You are not being made to feel like a criminal for wanting to bet with BTC , it is not about betting with BTC or FIAT just that UK residents isnt allowed to bet at an unlicensed gambling sites and unfortunate most of BTC gambling sites are unlicensed.
These unlicensed gambling sites has no other option than to comply with the regulation otherwise there is a chance that their business might be taken down or that I suspect there is some serious threat from the UK gambling commision judging from how quick all of this site comply to them


Soon I guess, with UK gambling commision going hard for all this illegal gambling activities then I suspect the US will be heading the same road soon. These aggresive move is to prevent a random guy from opening an illegal gambling sites out of nowhere and think that he could got away from the regulation

Your statement is quite contradicting each another ( the first and the second ). Basically if you are base-ing it on future potential value then you do not need to worry about the current exchange rate. With that being said, this is what most bag holder sees, they left out the current exchange rate and keep on holding because they do believe that BTC has a potential to go until 4 figures at least ( in term of price not value ). You are not doing it right because you are focusing yourself on the current exchange rate if you really value them by their future potential value

Also that you should note that there is a different between "value" and "price" . BTC with no doubt got some potential value in the future but that doesnt mean that this value will go along with its price


Standard things of economy, supply and demands. Which means that according to this theoretically , the price will increase in the future because the supply is fixed on 21M supply but only if there is a demands on it which means that mass adoptions is indeed needed for this. This is according to theory which alot of bagholder hold their principle on which is also the reason why they keep on holding and waiting despite that they could get some profit from a small rally or rebound

"IF" words actually shows that you are uncertain about your research as well , noticed how many times you use the word "IF" ? that indicate about your uncertainty . Also I doubt you conducted any "research" at all considering that it is only words of yours without any calculations or whatsoever. You should take a look Johny's post just above yours, that is how you should do your "research" , Math and calculations rules this universe

Also that what do you explicitly means for your words "de facto" world currency ( this sounds like a "NOUN")? your statement is quite confusing and a quick search of wikipedia lead me that "de facto" means some thing like "in fact" or "according to fact" . According to which fact are we talking about because you keep on using the word IF?

https://en.wikipedia.org/wiki/De_facto

How about showing some proof to support your statement instead? Some simple maths will do on why you are saying this is a gold mine instead of too much of IF words there. Basically I am on the side that oppose BTC as a retirement account though ( feel free to dig up my post on this thread regarding my reason on this )


  ( no insult intended whatsoever )

I didnt metion anything about you said it either, I mentioned that you cant compare a video game with BTC because both are not the same kind although both are "virtual" things to begin with 

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For the first bolded part, I do think prices in FIAT change as well but it is much easier to explain and doesnt involve alot of decimal numbers to begin with and also that AFAIK most prices in FIAT will always increase . Rather with BTC, value is going up and down the whole day which is not understandable for kid

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For the second bolded part, it seems like this statement doesnt indicate thing about "teaching kids about BTC" but rather "buy them their favourite toys with BTC" .

As for the red colored part, this is what I keep on pointing from my previous post. Basically the price of each stuff are in FIAT which means that the value differ each day ( or even minutes ) which of course will raise awareness of kids on why such things happen and this is what my food for thoughts is. My question stands, what will you tell them about the value that is increasing and decreasing in a day?

P.S : this will be a question to anyone that wants to counter my argument as well, feel free to give a shot .

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For the third bolded part, with just some numbers on a plastic you can get anything you want with a single click as well ( Im merely pointing this to Credit Card if you dont know what I meant ). Much easier to teach kids about some magical plastic card that could buy some stuff eh?

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As for the fourth bolded part, it is almost the same as the second bolded part . It is nothing about teaching kids about it rather buy kids their favourite toys with BTC

What are you trying to say exactly? it seems like your statement is pretty much reversed

P.S : corrected it to make it much more comprehendable


First of all you should know how to differentiate both of this term, Investing and Saving, because it seems that you have the tendency to keep on messing up between saving and investing . First of all , both are actually different although both have the same thing in common which is "save" your money. The difference of this both term is in how do you point your view towards it (quote below)


Basically if you are saving for future usage as in for retirement , emergency usage and such then it is classified as saving , not investing . If you are "saving" to gain more than this means you are seeing it as another form of capital for you to gain more which means this is classified as investing

You cant compare video game with BTC. A video games has been always a part of kids life and it is undeniable. A game is a game but BTC isnt a game , it is a currency . Currency that is untouchable and unseenable , of course we do have a physical coins that can be touch and seen but that is just a niche of it because BTC is "virtual" in nature


I have voiced my concern regarding this , mainly because prices of the stuff will be in USD ( or any other currency ) which means that this will differ each day because of the BTC volatility . Also not to mention about the decimal value which could be quite confursing for kids at their young ages

i.e $10 = 0.0378 BTC and $11 = 0.04017 for today and it will be different tomorrow depending on the rate tomorrow

