Bitcoin Forum

Online poker sites settle fraud charges for $731m USD - http://www.bbc.co.uk/news/world-us-canada-19069343

Just want to say that although current and future shenanigans are not ideal, it's part and parcel with a healthy currency. I'm staying long (positive) on Bitcoins and it's concept and I'm not referring to exchange rates.

I am staying in the game!

I don't believe Ƀ is going "up, uP, UP!",

I believe it's going horizontal, as it should go.

UP UP UP

DOWWWWWWWWWNNNNN

UP UP UP UP UP

DOWWNNNNNN

UP UP

DOWN

UP UP UP


ETC...

We can only hope, that Ƀ will go down, while BTC will go up ;)

I'm not going anywhere!  ;D

Difficulty proving that I am not a scammer gets me down more then anything.   :'(

I thought BTC transactions were supposed to be easy and painless???  It's not like I'm new to Bitcoin.

Don't tell me about bitcoin-otc.com.  Although I was able to use the system, it's in no way user friendly to the average person who wants a Bitcoin.

Hear, hear. It's also inappropriate as you can give someone negative or positive ratings based on your opinion of the color of their hair if you want.

Matthew, you did misunderstand the otc rating system. You don't rate the other person, you state your trust in the other person.
http://wiki.bitcoin-otc.com/wiki/OTC_Rating_System#Rating_guidelines (http://wiki.bitcoin-otc.com/wiki/OTC_Rating_System#Rating_guidelines)

Actually as a former poker professionnal I lost both money with full tilt AND bitcoinica

 :-\

I know clicking a link is very difficult while having some ultra heavy ellet prototype on both hands, so I quote this here for you:

You shoudn't loose any money on FullTilt, If I understand correctly you'll be able to withdraw funds in the next 90 days if you're a ROW player. For US players DOJ got the funds to refund you.
That was the good news yesterday, and bitcoinica was the bad one. Now we're sure we won't be fully refunded...

Horizontal yes, but at what price, that's the question?

The point was that your claim that it wasn't a "rating" goes against the very name and method. You are in fact "rating" people, and my original statement about being able to rate people at will with absolutely no transaction related to the rating or reasoning behind it were correct. If we have a transaction together and you send me an item, I send you money, and everythign is fine BUT I don't like your avatar on the forums, I can rate you -10 just for shits and giggles, and guess what-- it works, it's permanent, and there is no way for me to refute it. -That- is why I think the system is a joke until it's fixed. If you care to comment on -that-, please do. Posting quotes from the website only proved my point.

You rate how much you trust the other person.
So say, I don't trust you because you are named Matthew, and hence rate you -10. This is no problem, because it only means I don't trust you.
Look at this example: http://bitcoin-otc.com/viewratingdetail.php?nick=Metabank (http://bitcoin-otc.com/viewratingdetail.php?nick=Metabank)
Someone rated him -5 for whatever reason. Would you still trust him? Most probably, because a single bad trust rating means nothing, if there are other trust ratings. Quite the same as one customer complaining, while there are a lot of happy customers.
And as soon as you realize that this is a trust rating and not some beauty contest, you look at all the individual trust ratings before doing a trade. Sometimes you even look one step further, you look at all the trust ratings of the raters.
That is how it works and why it works. And if I want to state that I don't trust you, then, yes, I don't want you to be able to remove it. You can behave to gain my trust, and then I can change my trust rating. Probably you don't know, but one can change a trust rating anytime.

You haven't said anything I didn't already know. It's a popularity contest and isn't related to transactions.

It is exactly not a popularity contest. But I guess, that is the MNW way to confirm you are just not smart enough to grasp it.

What is there to grasp?  Many more people own BTC then use OTC.  It's not a user friendly system for most users.  Are we spreading the information of the great Bitcoin for everyone or are we just competing here in an elitist masturbation circle?

I hope Bitcoin OTC grows just like Bitcoin itself.  New user adoption of BTC should be something we all want, yes???  Insulting other forum members intelligence?  I'm not sure what that accomplishes.

One has to grasp that OTC is not a popularity contest, but a trust rating. And it is hard to grasp, that Matthew does not grasp it :D
But I agree, OTC is not very user friendly at first.

LOL, insulting Matthew? Now is this even possible? I don't think that he ever takes offence. He just loves being MNW.

Have to love these forums. How did my thread descend into an argument about an IRC trading system?

Bitcoin is full of ideas and people anxious to share them. It's hard to be focused sometimes.