number 3 , you win the grand prize for making me laugh .


my explanations are vague , or you guys are jumping ahead of yourselves.


let me contest your arguments.


1. yes you're right in saying that but that's not the point . The point is to pioneer. To reach new limits and prove to the world "yes we did this with bitcoin" its about making headlines and proving to the sceptics that yes you can have a town thrive just on bitcoin and be green and 100 times more efficient then the average city.

2. I am well aware of the costs of construction, i have a particular interest in multi-living, multi-purpose dwellings, the costs of construction explode the higher you go in terms of storeys/floors ( skyscrapers) but keep in mind these expensive buildings are only viable because of the land value to structure ratio.  essentially , you can have a cheap block of land and build on (expense) as much as you want on it but as soon as your land value is more then the structure itself its no longer in that ratio. land in the cities where most skyscrapers are built are worth alot of money so its not viable building anything that will bring in a lesser then land value profit/return and this is pushed with population/commercial density...
again the rise in 2 storey house constructions are due to land values going up ( atleast in australia) to build the same size house as a single storey can and usually will be cheaper ( keeping to minimum construction requirements , load bearing ,etc)  then a 2 storey building but when you factor in land value , it works out ALOT cheaper to build a 2 storey house with the same floor space. just to put it into perspective..... then consider im talking about a large parcel of land perhaps 1-2 hours outside of the city districts which is far more affordable, construction is given more freedom and can be a cheaper and simpler design .

3. it doesnt even have to be a fund, its not one specific way of doing it. An open mind is one with more then one way of doing things. it can be just like that development in chile the gulch , selling off a plan with lots of flexibility. Im not saying anything close to "give me the money", yeah ideally it would take $100 million ++ to get it really started with a infrastructure with plenty of room for expansion , the whole point of the fund is to prevent the whole thing being a grab for profit. I see it being a greater success being run as a "non-profit" project. it would set it apart from housing/commercial developments.

4. im not saying im right or this is the only way, im encouraging people to put some ideas into this, brainstorm. throw some ideas back at me , don't just shut the whole thing down im not trying to argue a point . Im trying to build on an idea, a spark if you will and you all have ideas, to fuel a fire.

it takes more then a spark to set a field ablaze , with the right amount of fuel and the right conditions you have a blaze that can last a very long time and have a huge effect on everything around it .

to put it short , INDUSTRIALISE BITCOIN .

I don't want the responsibility of the fund, im only saying ill do the construction side of things.

and yeah its volatile, bitcoin could plummet any day, it could explode and quadriple in price at any moment too im not speculating on the price of bitcoin but essentially if you have bitcoin backed by something solid , it will always have a value.

the only reason the USD or the AUD is worth anything is because for one its backed by the governments ( was backed by gold and silver once upon a time) and its widely accepted. I mean theres alot of factors in play, people starting to realise the gorvenment can just print money whenever it feels like (the government indirectly does this through the reserve bank) .

IF they start backing paper with gold or silver again then i gaurantee the bitcoin price will drop if even a little.

but back to the project, there are a number of ways to ensure the longevity of the city. To maintain the presence of the bitcoin, you could invite bitcoin related companies/enterprises  to operate there , create something you can't have in an established city, even if its abandoned but to be honest the only abandoned cities you're going to find are pre 21st century towns in the center of nowhere, it wouldnt really save you an awful lot of money because you still have to add infrastructure, modern sewage processing, storm water pits/piping, electricity generation/connection ,etc .

Then theres the dilemma of internet. buildings are cheap, its what makes a building habitable that actually costs money.

i can tell you now if you refit an old town its going to cost you alot more unless you are incredibly lucky and find a place that has everything already in place and its merely cosmetic work required.



Some of you may be wondering where the money will come from? ( aka bitcoin) but let me pick your brain for a moment here , if you had enough companies interested in the venture, for example you get a few bitcoin exchanges and a bunch of other companies heavily reliant on bitcoin onboard and you offer a building, office or even a warehouse in return for a pledge of bitcoin with cost price construction and rent/lease thereafter or constructing for them and selling it to them whatever is more viable for that company . The bitcoin city will be in their best interest as it will strengthen the bitcoins demand and flow, giving those companies a greater foothold in the industry . it will no longer be about speculating and "hoping" the bitcoin prices go up and stay strong, its about taking a big step in driving bitcoin.

With a bit of crowd-funding  ontop of that and other sources whatever they may be, this could happen.

