And no, these are ponzi schemes. Saying "this is a ponzi" doesn't not make it a ponzi. Here's how you can tell that something is a ponzi scheme: IF THE PERSON RUNNING IT SAYS THAT IT IS A PONZI SCHEME!
the definition of ponzi does not say anything about the customer knowing it is one or not. but: i think ponzis which are advertising themselves as gambling are ok. i have a problem with ponzis marketed as an investment |
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why do people post these threads??? what are they hoping to achieve  sometimes people just seeking answers to questions they have. not everybody has an agenda |
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No cental authority remember? Who said that ponzi scemes run by bitcoin are illegal?  at least the forum does have enough money, so i'd be interested to see the outcome if anyone tries suing them |
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Its also actually illegal to wear masks in public in a lot of countries. Shall we ban people selling masks in order to preserve Bitcoin's good name? Some laws are stupid and vary from place to place. If you are in the U.S or another country where ponzi schemes are illegal, don't use them. If you are in Zimbobwe, the Congo, or a few other assorted countries where no one cares about ponzi schemes, have at it. The forums doesn't restrict content just because its illegal or "bad" in someone's jurisdiction, Bitcoin is a global project, it would be stupid to limit it based on individual country's jurisdictions. If you want to obey your country's laws, great. Don't expect people not in your country to also respect those laws.
as most countries forbid advertising of illegal stuff (eg weed, ponzis) it is also important where the bitcointalk server resides but i do totally agree with you about self-responsability |
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i am providing liquidity in USD, however my local currency is EUR. can anyone recommend a cheap way to hedge EUR/USD so i can be immune to exchange rate swings?
open a usd short position with eur. obviously you need another market for that |
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Does "english speakers" included people who speak english as a second language?
i thought so  |
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Likelihood for a change
thanks |
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does the phrase "for the time beeing" imply any duration or likehood for a change?
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bitmixer seems legit.
but there is no way to be sure... just use small amounts you are comfortable with
thank you. I just tried this and it worked fine. Its in your sig. You should be a little more confident about the service  how could i? its the same with exchanges and online wallets. as soon as coins left your control they are not yours anymore. my sig is advertising. i am willing to advertise any business which i feel is good and which handles their customers properly. that does not mean i would trust them with a huge amount. i did in the past (with other businesses) and got burned hard multiple times. |
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bitmixer seems legit.
but there is no way to be sure... just use small amounts you are comfortable with
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Satoshi actually included a very useful mechanism in the protocol specifications and data structures which was implemented but is 'disabled' in BitcoinQT.
Using the sequence and lock_time fields prevents a tx from being replaced by another tx after the specified time (or block number, or ever if sequence = UINT_MAX). Essentially all transactions being broadcast have sequence == UINT_MAX, so they should never be replaced if the protocol is followed.
Any "replace-by-fee" mechanism that ignores the sequence and lock_time fields would not only be considered broken by Satoshi, it would introduce a huge and entirely unnecessary vulnerability to 0-conf transactions.
Replace-by-fee is a very bad idea.
but we cant force miners to do it. if i where still a miner i'd try to maximize my profits. |
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err? this sounds like a scam from page one. and now there are people investing in an exact copy because the owner sold? are you fucking kidding me? |
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No
0-conf should only be trusted for small amounts or digital goods which are revokeable (eg usenetprovider).
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nodejs is quite simple as there are good working apis for most exchanges ready.
you may take a look at gekko (just search this forum) as a starting point
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How will the network operate after all Bitcoins are mined? I have no idea!
we have 20 more years to figure it out - and perhaps only transaction fees will make this possible.. I do start to worry about the time when mining reward become to zero. I remembered that each block size has limitation of 1 MB . So the average transaction number per second is about 7. Total max transaction number of a block is about 7(transaction)x60(sec)x10(min)=4200 We used to decided transaction fee in terms of fiat so no matter what price of a btc is, the fee is always low. So if the price of each transaction is 0.1 usd, the average total transaction fee of a block is just 4200x0.1=420 usd which is far from current earning. Where am I wrong? you are wrong, because there will be more transactions then 7/sec. so all transactions will fight for their place in a block and everybody will obviously prefer high fee over low fee pools can even decide for themselve what min fee they require a transaction to have before they will include it EDIT: i forgot: as there will be less coins created its likely the price will be higher |
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This thread is comedy gold. How to even proof that coins are stolen? We cant proof this even for mtgox  |
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I've noticed a lot of people store their Bitcoins on Blockchain.info. Is there something more secure about keeping your Bitcoins on there, then say Coinbase.com? What does Blockchain.info offer as an online storage system that should make me feel like my Bitcoins are nice and safe? Am I missing something, because it looks like a great service and I'd love to use it.
I usually store trivial amounts of BTC (<$500) in my Blockchain.info, because even though they never receive the unencrypted private keys, they can still go down. I ALWAYS recommend a desktop client for storing large amounts of Bitcoin. blockchain.info allows backups per mail and dropbox. so its not a problem if they are down (but i never had that problem though) i only use them for small amounts too. big amounts need to be locked |
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[quote author=max. link=topic=493791.msg5445660#msg5445660 the price of bitcoin is based on nothing and the other exchanges are doing the same to fix an artificial price of bitcoin that is not real.
[/quote]
as long as i can sell btc for the quoted price and get the money in my bank account(and vice versa) it seems real to me.
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what i have done: brought up a linux vm made a new address and simple wrote it down.
You wrote down the entire private key, by hand That sounds like a very dangerous and error prone process. i did it three times to be sure but i wont do it again |
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the difference between coinbase and blockchain.info is that you stay in control of your private keys and the server never receives them unencrypted.
so i trust it more than most other online wallets.
but: never store all eggs in one basket. everything is hackable ;(
Thanks. That makes sense. Side note, if i print physical wallets from Coinbase.com...is there any chance that the private keys associated with those physical wallets are compromised? Should I transfer the Bitcoins from Coinbase.com to another service like Armory...and then print? Or am I just being paranoid? paranoia is when you only think they are behind you. in this case you know they want your coins it all depends on the amount. theoretically even your printer could have a malicious firmware which scans the qr. but it is unlikely. what i have done: brought up a linux vm made a new address and simple wrote it down. |
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