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IOTUSA
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April 11, 2016, 01:10:58 PM |
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WTF! Where is a linux wallet?
Just build one yourself from Git. That's the whole point of Linux. I can't. Get errors. PM OP. |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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orryde
Sr. Member
 Offline
Activity: 476
Merit: 500
Re-Evolution
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April 11, 2016, 01:14:43 PM |
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Anyone received their coins already ??
Yeah not just anyone, but everyone has. |
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Dogedigital
Legendary
Offline
Activity: 1330
Merit: 1000
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April 11, 2016, 01:16:10 PM |
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That's not how anything of this works but sure.
Can you work us through some examples then? I'm not the best person to do it as I've already misstated a few figures and also didn't realize that the 2% fee is only on the losing side. I understand that it is a business and ROI is extremely hard to achieve in the short term, but am very interested in getting a ball park of when that would be. |
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IOTUSA
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April 11, 2016, 01:29:52 PM |
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That's not how anything of this works but sure.
Can you work us through some examples then? I'm not the best person to do it as I've already misstated a few figures and also didn't realize that the 2% fee is only on the losing side. I understand that it is a business and ROI is extremely hard to achieve in the short term, but am very interested in getting a ball park of when that would be. I just think that your numbers are way on the wrong side for a high growth startup in this area multiples of 50-100x profit isn't strange at all, making your calculations very 'glass half empty'. |
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wheelz1200
Legendary
Offline
Activity: 3612
Merit: 1406
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April 11, 2016, 01:39:23 PM |
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cant wait for nba to be live on the website. is anyone else going to be hitting nba once playoffs comes?
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Dogedigital
Legendary
Offline
Activity: 1330
Merit: 1000
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April 11, 2016, 02:01:52 PM |
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That's not how anything of this works but sure.
Can you work us through some examples then? I'm not the best person to do it as I've already misstated a few figures and also didn't realize that the 2% fee is only on the losing side. I understand that it is a business and ROI is extremely hard to achieve in the short term, but am very interested in getting a ball park of when that would be. I just think that your numbers are way on the wrong side for a high growth startup in this area multiples of 50-100x profit isn't strange at all, making your calculations very 'glass half empty'. I'm not trying to make an evaluation at all. I'm strictly trying to figure out ROI based off their income model which I now believe to be 2% fees on the losing side. Calculations can't be half full or half empty if they're based on factual figures (I believe I'm somewhat off, so I'm asking for a better calculation). Unless I'm missing something (I may very well be and that's why I'm asking ScamFinder to chime in), that would mean that in order to generate $1,000,000 (using this figure because they're selling 10% of profits for $100,000), they'd need to at least have $50,000,000 (more assuming that 2% is only on losing side?) in betting volume. |
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Mr.Ease
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April 11, 2016, 02:13:49 PM |
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That's not how anything of this works but sure.
Can you work us through some examples then? I'm not the best person to do it as I've already misstated a few figures and also didn't realize that the 2% fee is only on the losing side. I understand that it is a business and ROI is extremely hard to achieve in the short term, but am very interested in getting a ball park of when that would be. I just think that your numbers are way on the wrong side for a high growth startup in this area multiples of 50-100x profit isn't strange at all, making your calculations very 'glass half empty'. yes, can you please explain why you state your not the best person to to calculate ROI or understanding figures, tho your quite quick to throw out some botched calculations and negativity surrounding this investment... Trolling perhaps? Do you invest in wall street; stocks or securities? Look at some of those evaluations: Fitbit -> huge pump after ico, crap now: Bio-pharm, 50-1000x valuations without a working product and burning through cash like it was toilette paper: Enron, lets not go there: The list goes on and on... Simply put, GBT is an investment; as long as there is hype, a growing user base, increasing revenue and profit stream, and consistant dividends.. these coins are going to be evaluated way above the "Actual" company value... I dont know if you can actually make an argument on a company valuation and expect this coin to be at that price, crypto doesn't seem to follow traditional rules... But feel free to keep trying. |
~ Too Many Scams, Schemes, and Shitcoins... ~
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edmundduke
Legendary
Offline
Activity: 1624
Merit: 1007
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April 11, 2016, 02:20:16 PM |
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That's not how anything of this works but sure.
