Long before everything started there was bitcointalk which introduced the firsts be it bitcoin gambling or first altcoin or the first real world transaction or the first exchange or the first faucet designed by gavin. If block rolling games and lottery were to be considered as gambling, then there were threads as old as May 2010 which had people investing a certain amount of bitcoin and the winner who predicted the exact last character of the block hash wins all. Here is a gist of the world's first Bitcoin Lottery/Gambling hosted in our forum : I've been thinking and I'll be hosting world's first Bitcoin lottery!
We'll be using the last two numbers of a real lottery, which one I do not know yet. (Maybe one that we can check online?)
When you'll buy your lot, you'll "bet" on a number between 00-99. (including 00 and 99 ofcourse!)
So, who's in for it?
What real lottery should we pick for our random numbers, or does anyone have a better source?
What price of the "lot" sounds preferable? 50 BTC? 25 BTC?
And what's the maximum amount of lots I want to let people buy? 3? 5 at most?
Please note that if the "jackpot" doesn't "fall" (no one wins), I'll keep hosting rounds until there does win someone, and I wont play myself.
So I want like a lottery that draws numbers every week if we can't get one that draws every day.
Based on these, I would consider bitcointalk as the world's first crypto exchange, bitcointalk is the place where the world's first altcoins was announced and the place where the first bitcoin gambling game was played. You can find more firsts and interesting piece of forum history in my topic : Story of the Firsts - The events which triggered everythingI remember freebitco.in is also the first faucet who ever existed here in crypto world (correct me if I'm wrong)
No, first bitcoin faucet was created by gavin back in June 2010 and it was https://freebitcoins.appspot.com/ More information and announcement about the faucet can be found here : Get 5 free bitcoins from freebitcoins.appspot.com
"SEARCH OUR FORUM, YOU KNOW IT TO BE TRUE!" |
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I believe the Indian exchanges were not prepared for the rising signups each day. KYC confirmations has been too slow on WazirX sometimes. Recently someone known to me signed up for WazirX and KYC was constantly rejected even though there were no problems regarding the documents or the quality of the pictures. It took almost a month for them to get their KYC confirmation to be done, but in such volatile markets confirmations should be done as much fast as possible otherwise people would be losing profits! As eaLiTy pointed out, there were no issues for withdrawals and it has been instant even during sudden price dumps and pumps. Regarding Binance, I still have an unsolved support ticket in Binance where I did an Internal Transfer to another Binance user but they broadcasted the transaction and charged me a withdrawal fee of 0.0005 BTC fees  The other person's binance address was correct and I double checked if my internal transfers are turned on but still they broadcasted the transaction and we both faced a loss of 0.0005 BTC. During these volatile times and high sign up periods, every exchange should hire additional customer support if not they would be facing a hard situation. |
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so the best thing i can do is making default values?
That's totally dependent on how you design your clone coin. For example in Litecoin, Charlie decided to lower the confirmation time to 2.5 minutes and the difficulty adjustment by 4 days i.e after 2016 blocks difficulty adjusts but since 2.5 minutes is taken into consideration, difficulty gets adjusted in 4 days instead of bitcoin's 21 day time frame. But as @baro77 suggested satoshi could have used this 10 minute to prevent a fork or to decentralize the system more. hi there, another question:
while forking, im facing this :
Which version of Bitcoin Core did you fork? New versions are highly complex for a new person to read and understand. If you want to understand the underlying technology use some 2010-2013 versions or more likely something before segwit activation. There are vast improvements in the network since 2011 (after satoshi left) and the network and the code itself became more complicated for new people to understand. |
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2. It's not about good UI/UX, but to make 2 on-chain transaction
We currently have a solution for this. But I think it will take a few months or years to happen in real time. Currently exchanges are working like Crypto Banks but in the last decade or so, bank to bank fiat transfers were not free of cost atleast this was the case in developing countries. Similarly Binance internal transfers are free of cost and instant since we aren't doing any on-chain transfers but Binance to Coinbase (for example) incur a mining fees. So if Lightning Network exist between 2 exchanges we could be making near to instant transfers and for free of cost. So here we achieve the scalability and relying too much on on-chain transfers are prevented but the only disadvantage of this scenario is that we rely on exchanges for private keys and the real purpose of decentralization is destroyed. Every one of us will be having bank accounts and crypto exchange accounts but bank - bank transfers has achieved scalability because of a second layer protocol like VisaNet (powering Visa) or BankNet (powering MasterCard). These networks just relay information and doesn't really move the money from one place to another. Similarly LN can probably solve the scalability issue if each and every crypto exchange uses LN for the transfers! I think Liquid Sidechain seems to be solving the scalability in a similar manner by supporting some good number of exchanges but I didn't give a deep read on it. |
