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1221  Economy / Gambling / Re: EveryDice.com | 0.99% Edge - Instant Cashout - Invest - Referral - Mobile - Fair on: June 21, 2014, 11:03:51 AM
Police wont and cant do anythong, nothing at all. Ed is not legit registrated casino like none is in bitcoin. Its just a website. And bitcoin is not a curency so police cant do nothing about it.

Cars aren't a currency, but if the police catch you in a stolen car they can do something about it.

What makes you think the police only police currency?

Yep. They can launch an investigation, only if he didnt repay you or what not....

Not as simple as that.

1DiCe1 has to prove ownership of the BTC's she deposited. Which might seem a difficult task in legal terms, I heard.
Only then, a full report could be done by the Spanish police, for them to legally obtain the IP holder's identity from ISP and then fill in a court case.
This will never happen regarding to 1DiCe1 I'm afraid, and investors have nothing to pursue with the authorities since they lost it fair and square.

Which brings it all back to zero.

They may have lost fair and square against 1Dice1 but they still bitcoins left after he won!
1222  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Just-Dice.com : Invest in 1% House Edge Dice Game on: June 21, 2014, 11:02:07 AM
crap I slept through the poker

I didn't hear my clock!!
1223  Bitcoin / Bitcoin Discussion / Re: 15-Year-Old Makes $100,000 on Bitcoin on: June 21, 2014, 10:47:03 AM
Could have been $1mn if he had held on. Perhaps should have.
Arguably....


He can probably still buy back some at a cheaper price and I doubt he doesn't have any left
1224  Economy / Services / Re: [PrimeDice] [Highest Paid Signature] Earn Bitcoins Simply By Posting on: June 21, 2014, 10:15:03 AM
I personally dont see a problem with the 100 posts limit, idk. I dont think I will ever go higher and even if, it wont be by much. I am with PrimeDice since I could join. 5 month? 6 month? I dont even remember. I looked it up december 18th was my first payment.

IMHO you should cut members. I understand you want people who post solid and contribute to the board.
You also dont want spammers, so my first cause of action would be to ban those from the campaign that have been banned for spamming. Permanently. Im pretty confident that the mods would help you out with a monthly updated list.

Final suggestion: take all the suggestions you get here and think about what you want for a few days. The lastest changes have been a bit bumpy. Id rather have a clear change.


The spam has been a major issue for a while, anyone have some sort of suggestion on what they feel fair pricing is per rank?
This is where you should start from. I think that the limit is a bit too low, maybe 150 per week or 600 a month would be okay.

I think the prices are OK (40k; 60k; 100k; 120k) and limiting the number of posts paid should help reduce the spam but it is better to keep it simple : maximum 400 or 500posts per month

It will be boring and easy to make a mistake (different times, errors on when starts the week...) when calculating the number of posts made per week

If we get a weekly payment every Sunday for 100posts maximum it makes sense to limit the number of posts per week

If you want to make your life easier you say : 200posts minimum to request payment and fix rates : Members :0.2; F Members : 0.3; Sr Members : 0.4; H Members : 0.5

Keep it simple and thank you for the Good Work Stunna! It wasn't easy to implement the automatic enrolling&payouts and deal with all the PM's, you are a machine!
1225  Bitcoin / Bitcoin Discussion / Re: 15-Year-Old Makes $100,000 on Bitcoin on: June 20, 2014, 10:11:13 PM
how lucky him, make 100x profit from bitcoin's increasing price
really envy with early adopters of bitcoin Sad

You can envy People more good looking than you or luckier than you but what's the point?
1226  Bitcoin / Bitcoin Discussion / Re: Ask Amazon for Bitcoin Payments on: June 20, 2014, 06:28:20 PM
Amazon will never consider btc as they have their own payment services

You are talking about that I presume :

https://payments.amazon.com/developer

A kind of Paypal?
1227  Bitcoin / Bitcoin Discussion / Re: 15-Year-Old Makes $100,000 on Bitcoin on: June 20, 2014, 06:26:59 PM
Awesome! I think it's great that he sold when the btc were high. He obviously made a good investment with it. And he is still the BTC enthousiast he was, paying his employees in BTC most of the time. Probably means he bought a bunch back @ current pricings.

Are you the guy in question?  Wink

Of course he still is the Bitcoin enthousiast he was, it wouldn't make sense otherwise
1228  Economy / Economics / Re: Bitcoin or Gold? What would you pick? on: June 20, 2014, 06:25:52 PM
Ok I understand what you mean; if you get some Gold in a safe in Australia and you live in the states they will not steal it easily from you either

Criminals don't think in terms of how much they risk to get if they are caught but in terms of what are the chances of getting caught; in case things turn really bad, criminals will not hesitate to get your password from you

So why the double standard ? If you keep bitcoin in a safe it'll be the same thing. But would you put you jewelries or cash in a safe box in Australia ? I can keep my bitcoin anywhere, they'er much more safer, I could lose my smartphone that keeps my bitcoin wallet, no one could take away my money, I will simply restore my wallet on another phone. With gold/cash/online banking/paypal/credit card once a thief gets their hand on it, its extremely hard to get it back.

