I think they might be charging a few fees to those that use Bitcoin to play the game...and from there...they use a little to pay the others.
As far as I know, only "free" play has been available for the last few months. |
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I'm sure most of you know about this game - it's available on Android for those of you that don't.
Basically a tournament or head to head style game of flappy bird, where you win small amounts of bitcoin.
As there are no ads in the app, I'm curious about how the company makes money. Each time people play, there is a cost, so what is the revenue model?
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I agree about the relative appreciation against other currencies.
When you say buy the dollar, what would you be buying it with? I assume the dollar is the default form of money.
I haven't had much faith in the stock market over the last few years, but have started trading again, and I'll give you an interesting example. I have a company pension that gets thrown into a bullshit portfolio of mutual funds and bonds with limited options. I don't really touch anything in it, and made about a 15% return in a year. I consider that a crappy investment, but decent return for managing it passively.
Has the fed talked about a possible QE4? I just hear them talking about hinting at an interest rate hike, and then delaying it, pushing the markets higher each time.
I am using EURO, and given the fact that the EUR/USD is dropping now for 6 months straight, if i would hold my money in dollar i would be better off. Off course not in a bank account, either in cash or a trading account. And the eurozone really doesnt like people holding dollar over here.... But i`m talking about short term trading here, i dont have any confidence in the dollar in the 5 year term. Also your stock market investment will probably evaporate after the FED stops the printing press. And if they dont then it could go up, however the underlying dollar would eventually evaporate. A US. stock is a derivative of the dollar so if the FED prints a bunch of dollars to buy a few stocks then unless you pick the specific stocks that are bought (or the indices) then you wont see big return. I mean its already inneficient with the comission and the trickleing effect, i bet that for every 1% inflation you are lucky to gain 0.7% stock market growth, so its absolutely not efficient (ok those numbers are not exact, but its not 1:1 ratio definitely). And because of this a rally in the stock market from inflated money is really a shitty investment as you would not beat inflation that way. Yeah I didn't expect the recent rise of the USD either. What country/city are you living in, if you don't mind me asking? I don't have confidence in the dollar, similar to yourself, and haven't had confidence for a few years now, however the game goes on. Banks fail and they're bailed out. The debt ceiling is reached and then extended. Interest rates stay low which creates asset bubbles and encourages speculation, and the game still goes on. The poor depend on income and the wealthy depend on investments. Incomes don't rise while investments do. This is just my observation over the last few years, and I am okay putting a certain % of my equity into the market given the risk. The market as a whole has definitely beat the inflation rate historically (but I know inflation numbers can be measured in weird ways to manipulate the outcome). Perhaps overall cost of living is a better indicator. I think the stock market makes 7%/year on average, and government measured inflation is less than that, actual inflation - who knows. I live in Toronto and our publicized inflation rate is very low, however house prices around here have doubled in the past ~7 years (different areas will have different rates of appreciation), so the cost of living has increased significantly as well. For those that have participated in those gains, it hasn't been a bad transition, but for people that were not home owners, it's an uphill battle. Well since interest rates have been held very low, pension funds are being invested into the market consistently, into blue chip, stable equities. So I have invested in these heavily regulated cash cows. Canadian banks and telecoms fit into this picture. Look into it. The stock price holds a price/dividend yield ratio of about 4%. Each company raises the dividends each year, which pushes the stock price. Each company also posts higher revenues each year, and there regulation doesn't allow for new competition. I don't consider these risky investments. If the dollar collapses, you're right that these investments will fall, but the implications of a collapse will be much greater than losing a few thousand bucks in the market. You'd need to worry about your safety when people no longer trust money. There would be martial law and weapons would have very high worth. |
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The trouble only comes when the elites don't allow money's value to be determined by the free market, but use some form of public power to artificially prop up the value of the money that they issue.
