Gambling is a natural phenomena, people take risks every day in their lives and livelihoods.  Some of those gambles will pay off monetarily and some are just risks one takes in life.   Its pretty much to outlaw human nature in this way and if anything sports gambling is far more sensible and least risky of all the gambles one could take in life.

I agree on the illegal aspect, gambling is illegal in Pakistan for religious reasons I think but there is also a heavy influence in bribing players to determine outcomes for the betting stakes set not just in that country but across Asia.  Even UK far as it is has seen influence from Asia based gambling rings in UK games.

People can be busy or ill for 2 months possibly.   Some people arent free until the summer or vice versa have far more free time in the winter months then otherwise.  Do we really want to penalise on the basis they werent around just now.    Im not sure I really agree with that though trying to increase circulation or value use is a good intention.  

I was immediately thinking of a Chinese currency experiment that was once conducted (if I remembered it right).   Every new note issued was time dated like a cheque and would not be valid like 6 months after, I think it had the effect of decreasing value approaching that deadline.   Merit does circulate here also but its also reducing as its spread so maybe this kind of deadline or time limation as proposed would be overkill and reduction is already built in.

Reason why bitcoin has success I think is its durability, it doesnt need tending to or constant management.  Once its part of the blockchain it can just be left until useful to the owner.  So again time limits would seem to go against that dynamic crypto is part of.

I dont think they would literally require 10 btc to recognise a donator but also they dont want to devalue the previous donators contribution either as they certainly opted to donate 10 BTC not keep it till now with its higher value.
Companys contribute via paid advertising.  Its done via an auction I think

There is the copper rank for a much smaller amount (to me it shows up as 1/5th of the amount you mention).   This link is personal to each account apparently:
https://bitcointalk.org/index.php?action=credit;promote

9 days it can double, I guess its done this previously.    Doesnt matter especially as we know for sure bitcoin can be volatile and move fast, its not the most important thing compared to actual usage I think.   Thats all I really care about because I think price will follow actual population growth in Bitcoin users and it'll be far more stable then random hype or estimates purely about price. 

 Really if price is too high without justification I get worried it actually becomes a negative more then a positive, I think higher prices need a good base built on many points and especially not just hype or expectations

Some people calculate the tax rate including sales tax and all the other kinds of tax.   By that estimation I've heard people say they pay 50% of everything they earn back to government local or federal.  Not sure its correct because it would requires millions in income (and spending) to be true but I believe its possible.  
  Rich people usually run their money through a company or trust setup because these organisations get to spread their tax over many years not just one and its far more efficient when an economy and incomes naturally vary.   Of course then that requires people to organise that company for you, so theres a bias to being rich possibly.   I agree with something along the lines of flat tax; zero discouragement to maximise your income and probably this kind of tax has to be sales based.
 Qatar has the best setup they just pay everyone 20k base income which stops welfare being any discouragement from earning.  Also Qatar is a stupidly rich state and doesnt allow 'foreign' citizens, this is why economics becomes politics very easily  

Putting money towards the pension is just a smart way to reduce tax, cant really say they are then struggling.  



Bad words to say.   Might as well throw a mirror over your shoulder saying such things    Profit I just call a secondary objective that might result from some very good primary objectives achieved by some project.  Where people place value is not certain, can even be random and trend based.   The market can be nonsense not reflecting innovation in proportion.     Was LTC the best of all those different coins to survive best, it was probably just a lucky mix of factors and good/early timing.


BTC held 61.8% of spring weakness, which is pretty sound.  I thought I'd log onto to see a decline past that 8092 line and 8487 is next bar in that ladder.  8092 area is roughly where the first recovery from the April bottom went sideways, so its fair place for it to find support now.

There is a kind of oasis effect to all markets, it works in reverse.   The more people expect or envisage a certain price point the more it becomes magnetised or significant in trading action.  10k for example becomes a point of sale just for being a round number, nevermind that in each country this number is actually different and not exactly or even close to 10,000.  