From the example above you would see that it would be confusing for some kids that the each increment of $1 in BTC will generate a different decimal number each day depending on the rate

P.S : Do note that this is a rough count of the price and I am using USD to make the calculations much simpler


FIAT isnt so complicated because it has a fix "number" . $1 will always stay as $1 note no matter how big the inflation rate is , what matter about inflation is that $1 wont be useable anymore to buy some stuff but still $1 will still be a $1 note.
With BTC the value of it differ each day depending on the current rate which is quite confusing especially because it is involving decimal number for it , this is confusing for kids

As for the bolded part, Im not quite sure if you mean tell them how to "send" BTC or how to "use" BTC . Basically one couldnt use BTC to buy some stuff without knowing about the price but if you meant how to "send" BTC then it is pretty much just a single click on your wallet

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So some food for thoughts :
you teach your kids that $1 equal to = 0.003 BTC today then the next days when he realized that $1 is not equal to 0.003 BTC anymore and so on. So your action is? will you teach your kids about how the rate of it could change so much in overnight? basically this is about volatility issue

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Back then I remembered we are still using a whole BTC because it is pretty cheap rather than 0.xxxx BTC to express $1 and volatility isnt a major issue back then


I'd say teach them how to send and receive only without relying on the current rate of BTC for that moment. Basically things with "spend" involve the current rate of it in FIAT as most stuff have the prices on FIAT so this will simplify things if you are going to teach your kids about BTC and stuff

P.S : I could be wrong about the spend and send stuff

You are making your argument sounds like crypto is not hackable though. It is no doubt that crypto especially BTC is much more secure than a traditional bank however it doesnt meant it is a top notch security and is not hackable. The history of BTC is pretty much full of hacking incident especially that occured on a few exchanger several months ago and not to mention the MT. GOX "incident"


BTC is absolutely different but again it is still hackable. With all the hacking that occured throughout the world and also alot of bank robbery that happened , it will take more than that to shift people's choice into BTC as an alternative to secure their belonging.
Mainly the reason for that will be that because not everyone know such tech-things or that people will still have some confidence with banks because it has been some sort of "tradition" or "common sense" to secure your money in a bank ( even you learned it when you are in your elementary stages that you need to save your money in a bank )

This is not a big issue if you are a business owner that accepts BTC because you can always use some sort payment processor to convert the price into BTC equivalent with the current rate. However if you are merely pointing this in the point of view of a customer than it is a risk that someone should take if they are using BTC as payment method.

On the other hand, if you are dealing with larger amount of transactions then there is an advantages of using BTC which is that you will pay less fee for the transaction which is a good deal and of course no question asked even if you are dealing hundreds thousand of dollars overnight unlike FIAT transaction in a bank


With the current volatility, it is pretty bad decision of course to relly on BTC as a life savings but if you are a fan of security then it is pretty much safer to relly on BTC rather than traditional banking system if you know how to secure them properly .
Not only that BTC is vulnureable to a hacking but a banking system could be hacked as well, it is a delusion to think that your life saving is save at a bank account because both is hackable but BTC is much better in term of security

This is pretty much double standards, at one point it is great things which means that there will be less illegal activities that is involving BTC for the transactions and this would serve more confidence for people to start using it as this means it is the same as traditional FIAT which is regulated and trackable with difference that this will be in digital form

However on the other hands for those who have been involved in BTC then this totally means doom, basically because we dont know anything wether our coins has been tainted with illegal activites or not. People will be suspected for their involvement in an illegal activites if their coins are tainted with that stuff

So this is a more to a double standards things which is good for some point however it is not a good thing for some side. Depending on wether if you are new in crypto or not then this will makes such different benefit or loss for some people


Freedom doesnt exist anymore. Too many things are being regulated recently and people cant go freely anywhere they want and do stuff they like without having to worry about breaking some laws or so.

Some people do love to lure people in for some extra earning in a gambling sites without them having to play by themselves , no doubt about it. However do note that this could be abused easily, so some extra precautions for this system is a must if you guys decided to launch an affiliate system for betterbets eventually


Some people just got fond enough with their current site and not being able to let it go and try the other site.


No doubt that he will be able to create , afterall he is the magician that created betterbets 


Cant wait for this !



