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1041  Economy / Service Discussion / Re: Bitcointalk Escrows - Trade Safely! on: March 16, 2016, 02:18:52 PM
mmmm but why shorena is not in the list already? he left him service?
or it's a temporary break?  Huh

I dont have a thread and I never officially announced that I do escrow. I just say yes most of the time when Im asked. Im not really a full time escrow if you will, mainly doing it to help out.

Though most escrows on the list are online less often than you are, I think. You would be wondered how many uses write to 5 escrows at a time and the first answering is dealt with. Or I answer some hours later and they already went another way. Other escrow or without escrow at all. Cheesy

Might not be bad if you are there as an alternative. Many escrows even are online only once a day or so.
1042  Other / Politics & Society / Re: Bangladesh considering abandoning Islam as its official religion on: March 16, 2016, 01:05:05 PM
By forbid, by ban you cannot prevent a belief, contrary, you expand it.

That's the difference to secular systems. Only because islamic systems forbid other beliefs way too often you should not fear that secular systems forbid the islam. Everyone is free to believe what he wants to believe. And a belief ends where you hurt the rights of others.

Well, I can't believe all this "we want a moderate islam" when it comes up in a secular country. You are even worse demanding the sharia. What is your belief? Salafism?

I wish religious people wouldn't try to put their belief over all other people.
1043  Bitcoin / Bitcoin Discussion / Re: A teen is given $1K to invest into Bitcoin - what would you recommend for them? on: March 16, 2016, 01:00:42 PM
I'd recommend him to start a faucet. Spend 50 USD to buy a cheap but good hosting plan. Next, 50 USD hiring a coder (assuming he/she have no programming knowledge) to code a very unique and good faucet (not off-the-shelve script). Spend another 50 USD for SEO. To rocket off the newly created faucet, put in another 50 USD for advertising. He/she should start breaking profit after giving out 100 USD to his/her faucet users. 300 USD and he can get a somewhat steady income. Smiley.

Well I guess when he has to ask for 10 USD then he surely has no 150 USD to spend on developing and advertising a faucet service.

And I think most faucets fail. I'm not sure if it only happens because their admins are not working properly on it though.
1044  Economy / Exchanges / Re: [ANN] KRAKEN.COM - Exchange with USD EUR GBP JPY CAD BTC LTC XRP NMC XDG STR ETH on: March 16, 2016, 12:58:13 PM
Anyone else with SEPA withdrawal issues? Mine was put on hold and no response from support so far..

On hold or sending status? Mine was on sending until dargo checked out my support ticket. After that it went through. Don't know why it was not worked on.

Send dargo a pm with your ticket number...

Status says "on hold". Its my first SEPA withdrawal, so maybe I made some mistake. I have created support ticket two days ago, maybe they have fev days backlog..


Maybe when it is your first withdrawal you might check the verification status you have. It might be that the threshold of money you want to transfer is higher than the level of verification you currently have.

Might be they check you out first since it is your first withdraw too.

I think it's best to contact dargo. Somehow the support is not really usefull at kraken. Might be that they are overworked because of the current performance issues too.
1045  Bitcoin / Bitcoin Discussion / Re: A teen is given $1K to invest into Bitcoin - what would you recommend for them? on: March 16, 2016, 10:06:35 AM
He could upload it on bitfinex and use the free MarginBot to lend the USD out to traders. He would receive around 20% a year. At least it was that way some months ago.

The risk would be that bitfinex is an exchange and exchanges can go down.

Investments are always risky. You should think of them the way that you might get 100% in a year on top of your investment but when you start you lose 100% and the question is open if you will get your investment back at all.

That is a tremendous return rate, is this still occurring? I don't generally trust exchanges with my coins but with a return like that and knowing that finex has so far proven reliable, I might give it a go.

I'm not aware of any investment offering that. Though be happy about it. All of these ventures ended in scam, inept businessmans or other problems. Everyone invested did lose more than they won.

is this the margin funding feature of bitfinex you are talking about?

i did a little search and read about it, i think it is not a fixed interest rate but a changing rate that you can set as an offer which can be lower.

can anybody explain with some numbers how much is the potential of earning this way

Yes, it is not fixed. It is a normal market where you offer the loan for the price you want and others take it.

That is why I suggested marginbot. Free on the forum. It creates the offers automatically and makes sure that your money does not lie around useless and is getting the best rates.

