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08-27-2015 , 04:41 AM

#17576

Mihkel05

banned

Join Date: Jul 2015 Posts: 4,835

Quote:

Originally Posted by andr3w321

The average betfair fee is around 4.5% (laying 11 to 10).

This is actually incorrect. The prices offered have no effect on the fee betfair charges which is typically 5% (less whatever discount rate and premium charges you incur) on net winnings.

You can figure out the fee via their annual report, but please stop misrepresenting the math of exchanges.

Quote

$25m Guaranteed WPM on CoinPoker

Join the action now

Daily Rewards • Splash Pots • CoinRaces

09-01-2015 , 07:29 PM

#17577

fuluck414

veteran

Join Date: May 2012 Posts: 2,971

I love bitcoin as a premise, but as long as it is a volatile market it won't ever see major adoption. If the price ever stabilizes I could see huge amounts of people converting

Quote

09-02-2015 , 01:43 PM

#17578

TomCollins

Carpal \'Tunnel

Join Date: Jul 2003 Posts: 43,067

Quote:

Originally Posted by fuluck414

I love bitcoin as a premise, but as long as it is a volatile market it won't ever see major adoption. If the price ever stabilizes I could see huge amounts of people converting

I understand the whole volatility scaring people away, but surely price stability wouldn't drive anyone to Bitcoin by itself.

In fact, the volatility has probably driven more people to it than otherwise would have.

Quote

09-02-2015 , 09:18 PM

#17579

TimM

Carpal \'Tunnel

Join Date: Jan 2004 Posts: 9,885

Quote:

Originally Posted by fuluck414

I love bitcoin as a premise, but as long as it is a volatile market it won't ever see major adoption. If the price ever stabilizes I could see huge amounts of people converting

The volatility has been dropping over time, and could approach the levels of major currency pairs in a few years. That said, a lot of people don't like the volatility of the major currency pairs that much either.

Quote:

Latest 30-Day Estimate
4.05%

Latest 60-Day Estimate
3.37%

How volatile is Bitcoin relative to gold and other currencies?

For comparison, the volatility of gold averages around 1.2%, while other major currencies average between 0.5% and 1.0%.

https://btcvol.info/

Quote

09-04-2015 , 12:20 PM

#17580

mprower92

enthusiast

Join Date: Aug 2015 Posts: 86

Anyone have any experience using BitCoinFog and is it worth the 1%-3% fee on every deposit?

Quote

09-04-2015 , 11:07 PM

#17581

paz5050

journeyman

Join Date: May 2008 Posts: 291

Quote:

Originally Posted by mprower92

Anyone have any experience using BitCoinFog and is it worth the 1%-3% fee on every deposit?

no, but I've used bitmixer.io, lower fee, worked perfectly every time

Quote

09-04-2015 , 11:19 PM

#17582

paz5050

journeyman

Join Date: May 2008 Posts: 291

Quote:

Originally Posted by housenuts

I will probably take this: https://www.coursera.org/course/bitcointech

just signed up. Many thanks

Quote

09-10-2015 , 08:28 PM

#17583

theskillzdatklls

Pooh-Bah

Join Date: May 2008 Posts: 4,920

$40M+ vc money this week. i wonder if we wake up one day and bitcoin will just seem like its always been there to the masses like smart phones. btc infrastructure is still complete garbage imo.

Quote

09-10-2015 , 11:02 PM

#17584

mprower92

enthusiast

Join Date: Aug 2015 Posts: 86

Why is the btc infrastructure completely garbage?

Quote

09-11-2015 , 10:33 AM

#17585

Mihkel05

banned

Join Date: Jul 2015 Posts: 4,835

Quote:

Originally Posted by mprower92

Why is the btc infrastructure completely garbage?

For starters there isn't even a global remittance provider.

Quote

09-12-2015 , 01:40 AM

#17586

mprower92

enthusiast

Join Date: Aug 2015 Posts: 86

Quote:

Originally Posted by Mihkel05

For starters there isn't even a global remittance provider.

That's exactly the reason why many people use bitcoin. If there were a global remittance there would be fees, taxes, exchange rates and a lot of other things to worry about. People who use bitcoin definitely aren't looking for all of that.

Quote

09-12-2015 , 06:04 AM

#17587

Mihkel05

banned

Join Date: Jul 2015 Posts: 4,835

Quote:

Originally Posted by mprower92

This comment makes no sense. Here is a good article detailing what infrastructure people are looking for to come with "money".

http://startupmanagement.org/2015/09...ampaign=buffer

Quote

09-12-2015 , 10:55 AM

#17588

mprower92

enthusiast

Join Date: Aug 2015 Posts: 86

That is the infrastructure people look for when they try to find their bank of choice. But again some people do not look for or want that in bitcoin. A lot of people use bitcoin because of it's privacy and anonymity and because they don't want to have to attach their name to it.

People give up safety and security to use bitcoin.

Quote

09-14-2015 , 03:22 PM

#17589

Alex Wice

aka Double Ice

Join Date: Jun 2007 Posts: 5,950

Really interesting idea I saw on r/bitcoin, I'm not gonna link the guy's proof of concept and I don't think that POC will take off, but here is the idea:

Imagine on reddit or whereever your vote is weighted by how many bitcoins you can sign. You don't transfer you just prove you own those bitcoins as you vote. If cleverly utilized (and there are quite a few hurdles) it can be a powerful way to make votes more legitimate.

Quote

09-14-2015 , 04:33 PM

#17590

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 57,228

Quote:

Originally Posted by Alex Wice

Imagine on reddit or whereever your vote is weighted by how many bitcoins you can sign. You don't transfer you just prove you own those bitcoins as you vote. If cleverly utilized (and there are quite a few hurdles) it can be a powerful way to make votes more legitimate.

huh. why are rich peoples votes more legitimate?

Quote

09-14-2015 , 08:59 PM

#17591

Alex Wice

aka Double Ice

Join Date: Jun 2007 Posts: 5,950

It's not more legitimate, however you have to compare it to something. VS the current system which has effectively no stakes, it is much more resistant to attacks. For example on reddit right now to get something upvoted to the top has significant advertising value, and can be done. This makes it much more expensive to do that. Because the sum of wealth held by poor people can actually rival a rich adversary.

Sent from my SM-G925W8 using 2+2 Forums

Quote

09-17-2015 , 10:32 AM

#17592

mprower92

enthusiast

Join Date: Aug 2015 Posts: 86

Where is the best place to buy bitcoins instantly without using one of those exchanges where you have to go make a deposit into someone's bank account? I have Coinbase and Circle but these have limits and aren't really instant after you go over the limit.

Quote

09-17-2015 , 12:00 PM

#17593

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 57,228

localbitcoins

Quote

09-17-2015 , 03:07 PM

#17594

mprower92

enthusiast

Join Date: Aug 2015 Posts: 86

Quote:

Originally Posted by housenuts

localbitcoins

I thought for that you had to meet people in real life with cash. But thanks I'll check it out.

Quote

09-17-2015 , 04:47 PM

#17595

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 57,228

^ this is true. Hence why it's the best place to buy bitcoins instantly without using one of those exchanges where you have to go make a deposit into someone's bank account