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1821  Economy / Gambling / Re: First Provably Fair for investors and players Bitcoin dice game on: January 02, 2015, 07:36:39 PM
A newbie with an activity of 2 trying to raise money from investors.
I wish you luck, but hope that you are for real. Anyone wanting to invest please beware.
1822  Economy / Gambling / Re: ★BET ON PRICE OF BITCOIN★5~1440min★PROVABLY FAIR★BINARY OPTION★ActionCrypto.com on: January 02, 2015, 07:33:59 PM
Good Morning,

We have changed our max bet to 0.3 BTC

Today, we will be rolling out some new features!

We had 13 in a row! 6 BTC paid to winners!


So the odds are evens that it will go up or down? Or do the odds vary dependent upon the timeframe and market conditions?
1823  Other / Politics & Society / Re: Scotland Is Looking to Imprison People for Offensive Tweets on: January 02, 2015, 05:55:17 PM
The argument for is that people can't spread hate simply by hiding behind a keyboard.
I personally believe in free speech as far as is reasonable.  I have no problem with people abusing celebrities and so on. The authorities have to understand that when someone says something online, they probably don't mean it.  Trolling is a big part of the internet nowadays and it shouldn't be an arrest-able offence.
1824  Economy / Service Discussion / Re: How safe is it to invest in just-dice on: January 02, 2015, 05:12:20 PM
Well, about investing, I can't tell how safe is it. Who knows someone gonna win BIG later? You can't predict people's luck and future of course Grin

It's possible that someone will get lucky and stay lucky long enough to take all the site profits. It has happened before. But there is a 1% house edge which should mean the site is profitable in the long term. Here's a chart showing the actual site profit (in black) and the 1% expected site profit (in green) for the first month or so that it has been running with CLAMs:



Note how the black line goes up and down pretty much at random, but also tends to follow the shape of the green line.

On top of this, investors also get the rewards from staking the site's bankroll. So far that amounts to 25k CLAM - more than the profit from losing bets.

I will be betting my CLAM, but I still wouldn't invest them, it seems more dangerous than betting them on a long priced outsider.

I would be interested to hear the reasoning that landed you at that conclusion.

When you bet there's a 1% edge against you. When you invest, the edge is in your favour and you get the staking rewards too, making the edge greater than 2%.

Ok Dooglus, maybe that was a bit of an unfairly aimed comment, but generally investing in crypto gambling sites hasn't been the greatest investment.
I am sure that you are doing things right, but I have never really understood why if these sites make profit, they are so keen to "share" the profit with everyone.  As I have often said, at some point the amount invested could be weighed up against the future profits of the site by an unscrupulous owner, and the they can decide that it isn't worth it anymore and run off with the invested money. 

Again, I am not saying that you will do that, but there have been examples of that happening in the past.

