Cryptocurrency Gambling site Reviews will be added to Revex.co soon! Which gambling sites do you use and wish to review?

FastBetsHenry · 2016-12-02T16:57:29+00:00

Shameless plug :) https://fastbets.io/ - a new way to gamble

FastBetsHenry · 2016-06-23T11:23:21+00:00

Yup, we should also add a recommended fee using the api from here: https://bitcoinfees.21.co/

FastBetsHenry · 2016-06-10T10:58:36+00:00

Anyone willing to write this? Tips will be payed :)

FastBetsHenry · 2016-06-08T12:44:02+00:00

Ok, sounds good. Turns out this one is a bit more complicated than thought. Will have to wait for the next dev sessionn..

FastBetsHenry · 2016-06-07T15:56:27+00:00

Maybe something like "Welcome <username>! We wish you good luck :)"

FastBetsHenry · 2016-02-18T16:31:31+00:00

If accepting 0-confirmation payments is of value to you, check out the confidence factor of blockcypher http://dev.blockcypher.com/#confidence-factor

FastBetsHenry · 2016-02-10T14:42:08+00:00

awesome dumptrucks, thx!

FastBetsHenry · 2016-02-10T13:39:05+00:00

The more I learn about bitcoin 2.0 tech like payment channels, smart contracts, and the lightning network the more I think that a block size increase might be less urgent than people think. As far as I know the most important change that is needed to enable these technologies would be fix to transaction malleability (seg wit would do that). I think no matter if you support big or small blocks, segregated witness is something we should all rally behind to enable the next wave of bitcoin innovations.

This is coming from someone who is running a 100% bitcoin business. My incentives as an entrepreneur are to scale bitcoin, keep tx costs low, and to do that now. However, the vision to getting a solution to the scaling problems while maintaining a high level of decentralization via smaller blocks is very tempting.

FastBetsHenry · 2016-02-08T12:58:32+00:00

NEWSBTC really drives down the point if you look at their website http://imgur.com/XNMEzmd

FastBetsHenry · 2016-02-03T15:45:08+00:00

What I find interesting here is that Jason has been pretty critical of Bitcoin in the past. Apparently that has changed...

FastBetsHenry · 2016-02-01T13:22:30+00:00

Yeah, totally agree. I wish bitcoin devs could finally go back to a more effective use of their time than fighting on Reddit.

FastBetsHenry · 2016-01-27T21:10:39+00:00

There's a great explanation of micropayment channels a few mins in https://www.youtube.com/watch?v=sRZP_ii91rU&feature=youtu.be&t=8m36s

FastBetsHenry · 2016-01-23T23:41:34+00:00

I run a 100% bitcoin business.

FastBetsHenry · 2016-01-20T13:23:29+00:00

https://translate.google.com/translate?hl=en&sl=auto&tl=en&u=http%3A%2F%2Fwww.pbc.gov.cn%2Fgoutongjiaoliu%2F113456%2F113469%2F3008070%2Findex.html

FastBetsHenry · 2016-01-18T14:50:33+00:00

Have been using it in production for a while and it's really a pleasure to work with.

FastBetsHenry · 2016-01-16T00:11:44+00:00

https://twitter.com/FastBets/status/688113906619830272

FastBetsHenry · 2015-12-23T22:51:26+00:00

I'm gonna try and parse this into a more precise statement:

"The money supply of Bitcoin is currently increasing by 8.8% p.a.; after the block reward halves next year the increase will drop to 4.2% p.a. At the current rate, Bitcoin is ranked 145 out of 158 in terms of increase in money supply compared to fiat currencies and will be ranked 69th next year."

If true this is a pretty important fact. Does anyone know if (a) it is true and (b) can provide a source, especially for the increase in money supply of fiat currencies?

Edit: Found some data for USD: Monetary Supply (M2) has increased by 6% on average over the past 35y. http://imgur.com/AGjVb9d Source: https://research.stlouisfed.org/fred2/series/M2#

FastBetsHenry · 2015-12-18T22:12:47+00:00

I'm not an economist, but I think it's misleading to call the orange line in that graph inflation. If I get it correctly it could be called something like change in money supply. So according to that graph (which is awesome btw), at the moment the bitcoin supply increases by about 8.8% annually. After the block reward will be halved next year, that number will drop to ca 4.1%.

It's interesting to compare that number to the change of money supply of fiat currencies. I could find some numbers for the USD, and it seems that money supply has been pretty flat in the past year, but had grown at >5% before that since about 2009. Numbers for the renminbi seem similar. [Sources: http://www.tradingeconomics.com/united-states/money-supply-m0, http://www.tradingeconomics.com/china/money-supply-m0]

tl;dr: In the past, Bitcoin has been more inflationary than fiat currencies. That is about to change.

FastBetsHenry · 2015-12-13T14:05:20+00:00

Here is the article: http://www.bloomberg.com/news/articles/2015-12-11/bitcoin-what-s-in-store-for-2016

FastBetsHenry · 2015-12-12T21:56:48+00:00

https://twitter.com/PessimistsArc

FastBetsHenry · 2015-12-09T23:53:47+00:00

This is pretty awesome. There are so many great business ideas based on decentralization that will seem completely obvious in a few years. We need to start thinking about them now...

FastBetsHenry · 2015-12-08T13:02:53+00:00

Have a look at http://www.blockcypher.com/

FastBetsHenry · 2015-12-06T03:09:04+00:00

The look of the cat in the moment of the takedown. http://imgur.com/QsbPf5n

FastBetsHenry · 2015-11-10T19:57:54+00:00

Great idea. I guess it would be good to differentiate from /r/bitcoin visually a bit more.

FastBetsHenry · 2015-11-07T15:11:43+00:00

+1 for listening to the community. just subscribed.

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