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1541  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ◆Rubies◆ [RBIES] Trade-Mining | Business backed from launch. on: March 25, 2016, 03:23:16 AM
Sorry to ask  a dumb question but need a clarification on this: if I buy some rubies on an exchange, lets say C-Cex, and I store them in my C-Cex rubies wallet do those coin start staking or I need to withdraw them to a wallet I previously installed on my PC to earn interest?


Thank in advance for your help.

Hello good question,

Exchanges, unless they specifically state it, do not share staking rewards with their users. To stake and guarantee you are getting the rewards keep them in a home/PC/Mac wallet. Keep in mind it takes at least 12 hours for coins in your wallet to mature, if you move coins it restarts the 12 hour clock on them, 5% interest per year will be earned on staked Rubies. If you need any more help let us know Smiley

I think a few exchange used to give stake reward but I don't know if any do now. Rubies so far been a great coin and flying under radar.

C-Cex did in the past as a 'trial' and then stopped. As far as I'm aware, none do anymore. Pretty much just have to stake locally or not at all.
1542  Economy / Gambling / Re: Dice,Plinko,Roulette,Minesweeper @ ★Bit-Exo.com★ Bitcoin casino on: March 25, 2016, 03:01:10 AM
Update: Changed OP
New thread design looks pretty good! I've recently started playing on your site and it's a pretty good MP site with some nice promos Cheesy
The live betting graph is a nice feature and I really like using it.
For some reason, my balance is glitched on your site. The balance shows 1 satoshi more then I actually have (according to MP)

When I withdraw my entire balance using the "Withdraw All" button, it shows My balance - 0.01 BITS. Any idea why?

This is likely due to rounding. The sites keep up with your balance way past the 8-decimal area. For example, you may actually have 0.0010000051 BTCi, which is actually just 1mBTC, though it'd look like you have an extra sat. This helps keep people from taking advantage of rounding errors when playing (i.e., betting 10sat at 94.x% so you'd get 0.5 sat back and it would round up, effectively giving a 94.x% chance for a 10% increase).
1543  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BREAKING NEWS! WWW.GAMEBET.GG Launches GameBet Coin (GBT) Sale on now!! on: March 24, 2016, 09:53:53 AM
I wish you all the best in the the launch but i fear with the current level of greed it will be hard to fund it to those levels.

The greed is shared by irrational people who are going to throw their money at it regardless. You see it nonstop:

1) People 'invest' (technically gamble) in an overpriced/worthless company
2) They cry scam when it doesn't ROI or flat-out runs with money
3) They find another just like it and give it a go
4) The cycle continues indefinitely

This wouldn't happen with fiat because it's regulated. As long as crypto is unregulated and people are stupid, it's never going to end.

I'm in no way saying this CAN'T ROI, but from the perspective of someone who ACTUALLY does investments (both crypto and fiat), it's a high-risk, low-reward gamble.

If they were to drop the valuation by 90% (to 100k), it'd still be overpriced but at least it would be considered as a true investment (albeit a speculative one). As it stands, it's no different than throwing money into a random casino and hoping for the best.
1544  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [DVC]DevCoin - Official Thread - Moderated on: March 24, 2016, 09:14:47 AM
Devcoin at 6 satoshis! 3 BTC volume today. Enjoy!

It'd be nice to get back up to and float around 100 again. It was steady at 120+ for a longgggg time.

Well, that won't happen anymore. At that time, there were much less DVC floating around and there were not many other altcoins to invest in. However, getting up to some 30-40 SAT could be achiveable, but then the community has to grow

Uh, there were TONS of alts then. There were MORE being created at that time than there are today. And the increase in DVC is only around 25% or so. Not sure what you're talking about...
1545  Economy / Securities / Re: Private equity investors? on: March 24, 2016, 08:54:12 AM
Hello,

You should try advertising for help on the services section of this forum.
You will surely find someone willing to help you for a small commission for helping you gather funds.

