if there was a way to make bitcoin insurance actually profitable in the early stages, i think this would be huge
think about how seriously insurance companies investigate their claims-- i imagine there would be some very intimidating questions to answer regarding why the police report wasn't filed or why best practices weren't followed with wallet security.
edit:
now that i think about it, it's too bad a big player didn't have the funds/inclination to hire the appropriate people from insurance backgrounds and an army of lawyers to start that sort of thing up.
no insurance? i won't do business with you
yes insurance? they'll pound your ass into the ground on behalf of the depositors for negligent behaviour
No respectable insurance company is going to insure a site that doesn't have regular security and account audits. Them asking questions after the fact about wallet security would just be idiotic, unless the exchange hid stuff from them. well that's sort of my point, being insured or insurable would help get us through this garbage phase with large online wallets being mishandled i don't think we're audited would have the same marketing appeal as we're insured |
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I feel like this community would speculate why an ant walks the way he walks if you were bored enough.
Community is currently speculating how this ant which had all its legs torn off, is going to walk in 3 days time to win the bet. i just got a creepy omen feeling, so i'd like to say: in case mr. wright's peculiar behaviour isn't ego-mania but is bipolar-mania; if you do lose the bet and your mood crashes please, don't do anything.. drastic |
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if there was a way to make bitcoin insurance actually profitable in the early stages, i think this would be huge
think about how seriously insurance companies investigate their claims-- i imagine there would be some very intimidating questions to answer regarding why the police report wasn't filed or why best practices weren't followed with wallet security.
edit:
now that i think about it, it's too bad a big player didn't have the funds/inclination to hire the appropriate people from insurance backgrounds and an army of lawyers to start that sort of thing up.
no insurance? i won't do business with you
yes insurance? they'll pound your ass into the ground on behalf of the depositors for negligent behaviour
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Unfortunately, I've never known anyone who does drugs so I couldn't tell you. I'll take your word for it though.
i'm not sure what to make of this quote but if i may assume you're an adult who knows people, you might have been misled |
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I predict: <_matthew_> Oh look, another genius has a question about my bet. What's it going to be this time-- how do you feel about your bet now? Do you really have the money? How come you didn't use escrow? Do you have insider information? Does knowing how to stick my foot up your ass count as insider information? A week from 9/5 would be 9/12... 3 days after the bet ends. Hopefully we know the answers to the majority of those questions by then. you might not have noticed, but meth fueled maniacs have a hard time with details like what week they're in or meeting deadlines. that type of thing. it's just $400,000 after all |
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There is a joke within many tech circles that anything that is stated to be out in "five years" is vaporware.
Seriously, for whatever reason everything is always just five years away. It must be some magical time frame that is far enough in the future that no one expects you to have any actual evidence, but close enough for people to get excited about it.
this certain things are always 3-5 years away |
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has the press actually picked this up other than that one local paper?
no one seems to be taking it seriously
edit:
this is why casino's like me
red!
sir, it's hit black
I SAID RED
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Maybe if he hired a team of security experts *cough*  or maybe not... With what money? Bitfloor was netting 0.3% per transaction, and its monthly volume was like 60k BTC. So it was profiting 180 BTC per month. That's not enough to hire even one security expert, let alone a whole team. pretty sure that was a dig on bitcoin consultancy if not, it should be taken as one |
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between this, bitcoinica, and pirate, i believe that's 3 strikes thanks for nothing, bitcoin. |
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so, the super duper genius people who figured out what pirate does, maybe you can offer some insight
i don't understand why pirate wouldn't do forced withdrawals over time to wind things down, instead of continue the ponzi outline to a T
also, for someone who was so insistent on allowing immediate withdrawals, isn't it contradictory to suddenly hold everyone's coins hostage without notice?
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hope i'm not messing up your thread, but it's weird what you were saying about masking profits, and now they seem to be skyrocketing after the IPO announcement
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guys guys my dick is bigger than pirate's pay attention to me instead
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you know, taking this bet is probably a good idea
since there's a timeline involved
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That said, just because we don't know what's happening doesn't mean it is a scam with 100% certainty, and accusations should be made accordingly. , Ok, so if we find out this was a ponzi with 100% certainty, do you think all the FUD being spread was unwarranted? Considering it hit all the red flags (which is the only way to detect a ponzi, and as far as I know there are no examples of legit businesses hitting them like that) and considering what's at stake? Do you also scold people who passionately warn others to encrypt their wallets, backup private keys, and maintain control of their own BTC? I mean, you don't know for sure they're going to get hacked or have a hard drive crash, after all. |
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What gets me is that as far as I can tell, most of his "friends"/large lenders aren't saying much.
I would be raising the heat if I was in their shoes.
Maybe they are scared of him getting mad at them too and moving THEM to the back of, or OFF the line.
OR maybe he already started the payments and is asking his lenders to remain silent, just for the Lulz. if that was happening, i'd be concerned of something more sinister than lulz |
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I think to be fair, account creation will be on hold until after BS&T makes their first payments next week and the deposit market calms down.
Apparently I was sleep posting, totally meant to be a PM  Patrick has two accounts? or more likely, a troll. i posted a deposit account request as a thread reply instead of PM, then deleted it once i saw the error |
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I think to be fair, account creation will be on hold until after BS&T makes their first payments next week and the deposit market calms down.
Apparently I was sleep posting, totally meant to be a PM |
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Teenagers love the new hotness and my bet is btc is one youth-aimed marketing campaign away from what we're all excited about
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what if the name was "High Yeild Investments" to avoid the damning initialism?
seems like an honest description to me
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