I am saying that not literally destroy. I just want to say is to limit the number or the supply of btc to increase its price. Sorry for the term "destroy".
by actually limiting the supply, there is already a limit, as I stated before, a maximum of 21M of max supply but if you are talking about the distribution of bitcoins, it is also has been stated before that there is a halving year which it will decrease a block by 1/2 of the current value every 4 years So you mean that every 4 years the value of btc will decreased. so that the supply will not affect the price of thr btc. And you also mean that is the enemy of the price of btc.? no, every 4 years the number of bitcoins in 1 block will reduced by half the current amount, today 1 block = 25 bitcoins, in 2016, 1 block will be 12.5 bitcoins, this is about limiting the distribution of bitcoins Supply will effect the price if only there is a real demand to it, because if there is no demand on it, it will be known as abundant supplies i.e If you got 10 candies but you only need 1, then the rest 9 candies will be worthless as it has no value, and different cases is if you got 10 candies and you need 11 candies, the value of each candy will rise |
|
|
|
I am saying that not literally destroy. I just want to say is to limit the number or the supply of btc to increase its price. Sorry for the term "destroy".
by actually limiting the supply, there is already a limit, as I stated before, a maximum of 21M of max supply but if you are talking about the distribution of bitcoins, it is also has been stated before that there is a halving year which it will decrease a block by 1/2 of the current value every 4 years |
|
|
|
Hello, how long does it take to get the first Deposit bonus? Wrote you an Email yesterday and really would like to start betting now. 42871 0.00 1000.00 Added Funds 2015-03-28 21:59:22 Added 1000 to account 4579 Also you should link this page https://www.betvip.com/index.php/cms/contentview/action/view/frmContentId/51/ to you website! I only got this one time within the welcome Email. But wasnt able to find it from you website, correct me if I'm wrong. Optimally you would reach this Bonus page when clicking the bonus-banner on your site. Hi pille, Apologies for the wait, I will add your bonus right away! Good luck with the betting! Regards Jessica  Hi BetVIP I need to know how much turnover for deposit bonus that I can make withdrawal include deposit fund + bonus fund? 5 times deposit and bonus (example: 1BTC deposit + 1BTC bonus = 10BTC turnover) where do you see this ? I dont know if this will be the requirement for the other bonuses but since this is about the first deposit bonus, the requirement will be playing at the odds of 1.5x or greater for 10 times, this has been stated by betvip before Once you have made your first deposit, simply mail support@betvip.com and request your bonus. You need to play this through 10 x at odds of 1.5/1 or greater to cash out. |
|
|
|
bitcoin supply is controlled via reward halving that occur every 4 years
next halving will happen in 2016 that will control supply of bitcoin
By actually putting on "supply", OP actually mean the max supply of the bitcoin, and as far as I remember, the halving period is only to control the distribution of the bitcoin itself, not to limit the max supply, so in the end max supply will be at 21M + a bit |
|
|
|
Supply of bitcoin is the total amount of bitcoin mined less the lost coins. The rate of increase of bitcoin supply is the bitcoin mined everyday.
By your theory, we must destroy an amount equal to daily mined bitcoin to keep bitcoin price the same. This is very wrong. We need to increase demand, limit supply will not work.
By actually generating a demand of bitcoin, first bitcoin must have its own usagebility, as of now, bitcoin is used for mostly trading, not the real purposes as to serve a new decentralized currency, if there is a usagebility of bitcoin , demand of it will increase as well destroy what?
Who will destroy his bitcoin? That's should be very stupid.
By "destroying", it could mean by making it "unreachable" There are alot of bitcoin "destroyed" I believe , there are alot of unreachable wallet or someone left some dust satoshis in his wallet, either way the total amount wont be 21M but less |
|
|
|
User madroller is up more than 20 BTC just today! Site is back at negative profits, how far can he take it ? Impressive winning streaks keep on coming and seems he is not the only one doing the winning  !  This guy got a really good luck , can't believe he can win almost every time. He doesnt win all the time, there is and up and down for him and this time he is quite lucky because the win roll is more that the lose roll therefore he is in profit @bitdicesupport, I have sent you a PM the other day and I havent heard back from you, hope to heard back from you soon |
|
|
|
Yes I read that post, the problem is I thought atleast they make a fight, but they didnt, I thought its not an easy win for Australia, but now its seems very easy for Australia....lol...
