We need not to even convinced any merchants to accept the use of bitcoin as payment gateway because most of them will still see the usefulness of the technology
You are wrong on so many levels.  Bitcoin has the edge over other Alt coins, because of it's large merchant network and also because they have such a big pool of people using it. Bitcoin adoption might be larger than it's competitors now, but it will decline IF the merchants stop accepting it as a payment option. We only have the advantage over other Alt coins, because Bitcoin has a head start over other Alt coins. So please stop thinking like that and look at the consequences, if people stop growing the Merchant network.  |
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It is definitely not a easy job to do this. I have once been banned for 2 years from a online gaming platform, because I asked if they wanted to consider accepting Bitcoin as a payment option. I have also been shown the door, when I asked a "Spy shop" selling electronic spy gadgets, if they would be open to accepting Bitcoin as a payment option. The owner was scammed a few months back from someone that bought something with bitcoins and he took his rage out on me. Even, if you do not convince some merchant to accept Bitcoin as a payment option, it would stimulate their curiosity, if someone walk into their shop every day, asking for this.  I am currently targeting a Drone shop in my area.  |
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Where do you get the funds to pay these rewards? Do you use referral income for this or are you being paid by those sites to host their sites on your website? Very interesting concept. What type of sites do you want us to suggest? <Sites with affiliate or referral programs or any site?> I will wait for your answer, before I send you some sites that I would want you to add on your site. Good luck with the project. |
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So, we know that if we want to succeed with this experiment, we must get people to use and accept bitcoins. Bitcoin adoption will only grow, if there are merchants and services that accept it. How many times have you wished that your favorite shop accepted Bitcoin as a payment option? Did you ask them if they know about this and if they are considering this? I had made it my primary goal to go out there and to actively convince people to accept Bitcoin as a payment option. They have nothing to lose, because it is just a additional payment option. <Just need a little more training> We should have teams of people that are actively involved into training merchants to accept Bitcoin as a payment option. <Free service>, if we want Bitcoin to become a alternative payment option. Forget for one moment that some people want Bitcoin to be a "Commodity" or a "Store of Value" and focus on trying to stimulate the "Payment/Currency" side of Bitcoin. Are you waiting for other people to do this or are you doing this yourself? If you are doing this, please take part in the Poll to indicate how involved you are in doing this. |
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When it was announced that the Silkroad coins would be sold on auction a few years ago, the price dropped a little. This is a clear indication that the market reacts on news like this. So I presume that the mere movement of 1 coin from the Million coins that Satoshi mined, would send the market into a Selling frenzy and this will push down the price. There are so many trigger happy speculators in the Bitcoin market these days, that a event like this will spark a massive dump of coins onto the market. I will be one of the people who would be waiting with open arms, to collect all these cheap coins. If I had access to only one of Satoshi's private keys, I would sell 1 coin immediately to flush out all these speculators that are manipulating the Bitcoin market price. |
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Glad to see you are back with quick support and good promotions. A bit disappointed that you are running a self-moderation thread, because this is a immediate red flag for most users on this forum. In any way, we asked for better support and you delivered, which is a good step in the right direction. Thank you for that. So when will we see some more "Holiday" promotions? <With no wager requirements?> Those was some good times. |
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Storing any private key online is a stupid idea in my opinion, no matter how it is stored. In any organization, you get disgruntled or corrupt employees and this is the weak link. Once the developers of these companies leave, the information on how to exploit these methods are out there. I am still in favour of storing your private keys in a off-line paper wallet and after the "sweep" this paper wallet should never be used again. |
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How many people stopped trading on fiat foreign exchange markets because these currencies are still used the most to buy drugs on the street and to pay for prostitutes and black market items. This so-called reputation that Bitcoin has, is a joke. Bitcoin got this reputation because of "Silkroad" and it was blown out of proportion by the media and Hollywood movie studios, because it was sensational material. There are more people using Bitcoin for legal purposes every day, than people that are using it to pay for illicit activities. Most of these people are using privacy focused coins like, Dash and Monero now. |
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We have increased the MULTIPLY BTC commissions from 0.25% to 0.40% of the amount that your referral wagers! Refer more users to play MULTIPLY BTC and start earning big!
