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1  Economy / Gambling discussion / Re: Which is your favorite gambling game? on: March 10, 2017, 05:12:58 AM
There are many gambling sites. Mainly poker, roulette and dice games are played.

Which gambling game you enjoy the most while you play?

Texas Hold'em
2  Bitcoin / Hardware / S4 xoooooo ooooooo..... on: October 26, 2015, 09:25:13 PM
Hey,

I seem to be having a problem with my S4.   Here is what miner status is showing.  Can anyone tell me what exactly the problem might be? It is still giving me a decent hash rate but fluctuates between 1750 and 1950. Thanks!

3  Other / Off-topic / Re: Bank or Bitcoin Wallet? on: October 19, 2015, 10:08:15 PM
what you will chose amomg them.and why do the banks are afraid of bitcoin.why banks are not much smooth and faster like bitcoin.if banks start accepting bitcoin as payments then will it became a revolutionary for us?can bank can solve our mining or money curculation probems.

It depends how much money we are talking about and what kind of wallet?  If it is a paper wallet locked in a secure fire safe vault guarded by an army then I'd say a wallet.  If it is a digital wallet, then a bank that is insured by the FDIC.  I think banks have a very different agenda from Bitcoin holders who are benefiting from the long term fundamentals of the currency.  Banks are direct beneficiaries of a fractional-reserve currency system.
4  Bitcoin / Bitcoin Discussion / Re: Are you holding your bitcoin for a price increase? on: October 19, 2015, 10:02:55 PM
So are you holding your bitcoins for future events such as halving or you more like to spend your bitcoins when you get it? I personally like to spend it for digital goods usually...

I am holding bitcoin for three reasons.  One, I can use bitcoins to get a better price on physical and digital goods through sites like purse.io.  Two, I am holding for the long term fundamentals.  I think it will rise over time.  Three, the short term returns I can get investing in bitcoin are very good.  If I hedge the fiat exchange rate over the short term, the fiat returns of my short term BTC investments are sometimes superior to fiat investments.
5  Bitcoin / Bitcoin Discussion / Re: Buying Bitcoin was a worst decision of my life on: October 19, 2015, 09:57:25 PM
How many of you can admit that buying Bitcoin was a worst decision of your life? I can. I'm approximately -50% in fiat funds now.
Sooner or later some type of bank chain or coin will come and gain mass adoption - while bitcoin still remaining a geek coin
to buy weed.
I know this forum is more like a cult than a information channel what comes to honest opinions but I know there's others
on this forum who feel the same, almost all of us. Don't let your cult believer ego come in the way.

Even if Bitcoin goes to 1 penny I will still not regret having been involved.  Given the underlying dynamics of the currency, the long term risk-reward ratio is incredibly lucrative.  I consider it to a 0 or $100,000k proposition.  Sure, something could replace Bitcoin or disrupt the network, but until then, I expect the long term fundamentals to continue driving the price upward.
6  Bitcoin / Pools / Re: CDF: Cumulative distribution function... on: October 18, 2015, 10:03:38 AM
No one?.... Anyone?  Bueller?
7  Bitcoin / Pools / CDF: Cumulative distribution function... on: October 18, 2015, 09:37:18 AM
I am trying to understand the difference between 1 day, 7 day, 30 day pool luck and CDF.  Can someone help me understand?  If one day luck or seven day luck is really low why would CFD be above 63%?  Thanks.
8  Other / Politics & Society / Re: Why China Should Not Fear the Resurgence of Japanese Militarism? on: October 18, 2015, 08:02:19 AM
Discuss the reasons here Why China Should Not Fear the Resurgence of Japanese Militarism?

China is a major exporter and ultimately should not alienate the global community that supports its economy by threatening its neighbors with aggressive military maneuvers.  Russia is a good example of a strong country that severely damaged its ties with the West and has suffered economically.  In the age of mutually assured destruction, no super power is really looking to start a hot war with another super power.  Hyping up external threats to increase nationalist fervor may serve the Chinese political system, but could have dangerous consequences.
9  Economy / Trading Discussion / Re: What is your trading strategy? on: October 18, 2015, 07:05:28 AM
Buy when there is despair and all hope is lose.

Sell when everyone is buying and think bitcoin is the future.