Dollar is the main trading currency so that is why its susceptible to this collective image projection or mirage as I call it.    When we get there and cross through 10k we will find it was not actually what we thought and not that important.

However saying that, close by now because we have gone sideways for a few months now collectively is the 200 day average so this area has become significant just because of rebounding so often around this point.

More succinct is to just post a graph update to what I posted previously:

the blue line is the 50 day average, I'd guess we are neutral to negative short term in absence of buying especially.


The case for BTC is utility and a requirement to use based on greater efficiency then FIAT in various countries globally.    Speculators can do whatever they like, say or do nothing but I'd hope we are not too reliant on traders but actual users.    Exchanges are just the most apparent price direction but really fundamentals will give us a direction longer term, its a slower process to observe.

Anyone who didnt receive the bounty after the close of the campaign due to T&C being changed can add their details to a thread I started here :

https://bitcointalk.org/index.php?topic=2892870.msg29743762#msg29743762

The more people who can add themselves to the list as being owed PLAY tokens the more likely we can do something about it.   I also intend to start a petition to collect signatures on proper operation of KYC regulations.  Avoidance of exploitation or protfiteering should be standard practise across the crypto industry.  There is a good arguable case the KYC deadline unfairly benefited some over others, so far that case has not been defended only ignored.

In this particular case the participants across the crypto community not just Facebook and Twitter (who are now turning their back on ICO) were not sufficiently informed after the fact of the changes to payments:

• The thread title was altered for the close of the ICO but not the new KYC requirements.
• Spreadsheet with address details of participants were left unaltered with new requirements
• The opening post never reflected changes to T&C or new requirements for payment
• The campaign manager gave no mention of new requirements for payment when in correspondence with participants and/or was not made aware himself

I hope PLAY is successful overall and I said long before I was on the bounty campaign there is a good basis for the business but for a communication mixup to occur combined with a previously unannounced short deadline and then to ignore people trying to correct what was an obvious mistake is a misstep.



https://shapeshift.io/#/inputs/2

Could be good especially in the future where people win bets in PLAY.   Some of these bets will be 10% vs 90% odds or quite large winnings for unexpected or underdog wins.  10x leverage of the original amounts and I imagine the winners would use such an exchange if it were convenient

Your english is fine btw, what dates did the airdrop take place or is it still ongoing and possibly a future event also ?    The social media links dont seem to lead to active accounts apart from the youtube one.
Africa is a gigantic continent so its certainly an ambitious project.   I think Canada and most of Europe fit inside the land mass of Africa.  Its possibly a greatly neglected target audience because growth rates in Africa can be larger then anywhere else on earth

The more people expect something or state ideas like that, the less likely I think it is.  I imagine we'd have a strong rise upwards mostly just after people had been especially bearish and it was a surprise.   Looking back we'd notice this fact, this was the last time it was 4 figures and it'd just be a small foot note lost in the rush upwards.

Bill gates is big business, he has no need for BTC.    Isolate him out somewhere on a farm without any banking access or support from the dollar like he has received all his life.  See if he sees any benefit to BTC then but nothing in his perspective really gains from the growth crypto that could benefit participants.


I will be more optimistic on BTC  when it regains a longer term trend upwards or at least is above 200 day average.   Its bobbing along, cant predict it for sure at the moment

Apologies for bumping an old thread, I'll delete if I find a newer one.   

Bitpay lists a number of wallets as compatible but I presume there is no reason not to also use the greenbits android wallet to do exactly the same thing.   It also complies with payment protocol for some time as listed above, is that correct or anyone experienced anything different to that ?

Something to do with lambos and a conference is a reason for a rise.   Not sure how Lambo adds up to anything more the doge meme but this article was funny


https://www.bloomberg.com/news/articles/2018-05-14/bitcoin-climbs-from-three-week-low-as-lambos-take-manhattan


So he is arguing against competitive currency valuation or the status of the USA economy before Federal reserve arrived and saw 90% of dollar value lost.    Every so slightly self biased in his observation possibly.