Good luck
Duke

Thank you for your replies, helpful.
I'm going to get my paper work scanned and put them in a secure google doc or something and attempt to make a spreadsheet.

If you get a spreadsheet together that helps break down your costs and return and everything, basically covering all relevant information, AND you'd be willing to sign into a contract, definitely toss me a PM with your proposed terms. I may be interested in helping you out, Smiley.
1546  Economy / Securities / Re: Bitcoin Treasury Bonds -- Yields up to 6.75% on: March 24, 2016, 08:46:57 AM
Thank you for your interest. With our experience in the financial industry, we are one of the most trusted bitcoin entities and are looking forward to raising money through Bitcoin Treasury Bonds.

We have already sold 154 units (154 BTC) of bonds privately prior to announcing here.

Can you show a transaction address with 10+BTC to prove you won't run away when down?

I can show a random address that shows 1000+ BTC. What does that prove?
1547  Economy / Gambling / Re: BetterBets.io |Rubies Launched!|🎲 DICE★PLINKO★HORSE RACING Games/Chat on: March 24, 2016, 06:19:03 AM
Wasn't having issues with the old client but went ahead and upgraded anyways since I figured it'd be a good move, :p. GO RBIES!
1548  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BREAKING NEWS! WWW.GAMEBET.GG Launches GameBet Coin (GBT) Sale on now!! on: March 24, 2016, 05:57:26 AM
You're not clear about something here, either... revenue share is related solely to the GB coin, right? So if someone doesn't pre-buy and they get some off the market later, they will still get a revenue share based on their holdings at the end of the 'cycle' as if they had pre-bought that many?
1549  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] HYPER ~ Game Currency ~MMOs ~Poker ~ 20+ Servers~ShapeShift.io ~RPG +More! on: March 24, 2016, 05:10:44 AM
Buying more hyper today and will invest in gamebet tomorrow when my coinbase deposit clears.
They just posted their thread from the pre announcement.
https://bitcointalk.org/index.php?topic=1410287.new#new
Has anyone here used the site before because I see they had a beta test.
Maybe some of this community got to be the beta testers?

$1m valuation on an unproven business model, with no justification for it. This is a HORRIBLE deal right now.

Completely agree, they are a new site without a lot of backing and not enough business to fall remotely close to $1,000,000 in value. If they had thousands of betters weekly that bet upwards of $100 each then I could see a fairly high valuation being said, but as it is now it has almost no value to it and would be a huge risk.

it may be a huge risk, but what the hey. I made so much on eth I need somewhere to risk it. But if they had 1000's of betters betting 100's of dollars I think they would be worth way more then just 1 million. The house always wins so the value of the business continues to grow, it cant go much lower then it is today.
sounds like ground floor to me. next stop is 6 feet under  Grin or profits. I invested but im also investing in dgb and hyper.
I think gaming and Esports has a bright future wit crypto.



The proper way to value a business is really simple.

1. You take a look at their assets. Ok, according to their thread they made a total of $175 in profits using others money so this leaves them with $175 in profit. Then you add a domain so thats about $10 so now were at $185. Servers if they are owned can maybe add $1,000 but they are hiding that so this value cannot be added.

2. You take a look at what they are making, $175/wk x 52 weeks in a year = $9,100. We now know expected yearly income at this exact moment in time excluding business expenses such as cloudlfare costs, server costs, advertising, disputes, staff income.

3. Yearly revenue is often multiplied 2-3x to find their value. $9,100 x 3 = $27,300.

Using the above it is now safe to say that they are valued at close to $30,000. This is nowhere near being $1,000,000

This is just the basics as I didn't go into full detail but I can assure you that they are nowhere near being close to $1million dollars and do not have the assets to back that figure up.

When a company/person/people inflate their value then that is a good sign of something not being right. If they were honest they would simply give a more accurate value of their business and let investors make a decision off of that instead of throwing around unreasonably large numbers in the hopes of oohing and awing people into investing.