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This is one among the most important part of the code in chainparams.cpp. Here consensus.nPowTargetSpacing refers to the time limit between the confirmation of consecutive blocks. In your altcoin, every block will be confirmed in 9 minutes i.e (9 minutes * 60 seconds) consensus.nPowTargetTimespan refers to the difficulty readjustment time. In bitcoin, this is placed at 14 days which is mentioned in #L77 of chainparams.cpp. But in your altcoin, block difficulty will be readjusted in 21 days i.e (21 days * 24 hours * 60 minutes * 60 seconds) In terms of bitcoin, difficulty is adjusted every 2016 blocks and this is calculated using the formula nPowTargetTimespan / nPowTargetSpacing. If the same thing is taken in your altcoin, (21 * 24 * 60 * 60) / (9 * 60) = 3360 blocks I have never read why satoshi chose 10 minute block interval but when complained they were slow, he pointed out to this topic : Snack Machine Thread |
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Good writeup with much needed points to predict the winning and losing strategy! I do regularly say in my posts that gambling should be considered as a fun way to enjoy our time rather than considering it as a profession or something like an investment trick. Gambling is like spending money to go for a short trip where in the end we enjoy our trip. If it's considered as a profession, we need to be ready to lose our money due to the addiction it creates during betting against the house. But still we can consider we could probably take sports gambling as a part time way to earn money since most of the time we can predict the outcome of the winnings or losses. Even betting on shitcoins is a form of gambling where we are very much sure we may be losing the entire money we have invested but on the other hand we might be winning a huge surplus money! In this case, the outcome of a football or basketball game can be predicted for most of the time based on the players present in the team. For example, in terms of basketball if Lebron performs well we are very certain that LA Lakers will be winning the game and in this case the winning is relied upon one single player for most of the time. Also check the history head to head of the clubs playing,
This is a very important point to be taken into consideration since the opponents can trigger the game to move through different levels altogether. We could never expect the same outcome while playing with the opponent all the time but possibly if the opponent lacks certain key players then the winning will be favoring the opposite club. If you have won, leave. If you don't, you can lose all you won
For most of the time this doesn't happen. Humans are emotional and winning in a gambling can make them geared towards betting more and thereby they lose in the game. This is why gambling companies face good profits but making profits through gambling and retaining them is dependent only on the individual. |
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Good thread at a much needed time which could be discussed only in a board like this. Well, recently I have been thinking how a protocol which is still pretty new and not hundreds of thousands of devs working on it is handling trillions of dollars which is surely a hectic burden on the minimized developer community. We never really know how many bad actors are watching the code and trying to find a bug in the source code and we should not regret the fact that if a critical issue is found in Core, devs announce them only after a patch has been produced but what if the malicious actors has exploited the bug before?
As @ETFbitcoin said, scalability still pose a major problem : what if I don't really have money to open a channel in LN? Exorbitant mining fees and extremely slow on chain confirmations will pose a threat if more and more countries start adopting bitcoin as a currency. Yes, we are here to discuss bitcoin as a currency rather than a digital gold concept and that's what satoshi envisioned and that's what developers are working towards too. We all accept that Core implementation is dominating the network and very few open source developers are working on Core software full time! We do say we are a decentralized network but still only a very few developers are getting in for meaningful contribution so every trillion dollars relies upon them which shouldn't happen.
To prevent this issue, onboarding new developers should happen from time to time and this should be a necessity for the future trillions. As of 2018 reports we have 20-22 million software developers in the world but only less than 1000 have contributed to the open source money. Third World countries still have handful of newbie developers who are searching for job for $300pm job and they could probably bring meaningful contributions and find bugs better than the senior devs.
