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901  Economy / Gambling discussion / Re: How many bets do you we need to do in sports betting a day? on: November 18, 2016, 02:12:50 PM
Are you talking about small number of bets or bets with small amount per bet? I will say number of bets doesn't matter as long as you bet on high odd games you can win more than you could win with several bets of low odds. But betting on high odds is very risky than low odds bet.
902  Economy / Gambling / Re: Anouncing new bitcoin game SATOSHIDIGITS.COM (Feedback appreciated) on: November 18, 2016, 02:09:06 PM
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2) You will be connected with the user who agrees to play with the same stake.
3) After the connection with your opponent, we show 10 digits in (0,1,2,3,4,5,6,7,8,9) from where you need to choose 3 digits and similarly the opponent does too within 20 seconds.
4) When the time is over, server will generate 5 random numbers and we check on the number of hits made with your choices. So, you may hit 2 numbers and your opponent may hit 0 or 1, in that case you will win the pot.
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All PVP games suffer from getting players online enough to start playing against each other. As well as there are few problems in above methods for choosing winners like;

- the first player may have to wait for next player to join
- you have time limit of only 20 seconds so both players need to stay online and what will happen if one get internet connection problem

I think you can allow first player to choose 5 numbers he like and even he go offline other player can join him and get remaining 5 numbers if he agree, and than you can generate those 5 numbers as you have mentioned. In this way players don't need to wait for so long to just play one round.
903  Bitcoin / Bitcoin Discussion / Re: India is Paying $900+ for Bitcoin Amid Cash Crisis on: November 18, 2016, 01:56:05 PM
It is not a surprise to see such high price than current market price because there is not many bitcoin in India. Only limited sellers are trying to cover huge demand after government banning 500 and 1000 INR notes as well as bitcoin price have itself grew $50+ in last few days which also helps to pump price more in Indian local exchange platforms.
904  Economy / Speculation / Re: Bitcoin price volatility on: November 18, 2016, 11:21:15 AM
Bitcoin price was volatile from the start of bitcoin trading so it is not surprising to see dumps and pumps on bitcoin. And we can't conclude anything about future price just looking at few $ pumps happening at short time period, but if we look at price trending charts on longer time period yes price trend is upwards this whole year. So i think 1000$ can be reached again or even we may see new ATH price but we may have to wait a year or more for it to happen.
905  Bitcoin / Bitcoin Discussion / Re: For what was Bitcoin created? on: November 18, 2016, 11:17:39 AM
created for people to buy marijuana anonymously. kidding. But I think a huge reason is for anonymity.
There are many other possible reasons why bitcoin was created other than anonymity and possibility to buy marijuana.

what bitcoin provides?
financial transparency, limited supply so no one can just print out bitcoin to increase supply like paper cash, decentralize network so you will never loss access to your bitcoin/money and you will have full control over your bitcoin rather than banks/governments handling/looking all your financial transactions.
906  Economy / Micro Earnings / Re: FaucetSystem.com💰Bitcoin microtransactions service💰Migration from FaucetBOX🔃 on: November 17, 2016, 05:46:53 AM
Looks like faucet script is running without any issue claimed at http://biciklo.xyz/
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Add bad ip blocking with refund payments
This sound really useful, refund payments may create lots of confusion as well as may add lots of manual work for administration team.
907  Economy / Investor-based games / Re: BtcRocket.net on: November 17, 2016, 05:03:34 AM
A normal person with little bit of common sense will immediately detect this as purely scam there is no way for any investment to give you 11-16% return per day forever.  Grin

However nice post, may be this will stop few people from getting scammed who were thinking about investing in this. But site seems promoting other cloud mining services under Best Bitcoin Cloud Mining Services, bad practice. No any cloud mining services can be profitable or trusted.
908  Economy / Service Discussion / Re: Bitcoin Wallet with best API on: November 17, 2016, 04:47:01 AM
There are several and i have actually developed some php apps before using block.io but they have lots of limitation in free package.
Better to try blocktrail.com or blockchain.info, blocktrail is free without limit/high limit.
909  Economy / Speculation / Re: YUUGE Runup in BTC Price Today (+$35) on: November 17, 2016, 04:40:25 AM


I don't know why.  China?

But, I am pleased that I found a new BTC ATM in my city that only charges 9% over "spot" (vs. the 14% of the other machine).  I was lucky to get BTC when it was $733 (spot price)
Volume always seem to be coming from china when looked on fiatleak and i think that is also normal to see as everybody know for Chinese investing in bitcoin is most secure investment rather than holding their currency in banks.

Recent price pump is really amazing and we are already back to near $750 so may be this will be next stable region rather than $700.
910  Economy / Gambling discussion / Re: When is Gambling Like Investing on: November 17, 2016, 04:06:46 AM
I'm not a fan of gambling by itself, but instead as a way of studying and learning about other things.  For instance, I'm sure that if elderly people kept playing card games, it would help keep their minds alert.  Studying poker involves studying human nature and probabilities.   There are other aspects like studying risk in gambling, which is like studying risk in investing.  

Does anyone have any examples of how gambling is like investing?


