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1141  Bitcoin / Legal / Re: Not Declaring Bitcoin Income on: September 10, 2017, 09:05:31 AM
...The IRS decided to go fishing into old coinbase records dating back a few years suddenly....

Would they have ever done that without the spectacular BTC price increase in the last months?
If the market cap of BTC would still be under 10 billion $, they wouldnīt have started cooperating
with blockchain analytics companies in my opinion.

1142  Bitcoin / Press / Re: [2017-09-10] Chiasso, Swiss Municipality to Allow Citizens to Pay Taxes in BTC on: September 10, 2017, 08:58:47 AM
Why did both Swiss municipalities decide to introduce the ability to pay taxes with BTC with such tiny limits?
Are they scared of the volatility? Will they sell the attained BTC immediately at spot price or accumulate them?
The article doesnīt provide a lot of details regarding the actual execution of BTC tax payments.

Nevertheless, this looks like a good development!
1143  Economy / Gambling / Re: Why has no fiat casino adopted provably fair gambling? on: September 09, 2017, 05:53:36 PM
...
That's not true. Pnline fiat casinos could be just as provably fair as the Bitcoin ones. The fact that they aren't can only mean that there's no demand for it from the people who play at the fiat casinos, because it would be easy to offer.

I guess in general Bitcoin gamblers tend to be more technically savvy than the average fiat gambler, and isn't put off by the concept of hashes. You might find that more fiat gamblers would be scared off if you started shoving "formulas" in their face while they were trying to play.

Dooglus, were you the first to offer provably fair dice (or do you know who pioneered it?)?


There are almost no fiat casinos with only proprietary software, nearly every single one licenses out lots of different games from providers like NetEnt, Quickspin etc.

I've talked to owners of big fiat casinos and they aren't interested in 'provably fair' games because they think putting a 'provably fair' game next to a normal game would imply that the normal games aren't fair & ultimately the end consumer doesn't care about it yet.


Also, getting the 'RNG' approved for a Maltese/UK license when you offer 'provably fair' games is challenging because technically provably fair utilise deterministic number generation and doesn't exactly check all the needed boxes. That being said, we previously sent a whitepaper to the Maltese Gaming Authority and they seemed willing to work with it.

Interesting remarks. Couldnīt a fiat casino operator use the bolded part of your reply to his advantage? Introduce some provably fair games and start a heavy marketing campaign promoting it - implicitly this would create the impression that brand X is the only option for fair gambling while all other operators seem to have something to hide. Therefore if one brand really starts using it, the other brands would be forced to follow (or lose marketshare). All it would take is one company to innovate in order to change the online gaming market forever.

1144  Alternate cryptocurrencies / Altcoin Discussion / Re: I just dumped my IOTAs on: September 09, 2017, 05:44:30 PM
...

You simply can't ask one slightly critical question or disagree with them in any regard, unless you want to get sweared at and then subsequently banned. David has furthermore admitted that he is a marijuana addict, which also expresses itself in his attitude towards other people, and not least IOTA's partnership with the scamcoin "Paragon". ...

Can you provide more information regarding "Paragon" and IOTAīs association with it?
Iīm hearing this for the first time and have no clue of the verisimilitude of this statement.

Additionally, I always thought that IOTAīs value proposition was a bit sketchy. Internet-of-things
is a nice buzzword, but Iīm still not convinced that cryptocurrency is essential for realising
projects in this area of technological progress. Iīm much more bullish on smart contracts and similar
innovations than on IoT. Besides, I think the times when every electronical device will be constantly connected
to the internet are still many years away while obstacles like cyberhacks and so on pose a major challenge.
1145  Alternate cryptocurrencies / Altcoin Discussion / Re: Etherium hard fork possibly today??? on: September 09, 2017, 05:37:01 PM
The fork with the best development support is the most likely one to succeed long term.

This is also why ETC is inferior to ETH. ETH has the better dev team.

What makes you so sure that all the development teams that currently work on Ethereum-based
projects will continue working on them? Many of them were originally developing Bitcoin-based applications
and switched to Ethereum, because of several reasons (e.g. the stalling of BTC development due to issues
like the scaling debate).

I see a highly likely scenario that a promising new coin/network that is much more advanced than Ethereum
will be developed in 1-2 years that will attract a lot of the development talent that currently
works on Ethereum-based projects.
Most developers go to the coin/protocol that offers the biggest possibilities and the biggest hype (and probably
also the most money).



1146  Economy / Games and rounds / Re: BetKing.io is back! Come play and get 0.001 Bitcoin for free! on: September 09, 2017, 05:24:55 PM
Username: Astana
1147  Economy / Gambling / Re: BetKing.io Relaunched! 100% deposit bonus. BTC, ETH, LTC DICE betting on: September 09, 2017, 05:18:41 PM
...
- stats page https://betking.io/stats
...



Nice update, I really like the addition of the stats page!