BTCrink is a great attempt to onboard new people working on Core, but we need more and more attempts in third world countries where even $300-$500 per month is more than enough to fund great devs working on full time for Core. Onboarding more can bring not only new approaches to scalability issue but would have faster code improvements. Recently Jack Dorsey and Jay-Z are giving 500 bitcoin for Bitcoin Development in Africa and India but this shouldn't end up with centralized shit cunts like exchange owners! But I firmly believe onboarding more and more can bring a refreshing change!
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We all know 99% of the people who are investing in bitcoin or any cryptocurrency is looking for a mere cashout when they make 2x or 3x but some good old guys and the rest of the 1% know that Bitcoin was created to be a digital and decentralized version of our currency. In an open market where anyone can come in, some billionaires like Elon or the old timers are playing the speculative game to pump and dump the market to cash out the profits. Many of us know that the whole world is printing more money to stabilize the losses we have faced during 2020 COVID period and people knowing this and getting into bitcoin ain't the reason. For instance, if we take the motto behind a random stranger who is in a shitty Binance Telegram group or some random newcomer in Bitcoin Twitter all they say is that they came to the crypto market to get rich and only a mere 1% came for the revolution and to stay like us. The reason for satoshi inventing bitcoin and developers working on it, is always different while comparing them to a normal person who is here for profits. In the case of 1923 hyperinflation in Germany, the government printed too much trillions which made the people to carry cash in carts to buy one loaf of bread but currently the exposure and the government ideology has changed over the years and in my point of view a hyperinflation would likely occur. Is it just merely “for speculation”, or an actual “safe haven”?
As I already said, when these alts and others shits like DeFi came in due to the open source movement we have moved into a speculation game rather than a revolutionary game. 99% ain't investing in bitcoin just because they know government is printing trillions but the reason is they want to get rich in this speculation game. In this post I predicted if we are in a dystopian era when bitcoin replaces Fiat currency we might be touching $500k but pumping to $50k when not really much has happened is only because people are getting in without knowing what bitcoin is! Will Bitcoin crash together with the rest of the economy, or will everyone run to it as a Store of Value?
Neutral on this because if we don't have a way to make surplus money (jobs or business), we won't be able to invest anything since the money we earn and the money we spend neutralizes which is the current scenario in third world countries. |
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Lot 2 - 0.002BTC
Lot 3 - 0.002BTC
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Lot 2 - 0.001BTC
Lot 3 - 0.001BTC
Lot 8 - 0.0015BTC
Lot K - 0.0025BTC
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if you peel it, would you be interested in selling the block itself post-peel? if so, for what price?
I think even the peeled titanium block will be a little around $5k or so (I think this is even not right, they might be fetching $6.5k? or $7.5k?)... AFAIK BTCC pieces have good peeled value similar to Cas coins as they had virgin btc in them! For instance, a peeled 25 btc BTCC block fetched roughly around $6.8k in the last known auction : [ENDED] BTCC titanium blocks (redeemed) and if we ever buy any peeled 25 btc block I think the buyer will sell them at the same rates as these pieces are very rare. but maybe at Titanium scrap rates... I think I could scrape together that kind of scratch.
I think it's impossible for someone to sell a piece at Titanium scrap rates. Will someone sell a peeled 1k btc cas coin at spot gold rate? If we ever get that, I think we would be one among the most luckiest person in the collectible community for sure.. 
@OP GLWS.. some shark with some spare $1m would be watching and finishing this beautiful deal  |
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Block #668750 - 00000000000000000005cc320f6966fffe91ef6394b8fde72faf8e525c6283f2since it's 12th bday of bitcoin. I will take the number 2.
Congrats pawanjain for winning this birthday raffle. Please post your BTCitcoin address (if possible add a bech32 address to prevent high fees) so that I can PM @DarkStar_ for the payment. |
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Username: Heisenberg_Hunter
Post Count: 1270
BTC Address (must be SegWit): bc1qr9r4rf7nqwe533zeuk7utsjxuxedn93gm5r7t2
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We are full and Block #668750 will decide a winner for this Bitcoin Birthday Raffle.
Good Luck everyone and may the force be with you!!!
