Even if he take a cut from the profit earned later for the challenge, there is no guarantee of money return if you guys lose the challenge. Moreover , the concern is not about this anyway because losing is a part in gambling ( it will be the same as you gamble with your own ).

The higher concern was raised by me few posts back, what if he run away with your funds?, technically it would not happen this way if he agree to escrow funds that will guarantee that he wont run away during the challengen however he had stated his intention of not to do so. So people could clearly see a risk here with this challenge

P.S : Im stating a risk that people should know

It isnt a guessing game to be honest. People should stop generalizing that trading is the same type of a guessing game or gambling because it isnt. Actually you dont need to buy at the bottom and sell at the top, honestly no one could time it perfectly as well .
What you need is only to sell higher from your position i.e of the few days ago rally where the price gone up for about 10 % or so. If you would take a part on that you would gain some from it because the price has been showing a sign of rally for few days and it reaches its peak at around $250 which is plenty spot for you to gain some profit from the previous $228 before the rally


It seems he responded already

I wondered if they are taking down all websites that promote an unlicensed bookies or that only restricted to the UK. if the UK gambling commision is pulling this huge step, we might see the US gambling commision to pull some similar stunt as well soon, then again the whole word of illegal gambling will be pretty much limited with all this restriction


It isnt a war on BTC gambling but rather a war to the unlicensed gambling website, Im sure they did the same thing to FIAT gambling site as well. This would put on more pressure to the unlicensed gambling website to get a license which would give the commision an extra income.
Well even playing at a licensed gambling website isnt a guarantee either that we wont be cheated or having the operator to run with our funds

Actually there alot of government that do support it and BTC is considered to be a legal currency in their country. If you are interested, here is a list of how government's point of view towards BTC

https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country


It is not the sole fault of media, who to be blame will be the people who use it for bad things instead of the media because basically media reports whatever news you have to lure people to read them but of course Gavin Propose a Fork news wont gain as much interest as a 30 year old guy busted while purchasing a drug using BTC news.


Plenty of them at the local Greece board here https://bitcointalk.org/index.php?board=120.0


Any news regarding this? AFAIK no government has build a BTC ATM for their BTC user in their country yet. Any BTC ATM that you have seen or read isnt from the government

P.S : I could be wrong on this

I would say that you should consider the need to put in a button to cancel the bet , Im sure it is not that hard to code a simple cancel button or that in the meantime you as an admin would have the options to cancel any bet of your will.

Challenging your own bet will resulted you in losing a portion of your wager because you charge fees from each bet. If you are suggesting people in challenging their own bet to cancel their bet then I would say this is pretty dishonest and bogus

This seems pretty akward for me, are you from UK ? if you are from UK then this seems to be a huge steps taken by the UK gambling commision to stop the unlicensed bookies. Never crossed my mind that they would go this far by even taking down website that promotes unlicensed bookie.
If you are not from UK, I dont have any idea on how they will drag you to court for advertising an unlicensed bookies considering that we are all strangers in the internet. It will be just a waste of time dealing with each individual for this case

P.S : did they contact you via email?

Seriously if you are saying that 8 more years the entire supply would be mined then you should read this https://en.bitcoin.it/wiki/FAQ#How_long_will_it_take_to_generate_all_the_coins.3F


I keep on encountering people that are saying that halving would bring a better price for BTC but the fact is that it isnt clear yet. The reason of it would be mostly that because miners will earn less and the probability of miners dying would be higher because mining wont be profittable anymore (dont know if this would be your reason or not but mostly this is the reason for most people)

Halving will be coming next year with an each 4 years period for each halving, basically thats enough time for ASIC manufacturer to invent a more efficent miners Actually people should realize that miners isnt the price controller in this case because Traders control it or rather manipulate it. So leaving that aside if we are relying on simple law of economics then it would be


Short words : if there isnt any demands for BTC then even a 100 BTC will be consider as an abundant supply . Mass adoption will be a key to play for this game not halving

It has no effect to him because as you can see in the screenshot, he lost 1303 BTC in a single roll while Nico has counted his profit is around 1322~ BTC which net him a profit of ~20 BTC. Also there is a screenshot of a few user that wagered heavy amount on the site as well, If it is the same person then he is now got around 100 BTC in profit ( judging from the username "Defeated" I would say that this is likely be mech in disguise as well ).
Also another user with username "god" as well could be another suspect of mech in disguise

Seriously this is not always the case as the probability for you to lose is the same as having a small bankroll to play but with bigger bankroll you will be able to sustain more lost for your martingale . However you should note that even if you are having a big bankroll to play with martingale, at some point you will lose because each site has their own maximum win amount which will prevent your martingale strategy to keep doubling the wager amount

P.S : thought I have mentioned this few times though, seems pretty dejavu. People should note that having big bankroll will not turn martingale into a "godly" strategy or so  


Read above

They are not losing all of it I would say. Basically if a gambler is fond enough with a site, it will not be much hassle for him to access it through a proxy. However as a unlicensed gambling site, the risk are far greater than keep on serving business for the UK customer .
It will be much of a nightmare for you because you might see the legal feds knocking on your front the next morning and this would be the reason that most unlicensed sites has taken the safety precautions rather than facing the law in the future

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It seems FortuneJack has follow the other fellow gambling sites as well

I and several user are rolling without issue right now which you can check it on here https://www.moneypot.com/apps/14-betterbets . Have you tried to logout and relogin again, it may helps though and also is rolling the dice the only thing that you unable to do, how about the chatbox?
Also have you check your moneypot's account? It could be due to that betterbets was moved to disabled section (doubt this is the case though but worth checking)

EDIT : it seems the bolded part fixed the issue

People should stop generalizing all gamblers and stop using the words "no one" and/or "all gamblers". Not everyone are greedy to keep on continue when they are on profit but instead I would say most people are. Some people know when to stop when they are on the lead.

