two many. the pay out is too little for so many posts! It ofen 30 posts per two-weeks.

You know no-one forces you to participate, right? Don't like it, don't join.
6228  Economy / Gambling / Re: Bitchoices.com | Promote your gambling website with refferal links on: November 06, 2014, 03:55:49 PM

Ok i am removing it
i don't want to offend you guys

That's better.

So how does it work? Can anyone add any website for free? If so, what when 2 people post the same website, but with 2 different ref links? Will you add them both or just the 1st one?

6229  Economy / Gambling / Re: Primedice | The Most Popular Bitcoin Game | 1% Edge | PVP | Active Chat | Faucet on: November 06, 2014, 03:32:37 PM
I lost 12 btc can i get it back ? Cheesy

Contact support. Say it wasn't you. Blame it on a cat.
6230  Economy / Gambling / Re: Bitchoices.com | Promote your gambling website with refferal links on: November 06, 2014, 03:18:06 PM
Your URL links are wrong. Edit them.

oOps!
done

Hey man! Why is that your sig states that bitcoin is dead? That is bad. Sad

Yes Bitcoin is dead Sad @340$

So why did you create a website that promotes other bitcoin websites? If bitcoin's dead, all related activities are dead and your website has no purpose.

No offence, but it makes you look a bit dumb. Drop the sig or don't bother with running a bitcoin-related site. One or the other. Be consistent.
6231  Economy / Services / Re: PRCDice.eu - Signature campaign + Affiliate Program on: November 06, 2014, 02:50:00 PM
Any other good sig campaigns? This was going to be my next, but they closed.

Check this thread if you haven't already:

https://bitcointalk.org/index.php?topic=615953.0;topicseen

Not many options for full members tho
6232  Bitcoin / Bitcoin Discussion / Re: Monsanto & Bitcoin Argentina - Together ? on: November 06, 2014, 02:20:48 PM
I cannot believe that a Bitcoin event is being sponsored by all of those major companies.

Are you sure it is not another event sponsored by those companies that happens to have some Bitcoin speakers?

ie...since when has American Express started sponsoring Bitcoin events?

This.

There's no way that all those companies sponsor Bitcoin Argentina.

I'm pretty sure that their sponsorship relates to AmCham Argentina (American Chamber of Commerce?), and the AmCham is hosting/partnering the bitcoin event.

So don't really see a problem here.
6233  Economy / Gambling / Re: FORTUNEJACK.COM | No.1 for Cryptocurrency Gambling | Provably Fair | 1 BTC BONUS on: November 06, 2014, 02:06:50 PM

Hi, current referral program pays for only one month, but new affiliate program will replace the existing system.  We are finalizing it and it will be live on Saturday/Sunday. Affiliate program will me much comprehensive with much higher payouts so stay tuned.

That's sounds great, can't wait. I hope dice game will also be included.
6234  Economy / Gambling / Re: Martingale Strategy on: November 06, 2014, 11:22:49 AM
...

If you have 1 btc you can afford all these bets (last bet is 0.33)

So yea 26 loss streak is extremely rare, on the other side betting 1 satoshi is really low (right now 10k satoshi = 0.03 USD)
Meaning that you are basically betting 0.000003 each bet so you need to win 10.000 bets to win just 0.03 USD
100.000 to win 0.3 and 1 million to win 3USD, Unless you have a betting bot that can do that extremely fast i dont see how it would work


Wrong. You assumed that every bet is a winning bet. In practice, you'd need at least double that number.

But you're right, with the example you stated, without superfast bot, it won't even cover the electricity cost.

It's better idea to modify martingale. What I prefer to do is set payout rate at around x1.1 and then (on loss) multiply basic stake by slightly above x10. Then most of the bets are winning bets (statistically 9 out of 10). That massively speeds up the process.
6235  Economy / Gambling / Re: FortuneJack Live Cryptocurrency Casino on: November 06, 2014, 11:02:17 AM
Hi Support

I am unable to play any games on the casino. Have you banned me or something? Everything i try to play just freezes. I can see other peoples bets so i guess the problem is only with me. I restarted the system and checked, same result. I tried to raise a support ticket, but unable to raise one as the submit button is greyed out. Im feeling lucky, so can you please check this and let me know?  Wink

Im not sure if anyone else is facing issues too as there is no one in chat, or so it seems.



You should post it in the official thread:

https://bitcointalk.org/index.php?topic=774929.0

Have you tried different browser?
6236  Economy / Gambling / Re: Martingale Strategy on: November 06, 2014, 10:56:56 AM

So this method doesn't work then?


It works great. It guarantees winning, you 'only' need 2 things:

1) unlimited funds
2) fair game with no max bet limit

Just a side note: some time ago Dooglus published a records from JustDice, the longest martingale streaks (win/lose) were both above 30.
6237  Economy / Gambling / Re: FORTUNEJACK.COM | No.1 for Cryptocurrency Gambling | Provably Fair | 1 BTC BONUS on: November 06, 2014, 09:56:12 AM
Question about referral programme.

I know we get paid % after 1 month on player's loss, but do we get paid only for the 1st month of player's activity, or is it longer?


We will launch Affiliate program very soon (within next 5 days) with very good terms, it will include our banners as well.

Any news on this? Is it going to replace the existing 'refer a friend' system?
6238  Economy / Service Discussion / Re: Dell.com accepts Bitcoin..... but Dell.ca doesn't! on: November 06, 2014, 09:39:03 AM
The big corporations limit their locations that they accept Bitcoin until they're 100% sure about where they can and can't trade it, Overstock for example accepted it in the U.S and now they're moving to worldwide, it's all just because the laws are different in each country.

UK has more friendly approach towards bitcoin than US, but you can't pay with it on Dell.co.uk. I don't think uncertainty over regulations is a main reason. They're 'piloting bitcoin' to see how it works out, if it's worth the effort - they'll implement it worldwide.

Or maybe international divisions have enough independence to decide on such things themselves?
6239  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.8 Required Update on: November 06, 2014, 09:20:42 AM
Looks like Dogetipbot has raised quite a bit in Venture Capital.

Congrats Mohland.

http://www.coindesk.com/social-tipping-tool-meme-dogecoin-446k/

$500,000 for a tip bot?  

That is fuckin cray cray. rofl... I wonder how that works out!

Must be something we don't know. The article doesn't say much. What do they need those $500k for? Are they going to implement it/expand on other social websites? And since it's an investment, how are they going to earn money on it? Fees?
6240  Other / Beginners & Help / Re: Newbie Gambler on: November 05, 2014, 10:59:50 PM
You should decide whether you want to gamble or invest. Doing both usually results in gambling away your investment.

For investment comparison see this thread:

https://bitcointalk.org/index.php?topic=826466.0
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