It shouldn't end there though, i would like to see community owned fabrications and factories. Reliable and renewable energies, construction materials and things that could be produced in excess for export, offering them to others out of the city where we only accept bitcoin.

 there would have to be a bit of picking in regards to this, possibly a cheaper price for the goods or rather a competitive price to offer incentive but to compensate and grow, i would suggest a deal with one or more bitcoin exchanges to oversee the conversion of bitcoin and fiat currency for the exports, wether the people or companies convert to bitcoin then buy or rather pay a fiat amount that we in turn convert to bitcoin through the nominated exchange with special rates and commisions whichever way it goes.


its a community effort, there is no way in hell i could do any of this on my own . it would take a miracle but with the ever-growing bitcoin aware populace  this could become reality.

A not for profit company is probably the best legal way to put it, with a board of directors leading it and "citizens" will be stakeholders in the project with the right to vote. Yes it's a huge logistical issue but that's what team work is for , one person can't do this alone it would take hundreds of volunteers .

I personally am a tradesperson I could oversee construction of the place, it doesn't have to big to start just simple and efficient and foresight for future planning. Imagine a real estate development that's affordable and powered by bitcoins. It would take a lot of commitment but it will be an example for the rest of the world

i remember reading somewhere there was a prototype usb wallet that when you press a button on it , it showsyou your wallet balance and allyou have to do is plug it in to be charged with a secure pin at point of purchase.

no i wasnt clear on that bit, i meant more or less having a bank that oversees the process , imagine going to  a "bank" and essentially depositing bitcoin in return for "notes" that are sealed in pre determined denominations that you can trade with. until someone comes out with an instant transaction process for bitcoin i believe that is essentially the quickest method of transacting in store. imean sure theres otherways but this is the whole point, its an experiment to test theories and method out before they are rolled out because the pioneers are the ones who take the risk but often are rewarded the most. if you did this stuff in the cities and itbackfires or fucks up i gaurantee it will be a huge blow to the bitcoin price. you want to show a city that runs on bitcoin and only bitcoin.


as for taxes, as far as im aware , you can only betaxed on the dollar. and capital gains but it all depends on how you interpret bitcoin

I haven't posted on here for a while , but I'm wondering how many of you bitcoin users are in technical trades in the construction industry?

I'm studying to be a licensed builder in New South Wales , Australia .
I've been thinking of , a experimental bitcoin city if you will call it that. I'm sure there are places and people who have already tried this but every state should have a city built on bitcoin , reason being is that it's very difficult changing existing protocols and habits in a developed city.

If we started from the ground up with bitcoin as the underlying currency and foundation of the startup city I think this will make it much easier to transition into the larger populace.

To start with a large fund will have to be started and I'm talking in the millions, there would need to be a self sufficiency to the city , a green city.
- green energy (wind farms perhaps) and the possibility of selling that energy to the grid
- agriculture , cattle , etc
- people with trade backgrounds willing to accept bitcoin as a form of payment
- to simplify trade , I would suggest paper wallets of pre set denominations for regular purchases, even pre paid accounts with businesses



I'm going to continue listing things I'm busy at the moment but please add your own ideas and such

i just recieved my jalapenis feels good man even though its worthless now, kicking myself even more because i sold about 15 bitcoin 3 months ago which would be worth a fuck load right now

i think i broke my dick guys.




windows print screen

how on earch does it multiply bet ? mine keeps betting the same amount and i have 2x in the bet multiply

why doesnt the bot work its loaded and everything it just wont place any bets it says running but i sat there staring for 10 minute no bets made

ah yes i suspected as much but i put a 4 second delay on bets. maybe i did something wrong im new to using it. i guess ill try it one more time i think the hour is up ill put a 10 second delay on bets i guess that should work.

are bots banned on just dice? i got banned for an hour im confused

mining multiple locations what? i got blocked for an hour too before the bot even worked whats the deal with that

what

damn i was hoping to play some . you have any idea when it will be back up

pretty sure just-dice is being ddos attacked right now. that or its down lol.


whats with all the ddos attacks on all the bitcoin casinos

just dice is pretty neat for investing you get 10% of 1% of the profits from the casino so its pretty good if you intend to let your coin sit for a year or so

The formula I have so far is as follows


Bankroll - R
Maximum bet- M
starting bet -  B
(FYI I'm using an iPad I don't have the division symbol so ill use / )


   R / 3.9= M
  ( R / 5 ) / 100 = B


 Simply you have a loss chance of 7-8 losses if you lose 8 times you go bust so you have to win on your 8th roll.  Now I have a lot of martingale experience from roullette red/black which has the same odds 48.9% or so for a 2x payout. You rarely get 8losses in a row most of the time you rack up4-5 losses but you do get an 8th loss even more which will make you bust. 

