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1141  Bitcoin / Bitcoin Discussion / Re: "All cryptography is breakable" criticism on: July 30, 2012, 07:58:40 PM
The thing is, Bitcoin uses more than one form of cryptography: SHA256, RIPEMD-160, and ECDSA.

RIPEMD-160? For what is this one used in bitcoin? (guessing attempt, to create the address from the public-key?)

Step 3 in https://en.bitcoin.it/wiki/Technical_background_of_Bitcoin_addresses
I am now blown away.
why?
1142  Other / Politics & Society / Re: ayn rand on: July 30, 2012, 05:39:47 PM
she understood the depth of Marx more than he did himself.

That may very well be right if we are talking about people and personalities. But even though my views are closer to hers, I would label Marx as an important philosopher and Rand a mediocre writer. I hope it makes sense. I acknowledge that she was onto something but there is a long way to go for it to become a sound philosophy.


Marx was important in the same way that Hitler was, by the damage he caused, his "philosophy" of people who have are criminals so take what you want from them is like heroin to undeveloped minds, pleasing and damaging.
Please don't compare Marx to Hitler. They are not the same at all! you could compare Stalin and Hitler if you really wanted to.

just because you don't agree with Marx's philosophical point of view don't compare him to a dictator that committed genocide. its a false argument called "ad hitler rum"(fuck the spelling.)

Comparing him only in the damage done, in fact the followers of Marx have done far greater damage, death, destruction and robbery than anything Hitler ever accomplished. Moa killed between 40-80 million as a direct result of his policies, forgot how many Stalin killed (15 million?)
You do know that most people supporting Marx, do not support crazy dictators, right?
People in the soviet union, specifically Lenin, was not happy about Stalin becoming the new leader. Lenin did not trust Stalin.
I don't know much about Mao, but if i was a Marxist, i would not be happy about him.
1143  Other / Politics & Society / Re: ayn rand on: July 30, 2012, 03:56:33 PM
she understood the depth of Marx more than he did himself.

That may very well be right if we are talking about people and personalities. But even though my views are closer to hers, I would label Marx as an important philosopher and Rand a mediocre writer. I hope it makes sense. I acknowledge that she was onto something but there is a long way to go for it to become a sound philosophy.


Marx was important in the same way that Hitler was, by the damage he caused, his "philosophy" of people who have are criminals so take what you want from them is like heroin to undeveloped minds, pleasing and damaging.
Please don't compare Marx to Hitler. They are not the same at all! you could compare Stalin and Hitler if you really wanted to.

just because you don't agree with Marx's philosophical point of view don't compare him to a dictator that committed genocide. its a false argument called "ad hitler rum"(fuck the spelling.)
1144  Economy / Lending / Re: [DONE] Selling Bitcoinica's debt. 35 btc loan. on: July 29, 2012, 05:09:33 PM
not crying, solving problems.

i would use bitcoinica again, iff it was not run by the same incompetent people.
1145  Economy / Lending / Re: Selling Bitcoinica's debt. 35 btc loan. on: July 29, 2012, 02:52:26 PM
25 BTC Loan
40 BTC Payback

PayBack Schedule
December 1st, 2012 18.75

If Bitcoinica pays back before Dec 1st 2012 PayBack will be 40BTC
If Bitcoinica pays back after Dec 1 st 2012 payback will be 21.25  (ie. 40BTC - 18.75 Paid on Dec. 1st 2012.)

Send me an address.
Deal.

14Ub6uBpPGYHMEbr7deUAr5FxP6L2jdNef

Thank you!
1146  Economy / Lending / Re: Selling Bitcoinica's debt. 35 btc loan. on: July 29, 2012, 02:24:08 PM
If Bitcoinica does part-payback but not 100% payback, does the part-payback go to the lender or to you?
to the lender of course. Anything i get from bitcoinica, related to my claim, will go to the lender.

Would they get the partial payback and the 18.75?
yes but, only up to 40 btc

example 1:
in december i payback 18.75 btc.
in januar i gets paybacked my 40 btc
i then payback 40-18.75 btc = 21.25btc.

example 2:
in december i payback 18.75 btc.
in januar i gets paybacked a part of my 40 btc, 20 btc
i then payback 20 btc, and have a rest debt of 1.25btc, in case bitcoinica pays me back the other 20btc(or just 1,25btc)


in any case i will maximally only payback 40 btc, but 75% of the loan will be payed back.
1147  Economy / Lending / Re: Selling Bitcoinica's debt. 35 btc loan. on: July 29, 2012, 01:09:22 PM
If Bitcoinica does part-payback but not 100% payback, does the part-payback go to the lender or to you?
to the lender of course. Anything i get from bitcoinica, related to my claim, will go to the lender.
1148  Bitcoin / Bitcoin Discussion / Re: Statement about the suspect of recent Bitcoinica hack on: July 29, 2012, 12:21:02 PM
I'm trying to squeeze funds to see if I can compensate more personally, but I'm not in a very good financial condition. If NameTerrific is profitable in the future, I will be happy to contribute more personal funds to help Bitcoinica customers.