Well this reminds me of something that I have thought about before (not sure if I have told you this before ). Instead of giving 10 % of the house edge for the affiliation system, I think it is a good idea to do some sort of rakeback for the players as because not everyone is fond to spread referall link and prefer to bet on their own then doing some rakeback for 10 % of the house edge would be a good idea as well for those players ( it could be less depending on how you want it though )

Not saying that you should drop the affiliation system but this rakeback idea is good enough to consider as well, might be great to lure in some more players as there are no site to offer this yet ( I may be wrong on this )

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I didnt notice this as well until I read your post, thought the colours of the ball is always the same


Are you using firefox? firefox seems to be not responsive enough for the new plinkoo game (happened to me with firefox)


The animations stop if you are switching to another tab


You can expect this to be soon enough ! 

It will not happen I can ensure you about this . Firstly, it is because each country has their own ministry of Education , whose job is to assign a suitable curriculum as well as books for the country's education system. This means that there is no chance for BTC to be included in children's education
Secondly, BTC is suitable for young teens most likely then childrens. Even most adult are having trouble with tech-things which I have doubt that BTC isnt suitable to be introduced to a children especially that BTC is considered as something that is "unreal" (virtual)


Explaining something that is "unreal" which is especially untouchable by a kids is a pretty much a bad idea


The bolded part indicate that it is will be hard for kids to learn about this stuff.

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Teaching kids about BTC is pretty much very different than teaching kids about money. There are few concerns of mine regarding this

#1 BTC mostly use up decimal value for the smaller sum i.e $1 = 0.003xxxx which is hard for kids to comprehend things about decimal
     value in such young ages

#2 The price of BTC is too volatille. It may be a 0.003xx for $1 today and it might hit 0.004xx tomorrow so since the price is unstable 
     and volatille it is not suitable to teach kids about it and it will require you to explain the whole things on how this numbers change up
     each day and that would be complicated things to do

#3 Teaching kids something that is untouchable and cannot be see is like teaching kids about some fairy tales story

Conclusion on how to teach kids about BTC : dont teach them something that is not comprehendable by them yet

10 % of the 1% house edge would means that you guys as the application owner is giving away 20 % of what you earned (that is quite a sacrifice there I'd say). I know that Ryan is never a fan of referall link so I doubt that he will be building a referall affiliation then does this means this will be built outside of the moneypot system? If it is outside of moneypot system then this will require quite hard work to check on it daily , no?

Also that having an affiliation system is a great thing to consider for a site in term of boosting their marketing and stuff however please note that this is not always a strategy that will bring more players to the site as some sites even suceed without affiliate system , like bustabit for example

tl;dr : Yes it is good but will not always brings a good player conversion rate also it can be easily abused, so beware

No , not everyone win during the HappyHour and it is not hard to win because it is just matter of pure luck ( and internet connection I guess )


The bot will select user that is chatting on the chatbox randomly and there will be alot of spam people trying to spam of course (thankfully there will be mods to handle this spam ). If you are selected then the chat-lotto will give you a question that you need to answer by providing the correct answer and your wallet address in 30 seconds.
The question will not be hard, most people will get it right instantly unless they have a bad connection and 30 seconds exceeded

i.e Which is body parts from these words : ears, food , 47 and school

There is no no way to know what the others will do with the coins purchased. Everyone who purchased at this desired prices is indeed a winner no matter what he is using it for if we left out the "trading" and "purchasing" part.
The fact is someone willing to buy at X prices means that he wants it at the X prices , if he dont then he can always look for the other prices , this means that he bought at his desired prices despite what he will be doing with it later on


Of course not, having a conversation and discussion about a thing is a good way to correct yourself as well. I am pretty much open to be corrected by anyone who thinks that my argument might be wrong or missleading. Feel free to counter me up whenever you encounter my misleading post or hit me up for discussion through PM 


This is what Borisz wrote exactly, however even if you are buying something for lost . I'd say that it doesnt matter, you are a winner as long as you bought at your desired prices

Sadly not everyone is Warren Buffet and harder truth would be that not everyone will have the same luck and be the next Warren Buffet. I would make the same things as well if I born at the same time when he was born.
Every single person that tried to copy how someone lives doesnt know how to live their life in a proper way


Care to explain what do you mean without any restriction? AFAIK , there is no restriction to invest in anything as well but if you actually meant that there is no risk then I would say you need to revise your post. Mainly because everything is risky to begin with and there will be nothing that is left without any risk. Even saving in a bank or putting your money under a mattress is pretty much risky as you seem to forget that there are some risk about the inflation that is keep on happening yearly

Depending on what you are needing it for I'd say, either saving or investing has a different purposes based on this, is it for future usage or is it as a capital to gain you some profit? . Any option of these two bear some risk and the only difference would be how risky it is if you are to compare it with each another .



Indeed, I have the same opinion as well. Sign is there that it is declining, might be another few years to see if this coins will survive or not


You should revise your post regarding this. Trading is not an investment. You cant say that it is trading when you are keeping stash of your coins and to sell them just a year later on if the p. Investment is much more about holding while trading is much more about buy and sell activity at the marketplace

You have much to learn about this sad truth. No it is not depends on the miners solely but the truth is that it depends on the traders that manipulated the price. Miners dumping their mined coin have less effect to the price as it has been going on for quite some time and people barely noticed the effect of it.