Well said.  Even though there are no strong fundamental indicators for bitcoin other than the long term economic nature of the currency, I generally try to buy "cheap" and sell when it is "expensive."  I define this mostly based on sentiment.  When the crowd is overexuberant, sell.  When the crowd is irrationally fearful, buy.   
10  Economy / Economics / Re: Why people dump their Bitcoins ? on: October 18, 2015, 02:54:36 AM
In your opinion what are the reasons that let someone start dumping his bitcoins and walk away ? 
I personally (and this is just my opinion) that it's more panic then simply his need of money or something else , as we saw on the BitcoinXT last time , people started to panic and simply sold their bitcoins and that caused a drop in the price .

I've seen people dump a significant portion of their bitcoin holdings because the volatility becomes too much for them.  They decide they have made enough profit and want to just sit on a smaller amount of bitcoin.  Instead of worrying about the day to day movements, they just want to hold what they are willing to lose in case bitcoin goes to the moon but sell everything else.  I've heard people do this when bitcoin gets to certain relative highs.
11  Bitcoin / Bitcoin Discussion / Re: Why the commercial banks must hate bitcoin? on: October 18, 2015, 02:35:09 AM
I read at various posts here at forum that the banks hate bitcoin. In the most of posts is not specified that with the term "bank" is meaning the Central Banks or the commercial banks. I think that they mainly or almost totally mean the seconds.

If is this the meaning that they give to this term (bank) used by them in these posts I don't understand WHY those must hate bitcoin as a currency. Bitcoin is a currency which can be used only in internet. So cannot compete with the other fiat currencies. They have totally other main field of use. Much more profitable than the field in which act bitcoin. Then, the only thing when fiat money and bitcoin can compete are because both can be substituted with the debit/credit cards. But even here there is not competition. If bitcoin will be accepted by the banks they will have more customers and more money. Will have even the customers of bitcoin. In other words will have they which use the fiat money plus they which use bitcoin. More customers mean more profit. There will be more credit/debit card in use for such bank.

Even there must be transfer of customers from fiat money to bitcoin it will be the same for the such banks. They don't lose nothing. Will have the same that customer which will not use credit/debit card with fiat money but with bitcoin. As about the fees they are in the "hands" of the banks and they can decide what fees fit to those.

There is nothing to do here the fact that bitcoin is a decentralized currency and the fiat money is a centralized one. This have nothing to do with the activity of the commercial bank. They work of the money. Whatever money it is and whatever it is the owner or if have no owner. For they is important that is MONEY. And bitcoin is.

So, who can explain me why the commercial banks must hate, don't use and even fight bitcoin as a currency, as I read in numerous posts here in bitcointalk?

Every "bank" is a member of the central bank.  They all benefit from the fractional-reserve currency system by borrowing money from the central bank at a one rate and lending it out at a higher rate.  The inflationary nature of a centralized fiat currency allows for many monetary policy mechanisms that a decentralized currency with a finite supply such as Bitcoin offers.  Essentially the banks benefit from being able to create money and charge for it.  They can't do it this with Bitcoin.
12  Economy / Speculation / Re: Next target: 260-270 on: October 18, 2015, 01:07:45 AM
Looks like it's on the rise. I expect 260-270 as the peak of this rise.

Thank you for sharing your fountain of whale knowledge!  Can you tell us what to do now?  Is there going to be a selloff or will it stay above 250 for awhile?
13  Bitcoin / Bitcoin Discussion / Re: Do you believe we need more ways of advertising Bitcoin currency? on: October 17, 2015, 11:34:59 PM
After all, if you don't spread the knowledge of an existence, the existence is in turn unknown, labeling it useless.

What about spreading the word to the younger generation? Children are known to imitate knowledge, and spread it continuously. I am a firm believer in broadcasting and wide advertising. Right now, I'm trying to create handmade merchandise like hand knitted sweaters with the bitcoin symbol embroidered onto them, hand sculpted bitcoin symbol necklaces, earrings, bracelets, and even handmade dolls of a mascot I drew. I'm hoping these fun items will help spread awareness for the digital currency until it's the number one used currency. What do you think?

I actually have a bunch of handmade bitcoin necklaces on the market now if you'd like to see.


https://bitcointalk.org/index.php?topic=1205770.msg12657635#msg12657635


I think it's good you are spreading awareness.  Most people that have negative opinions of bitcoin just don't know anything about it.  When smart people learn about it, they become interested.
14  Bitcoin / Bitcoin Discussion / Re: Why is Bitcoin better that fiat? on: October 17, 2015, 11:29:31 PM
Deflationary in nature.  If you hold dollars and do nothing, you will lose your wealth over time.  If you hold Bitcoin and do nothing, in theory, you will gain wealth over time.
15  Bitcoin / Bitcoin Discussion / Re: Methods of growing your Bitcoin? on: October 17, 2015, 11:26:00 PM
Hi! Cheesy

I recently created a thread asking for the best methods of gaining free Bitcoin.