Can you work us through some examples then? I'm not the best person to do it as I've already misstated a few figures and also didn't realize that the 2% fee is only on the losing side. I understand that it is a business and ROI is extremely hard to achieve in the short term, but am very interested in getting a ball park of when that would be. I just think that your numbers are way on the wrong side for a high growth startup in this area multiples of 50-100x profit isn't strange at all, making your calculations very 'glass half empty'. I'm not trying to make an evaluation at all. I'm strictly trying to figure out ROI based off their income model which I now believe to be 2% fees on the losing side. Calculations can't be half full or half empty if they're based on factual figures (I believe I'm somewhat off, so I'm asking for a better calculation). Unless I'm missing something (I may very well be and that's why I'm asking ScamFinder to chime in), that would mean that in order to generate $1,000,000 (using this figure because they're selling 10% of profits for $100,000), they'd need to at least have $50,000,000 (more assuming that 2% is only on losing side?) in betting volume. Yes. They "evaluated" their company at 1 mil $ and to make 1 mil $ they would need people to loose 50,000,000$ on their site. A thing to keep in mind. Since the profit is taken from loosing side it means it will take quite a bit longer as most players put money on the side they think will win. Or they will put smaller amounts on the loosing side. So it will take considerably longer to ROI. Interested in seeing how it plays out for the users. I might get some coins from the market at some point when they are around 200-300 sat range, maybe less. EDIT: OP is it possible to get the levels from the ICO by buying coins off the market ? Or was that just for people who put in btc |
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IOTUSA
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April 11, 2016, 02:48:42 PM |
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That's not how anything of this works but sure.
Can you work us through some examples then? I'm not the best person to do it as I've already misstated a few figures and also didn't realize that the 2% fee is only on the losing side. I understand that it is a business and ROI is extremely hard to achieve in the short term, but am very interested in getting a ball park of when that would be. I just think that your numbers are way on the wrong side for a high growth startup in this area multiples of 50-100x profit isn't strange at all, making your calculations very 'glass half empty'. I'm not trying to make an evaluation at all. I'm strictly trying to figure out ROI based off their income model which I now believe to be 2% fees on the losing side. Calculations can't be half full or half empty if they're based on factual figures (I believe I'm somewhat off, so I'm asking for a better calculation). Unless I'm missing something (I may very well be and that's why I'm asking ScamFinder to chime in), that would mean that in order to generate $1,000,000 (using this figure because they're selling 10% of profits for $100,000), they'd need to at least have $50,000,000 (more assuming that 2% is only on losing side?) in betting volume. Yes. They "evaluated" their company at 1 mil $ and to make 1 mil $ they would need people to loose 50,000,000$ on their site. A thing to keep in mind. Since the profit is taken from loosing side it means it will take quite a bit longer as most players put money on the side they think will win. Or they will put smaller amounts on the loosing side. So it will take considerably longer to ROI. Interested in seeing how it plays out for the users. I might get some coins from the market at some point when they are around 200-300 sat range, maybe less. EDIT: OP is it possible to get the levels from the ICO by buying coins off the market ? Or was that just for people who put in btc The initial valuation will be based pretty much on 'promise' alone. When we see actual revenue and growth valuation will likely be in very large multiples as gamebet operates in an area (esports) that is growing multiples of 100% a year, and there are limited competition. I don't pretend to know what we will see, but I wouldn't be surprised if we see the ICO coins carry over $5 million in valuation due to potential alone. Something possible that can't be discounted is also that the gamebet coins are adopted as a means of ICO or crowdfunding by other gambling entities. It would be easy to use them as crypto-collateral for another venture, with or without the approval of gamebet. Once a crypto holds value, it's 'wild'. A lot is going to hinge on getting the coin to exchanges, and for the team to work on UI and Marketing. If gamebet provides a slick user experience and marketing is done right this could get HUGE! |
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dannyman
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April 11, 2016, 02:53:26 PM |
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That's not how anything of this works but sure.
