It is not wether it is a small accounts or not but all accounts will have the same timeframe of ROI. Based on some vouches at litecointalk as well , I noticed that it will be atleast 4 weeks and 7 weeks maximum incase LTC drop of the 0.01 BTC mark


This is how the ltcgear ponzi will restart itself again. With more and more vouches coming in, more people will be then tempting to pay the fee. If we recall back to the anniversary discount, the timeframe to ROI is 4-8 weeks which is the same as the current timeframe to ROI. Those who get in faster will benefit more from this ponzi so in the end there will be always victim ( Will the history repeat again? )
We are back into square one where most of us fell into this ponzi, people will then forget about what he owed us as long as this ponzi keep on paying each weeks to those who have paid the fees.

I assume that we are discussing about major exchanger here and so if you are not aware yet, impacting a small exchange will bring nothing but a harm to yourself .

Lets say that you decided to either buy or sell 100 BTC.

If you decided to buy 100 BTC then you will get nothing but a lost because once you bought the 100 BTC then you are suffering a loss as the buy order of that exchanger will still be the same ( you of course need to sell them back for profit as a trader ) because trader from small exchanger base their decision to buy or sell on the other major exchange

If you decided to sell 100 BTC then you are suffering a lost as well because I do believe that the buy order on that small exchange wont be able to hold of your 100 BTC . You will then sell below market rate and those who put on buy order on the lowest will get the higher return for this foolish act

tl;dr small exchanger price manipulation wont bring any impact to the major exchanger but it is vice versa

Thats what my concern is to buy a stuff you need to put in the right amount needed. The value for $1 might be 0.003x BTC and it could be more or less by tomorrow or a day later. This could be confusing for kids especially that involves decimals and such.
If you are showing it 1 time then it is fine but of course since you mentioned practice as well , I'd assume that involves constant trial and within those trial the price of $1 is different each time I suppose

tl;dr : kids are kids, let them be it .

If the price of each BTC has been rising atleast 5-10x of the current one by 2030 then this is reasonable amount however if you are planning to make an "impact" or "manipulate" the market then you need to know how to do it properly because having 10k BTC by that time would be useless if you dont know how to do it properly (read above for my post on how it is done)


Thats how manipulation affects the market. Volume is needed otherwise putting a huge wall on small volume market will be useless since it will be easily identified as a bullish


Sadly this dont applied to everyone as people might be soon to jump off the ship once we hit -10 % or so


Not claiming, based that on my past experiences. I was in a group of what you call as "pumper group" or whatever it is


I suspect around 60-80 % of mined coins goes to market , miners need to pay for their electricity as well

Yes you dont have time to put in your calculation here but you have a lot of time to post throughout this economics section it seems (?). Also it seems that I told you already ( not sure if it in this thread or another one ) that too much use of the words "IF" actually indicates an uncertainty of yours as well.

As for the second bolded part, 10 % of the average population dont have money and 1 % do ? where is the rest of the 89 % stands? Using GDP data as calculations is pretty much unneeded because this isnt the same thing as the world currencies or else. You should probably use data such as number of user and purchasing power in this case as because not the entire population will pour into BTC

By the bolded part, do I get it correctly that you are saying saving in FIAT is not possible because inflation rate is much higher than the interest rate per annum? If it is so then the same thing could be applied to saving in BTC as well because the percentage of the price decline could be the same as inflation as well. Also that saving in BTC doesnt mean that someone will keep his savings in form of BTC forever as you might someday exchange it back to FIAT just to find the value has been half of when you bought them

P.S : it has been discussed alot but none has given a satisfactory answer on this matter, could you then? As a matter of fact , I am a fan of BTC security but I cant seem to let go the fact that I am losing if I save my saving in BTC because the tendency of the price keep on falling

As a matter of facts securing money in form of BTC is the best security nowadays however this doesnt mean that it will be easy for people to shift their choice to BTC right away as there are other stuff that needs to be consider about such as the volatility issue . Common people would not love to have have their saving in BTC to be declining day by day ( or increasing ) .

Also that as most people are techsavvy, especially the older people,  I doubt that people will want to go into trouble to secure their own belongings while they can easily put it into another bank abroad (Swiss for example) and it is hard to convince people that you can store your own money in your own computer in form of a virtual coin. Try to tell that to your grandpa and see what his reaction is.


For the bolded part of yours, who are we again? As we are decentralized this means that everyone is on their own in this matter. The community wont go into such length as to provide such advert campaign to lure people into BTC. Everyone got here to use BTC by their own decision and/or from hearing words about it not from seeing any advert campaign in the street's billboard or so

As a matter of facts this is quite untrue to compare both of this. Banks and exchangers serve a different purposes as banks are meant to "keep your money" ( and use it to lend another people and get interest from it ) but exchangers arent meant to be used as a platform to secure your coins. No matter how secure an exchanger is people still shouldnt be putting their coins there to "secure" it.
Another note, banking system is an old fashioned system that seems couldnt be undergo anymore improvement. These banking system may varies throughout each country however all of them are pretty much the same.