Look at this liar!

I have heavily invested in Bitcoin (I purchased one 1,000 BTC gold coin from Casascius and will keep it for as long as I can).

1,000 BTC is definitely not enough to compensate the shortfall is Bitcoinica still insolvent. Also it won't make my financial condition any better. My tuition fees are A$30,000 per year. By my estimation I won't be able to survive without any income until mid-2013.

Also I planned to invest majority of my bank savings into Australian shares (Telstra is climbing... :-( ), and it seems that this plan has to be pulled off as well. (I made the plan when I received about $10,000 from Bitcoinica every month. The salary lasted for only 2 months.)

We have noticed  that it is much more effective when you target friends and family. Xavier is not going to be happy with you Zhou. This is my FINAL WARNING. Send to: 1HJc5VLMpFCQJg2maP9wGuCo3NAgwaCJQj

Maria. 17,000 BTC
shut up bitch! nobody is affariad of you, you have said the words FINAL WARNING more then 100 times on this forum, you are a liar, a scammer, and not really entertaining anymore. go back to your kitchen.

btw. you own me 5 btc.
1149  Economy / Speculation / Re: namecoin down! related to bitcoin prices? will it go up again? on: July 29, 2012, 09:37:42 AM
Where can you trade NMC for USD?  Most places only let you trade NMC for BTC.
btc-e, i think does it. but bitparking haves most volume, thats why i trade there.
1150  Economy / Lending / Re: Selling Bitcoinica's debt. 35 btc loan. on: July 29, 2012, 08:58:09 AM
BUMP! edited OP! still looking for lender.
1151  Economy / Lending / Re: Selling Bitcoinica's debt. 35 btc loan. on: July 28, 2012, 08:12:24 PM
yes but the 50% back doubles that, so 32btc, if you thrust me 100% that im keeping my word.

You got your math wrong Smiley If there is a 40% chance that the 40 BTC are sent back, and a 60% chance that they are not (meaning the lender will receive only 15 BTC), then the expected value is 40*0.4+15*0.6=25. So it would be a bad operation to give you 30 BTC for this.

If P is the probability of Bitcoinica money being paid back (between 0, default, and 1, certainty), then people should buy this option for no more than 80*P/(P+1). So, if lenders think that there is a 40% chance that Bitcoinica pays back, they should not pay more than 22.85714286 BTC in any case. And even that would mean a 0% loan for many months in the "mean" case.

With a 10% chance of payback, the maximum that a lender should lend is 7,27272727 BTC.
We came to the same conclusions, just phrased differently (e.g. I said "lose 5" you said "EV of 25"), except for that last bit. The maximum the lender should lend is 17.5 BTC. You forgot the 15 BTC guarantee.
.1 * 40 + .9 * 15 = 17.5
Obviously, the lender is also losing time value and is the one running the risks. The factor of most importance, in any case, is how much the lender trusts kokjo and Bitcoinica to keep their words.
its not a 15btc back guarantee, its a 50% back guarantee. i understand the math now.
1152  Economy / Lending / Re: Selling Bitcoinica's debt. 35 btc loan. on: July 28, 2012, 08:08:12 PM
new terms:
25 btc loan.
75% garenteed payback by christmas(18,75 btc).
full 40 btc repayment when/if bitcoinica pays me back.


the math are:
chance*(debt-loan)+(1-chance)*(-loan+payback*loan)

so on a 30% chance that bitcoinica will payback, lender wins.

Fair?
1153  Economy / Lending / Re: Selling Bitcoinica's debt. 35 btc loan. on: July 28, 2012, 07:16:34 PM
hi! bitcoinica still owes my 40 btc.
i would like to take a 35 btc loan, and return 40 btc if/when bitcoinica pays back my 40 btc.
i will return nothing before bitcoinica pays me back.

Maybe Zhou Tong or the Bitcoin Consultancy will loan you the 35 BTC, because that's an awfully bad deal for anyone else lol

Good luck Tongue
how low do you think i should set the price before someone makes a offer? 30btc? 20btc?
should i provide 50% back guarantee by christmas?