Can you work us through some examples then? I'm not the best person to do it as I've already misstated a few figures and also didn't realize that the 2% fee is only on the losing side. I understand that it is a business and ROI is extremely hard to achieve in the short term, but am very interested in getting a ball park of when that would be. I just think that your numbers are way on the wrong side for a high growth startup in this area multiples of 50-100x profit isn't strange at all, making your calculations very 'glass half empty'. I'm not trying to make an evaluation at all. I'm strictly trying to figure out ROI based off their income model which I now believe to be 2% fees on the losing side. Calculations can't be half full or half empty if they're based on factual figures (I believe I'm somewhat off, so I'm asking for a better calculation). Unless I'm missing something (I may very well be and that's why I'm asking ScamFinder to chime in), that would mean that in order to generate $1,000,000 (using this figure because they're selling 10% of profits for $100,000), they'd need to at least have $50,000,000 (more assuming that 2% is only on losing side?) in betting volume. Yes. They "evaluated" their company at 1 mil $ and to make 1 mil $ they would need people to loose 50,000,000$ on their site. A thing to keep in mind. Since the profit is taken from loosing side it means it will take quite a bit longer as most players put money on the side they think will win. Or they will put smaller amounts on the loosing side. So it will take considerably longer to ROI. Interested in seeing how it plays out for the users. I might get some coins from the market at some point when they are around 200-300 sat range, maybe less. EDIT: OP is it possible to get the levels from the ICO by buying coins off the market ? Or was that just for people who put in btc Awesome!! people FUDing already using false information and half truths.....just to get things clear you think 10% of this company is worth $17,000......umm ok.... Almost all coins are speculated on based on hope of future earnings when in reality most of these projects don't make a single dollar. This coin has built in profit. So better way of look at it is if the company is worth 1m then actually its only needs to make 100,000 dollars a year to have a p/e ratio of 10 which makes it cheap based on most stocks. So if in a couple of years this company makes 1million dollars then its actual value in line with any normal stock is 10m....actually. The truth is this site has potential to make millions....maybe it won't, maybe it will but it will at least make a decent amount I'm sure. Plus you don't understand modern betting sites that make money even when people win...its basic understanding of casinos and betting sites that the maths are on the side of the house....ie the House always wins dummy....you think betting sites lose money if people bet well? lol |
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edmundduke
Legendary
Offline
Activity: 1624
Merit: 1007
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April 11, 2016, 02:59:09 PM |
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That's not how anything of this works but sure.
Can you work us through some examples then? I'm not the best person to do it as I've already misstated a few figures and also didn't realize that the 2% fee is only on the losing side. I understand that it is a business and ROI is extremely hard to achieve in the short term, but am very interested in getting a ball park of when that would be. I just think that your numbers are way on the wrong side for a high growth startup in this area multiples of 50-100x profit isn't strange at all, making your calculations very 'glass half empty'. I'm not trying to make an evaluation at all. I'm strictly trying to figure out ROI based off their income model which I now believe to be 2% fees on the losing side. Calculations can't be half full or half empty if they're based on factual figures (I believe I'm somewhat off, so I'm asking for a better calculation). Unless I'm missing something (I may very well be and that's why I'm asking ScamFinder to chime in), that would mean that in order to generate $1,000,000 (using this figure because they're selling 10% of profits for $100,000), they'd need to at least have $50,000,000 (more assuming that 2% is only on losing side?) in betting volume. Yes. They "evaluated" their company at 1 mil $ and to make 1 mil $ they would need people to loose 50,000,000$ on their site. A thing to keep in mind. Since the profit is taken from loosing side it means it will take quite a bit longer as most players put money on the side they think will win. Or they will put smaller amounts on the loosing side. So it will take considerably longer to ROI. Interested in seeing how it plays out for the users. I might get some coins from the market at some point when they are around 200-300 sat range, maybe less. EDIT: OP is it possible to get the levels from the ICO by buying coins off the market ? Or was that just for people who put in btc Awesome!! people FUDing already using false information and half truths..... What exactly is FUD there ? Or what is the half truth, please point it out. Please educate us |
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IOTUSA
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April 11, 2016, 03:06:43 PM |
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look up fella....lol
No need to defend the project, every ICO has a few people that missed the boat whining in the announcement thread trying to buy cheap from insecure investors. |
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dannyman
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April 11, 2016, 03:08:02 PM |
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look up fella....lol
No need to defend the project, every ICO has a few people that missed the boat whining in the announcement thread trying to buy cheap from insecure investors. True....good to show them up for what they are though still. |
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chickenfried12
Legendary
Offline
Activity: 1120
Merit: 1003
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April 11, 2016, 03:09:55 PM |
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look up fella....lol
No need to defend the project, every ICO has a few people that missed the boat whining in the announcement thread trying to buy cheap from insecure investors. How many 1 million dollar market cap coins that promise nothing? |
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Pietpiraat
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April 11, 2016, 03:12:29 PM |
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So which exchanges are we on now ??
