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I bought mainly US dollars. Other than that, some mining contracts and also one t-shirt.
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Exchanges I use have been around for a while, are registered businesses with authorities, and names of at least some people involved are known. In some ways, I trust their security practices more than my own. If you are going to tell me "told you so" if one of them disappears with the coins, be prepared to tell me "told you so" if my local machine gets compromised, or my wife runs away after sweeping the paper wallets, or I forget the brainwallet passphrase. The point being, no btc storage is 100% secure for an average user. We all weigh our risks, based on our IQ, knowledge, and the ability to judge them.
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Only a little bit more than what is necessary for me to do what I need to do. Having said that, I am comfortable with MtGox and VirtEx, and with two-factor authorization even more so.
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On the topic of virusscanners: Many of them report false positives on things like cracks.
This explains a lot. |
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I see no problem here, except the card not being available as of today.
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Think NFC implants at various locations, both for the customer and the service provider. Oh, you had your finger there, that'd be BTC0.015, and your whole fist in there for 20 minutes, that'd be BTC0.666, and...
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People are stealing GPS units out of tractors. They only cost $8,000 USD to replace. The only thing they're good for is steering the tractor sans hands and are accurate to one inch during planting, harvesting, etc.
So, the only market to sell the stolen unit at is the one you created by stealing the unit? |
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The total sum is a little over 150k, with some claims are ranges instead of accurate numbers. It's rather close to the total shares in circulation before GLBSE was shut down. If there are no significant refusal or missing of claims, we truly admire the honesty of claimers as a whole.
This data will be used if GLBSE fails to deliver us their version before we start to mine and pay our dividends. Of course, it is still much better that we could get the GLBSE data and we will never have to use it.
First of all, thank you for finding time to send the confirmation email. As for the honesty, it is worth noting that even if GLBSE fails to deliver information before you start mining, nobody (including dishonest people) can be sure that this information will not become available in the future, thus revealing any dishonesty. Anyway, you should now focus on important jobs at hand - fab, packaging, PCBs, and programming. Shares and payouts can be worked on once chips are hashing. |
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To any shareholders who haven't made claims yet, please report your shares to ( fnnirvana@gmail.com) with your e-mail address, your number of shares, and your Bitcoin address. The collection of claims could not last forever. We would in principle stop collecting claims on forum time 23:59:59, Nov. 18th. Any claims after that should come with very solid proof. It might be a good idea to send confirmation e-mail to claimants a few days before the deadline. What if the e-mail was lost somewhere in the pipes? I wouldn't want to lose my shares because of a typo I made.
+100 Yes it is. We will send confirmation e-mail to claimants we haven't sent confirmation mails to. I emailed my claim on October 10, but have not received any confirmations. I just sent another email again. Please respond. Thanks! |
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An important distinction: if it's on mainnet, it's not "testing" - it's "mining". There's testnet-in-a-box available for testing.
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Would it hurt to start asking shareholders to submit their claims to you now? Perhaps it would turn out that no p2p trades are claimed. Even if they are claimed, both seller and buyer would need to claim their part, and it would all need to add up in your book.
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Sure, Ian may know who purchased shares using his "special deal." But who's to say that nobody sold those shares on the open market?
In my opinion, until Nefario decides to do something, there is not much that any asset manager can do.
And everyone will just have to wait (essentially all assets frozen) until that time.
It's not that big of a problem, as only 54 shares were sold in the open market. Even if someone lies to not have sold them, they are risking their reputation for ~$80, and we can easily absorb that loss. Based on the GLBSE trade history available in https://bitcointalk.org/index.php?topic=117491.0we can see that there were a total of 52 trades of BAKEWELL, for the total of 610 shares worth 91.03 coins. Note that trade history file does not include private transfers. Out of these 610 shares, only 54 were traded below BTC0.15, for the total value of BTC7.63. I'd say even if we don't get info from GLBSE, it won't be hard to figure out ownership based on what everyone claims. Many people, I am sure, will have some kind of personal ledger they've kept, and the rest can be calculated, as it all needs to add up. |
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What's interesting is that it allows people with blogs to accept bitcoin donations and then use those bitcoins directly to pay for extra services.