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lonely "e" for me.
bc1qvanpq3kgzlvz6r0gvxkwn7m5tgnnam9yacm73f
@sureshnsnet already chose Ei am going with E
Please choose another character  @chennappa121 please update with segwit address to prevent higher fees. @baapmusic and @Mustujab67 are banned from all the future raffles and this raffle as well.
These free raffles are organized to engage the contributors and to increase the participation of Indian local board. The whole event would become worthless if people are trying to rake in profits even on a good cause. I do hope people posting here might be aware of this and if you aren't contributing anything here, please try not to participate in future raffles. |
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Please ban vikrammahar for plagiarizing in local board. Copy : Covishield vaccine-Government to buy 11 million doses from Serum Institute "vaccine to cost ₹210 per vial"
The government on Monday placed a purchase order with Serum Institute of India for 11 million doses of Oxford COVID-19 vaccine, Covishield, each costing ₹210, including the GST.
Vaccine has been priced at Rs 200 and with GST of ₹10 it would cost ₹210.
Archived for reference : https://archive.is/tD576Original : The government on Monday placed a purchase order with Serum Institute of India (SII) for 11 million doses of Oxford COVID-19 vaccine, Covishield, each costing ₹210, including the GST.
According to the order, each dose of the vaccine has been priced at Rs 200 and with GST of ₹10 it would cost ₹210.
Copy : Bird flu is caused by a type of influenza virus that rarely infects humans. More than a dozen types of bird flu have been identified, including the two strains that have most recently infected humans — H5N1 and H7N9. When bird flu does strike humans, it can be deadly.
Symptoms:-
Signs and symptoms of bird flu may begin within two to seven days of infection, depending on the type.
Cough
Fever
Sore throat
Muscle aches
Headache
Shortness of breath
Causes:-
Bird flu occurs naturally in wild waterfowl and can spread into domestic poultry, such as chickens, turkeys, ducks and geese. The disease is transmitted via contact with an infected bird's feces, or secretions from its nose, mouth or eyes.
Open-air markets, where eggs and birds are sold in crowded and unsanitary conditions, are hotbeds of infection and can spread the disease into the wider community.
Undercooked poultry meat or eggs from infected birds can transmit bird flu. Poultry meat is safe to eat if it's been cooked to an internal temperature of 165 F (74 C). Eggs should be cooked until the yolks and whites are firm.
Complications:-
People with bird flu may develop life-threatening complications, including:
Pneumonia
Pink eye
Respiratory failure
Kidney dysfunction
Heart problems
Although bird flu may kill more than half the people it infects, the number of fatalities is still low because so few people have had bird flu.
Archived for reference : https://archive.is/rowPZOriginal : Bird flu is caused by a type of influenza virus that rarely infects humans. More than a dozen types of bird flu have been identified, including the two strains that have most recently infected humans — H5N1 and H7N9. When bird flu does strike humans, it can be deadly.
Symptoms
Signs and symptoms of bird flu may begin within two to seven days of infection, depending on the type. In most cases, they resemble those of conventional influenza, including:
Cough
Fever
Sore throat
Muscle aches
Headache
Shortness of breath
Causes
Bird flu occurs naturally in wild waterfowl and can spread into domestic poultry, such as chickens, turkeys, ducks and geese. The disease is transmitted via contact with an infected bird's feces, or secretions from its nose, mouth or eyes.
Open-air markets, where eggs and birds are sold in crowded and unsanitary conditions, are hotbeds of infection and can spread the disease into the wider community.
Undercooked poultry meat or eggs from infected birds can transmit bird flu. Poultry meat is safe to eat if it's been cooked to an internal temperature of 165 F (74 C). Eggs should be cooked until the yolks and whites are firm.
Complications
People with bird flu may develop life-threatening complications, including:
Pneumonia
Pink eye (conjunctivitis)
Respiratory failure
Kidney dysfunction
Heart problems
Although bird flu may kill more than half the people it infects, the number of fatalities is still low because so few people have had bird flu.
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Hey everyone, If possible please try to provide a segwit bitcoin address (starting with bc1 or 3) instead of Legacy addresses starting with 1. It will help us in saving unnecessary fees and we can help the network by occupying less space in the block. From next raffle onwards segwit bitcoin address will be made mandatory and if you don't have a segwit address, try to install Electrum and provide one. We should minimize the usage of Legacy addresses as much as possible.
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