Money's value has an tendency to be regarded as a constant when people use fiat money as a unit of value This should be called "The dependency for standard" When you use a failed scale to measure the weight of your suitcase, you will accept whatever the reading the scale give you, since normally that scale is the only standard of weight that you have. Unless you have another scale to compare their result, you won't notice that the scale failed. In fact, even if you have another scale, you still won't know which scale failed Similarly, if you compare USD and Euro, you can't tell if Euro's value is dropping or USD's value is rising, or both of them are rising/dropping at different speed In a commercial based society, people need such a standard unit of value to do business. Because everything's value fluctuates, they turn to authorities to seek the required standard. However, authorities also have no idea what is the standard unit of value, but since people demand it, they invented fiat money to satisfy that need. In turn, they discoverd that this price stability usually holds by itself because people think that standard is from an authority. So as long as they maintain authoritative, they could print themselves lots of fiat money while still satisfy this need of price stability...And when they measure price level, they only need to exclude the price of those things that they buy, e.g. capital goods and debts Great points on the standard unit of value and relativity. There's always a certain percentage of the population that is looking to scam money. Dates back to "reeding" coins in in the 1700's in the states and probably even earlier in other parts of the world, where the mint started adding ridges to the side of a coin so that people couldn't skim precious metal (gold/silver) off the sides of the coin. In the 1900's the scam artists began to control the money supply and started to counterfeit money legally. I think that price stability only exists because the USD maintains global reserve currency status. Other currencies have drifted into hyperinflation with overly aggressive monetary expansion. |
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Hey I just checked the google document and the list of names has changed on the "calculation" tab, however the bitcoin addresses are no longer aligned with the username. It's this way for me, and I'd assume for other participants as well. Not sure if it's in the process of being updated, but thought I'd mention it so payments don't go to the wrong people.
relax man... I will adjust things when I'm finished calculated it and I will make sure that I'm not send any bit to wrong people I'm relaxed, didn't mean to offend anyone. I wasn't sure if it was in the process of being updated, and it seems like it is and you got it handled. Appreciate it. |
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Hey I just checked the google document and the list of names has changed on the "calculation" tab, however the bitcoin addresses are no longer aligned with the username. It's this way for me, and I'd assume for other participants as well. Not sure if it's in the process of being updated, but thought I'd mention it so payments don't go to the wrong people.
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I really enjoyed a game that giving BTCitcoin by playing it with ourselves skills.
So, can someone please give me a list of a Game that giving BTCitcoin?
Not like a gambling that we need to place a bet, I need a free game.
If you have a device with Android, you can get "coin flapper" which is like flappy bird or "coin crusher" which is like bejeweled, from the Playstore which are free games, where you compete with other players. For coin flapper, you win 600 satoshi for first place and 300 satoshi for coin crusher. Yeah, I mean that kind of game like Coin Flapper But, I need more game for play I don't even understand how the Coin Flapper app developer makes revenue. It doesn't have any ads and pays out for winning. What is the business model? |
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i'm sure you will lose your money soon
already lost all my bitcoin That was hilarious. Did you have a certain goal of winnings before quitting? |
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Well if you put it like that, yes there are short term investments only in the fiat-based economy.
Like now as all currencies sink the dollar is growing because it's perceived as a safe haven currency, while every other CB buys it either because it;s forced to do so or because its a tradition.
So i could buy dollar now and hold it a few months then sell. It would probably make a good return, however it would still be a crappy investment.
It depends how long the FED can stall QE4, but I don't really want to find out, my guess is probably until december, so you could gamble your money and put it in dollar and see if you make a return but definitely sell it after a few months... Because eventually the dollar will come down too.
I agree about the relative appreciation against other currencies. When you say buy the dollar, what would you be buying it with? I assume the dollar is the default form of money. I haven't had much faith in the stock market over the last few years, but have started trading again, and I'll give you an interesting example. I have a company pension that gets thrown into a bullshit portfolio of mutual funds and bonds with limited options. I don't really touch anything in it, and made about a 15% return in a year. I consider that a crappy investment, but decent return for managing it passively. Has the fed talked about a possible QE4? I just hear them talking about hinting at an interest rate hike, and then delaying it, pushing the markets higher each time. |
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It's always good to have a discussion for the sake of the discussion itself, and not to have an interest in convincing or manipulating others as an end. It turns into a much better discussion and opportunity to learn that way.