It creats a closed economy for the bloggers.
A blogger from Iraq/Kenya/Cuba can get now hold of bitcoins simply by blogging.
Excellent point, and a good answer to my concern below:
Pay Another Way: Bitcoin
At WordPress.com, our mission is making publishing democratic — accessible and easy for anyone, anywhere. And while anyone can start a free blog here, not everyone can access upgrades (like going ad-free or enabling custom design) because of limits on traditional payment networks.
Today, that changes: you can now buy WordPress.com upgrades with bitcoins.
PayPal alone blocks access from over 60 countries, and many credit card companies have similar restrictions. Some are blocked for political reasons, some because of higher fraud rates, and some for other financial reasons. Whatever the reason, we don’t think an individual blogger from Kenya, Haiti, Cuba, or Iraq should have diminished access to the blogosphere because of payment issues they can’t control. Our goal is to enable people, not block them.
This is good news, but: How exactly is this target group supposed to get hold of bitcoins? Oh, right. There are no bitcoin exchanges in Kenya, Haiti, Cuba, or Iraq. I am not being sarcastic, but genuinely concerned about this problem. Thank you, dancupid! |
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Going strong pushing 650mhash per card (they are running at 1100) with zero downtime.
I was hoping to overvolt the cards a bit and push them up to 1200ish, but I don't want them to go down while I am out during the day should the ambient temp rise.
Yep, back in my mining days I came to conclusion that stability is more profitable than those elusive extra 50 MH/s per card. Keep on hashing! |
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Please share your impressions if you've recently done a USD withdrawal from MtGox via international wire transfer.
MtGox estimates ~$20 fee on their bank's side, my bank is supposedly charging $10 for incoming wires. Any intermediate fees?
Also, how speedy was the whole process?
Thanks!
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Revo Uninstaller is shit, don't use it!
Backup wallet.dat to safe place. Uninstall Bitcoin. Delete Bitcoin directory from Users/<Username>/AppData/Roaming/Bitcoin and install Bitcoin again. Copy the wallet.dat back in place.
Yes. Then come back here and let us know how it's going. |
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If centralization is a concern, I would like to suggest that as new data is gathered a blog is made to track the trends that would lead to mining becoming overly centralized. Then we won't have to beat this dead horse any more. I for one would enjoy reading it on occasion.
Centralization is bad. It is something miners should be concerned with.
Now we need some plans of action based on data backed facts.
IMHO.
Cheers.
Would this suffice? http://blockorigin.pfoe.be/chart.phpShows the pools (each operator presumably being indepentant), and the "unknown" - which may be a collection of solo miners (including ASIC manufacturers). Yeah I think this is a good way to evaluate distribution also organofcorti has a blog on this as well: http://organofcorti.blogspot.ca/2012/11/11th-november-weekly-pool-statistics.htmlHowever it doesn't get in to the little details. I suppose some nefarious miner could be running 50%+ distributed over the different pools but it is *some* information. How would you perform a 50%+ disruption if you are mining in pools? You would have no say whatsoever on what operators dowith the blocks. You'd need to go solo, and that would show as "unknown" in the data I quoted. |
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source: http://en.blog.wordpress.com/2012/11/15/pay-another-way-bitcoin/
Pay Another Way: Bitcoin
At WordPress.com, our mission is making publishing democratic — accessible and easy for anyone, anywhere. And while anyone can start a free blog here, not everyone can access upgrades (like going ad-free or enabling custom design) because of limits on traditional payment networks.
Today, that changes: you can now buy WordPress.com upgrades with bitcoins.
PayPal alone blocks access from over 60 countries, and many credit card companies have similar restrictions. Some are blocked for political reasons, some because of higher fraud rates, and some for other financial reasons. Whatever the reason, we don’t think an individual blogger from Kenya, Haiti, Cuba, or Iraq should have diminished access to the blogosphere because of payment issues they can’t control. Our goal is to enable people, not block them.
This is good news, but: How exactly is this target group supposed to get hold of bitcoins? Oh, right. There are no bitcoin exchanges in Kenya, Haiti, Cuba, or Iraq. I am not being sarcastic, but genuinely concerned about this problem. |
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