Monday, July 28, 2014
Nitrogen Sports has an intriguing design and a wonderful anonymous aspect to it that is unparalleled in the online sports gambling business. They offer competitive lines and spreads and carry a variety of games that are frequently updated. Furthermore, Nitrogen Sports on Bitcointalk.org provides excellent customer service for anyone experiencing problems with their site. Although it has been a victim of DDoS attacks a couple of times in the past few months, the site has never been down for more than a few hours and they keep the public as informed as they can during the process. When you first go to the website you are given a private address that serves as your log-in and username. You must keep this safe as it directly is linked to your account! You can then deposit the desired amount of Bitcoin and begin gambling away. The minimum amount required is 0.001BTC (or 1mBTC) and you can do up to 10 team parlays across as many sports as you desire. The anonymity of gambling on the site gives it a very safe yet professional feel. There are not many other sports betting sites to my knowledge that allow you to gamble without creating an account with their site. That is one of the sexiest features of Nitrogen Sports and the reason that I prefer them over the other sites that you can use. After all, if you are using the site to bet with Bitcoins in a country where sports betting is difficult (such as the USA) then being anonymous should be at the forefront of your “wish list” for a gambling site. That being said, there are a couple of downsides and features that you will not get with this site that you could find on other places on the internet. There are alternative websites that allow you to adjust the spread on games and also allow betting by various intervals. For example, some sites will allow you to take a -3 point spread or adjust it however you want so that you can bet -5 or -7 if you have stronger feelings for the game than the odds makers. Doing so will increase your payout for the bets, and thus will give you a wider variety of choices on parlays and betting strategies. While Nitrogen Sports does offer 1st and 2nd half betting lines on the majority of USA sports, it does not offer any further breakdowns or adjustable spreads. You cannot place a bet on each quarter of the game like on other sites. Another downside is that if you are planning on betting on Soccer (Football for you non-Americans) then you had better know which league the team is playing in. The Soccer section has a ton of leagues and even if there are no games for that particular league for a couple of weeks, they are still listed. I have suggested reworking this to Ryan (their representative on Bitcointalk) and it is something they are working on for NitrogenSports v2 which will be coming soon. All in all, the layout is easy to use, you can bet after zero confirmations from a deposit, and the payout is automatic and completely anonymous. The downsides are far outweighed by the ingenuity of the site and this remains a top choice for anyone who wants to do sports gambling with Bitcoins. As always gamble at your own risk!
Posted by hifi7 at 10:35 AM
Friday, July 25, 2014
New Button for buying Bitcoins was added under the wallet picture on the right at your request please buy few Bitcons before enrolling in our class for larger amounts there are better rates but more difficult also depending on your location there might be ATM machines for map checkout: bitcoinatmmap.com have a nice weekend
Posted by hifi7 at 11:45 AM
Wednesday, July 23, 2014
Warren Buffett is perhaps the greatest investor of all time, and he has a simple solution that could help an individual turn $40 into $10 million. A few years ago, Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) CEO and Chairman Warren Buffett spoke about one of his favorite companies, Coca-Cola (NYSE: KO), and how after dividends, stock splits, and patient reinvestment, someone who bought just $40 worth of the company's stock when it went public in 1919 would now have more than $5 million. Yet in April 2012, when the board of directors proposed a stock split of the beloved soft-drink manufacturer, that figure was updated and the company noted that original $40 would now be worth $9.8 million. A little back-of-the-envelope math of the total return of Coke since May 2012 would mean that $9.8 million is now worth about $10.8 million. The power of patience I know that $40 in 1919 is very different from $40 today. However, even after factoring for inflation, it turns out to be $540 in today's money. Put differently, would you rather have an Xbox One, or almost $11 million?
Posted by hifi7 at 9:58 AM
Tuesday, July 22, 2014
Bitcoin advocate, entrepreneur and CEO of Bitcoin Sports Trade, Tyler Wilson discusses what bitcoin means to the world and how it is the innovation that inspired him to create his web site. Gambling on Freedom Wilson shares his thoughts on the true power of Bitcoin. “Bitcoin means much more to the world than just a new form of money” he says. “Bitcoin at its core represents the decentralization of a corrupted banking system and the freedom of choice. Bitcoin literally has the potential to unify the world and give the power back to the people”, he explains. “Using bitcoin to facilitate a bitcoin sports betting site is fun and all but what bitcoin really represents has far greater significance to me”. Bitcoin gives a voice to the people, so the more we use bitcoin collectively, the louder that voice becomes, according to Wilson. “The more companies start to accept bitcoin and the more bitcoin based businesses are started, the more we will be able to shift the imbalance of control in the world”, he says. “Bitcoin is not controlled by any single entity. Nobody’s in control so no one can tell you what to do with your bitcoins and how to spend them. Isn’t that the true definition of democracy?” Tyler explains. Maybe I’m crazy but I envision a day when the whole world can be interconnected through bitcoins and we have a democracy dictated by the pulse of the people and not the banks. A Risk Worth Wagering It just clicked for me, says Wilson. “I asked myself, if half of the bitcoin economy is sustained in online gambling, how can I create something enjoyable that helps to keep the bitcoin economy thriving?” Bitcoin Inspired Innovation Wilson describes how the concept of BitcoinSportsTrade.com was created, “I started thinking about ways I could become what bitcoin is to online transactions but for the online sports gambling world. The essence and ideology of our sports betting platform is all modeled after the concept of bitcoin. From the infrastructure to the freedom of choice it represents”, he says. “Bitcoin functions through a peer-to-peer platform so we were inspired to model our site as a head-to-head sports betting platform. Bitcoin exchanges like bitstamp function on supply and demand which creates the current market price of a bitcoin so we modeled that concept as well by allowing bettors the power to choose their own bet lines based on supply and demand”, he explains. “We also modelled the anonymity of bitcoin by only requiring an email address to play and the transparency of blockchain in the sense that everybody’s bets can be seen on the board just as blockchain shows every transaction. All in all, bitcoin allowed me to create an innovative business that could have an impact on the sustainability of the bitcoin economy as a whole”, according to Wilson. While online sports betting still remains a very gray area especially in the US. Online Gambling is a multi-billion dollar industry whether we want to accept it or not and the emergence of bitcoin makes it more easily accessible for Americans. Does this mean online gambling will continue to have a major impact on the bitcoin economy in the future? I’d say the odds look good.
Posted by hifi7 at 9:08 AM