I assume the 1.6k btc user savings includes wetsuits stash that he's willing to give up to the cause before giving up and turning the servers off?
No. The user savings are not the bankroll. The bankroll wetsuit has is adequate for maximum win per bet of 20 BTC. Certainly more so than those sites that use leveraged investments.
That's why Quin disables/ bans those who simply claim and not wager because there are no advertisements on the site. Or else how's he gonna pay the bills and punters?
I don't. We allow people to just use the faucet if they want. That is one thing that distinguishes us from other gambling sites. I only ban people for abuse by multi-accounting and self-referring. Got it, my bad. I'll edit my previous post then. |
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Will this copper membership come with a merit?
Nope, just the privileges. |
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Freebitco is faucet website yeah? I was using that in past for fun when you were giving away 1btc/hour. I was making multiple freerols, never had any problem. So logically if you are faucet website in idea and also offer dice to multiple your faucet income, then why would you call abusing to multiple freerolls? I have no idea...
Freebitco isn't a sole faucet site. While its main attraction is that, it relies on gambling to sustain its business. EDITED |
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Just a reminder, collaterals have to easily liquidable. And MCPC, unlike ETH, LTC and those mainstreams is still in infancy stage.
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We already know that gambling is not a source of income but a source of devastation and depression. Why gamble if you can put your money earned in the bank?
Bank interests are low and you can't just deposit a few hundred bucks. Also they're only withdrawable after 3 months minimum. |
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I think the best advice is to NEVER quit your day job, unless you have some solid backup plan.
Quitting your job to use your life savings on gambling? That's certainly very stupid. There are no shortcuts. Well, there are from time to time good opportunities, like Bitcoin was 3-4 years ago. But you can't create those situations, and try to get easy money in gambling won't help you either, it will devastate your portfolio Exactly, but I'm pretty sure he's not the only one. I remembered this article which mentioned some Dutch guy sold his house for Bitcoin. God knows how he's doing right now. |
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Contracts don't mean anything as long as the lender hasn't received any physical or virtual collaterals beforehand. Please read this sticky to understand how loans work here: What is considered collateral?
Collateral is something that can easily be resold to cover the loan value plus interest should the loaner default on the loan.
- The best collateral is another crypto-currency, such as Ethereum (also written as ETH). Coins must be moderately traded on multiple exchanges.
- Some digital wares such as domain names can be considered as long as the user cannot recover it.
- Small valuable items that can be shipped though the mail - i.e. gold, silver, iphones, etc.
- Large items, such as a motorcycle or guitar can be used if you live close to the person giving you the loan. Try localbitcoins.com
What is not considered collateral?
- Merit. Bitcointalk Merit is not a commodity and is not meant to be traded. Asking or doing so may get you negative trust (Trade with Extreme Caution!)
- Items they want to sell. They don't want it back, so they will default. It's scammy unethical behavior and will lead to negative trust. Check their recent posts!
- Items not in hand. Don't trust a user that promises to give you something *when* they default! Tracking numbers only show something has been mailed - it could be an empty box.
- Future income. You can prove you'll make xx coins in the next few days, but nothing forces you to send those coins to pay your debt.
- Identification. So what if they can prove who they are. Are you going to spend more money and time taking them to court on untested legal grounds? You'll probably just walk away, like everyone does. ID is useless.
- Games codes or similar. To verify the collateral you need to use the code, which destroys the collateral. Consider this a purchase, not a loan. (Post in Digital Goods instead)
- Most new alt-coins or alt-coins that trade for satoshis are not good collateral as they can become worthless overnight.
- Most pre-coins/tokens are worthless, or may take significant time to be worth anything.
- Paypal should never be used - they are anti-bitcoin and will rule against you 100% of the time. Escrow can't even help, as paypal charge backs can come over six months later!
- Most valuable online accounts can easily be recovered by social engineering (the user contacting support to say they were hacked, and regain control of the account) Examples: Steam |
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Crypto, Investments and Gambling should never be a full time job but only a hobby and a bit of fun to kill the time. If we are able to differentiate that there shouldn't be any problems. Sorry to hear about your misfortunes.
I disagree about the crypto part. You can easily make a living of trading crypto assets (or stock). Most people screw up by not knowing what they are doing or following these random pump groups. Make sure you do your homework (or try simulated trading first: https://testnet.bitmex.com/) before you decide to start trading with your own money. And follow the golden rule: never invest money you can't afford to lose. Pretty subjective actually. If you have the discipline and funds to sustain then by all means but many don't, including myself. Sad thing is, you could slowly build your wealth and lose it all in just a few days of getting "tilted". |
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Can pay bck 0.05 or more to anyone who can help just until tue 15/01/19, my bitcoin address is 3LkCP9KPPkuNZu8jEdZBx7Ge8FQ19DJnXJ next week can offer my lbc account a collateral have few trades and no negative trust.I am desperate hate asking anybody for anything it demoralising!! I live in edinburgh and have to get to manchester to get to ee a specialist down there, have gad bad circumtance with universal credit and not been able to work due to illnes,as i said can offer lbc account and this one and can pay back on tue the 15th
any altcoin collateral? next week can offer my lbc account a collateral have few trades and no negative trust. His account, that's all. |
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I think the best advice is to NEVER quit your day job, unless you have some solid backup plan.