As for criminal thinking I don't think we can say what they're thinking, I'm basing that analogy with thieves vs murderers on statistical proof that is in any jail you would only find 5-10% actual murderers. So no its highly unlikely that they'll wait for you at home to torture you for your password, but its highly likely that they'll collect your jewelries/gold/cash/etc. Certainly not entering your computer lol  

Bitcoin is far more safer, its one of the reasons people are so attracted to it. Thats why if a bug will be discovered(its been 5 years now so highly doubt it) you'll see the collapse of Bitcoin because the basic concept of safety was breached so would be hard to regain the trust.

If your friends know you have bitcoins and they probably do, you will likely be give up to the taxman and slaughtered; if you didn't flee or protect yourself well, someone will kidnap you and steal your passwords
1229  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: How do speculate on the future profits then? on: June 20, 2014, 06:23:29 PM
How do speculate on the future profits then?

Last 250 days only 1,164,172 BTC were wagered (average 4657 per day) and the BTC/USD went from $126 to $605. So the EV is 46.57 BTC minus 10% commission per day. I don't know if there is any way to see how close the return was in these 250 days.

Profit changed from 4,615.47 to 18,945.02 or 14,329.55 over those 250 days (or 57.3 BTC per day before commission). So that is 1.23% of amount wagered.

But including the first 115 days it is .3568%.

So I would say that it would be pretty much speculation on future profits, but you can't do any better than 1% of the amount wagered.  But if it stays relatively small bets, then you shouldn't lose money. And you may make a lot if you get more people like mechs.

Investors want high returns and low risk. That's why you should buy stocks low and sell them high.


To speculate on future profits we can use past amount wagered and expect 1% but the variance is tremendous Grin

The most probable is a return of 15-35% for next year; -100% is possible and -15%/+70% is not out of question either
1230  Bitcoin / Bitcoin Discussion / Re: Why satoshi is gone? on: June 20, 2014, 06:20:27 PM
My point is that if someone gets Satoshi's million coins then they could destroy Bitcoin valuation themselves and keep the valuation low for a long period of time as they released the coins on the market. If this were to happen, it clearly opens the door for other coins. Yes no other coin is close, but that is because Bitcoin is so valuable, you change that price and people are being foolish if they don't think another coin could take its place.

The problem with the thesis that driving down BTC's value would enable another to take its place is that all other crypto is basically tied to BTC pricing and 99% of the trades for altcoins are done via BTC. So driving down the price of BTC would just drive down the price of all other alts to almost the same degree.

I don't think it would work at any rate. There are enough people who would start buying up the million BTC as the price dropped that I expect, after the dust settled, that BTC would still be well above $100 and probably several times that. Only if the sell-off coincided with some seriously bad news of Mt. Gox magnitude would the buyers stay away.

Satoshi may have destroyed the private keys or he is the only one having them, let's hope he doesn't lose his mind and do something stupid when he gets old
1231  Economy / Scam Accusations / Re: CloudBet Scammers ! on: June 20, 2014, 06:18:30 PM
In addition to all of that ,  I Rented Lawier to check IF something illegal here he told me that we can't prove its fake but we can lawsuit them
for allowing me to play , because I'm from Israel and in this country all this website should be blocked , then Lawsuit incoming to Cloudbet Smiley

It was illegal for you to play

They are probably anonymous
1232  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: June 20, 2014, 06:17:57 PM
I wonder what will happen when people realize that it's way, waaaaaay unprofitable to mine and start buying bitcoins instead!!!  Grin

Won't happen. By that time, the tx fees will give the profit. Also when Bitcoin is uber mainstream and all blocks are mined, there will be A LOT of BTC in blocks, only from the tx fees, and that makes it really profitable. I believe you know that now block rewards are 25 BTC + tx fees.

I know all that, but bitcoin mining is already unprofitable! That's what I am saying!

No, it's not. GHash.io is unprofitable, normal mining isn't.

I think there are a lot of people who would disagree with you

I'm not saying that it's profitable with anything, but it can definitely be if you invest smart. Buying new ASIC units and selling old ones.

If you get delivered in time, if the network power doesn't increase too much and if you sell well you can profit without investing too much

Day trading all coins is much safer and more profitable than Bitcoin mining!  ..........LOL?

Hmm no

We have an exciting second half of the year ahead, whales got their cheap coins and now we will have the anticipated spike up in price to new highs thanks to a few timely positive news that will come up during the summer and right after

Wow! You have newspapers from the future too?