sorry to hear about your lose dude, many of us think like that New Zealand will fight and that will not be one sided match but Australian team perform awesome and make it one sided match with no recovery option. Exactly mate, there performance is awesome and I couldnt make anything without a loss, I adjusted with backing Australia with some loss... this is what I mention on my post before, to avoid a total, we can actually both on both sides since the odds is quite convincing to do an arbitrage bet on both sides, and also I wouldnt say that it is a bad loss for the newzealand after all they made it to final after beated up few tough team on this world cup match |
|
|
|
Sorry yeah it supply. If the supply of btc decreased or become few. Btc value will be high because the lesser the supply the higher the value.
it was not always about supply, but rather the usability of it, check out altcoin section , there are tons of altcoin with supply less than 1M, and where do we see them now? worthless. nothing more nothing less, same thing to go with bitcoins, supply could affect the outcome of the price but rather usability is the most important, if bitcoin serve no purposes anymore , it will become worthless no matter how many supply was left to be mine Thats right, it become worthless if we do not use it in the right things. Can i ask you? how do you say that the BTC is now worthless? even if lessthan 1M? if the supply of BTC is less than 1M ,it price will be increased. how do you say that it worthless? , why? because they serves no purposes different than bitcoin itself, on the other hand, what im saying is a supply doesnt actually effect the price if there is no use for that thing, and due to the volatility of bitcoin there isnt any guarantee than in a week, price could bubble up to 1k $ / btc or crash down to $1/ btc |
|
|
|
Sorry yeah it supply. If the supply of btc decreased or become few. Btc value will be high because the lesser the supply the higher the value.
it was not always about supply, but rather the usability of it, check out altcoin section , there are tons of altcoin with supply less than 1M, and where do we see them now? worthless. nothing more nothing less, same thing to go with bitcoins, supply could affect the outcome of the price but rather usability is the most important, if bitcoin serve no purposes anymore , it will become worthless no matter how many supply was left to be mine |
|
|
|
This looks like a very interesting game.. I'll win by using that 1% skill. Edit: Played like 20 rounds, really awesome, I thought I was rich, but then realized 1 bit is like 0.000001 BTC x_x Yah, if you look back in this thread, there are a bunch of people who are totally confused by this "bits" lingo. I've seen it in a few places and I personally find it pretty dumb. Why some people think it's a good idea to add the confusion of renaming a particular fraction of bitcoin I have no idea. FWIW, I haven't tried moneypot I just read through this thread. To make it more understandable 1 bit = 100 satoshis, that is nothing weird with it and its has been used in quite few sites, 100 satoshis is worthless now, by then when a satoshi could be worth some more, the used of bits could be more popular PS : if you havent tried, then you must try it, beware of addiction |
|
|
|
Why the in-play for Aus vs NZ gone on directbet?
I can't seem to find it there
it was because they merged it to the ICC word cup cricket specials event I think, in here http://directbet.eu/Event.cshtml?EventID=27042212 , you canbet for either Australia or New zealand for the winner, so it is not a big deal Its a big deal coz many events like century scored,10 over runs,innings runs are gone  Now that you mentioned it, you were right, there were tons of event to bet with much safer odds but atleast we can still bet for the winner, perhaps you should ask them directly in their thread here https://bitcointalk.org/index.php?topic=393147.0, it seems weird to actually take it down while the game have just started an hour ago |
|
|
|
Why the in-play for Aus vs NZ gone on directbet?
I can't seem to find it there
it was because they merged it to the ICC word cup cricket specials event I think, in here http://directbet.eu/Event.cshtml?EventID=27042212 , you canbet for either Australia or New zealand for the winner, so it is not a big deal |
|
|
|
SO we get a 1mBTC bonus but how much do we have to roll to be able to withdraw this bonus?
If you would spent some time to actually read it, this has been discussed just a few post above yours, you need to wager 40x the bonus amount with formula as below WAGER * (MULTIPLIER / 100) . i.e.: If I roll the dice with a wager of 0.1 and a multiplier of x50 my final TARGET WAGER contribution will be: 0.1 * (50 / 100) = 0.05 BTC . The higher the BET and the MULTIPLIER - the faster you will reach the TARGET WAGER and unlock your payments.
Good luck!
|
|
|
|
Does New Zealand have a good chance of beating Australia?