I used it some time and it brings in returns. I think I calculated it to 24% a year. Or even higher? Anyway, I'm not sure if the reward dropped in the last months but you might try it and find out for yourself.
1046  Economy / Exchanges / Re: [ANN] KRAKEN.COM - Exchange with USD EUR GBP JPY CAD BTC LTC XRP NMC XDG STR ETH on: March 16, 2016, 10:02:30 AM
Anyone else with SEPA withdrawal issues? Mine was put on hold and no response from support so far..

On hold or sending status? Mine was on sending until dargo checked out my support ticket. After that it went through. Don't know why it was not worked on.

Send dargo a pm with your ticket number...
1047  Bitcoin / Bitcoin Discussion / Re: Cost of maintenance of Bitcoin Network absurdly cheap on: March 16, 2016, 09:57:29 AM
Jet Cash


It would be more interesting to calculate the amount of power used by the bitcoin network per transaction. Sure, central banks have huge server farms but the amount of transactions they handle each day are enourmous compared to bitcoin.

If I remember correctly then there was a study that said that each bitcoin transaction eats the power that 1.XX average US-households use per day.

They will probably include the cost of running each node as a standalone functiion. I'm running core 0.12 as a background task whilst I do some other work on the computer. How much extra electricity is that going to consume?

Good question. Though I think the normal nodes are not the important part in electricity usage. The miners are. And that study said that the bitcoin protocol is 100 times more secure than needed. Means we have way way too many miners. Raising fees to reward miners is not needed, lowering rewards is needed to bring that into proportion.

I wish I could find the link to that study again. I think the energy usage per normal bitcoin transaction was said to be 1.25 or 1.75 average us-households use a day. Bigger transactions does use even more.

Well, at the beginning of the bitcoin protocol nobody thought we would have to fight an artificial restriction that limits the amount of transactions. The energy price per transaction can get cheaper the more transactions can be included in 10 minutes too.



MicroGuy


I read this great quote today, "In their introductory white paper, Danezis and Meiklejohn argue that the bitcoin network suffers from a scalability problem tied to its computationally intensive mining process, by which energy is expended to secure a reliable ledger of transactions."

Do these academics have any idea what it costs to keep the lights on for our current central bank authorities from their briefcases, to their choreographed press releases to their board room meetings and meet-ups, to the banks that administer their bidding and to all of the millions of personnel around the World.  I would just wildly estimate it to be about $500M - $1B per day verses Bitcoins $16M per day.

So technically being 2% or less the size of the current framework - " is not scalable" evidently.

The bitcoin network is growing to become an energy behemoth of apocalyptic proportions. If cryptocurrencies overtake fiat money (and I believe they will), it will become the social responsibility of these communities to make Satoshi's protocol more eco-friendly.

I lived through the unshackling of information by the Internet. As I reach the end of my lifetime, it will be my great honor to witness the unshackling of money by this great digital currency revolution.

But as we free the fiat slaves from their monetary bondage, it is essential that we also address the energy sucking reality of the POW lottery beast.

Block halving will do their part. Miners will stop to mine and we will be safe way more than needed. We surely don't need a fee market because that means more miners will stay active and use energy for bitcoin. It's a simple market. As long as the reward for mining is high enough more miners will flow in. Raise the reward and you raise the energy consumption by the network. And vice versa.

Some even want to compensate for block halving with a fee market. Guess as a miner it would make somehow sense. As a bitcoin user it makes no sense.
1048  Other / Politics & Society / Re: Bangladesh considering abandoning Islam as its official religion on: March 16, 2016, 09:49:42 AM
Secular and independent bloggers are getting chopped up in Bangladesh.
Expect more violence if this move gains momentum.

If true then it shows that sharia, demanded because of rapists, is misused as wished. Which is always the case when "belief" is ruling. It opens space to all kind of misuse.

Even when there are normal moslems promising to rule the country in a good way... past has shown that they might start that way but slowly getting more radical. So when I would live in such a country, I would never ever vote for a party that wants to rule after religious rules.
1049  Bitcoin / Bitcoin Discussion / Re: A teen is given $1K to invest into Bitcoin - what would you recommend for them? on: March 16, 2016, 09:45:11 AM
He could upload it on bitfinex and use the free MarginBot to lend the USD out to traders. He would receive around 20% a year. At least it was that way some months ago.

The risk would be that bitfinex is an exchange and exchanges can go down.

Investments are always risky. You should think of them the way that you might get 100% in a year on top of your investment but when you start you lose 100% and the question is open if you will get your investment back at all.

