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821  Bitcoin / Press / Re: Bitcoin online gambling sites: pros, cons and preaching to the choir on: November 20, 2012, 07:21:32 PM
https://bitcointalk.org/index.php?topic=126615.0
822  Bitcoin / Bitcoin Discussion / Re: Your Opinion for the cbitcoin Logo (Second Set) on: November 20, 2012, 10:35:14 AM
All of them are still too busy-looking, in my opinion.

agree, just do slightly big C then Bitcoin imo.
823  Bitcoin / Press / Re: 2012-11-19 dailymail.co.uk - The eBay for drugs: 'Silk Road' website allows UK d on: November 20, 2012, 06:52:16 AM
What's so innocent about the Royal Mail accepting money for delivering drugs?! <snicker>
824  Bitcoin / Bitcoin Discussion / Re: A newbie asks - how many % of your disposable money have you in BTC? on: November 20, 2012, 06:36:02 AM
To me, having only 1% in bitcoin sounds extremely risky. You run the risk of missing out big time if bitcoin takes over the world.

No, I don't think it's risky. I think having 0% is.

Bitcoin is at an unbelievably early stage, still. There are only 21 million bitcoins, yet the world population is over 7 billion. Bitcoin doesn't need to take over the world. It can just make a tiny tiny dent and have ridiculous ROI. I've stated before I think having as few a 10 bitcoins can make someone a millionaire in fiat terms (that means 1 BTC = $100K). That currently costs about $100.

You're probably right.

However, I personally believe that becoming a millionaire, when you could have become a billionaire, is risky.


It's not just that, if you've got a very small % and that's your rule you'll be selling all the way up and even if the value of bitcoin goes up 10000x from here you'll potentially get 100x or less on 1-5% of your wealth, which is nice but you are missing a lot of the value due you if you've really figured bitcoin out this early. A rule of 1% of what you have now and never sell doesn't really work either since... you'll never actually benefit in any material way.

A high % and keep that % roughly constant is the way to go imo. I violated that during the bubble/peak to my detriment. Selling down to my previous % would have protected my stash all through 2012, but as it happened I had to sell quite a bit.
825  Economy / Gambling / Re: SealsWithClubs.eu - Block 210000 Party REBUY! on: November 20, 2012, 12:27:35 AM
A few bits of news.

We're trying a 6max MTT tonight at 10pm, I know it is short notice, but if it gets any interest at all we'll do it same day and time next week.

We've got a new 10000 chip freeroll for players who have earned 50000 krill. There are only 24 of them so far and 17 in striking distance so it should be good value for some time. It will run every 530 hours and rotate between PLO, PLO8 and NLHE. The first one is next Monday at 6pm ET.

If you're wondering why we're scheduling by the hour in strange amounts (50, 140 and 530), it's so that no one will be permanently excluded by work or other obligations regardless of schedule or time zone. Sometimes it will be convenient for you and other times not.
826  Bitcoin / Press / Re: 2012-11-19 Brighton Argus - Getting drugs posted through your door on: November 19, 2012, 11:34:24 PM
"bizarre community"?  Huh Huh

Yeah, how did they find out Huh
827  Bitcoin / Bitcoin Discussion / Re: Great new Bitcoin instructional video series! on: November 19, 2012, 10:27:04 AM
I'll be sharing these!
828  Other / Politics & Society / Re: 3 year old child pee's in his yard, police fine mother $2500 on: November 19, 2012, 09:09:07 AM
He shouldn't have been peeing in the officer's yard.
829  Bitcoin / Bitcoin Discussion / Re: A newbie asks - how many % of your disposable money have you in BTC? on: November 19, 2012, 09:01:46 AM
I have a few months expenses in dollars, most of the rest in coins.
830  Bitcoin / Press / Re: NEW articles in Press Forum on: November 19, 2012, 01:47:28 AM
2012-11-19 Calvinayre.com Bitcoin online gambling sites: pros, cons and preaching to the choir

http://calvinayre.com/2012/11/19/business/bitcoin-online-gambling-sites-pros-cons-and-preaching-to-the-choir/
831  Bitcoin / Press / 2012-11-19 Calvinayre.com Bitcoin online gambling sites: pros, cons and preachin on: November 19, 2012, 01:46:03 AM
http://calvinayre.com/2012/11/19/business/bitcoin-online-gambling-sites-pros-cons-and-preaching-to-the-choir/