Well, it would be in my best financial interest to convince everyone that Martingale is a winning strategy when it actually isn't. But I'd rather tell people the truth than lie just to win more coins from them. Yeah your honesty is evident in your posts. You respect yourself and your morals and others that can tell, will respect you as well. Do you run the site as a hobby or as a job? If this is too personal for a public forum, then don't worry about answering. |
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It's also cool to be able to put your theories to the test. A lot of people dream up some weird shit and the only way for them to know it doesn't work is to try it out and lose.
Casino roulette is slow enough that people often try out Martingale there and conclude that it works. Bitcoin dice sites let you play fast enough that you learn the truth (that it doesn't work) much more quickly. I would advise running a simulation of any strategy before putting it to the test with real money (or even dollars  ) Its funny that you being an owner of a dice casino is giving advices on not to play on dice casinos and explaining how all the strategies fail xd Didn't even know you owned a dice site dooglus. It's always good to have a discussion for the sake of the discussion itself, and not to have an interest in convincing or manipulating others as an end. It turns into a much better discussion and opportunity to learn that way. |
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I can only add that with this level of sophistication, one had better go hunt elsewhere. I mean these strategies require so high an intellectual development and mental discipline that make the effort simply not worth it (if only for scientific ends)...
ROI wise it is likely not worth it, but I think it's an interesting topic to investigate. I wasn't one to really enjoy school aside from the social aspect, but when I was in high school, I remember having an interest in finite, because part of the course was based on finding probabilities on casino games. It's also cool to be able to put your theories to the test. A lot of people dream up some weird shit and the only way for them to know it doesn't work is to try it out and lose. I remember when I was like 18, and going to Montreal where I believe we were at the age where we could go to casino's and gamble, and thinking of doubling my bet every loss (same as martingale, but wasn't even aware that it was a strategy at that time) and thinking I had some breakthrough in gambling lol. I didn't have the money or guts at the time to make large bets, so I didn't go through with it, but thought that I had it figured out for many years. Gambling on these dice sites has quickly brought me back to reality lol. |
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It is true that people need money. But at the same time they need food, water and social interactions. Do you think that they are also enslaved by it? Or we are just frustrated by bitcoin's rises and drops but not happy that Nixon took the US off the gold standard in the first place? Angry that central bankers continue to meddle with the macroeconomy?
Nixon did a few key things that were critical to having the situation we have today. 1. Getting rid of the gold standard, allowing limitless monetary expansion 2. Forcing the world to use the petro dollar, increasing the aggregate demand for the USD 3. Making drugs illegal around the world, creating the largest black market economy, where conflicts are resolved through violence and prisons are filled with victim-less criminals I think the sad part is that no one has stepped up after Nixon to fix these major issues. He had only done these things in order to get re-elected, and we are still on the same system. Food and water are physiological needs, so I wouldn't say that is a concept, it is an actual life or death need. It is possible to live without money, there are some aboriginal/tribal groups that live off the grid, and interact directly with nature to satisfy their needs of food, water, shelter, etc. This type of lifestyle isn't possible living in the city, where there is a monetary cost of living. |
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I get btc from signature campaign by play some bitcointalk account , in one day from sign campaign i get +- 0.02BTC
And i get from trading Alt-coin and Bitcoin on exchanger  So about 20 posts a day, and 1BTC in about 50 days? I have to say, that's a pretty good setup. Having a veteran account is key. You make about 20X more per post than I do as a newbie. |
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Not really, FIAT money is not a joke at all. What makes it a joke is how fiat money is handled by governments, we are living in a corrupt economic system and we don't even know how it is to live different life.
That is why we need bitcoin to show people that we can change reality and made people's life easier, so they could actually save money instead of spending everything!