That is a tremendous return rate, is this still occurring? I don't generally trust exchanges with my coins but with a return like that and knowing that finex has so far proven reliable, I might give it a go.

I'm not aware of any investment offering that. Though be happy about it. All of these ventures ended in scam, inept businessmans or other problems. Everyone invested did lose more than they won.
1050  Bitcoin / Bitcoin Discussion / Re: What do you call someone with 1000BTC? on: March 16, 2016, 09:39:38 AM
Maybe he should be named "not so smart", because when it's known that he has that amount then it means he is like 100 normal banks nowadays. Banks only have a couple thousand in cash lying around to bank robbery makes nearly no sense anymore. And then there is a person holding 400k of it. What would a gangster do? Rob a lot of banks or have a very easy target?

I'm sure there are not many bitcoiners that would not cough out the privkey to their wallet when someone is putting in .... um... pressure.

So when it is know that someone has that amount of money then he either is the owner of a company, so it is needed to be known, or a private person that didn't care much about or is a show off.



delliaerd


You should consider posting more than one posts one after another. You wear a signature and you can get a ban for it.
1051  Bitcoin / Bitcoin Discussion / Re: Cost of maintenance of Bitcoin Network absurdly cheap on: March 16, 2016, 12:01:13 AM
It would be more interesting to calculate the amount of power used by the bitcoin network per transaction. Sure, central banks have huge server farms but the amount of transactions they handle each day are enourmous compared to bitcoin.

If I remember correctly then there was a study that said that each bitcoin transaction eats the power that 1.XX average US-households use per day.
1052  Bitcoin / Bitcoin Discussion / Re: A teen is given $1K to invest into Bitcoin - what would you recommend for them? on: March 15, 2016, 11:51:03 PM
He could upload it on bitfinex and use the free MarginBot to lend the USD out to traders. He would receive around 20% a year. At least it was that way some months ago.

The risk would be that bitfinex is an exchange and exchanges can go down.

Investments are always risky. You should think of them the way that you might get 100% in a year on top of your investment but when you start you lose 100% and the question is open if you will get your investment back at all.
1053  Economy / Trading Discussion / Re: Withdrawing Bitcoin anonymously? on: March 15, 2016, 11:47:00 PM
I think btc-e.com does still not proof identities. They are not operating officially because the country they are located in is not bitcoin friendly.

I think you can withdraw anonymously there. In the worst case they can only give out what they have. Which in fact turns it into an exchange used by scammers. Of course many users from developed countries use it too because other exchanges don't allow them to register.
1054  Economy / Economics / Re: Why not just print dollars? on: March 14, 2016, 05:13:32 PM
without Backup of Gold reserve government print Dollar then Currency value goes down and inflation increase.

Even with the back up of gold reserves, the currency will still devalue as too many notes are printed. You cannot exchange them for gold.

Huh? Gold reserve means that they only could print as much money as the gold they had in reserves was worth. It was backed by the gold. Only when the dropped that connection they could start to print like they wished.
1055  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] LuckyBlocks (BONUS) - Including Super Blocks paid out with BTC on: March 14, 2016, 05:11:18 PM
I sent Lucky Blocks a pm though I'm not sure he will answer because it seems he was not online since half a month.

Regarding the stuck chain, is it because no one is mining on the chain? Though it would be a strange block to halt, shortly before the next bonus reward.

Anyway, I still hold some bonus block rewards in the escrow address. I checked the status and found the following:

We had 8 investors. I'm not sure if everyone followed the rules about how to be able to verify himself though.

I think all blocks except block 40k, 70k and 80k were claimed. At least I only found claims for the other blocks. Maybe someone can tell me the date of the 40k found so I can check especially then if it was claimed. But I think the miner forgot or did not care about.

Questions that come up now are what happens when the chain gets fixed and miner claim the 70k and 80k blocks? Or the 40k one. Iam the escrow and so the question would come up why I released those coins. So it has to be sure that the coin is dead.

Next thing, did no initial investor sell? I did not observe the prices so I wonder if every initial investor would be the one with the damage or maybe someone who bought his coins and lost because of value was going down. Of course it could mean that someone bought it up now in the hope of a partly refund.

I think there are some points to discuss and maybe the issuer says something, though I see he was not online since a long time.
1056  Economy / Exchanges / Re: [ANN] KRAKEN.COM - Exchange with USD EUR GBP JPY CAD BTC LTC XRP NMC XDG STR ETH on: March 14, 2016, 04:31:52 PM
Does kraken have sepa withdrawal issues? I did a withdraw on saturday and today, on monday, it's still pending. I guess such a website can't send their employees on weekend so why was it not yet processed? I waited for the money and now it is not even sent?