I'm not saying not to invest with them, I'm just saying it is better to take a closer look into things before going blindly in and getting burned later on.

Your math is ridiculous. They were in a beta launch, wit no advertising and earned 175 in a week. and from their math that is over 10 points on what was gambled. That's amazing results for a gambling site. most site only earn about 2-5% of what's gambled.
Im sure whales were not making deposits, and if they were im sure it was small amounts. When I try a new gambling site I always send in little amounts first and see if the withdrawal works before sending in a lot of btc.
Im sure if they spend money on advertising they can easily grow 100x in a short matter of time, and imnot talking years.
If they become successful in years they could be reaching at 100'sM or even a B in transactions.
eSports is huge and only growing.

You're basing this all on what COULD happen. I'll start a new site now. Vulcun pulls almost 100m a week, so we'll say they take 2%, or $2m. I'm valuing my business at $300m -- 52*2*3. Throw your money at me!

Hint: it doesn't matter what ANY other business makes. This is NOT the other business. Just because someone else makes x doesn't mean everyone else is going to. If you seriously believe this is true, you're beyond delusional and tbh, deserve to lose every cent you gamble (keyword: gamble, since it's NOT an investment when it's priced this ridiculously).

I seriously don't care if you want to throw your money down the toilet. That's all on you. But don't keep trying to make it sound like this is a good deal so that you can suck newbies in and force them to naively follow you. That's wrong, and is borderline scammy in nature.
1550  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] HYPER ~ Game Currency ~MMOs ~Poker ~ 20+ Servers~ShapeShift.io ~RPG +More! on: March 24, 2016, 04:46:05 AM
Buying more hyper today and will invest in gamebet tomorrow when my coinbase deposit clears.
They just posted their thread from the pre announcement.
https://bitcointalk.org/index.php?topic=1410287.new#new
Has anyone here used the site before because I see they had a beta test.
Maybe some of this community got to be the beta testers?

$1m valuation on an unproven business model, with no justification for it. This is a HORRIBLE deal right now.

Completely agree, they are a new site without a lot of backing and not enough business to fall remotely close to $1,000,000 in value. If they had thousands of betters weekly that bet upwards of $100 each then I could see a fairly high valuation being said, but as it is now it has almost no value to it and would be a huge risk.

it may be a huge risk, but what the hey. I made so much on eth I need somewhere to risk it. But if they had 1000's of betters betting 100's of dollars I think they would be worth way more then just 1 million. The house always wins so the value of the business continues to grow, it cant go much lower then it is today.
sounds like ground floor to me. next stop is 6 feet under  Grin or profits. I invested but im also investing in dgb and hyper.
I think gaming and Esports has a bright future wit crypto.



The proper way to value a business is really simple.

1. You take a look at their assets. Ok, according to their thread they made a total of $175 in profits using others money so this leaves them with $175 in profit. Then you add a domain so thats about $10 so now were at $185. Servers if they are owned can maybe add $1,000 but they are hiding that so this value cannot be added.

2. You take a look at what they are making, $175/wk x 52 weeks in a year = $9,100. We now know expected yearly income at this exact moment in time excluding business expenses such as cloudlfare costs, server costs, advertising, disputes, staff income.

3. Yearly revenue is often multiplied 2-3x to find their value. $9,100 x 3 = $27,300.

Using the above it is now safe to say that they are valued at close to $30,000. This is nowhere near being $1,000,000

This is just the basics as I didn't go into full detail but I can assure you that they are nowhere near being close to $1million dollars and do not have the assets to back that figure up.

When a company/person/people inflate their value then that is a good sign of something not being right. If they were honest they would simply give a more accurate value of their business and let investors make a decision off of that instead of throwing around unreasonably large numbers in the hopes of oohing and awing people into investing.

I'm not saying not to invest with them, I'm just saying it is better to take a closer look into things before going blindly in and getting burned later on.