Most popular results:
  • Signature Campaign (High Paying)
  • Faucets (Low Paying)
  • Trading (Variable)

Now, I'm asking a different question.
What are your best methods of growing Bitcoin.

Only refer to safe investments!

Thanks

Selling snowballs for 1 million dollars.  I actually haven't done it yet but I someone on this forum said it has been done.  I am going to figure out how and start selling million dollar snowballs for bitcoin.
16  Bitcoin / Bitcoin Discussion / Re: Should Bitcoin's logo color be gold, and not orange? on: October 17, 2015, 11:24:16 PM
No, even though a ball of snow was sold for 1 million USD..


wtf... Who sold a ball of snow for one million dollars?  In bitcoin?
17  Bitcoin / Bitcoin Discussion / Re: Should Bitcoin's logo color be gold, and not orange? on: October 17, 2015, 11:22:59 PM
So I was sitting in my room knitting a sweater, but then I realized my crotchet needle wasn't long enough to make a full sweater, so I made a muffler scarf.





Eight hours of my life....

Anyway, I want to hand embroider the bitcoin symbol onto the scarf in gold, and not in orange. Someone argued that orange is a cheerful energizing color. That's not the spirit of bitcoin though. Bitcoin is about wealth. You can see our argument here.
https://bitcointalk.org/index.php?topic=1211547.0

My proposal is that the logo should be gold, while taking out that orange circle. The color gold will automatically entice more people to be a part of this currency if we occupy a color that exudes power, dominance, wealth, leisure and success.


Besides, gold yarn will look better on this cream colored scarf anyway.

Your thoughts?

I think symbolism is important.  If our goal is to market bitcoin to the masses and ultimately achieve world domination, then messaging is important and we should have this focus group tested.  My guess is people associate gold with wealth and security more than orange.
18  Bitcoin / Hardware / Re: [Guide] Dogie's Comprehensive Bitmain Antminer S4 Setup [HD] on: October 17, 2015, 11:17:55 PM
Thanks!  Yes, I forgot that it took a few seconds to turn on.  I successfully turned it off for a about 8 hours so I could examine the power cord to make sure it was the correct one because it was getting very warm.  It was the right one.  Is that normal for it to get hot while operating - the cord?  I can still touch it, but it doesn't feel right.  Could this be an issue with the amount of power the outlet is providing or is it possible the cord is too old and I need a new one?  Thanks!

Getting warm is not really a great thing for a electrical cable.  Are you sure it is original cord?

And can you define "very warm" that is not something good if it's as hot as I think your saying.   Yes it could be the amount of watts of a S4 if cable is not right gauge. So check cable and see if it is original.  And even if it is if getting "very warm" might be worth getting a new better gauge wire.

Thanks.  It sounds like it is too hot to be good.  So you think it has more to do with the cord than the wall if the S4 has been running just fine at full hash rate for a 5 days now? What kind of power cable would you recommend for the S4 if I need a replacement?
19  Bitcoin / Hardware / Re: [Guide] Dogie's Comprehensive Bitmain Antminer S4 Setup [HD] on: October 17, 2015, 04:46:51 PM
Thanks!  Yes, I forgot that it took a few seconds to turn on.  I successfully turned it off for a about 8 hours so I could examine the power cord to make sure it was the correct one because it was getting very warm.  It was the right one.  Is that normal for it to get hot while operating - the cord?  I can still touch it, but it doesn't feel right.  Could this be an issue with the amount of power the outlet is providing or is it possible the cord is too old and I need a new one?  Thanks!
20  Bitcoin / Hardware / Re: [Guide] Dogie's Comprehensive Bitmain Antminer S4 Setup [HD] on: October 17, 2015, 06:03:33 AM
Ok I will wait then. I've also got this question. I'd like to use this miner part of the time. Does anyone know if it's safe to turn on and off the miner using the small button on the back next to the power supply? (By holding down the button for 3sec). I don't want to slowly wreck this machine but there's also no way that I can sleep with it on.

Thanks!

I can't find an answer to this question.  I am also trying to figure out how to safely turn off my new S4.  Can someone help me?  Thanks!

Yes PSU button is fine, no problems.

Thank you.  So I just press it for 3 seconds?  Or should I just press it normally like I would to turn it on?
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