Need a clean response. Is there another service that allows me to put money into mtgox via my bank account or debit card? (USA) For little to no fee.
I think the only other choice is bitinstant which charges ~3% which I don't think is little but their costs are probably unfortunately high. Why not try doing over the counter at bitcoin-otc. Some people charge high fees but you can find a good deal if persistent. |
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Obama is still alive 30 years from now?  Of course, he would only be 81 by then and we reached the Technological Singularity to give him the nanobot immune system and synthetically grown organs to live forever. |
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A Politico news report from 30 years in the future... Reporting from Bahgdad capital of the Republic of United Nations. U.N. First Citizen Barack Obama called Tuesday for greater global oversight of bitcoin markets, his latest effort to head off market manipulation as bitcoin prices stay high ahead of the peak summer months. “We can’t afford a situation where some speculators can reap trillions while billions of families get the short end of the stick. That’s not the way the market should work,” Obama said in a speech, laying out a $520 quadrillion proposal largely aimed at beefing up the Commodities Future Trading Commission’s oversight and enforcement of the bitcoin markets. Exchange prices have risen since the start of the year and the Seperatist Party's global first citizen candidates have attacked Obama on the issue, the United Nations pushed an “all of the above” strategy, which includes more government mining, the development of alternative cryptocurrencies and stepping up predator drone attacks of the bitcoin mining industry. Another piece of cutting prices, the First Citizen said Tuesday, is to root out market manipulation. The administration needs to “work extra hard to protect consumers from factors that should not affect the price of bitcoins,” he said. “That includes doing everything we can to ensure that an irresponsible few aren’t able to hurt consumers by illegally manipulating or rigging the bitcoin markets for their own gain.” Obama wants the U. N. Congressional Committee to approve new funding for at least a six-fold increase of “cops on the beat” to stop market manipulation and illegal speculation, detention without trial with possible execution for manipulation and new funding to update the CFTC’s technology to monitor online markets. Obama is also taking executive action to share the commission’s data with the Council of Economic Advisers. The U. N. declined to predict how the moves would affect bitcoin prices at the consumer level. Ironically, the U. N. spokesperson said about speculating on speculation, "I'm not going to speculate about this provision or any other provision and the specific effects it would have on the price at local exchanges,” Brian Deese of National Economic Council said. The First Citizen has blamed bitcoin speculators for rising prices before, and created a task force a year ago to deal with the issue. But the task force has met only a handful of times and has not issued a public report, McClatchy reported last month. Obama spent much of February and March telling second citizens that there is “no silver bullet” to cut bitcoin prices while nonetheless stressing he was doing all he could to cut prices. With the price of a of a single bitcoin at $3,900,000, according to AAA, down a bit from its recent peak, bitcoin prices remain an issue where Obama is vulnerable. Aware of that vulnerability, Agorists were skeptical of Obama’s proposal Tuesday. The Anonymous Agorist Pary (AAP) representative didn’t think much of the plan, saying that going after speculators won’t lower prices at the local currency exchanges. He also attacked the United Nations for trying to make International Monetary Fund's currency, the Bernanke dollar, happy. “While families struggle to pay bitcoin prices that have doubled on his watch, the President’s only solutions are to target bitcoin users and bitcoin nodes with higher taxes and detention,” the AAP said in a statement. “And they will not distract the people from the dictator’s consistent record of sacrificing our future to appease the corporate-statist alliance in the GDP [Global Democratic Party].” The anonymous representative also said, "The U.N. knows that none of its "second citizens" uses their worthless Bernanke currency if all they are going to do is print it so they can bail out their friends. Not regulating bitcoins and making it easier to purchase would make the price much more stable. It is fine though, Obama's rhetoric will amount to nothing as most of the large bitcoin exchanges are located on satellites circuling the Earth to escape the draconian U.N. machine." THe AAP also took issue with Obama for invoking the United States, the infamous North American-based government that went bankrupt in 2017 and led to the currency crisis that led to the formation of the current United Nations. “We can't afford a situation where speculators artificially manipulate markets by buying up bitcoin, creating the perception of a shortage, and driving prices higher — only to flip the bitcoin for a quick profit,” Obama said. “And for anyone who thinks this cannot happen, just think back to how the former United States of America manipulated the price of dollars to reap huge profits at everybody else’s expense.” The AAP thought the American comparison was out of bounds. “To waste time comparing today's #bitcoin commodity mkts to the United States is insulting. #USA was a bunch of crooks,” the AAP tweeted, later added: “Be careful, the next card will be a 51% attack. That's the ultimate market manipulation.” |
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So here are some of the claims that Dwolla made to me today:
It is totally within their right to change their terms and conditions of using their service without giving any prionotice to their customers. That's right, despite any existing contract law, Dwolla can just change contract midstream , and they don't even have to tell people.
