Is there a way for the gambling site to perform a "Man in the middle" attack to hijack the process and to push a simulated version of this process? They provide some in-house tool with exploits to verify the bet, but they game the outcome of the verification process by intercepting the outcome of the output and replacing it with their own doctored result?
Can we trust the in-house verification software that are provided by the gambling site or is there another site where this can be double checked?
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Ok, your solution solves the problem of people making bogus complaints on social media about your service, by giving signed proof mechanisms to protect your image. Does this solve the added "red tape" and complexity involved by making these transactions more difficult for the users? How many customers will know how to sign a transaction or request and how do they secure their private key or do you still manage that?
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I remember the days when we as children watched "Star Trek" on TV and we were amazed that the crew could communicate via their wristwatch and now things like this is a reality and we can even pay for goods and services via our Smart watches. "The Original Series", debuted in 1966 but we only saw this on our televisions a few years after that, so give or take 50 years, things that was just a fantasy and Sci-Fi back then, become a reality now. Bitcoin are making childhood fantasies come true in the future!
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A lot of people would have said, "Use your credit card" because it would have been much faster, but I prefer not to use credit cards to pay for things, because I hate adding to the debt problems of this country. I also did not anticipate that it would take this long, because I pay this before the payment date every month and my viewing has never been blocked before. The problem is, Bank transfers between different Banks sometimes takes between 12 to 48 hours and in todays world, this is unacceptable.
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While I am glad to see things like this happening, I am just hesitant to get exited too soon. The Lightning Network acceptance is still in it's infancy stage and this bar might not get the traffic that they expected and it would reflect badly on Bitcoin if it is not supported well. The " BTC accepted here " logo should get a facelift with a vertical lightning bolt in the middle of the BTC to indicate that Lightning Network payments are accepted too.
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The Bulls need some incentive like a cow in season. We need some positive news to trigger the bulls to run faster and I think we will see a sexy cow in the near future. We are waiting for a SEC decision and also Fidelity to make their move, so the cows are out there, someone just need to release them. The farmers <government regulators> are controlling the herd at this moment, so we need to kick down the barn door and make some noise for them to see us.
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I pay for my monthly satellite TV subscription with a bank transfer and for some obscure reason I forgot to pay it this month. I was still watching the World cup Cricket tournament, when a message popped up, saying that my account was in the arrears and they blocked my viewing. I immediately logged into my internet Banking and checked my payment history and realized that I skipped that payment for some reason, so I made the payment and thought I would wait for a hour or two and then resume viewing. Noooot! 8 HOURS passed, I phoned the company and they informed me that the payment is not reflected on their system yet, so I waited another 4 hours and phoned them again. <still Nothing> A whole 21 hours later the payment went through and I could continue viewing, but the match I wanted to see was finished. If I paid with Bitcoin, this same payment would have taken less than 20 minutes at most, but unfortunately this Satelite provider does not accept Bitcoin payment for this service.
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You my friend are comparing Apples with Carrots, because Bitcoin was never meant to be converted to Fiat currencies and most of the problems are associated with Fiat currency conversion. The moment when Banks gets involved with Bitcoin, things goes south very quickly, because they complicate things. Bitcoin to Bitcoin transfers using SegWit addresses should never cost $40 in miners fees, so you might have used old legacy addresses. The amount being transferred has nothing to do with the fees you pay, so that sounds fishy too. Next time use SegWit addresses and transfer $100 000+ or $1 000 000 and see what the difference is, because large money transfers cost the same, where centralized payment processors charge more for bigger amounts. We have not even started to include Lightning Network transactions in this scenario, where that same transactions would have cost you a fraction of a cent.
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That is easy, just click here ---> https://bitcointalk.org/index.php?action=stats -- You just go to the homepage and then click forum stats at the bottom and then look at the Top 10 posters on there. It is not always the Top 10 posters that are providing the best quality posts, but you will find that some of those people are one or two of the most active posters on here. People like DanniHamilton does not post a lot anymore, but he has some of the best quality posts on this forum and you just need to read through his post history to find quality information.
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The statistics are a true reflection of how mass adoption should start in the countries with the biggest potential market and strongest economic power globally. Bitcoin would not have been this successful if it started in 3rd world countries. We see this happening with technologies like M-Pesa that was developed before Bitcoin and that only grew in African countries. Target the large markets first and then spread out to the smaller 3rd world countries where it is needed the most. Third world countries tend to skip technologies, but Bitcoin's slow growth will make sure that they will grow with the technology.
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there is no such thing as "blockchain wallet". and the site is not giving us any reference on where they "stole" this data from but by checking the blockchain.info statistics ( https://www.blockchain.com/charts/my-wallet-n-users) they are stealing it from there without giving them credit. and it is WRONG because it does NOT show the growth or usage of bitcoin at all, it is just showing us a centralized service's stats which may not even be all correct. and by the way the definition of "wallet" posted in this site is one of the worst things i have ever read. Well, using Blockchain.info statistics as an indicator of adoption is simply stupid, because the site lack proper KYC/AML regulation that would prohibit one person from creating multiple wallets. I personally have almost 25 wallets on Blockchain.info for different purposes. <Throwaway accounts for faucets and experimenting with cloud mining sites back in the day when it was still popular.> If they used stats from sites like Coinbase that are regulated, then I would have said that it would give us a better idea of how Bitcoin adoption is growing.
