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After hundreds of year it's impossible to predict what will happen with Bitcoin, it's important to know Bitcoin only exists in virtual world, without technology and internet, Bitcoin would be worthless... Gold is material, it will always exist if we know how to store and keep it. I believe on long term, hundreds of years, the material item (gold) worth more than the virtual one.
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Earning bitcoin is the best job for today.while your in bed you can work with pay for bitcion.
Its easy to earn in bitcoin.
That's why peole panic on bitcoin now because it cost a high price,people in our place almost wanting to have it.ý
Being a freelancer also gives you an opportunity to earn money at home. They will pay you via credit card or paypal. You can do this job before Bitcoin existed on this planet. Bitcoin is only a new way which give people more choices to work on the internet You'll go out tonight to try it out there that a freelancer on the Internet Can earn good Bitcoin on compared to how they earn on trading or in gambling The freelancer works a lot, but gets less. As freelancer you can get the initial money to start trading, but I must say it's not easy and very risky, high chances to lose money while trying to make profit from this activity. Gambling isn't a good source of income, as most people are losing money from it. Depending the jobs you take as freelancer you can make a good profit, but it's necessary to have many skills to be able to work this way. |
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I believe it's much harder to understand 100% how things work with Crypto-Currency if you are not a Developer/Programmer. You can understand the basic, especially by practing on daily life when using it and when reading about some currently issues in Crypto-Currencies and principally Bitcoin. Anyway, you don't need to understand everything to start using it, it's like fiat, most people don't know how that works, but they are using it.
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I don't see a potential scenario where the US dollar falls so much because the American economy is still very important and strong, and I think it is more likely to see a great failure in the altcoin economy rather than in the American hegemony, at least for the next 30 years.
I agree with you, there is not reason at this moment to see the Dollar falling. It's too hard to think about it now because makes no sense. Another currency would become powerful like Dollar is now, maybe Bitcoin, but only if it's used as currency and not asset as we use it now. |
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It's possible to happen in the future. Another way would be to implant chips inside people for the same reason you are saying about tatoos.
I don't like the idea and I wouldn't use any of the methods. Thiefs could kidnap you to use your tatoo to have access to your accounts, or they could cut your skin to get your tatoo and use it.
And I think these two things (body and ID informations) must be separeted as it always was. It's a signal the man is being leaded to the greedy as body and financial reasons were fused in one place (your skin).
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Let's assume you have a bankroll of 100 bitcoin.
Lets up our base bet to 7 satoshi. That makes bet #30 cost 37.58xxx bitcoin. What the hell are the odds of losing a 50/50 bet 30 times?
Let’s do the math. You roll and the chance to lose is 50% (Given house edge your odds are slightly worse than what I am about to illustrate).
So one loss is .5 (50%). Losing a second time is only a 25% chance (.5 * .5 = .25), a 1 in 4 chance (to find that, divide 1 by the decimal, .25). Losing a 3rd time in a row is 1 in 8... .5 * .5 * .5 = .125. So to figure out the odds for losing 30x in a row:
.5 * .5 * .5 * .5 * .5 * .5 * .5 * .5 * .5 * .5 * .5 * .5 * .5 * .5 * .5 * .5 * .5 * .5 * .5 * .5 * .5 * .5 * .5 * .5 * .5 * .5 * .5 * .5 * .5 * .5 = .000000000931, which is, as a percentage (multiply by 100 to get the percentage) .0000000931% chance. And to see that in more easy to understand numbers, the chance of missing a 50/50 bet 30 times in a row is a 1 in 1,073,741,824 chance. One in a billion. One in a BILLION chance of losing 30 times in a row. The price you pay for those odds is winning 7 satoshi on a bet. As I write this, 7 satoshi is valued at 1.58 thousandths of a US penny. So you would need to win 632 times to earn a penny. And you are risking 75 bitcoin, $17,000, to do so (your total losses if you miss 30 rolls in a row).
So, you start betting. Each time you bet, if you win, you net 7 satoshi. If you lose, you keep doubling until you win, and you win 7 satoshi. Keep in mind you're risking 75 bitcoin if you lose. But, what are the chances, it's 1 in a BILLION odds, right?
So you win and win and win, and a few hours later, you're up... what? 9 cents?