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Wait a minute, aren't FBC's withdrawals processed without any email confirmation, except the notification about the amount withdrawed?
I withdrawed mine several times without any issues, and they're via Instant.
You're right about that. I'm not sure maybe, email confirmation is required when 2FA is enabled. My account is 2FA-secured, that's only requested on the withdrawal page. |
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It's not possible to recover your funds even if you sent it to the same USDT wallet address on your Yobit account, because it's a different coins/blockchain. Your ETH is lost forever afaik. Do correct me if I'm wrong.
Are you sure? Tether is ERC20 token. It means that it's on Ethereum network. And no matter which Blockchain on Ethereum network, your account (0xeebd1110dd0444a85af882db340d7dd9f32611f4) could be used for any Ethereum Blockchains. Like on Metamask, you change Blockchains, but account remains the same. So if you own this account, it means you own it for any Blockchain on Ethereum, and Tether also. I guess it will be possible for yobit support to solve this situation. Please correct me if I am wrong. I can confirm there's a chance for OP to recover his funds. Once I accidentally sent an ERC-20 token to ETH by mistake on Hitbtc. Had to pay $100 to recover but they were eventually retrieved. |
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collateral assignments on my whole life insurance polices
According to the stickyWhat is considered collateral?
Collateral is something that can easily be resold to cover the loan value plus interest should the loaner default on the loan.
- The best collateral is another crypto-currency, such as Ethereum (also written as ETH). Coins must be moderately traded on multiple exchanges.
- Some digital wares such as domain names can be considered as long as the user cannot recover it.
- Small valuable items that can be shipped though the mail - i.e. gold, silver, iphones, etc.
- Large items, such as a motorcycle or guitar can be used if you live close to the person giving you the loan. Try localbitcoins.com
What is not considered collateral?
- Merit. Bitcointalk Merit is not a commodity and is not meant to be traded. Asking or doing so may get you negative trust (Trade with Extreme Caution!)
- Items they want to sell. They don't want it back, so they will default. It's scammy unethical behavior and will lead to negative trust. Check their recent posts!
- Items not in hand. Don't trust a user that promises to give you something *when* they default! Tracking numbers only show something has been mailed - it could be an empty box.
- Future income. You can prove you'll make xx coins in the next few days, but nothing forces you to send those coins to pay your debt.
- Identification. So what if they can prove who they are. Are you going to spend more money and time taking them to court on untested legal grounds? You'll probably just walk away, like everyone does. ID is useless.
- Games codes or similar. To verify the collateral you need to use the code, which destroys the collateral. Consider this a purchase, not a loan. (Post in Digital Goods instead)
- Most new alt-coins or alt-coins that trade for satoshis are not good collateral as they can become worthless overnight.
- Most pre-coins/tokens are worthless, or may take significant time to be worth anything.
- Paypal should never be used - they are anti-bitcoin and will rule against you 100% of the time. Escrow can't even help, as paypal charge backs can come over six months later!
- Most valuable online accounts can easily be recovered by social engineering (the user contacting support to say they were hacked, and regain control of the account) Examples: Steam Basically anything that can be liquidated ASAP are accepted. As you mentioned before: The policies are worth around $15,000 total but only in the case I die. That's not gonna happen anytime soon. |
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You can't request for loan without a colleteral. No one's gonna lend without any assurance.
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Wait a minute, aren't FBC's withdrawals processed without any email confirmation, except the notification about the amount withdrawed?
I withdrawed mine several times without any issues, and they're via Instant.
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When it regards to free tokens then theres no other exchange i do think but Yobit. No other exchangers do give out some shitty tokens and i dont even see the reason on giving out
tokens which doesnt really have value at all or even if they do give out doge or btc or eth but the amounts are just dust so theres no point on collecting them.
I know right, I see the list of coins and I'm not even interested to claim all of them. They're smart though, enticing you to gamble your investments away. Just like a casino right within the bank. |
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Assuming this topic is still relevant, exchanges with faucets are very rare unless they involve gambling.
Besides YoBit which is very sketchy, none I could think of.
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I've to agree with the rest. A fairly new site giving away 36 grand worth of BTC is pretty sketchy.
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The best service i have you so far is Luno I'm sure its available world wide ,fiat buyers are so welcome
Luno's fees are pretty cutthroat which I experienced when exchanging cryptos last time. For p2p, best so far is Remitano/ Localbitcoins. You get to directly deal with local buyers and they have an escrow system to facilitate transactions. |
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