Interesting for those who have referred big players I dont think there are much big players on the site. How ever I agree that there are a "lot" of small players. So a person needs to invite more in quantity as compared to quality in order to generate profit as no whales will be interested to come here with 5% house edge because they can already find much lower house edge in other gambling sites. 5% isn't really that huge though. I mean it is quite rediculously high and 0.5% is better but all the sites with 0.5% house edges take investors and they don't give out stable commision, sometimes you earn, sometimes you lose it's just the luck of the draw. Some people would probably play this site because they're less likely to win so when they do win it is worth more because the chance of them winnng is so much lower. I disagree. it is not about the number. it may as well be 2% or 1.5% or even possibly be 1.1% and doesn't make a difference. when people want to choose where to go they compare these services (in this case a dice site for gambling) and it is a competition. when one site offers 1% and the other 0.5% and the other 5% people will choose the one with lowest house edge not the highest. there are good incentives on this site in my opinion such as the lottery (both free tickets and ability to buy), rewards you get which you can use in many ways, profit from your investment which is 100% guaranteed not like investment in gambling sites that depends on players losing/wining, free rolls, .... but these are good for a different kind of user, in the end if you want to attract gamblers you need lower house edge. This is like catching a double edged knife. You get cut, no matter what you do.  If they offer a lower house edge, then something else must be sacrificed. We might have to give up some cross-funded features, like the Lottery system or the FREE faucet etc. So let's just accept the fact that there are no perfect solution for this and just enjoy the features that are on offer, because of this high house edge. In future they might come up with a better way to fund this and the house edge might be lowered. |
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I cannot see why we need some "Pump n Dump" charity coins to encourage Philanthropy in Crypto currencies. Why not use Bitcoin? I have also seen these RhinoCoin type projects with their own tokens and I think it is useless to invest in that. The Pineapple Fund was one of our most successful Philanthropy projects and they just used Bitcoin. If you want a bigger target market, then go for the coin with the most users. <Bitcoin>  |
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There must be a better way or strategy to reduce the risk for people to lose large amounts of money, when these exchanges gets hacked.  What about advising people that they should withdraw their funds if they are not going to trade in the next few days? I have noticed that many signature campaign participants used exchanges because of high transactions fees back then. Currently, exchanges have extremely high withdrawal fees. Was it the only reason? Aren't some people just too lazy to do a research and choose a proper wallet? Also, recommending splitting the investment among a few different exchanges at the same time might be a good idea but not everyone will follow this advice due to lack of funds. Every exchange is different, but my exchange charge "withdrawal" fees with every withdrawal you make, be it fiat or bitcoins and some even charge deposit fees. <This might be to discourage people to withdraw frequently> So you have to keep that in mind. Using several different exchanges makes you even more vulnerable. The chance of you getting hacked, increase if you distribute your money onto a lot of different exchanges, but it reduces the amount of money that you might lose. |
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Wow, I am amazed at the current result of the poll, so far. 30 Voters and 40% of them trust exchanges 100%.  This explains why so many people lose, so much money when these exchanges gets hacked. We are conditioned by the "trust" relationship that we have with centralized fiat systems like Banks and we expect that these exchanges will have the same level of "trust". How many people have actually met any employee working at these exchanges? How do you know that these people are trustworthy? I had several meetings with my Bank manager and Bank consultants, so I know who to slap around when they fail me. ^joke^ < I cannot say that I have such a relationship with my local Bitcoin exchange employees > We should seriously educate people more about the dangers of these exchanges. Even shocked too that the result of the poll people do trust 100% on exchangers? Are they kidding me? I assume those people are just newbie ones which doesnt know too much on exchangers and doesnt able to know or experience on what do usually happen with these platforms. No exchange is 100% which anyone do exist do have the risk on getting hacked or do experienced problems. Nothing on this market is unhackable therefore if you dont like to suffer possible loss then dont make an exchange wallet to be your main and dont store up too big amounts. My point exactly. If these are "newbies" who are trusting exchanges like this, then we have our work cut out for us to educate them. A lot of old traders are saying that you have to trust them, because of the way that the buy/sell orders work, so this is also a problem. <Coins/Cash cannot be withdrawn, if you have open Buy/Sell orders> Back in the days of MtGox both "newbies" and "old-timers" lost money and we see that with all the exchanges that gets hacked. There must be a better way or strategy to reduce the risk for people to lose large amounts of money, when these exchanges gets hacked. |
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We have increased the MULTIPLY BTC commissions from 0.25% to 0.40% of the amount that your referral wagers! Refer more users to play MULTIPLY BTC and start earning big!
