I look at gambling as pure entertainment. If I want to have some fun I spend the same amount of money for the day that I would spend going to the movies or on a date. If I lose this much I am done, but I am pretty conservative so I don't usually lose even that much. If you try to make money gambling, maybe you will be one of the lucky ones but chances are you will not. You will usually lose. Make it fun and don't bet your shirt. Unless you got nice abs that is
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Any payment proofs? An address would be nice, or even better if a winner would post here. That could really bring some interested people to your game. It looks like fun but I am reluctant to join so far.
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So basically what you are saying is to not touch any of the "investment" ponzis on this section
I think that is the idea. Thanks for posting this list. You would think that it would be obvious, but people keep falling for it over and over again. A good tip also: if you are interested in any sort of investment/cloud mining/ etc, search for a thread about it on these forums first. This is generally the best place to start looking for information. You have to make your own decisions, but you find interesting things like the 999dice story. It is an easy way to avoid obvious traps (besides just not doing ponzis to begin with.)
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Can someone give a complete introduction to Provably Fair Technology and How It Relates To Gambling.
[ Link to any articles? ]
Also different sites use slightly different ways of implementing provably fair. Some sites like 999dice have come under fire for having suspicious systems. There is an overview here of some gambling sites. I have nothing to do with that thread so I can not vouch for its accuracy. I would always check the thread on these forums for any site before you gamble there. Usually people are pretty vocal in those threads about how legit the site is. Not that they are trustworthy but you can get an idea sometimes. And always play safe, don't lose more than you budget for. Its all fun and games until you have to get a second job to pay the rent.
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Guys, he almost certainly means blockchain.info. And yes, it's a legal business. Though this was the problem with calling your company that because people think blockchain.info is the actual bitcoin blockchain technology when its just a third party block explorer.
I agree 100% that it is confusing, but it was also a brilliant business move. I have to admire the business smarts of this company, I would not have thought of it myself.
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Another way to look at coins is to check their volume and market cap. This will give you a really good idea of what the community thinks about them. Keep in mind these numbers change all the time. Many alts rise and fall for any number of reasons. I agree with the gold/silver comparison because bitcoin and litecoin seem to be the most stable and widely used of the coin. But again check volume and market cap to see how much of what is being used.
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i always recommend bitfinex and cloudthink.io as the first option for any kind of bitcoin investing
they don't actually sell bitcoin mining, bitfinex is based on trading but cloudthink gives you some very simple options to earn daily bitcoins but with a decent return
is cloudthink a cloudmining company? Don't go for them because most of them are ponzies and because there is no fun in mining without your own hardware Look, not everything is a ponzi. I just checked out there website: They guarantee a payout. This is a bad sign right? What do they guarantee? 3%. Ok, so I made that at hasnest in the first 10 days, and they give themselves 6 months for that return. The expected profit is 6-10%. Pretty good, that is 12-20% a year. If you got that much in your 401k you would be filthy stinking rich by the time you retire. But they don't guarantee that much. This is only one of their plans. Their referral rate is 5%. Pretty big but not exactly impossible. If you look at some of their other plans they start to guarantee 20% or even 30%. This is starting to look a little suspicious. However I can't say that it is a ponzi. These numbers are possible for a well managed mine. When I bought in at hasnest my time to break even was something like 250 days. Lets just assume that the difficulty etc is static. After 250 days I can sell back all my hash and I basically have a 100% profit. I wont do the math for you but you can earn a crapload of money with a 100% yearly return. Of course it isn't so simple but the point is that the numbers from cloudthink do not necessarily scream ponzi. That does not mean they are legit, I have no idea. I would need to research it further. The point is that you shouldn't go around saying things like this about a potentially legit business. If it is legit then lots of money and hard work have gone into making this company. If it fails because of FUD it would be a shame for the employees and investors wouldn't it?
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Woah look they bought a hero account to spread their fun now. OK NOW its legit Seriously though, this problem of block size NEEDS to be addressed soon. You can choose the guy who is just fixing the problem, or his money grubbing cohorts who are stonewalling the change only for their own benifit. If you want to blame anyone for some fictional pump and dump scheme blame them.
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This is really cool. You don't get to see the inside of meetings like this very often. It seems almost secret when meetings like this happen. For me it is interesting to see the faces that make the big wheels roll.