If something is continually failing, a drift or occurrence of alternatives is a very healthy response by the economy to avoid that failure.  If the devaluation benefits some it does not benefit the millions who start life with nothing but their own labour and payment for that labour.

10k I think is the score it gets for general crypto community awareness and involvement maybe.   Zero would represent a dead coin with no activity/volume  occurring, market price can be something else not always straight forward either as it relies on liquidity.
The price I see mentioned there is $60 which is roughly the oil barrel price when PTR was all planned out and Ive read that mentioned before.  Also some figure of 16 but not sure how that is being calculated


I've seen no mention of an airdrop.  If anyone was going to get tokens like this it would be the people of Venezuela surely

Thats a western paradigm which holds alot of weight when the centre of the universe is Washington manufactured USD but with Bitcoin I do expect a seperate dynamic more globally based.  Apart from the price being quoted in dollars I really think the driving force is from Asia or any productive nation especially outside the inner circle of QE reserves.   I believe more selling exists in western markets then what is really driving Bitcoin up more then most of us expected long term.

Its not what I'd call a bear market, it feels alot more positive.   A rising 200 day average also seems to clash with that, maybe in time we see that measure turn negative and we should expect some decline and more challenging action.    I see indecision perhaps but not a negative market.

I'd be fine if we end 2018 hovering anywhere round 10,000, I would never have guessed that previous to 6 months ago.   Worst case to me is to flip with high volatility and for BTC to be so unpredictable it throws and deters longer term investment and usage.   So if flip between 1k and 10k violently then sure, but just being boring and going sideways into 2019 at around this price level then its fine.
Maybe its bad for speculators and exchange monkeys hoping for the bigger swing but its really the base users who matter more.  Its possible futures have stolen some of that action, I would guess its some competition and pricing operating off the chain.

If the wider implication for BTC is we need to accumulate price or its somehow a negative then I really hope thats wrong.  Price should not equate to flight speed where we stall if we dont break 10k, I really disagree. Price is just an arbitrary figure and the world should be served by BTC at 3k just as much as it is at 10k.   Its a problem if that were true, price very likely rises from growth but unlike the FED I dont want to call inflation growth.



I dont know if its especially useful but I'm going to leave the channel in as I think it effects prices some. I still expect more positive action then prior to us leaving the trend down

Speculators naturally evaporate under heat, its natural they look for easy trends and continuation not the turning points so much which is more of a process of confirmation of various support I think


Its the little bitty 'investors' that matter way more then the whales.   If it was not that way then it'd be all about Bill Gates being negative or whoever, we'd never have got this high in the first place.  They are confounded by Bitcoin because its nothing to do with the usual elite money flow which is, FED > QE > Banks > Blue Chip business > Long term owners of low tax assets.
Gates can issue his debt for 1% over five years, BTC function at present anyway represents no purpose in comparison to that

Real capitalism is coming from the billions not the rarefied Washington lobbyists.   BTC might not be quite that large but its probably much more diverse then has become normal with USD debt economy hence we've had the bell rung for BTC maybe a hundred times now.   I'd like to think it best serves the little guy and prospers by that association, leads to some confusion for those who've had their head in the political trough and see the world through that prism.


I had BTC in downward channel and breaking out.  Just a short term observation but its reentered that channel and come near to hitting the bottom trend line to that formation.   I'm not sure its valid when it varies this much and reverses but my guess this is poor timing for sell on that basis.    A better look would have been confirmation and a further rise above here.  Longer term trends are more reliable to call

The next point or the real point is the 200 day moving average.   We had some decline since the 10k area, so now the speculation is to the extent of that short term pullback.