You have 75 bitcoin on the line, impossible to lose at 1 in a billion odds. And if you HAVE 75 bitcoin to risk, I'm going to assume you'd like to get more than a few pennies for your time. So let’s say your goal is 5 bitcoin. About 15% of your risk. So let’s run some numbers... you're not getting 7 satoshi per BET, you're getting it per WIN, so it's not 5 divided by .00000007. It's actually somewhere about double that, given the losses that 'waste' bets. The actual math behind that, I'll get into in a moment. But for now, suffice it to say that 10,000 bets nets you about .000335 bitcoin. So to get one whole bitcoin, that would take about 29,771,000 rolls. 29,771,000 / 2 * 7 satoshi = 1.041 bitcoin.
So, therefore, to earn 5 bitcoin, you'd need to make 148,855,000 rolls.
Of those 144.9 million rolls, you have about 74.45 million "cycles". A cycle is you drop the die, and you either win, or you roll until you do win. And that's simple to show: 74.45 million times 7 satoshi is 5.20975 Bitcoin, our target winnings. Make sense? Each individual ROLL does not have a 1 in a billion shot of missing 30 times - that's impossible, a single roll cannot miss 30 times. A cycle of rolls can, a single roll series as an attempt to win can. So we're going to use the number of "wins" or cycles.
1 in a billion odds. What are the chances? When you attempt 74.45 million cycles, or wins, the odds of hitting that 1 in a billion are 1 in 14.42 odds. How? You divide your 74.45 million rolls into your 1 in a billion odds. It comes out to 14.42something. You roll bets for over a week, risking 75 bitcoin to win 5, and reduce your 1 in a billion odds to
1 in 15 roughly. That is one hell of a time commitment to risk 75 bitcoin to win just 5!
What if we wanted to say screw wasting so much time and bets. Pull up the betting screen. Put in 75 BTC for a bet, and set the % chance to win to 93.412%. Your winnings would be 5.209125 BTC, DAMN close to the 5.20975 we were hoping to win. So we hit roll, and we either win, or lose.
What are the chances of winning at 93.412%? Well that’s simple. 100% - 93.412% = 6.588% we have a 93.412% chance to win 5, and a 6.588% chance to lose 75 bitcoin.
Let’s turn 6.588% into a decimal... we divide by 100. That’s .06588. Anyone want to take a guess as to what 1 divided by .06588 is?
1 / .06588 is 15.17.
Wait. What? If I bet 75 bitcoin at 93.412% odds (1 in 15ish) I can win 5.2 bitcoin - or I can bet 7 satoshi, martingale, doubling, risking a possible loss of 75 bitcoin at a 1 in 14.42 odds? Isn't that funny how math works out?
Your odds are actually better to make the single roll.
With such amounts of Bitcoins it's much better to invest in casino bankroll. 75 BTCs ~ $150.000,00. Possible to make good percentages of profit every week, maybe 0.3%-1% (most common), what means $450-$1500. No martingale, no effort making thousands or millions of bets to earn 7 satoshis per bet... The risk you take by playing on long term doesn't worth the return you can receive. |
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Hello, I'm trying to claim some free BTCs from your faucet, but it says my balance must be zero (and it's zero at this moment).
Why can't I claim from the faucet?
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Sorry but I haven't seen this question for some time now so I just had to ask  I heave heard that was guy who was killed by FBI. If you rally start to dig into it there is no real answer. All current satoshis have lost their priv keys  hahaha... Therre is many people to claim to be satoshi while noone really is and this is good myth. Nobody knows if he have lost the private keys and consequently all their stored Bitcoins. I don't believe this guy was killed, he can come back any time, get his money, sell everything and cause a bit of confusion in Crypto-Currency world. The only thing I know is that this anonymous guy is very rich with all Bitcoins he has. |
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Could you give some info on how many active players are there?? the members page shows around 800, but I'm sure that not all of them are active since there are many with 0 earnings and upgrades.
It is changing every day. Today we had 57 people online. Some days ago we had over 100. It seems that during the week more people are online compared to weekends. I guess more people send some time at work playing too If you launch some events on weekends or on the hours there are less members active, maybe more people stay online all the time. Events like x2 rewards for X hours... Or +15% gold production for X hours... |
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Nobody asks me too about Bitcoin, many people don't know about Crypto-Currency where I live, maybe nobody knows about it here, so they don't have any idea about it and its price that hitted $2000. Just sometimes in near cities I can hear some people talking about Bitcoins, but they don't use it, just speculate a bit about the subject and I stay quiet, just listening.