My referring to it as a joke is in the context of the current system, with a government that has self-interest over the interest of the citizens. Of course, assuming responsible monetary policy and a benevolent and intelligent government, fiat would work just fine, but that is on the opposite end of the spectrum compared to where we currently are. It seems like the technology behind bitcoin has the potential, but until it is accepted as widely as a credit or debit card, it will not be able to compete against a widely accepted fiat currency. It will be a long time before that happens, if it does happen. |
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I think gambling is always a less than 50% win chance and only careful gamblers are successful
I did laugh when i read that  so thanks. Is it still 50% if i spin the dice with 98%? Nope because i still lose i have spun 98% over 100,000 this week and have staked 10.btc and i am down 0.15btc so far, i try all sorts and i am a fool like so many others thinking we can find a system, the only system we will find is how to lose less not win more it is all luck and it is worth staying away unless you enjoy it. Yeah there are times when I feel like I'm in the zone, win a bunch of times and then stop, but at the end of the day, the math works against us. Doing it for fun and not taking seriously is okay, but very few people are going to come out ahead. Better to just spend that time on the job or running a business that generates income. |
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I really enjoyed a game that giving BTCitcoin by playing it with ourselves skills.
So, can someone please give me a list of a Game that giving BTCitcoin?
Not like a gambling that we need to place a bet, I need a free game.
If you have a device with Android, you can get "coin flapper" which is like flappy bird or "coin crusher" which is like bejeweled, from the Playstore which are free games, where you compete with other players. For coin flapper, you win 600 satoshi for first place and 300 satoshi for coin crusher. |
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It's virtually impossible to save in this economy, since the entire system discourages intelligent saving, and promotes braindead consumerism. All this shopping freak women in the mall or these braindead people who stomp on eachother when a new supermarket opens.
And of course all of this is done via credit cards which borrow money from the future generations to pay for the idiocracy of the current one.
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Side issue aside, the only way to save is to not invest in the current economy (which will fall anyway soon), and invest in the new economy.
So: Gold, Bitcoin, Litecoin, other cryptos (though beware of non-fixed supply cryptos, and dollar pegged cryptos like Bitshare which are snake oil in my opinion), and perhaps farmland & ammunition.
Also inside bitcoin there are investments too. So if you invest like 30% of your portfolio in bitcoin, you can further invest into honest investment mechanism inside bitcoin with small risk like long term loans and such, which if the price of BTC goes up you win 2 times.
It's not impossible to save in this economy; although the average person is discouraged from doing so with low interest rates and the culture of consumerism like you mentioned, to constantly update or upgrade products. I would say gold/silver and cryptocurrencies are good to hold as a safety net, in the event of a currency collapse/hyperinflation, but shouldn't be the only investment. At the end of the day, the monetary expansion of currency flows through Wallstreet and the stock market. A couple years ago I started buying physical precious metals and although I'm glad I own it, it's not my primary investment for returns. If it was, it wouldn't be a good one. I think fiat currency is a joke, but the majority of people don't think that, so the game keeps going. |
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But banks don't like this, if no one is borrowing from banks, how could they make a live? If there is no new money creation, the banks will die
If banks die the economy will die with them. Banking and finance is integral to free trade. Banks are necessary in our current system, but if you could store wealth and access it for sending/receiving payments or investing outside of banks, then it would be less necessary. Right now, I can't exchange funds online without the help of a bank. The bank is the gatekeeper to having money online...and who's going to sit at home with a pile of cash? |
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But you can still get paid for doing things that you would be doing anyway if you are trying to build up your standing and ranking here, so everyone wins The beauty of supply and demand right? Absolutely. I appreciate it and I'm sure all the other newbies to this forum do as well. I agree on supply and demand. It is better off for those with higher ranks. There would be no competition if the board did it. I see sig campaigns as a bonus, I would be here with or without them. I didnt start till Sr. Member till I really started doing sig campaigns, i suggest others trying before I did.
And as far as board there are advertisements if you want major big adds.
It definitely is a bonus. I had no idea this sort of thing even existed until I joined up a couple weeks ago. |
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