It's worse. Read their explanation of how funds will be used. To shorten it, I'll just copy/paste what I sent another interested party:

*****
Basically, if you read through it all, here's the highlights

1) They want a valuation of $1m for a site that hasn't even officially launched
2) They are going to use the money given to them to pay their team, developers, legal, etc. to get the business running
3) They take ZERO risk -- investors take ALL the risk
4) Investors get 10% of the business profits, they get 90%

TL;DR: investors take 100% of the risk. The business owners get paid from investments and use the rest to build the business. In return, they also keep 90% of all profit and 100% of the equity in the company so they have full control over direction. Those who are risking all their money (investors) can just sit back, enjoy their measly return -- if any -- and can't do crap. If the site is sold in 3 months, investors get nothing and the owners get 100% of the profit

And they are already gaining a following elsewhere because people are too stupid to understand the what they're doing.
*****
1551  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] HYPER ~ Game Currency ~MMOs ~Poker ~ 20+ Servers~ShapeShift.io ~RPG +More! on: March 24, 2016, 04:32:42 AM
Buying more hyper today and will invest in gamebet tomorrow when my coinbase deposit clears.
They just posted their thread from the pre announcement.
https://bitcointalk.org/index.php?topic=1410287.new#new
Has anyone here used the site before because I see they had a beta test.
Maybe some of this community got to be the beta testers?

$1m valuation on an unproven business model, with no justification for it. This is a HORRIBLE deal right now.

Completely agree, they are a new site without a lot of backing and not enough business to fall remotely close to $1,000,000 in value. If they had thousands of betters weekly that bet upwards of $100 each then I could see a fairly high valuation being said, but as it is now it has almost no value to it and would be a huge risk.

it may be a huge risk, but what the hey. I made so much on eth I need somewhere to risk it. But if they had 1000's of betters betting 100's of dollars I think they would be worth way more then just 1 million. The house always wins so the value of the business continues to grow, it cant go much lower then it is today.
sounds like ground floor to me. next stop is 6 feet under  Grin or profits. I invested but im also investing in dgb and hyper.
I think gaming and Esports has a bright future wit crypto.



$1m on a site that hasn't even proven anything and is basing what they'll 'earn' on other sites. Smart.

On that note, I'm opening a competitor to Wal-Mart. WMT makes over $7t/yr and something like 200b/yr profit, so I'm valuing my company at $1t, which is only 5 years of profit. Let me know if you're in and I'll toss you the address to send funds to.


(Disclaimer: I'm being sarcastic because people here throw their money at stupid crap and then complain about how they were 'scammed' when it was just stupidity and nothing else that caused the loss. What you did isn't investing -- it's gambling. And you'd have a much higher chance of a 100% ROI betting all of it on 49.5% on any dice site. And you'd achieve it a LOT faster)
1552  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BREAKING NEWS! WWW.GAMEBET.GG Launches GameBet Coin (GBT) Sale on now!! on: March 24, 2016, 03:49:10 AM
I'm not understanding how a business that hasn't proven itself (tip: giving people 'free play money' isn't representative of what you can expect) can value itself at $1m. Where is this valuation coming from? You're missing a LOT of information. This happens to be a niche I'm extremely familiar with, but I won't even think about getting involved unless you can start justifying this stuff, and I recommend anyone else do due diligence as well.

Hi, Thanks for the great question. Im not sure if you missed it or not but our second week of beta was only for real money betters. During that week we retained 161 real money betters who placed a total of $1187 US in bets of which the house retained roughly $175 US. With those numbers it wont be long for us to turn the site into a very big money maker. We are talking about a house gain of over 10% of the total wagered amount and all that without any advertising at all. We know our site is not finished, let's be honest, when is any site really finished. It's always going to need improving and we are not  standing in front of you today proclaiming to have the worlds fastest, nicest, most popular eSports gambling site ever seen, but with the right funding and a few months hard work we'll be able to do just that.
Between our team, our partners and you the community we will be able to earn us and you an nice extra income. Our partners have been selected for their experience in their particular field be it, video, or gaming, or both. We wont let you down and we wont let them down.