Even with the recent cases from PRC we can see that although mech lost 1300 BTC in one roll the fact is that he is still on profit of 20 BTC . Some cases from Sawdice, yoloers and James won huge amount of 12 and 9 BTC but they did stop and take out their winning. This served as a proof that not all gamblers are the same, you should start using the word "most" instead

Another proof : https://www.moneypot.com/users/bethlengabor

Bethlen was -1.1 BTC and discovered a solid strategy, made a good run at betterbets thus earning him 1.2 BTC thats mean he is up by 2.3 BTC . Never seen him roll anymore since he got that

No you are wrong on this. You are not betting for the weather condition at 14.00 but you are betting for weather condition at 14.40 and will receive your winning if your bet has atleast 1 confirmation. It will be pretty disadvantage situation for the OP if you are betting on 14.00 because people could abuse this by betting on the last minutes to get a much more accurate data

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However with the concern raised by TurtleHurricane, The OP has gotten alot more advantages for this game because the site getting data from 40,000 weather station which means that the data is gotten from either one of 40,000 stations or that it will be an average from 40,000 stations which may cause players to lose if there is atleast few station that got their prediction wrong

Dont quote just a piece of my post, I have stated that on how there isnt any conversion fee , its more like to difference between buy and sell which is around 1.75 % from your bank  ( there is a slight difference of conversion fee with difference between buy and sell )
As for the paypal option, I've completely miss this out as I dont use paypal . Basically I has been helping my parents (they are going back and forth doing some business in two countries ) so Im merely stating how they do it

EDIT : just read about this one (seems relevant). CoinPip.com, A singapore's Bitcoin company now allows you to transfer to any bank account with a flat rate of 2 %

There isnt any conversion fee from one currency to another currency. Money exchangers got their own profit from the difference between their buy price and their sell price and that price will be around 1-3 % difference from the average price . If you are going to exchange it from a bank rather than money exchanger then the difference would be much lower

Both option could be used depending on what type your business will be and your customer, basically using BTC as a payment where the majority of your customer will be a house mother wont be good since most people are techsavvy anyway ( both option to be use will be much better)

First of all the bakruptcy of a country is very much different than a bankruptcy of a business. Critically one of the major difference will be that there isnt any international court to settle this kind of defaults. Basically the government will restruct their debt by either asking for more time to pay or rather lend more to pay (whichever is better).
Truly it will be hard to imagine that a country "shut down" immediately after announcing a bankruptcy. For bondholders, this situation is indeed risky however with the country going into default then the bondholder will be allowed to hedge their risk with their bonds

You should probably use google and find the different between profit and interest. To be honest you seem to not understand that both of the terms are different


Basically if we are talking about investment, it is more to holding it for a long term and what you are stating is nothing more than what we call as trading. Also that you should be aware that 40 % that you state are pretty much delusion even if you are proposing trading rather than both option of save or invest it

You can check on this, basically it is always less than 10 % average movement for the price every 30 days https://bitcoinwisdom.com/. The rally price from last few days shouldnt be an indicator or reasoning for you to state this option because thats kinda bogus to be honest

Theoretically if there is less supply in circulation that will means that the price would be higher however if there is less demand, then the less supply will be an abundant supply which is not a parameter that the price will be increasing or worst case that the price may be lower.
Even with the current Supply in circulation the price could be higher if there is a demand for it however as we see it, there isnt any huge demands for it , so I would say that halving isnt a guarantee for the price to increase but rather more demands on BTC will be helping the price to increase

Then you dont know how to do things properly I guess. Most people contradict themselves with the meaning of profit, basically half dollar is considered as a profit but most people seems to not interested in selling for half dollar profit which makes them hold for a higher expected price.

To be honest, it will be hard if you are seeking to snipe in the "lowest price" as your position and it will be much better if you take your position as soon as possible and sell them for a slight profit anyway. Movements is all you need in trading, not to snipe in the lowest price because basically with movement , you can take profit from most position (unless you are buying from the highest point of course)

Another Delusion I would say, it is not clear yet wether the next halving will be actually give a significant effect for the price . I would say that with the next halving then high chance that miners wouldnt be profittable anymore. With the current miners it wont be profittable but you could be sure that until next year there will be ton of newer miner with more efficiency

If your reasoning behind that the next halving will bring a higher price is because that miners probably wont be dumping anymore because it isnt profittable then I would say that you are not aware of the other factor besides miners' dump . Low price isnt really caused by miner dumping but on several occasion it is being manipulated


People need to know that everytime we reach a new higher stepstone, there will be alot of traders trying to get a profit from it. So expect a dump each time we reach a new higher price


Rather that it will be a question on how will it reach 1k again