There's a fresh air for the bitcoin community. At least some part of community is staying active rather than posting frustrated posts on the forum. Without being considered as legal tender in Indonesia, bitcoin transactions continue to rise from year to year. Number of circulation have only reached 150-200 bitcoins. Last year, it was around 10 bitcoins per day. http://e27.co/bitcoins-use-indonesia-picks-albeit-no-recognition-20150603/
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I need an article on Gambling
topic: Introduction to Provably Fair Technology - what is it and how it works with relation to online gambling sites
Word count: 1000
Budget: 0.01 BTC
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Can someone give a complete introduction to Provably Fair Technology and How It Relates To Gambling.
[ Link to any articles? ]
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The news of bitcoin's death, it seems, is greatly exaggerated, especially now that the banking world is taking the digital currency seriously. Last fall, two U.S. banks agreed to use software created by Ripple Labs, whose real-time, cross- border payments product is based on bitcoin technology. In January, a startup called Coinbase, which essentially stores people's bitcoins for them, said it had received $75 million from investors, including the New York Stock Exchange, the Spanish bank BBVA, former Citigroup CEO Vikram Pandit and former Thomson Reuters CEO Tom Glocer. http://www.bloombergview.com/articles/2015-06-02/financial-interest-shows-bitcoin-death-exaggerated
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Dream Lover, a virtual relationship platform that allows users to send texts and receive pictures from professional models, is now supporting bitcoin as a payment option. A product of the people behind adult entertainment studio Naughty America, Dream Lover follows in the footsteps of its sister website, which began accepting bitcoin in January 2014. Launched later that year, Dream Lover allows users to spend bitcoin on account credits called Coins that can be used to purchase access to phone numbers assigned to Dream Lover models. Users pay for 30-day access to the phone number and any transaction fees. Dream Lover CEO Andreas Hronopoulos described the product as one that seeks to capitalize on what he considers the broader trend of startups enabling both real and fantasy online relationships, citing Tinder as an example.
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In today’s world of online gambling, Bitcoin poker has emerged as a new way to play online poker namelessly with special features of instant cashouts.
Bitcoin poker is becoming popular basically because it allows poker as well as casino players to play safely and securely throughout the world. Bitcoin poker is a form of virtual currency that is highly secure and players can play variety of online poker games for real money without any unwanted risk.
Bitcoin poker – Is it Legal or not?
Bitcoin poker is a way through which poker players can make their transactions securely and safely and restrict financial institutions to interact with online sites in form of processing transactions. Bitcoin is decentralized and unspecified; it is digital form of currency and not a real currency, thus it is suitable and legal for online use. As it is decentralized, it does not fall under the bylaws of any economy.
Large number of online poker players have shifted to Bitcoin and started using it because of its special features, like anonymity and immediate transactions without any interruptions. There are no laws for governance of Bitcoin, thus you can play Bitcoin poker without any difficulty.
How to find the best poker website for Bitcoin users
Aspects to be considered when choosing a Bitcoin poker website depend on your preferences and choices. To get into the best poker rooms that offer Bitcoin, here are some tips:
1. The website should be insightful and user-friendly and we suggest a leading Bitcoin gambling site, like Coin Royale. You can easily navigate the various features of the website quickly and easily find your way to go ahead. You will feel comfortable and familiar with the website, as it is simple and functional.
2. Research and analysis is important. Always look for player’s reviews and feedback to get an idea about the website before joining.
3. Promotions play an important part. Check the website that offers bonuses and rewards and pick the room accordingly but cautiously because promos and bonuses offered are not always where to play Bitcoin poker.
Many online sites now have started using Bitcoin for poker and casino games. This digital currency can now be used for playing poker online and player can enjoy the benefits, too.
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Abra and Streamium have caught the attention of renowned cryptographer Nick Szabo. They have developed bitcoin-based platforms to disrupt billion-dollar markets in the remittance and broadcasting industries. If they successfully scale over time, Abra and Streamium are set to compete with major companies in their respective industries, such as Western Union, Twitch and Netflix.
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Bitcoin is seemingly finding it difficult to shrug off laziness and inactivity. Ever since it breached the support zone at the start of this week, the digital currency has traded in an extremely narrow range of $234-238. However, I expect either of the fighting parties to make a decisive move as we enter the latter half of the week. Bitcoin trades on a flat-to-positive note, up from yesterday’s $235.19 to $235.40.Taking a technical look at the 240-minute BTC/USD price chart helps us in finding out that there is a better chance of Bitcoin hitting $230 than there is of kissing $240. Bitcoin Chart Structure – As can be seen from the chart above, Bitcoin made another attempt to force a jump to a higher ground but the resistance zone (marked as yellow in the chart) proved to be an insurmountable task. The digital currency is trading flat as it remains trapped between support and resistance levels. Moving Average Convergence Divergence – The MACD indicator has closed in on the Signal Line, thereby lifting the value of the Histogram to -0.1338. The current MACD and the Signal Line values are -0.5486 and -0.4148 respectively. Momentum – The Momentum indicator has sunk deeper to -2.0500 from -1.6800. Relative Strength Index – The 14-4h RSI reading continues to linger near yesterday’s level. At 44.7224, the indicator reveals that the market sentiment is still fairly bearish.
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After Gavin Andresen’s proposal to increase Bitcoin block size to 20 MB, chief scientist posted a new blogpost.
In it, Andresen spared himself from discussing the technical aspects of his proposal but moderately focused on the inconsistencies within the Core Bitcoin project. He feared that the lack of consensus over the Bitcoin’s proposed block size is leading its development to a fancy stage, known as “Analysis Paralysis”.
Prior to introducing us to this term, Andresen openly recognized the criticism made by a section of Bitcoin community — regarding the lack of proper research and testing into the economic implications and security of the proposal. He however also recognized that the fear of tackling these challenges are also slowing down the Bitcoin development en masse.
“I’m convinced the uncertainty over when or if this will be resolved is harming Bitcoin,” Andresen added. “If somebody can point me at a successful software technology that went through years and years of debate and research and was not deployed until it was perfect I’d change my mind – the example that immediately comes to my mind is Project Xanadu versus the Internet.”
He is clearly trying to win back the community’s trust. Well, The community, has responded positively to his new and calmer approach — and have asked him to go ahead with the fork.
“I say just release the updated version with an increased block size, and see how many people update it,” one of the users commented. “It’s a voluntary choice to update. That’s the vote.”
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Bitcoin technology has a lot of property to attract digital remittance operators, starting with its decentralized technology, and some money has been invested in this market as the remittance industry is quickly shifting to digital. Bitcoin also seems to have been introduced to manage remittance to developing countries thanks to it low-cost operating structure, especially as a lot of money is currently lost in fees along the remittance process.
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