Interesting for those who have referred big players I dont think there are much big players on the site. How ever I agree that there are a "lot" of small players. So a person needs to invite more in quantity as compared to quality in order to generate profit as no whales will be interested to come here with 5% house edge because they can already find much lower house edge in other gambling sites. I beg to differ, because you will have to look at the bigger picture, before you judge the site. They might have a 5% house edge, but if you know how to fully utilize the site, that might be much lower. Let me explain : You can open a second account for your spouse for instance and then link that as a referral to your "Whale" account. <Just verify it and link it to a separate mobile phone> This is allowed, if you do it correctly. This allows your spouse to get 50% of whatever you win in addition to getting free lottery tickets every time you play. <Now suddenly the % goes a bit lower, because you legally gamed the system> The Whale also receive reward points and this puts money back into his/her pocket over time. <When they qualify for these rewards> Lastly, the deposits receive a 4% interest daily, so the Whale might not even have to gamble with his/her own money and just be playing with the interest. There is so much more to this site than what most people see. |
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One of the key advantages that I picked up on, was that stolen or lost cards cannot be used without the owner of the card being present. The person cannot access the funds on that card, without the fingerprint or biometric data, so that is already a pretty good advantage over traditional methods, like credit cards and debit cards. <Where a pin number can be observed, when you use it> This will stop card skimmers from duplicating your card and stealing your funds. https://www.telegraph.co.uk/news/2017/03/17/can-spot-tiny-hidden-camera-atm-photo-police-warn-new-fraud/Hope this will take off in the future. You are absolutely right!!!!  The biometric feature is a very unique feature to human so no one can replicate that which minimises the risk of fraudulent activities or the card getting stolen. In case the UKey card is stolen or damaged, they can always order a new card and restore their original wallet. Once they receive the new UKey card, they need to launch the Unikeys Wallet application to restore the wallet with their smartphones. Users need to take their recovery sheet and type the backup seed. After defining a new pincode and pairing the new UKey card on their smartphone, their wallet can be fully be recovered. For details, please visit our website at >>>>>> http://www.unikeys.io <<<<<< and Follow us on our social media channels! ▪️Twitter: https://twitter.com/UnikeysTeam
▪️Facebook: https://www.facebook.com/UnikeysTeam
▪️Instagram: https://www.instagram.com/UnikeysTeam
▪️LinkedIn: https://www.linkedin.com/company/Unikeys/
▪️Medium: https://medium.com/@Unikeys
Is the UKey card in any way linked to the phone? What if the phone is stolen? or do you just use any phone to access the wallet application to restore the backup seed? In most instances where you are robbed, these thieves take all your valuables. < Wallet & Phone> So I presume that this is similar to hardware wallets, where the seed is generated when the card is used for the first time and then stored in a different location. Even if your phone is stolen, you can use another phone to pair the UKey card. It's just as simple as downloading the Unikeys app again and re-pair the card with the new phone Any questions please let us know. Don't forget to follow us on our social media channels! ▪️Twitter: https://twitter.com/UnikeysTeam
▪️Facebook: https://www.facebook.com/UnikeysTeam
▪️Instagram: https://www.instagram.com/UnikeysTeam
▪️LinkedIn: https://www.linkedin.com/company/Unikeys/
▪️Medium: https://medium.com/@Unikeys
▪️Telegram: https://t.me/joinchat/FhdCtRJPbCX40kQ6YwEIBwI have used and tested a lot of fingerprint scanners before and these devices gets dirty and some even fail over time. If the user lose their seed and this device fails, would you be able to "repair" the scanner or recover the data from this device? I am also curious on how the card is powered to enable the fingerprint scanner to work? Will it derive the power from the slot where it is inserted or from the card? |
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I would argue, as the paper noted, that if miners were to perform any kind of large scale double spending attack, that Bitcoin would be largely worthless if the POW was not changed.
I would also point out that there is not (and never has been) a large scale rental market for miners, so an anon malicious user cannot simply rent a large portion of the mining network, they would need to actually buy (or create themselves) the underlying miners to perform this kind of attack.
