Most leagues Im in 3rd place doesnt get paid, and if they do its less than their money back.

An idea I like and use in my main league is 1st & 2nd get paid, and the team with the most regular season points gets their money back.  Out of the 4 years we've done this only once has the 1st place team been the regular season most point scorer.  During the season there always seems to be a team that scores a bunch of points but then runs into someone else scoring a bunch that week and keeps losing.

However, not to be *that guy* but if the league is less than 10 teams I'll be out.  It just makes it less competitive and Im not to interested in small leagues.

10 tm league Im assuming?  Where will the funds be held?

Id probably join.

Its not one of the "bigger games" that is played on New Years Day or afterwards, which are typically meant for the better teams/bigger markets/better ratings.  This bowl game is typically played by either a couple Conference USA teams or one C-USA teams & a MAC team.  Both smaller conferences in relation to like the SEC or BIG10.

However its the only game being played that day, December 26, so it'll still draw a crowd & viewers. 

BitPay is going to call it Bitcoin St. Petersburg Bowl.  Originally it was just the St. Petersburg Bowl, then Beef O Brady's bought the naming rights and named it the Beef O' Brady's Bowl, and now its the Bitcoin St. Petersburg Bowl.

Pretty sure they have a 4 year agreement too, so it'll be around for a handful of years!

I guess the rumors are true.....BitPay is sponsoring a bowl game:

http://online.wsj.com/articles/bitpay-to-sponsor-st-petersburg-bowl-in-first-major-bitcoin-sports-deal-1403098202

Listen, whether this is a ponzi or a huge mining setup, it's not worth it.  It's a fun system for people just starting to get into BTC to say they can be apart of cloud mining.  I look at it as a step up from faucets.

Facts
On 2/24 I bought 0.26 BTC worth of mining services from PBmining, on 3/3 I bought another 0.24 worth of mining....quick math:  0.50 BTC.
I currently have been paid out  0.22089736 & 0.21881598 respectively.....totaling:  0.43971334.
My last few payments have been: BTC0.247 (5/4/14), .0237 (5/11), .0214 (5/18), .0198 (5/25), .0174 (6/1), .0170 (6/8).


Am I tracking to make money/btc in the long run?  Most likely.  But how much?  Fractions of a BTC, maybe.  I might even just break even.  Giving PBmining the benefit of the doubt bc they have been a friendly service, lets say my contract stays in service for 5 years and I make 0.1-0.2 BTC, is it really worth it to wait 5 years for that little of BTC?  Not IMO.  

To each his/her own, those are stats from my account after 3+ months and my opinions too, enjoy.

I could be misunderstanding you so please correct me if Im wrong.  You originally talked about bitcoin calculators produce false results because they dont take in to account difficulty increasing over time.  You then posted a calculator that takes in to account difficulty increasing over time. 

I didn't even know there were BTC profitability calculators WITHOUT the ability to project difficulty increases in your calculations.  Most calculators have this and the "default" number is normally set between 20-30%.

I think this was a failed attempt at a bad joke    (ie guy who paid 10,000BTC for pizza years back)

It'd be nice if we could make THAT answer a sticky to every page on this thread, because out of the 100+ pages I am assuming at least half are people whining about your service and wanting details of how it works.  Let's put it to rest people.

This question is in regards to stolen coins.

As an example, let's say I was an early bitcoin investor or a whale and have a sum of 500 coins.  Current price @ $500 that's a total of $250,000. I live in the US where per the Federal Govt bitcoin = property.

Now someone steals all my coins, you can use the scenarios of it was password protected and online, paper wallet offline, don't care....just imagine there was a solid attempt to protect them.  If its a local person who stole them can I call my local police?  If its an international theft can I call the FBI?  Can I write off the coins somehow?  If a paper wallet or laptop is stolen with BTC on them can I write them off to my insurance company?  SO MANY QUESTIONS!...

Exactly.  I guess my question of what will they do was more of a rhetorical question.  It's a theft and a crime, but at this point there isn't anything these guys can do outside of luckily finding the person in real life and having some fun with him/her/them.

The coins are gone forever, sad but true.

Lets say these cyber-detectives track some of these coins on to an exchange, where the thief is trying to sell them for fiat.  What are they going to do?  Contact the exchange/admins and say "there is a user on this site selling stolen coins".  The exchange wont do anything.  If the thief was remotely smart he'd sell them outside of an exchange, or like someone posted before launder them through alt coins and changed addresses (super easy to do).

I think it was just a strategic pump and dump by ppl looking to make some $ from BTC , no FUD or news related.

The positive I am looking at it is even if it drops down to 450 we are still well above the levels before the "coveted april 15th" date.

I want to make sure I do this correctly, technically I signed up for this term yesterday which isn't technically true.  Just to be safe  

Starting posts:  244
Bitcoin address:  13nuut4s8xUqv4WLyH9yDuDD4L7Hj4ceAc

Didn't the US IRS decide that bitcoin was not currency and labeled it as property?  If that's true, in your scenario wouldn't they be able to go to the police and say "i was on an online market and deposited bitcoins, or property per the IRS, to buy whatever i want.  and someone stole my property."

Now, I completely understand that the police will do jack-squat (Chris Farley voice), but doesnt someone have a legitimate claim if BTC is stolen to claim it as stolen property? 

Starting posts:  242
Bitcoin address:  13nuut4s8xUqv4WLyH9yDuDD4L7Hj4ceAc


Thanks!

Do we need to repost our starting post count & payment address each month?  This past term was my first..

bury your paper wallet in your backyard

Sigh......

Are threads like this able to be locked or deleted?  Clearly he's just trying to stir it up, not speculation at all.  Pretty easy to see the article he is referencing as "new news" is from 2+ weeks ago.

So Ive been dabbling in bitcoin & crypto for about 6+ months but still find myself new to a lot of aspects of it.  Below are a couple questions to help clarify what these terms mean, I appreciate any help & insight?



What is a fork (for mining purposes, not eating purposes), and why does it happen?

What does FUD stand for? (Ive come to conclusion FUD is spreading rumors of some sort, just cant figure out the acronym)