Who knows? Bitcoin was valued so much in 50years that a technology to send newspapers back in time was financed
1233  Other / Beginners & Help / Re: Martingale System on: June 20, 2014, 06:15:41 PM

Quote
Thanks for this. i'll try this system but will not push to the limit.  Smiley 

It's not a system. It's a strategy. For every 10+ wins in a row there's an equal chance of losing 10x.
Say you're betting 1000 doge. If you need to overcome 10 losses it'll cost over 500,000 ...
Not fully equal, there's something called variance, if you lose the first one, it doesn't mean you can have a 50% chance of winning the next one, you have in fact, less chance since you have to consider about the percentage of the house edge, which can be from 1% to 2%.

Variance doesn't mean casino edge
1234  Economy / Gambling / Re: Hypothetical battle comparison (Donald Trump vs whale) (dooglus vs whale) on: June 20, 2014, 06:14:57 PM
The variance is not necessary higher if more is wagered everyday!!

Yes you are correct, but the wagering doesn't seem to zoom because thousands of extra people have just discovered JD. It is because a few people are making huge bets. That is what makes the variance large.

As we observed, the profit has been 1.23% of the wagers over the last 250 days. There was one day when 70K BTC were wagered, but all other days have been 30K or less. The median has been only 3K bitcoins.

I agree that when a lot if wagered it is probably because a big player is placing big bets so the variance increases but you implied that more wagered=more variance; big bets=more variance, if the operator doesn't want the big bets he can limit the max bet
1235  Local / Économie et spéculation / Re: Le bitcoin devrait remonter on: June 20, 2014, 06:12:50 PM

Un dump de 1000btc fait bouger le prix de plusieurs pourcents. Alors une vente de 30000btc "propre sur eux", ça aura un impact, c'est garanti. Rien que la news concernant l'enchère a fait baisser les prix 10%.

Bizarre que 1K fasse bouger de plusieur % - mais dans ce cas ce n'est pas un ordre de vente mais comme une cession. Et ca valide le bitcoin. Ca devrait le faire monter.




Je pense que le résultat de la vente aux enchères sera une nouvelle positive car les bitcoins auront peut-être été achetés avec un premium et ça valide effectivement la crypto monnaie

Exactement, la Bolivie essaye de bannir le btc et les US le valident. C'est plutôt bon signe.

Les pays communistes sont rarement en avance sur internet, s'ils bannissent une entreprise achetez la elle apporte probablement bcp de liberté et les met en danger
1236  Economy / Games and rounds / Re: PrimeDice Happy Hour - 10,000 Satoshi/Min! for next hour! on: June 20, 2014, 05:47:52 PM
Feels like this one is goin on far longer than 1h ! Jump on in everyone!

It is; I'll play it until it stops or I fall asleep Grin
1237  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - April 2013 on: June 20, 2014, 05:44:48 PM
It's easy. If you want to buy a million dollars worth of coins, you're probably pretty smart and know what you're doing. And if you know what you're doing, then you don't try to buy them by putting one order in the order book at one price thats been beaten through several times in the last 24 hours.

Sure, but if you have a wall of 1 million, then you must have the money back it up, no?

You have the money to back it up but you have a software that will delete the order because it comes to it

Should I sell BTC before US auction of btc begins or should I hold ?
If you cannot decide on your own what to do or whom to follow, then do nothing. Presumably there is a reason that you bought BTC. If it still exists, hold. If it doesn't or never did, sell.

I bought BTC because concept of decentralization appealed to me. I am not in it for profit as I don't hold much BTC.
its good to participate in the market, helps liquidity and price discovery, every bitcoiner should have a trading account.

Yes, I should try. I have a trading account on kraken. I should try to trade with the money i earn from signature. Nothing to lose.

if you start trading, you can lose the money you earned during the sig campaign and your time; you will learn a thing or 2 though
1238  Other / Off-topic / Re: Answer the question above with a question. on: June 20, 2014, 05:38:23 PM
Or is the unit  newton-tesla-hashes per volt ampere^2 seconds, which requires a scale-multimeter-ASIC-miner device?
I know who were Newton and Tesla and Volta and Ampère, but who was that Hash guy?

What will be the last post of this thread?

Do you think there ever will be "the last" post on this thread?

Why didn't you answer the question?
1239  Economy / Speculation / Re: Will bitcoin ever reach $1000 dollars again? on: June 20, 2014, 05:37:17 PM
If the SR bitcoin auction goes well (in terms of price), we may see a strong uptrend very soon. Cheesy

How can it effect BTC value positively ?

Hahaha i don't think it'll goes well in terms of price Cheesy
That auction is like a dump

When will the auction be held?  Huh

"bitcoin marshall" on google, first link : http://www.usmarshals.gov/assets/2014/bitcoins/

Phase II: Online Auction Period
Date: Friday, June 27, 2014, from 6:00 AM EDT to 6:00 PM EDT
1240  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 20, 2014, 05:34:12 PM
Gold UP Bitcoin UP

big banks failing, government bail out, hyperinflation, riots, extremists taking power, wars are sadly around the corner
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