The paper seemed to incorrectly assume that old, inefficient miners are available in unlimited quantities, which is not the case, especially at the below-cost-to-manufacture prices they will sell for. When a miner is no longer profitable, they will often be sold, and the manufacturer will not producing them (if they have not already), causing the prices of these miners to decline. When the new model of miners are manufactured in the same quantity, they will be able to "out mine" the prior class of miners.
If mining capacity is being rented out to a pool (via PPS), or a miner rental site, that is using said capacity in a way that is harmful to Bitcoin, the owner of those miners will move their capacity elsewhere in order to increase the chances of recovery of their "sunk costs" of their miners.
Exactly. We saw what happened to GPU cards when ASIC chips was introduced. For a while those cards were flooding the market and nobody was interested in buying them. Then some Alt coins came out with a much lower difficulty and these cards sold again, but they were never used for Bitcoin mining, because the difficulty increase rendered them obsolete. The same thing happens with outdated ASIC miners. So I do not know where all this hashing power is going to come from to launch this attack. <You have to hope that other role-players will not counter this attack, like they did with GHash> |
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Ripple has been a Bank Bitch from the start. They will bend over for any government, just to get their foot in the door and to survive. I refuse to buy any Ripple, because they are "Banks" in sheep clothing. Yes, some regulation is necessary to protect consumers, but Ripple is taking it to a much higher level. To me they are the Judas of the Crypto currency scene. |
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This is more serious than you might think. Let's take this as an example : The guy deposits $1000 into your Blockchain.info wallet and he goes onto the internet and access a site that sells child pornography and he pay with your account. Let's say this is a Honeytrap site and the authorities use that to trap these paedophiles. Who do you think will be held responsible, if they trace those transactions back to you? My advice, close the account and get the heck out of that situation, because you are setting yourself up for a world of problems. |
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The price will react immediately. It will go down hard. <Well, depends what he says on the forum and what his plans are with his 1 000 000 bitcoins> If he mentions that he is going to "burn" it, then the price will skyrocket, but if he says that the coins will be dumped back into circulation, then the price will go down. His communication will be key to the events that would follow. |
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Wow, I am amazed at the current result of the poll, so far. 30 Voters and 40% of them trust exchanges 100%. This explains why so many people lose, so much money when these exchanges gets hacked. We are conditioned by the "trust" relationship that we have with centralized fiat systems like Banks and we expect that these exchanges will have the same level of "trust". How many people have actually met any employee working at these exchanges? How do you know that these people are trustworthy? I had several meetings with my Bank manager and Bank consultants, so I know who to slap around when they fail me. ^joke^ < I cannot say that I have such a relationship with my local Bitcoin exchange employees > We should seriously educate people more about the dangers of these exchanges. |
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One of the key advantages that I picked up on, was that stolen or lost cards cannot be used without the owner of the card being present. The person cannot access the funds on that card, without the fingerprint or biometric data, so that is already a pretty good advantage over traditional methods, like credit cards and debit cards. <Where a pin number can be observed, when you use it> This will stop card skimmers from duplicating your card and stealing your funds. https://www.telegraph.co.uk/news/2017/03/17/can-spot-tiny-hidden-camera-atm-photo-police-warn-new-fraud/Hope this will take off in the future. You are absolutely right!!!! The biometric feature is a very unique feature to human so no one can replicate that which minimises the risk of fraudulent activities or the card getting stolen. In case the UKey card is stolen or damaged, they can always order a new card and restore their original wallet. Once they receive the new UKey card, they need to launch the Unikeys Wallet application to restore the wallet with their smartphones. Users need to take their recovery sheet and type the backup seed. After defining a new pincode and pairing the new UKey card on their smartphone, their wallet can be fully be recovered. For details, please visit our website at >>>>>> http://www.unikeys.io <<<<<< and Follow us on our social media channels! ▪️Twitter: https://twitter.com/UnikeysTeam
▪️Facebook: https://www.facebook.com/UnikeysTeam
▪️Instagram: https://www.instagram.com/UnikeysTeam
▪️LinkedIn: https://www.linkedin.com/company/Unikeys/
▪️Medium: https://medium.com/@Unikeys
Is the UKey card in any way linked to the phone? What if the phone is stolen? or do you just use any phone to access the wallet application to restore the backup seed? In most instances where you are robbed, these thieves take all your valuables. < Wallet & Phone> So I presume that this is similar to hardware wallets, where the seed is generated when the card is used for the first time and then stored in a different location. |
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