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dannyman
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April 11, 2016, 03:13:23 PM |
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look up fella....lol
No need to defend the project, every ICO has a few people that missed the boat whining in the announcement thread trying to buy cheap from insecure investors. How many 1 million dollar market cap coins that promise nothing? Most of them dude....what is the intrinsic value of Dogecoin? if say everyone decided to sell them and the value went to zero? what would you get? If the value of this coin went to zero you would still own 10% of the profits of a real company. Plus I got to correct you the market cap of the coin is $112,000 |
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edmundduke
Legendary
Offline
Activity: 1624
Merit: 1007
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April 11, 2016, 03:20:36 PM |
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What do you exactly mean by that link ? Its clearly stated that GameBet will take 2% as rake from the loosing side. And for them to make 1mil$ they need peopel to loose 50mil$ on the site. Its basic math. Not that it matters anything value wise, but that is what dogedigital was asking and that is what i answered. Also 50/50 odds are extremely rare and in e-sports betting 80% or more is put on the side of the favorite. Making gains slower. What exactly is FUD there ? I understand that you feel touched and want to defend the coin and your investment. But you need to realize i say'd nothing bad about the coin nor the business plan in that statement. I simply stated things as they stand. |
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jc12345
Legendary
Offline
Activity: 1638
Merit: 1013
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April 11, 2016, 03:22:10 PM |
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WTF! Where is a linux wallet?
Just build one yourself from Git. That's the whole point of Linux. I can't. Get errors. cd ~/GameBet/src/leveldb or wherever you put the source chmod +X build_detect_platform or chmod 755 build_detect_platform Try again |
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cryptonoob312
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April 11, 2016, 03:23:47 PM |
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That's not how anything of this works but sure.
Can you work us through some examples then? I'm not the best person to do it as I've already misstated a few figures and also didn't realize that the 2% fee is only on the losing side. I understand that it is a business and ROI is extremely hard to achieve in the short term, but am very interested in getting a ball park of when that would be. I just think that your numbers are way on the wrong side for a high growth startup in this area multiples of 50-100x profit isn't strange at all, making your calculations very 'glass half empty'. I'm not trying to make an evaluation at all. I'm strictly trying to figure out ROI based off their income model which I now believe to be 2% fees on the losing side. Calculations can't be half full or half empty if they're based on factual figures (I believe I'm somewhat off, so I'm asking for a better calculation). Unless I'm missing something (I may very well be and that's why I'm asking ScamFinder to chime in), that would mean that in order to generate $1,000,000 (using this figure because they're selling 10% of profits for $100,000), they'd need to at least have $50,000,000 (more assuming that 2% is only on losing side?) in betting volume. Yes. They "evaluated" their company at 1 mil $ and to make 1 mil $ they would need people to loose 50,000,000$ on their site. A thing to keep in mind. Since the profit is taken from loosing side it means it will take quite a bit longer as most players put money on the side they think will win. Or they will put smaller amounts on the loosing side. So it will take considerably longer to ROI. Interested in seeing how it plays out for the users. I might get some coins from the market at some point when they are around 200-300 sat range, maybe less. EDIT: OP is it possible to get the levels from the ICO by buying coins off the market ? Or was that just for people who put in btc 200-300sat lmfao goodluck with that bro. sorry you missed the ico. |
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