You should note that there will be no one that mine BTC anymore if mining isnt profittable for them and it is quite delusional to say that once cost of mining will increase then the price will increase as well .
Manipulation will still be there to manipulate wether the price will go up or down even if the cost of mining > BTC price and the fact that people think that if miners stop dumping their mined coins then the price will increase then it is a delusion BTC.

There are about 144 blocks daily which is 144 x 25 = 3600 BTC daily to add to the total supply in circulation and not every single BTC mined will be dump to the market instantly. Which means that this conclude my statement that miners isnt the major factor to consider if you are looking for a reason of the price decline

You should have noticed that in the early 2015 the price has been dropping to a bottom of rock of $170 ~ (btc-e) this is an unpleasant things for BTC especially it is happening when there is a BTC conference ongoing the same year . Most people are judging about wether BTC is dead or not based on the price of it, so with the declining of the price we could say that this is indeed a miserable year for BTC to start with.

However on the other hand, it seems like the price has been steady for few months ( if you left out the previous rally to ~$260 ) which means this is a good sign that we might be ending this year with a good thing . Steady price is always better if you are talking about mass adoption as most people tend to stay away from volatille stuff


BTC has always been noticed by alot of companies. It doesnt matter if companies are noticing BTC because what matter the most will be when will they be accepting BTC as their payment method. The same thing with individual, alot of people have actually heard and notice it but people tend not to use or left it out as FIAT is still more convenience for them to use


It is mentioned more often in a negative news. Cant blame the media anyway as they are just doing their job. Basically it is because people loves to hear more about drug transaction with BTC rather than proposal about the 20mb fork .

Better in term of interest gained is pretty much correct however you should note that the higher interest gained then there will be a higher risk as well. Depending on what do you use your money for, actually both saving and investing are almost the same and it depends on how you are using it.
If it is for future usage then saving is the term for it but if it is for capital to gain more than it is an investment. Best thing will be to combine both of them , safe deposits could be the answer for this which involves "saving" and "investing"



What would this long term investment be? If there is a risk then there is a chance for you to made a wrong choice and basically that there is nothing safe to begin with and the key to do reduce the risk of an investment will be a financial management rather than going all in with either a long or a short term investment


Pretty much a delusion thought I would say. Having a long term investment isnt a guarantee that you will earn some because there is a risk to everything. Also that to "earn some" , you dont need to put it into a long term investment.
You could always choose a short term investment to start "earning some" , rinse and repeat the pattern for a quickswing of profit. If you take a look at the conversation above you would know that altcoins could be a way for "short-term" quickswing of profit

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Seriously what are you saying? You should know the difference between an "investment" and a "scam". HYIP / PONZI is never an investment to begin with , it is a scam since day one.
This must be a reason why alot of people are lurking on the investor-based games board and I think you should get yourself educate on how to differ a scam and an investment

If you are thinking for a quickswing of profit then this is a good move however I will restrain myself if I were you to get altcoin as an investment because most of them are failure and are meant to be for quickswing of profit


Any relevant data for this? Apart from the price keep on stabilizing , I dont see any sign of its failing but it is declining right now. You should note that there is a difference between the words failing and declining. Doges for an investment might worth a shot especially if you do love to get a stash of it however getting an investment with doges shouldnt restrain you from taking a profit if there is a quickswing.
No doubt that doges are wonderfull if you are looking for a quickswing since even 1 satoshi could gained you a high profit if you have some stash of it


Want to here some advice from an altcoin enthusiast? NO as an investment but YES for the Pump and Dump scheme


Litecoin as an investment? You got to be kidding, although the price is holding off right now there is a tendency that the value of it keep on declining especially after the recent event of the developers jumping off the ship. However the community for this coins is quite strong, so it will hold off for a few years

No it is not this case. Basically you are seeing this from the price perspective that is why you and most people are getting the wrong thoughts on it. It is not about the price but merely about what price are you gonna buy it at

i.e I bought at $240 and sell at $242. Im thinking that I am a winner while the buyer is a loser ( this is from the traders perspective, my point of view as well) however Deisik and Borisz pointed out that this isnt always the case because someone that bought at $242 do need the BTC for other stuff which means that in his own point of view he is a winner as well because he got the BTC at the price that he desired for

It doesnt actually matter on how he will spend it because what matter the most is on what price is he buying it at and someone who bought BTC at his desired price is a winner as well.

P.S : hope this clears out , basically this whole things is caused by my silly quote that is only viewing it from a trader's point of view