Normally it went pretty fast into status success as far as I remember.

I already created a ticket though I wonder when I will get an answer...

I believe it's stated that you should wait 3-5 business days before opening a ticket. From my understanding withdrawals are processed once every business day around 12 UTC -- today, Monday the process should be initiated.

Ah ok, thanks. Hope it happens still since it is still in that status and 12 UTC should be over already. Maybe they have many withdraws to work on.

Might be that I only withdrew in a week till now. So I did not see that they don't process on weekends.

Let me know if it still says pending - if so it sounds like there is an issue and you should open a support request (and can PM me the request number).

Still nothing 4 and a half hour after 12 o'clock UTC.

Thanks for the offer, I will pm you my support ticket.

So far I had no errors or something like that when trying to withdraw.
1057  Economy / Exchanges / Re: [ANN] KRAKEN.COM - Exchange with USD EUR GBP JPY CAD BTC LTC XRP NMC XDG STR ETH on: March 14, 2016, 01:28:54 PM
Does kraken have sepa withdrawal issues? I did a withdraw on saturday and today, on monday, it's still pending. I guess such a website can't send their employees on weekend so why was it not yet processed? I waited for the money and now it is not even sent?

Normally it went pretty fast into status success as far as I remember.

I already created a ticket though I wonder when I will get an answer...

I believe it's stated that you should wait 3-5 business days before opening a ticket. From my understanding withdrawals are processed once every business day around 12 UTC -- today, Monday the process should be initiated.

Ah ok, thanks. Hope it happens still since it is still in that status and 12 UTC should be over already. Maybe they have many withdraws to work on.

Might be that I only withdrew in a week till now. So I did not see that they don't process on weekends.
1058  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread on: March 14, 2016, 10:42:57 AM
I now saw that every order someone creates costs a fee of at least 0.0003 bitcoin. That's $0.13 for every order. And then you have the restriction of the order staying alive for 6 days only. I guess an order can't be cancelled?

Man, this all disappoints me. I neve got the idea that it would not be possible to establish a normal orderbook on counterparty.

Guess the only option is to handle an orderbook on a thread or on otc or so. :/

For many purposes a traditional exchange is better (faster, free order placement, etc)
The DEX is quite popular for trading Spells of Genesis cards. It enables you to trade cards with anyone online at no risk.

In Counterwallet you can set the expiration through settings. The fee is unfortunately not possible to change in the GUI. If it is $0.13 I believe most of it is redeemable multisig.

You mean most of the fee can be gotten back when it expires?

Well, I'm only surprised that colored coins are not able to create a normal orderbook like on exchanges. Though I don't know much about the tech behind. It's unfortunate since it means everyone has to trade outside of the wallet. I know the dex can be included as a plugin or so but that does not help for the occasional trader. The normal trader searches the orderbook it's empty and that was it for him.

I would not want to use traditional exchanges anymore because of the security risks on there.

NXT is too difficult, high learning curve, and even though shares can be traded there paying out bitcoins as div is complicated and not working out of the box. Naturally, since shares are bound to nxt addresses and not to bitcoin addresses.

When I would use the dex for offering shares, then is it used to trade traditional shares on there too or is it practically only for gaming cards?
1059  Economy / Exchanges / Re: [ANN] KRAKEN.COM - Exchange with USD EUR GBP JPY CAD BTC LTC XRP NMC XDG STR ETH on: March 14, 2016, 09:37:53 AM
Does kraken have sepa withdrawal issues? I did a withdraw on saturday and today, on monday, it's still pending. I guess such a website can't send their employees on weekend so why was it not yet processed? I waited for the money and now it is not even sent?

Normally it went pretty fast into status success as far as I remember.

I already created a ticket though I wonder when I will get an answer...
1060  Economy / Scam Accusations / Re: Master-P's scammed funds summary. Post your case here if you were scammed. on: March 14, 2016, 09:25:35 AM
I could go to his house in Aurora and ask nicely if you want. 
bring a video camera!

Better use a smartphone. A video camera will let him look and close the door instantly. There are apps for recording a video with the smartphone while it is closed.

Though I think he will not open anyway now that he knows a stranger will show up on his door in some time.

Well, live of a scammer seems not to be the cool gangsta life. Cheesy
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