I plotted in a downward channel and I think its broken out of that and upwards which should mean more bullish movement going forward however a break can hesitate and require confirmation so I'm not entirely sure but generally I think its more positive not a time to sell now exactly

We need a naughtiness regulator to adjudicate :p     I know of a friend of someone who got his way through university this way, but they never hacked anything just always supplied work which was not written by themselves.   So long as you pay for original work its probably very hard to stop, except for the fact he didnt learn anything on his course and could have been found out. 
 He was a foreign student going back home after and just wanted to pay for the certificate to get into certain jobs that required a degree, perhaps he had a position lined up for him waiting and would then run the union never actually doing the job anyway.

The hack would be more feasible for your local network, our high school computer department students had the net admin password to use whenever they wanted.   Any results recorded they were able to alter so long as the teacher didnt notice or they weren't too blatant.    I had pages printed out of everyones logins.
Inevitably they wrote stupid insults and it became completely obvious.  Thats the kind of hack which could work, vs a commercial organisation $100 is kinda laughable.  Maybe you find someone who thinks its a viable exercise, probably not.

Speaking of earliest supporters, someone posted this chart about various crypto inflation rate and also showing the ICO or initial distribution for various coins.  Ripple and Doge looking especially off being mostly straight up from launch, suggesting poor distribution.  I wondering if anyone wants to add in or verify data for BLK before I repost it at all so its on the map so to speak

The incentive is human nature like much of this forum to begin with, why are we even here discussing matters.   We could just go and do it I guess, but actually there is a process of discovery and merit is part of underlining good points made.  
Its a perfectly reasonable system, nothing too serious and hopefully reduces any benefit to posting without any concern for the reader of the post.  Its a simple premise, not really harsh or specially restrictive though it no doubt slows the progress through ranks for some a bit.  Activity was already quite slow to accumulate I thought so I'm not sure its worse for any normal poster.


I was just going to comment as far as negatives are concerned I accidentally typo'd a merit twice over.   Call it lag or something but I only meant to give 1 merit and it went through twice.   Not a big deal and I did like the information in the post, useful so I dont mind that much.   But hey theres a possible negative, the random mistake factor I guess.

I sometimes just merit because I wanted a kind of bookmark for that post, maybe its an index to other posts or whatever.  I rarely give more then 1 merit, not exactly super generous here but I try to be consistent :p


Everything you see or will ever do is slightly flawed, the world is flawed.  Humans are most definitely flawed in everything they do, this is reality.    If ever encountering perfection it should knock your socks because its very rare in my experience. Its a reasonable system that serves some purpose, I see no great reason to oppose its existence.   Possibly distribution could be improved but it cannot be made too lax either, so its unknown at what balance it will best operate yet I think.

Bobby Fishers mother was Jewish (also likely his father) and so was he, that was the point I was making.  The problems he attributed as some kind of conspiracy was just a poor way of dealing with his own internal conflicts.  I presume it was easier for him to shadow box with this mythical enemy then beat himself up over his own failings.  It doesnt take much to realise both entities were the same, himself.
He was a genius and he had massive flaws along with it



Heres a better quote, generally true and more applicable to bitcoin and modern forex market moves long term I think

https://en.wikiquote.org/wiki/Robert_J._Hanlon
https://www.telegraph.co.uk/news/features/3635401/Bobby-Fischers-final-bizarre-act.html

Imagine people standing on a rowing boat, even a larger boat you dont ever want to see all people standing on the same side.  Its incredibly unbalanced and leads to a capsized boat possibly to the loss of the boat and failure for everyone.     All buyers would not be a positive event to see, something is not right if that happens.  
 I agree with Rozita, a developed market involves everyone from many different perspectives, stances, timing and backgrounds.   I'm really negative on a market reliant on just one kind of customer as its far more fragile then a product anyone can use and I hope Bitcoin becomes increasingly friendly and easy to use for this reason.

This is a horribly scary thread and I hope it was meant as a joke, not a common view by many.   Bitcoin long term gains from the down moves and the up moves, so long as we find volume and there is some utility ongoing to the usage of the BTC blockchain.  You can be sure there is alot of competition out there who want to replace Bitcoin with their own system and take that revenue, so a stable slow gain in population even if it didnt see any price change is very bullish.