Have you considered expanding the available 2FA options?
A few sites (e.g. Facebook or Gmail) offer the ability to secure your account using a device like
Yubikey, which is superior to smartphone-based 2FA in my opinion.

I have no idea how hard it is to integrate this, but I think it would really
enhance the security of your user accounts (provided users actually
use 2FA).

1148  Economy / Exchanges / Re: Cryptopay Bitcoin Debit card + Giveaway on: September 09, 2017, 05:12:55 PM
As far as I know.
New cards must order just for users out of EU.

All rest, EU citizens are fine to use existing cards.

Maybe someone of Cryptopay support can confirm this here, just to eliminate doubts.



I donīt work for Cryptopay, but I can provide you with a source that confirms your suspicion:
https://news.bitcoin.com/bitcoin-debit-cards-non-european-residents-visas-new-rules/

If you reside in Europe, you will still be able to continue using Bitcoin debit cards provided
by a debit card provider that issues their cards using Wavecrest (https://www.wavecrest.gi/).

1149  Economy / Gambling / Re: Why has no fiat casino adopted provably fair gambling? on: September 09, 2017, 05:03:12 PM
I think there's really no demand for it by traditional gamblers who have never played on a real provably fair casino. They just don't even know about provably fair.
So why would a traditional casino even make an investment to build a provably fair system?
...

I assumed that someone would ask what incentives a fiat online casino could have to actually introduce
a provably fair game. In my opinion the answer is quite straightforward.

The only fiat casino market is heavily saturated with lots of competition. If you manage to be the first fiat
casino brand that offers provably fair games this could give you a major competitive advantage.


1150  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 08, 2017, 03:40:26 PM
I can't link it here but BoAML have put out a research piece this morning that suggests Bitcoin is overvalued and that while it has potential it faces headwinds that are very significant. Talks a lot about the transaction volumes issue and ultimately ends up with a value to the chain of about $28.5bn or approx $1750 a coin.

Same paper also talks about some altcoins Generally in a positive way

EDIT: Quite clear that bits of the paper are quite old (BTC price reference is $2,350) and there are comments about the 1st August fork that are now factually incorrect.

This is just more proof that the analysts of these traditional banks have absolutely no clue with regards to
cryptocurrencies.

I strongly advise anyone to ignore these research papers at all costs - except, if you are interested in
them as a cheap source of entertainment.

edit: fixed proposition / spelling
1151  Alternate cryptocurrencies / Altcoin Discussion / Re: Kyber ICO on: September 08, 2017, 09:18:03 AM
I will give 3,5 ether for a slack account, message me !

Why would you pay 3.5 ETH for a slack account when the individual cap for the Kyber ICO
is going to be roughly 2 ETH?

This makes zero sense and I strongly advise you against doing this.
Why would you pay a more than 100 % premium to the actual possible
maximum contribution?
1152  Economy / Speculation / Re: Assume the worst, governments ban BTC and implement their own Blockchain. on: September 08, 2017, 09:08:48 AM
Many governments still ban bitcoin but trading volume from those country is quite high, ban just creates more demand which was already seen in India when government just calls bitcoin a ponzi and tries to ban it.

Governments have already started to research on implementation of blockchain tech in their existing system and they might soon implement it too but this might create more demand for bitcoin.

The major obstacle of a Bitcoin ban by a government is actually the existence of the more than 1000 altcoins. It is
comparable to the Hydra from Greek mythology (you cut of one head of the Hydra and two new heads would emerge!).
In the case of a Bitcoin ban, users that want to use cryptocurrencies would simply adopt Litecoin, Monero or one of the other
popular altcoins. Governments are increasingly aware of this feature of Bitcoin and therefore donīt ban it outright.

Besides, governments donīt want to thwart innovation too much.
1153  Economy / Gambling discussion / Re: American Football-Week 1 on: September 08, 2017, 08:57:04 AM
....  Always wanted to do this, just to see how good I do.
...

You will do terrible, if you continue to pick every single game of the week  Grin

Focus on 1-2 selections a week (the games where your estimation of a fair line differs from
the line of the bookmaker) and pick these. Otherwise you will just lose due to the
vig/juice.

Nevertheless, I of course wish you good luck and I actually agree with some of your picks.

1154  Economy / Gambling / Re: ▶️ Nitrogen Sports ◢ 2017 US OPEN 🎾 AUG 28 - SEPT 10 ◣ The Future of Betting on: September 08, 2017, 08:52:40 AM
Why has the NFL Survivor Pool been reset? I looked at the pool a few hours ago and many users were already out
after the New England loss.

Now I see that all entries have been restored. I assume that it was some sort of bug, but I think that every
user, who hasnīt picked New England now is at a disadvantage due to this.

1155  Economy / Gambling / Why has no fiat casino adopted provably fair gambling? on: September 08, 2017, 08:44:00 AM
Several years ago the first Bitcoin dice sites hit the market. The most amazing feature
of these sites (does anyone know, which was the first one?) was the ability
to cryptographically verify the fairness of your bets.