As you mentioned you happen to be extremely familiar with this field. We are always looking to expand our team and partners and if you have any such interest please send us a small blurb in a private message and we'll get the dialog going.

Thanks for you question and we look forward to more questions from you and the community.



I just can't take it seriously with that kind of valuation in its current state. It's ridiculous, and any true investor would back me on that.

If you decide you want a real investment, from someone who knows this area, I'll definitely reach out. But I can tell you right now it would be near impossible for us to even get close to $1m with the site's current state.
1553  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BREAKING NEWS! WWW.GAMEBET.GG Launches GameBet Coin (GBT) Sale on now!! on: March 24, 2016, 03:02:32 AM
I'm not understanding how a business that hasn't proven itself (tip: giving people 'free play money' isn't representative of what you can expect) can value itself at $1m. Where is this valuation coming from? You're missing a LOT of information. This happens to be a niche I'm extremely familiar with, but I won't even think about getting involved unless you can start justifying this stuff, and I recommend anyone else do due diligence as well.

They are asking for 100K or 1M?
I see it as 100K.
I only skimmed through the announcement. Wat did I miss?

100k for 10% of profit (not even equity). 100%/10%=10*100k=1,000k=1m

And it's not even for equity. It's profit sharing, which is an even WORSE valuation.

Ok Im following a bit more now. But how can one share in the equity?

Hence the issue. Notwithstanding all of the other information they've either purposely refused to share or otherwise neglected, they are wanting full control over the business + 90% of it. In return, investors pay for everything, including all development, legal costs, etc. What they're saying is "we came up with the idea, so we get 90%, and you take all of the risks and get less, plus no control or actual ownership." This is asinine.

Ideas have no value -- execution does. But knowing the crypto community, filled with morons who have no idea what they're doing, I doubt they'd have any issues fully selling this out.

Just wish they were running this the right way, as I'd love to take part, and being part of this niche myself, I have immense value.
1554  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BREAKING NEWS! WWW.GAMEBET.GG Launches GameBet Coin (GBT) Sale on now!! on: March 24, 2016, 02:58:53 AM
I'm not understanding how a business that hasn't proven itself (tip: giving people 'free play money' isn't representative of what you can expect) can value itself at $1m. Where is this valuation coming from? You're missing a LOT of information. This happens to be a niche I'm extremely familiar with, but I won't even think about getting involved unless you can start justifying this stuff, and I recommend anyone else do due diligence as well.

They are asking for 100K or 1M?
I see it as 100K.
I only skimmed through the announcement. Wat did I miss?

100k for 10% of profit (not even equity). 100%/10%=10*100k=1,000k=1m

And it's not even for equity. It's profit sharing, which is an even WORSE valuation.
1555  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] HYPER ~ Game Currency ~MMOs ~Poker ~ 20+ Servers~ShapeShift.io ~RPG +More! on: March 24, 2016, 02:53:03 AM
Buying more hyper today and will invest in gamebet tomorrow when my coinbase deposit clears.
They just posted their thread from the pre announcement.
https://bitcointalk.org/index.php?topic=1410287.new#new
Has anyone here used the site before because I see they had a beta test.
Maybe some of this community got to be the beta testers?

$1m valuation on an unproven business model, with no justification for it. This is a HORRIBLE deal right now.
1556  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BREAKING NEWS! WWW.GAMEBET.GG Launches GameBet Coin (GBT) Sale on now!! on: March 24, 2016, 02:51:49 AM
I'm not understanding how a business that hasn't proven itself (tip: giving people 'free play money' isn't representative of what you can expect) can value itself at $1m. Where is this valuation coming from? You're missing a LOT of information. This happens to be a niche I'm extremely familiar with, but I won't even think about getting involved unless you can start justifying this stuff, and I recommend anyone else do due diligence as well.
1557  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ◆Rubies◆ [RBIES] Trade-Mining | Business backed from launch. on: March 23, 2016, 09:04:14 AM
Another great Dust Lottery Promo with RBIES prize worth 0.4 BTC!




