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1  Economy / Service Discussion / Re: bitcoinminersuk.com: is this legit on: December 22, 2015, 01:40:20 AM
they are most certainly legit.  I knew they were when I saw they accepted paypal, I played it safe by buying a small U3 miner to begin with, I got a tracking number in about two hours and it arrived two days later.  I have since bout a few S4s and now I use their hosted miners as you only pay icelandic electricity rates which are nearly a quarter of the cost of England, the payouts are daily and you get a statement emailed at the end of each month, very quick to reply aswell and they now have their own liquid cooled miners which look very neat :-)
2  Economy / Gambling / Re: Provably Fair Roulettes with good limits? on: December 22, 2015, 01:04:08 AM
It completely baffles me that someone who has either worked hard for their Bitcoin or paid so much for it would gamble it away.  I see no point in trying to talk you out of it, if you are going to gamble you are going to gamble.

One thing I cannot recommend enough is that you follow the KELLY CRITERION this is something Bitcoin users should appreciate as it is an algorithm as well, but what it is more is a set of rules which prevent you from losing more than you can afford to lose.  It is very successful as it removes the natural human instinct to keep rolling the dice in order to try to win back your losses.

I can't advise on a "Fair" Roulette table as none of them are, they ALL lean in favour to the owner, some are worse than others, however, if you apply the Kelly Criteria you probably wont win money but you wont loose it either.

It's also a very beneficial thing to learn for any form of business or investing as after-all most things in life are a gamble but its about taking calculated risk rather than blindly throwing your money away.


Anyway, I hope this helps :-)
3  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin 'real money' to you? on: December 22, 2015, 12:53:53 AM
Well its the same as when I saw this documentary where this man went on for over an hour about how our money  is not real and the host asked, 'How much do you have?' He replied '$200' so the host said 'If it's not real, can I have half' to which the answer was 'No I buy things with it'

So if Bitcoin can buy "things" and there is a ledger showing that it is not being printed or copied or counterfeited like fiat currency then it is certainly real money to me!
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