I was wondering why no traditional fiat casino operator has copied this brilliant idea?
With the programming resources and the budgets that are available to the big casino brands this canīt be that
hard to execute. After all several of the Bitcoin dice sites have been programmed by 1-2 man
operations.

Is the reason that games of this type are not included in their gaming licenses?
Are the fiat casino operators just unaware of this breakthrough in online gambling?
What other possible explanations are conceivable?

1156  Bitcoin / Development & Technical Discussion / Re: Format a hard drive / wipe out a hard drive (Ubuntu) on: September 08, 2017, 08:30:50 AM
The shred command can do what you're looking for and is preinstalled on Ubuntu (and most other Linux distributions). Here is a guide from a thread on Ask Ubuntu.

Thank you for the link. Is this superior to the suggestion provided by LeGaulois? I think re-installing the OS might be easier than
executing the guide you linked to. I admit that itīs probably easy for someone with deep Linux knowledge, but I would already fail
at the step where I need to identify the name of the hard disk  Grin

What about doing a complete disk wipe and reinstall of the OS? It is more radical

http://www.dban.org/
In case you need to provide the same application profile you may use [dpkg --get-selections > list]

This seems like an easy and practical solution that might be secure enough. I will do this at the weekend, thank you for your help.
1157  Bitcoin / Press / Re: [2017-09-06] Why You Should Worry About A Bitcoin, Crypto Bubble on: September 07, 2017, 02:42:23 PM
He's right that bank rules have never been tougher since 2008. ...

The most damning development is that Trump is actually about to roll back several of the restrictions
that have been put in place in the US after the financial crisis:
http://www.independent.co.uk/news/business/news/donald-trump-dodd-frank-major-haircut-banking-law-regulation-loan-money-promise-slash-a7667331.html

That means that banks not only didnīt get their licenses pulled, but they will actually have less compliance costs in the future.
As much as I agree with Trump on several other issues, he is really creating a windfall (several billion $ per year)
for the US banking industry with these Dodd-Frank rollbacks.
1158  Bitcoin / Development & Technical Discussion / Re: Format a hard drive / wipe out a hard drive (Ubuntu) on: September 07, 2017, 10:51:29 AM
I would prefer to keep/destroy the hard disk. It is the easiest way to be absolutely sure.

This is what companies do when they get rid of their old computers.

However, if you empty your disk, and fill it with random data and repeat that a few times, it would be almost impossible to restore any of your data.

It depends. How much coins do you have in your wallet. If you have millions, then destroy the disk, if just a little bit, then it doesn't really matter. Does it?


I also thought of this proposition. However, as I said I intend to sell the computer, because it still is worth a few hundred $
(funds, that I could use to increase my BTC holdings!  Smiley ).

I used Electrum and therefore can recreate my wallet on another computer using the mmemonic seed. That means that I need to be absolutely sure
that my hard drive is wiped out, because otherwise the new owner could theoretically retrieve my wallet, if he is somehow able to recover the
Electrum installation.

This probably sounds paranoid, but I want to make really sure that the data canīt be recovered anymore.

Maybe I really have to accept the fact that I canīt sell it and instead make sure to destroy it physically.

Thank you for your reply, aplistir!
1159  Alternate cryptocurrencies / Altcoin Discussion / Re: is isle of man considers a safe harbour for ico? on: September 07, 2017, 10:48:13 AM

is isle of man considers a safe harbour for ico?  

it seems like isle of man does not differentiate public and private company, which means that it has not regulation with regards to issuance of securities , such as debenture, shares, etc

what do you guys think about?


I have no information regarding the legality of ICOs in the Isle of Man.

However, I strongly advise you to also consider the legality of these method of fundraising in the countries where
your investors and users reside. If you want to be really on the safe side, you need to ban the IPs of countries like
China and South Korea and probably also the US. Besides, you need to exclude users from these territories in
your Terms of Service.

Talk to a lawyer, if you are serious about a project like this. It is not really possible anymore to gain the necessary knowledge
of all these jurisdictions on your own.
1160  Bitcoin / Press / Re: [2017-09-06] Luxury Dubai High Rise Apartments Will Be Sold for Bitcoin on: September 07, 2017, 10:44:40 AM
It's a cool publicity stunt for sure, but I don't read anywhere how exactly the sales in Bitcoin will be handled by BitPay...

I think they have probably negotiated a backroom deal with BitPay. They get fiat from BitPay and BitPay covers
the exchange rate risk. Seems like a good deal for both sides. Free publicity and an additional
payment method for the developer and BitPay probably gets a small percentage and has enough experience in handling
BTC related transactions.

Probably you are better off holding your BTC instead of buying one of these apartments (we all
agree that BTC is probably going to 10k or 20k in the near future).
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