What do you mean 'for every 0.8 BTC gained," though? Like 0.8 BTC wagered? Or won?


They mean won. Their dustlottery works like some state lotteries: you have to match 6 numbers out of 49. If you manage to do this with their minimum bet of 10 satoshi you win a prize of 0.8BTC...and in addition you will be awarded with a rubies prize.

Hope this helps.




Ahhh, I knew how it worked, just wasn't worded well enough, :p. So a 100sat win would bring an extra 0.4 BTC in RBIES. Nice promo, JPR!
1558  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] HYPER ~ Game Currency ~MMOs ~Poker ~ 20+ Servers~ShapeShift.io ~RPG +More! on: March 23, 2016, 08:52:48 AM
is hyper the best coin for gaming?

It depends on exactly what you mean by that - but there are certainly a lot of exciting projects in the pipeline.  I can definitely see it becoming the most important crypto used in online gaming over the next couple of years.

If it ever got adopted into a MMO that takes off... it could be HUGE. Technically doesn't need to be a MMORPG, either. Just a unique, popular game where HYPER is the only way in/out. It needs uniqueness.

it will remain a niche thing, they could technically adopt bitcoin for gaming but they did not, and bitcoin is much more famous, so hyper will remain with private server, if you can extended it to big game like moba it would be very good

Trion Cash is a niche thing as well (only usable on like 5 games) but still has a $150m+ a year market.
1559  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] HYPER ~ Game Currency ~MMOs ~Poker ~ 20+ Servers~ShapeShift.io ~RPG +More! on: March 23, 2016, 07:55:24 AM
is hyper the best coin for gaming?

It depends on exactly what you mean by that - but there are certainly a lot of exciting projects in the pipeline.  I can definitely see it becoming the most important crypto used in online gaming over the next couple of years.

It's a great coin for gaming. To be a wise investor if you invest in one game coin you should invest a little in all of them.
Then all you need is one to take off and fly and you'll be paid.
I been buying a lot of dgb and hyper over the last few months.
Do you know of any other cool game coins?

I know this is HYPERs thread, but Coin2 is also another gaming coin, were kinda moving a little slow though because all our eggs our in one basket atm. We are working on a FPS game called Chain of Conflict(I am sorta the lead dev on this game), C2 will be the main currency of the game, but it will also accept HYPER and BTC. You can check it out by clicking the Coin2 in my signature or by going to the Chain of Conflict thread(hasn't been updated in a few months, but has the latest demo. Also If anyone wants to help me out on this game, whether it be programming or animation or modeling, please pm me.

Chain of Conflict Thread: https://bitcointalk.org/index.php?topic=1220646.new#new

When you get it going public, I may be able to help out getting the word out, Smiley. Maybe.
1560  Economy / Economics / Re: Is it better to save money or invest it? on: March 23, 2016, 07:54:30 AM
Its better to invest these days because the halving is coming and it has a really good future of you ask me its all just a matter of time.
We just need patient and hold our bitcoins for the future.

Don't make a investment, just buy as much possible with real cash and hold it. So that within few months due to the halving occurrence will get a good profit.


Investing is still good to earn as much as you can before the halving comes,you can invest for 3 months then let it go as by that time halving is really near.

yeah It is your choice but I think saving is better than investing the reason If we are buying some bitcoin and saving because bitcoin worth is always going up, that time 3 or 5 month after If we will sell our bitcoin then we can make more profit and here are no risk.

So you'll profit with no risk? Ask yourself why every single institutional investor isn't all-in right now considering it has 'no risk.' I'll give you a hint: you're delusional.
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