Nevertheless, it was a cool thing to do
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Did he ask for money? No. Did he steal anything? No. Just to help you clear your mind: What dictionaries say about scam:
1. A ploy by a shyster to raise money.
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Trust is very relative... MtGox has 85% of the trading volume so if you want to trade frequently, that might be a point to consider. They got hacked a month ago and they recovered, but I don't know if the money was fully restored to users. There are also some complaints about their customer support... Tradehill is the second largest. I used it a couple of times and so far so good. They talk a lot here at the forums so it's easy to know what's going on. CampBX is recent and it's building up volume. They seem to be a serious and professional company with a great focus on security. They also plan to add advanced trading options, such as short selling, as soon as they get enough volume. Good customer support. There are more, but these are the ones I tried. As for getting dollars in/out I can't help you with that (I am European). Apparently most people use Dwolla because it only costs $0.25 per transaction, but Tradehill no longer accepts them. Most secure place to store bitcoins: in your PC disconnected from the Internet and locked up in a safe. I have most of my bitcoins at the exchanges because I trade frequently. I guess you have to trust them a little...
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bitcoins are information, strings of bytes. That is communicated from one computer to another through the network.. thats how it falls under free speech.
Dollar transactions are strings of bytes communicated between banks Bitcoin is a currency. It isn't free speech. I think someone with easy access to a lawyer should check out if this applies to bitcoin or not (or maybe contact FinCEN directly).
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Doesn't scam involve stealing money from someone? Did they ever ask for any money? I don't get it. They never did anything.. How can you classify them as fraud, scam, heroes, whatever?
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Market "LOOKS" nice, but functions terribly. I transferred BTC from wallet to account code given by website to begin the fun, only to have that transaction LOST IN SPACE!! Support asks if I am sure I sent it and if account code was for my acct on their site. I love when support starts with the stupid questions and simpleton observations like "Your acct shows no transactions" G'Da a$$-clown, thus the support request for LOST BTC. Although it would seem exciting to trade BTC for many currencies in one location, it is a TOTAL let down to have money lost because some script kiddie auto generates acct codes and does not assign them to individual accts, so to whomever received my deposit... Salud!! enjoy the 50 bucks, as for this RUXUM... ==TURD!! FUNCTION is 200% more important than GUI.
Transactions are never lost in space. They are always recorded and publicly available. What are the addresses? You can trace any transactions at http://blockexplorer.com/
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I've got to start counting the number of "is it profitable" threads. I think they are almost daily...
So, if you are spending $3 and earning $6, what does that tell you about profitability?
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Well, he was from Belgium. Isn't MyBitcoin american? I think you are pushing it a little too far
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You do realize that, in your example, BitProxy cannot operate legally, right? If you take bitcoins from someone without knowing his/her personal details, you are doing an illegal trade.
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So to pay with bitcoins I have to provide my name, date of birth, address and ID number? Paypal suddenly became more anonymous than bitcoin...
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Completely unrelated question #2:
If bitcoin price goes below $10, we won't be able to trade 0.1BTC... Are you planning to keep the $1 limit?
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I think the solution to the "secure your wallet problem" is to have a real device. A real virtual wallet. It would be a small device with wifi, a screen and a few buttons with the unique purpose of running a bitcoin client.
Has anyone thought of this? I think it would be really cool if someone starts manufacturing a device like this.
OP's method works, but it will never be user friendly enough...
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Nevermind, sorry for the silly question
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In the Activity Timeline how do I know the price I got? It just appears: "Price type: Market, Price: 0.0"
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I think JoelKatz has a good point. The problem is that a scammer can do this lots of times (it's free for him!) even if he only succeeds with a few suckers.
You offer no security for the buyer because the seller doesn't lose anything and the buyer always loses his money.
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I have a question: if we can't trade less than 0.1BTC, why is some guy buying 0.01BTC at $12.76? EDIT: Well, he isn't anymore... But I saw it!
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blk0001.dat stores all of the transaction data for the block chain.
So to "inject" data into it you transmit valid transactions that are then included in blocks. Dan crafted transactions that contain the tribute message.
I think it is a neat hack. ("hack" in the sense of "clever, non-obvious way to use technology") I wonder how much it cost in transaction fees, or if he managed to do it entirely with free transactions...
Thank you for the explanation. So I assume it has something to do with this: https://en.bitcoin.it/wiki/Script#Transaction_with_a_message ? I found this yesterday on twitter. I don't know if it was announced anywhere. I also think this is a great hack. Kudos to Dan
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What I want when I've been scammed is to recover my money, not its destruction.
Since the scammer will not earn anything with this, he will not have a reason to do it. But yeah, I can set up a fake store to destroy promised coins just for fun
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I like it.
+1 But I don't know anything about the technical implications of this.
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Could anyone explain what is this/how was this done? http://pastebin.com/raw.php?i=BUB3dygQI know what 'strings' does. I just don't know enough about the bitcoin technology to understand what is the blk0001.dat file and how did they inject the strings there.
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