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I don't know, I get the feeling that big money is not all that interested in pumping bitcoins. I think that these guys are used to traditional investments and would not really understand cryptos. So they avoid things that they don't understand. I might be wrong but I think the big money will stay right where it is.
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This is a small step in the right direction. What if big airlines started doing this? Guys like American Airlines or Lufthansa? It is great to see this at airports because of international traffic. That means that not only will local people be exposed to the possibility of using bitcoins, but also people from around the globe who are flying through that airport.
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Quick skimming reveals the license is a tiny $5000 to obtain , and essentially carries over standard anti-money laundering practices to the virtual currency businesses that would need to obtain this license to continue to operate , or be founded , within 45 days. It does require that licensees maintain adequate balances of all fiat and virtual currencies to match their customer's deposits as well as prohibiting virtual currency businesses from engaging in any trade with their customer's deposits (this is very good for customers and indeed bitcoin itself - these businesses having to maintain adequate balances and are not allowed to engage in insider style trading using customer deposits). It's hardly onerous and nothing unexpected - this is good news I gather that essentially it acts as a legally enforceable mechanism to have exchanges that fall under this license operate ethically and transparently. I'll also refrain from posting the full text , it being 44 pages long - it's easy to click on the link and to read it without the need to clog this thread with pages of text. Thank you sir for the plain english version. So this looks like it isn't as bad as I thought it would be, and it may even be a good thing for the average bitcoin user like me. Now what we have to look forward to is a tangle of different laws in each state making the whole thing an impossible mess, like the copyright laws.
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I am using less to buy things. I am holding more than I used to because I think the price will go up this year. Maybe it is just wishful thinking but I believe that this is the time to accumulate.
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I don't know how I missed this thread, but it is exactly what I was looking for. I notice that all of the sites have a high trust rating, does that mean sites like 999dice that are shady or rumored to be naughty are taken off of the list entirely?
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Lol I love the site name. This game looks sweet, and thanks for the free satoshi to try it out. I must go try it now. What system do you use to make it provably fair?
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This looks like a cool site, I will keep an eye to see if the bugs are fixed and the provably fair is fixed. If so I might give it a try. I like your free satoshi so I can try it for free. I hope no one abuses this and forces you to take it off of the site.
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Um, I am sorry but I am not 100% sure what OP is trying to say. But the problem is that the 1mb limit is quickly being met and will soon be surpassed. Something needs to be done about it. Gavin's idea is the best solution right now and will prevent pain down the road. You are correct in that if there is not consensus then it will not be implemented. But SOMETHING needs to be done or it will be trouble.
Edit: No there will not be two chains, there will not be double coins, there will not be an alt coin. All of this is just fud and misinformation being spread around the forums. If you read up and care to understand the issue you will see it is really not as frightening as it first seems.
One thing that is poison for any consensus finding process is putting timely pressure on a decision. That's a known fact. Good consensus will not happen in a heated and stressed environment. I'm going look for some flowcharts right now cuz people obviously never have seen any of that stuff. But there is a time pressure dear. If this problem is not addressed soon then we will have some real trouble on our hands. Transactions will not be processed and bitcoin will drop significantly in value.
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I can't decide if this post is pc or not. But bitcoin won't really be changing. If you (the op) bother to find the details of what the changes will be then you might want to change your opinion.
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Why? Are you planning on living 150 years?
Wouldn't that be nice darling? Personally I think that if it is still around (and I think it will be) it will be commonly used and the number of transactions will justify mining. Of course you may not have as many centers and as much power (relative to the technology they will have) pointed towards the task. Who know what the future will bring?
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Seriously folks, ignore the FUD. There is no altcoin. You cannot double-sell. There is only one chain. Installing XT casts your vote for a potential future increase in max block size. Such a future increase will ONLY occur if/when 95% of mined blocks support it. Yup, and that is great. My question is: What happens if 1MB limit is reached, and we still don't have a clear consensus on wallet usages? I guess that, if there are problems once we reach 1MB, Gavin will be proved right and people will insta switch to XT en masse. From what I understand if the 1mb limit is reached then transactions will take a very long time or not be completed at all. And so many will trade their bitcoins for fiat or altcoins, and the network should return to normal. The cost is the price of bitcoin will go down quite a lot.
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