To move money out of Dwolla, you MUST either link to a bank account, or supply a SSN, and be part of Facebook or Twitter.
I told them that I didn't have an SSN, and that SSNs were technically only for Federal employees and it was a felony for me to claim to have one, and their manager, Ian, told me that that wasn't "germaine" to the conversation and had to hang up.
These guys are just purely criminal. I already knew because of what happened to Tradehill but I wanted to trade on the exchanges that take dwolla so I used them anyway.
I guess I just paid for it. Lesson learned. Fuck Dwolla, fuck their employees and their dogs and children as well. May they all die of anal cancer.
They didn't ask for your real SSN did they? They only ask for your SSN. I put some random digits the same length as an SSN and it accepted it o.O But I'm still closing my account I just logged in and was asked to identify my gender, "Male, female or other" and my employeer identification number since I have a business account. Since when did businesses have sex organs? Anyway, maybe we should have a stock letter to close a Dwolla account for bitcoin users to really send a message. |
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How much funds are in the PPT default thing?
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So here are some of the claims that Dwolla made to me today:
It is totally within their right to change their terms and conditions of using their service without giving any prionotice to their customers. That's right, despite any existing contract law, Dwolla can just change contract midstream , and they don't even have to tell people.
To move money out of Dwolla, you MUST either link to a bank account, or supply a SSN, and be part of Facebook or Twitter.
I told them that I didn't have an SSN, and that SSNs were technically only for Federal employees and it was a felony for me to claim to have one, and their manager, Ian, told me that that wasn't "germaine" to the conversation and had to hang up.
These guys are just purely criminal. I already knew because of what happened to Tradehill but I wanted to trade on the exchanges that take dwolla so I used them anyway.
I guess I just paid for it. Lesson learned. Fuck Dwolla, fuck their employees and their dogs and children as well. May they all die of anal cancer.
They didn't ask for your real SSN did they? They only ask for your SSN. |
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Although we don't have a hot swap system ready and waiting GLBSE is prepared for the unlikely event of the server being shut down, we would be offline for a maximum of 3 days.
I can assure you that the FSA sees bitcoin as monopoly money and simply doesn't care.
Just because I happen to live in the UK doesn't mean that this is where GLBSE is operating from. The fact is it would be very difficult for any country to shut down GLBSE (being as we have no bank accounts to be frozen or physical assets to seize).
So on receipt of information that what you are doing is not legal, your announcement is that upon presentation of an interim injunction by FSA your intent is to flee to another jurisdiction and continue to operate? That must make the holders of "unlimited duration bonds," and other assets for which GLBSE is the nominal custodian, feel very secure. You must be new here and already trolling with 10 posts. What do you want nefario to say. "Sure I will spend millions of dollars on being regulated for a small virtual security exchange." |
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Yes, I was expecting this terminology question to come up sooner or later. So:
The thing you are buying will be worth exactly 1.28 BTC 28 days from when you buy it. So in standard terminology 1.28 is the face value and it is a zero coupon bond. I should will go back and redo the OP to reflect this more standard terminology.
Now given that terminology I need to more exactly describe the insured value. Thinking about that now and I may be able to simplify the equation and description so please bear with me and I will get back to you all on that.
I have to go out now and I will get to all the other questions and concerns raised but I wanted to anounce this first: The PPT stockholders voted on it and we have agreed to insure 25% of the face value of all outstanding bonds at all times against a Pirate default. The face value of the bonds is 1.28. 25% of that is 0.32. So in the case of a default you will be paid 0.32 for each bond. More later! This is great to have a exact value. |
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I'm sure Burt will pick up the extra words.