Not everyone, traders still loves to store them at exchanger because it is much more convenience that having to move your coins back and forth each day


Are you pointing this to multisig? I doubt that many exchangers are using this already

This is pretty much unneeded because accepting BTC doesnt mean that your business intended to target only BTC user as some people might be interested to know more about BTC the moment they see a business only accepts it as a payment form. Some people might be enthusiast enough to learn about it but it depends on what is your target customer. If your target is a 50 year old grandpa than I'd assume it will be a bad business but if it is a young teens and such then it could be a good idea.

In fact it may not be harmful to offer BTC only as a payment method but it will not be as successful as accepting both FIAT and BTC as a payment . Accepting both could be much usefull and that wont prevent people from stopping and turn away the moment they saw that it accepts BTC only

So its a year old news and people realized that now ( or it has been discussed before?) . Everything with the company is pretty shady to begin with. Regarding the FIAT that was left untraceable, there isnt anything sort like that because it is indeed an inside job meant to steal and keep it hidden for some reason

Banking system allows the bank to locate any FIAT transaction made from a bank account to another bank account which means that all of this transaction should be listed in a database otherwise the bank is the "stealer" themselves. It is pretty much easy to locate a 2.8 billion yen even though if you split them up to hundreds bank accounts in a smaller increments. It is definitely funny if no one knows the existence of this FIAT

P.S : if you left the BTC part as well as the company and just focusing on how FIAT dissapear then this suited in this section

If security is the one and only thoughts that you want when you are saving than BTC is a great choice for that however with all due respect , not everyone is a believer that BTC might be 4-5 figures in USD for years ahead. The great swing of the price is pretty much another aspect that someone should consider when deciding that he wanted to save in form of BTC .

Nothing is indeed much better than BTC in form of security but the huge volatility is what prevents most people from jumping into this ship. Also that not to mention the risk of it become worthless in overnight , however this is highly unlikely to happen


This is always what I've seen around here. People thought that to either gain interest you need a big capital however this is a false statement. You will still gain interest no matter how small your capital is, difference will be that if you have a big one then you would have big gain of interest as well however the risk that you bear are bigger as well

Escrow helps to secure a trade . With escrow , you dont have to worry that that you wont get something your things after you delivered yours to the other party


Escrow secure account by first verifying a sign message from an address related to the account, this is to prove if the account isnt a hacked account. Secondly, escrow will need to change password, secret question and the email associated to the account this is to prevent the previous owner into acquiring back his account through forgot password feature.


Escrow cant do that. Best thing for account trade is that escrow secure both account and BTC for the payment and deliver them both to the buyer and the seller. Escrow will first secure the account from the seller ( see above on how to secure account ) and verify the information related to the account such as post , activity and trust if it is matched with the description of the account that is being sold.

After making sure that the previous owner will not be able to get back his account, Escrow provide a payment address for the buyer ( his own address not the seller's address ), buyer fund the address with the amounts that has been agreed upon . After it reaches 1 confirmation, escrow will release the account to the buyer and ask him to change the account passwords and such. Escrow makes sure that he will not be able to access the account again then after that release the payment to the seller

for references to see wether password has been changed or not https://bitcointalk.org/seclog.php

I dont see a reason on why 3-4 team parlay is needed if you will only get 1.40 odds. Basically risking for 1.40 odds in a parlay is pretty much a bad decision because once a team lost you lost it all. It is much better to pick up a single bet match with 1.4 odds as well and the risk for it is much lower than risking the same odds with 3-4 matches


Betting on such delusion will bring harm to yourself. Eventhough there is a tendency that most matches will end up with less than 2.5 goals it is not a guarantee that it will always ended up like it . Basically as the match proceed to the final, there will be much more tension in the tournament and there is a chance that we could see more than 2.5 goals


He is merely pointing to Joca's referall link because his thread has just been taken down due to referall link

A numbers? If you actually meant to select 1 number and martingale them all up then it is a complete disaster as the probability to win is low enough especially if you are playing it in roulette


Having a negative EV isnt always a guarantee that you will "always" lose and having positive EV isnt a guarantee that you will "always" win ( in the long run then it is almost always ). You cant turn your negative EV into positive EV unless you become part of the house by investing on their bankroll however there is a method on turning that negative EV closer to zero "if you know how to do it properly" . Im merely pointing it to bustabit for example because it is pretty easy to turn the tide there with the bonus for each rounds