Quote
As for Bitcoin’s future with US-facing gambling sites, Micon says Seals is helping lead the way for “a totally different model that I think will exist alongside regulated USA gaming sites.” Seals “does no banking whatsoever” with US institutions, “only Bitcoin in and Bitcoin out, all for a max rake of 0.1 Bitcoins [currently about $1]. And we give a significant percentage of that rake back in promotions for our top players.” And unlike traditional sites, Seals’ users remain completely anonymous, except for the fact that, at present, they all seem to know each other.

The article mentions SD, SwitchPoker, StrikeSapphire and BC-Casino and has 3 paragraphs about Seals.
832  Bitcoin / Bitcoin Discussion / Re: [ANN] Pay for DDOS Protection with Bitcoin! BlackLotus on: November 18, 2012, 06:23:38 PM
Tony,  That's great news.

Are you aware of this.

http://www.000webhost.com/directory/reviews/blacklotus.net

If it's true it makes sense they want to accept non reversible bitcoin.

I love the fact that you are expanding your business (an congrats on the WP deal!)

But i hope it is for the right reasons.



Well damn.
833  Other / Off-topic / Re: The future of bitcoin on: November 18, 2012, 10:13:45 AM
I dunno about sketchy link there, but there are still over 10 million coins to go, so it'll be a long battle.
834  Bitcoin / Press / Re: 2012-11-16 CalvinAyre.com - Dealer’s Choice: Brother, Can You Spare A Bitcoin? on: November 17, 2012, 07:39:03 PM
Ouch, I know he's talking about Seals and he says "extremely low stakes poker". We've got a 60BTC buy-in ring game running right now, geez.
835  Economy / Services / Re: OptionCentre.com - now accepting bitcoin on: November 17, 2012, 07:08:01 PM
This is a scam, I deposited 10$ and my account wont credit it. It also let me withdraw 25$ which i didnt even have in my account

Sounds like a fail-scam.
836  Economy / Speculation / Re: my intuition says: we're sitting on a rocket about to be ignited on: November 17, 2012, 09:31:48 AM
We'll be taking off when 'buying bitcoins' makes no sense. I haven't bought bitcoins in well over a year and I encourage you all to join me in collecting as many as you freaking can. (buying bitcoins is so 2010)
837  Economy / Economics / Re: Which countries would gain or lose the most from bitcoin as a world currency? on: November 17, 2012, 09:28:32 AM
BTC is cool, will change the world and is magic.
838  Bitcoin / Bitcoin Discussion / Re: And I need some images fo BTC article. on: November 17, 2012, 06:43:26 AM
I give you permission to use all of them.

Lol, if one permission slip isn't enough you also have my permission.
839  Bitcoin / Bitcoin Discussion / Re: WordPress.com accepts Bitcoins on: November 17, 2012, 06:35:48 AM
What sort of thing does a $5 (or any price) WP upgrade get you? I think I saw numbers of like $45 mil for WP last year, but I don't know if that is revenue or profit, are lots of people buying upgrades?
840  Bitcoin / Bitcoin Discussion / Re: Time for a renewed push to get EFF to accept Bitcoins? on: November 16, 2012, 09:48:10 PM
When EFF started accepting it, people were using the EFF's name to promote Bitcoin.  It's reasonable for them to take the position that they don't want to be seen as promoting it.

They can always change their mind, and they certainly will if they feel so inclined.

Certainly they will change their mind, but they'll never be on the frontier.
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