Do you invest in any other dice sites that aren't directly under your control?
1825  Economy / Gambling discussion / Re: leancuisine's Sports Picks (489 wins - 210 losses - 51 draws) on: January 02, 2015, 05:06:01 PM
Are you watching lots of the darts? who do you fancy for the whole thing?
1826  Economy / Games and rounds / Re: Play Flappy Bird on your Android Phone and win FREE BTC! Faucet on: January 02, 2015, 10:21:49 AM
I have both of the apps, they are nice, I am not sure that it is worthwhile for bitcoin accumulation, but as games they are quite good.
If zynga is worth billions, then I can imagine that you can afford to give out a few BTC a day.  Good luck to you!
1827  Economy / Marketplace / Re: Free ~0.02 BTC for 1.000 Participant !! on: January 02, 2015, 10:14:26 AM
I should check in here more often!  Shame that I missed out on the offer.
Did you really get 1000 participants in less than 1 day?  I didn't think bitcointalk was that popular!
1828  Economy / Service Discussion / Re: How safe is it to invest in just-dice on: January 02, 2015, 09:54:44 AM
very interesting Smiley Might have to invest here... After I get my head around CLAM
I will be betting my CLAM, but I still wouldn't invest them, it seems more dangerous than betting them on a long priced outsider.
1829  Economy / Speculation / Re: Newegg offers $100 discount if you purchase xbox one with bitcoin on: January 02, 2015, 09:50:15 AM
Bitpay say that half of all merchants do not convert their bitcoin into fiat.
I guess Newegg will, but it would not be impossible to keep some as BTC, especially if they can use it to buy components.
1830  Economy / Economics / Re: there is always money moving on: January 02, 2015, 09:48:29 AM
I think you are trying to say that volume is high, and historically that is true, not at all time highs, but definitely higher than in the past.
When Bitcoin is really adopted by a percentage of the general public, we will see far far higher volume though!
1831  Economy / Gambling / Re: Another Gambling Question on: January 01, 2015, 01:58:05 PM
that's the problem, it depends completely on the house edge.  Martingale on a fair and good roulette with 0 being a push bet, should be better than the 98% option, but it depends on rakes and house edges completely.
1832  Economy / Services / Re: FortuneJack.com NEW Campaign – Earn 0.12 BTC!!! Weekly Payments. on: January 01, 2015, 01:45:17 PM
Confirmed again, thanks a lot and happy new year.
1833  Economy / Speculation / Re: Bitcoin hyperadoption is inevitable if you understand game theory. on: December 31, 2014, 12:06:59 PM
Go on I'll bite, what is bitcoin billionaire? On android or iTunes?
1834  Alternate cryptocurrencies / Altcoin Discussion / Re: people saying it's going sideways need to check their heads on: December 31, 2014, 12:02:51 PM
Quark exploded because max keisler was gone to mention it on his program. That isn't the hallmark of a great currency. Bitcoin is going ideways at the moment anyway, the next move is tbd.

max? Didn't know that ... ok, pulled buyorders. Fuck the Max
That was last year, along with bill still talking about it. I don't know why it is rising now though.
It has the same problems as most alts, I.e. a few people hold all the coins, but it is fast and has basically zero inflation nowadays.
1835  Alternate cryptocurrencies / Altcoin Discussion / Re: people saying it's going sideways need to check their heads on: December 31, 2014, 09:23:30 AM
Quark exploded because max keisler was gone to mention it on his program. That isn't the hallmark of a great currency. Bitcoin is going ideways at the moment anyway, the next move is tbd.
1836  Economy / Games and rounds / Re: Check out our NFL Card and Live Betting! Best odds! CasinoBitco.in on: December 30, 2014, 11:45:23 AM
Any chance of some good play off offers for the NFL?
1837  Other / Politics & Society / Re: Student activists demand California teach sexual consent to kindergartners on: December 30, 2014, 11:37:13 AM
Can kids not keep their innocence for a few years? It will make people scared to have consensual sex when the time comes.
I think the joke scenario of having sex contracts is actually not far away now. I can imagine guys showing off their contracts to their friends as proof that it happened!
1838  Economy / Economics / Re: Bloomberg: Bitcoin was World's Worst Currency in 2014 on: December 30, 2014, 11:32:24 AM
Worst performing currency of 2014 I can well believe.
Their conclusion is unfortunately not 100% untrue but some entrepreneurs will soon enough make bitcoin mainstream, that I am pretty sure of.
1839  Economy / Economics / Re: Buy and Sell Bitcoins Live within 5 Min ? on: December 30, 2014, 09:39:16 AM
hello! is there any good website that allows instant live buy with Bitcoins ? i wanna start with micro trading with BTC but can't find a good website for it.
I think bitstamp is very well suitable for this. You just need to link your bank account for it.
It isn't exactly like fxpro though is it? You can trade on bit stamp but a bot would make it a lot easier.
1840  Economy / Gambling / Re: Is it safe to invest in Win88 on: December 30, 2014, 09:36:34 AM
They are all fairly small businesses, the problem is when they get lots of investment, quite often thy become greedy and run off with the investments. Why work for ages to make money when you can just take it?!
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