None of that will solve the "i will return nothing before bitcoinica pays me back." problem, because the most certain is that you won't get a dime back.
Even if you guarantee 50% back by Christmas, they will still lose.
i know, but i though someone might be willingly to take that risk...

i would take the offer of loan 30btc payback 40btc, and 50% (15btc) by christmas, if i had btc enough, and the loan taker was a reputable forum member.

Basically, you're offering gambling on a Bitcoinica payback. The problem is, you have the wrong odds. 35/40 is 87.5% Roll Eyes
Personally I think Bitcoinica has a 10% chance of paying back, so I'd buy your debt for less than 4 BTC. Not 35.
i think there is about 30-40% chance they will payback, but i kind of need the money now, thats why i tried to sell their debt.
You value their debt too high then. You'll find very few people who think that Bitcoinica has a 40% chance of paying back, and even if that is the case, the debt is worth no more than 16 BTC.
yes but the 50% back doubles that, so 32btc, if you thrust me 100% that im keeping my word.
1154  Economy / Lending / Re: Selling Bitcoinica's debt. 35 btc loan. on: July 28, 2012, 06:17:04 PM
hi! bitcoinica still owes my 40 btc.
i would like to take a 35 btc loan, and return 40 btc if/when bitcoinica pays back my 40 btc.
i will return nothing before bitcoinica pays me back.

Maybe Zhou Tong or the Bitcoin Consultancy will loan you the 35 BTC, because that's an awfully bad deal for anyone else lol

Good luck Tongue
how low do you think i should set the price before someone makes a offer? 30btc? 20btc?
should i provide 50% back guarantee by christmas?

None of that will solve the "i will return nothing before bitcoinica pays me back." problem, because the most certain is that you won't get a dime back.
Even if you guarantee 50% back by Christmas, they will still lose.
i know, but i though someone might be willingly to take that risk...

i would take the offer of loan 30btc payback 40btc, and 50% (15btc) by christmas, if i had btc enough, and the loan taker was a reputable forum member.

Basically, you're offering gambling on a Bitcoinica payback. The problem is, you have the wrong odds. 35/40 is 87.5% Roll Eyes
Personally I think Bitcoinica has a 10% chance of paying back, so I'd buy your debt for less than 4 BTC. Not 35.
i think there is about 30-40% chance they will payback, but i kind of need the money now, thats why i tried to sell their debt.
1155  Economy / Lending / Re: Selling Bitcoinica's debt. 35 btc loan. on: July 28, 2012, 05:53:26 PM
hi! bitcoinica still owes my 40 btc.
i would like to take a 35 btc loan, and return 40 btc if/when bitcoinica pays back my 40 btc.
i will return nothing before bitcoinica pays me back.

Maybe Zhou Tong or the Bitcoin Consultancy will loan you the 35 BTC, because that's an awfully bad deal for anyone else lol

Good luck Tongue
how low do you think i should set the price before someone makes a offer? 30btc? 20btc?
should i provide 50% back guarantee by christmas?
1156  Economy / Lending / [DONE] Selling Bitcoinica's debt. 35 btc loan. on: July 28, 2012, 05:39:05 PM
hi! bitcoinica still owes my 40 btc.
i would like to take a 35 btc loan, and return 40 btc if/when bitcoinica pays back my 40 btc.
i will return nothing before bitcoinica pays me back.


New terms:
25 btc loan.
75% garenteed payback by christmas(18,75 btc).
full 40 btc repayment when/if bitcoinica pays me back.
1157  Bitcoin / Bitcoin Discussion / Re: Statement about the suspect of recent Bitcoinica hack on: July 28, 2012, 01:58:47 PM
WTF!!! Huh the money is back? Cheesy

can i have my 40 btc now, please?
1158  Economy / Speculation / Re: #1 most popular Bitcoin Price Forecasts (subscribe here: bitcoinbullbear.com) on: July 28, 2012, 01:45:55 PM
this thread used to be interesting, now its just advertisement spam...

... maybe no need for this thread to be interesting.

S3052's member forecast is fully on track - thats a lot more important !


S3052 - thanks for your service.
brainwashed zombie reply detected.

so you are a loyal member of S3052 subscription service, eh?
1159  Other / Politics & Society / Re: ayn rand on: July 28, 2012, 09:36:01 AM
http://xkcd.com/1049/

my only comment to ayn rand threads, read the mouse-over.
1160  Other / Politics & Society / Re: Wtf is the government thinking on: July 28, 2012, 09:31:45 AM
by smoking in public places, you are forcing other people to smoke indirectly.

so its okay for you to force something upon others, but its not okay that the government does it?

Turn off your car and I'll put out my cigarette.
deal! i don't have one Tongue
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