Gambling is not like investing in any way and i also don't think gambling should be considered as thing to keep your minds alert, it rather create panic, fear as well as lots of disappointment if you are playing with real money. And if you are playing without any real cash than it can be considered as a way to pass your free time. Wink
911  Bitcoin / Bitcoin Discussion / Re: Future of Bitcoin is in Danger among 1.25 Billion people. on: November 17, 2016, 03:17:14 AM
Actually what forcing people to buy at high rate is limited supply of bitcoin in India as there are not many traders as well as not any mining farms that can generate bitcoin and supply to market. Also due to tight foreign currency law, people can't send their local currency to foreign banks or can't deposit higher amount in international trading platforms to buy at market rate. There is monopoly on price of bitcoin in India and in majority of countries where government strictly prohibit transfer of currency outside country.
912  Bitcoin / Bitcoin Discussion / Re: Is there new people coming to Bitcoin? on: November 17, 2016, 03:02:15 AM
Looking at stats of this forum here https://bitcointalk.org/index.php?action=stats
It seems fewer people are registering but this can't give correct number of new people who are getting interested in bitcoin and for sure it is really high number than this 300+ on average per day.

Only few of those newbie came to know about bitcointalk or think about joining this forum on starting days. Most of them will just register on web wallets and trading platform to just buy bitcoin and store for future. Blockchain.info wallet have recently announced they have 8 million+ wallets and also number have been increased dramatically recently, which could be enough to figure out really high numbers of new people are joining bitcoin trend.
913  Bitcoin / Bitcoin Discussion / Re: Satoshi and Bitcoin value on: November 16, 2016, 06:33:17 PM
What could happen if Satoshi appears?
If he start to appearing on media and things like that, can pump the coin?
If he's an criminal or something like that, it can dump the coin?
- If satoshi appears all of sudden there will be lot more panic in market far from anybody could imagine.
- That may make dump the coin and i don't think satoshi like to see that
- He can't be considered as criminal, he may be awarded by Nobel prize in finance for this revolutionary project.
914  Bitcoin / Bitcoin Discussion / Re: Over 100 Migrant Workers Test Blockchain Remittance in Thailand on: November 16, 2016, 05:33:40 PM
To be global there are lots of challenges for any blockchain/ethereum based remittance platform like this. Crypto to cash platform will be needed in both countries from where payment are being sent and where it will be received.

Normally buy price for crypto will be high in the country from where payment have to be sended due to high demand while selling price will be lower than market rate in places where they will receive those cryptos due to high supply. This will make fee look even worst than normal remitance service.

To find cheaper way to do cross country transactions using blockchain and smart contract we need to wait for proper distribution and balance between supply/demand of crypto in every countries.
915  Economy / Gambling / Re: Bitsweep.ga MINESWEEPER GAME with JACKPOT upto 20BTC [MONEYPOT] on: November 16, 2016, 05:23:00 PM
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The app that directed you here did not supply a valid request.
Reason: redirect_uri does not match any of the URIs configured by the app operator
Until the operator of the app complies with the MoneyPot API, you cannot authorize this app.

You better fix the above error without authorizing we can't even try. Also you can try using full page user interface with some bigger boxes.
916  Economy / Web Wallets / Re: Blockchain wallet will allow credit and debit card funding on: November 16, 2016, 05:15:52 PM
This sound more like blockchain wallet is also going to be server based rather than client based over few months after they will make this global and also add trading platform just like coinbase. This may also force them to have KYC policy and may require verification system to be added, which for sure gonna hurt lots of their users. I will also stop using them if they start verfication or any limitation just like coinbase has.
917  Economy / Speculation / Re: Bitstamp now $30 behind Chinese exchanger on: November 16, 2016, 02:56:56 PM
This may be just because all this buy force are coming from china and for chinese they will trade on chinese exchanger rather than in bitstamp or coinbase. But eventually after next few hours price will be almost same in all of the exchangers. Orderbook need some time to get adjusted according to markets.

Gap have already been down to near $20 right now.
918  Economy / Economics / Re: Reason why you should Buy bitcoin now on: November 16, 2016, 02:54:15 PM
In four years, IBM says that 66% percent of banks expect to have blockchain in commercial production and at scale.

And you forget to mention all this blockchain based transaction will be centralized or controlled just like banks/governments use to control our bank accounts and cash right now.  Wink

They will use blockchain tech behind bitcoin and try to create pressure on government to limit the bitcoin growth.
919  Economy / Economics / Re: Removing Russia from SWIFT: Bitcoins nuclear option on: November 16, 2016, 10:03:35 AM
Recently it was considered to remove Russia from the Swift network. Sort of the nuclear option amongst sanctions.

http://www.investopedia.com/articles/investing/022315/sanctions-swift-could-hit-russia-where-it-hurts-most.asp
Almost a year old article and yet there is no any effect on Russia however it is true that bitcoin can be option if they get removed from swift network to have cross border transactions.
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I am not saying 1 million is easy to reach, but 10k is nothing, given the very tiny market cap of BTC, compared to networks like Visa, Mastercard or the largest one, Swift.  Smiley
Yes even without such event bitcoin can reach 10k over few years because bitcoin have really low marketcap so new money can easily flow from people/users/merchants shifting from mastercard/visa networks due to low fee and better security.
920  Economy / Economics / Re: Tech companies who support cryptocurrencies on: November 16, 2016, 09:58:42 AM
Do you mean companies which sells technics? If yes, than newegg is that one which accepts bitcoin payments. I don't know correctly which companies accept bitcoins also but if I amn't wrong BitPay has partnered with many large merchants over the past year including Microsoft, NewEgg, TigerDirect, and Warner Bros Records. This companies were accepting bitcoin payments.
Actually the companies which accept bitcoin through bitpay shouldn't be considered as supporting bitcoin or cryptocurrency. They just use bitpay to get wider audience and promote themselves being first to accept bitcoin payments but on end they just convert their bitcoin to fiat and create sell pressure to market. This is not good or supportive action for bitcoin.
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