An example of the formula using a 50btc bankroll

50 / 3.9 =12.82
   
    50/500 = 0.1

1- 0.1 -0.1
2- 0.2 -0.3
3- 0.4 -0.7
4- 0.8 -1.5
5- 1.6 -3.1
6- 3.2 -6.3
7- 6.4 -12.7
8- 12.8 -25.5

After that you simply don't rebet. You will be able to approximately go bust 2 times using this formula. Again don't use your whole btc balance only put aside what you are prepared to lose . Now you can have 2 busts type these into bot dice to simulate and I think you will find out of about 10 times you get a usual 3-5btc profit over 100 plays 7/10 times 1/10 you find you make a huge profit if your very lucky and 2/10 you go bust. These stats are based on chance though you can't predict everything martingale is only to minimise loss but we don't have an infinite bankroll and frankly betting the minimum amount will take over a million wins to make one btc. But a bot is good for small amounts you can make a consistent profit if you bet very small I have a few other formulas written down in my notebook.

I don't remember the formula but you divide your bankroll by like 10,000 to get your starting bet from memory that gives you something like 13 losses before a bust but its very very risky your risking at least 3/5 of your bankroll for a 10,000th of your bankroll but this if good for a bot I personally wouldn't trust a bot with more then 5btc until I was comfortable with it.



So yeah with the first formula every 100-150 wins/plays you recalculate it constantly adjusting your bet to bankroll ratio. This provides optimal profit. From my stats and research this is the best I've come up with for martingale if you want to use it.  If you have lost part of your bankroll your bet adjusts to a smaller starting bet if your bankroll has grown your starting bet is a fraction larger because you can care for a slightly higher max bet and your winnings will be slightly higher reflecting your bankroll.

It's stupid using the same betting ratio when your bankroll has been dramatically reduced because you are just going to lose it. The higher the risk the more you can generally win but the best advice is work slowly.

My past experiences prove this. For example on roullette at my casino they had $25 tables and $10 tables. Even though I won more in a shorter period on $25 tables I would often go bust after 3-4 hours because I was only able to lose 6 times before reaching the max bet 1k. The $10 table had the same max bet but I was able to bet one more time and lose 7-8 times I can't remember exactly. I would play much longer on the $10 tables often I could sit for 10-20 hours and walk home with a 200% profit. It's was consistent for a few weeks I did this and won every single time until they eventually closed the $10 tables and I was left to the $25 tables in which case my win/loss became very sporadic. I had racked up about 20-30k in winnings over 6 months. But also lost at least 20k of my winnings to other games like blackjack haha.


Anyway moral of the story is having that one extra loss sitting up your sleeve can make a huge difference. But you can't rely on it , it's not guaranteed often my biggest winnings came from ridiculous win streaks you get a lot of win / losing streaks at roullette you usually are able to tell for some reason the dealers often roll the ball in a specific way . You can't do much for predicting on just dice because its very fair to its odds. Like a coin that has a bit of dirt on one side of the coin it will land a few times more on one side out of 100 tosses .

Same goes for roullette a wheel is mechanical so it has its flaws usually affecting the spins by 0.5-2% you can usually work this out with the dealers method of spin. That's how you can pick a good table.


Back to just dice. You don't have any of those crazy odd changing flaws or imperfections (though I find high numbers pop up more on just dice my win/loss ratio is usually 50wins more then my loss.)

Again if anyone sends me about 0.03btc I will try the method out and post results.

0.03/ 3.9 = 0.00769 max bet

0.03/500= 0.00006 starting bet.

.00006
.00012
.00024
.00048
.00096
.00192
.00384
0.00768.   

500wins is 100% profit with out any busts considering no more then 7 losses. It isn't fool proof there are chances of losing your money but you can minimise this by using a smaller bankroll , you lose less, you also win less.


Did it the other day with 2btc sadly I pressed the wrong button on the keyboard shortcuts thus losing a total of 6btc. Hit the max bet key, feels bad man I literally spent 3 hours straight hitting bets getting it up to 6btc over about 2,000 plays

Can somebody send me 0.03 btc to my donation address? I have a formula I've been working on so far the botdice simulator has shown a 85-90% success rate.

I'm in a pickle right now and can't buy any bitcoin until my account gets verified with google wallet.

Ill pay it back just make sure you pm me so I don't forget if you send it.