As for the "immediately" issue, it's more about the trigger event. Personally I am assuming that at some point in the future there will be a day when this stops - either with some notice, or possibly no notice. At that stage there should be four bonds in operation, cycling through a week apart. To pick a day for illustration, if this was day#2 of a bond, there would also be day 9, 16 and 23 for each bond respectively. Also, I am not sure if glbse allows the premium paid on each issued bond to be tracked to the purchaser as ideally some kind of pro-rating/refund would be a nice addition too.
The world isn't perfect, and this is one of those cases (like buying a share) where the value might go down as well as up. We're trying to cover the events before they happen, so the discussion is useful.
Yea I am just trying to understand all the risks. It would suck if to pays 1.06 for the bond and on the 5th day it is called for 1.05. |
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In the event that BS&T stops payments or changes its terms and conditions so that the intended pass through of interest is either stopped, pays lower interest or at a schedule that does not align with PPT bonds, PPT reserves the right to buy back the currently issued bonds by paying the coupon (currently 1% per day, accrued, simple interest) to current holders. 2. In the event that interest payments from BST is below your expectations then PPT can buyback the bonds at 1% per day on the initial bond listing price of 1.00 BTC per bond. The wording was intended to be tighter than simply "below expectations". It is to cover the event where Pirate stops and winds up the whole thing, or changes the interest rate scheme materially so that we cannot pass through the intended 1%/day rate. It does not give us the right to issue the bonds on day 1 at a premium and then immediately buy them back. Ok thanks I see, can we get, "It does not give us the right to issue the bonds on day 1 at a premium and then immediately buy them back," in the contract? Also by immediately is there a cut-off point for that such as 1 hour or 1 day? |
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Pirate Pass Through (PPT) BondsPirate rates for the small investor! Each week we will issue up to 2000 bonds. These bond auctions will take place every Saturday morning at 2 AM UTC. That is every Friday evening at 7 PM PDT, 8 PM MDT, 9 PM CDT, 10 PM EDTThese bonds will have a face value of 1.00 BTC when purchased but will be bought back for 1.28 BTC exactly 28 days from purchase on Saturday morning at 12 AM UTC. That is every Friday evening at 5 PM PDT, 6 PM MDT, 7 PM CDT, 8 PM EDT. Doing it this way allows customers who wish to bid on the next auction two hours in which to place their bids and gives everyone two free hours of interest on their money. The face value of all bonds sold will be deposited directly into a account at Bitcoin Savings and Trust (formerly First Pirate Savings and Trust) We reserve the right to buy back the bonds at any time during the month for the 1% per day prorated daily rate. In other words if we buy back the bonds 15 days after purchase you will get 1.15 per bond. Further clarification of this point: In the event that BS&T stops payments or changes its terms and conditions so that the intended pass through of interest is either stopped, pays lower interest or at a schedule that does not align with PPT bonds, PPT reserves the right to buy back the currently issued bonds by paying the coupon (currently 1% per day, accrued, simple interest) to current holders. These bonds are partially insured and backed by a cartel of some of the most reputable and well known BTC lenders in the lending forums: BurtWagner, PatrickHarnett, dollartrader, hashking, imsaguy and ineededausername. In the case of any default by BS&T you will receive at least 25% of the original face value of the bonds from the capital reserves of PPT. So PPT is basically stripping the interest from a Bitcoin Savings and Trust (BST) saving account and offering 2000 bonds per week with a face value (the amount paid to the bondholder at maturity) of 1.28 BTC per bond that will be paid 28 days after they are released with 2 conditions. 1. 25% of the "face value" is covered by loss in case of a default and loss of principle from BST. I have a question about this. You state that face value is the PPT bonds is 1.00 BTC, but the actual definition of face value for a bond is the amount paid to the bondholder at maturity, thus the actual face value of PPT.A bonds would be 1.28 BTC. Are you saying that in the event of a BST default and loss of 100% of principle that the bondholders would receive 0.32 BTC per bond (1.28 BTC X 25% = 0.32 BTC) or 0.25 BTC per bond (1.00 BTC X 25% = 0.25 BTC)? 2. In the event that interest payments from BST is below your expectations then PPT can buyback the bonds at 1% per day on the initial bond listing price of 1.00 BTC per bond. Does that seem like an accurate understing of the contract? |
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If you do not scroll down the insert in ineedausername's post you miss the tl;dr summary: As one example [of what the full chart shows] if you think Pirate has a 15% chance of defaulting you are expected to break even on bids under or at 1.12. If you have a Pirate invite you should: bid under 1.04 if you have >2000 BTC
bid under 1.12 if you have >500 BTC
bid under 1.16 if you have >100 BTC What do you think is Pirate's probability of defaulting? |
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17 is underage in the US? The US sucks.