Australia is better in almost every aspect but New Zealand has beated alot of quite strong team before they went into the final, so the outcome of the match was quite unclear for me, you can do a safe betting by choosing australia with 1.42 odds and Newzealand with 3.0 x odds, or bet both with the chance of recovery for your bet |
|
|
|
I decided to check out the poker again. I played a freeroll tournament and see that if a player is moved to any position they are forced to post a big blind. I have never seen this on any other poker room. If one is forced to change tables they definitely shouldn't be posting a blind when not in the blind position. Is it the same for regular tournaments?
it is the same for regular tournament as well, IMO, player dont need to pay big blinds if they are forced to move by the system, if a player move by himself then he will need to pay the big blinds |
|
|
|
Finally I complete the rollover LOL after playing for 2hours http://prntscr.com/6mgnyaBalance left 1.8mBtc 2hours for 1.8mBtc profit, not too bad LOL That is actually not a good profit, for actually 2 hours of playing in the site, I believe your electricity cost is actually higher than the profit you got from the site, and OP is completely delusional to offer 1 mbtc with 40x wager, some may actually get lucky but in the end, most will fail As what I said, not too bad = not a good, right?  Actually, I dont care about electricity, net provider costs, etc because I never pay for it. My office pay for it lol. it was just for killing time and it was fun. If it was completely free then it would be a whole different matter especially that you are using an autobet but I was quite surprised that actually someone tried to complete it with being said the profit netted in the end was even less than $1 another tactics would be bet at the whole bankroll for 2x payout 0.001 x 2 = 0.002 0.002 x 2 = 0.004 0.004 x 2 = 0.008 0.008 x 2 = 0.016 0.016 x 2 = 0.032 5 consecutive win with 2x payout it will gain you a wager of 0.031 , the rest will only takes 0.009 left to wager yeah your calculation is correct for normal condition, but incorrect for this giveaway. because the wager requirement here = bet x (multipier/100) and with your tactic will only gain wager of 0.031 (2/100) = 0.00062 LOL I see, this is an odds way of calculating the wager, with this formula, not being said that it will be very hard to reach the 40x wager, and I find this amusing since the "wager" should be on how many btc that we have bet, purely without any string formula on it |
|
|
|
I dont see any Term of Agreement/Services on your sites perhaps you should add that, best way to counter this is actually by doing a manual check for this kind of abused and withhold all the funds of the abuser, and also I could login with both my browser here using different account, this being said, it could be abused for the freerolls too
Yes, currently we limit the freerolls to one per IP. That being said we are currently implementing that across the board so that only one IP can be used for everything. People will always find a way to abuse something : / That is what a Term of Services will be there for, your rules mainly contain of what standard poker rules and other games for, you could put in the rules/Term of Services that about multiple account, anyone find to abused or doing a fraudulent activity will be banned and all funds will be withhold. Even with tules there will always be someone abusing this, but atleast you wont be find accountable if you were to lock someones account in the future for multiple account abuse |
|
|
|
Finally I complete the rollover LOL after playing for 2hours http://prntscr.com/6mgnyaBalance left 1.8mBtc 2hours for 1.8mBtc profit, not too bad LOL That is actually not a good profit, for actually 2 hours of playing in the site, I believe your electricity cost is actually higher than the profit you got from the site, and OP is completely delusional to offer 1 mbtc with 40x wager, some may actually get lucky but in the end, most will fail As what I said, not too bad = not a good, right? Actually, I dont care about electricity, net provider costs, etc because I never pay for it. My office pay for it lol. it was just for killing time and it was fun. If it was completely free then it would be a whole different matter especially that you are using an autobet but I was quite surprised that actually someone tried to complete it with being said the profit netted in the end was even less than $1 another tactics would be bet at the whole bankroll for 2x payout 0.001 x 2 = 0.002 0.002 x 2 = 0.004 0.004 x 2 = 0.008 0.008 x 2 = 0.016 0.016 x 2 = 0.032 5 consecutive win with 2x payout it will gain you a wager of 0.031 , the rest will only takes 0.009 left to wager |
|
|
|
poker is easy to be abused, be aware that there are some small stakes table and someone can easily ask his/her friend to play together with him and complete the 20 hands by actually playing back and forth, the rake isnt going to cover the this kind of abused either way
Yea, we would like to extend a little faith for honest users who actually want to play. But what you mentioned is a reality, that being said if we see unusual activity going on, not only will those users be banned from the site but we will have to exclude this type of promotion in the future to exclusively the buy-in amounts for tournaments only. Hopefully people do the right thing. I dont see any Term of Agreement/Services on your sites perhaps you should add that, best way to counter this is actually by doing a manual check for this kind of abused and withhold all the funds of the abuser, and also I could login with both my browser here using different account, this being said, it could be abused for the freerolls too |
|
|
|
Finally I complete the rollover LOL after playing for 2hours http://prntscr.com/6mgnyaBalance left 1.8mBtc 2hours for 1.8mBtc profit, not too bad LOL That is actually not a good profit, for actually 2 hours of playing in the site, I believe your electricity cost is actually higher than the profit you got from the site, and OP is completely delusional to offer 1 mbtc with 40x wager, some may actually get lucky but in the end, most will fail |
|
|
|
|
Show Posts