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Satoshi Nakamoto was clearly pointing out that the goal of Bitcoin was to provide for an alternative P2P payment option that are not linked to centralized control and manipulation and Satoshi mentioned that in the Bitcoin Whitepaper and hinted at that with the message in the Genesis block. I think Satoshi achieved that goal, because millions of people have used Bitcoin as a currency and they transfered and used money without having to go through any Bank or centralized financial institution like PayPal.
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This is really a good bitcoin faucet though for now they only give few cents in BTC compared before as it seems that they adjusted it due to the fact that bitcoin market price before has a huge difference to which now BTC has gone expensive reaching to 8.7K USD per BTC. So, it is expected for the gambling site to adjust the free BTC giveaways.
There are other bitcoin faucets that could also be used for gambling but there is no better than this gambling site as a bitcoin faucet knowing that this site is one of the oldest site for BTC faucets. Good job on the team manages this project.
Back in the day when they were only bitcoin faucet not casino they did give out quite nice amounts. That was good way to build brand and domain recognition. Still amazed by how they pulled that off and then turned it into casino. they did quite well in the "early years" placing crypto ads I remember at least 6 ad spaces , so they got big traffic and were able to pay the prizes + have profit but then there was this time of bitcoin doublers , HYIPs and all other sort of scammy sites that were buying spaces in bulk coupled with the bitcoin price drop/stagnation it made the owner look for a different form of monetization it turned out that 5% House edge casino can bring decent money , so this is one of the main sources of income ( plus the lottery ) for them at least for now Nah, they had to change to a new monetization model because Ad companies stopped paying for faucet traffic. They realized that faucet users were not a good target market for the products and services that they wanted to sell. Why would you pay for traffic from people who are reliant on faucet income that are worth a fraction of a cent. The income model had too change to make up for the loss in advertisement income and the gambling side was already there at the time, they just needed to expand on that, because gambling bring in a lot of $$$.
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Yes, you can mine some Alt coins like Monero with your phone, but you run the risk of over loading your phone and damaging it. People even created Alt coins that can be mined with your phone <Phoneum> but I think you will have to test this by yourself and see if there are a market for these kinds of shitcoins. Disclaimer : I have not tried this, because the yield from this is too small and the risk too high to damage your phone, so do this on your own risk or on some old mobile phone.
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This will need to be a individual request by some of the players and then it would have to be added in their contracts. I doubt if someone would risk their full payment on something that is this volatile. We have seen a $500 spike or dip in a matter of hours and that would not be well received by many players in professional sport. If I were one of them, I would ask for a 10% payment in Bitcoin as an high risk investment, but I would do this after I received my payment in Fiat and then a financial advisor or accountant can receive orders to do this on my behalf, if I am too busy.
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I cannot fault the work that you have done, so I will give you 1 sMerit for the effort to reward your hard work. I also disagree with some of the people that are saying that there are too many infograms on this subject, because more exposure to more detailed information on Bitcoin is always welcomed. Well Done on a excellent piece of work and I hope you will do a lot more to educate people on Bitcoin. You might write something to educate people on the difference between public and private Blockchains next, because it will become necessary to do this in the near future. <Facebook Global coin or Mike Hearn's technology for the Banks>
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Bitcoin Core is a good choice, but it needs a lot of resources and maintenance. There is nothing wrong with having a mix between desktop wallets and web wallets and storing small amounts of coins on exchanges and using hardware wallets and paper wallets for long-term secure storage. I find that several wallets distribute the risk of losing all your coins in one hack and that accessibility and convenience force you to use some implementations with weaker security. <You just make sure not to store large amounts of coins in services with weaker security.>
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Your graph shows values derived from a specific market.. but you are not saying what market and where the data are sourced from. If this is information pulled from 1 or 2 specific exchanges from a specific region or country, then it is not applicable to a global market. Bitcoin is bought and sold from exchanges the world over and also on OTC platforms, so to get a true reflection of the price and global supply and demand, you will have to source from a very wide variety of data sources. You willing to share your source data for these graphs?
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Yes, it's accounts that have never been used, no rolls, no deposits, no referrals, no activity at all. We're just clearing them out of the database.
I see, that's good to know. It's going to happen regularly now. Any new accounts will be deleted if they haven't been used at all after 15 days. Wow, that sounds a little bit extreme! Some people take annual leave for 30 days and they do not want to be bothered with faucets and what not on their holiday, so they will lose their account if they do not access it for 15 days? I think you guys are going overkill with this maintenance strategy. We clear accounts at work, when they show no activity for 45 days and longer and we have not had 1 complaint in 5 years of doing that. Ps.. What happens with 15 day old accounts balances?
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Counterfeit products will still exist, no matter what Blockchain technology they use. Consumer education and methods for consumers to spot the difference is the only solution to this problem. Some consumers buy these counterfeit products knowingly, because they cannot afford the authentic or original product that are made in Italy, so how will Blockchain technology stop that? Curious to know a little more detail about this project.
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