Depends on the state. In some places, sex between 16y/o & 18 y/o is fine, most states 15y/o with 15y/o is statutory rape. Sometimes, 17y/o with 65y/o is fine so long as it isn't recorded. I'm not up-to-date on the laws though, so maybe some of those examples are no longer true. A lot of the states changed this to 18 even with a parents permission after the fear of polygamy in a few of the Western and Southern states. a minimum suitable age for your partner is half your age plus seven years I find it hilarious that the United Kingdom has an equation for the etiquette on robbing the cradle. |
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Got this in my inbox. I think this is a good idea, thoughts? Hello,
As a merchant in the Dwolla community, we appreciate your shared interest in maintaining a safe and responsible payment network.
We'd like to let you know about a few changes we are rolling out shortly to merchants effected by bank level reversals, caused by identity theft and fraud.
Starting today, users sending money to your account will need to meet and/or maintain:
1) Connect a social network
2) Have a bank deposit 30 days old
3) Enable a DWOLLA hub page
4) Have a verified account
(i.e. Social Security and/or Photo Verified)
We are working hard to make sure this policy does not affect your most frequent, loyal, and responsible customers.
Thanks for being a part of Dwolla. We hope our new changes will protect customers and merchants alike. Please let us know if you have any questions.
All the best,
Dwolla Someone please explain to me how having a Facebook account makes a person less likely to be committing fraud? Also, am I the only one who thinks it's creepy to require someone to participate a third party social networking site before they can access a banking service? Why do they need to see pictures of your kids to validate your account? Banks don't even ask for this. I've said it before and I'll say it again, making more rules doesn't prevent fraud, it just infringes on the rights and privacy of ordinary people. Criminals always find a way around no matter what hoops you make people jump through... The facebook/social network is just a marketing thing. They want to have access and see who you connect to so to get more customers. If you link to a fake one they won't know any difference. |
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well merged mining doesnt change
6 BTC on 3/10/12
6.223 BTC on 3/17/12
6.22 BTC on 3/24/12
6.233 BTC on 3/31/12
6.202 BTC on 4/7/12
6.329 BTC on 4/14/12
so dont think its difficulty
I believe merged mining has always paid 0.001 BTC per share no matter what the difficulty. |
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Can a mod move this to the new Securities subforum?
Why? From the description: Topics about exchange sites which deal in securities should go in the top-level Marketplace section. The OP is not about GLBSE, it is about dividends of securities on GLBSE. It follows This section is for topics about individual Bitcoin bonds, stocks, etc |
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Can a mod move this to the new Securities subforum?
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Just use trustcash and deposit cash in a bank.
Better than waiting 30 days for Dwolla, or that really stupid 'Social networking' requirement.
I only use Dwolla so that I can trade on InterSango and CampBX. Other than that, I keep a $0 balance over there. Ben Milne seems like a tool of the banks and generally a douche. I mean really, a Facebook requirement?!?! If someone ever sets up Jim Bell's "Assassination Marketplace", I got $100 for someone to kick his ass. Seems they are just doing this for marketing. They can see who your friends are and try to get them to use Dwolla. Just plug in a fake facebook page with no friends. |
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It seems to cycle like this every week. At the beginning of the week the buy in price is really high and people take their 2.5% payment. Then the buy in price drops to about 0.1025 for a few days then goes down to 0.1. Then the price shoots up before dividend payment and the cycle starts anew.
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