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I do not like trump, the reason is because he is too cocky and very racist
When you are making such outrageous allegations, you must back it up with evidence. Do you have any evidence with you (video clips or audio recordings) to prove that Trump is racist? This guy is just reproducing the leftist mantra: racist, fascist, sexist, nazist, homophobic! |
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I don't think too much to choose the numbers, I choose somehow random, however I don't play this kind of game very much because the chances are too low, the maximum I earned was maybe 3x the price of the lottery ticket... Doesn't worth very much, Dice game is much better as you can set more configurations in game.
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I wouldn't use a wallet for all my Bitcoins, in my opinion the best option is to let your money always working for you, what means you could split all your funds among investment sites like casinos and any other trusted site generating passive income for you. Splitting money reduces the chances to be scammed and increases the chance of profit.
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While I'm holding my BTCs, I'm threating it as "store of wealth", when I sell it I'm threating Bitcoins as "Speculative Asset", selling it and making some profit over the BTCs, but with intention to buy again later to continue this process in looping. I think option one seems like medium term investment and option two seems like long term investment.
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... Exchange is a private service and if they are in common agreement with USA regulamentation, they have the obligation to follow it.
...
I have to mention: There is no US regulation prohibiting a whole nation from cryptocurrency trading, even with fiat currencies and specially USD (I have no interest in crypto/fiat trading thou). Lawyers can tell you about the nature and extents of Iran sanctions and their limited set of targets... Poloniex just overuses some regulations. Why? I tell you... By practicing discriminations against a fraction of people you reserve a right for yourself to do it more in the future and against new fractions of interest. This is why I believe that imposing discrimination against one person is not simply an unfortunate accident happened to her it is definitively an alarm of danger for the modern society. And a word for your inception of the concept of a 'private service': No service or company is and can be "private" in an absolute sense, actually the term 'private service/company' is not an exact expression, it is rather 'privately hold service/company'. One can not run a public service privately, it sounds paradoxical. Doesn't it? Take it easy, if someone doesn't want me at his house, I won't go there, if someone doesn't want me at his restaurant, I won't go there, if someone doesn't want me at his Exchange, I won't use their service... There are another online Exchanges to use. But if you think you have a legal backing, you can hire a lawyer and you together can try an action against Poloniex. |
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Very nice theme, it makes your faucet look very different from default faucets.
Got 50 satoshis, a low reward for 60 minutes faucets, but good to know we have the possibility to earn up to 1000 satoshis when claiming. Good luck, if you has knowledge about programming and this kind of stuff you can add even more features on your site to make it more interesting and to make people spend more time on it.
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How to forbid people to create big mine businesses as it's decentralized? The decentralization allows people to create businesses strong enough to control the decentralized world... If there is someway to forbid/don't allow this, it's because it's not 100% decentralized...
To say the truth, I never saw anything really decentralized, Bitcoin is the first thing I'm seeing, it's a experiment for the world history to test if it really works or not.
you don't have to forbid it to prevent centralization. it can be the other way too, like having mining power coming from other places. for example i know that Georgia has started to show a lot of mining power lately and has been becoming big. imagine if we had mining farms coming from a couple more countries in the world, that would automatically spread things. and it is like this now but the others are small compared to mining farms in China and they need to get bigger. Hmm, that is good. If every country has interest in starting a business like that, the decentralization can work well. But there is still the possibility of all or most mine businesses continue without reach to a consensus to solve the issues that must be solved soon as possible. If they want only profit, things will continue like now, they won't be worring very much about the functionality and the impasse continues. |
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There is literally no need to use freebitco.in as a wallet, they advertise as good wallet because their transaction fee will be higher than other wallets use.
Which is totally bullshit, because you can use your own custom transaction fee with most other wallets, even other online wallets i.e blockchain.info allow you to set your own fee.
If I had to pick one online wallet and use it, feebitco.io would be way down on my list of good wallets.
But you receive passive income just by letting your money laid there. Small income, but better than another online wallets which doesn't provide any daily income... Online services always present risk, but Freebitco.in is alive since 2013 and there aren't complaiments about their service. I believe the risk you take by using another online wallets is the same risk you take by using Freebitco.in as wallet. |
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How to forbid people to create big mine businesses as it's decentralized? The decentralization allows people to create businesses strong enough to control the decentralized world... If there is someway to forbid/don't allow this, it's because it's not 100% decentralized...
To say the truth, I never saw anything really decentralized, Bitcoin is the first thing I'm seeing, it's a experiment for the world history to test if it really works or not.
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