Betting 2 out of 3 colums or dozens and martingale them if you lose strategy is pretty much the same as betting on either red and black and martingale them all out with slightly higher chance to win

Good connection isnt a guarantee that you will be rolling fast at the site because there is another factor that affect it, latency of your network to the server. References below, shows that dadice managed to get 1 roll/second with a 1 satoshi bet while I rolls 1 roll / 2 second although I believe I have a decent connection as well.
Latency is usually affected by either your connection and/or how far you are from the server , the farther you are then you will get a higher latency with the server. You could try to use a 3rd party bot to roll at the site if you want a faster roll than using the embeded bot

IF he is so generous to provide a free shipping as well as latest tech on the boards then he wouldnt need to ask for the nonsense fee anymore. The fact that he is asking for the fees is that he got no more BTC to continue his ponzi operation. Instead of generousity from Chris , what the community receive is nothing but another dissapointment for months. He wouldnt need to ask for nonsense fee instead if he is really "mining" especially with his gen2 boards though. I have doubt myself that even gen2 is real.



Quit having faith in a human, have some faith in God instead and hope that Chris dont provide another dissapointment. This is another reason why he isnt jailed yet. People trust him, have faith on him and give him the benefit of doubt. Instead of doing all this useless stuff and wait for another dissapointment , it is better to make him go to jail instead and so we can all move on from this bad dreams

100,000 satoshis equal to 0.001 BTC and thats not even $1 yet. I dont mention anything about teaching them volatility and such but rather since the value of $1 to BTC always change due to the volatility it will be harder to teach rather than teaching kids to use FIAT


There is a diiference between "teaching" and "showing" and basically what you are putting on as an example is merely showing. Teaching involves both theory and practice while showing is much more about practice

P.S : dont need to show me stuff about meanings in dictionaries anymore because I dislike to argue about "meanings" and such

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The alphabet books about BTC is the best place for kids to start but this is quite contradicting with some actual daily words

Im quoting few words from the picture so :


Telling kids that mining solves a math problem? This is not even suitable for kids because at their early ages it will be hard for them to understand what this exactly means. Mining is basically " getting some ore material " and telling them that mining solves math problems would be confusing for them

In BTC gambling industries , we dont need something like these reputable companies to back a gambling site or so. What we need is an implementation of provably fair mechanism which will allow the players to check on the site wether they are being cheated or not. Without a provably fair here, you wont attract anyone here as this is some standard pratices for the industry


This is very arrogant, are you a representative of the site? If it is so then you make a very bad first impression here . As being a representative here you should know before posting up here that the this is standard around here and if you are trying to reach out new players here than best thing for you to do is to implement it

I assume you are not a trader yourself because there are some false in your statements and I cant stand without correcting them ( no insult intended whatsoever)

To raise the price some whale manipulate the market by two ways which is to provide a buy wall ( not fake buy wall ) and create a panic buy environment. Providing solely just a fake wall isnt going to raise the price because this is not 2012 anymore and people are clever enough to identify this , most people call this as bullish . However if you create a panic buy then this will manipulate the current market, to create a panic buy merely it is only by making smaller buy wall and some constant buying (this involve buying BTC)

Without this, the market wont be moved. Price needs to be driven up by atleast at the range of $5 - $10 this will create panic buy in another exchanger because it is a great opportunity for arbitrage.
This is where buy walls are needed because once traders come they will start dumping on the walls but if the walls hold off then this will create massive panic buy among another exchanger because another whale will start on buying as well.
This is something like seawaves or tsunami , something starts from small but constantly moving will create something big in the end.

tl;dr of your mistake :

#1 Fake walls is when someone creates a bullish and it wont always be succesfull because we are not in 2012 anymore
#2 Buying BTC is needed, some sacrifice for the better good
#3 You are making your examples sounds like you are the only buyer and seller on the market ( second bolded part of your statement ) while this is not true at all

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No insult intended whatsoever, cheers

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Read above , you need atleast 10k BTC to be considered as a whale and thats a mini whale

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* Do learn how to quote properly, corrected the wrong quote anyway

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Good example you got there however none of it is correlated with the topic. Perhaps you should read the main point of my statement again (bolded my main point, some people tend to not read giant wall of text I assume ).

With all what had happened recently especially with the Greeks, Id assume people wont trust banks anymore but that doesnt mean that people will shift their choice to BTC. If actually people shifted their choice into BTC, I'd assume we could see some huge increase on some graphs like number of Transaction per month or so .

Which means that people do not shift their choice to BTC just because the banking system in their country is failing. So the chance of BTC being adopted to the failure of the banking system is actually low. On another note, the failure of the banking system on a country will mostly lead people to shift their choice to another banking system in another country ( high chance for this to happen but not shifting into BTC )