Hmmm I don't see where it says the house keeps the losing bets, I think it charges a transaction fee, and pays out winners from a pool of losses from what I read, but good point in regard to a rally or sell off. I suppose in a rally or sell off an even payout might be an issue since its considered a long shot, but no bet is ever guaranteed to win, that's somewhat of a fallacy, because even in bullish climbs over a week or so you see dips for a day and so forth. I guess you could use a betting strategy to combat that also. Anyone know of any other prediction sites that are based more around a daily model? The only ones I have seen thus far seem to be based on these ridiculous random user created predictions that take months to resolve for very little payout etc.  It would be cool to find something that was consistent, potentially profitable and not based on random chance. With markets at least you can analyze the potential outcome.

Has anyone seen there is a group in Chile who have formed a community "Galt's Gulch" ? http://galtsgulchchile.com/

I came across this new site www.bitcoinprophet.com, I'm curious does anyone have any experience with this type of prediction site or know of any others?

Has anyone used bitcoin prophet?

What do you find confusing about them more specifically, I can probably help, as I was a bit confused initially also.

The Litecoin wallet is very similar to the bitcoin wallet. When you down and install the software it essentially creates a default wallet.dat file. Think of this as the ID to the bitcoin or litecoin network for your wallet. You should also encypt any wallet you use right away. If you are asking how to create multiple wallets, you would need to create those by creating a new wallet.dat file. The best thing to do for multiple wallets as far as simplicity is concerned is to probably use multibit which handles multiple wallets from within the wallet software itself.

I think in this day and age of everyone trying to spam the hell out of everyone else these restrictions are an unfortunate necessary inconvenience...

Bitcoin-QT although I am considering multibit

I am concerned with the manipulation of Bitcoin by outside corporate banks, and essentially all enemies of a decentralized currency. The recent high percentage fluctuations are bad because they constantly show that the currency is not stable and of course the corporate owned media is bashing it at every turn.

Litecoin and Bitcoin are not the same thing, although they are built on the same general protocol. So I'm not sure what you are asking, but you cannot use a bitcoin wallet for litecoins.