I think the only way to scam is running with the funds... Provably fair covers many trust issues.
one way to reduce chances of the OP with running away with your hard earn btc is to use a trusted escrow to hold the funds. Using a multisig wallet would work as well. But I think the site owner would always still be in control of some of the funds to process withdrawls. |
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When did USA make online gambling illegal?
Probably when BTC first became popular, gambling started to surface. And it hasn't looked back.
I think online gambling was famous much before that . Probably when pokerstars came out in 2000ish . However the question with online gambling is the legality part. I don't think it is legal in all states yet. |
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Here's a trusted ponzi:
- Declare your own funds and hand them over to a trusted escrow for insurance (For example 10BTC)
- When unpaid deposits reach the insurance amount (10 BTC), you freeze the current round and pay all unpaid deposits with escrowed BTC
- Start new round with fresh deposits
You only make money from fees
This seems like a nice idea too. AS long as you don't get any big deposits in a small time frame, the 10 BTC don't have to be refunded and can continue with further rounds, as long as 10 BTC is never in the wallet. But, a drawback would be, that ponzis continue for over 48 hours at time. The escrow will have to monitor the address all the time, which would not be easy to manage. |
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Nice site, I like drones and DJI is good one. I see that you are shipping to Europe  Just a question what will a price declared if I will pay in BTC? If they are shipping to Europe, then probably also shipping from Europe. Does the customs matter even then ? |
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Sucked you in,  Its a serious question though. How much Bitcoin is likely to become stranded in accounts because of users deaths? I imagine a lot, more than people have given it worthy of discussion. I bet a lot of holders if they got hit by a car and died would have no one to find their coins online...including their wives. Plus you got a lot of single guys using Bitcoin who aren't going to have a spouse to trust with their passwords etc even if they thought about it. I would also add coins simply lost by people or forgotten. I personally have a bunch of tiny amounts of Sats in temporary addresses I made for different purposes, only worth a dollar or two but they must add up. Add to that on purpose burning of coins and I wonder if we will even have any Bitcoin in 30 years.  A lot of millionaires, politicians and mafia die with a lot of their money in their backyard. Probably the same for bitcoin.. I would consider loss of bitcoins in the early stages more, as people might never have thought of price going so high before, and might have lost it in HD crashes etc. how about satoshi and the first million coins ever mined ? if hes already dead or didnt bother to save the private keys those coins are lost forever potentially billions of dollars worth  Well, as long as bitcoins don't go mainstream, and those coins don't come back in, its only a matter of having 20 million coins existing then. The price would just be affected with the supply and demand and not with those 1 million coins. |
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hi, you can trade bitcoin on igindex.com just as any currency.
Have you guys personally traded stocks on those sites ? I am also looking for a legit option, will try overstock soon , but how is it a stock site ? I thought it just sold normal things |
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You start with a few dozen million dollars and then bribe the fuck out of the government at every level, who won't let you "be legit" without bribes that they euphemistically refer to as 'fees'.
With that, not a lot of sellers and buyers would be profitable. I know someone , who have had their bank accounts shut down by selling on localbitcoins. He simply moved on. |
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So what's the terms and conditions for getting $2? I think it will be if you purchase a plan right?
It should rather be advertised as , buy a number and get 2$ worth service usage free. Right now its kind of misleading. Has anyone tried using this ? |
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next bubble just started
should i invest all money to the bitcoin ?
You may be 24 hours too late. Actually 20 days too late. Best time to get in was sub 200 levels. Now its a high price to get in. Could get risky. |
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Bitcoin was down to 190 USD in January. Bitcoin is up at 300 USD today. So, who bought at 190 USD and selling at 300 USD to make 150% of their investment ? Some guys were ranting Bitcoin is dead. Where are you ? More than people making profits, I think a lot of people took losses when the price was going down. |
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Sucked you in, Its a serious question though. How much Bitcoin is likely to become stranded in accounts because of users deaths? I imagine a lot, more than people have given it worthy of discussion. I bet a lot of holders if they got hit by a car and died would have no one to find their coins online...including their wives. Plus you got a lot of single guys using Bitcoin who aren't going to have a spouse to trust with their passwords etc even if they thought about it. I would also add coins simply lost by people or forgotten. I personally have a bunch of tiny amounts of Sats in temporary addresses I made for different purposes, only worth a dollar or two but they must add up. Add to that on purpose burning of coins and I wonder if we will even have any Bitcoin in 30 years. A lot of millionaires, politicians and mafia die with a lot of their money in their backyard. Probably the same for bitcoin.. I would consider loss of bitcoins in the early stages more, as people might never have thought of price going so high before, and might have lost it in HD crashes etc. |
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nice price slowly up and running hope to see it in range 500-600$
it will be good
Yeah it will be great if it reaches back to mid 2014 level atleast. It had ben stable at 600 for a long time then. |
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I am just curious as when a company like dell accepts bitcoin, then how is it good for the price ? Wouldn't it rather drive the price down, as people who buy most probably already have bitcoins, and they sell it immedaitely, so basically its just being dumped .
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We just have to keep 'm rolling, i agree with that. This ponzi is more fun if people are reinvesting their profits. Experienced people know that and I'm pretty sure some people will keep on investing in the next days.
Stop getting people to invest in a ponzi just to get your own profitss. Once someone profits from a ponzi, its stupid to keep reinvesting, specially when the deposit is over 700 BTC. The chances of getting a return are almost nil. |
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I think the general populus would immensely start understanding and caring about the technology once its released.
Right now, a lot of people understand the concept, but don't use it.
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With their new funding of 31 million, will Coinbase become the United States Major exchange? Will this start a frenzy among Americans to join the bitcoin craze? How will it effect the speculated value of bitcoin? Will other exchanges emerge and compete? Will more day traders emerge and push up the trading volume? Can this benefit the legitimization of bitcoin? All these questions are swimming through my mind  Just saw this thread .Wasn't aware they had a 31 million funding before as well. Doesn't this take their funding to a 100 million ? |
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Lol, Maybe they will take us to the moon  It might be something to plant a Bitcoin flag on the moon. Definiteely a big achievement. |
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Still your personal name is not attached to the transaction.
But what about the IP address?
That is what makes it not anonymous. It is possible to get the IP address if you look at from where it originated. However there are altcoins which offer complete anonymity. |
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because of no license or because the buyer said he would use to buy drugs on SR?
I don't think people would specially go about getting licensed for selling bitcoins in say a one time deal . However it might be essential for people who sell through localbitcoins. |
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I don't understand. If I have to exchange my Bitcoins while I'm traveling to another country, what rate will be used for the exchange and who decides this? Will i have multiply choices? When traveling you can see many different rates at the airport, hotel, banks or just on the street.
The normal btc to usd and then the concersion rates to that currency. You can then use local bitcoins to trade face to face . |
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