I was told by my gox today that the other account has exchanged my funds for bitcoins and the only thing I can do now is file a police report. What a joke. Bitinstant assured me that my funds had been frozen in the other person's account.
Do it, seriously. MtGox knows who this person is. A subpoena from police would acquire said data. You could then bring a civil suit against whoever it is to regain your losses, while a district attorney could potentially bring a lawsuit against the person for theft (which it is - you can't just take money from an accounting error if it doesn't belong to you). |
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But John.
Your FAQ does not answer why one would want to sell a finite resources increasing in value(once minting grinds to a halt) when one can form a new service which does not. Again and again.
I'll answer that. People do not want to receive a portion infinite resources, because infinite = worthless. There is only value in scarcity. Scarce resources (i.e. Gold and Bitcoin) are valuable. So, if you create a "new service" which is not finite, then that new service will be worthless. Who would want 10,000 inflatacoins when someone could create 10 billion more tomorrow? No one would accept these coins in a trade. Now, if you go to the age-old deflationary economy problem, here's a few of points to mull over: - A deflationary currency has never actually been tried, only theorized about. - A funny thing happens when people find that their wealth has increased - they begin to think about ways to spend it! Imagine that tomorrow, you found that your bank account had $100,000 more in it than it had today. What would you do? Go out and party? Buy a nice car? Pay off a house? Guess what - all of that is SPENDING! When people have more wealth to spend, they spend it. - There is also a psychological "risk analysis" that everyone goes through, either consciously or subconsciously. It's something along these lines: "What if Bitcoin is worthless tomorrow?" "What if Bitcoin loses even 10% of it's value tomorrow?" "What if my house burns down and I lose all my Bitcoins?" "What if a stalker knows how much Bitcoin I have, and holds me at knife-point until I give them all to him?" Etc, etc. The bottom line is, there is a very real risk of loss of wealth when holding Bitcoin - enough of a risk that it causes people to "cash out" and begin spending them whenever they feel they are holding more than they can safely take care of. - Deflationary currencies do encourage saving rather than spending - I will concede that point. But it does not encourage it enough to completely kill an economy, as some economists would have you believe. Rather, it reduces the propensity for people to go into ridiculous amounts of debt to keep up with the Joneses, and it reduces the government's likelihood of doing the same. Deflationary currency would discourage people, businesses, and governments from taking out loans unless absolutely necessary. Now ask yourself, is that really such a bad thing, to encourage people, businesses, and governments to save their money for a rainy day? |
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A few hours for this first piece, maybe more... I have to get reaquainted with my modeling program and its new renderer (It's been a while!) Your artwork is really nice. Do you only do digital art, or do you have original paintings on canvas that you are selling?
Only digital, although I wish and hope to learn how to traditional paint some day! If you really want something physical, maybe we can work something out, I know deviantart does art prints! -ls777 Well, I am just interested in collecting original artwork, really. I'm not that much in to reprints. |
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Your artwork is really nice. Do you only do digital art, or do you have original paintings on canvas that you are selling?
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this is a joke. mtgox has no way to contact them except for some lame support ticket which they don't answer
10k down the drain .wires cant be reversed
It's not 10k down the drain, they'll eventually get it credited to your account. Have a little patience, and understand that the recent media attention on Bitcoin has caused MtGox support requests, trading, and new user verification to absolutely explode. It's like waiting in a long queue on the phone because they "are experiencing greater than normal volume of calls" at the time. They had 4 employees working in support last April - now they have 22, and are in the process of hiring even more. |
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OK, OK, how about $7.01?
I see you're already beginning to fit right in... |
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I nominate this for worst solution of the year to a problem that doesn't exist yet.
It's funny that attempt to solve non-existent problem caused the recent BTC chain fork... That wasn't a scaling problem, that was a bug in the software. Which appeared after blocksize was increased to be able to contain more txs. Your point? |
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So you are the Buttcoin guy? Or are you only making some of the satire images?
Yes, I post at buttcoin. Buttcoin himself was banned from here for calling Theymos names. I'll admit I'm a bit confused at the show of support here. 1) People love humor, and if they're light-hearted enough, even humor that pokes fun at their own ideologies and beliefs. 2) I love conversations with anyone who is anti-anything that I am pro on. Reason being, it keeps me in check. I can too easily ignore the downsides of something that I really like if I'm not careful. 3) We all love a good conversion story. We're waiting.  |
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I nominate this for worst solution of the year to a problem that doesn't exist yet.
It's funny that attempt to solve non-existent problem caused the recent BTC chain fork... That wasn't a scaling problem, that was a bug in the software. |
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When you make a new line every 200 letters, do you get the Hebrew word for Litecoin?
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With the massive amount of computing power being turned towards the network, and dozens of failed threads of people trying to buy Bytecoins, I'm going to speculate that most people won't part with them for any less than 1K BTE for .5 BTC.
Isn't that 70 cents per Bytecoin? Seems rather steep If these Bytecoins take off I am selling up a big % of my crypto holdings because it's not a good sign for the future of crypto currencies. Won't be long until we have a new identical clone of Bitcoin popping up every day, with people hoping to mega mine in the first week. This is one of the first solutions to solving the scalability problem of Bitcoins not being able to handle the possible future of competing with the massive amounts of transactions that card processors and major banks take on daily. Two separate blockchains with identical code. If people continue to trust in Bitcoins, then that should naturally transfer over to Bytecoins. That's a horrible solution to solving the scalability problem of Bitcoins (which I still don't believe is actually a problem). Sure, let's just create 20 different cryptocurrencies so that it doesn't block up any one of them. Now we have 20 currencies that are incompatible with each other, 20 blockchains to run, 20 currencies to list acceptance of, 20 currencies to process, 20 currencies to build mini-economies around... I nominate this for worst solution of the year to a problem that doesn't exist yet. |
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I'm relatively new to the BitCoin realm and within about 1.5 hours of researching, it became quite apparent to me that BFL is operating fraudulently.
Personally, I'm less surprised at the fact that they're a sham, and much, much more surprised that people still believe they are real. I must say, the founder of BFL and his/her constituents function as the absolute epitome of successful opportunists.
They saw a massive demand for a product, substantiated in a high-risk/high-reward marketplace, isolated the characteristics of their marketshare (risk-takers) and took the plunge. I would argue (assuming I am right in ascertaining their scam) that this was one of the most successful scams in history, not because of the amount of money they will receive, but because of the ramifications and their ability to conduct this scam under a veil of anonymity that is the very core value of Bitcoin.
Quite intriguing, to say the very least. I hope for the sake of Bitcoin and those who invested, it is not a scam.
So, you say that it is "quite apparent to me that BFL is operating fraudulently", and state that "they're a sham" as fact, even going so far as to say "this was one of the most successful scams in history", and yet you end with "I hope ... it is not a scam". Why state they are a scam as fact when you yourself don't even fully believe it? Instead of saying "they're a sham," say "I believe they're a sham." Stating facts that are not necessarily true is a great way to expose yourself to libel/slander lawsuits. Anyway, are you certain enough that they are a scam that you are willing to put money on it? Because I am certain enough that they are not a scam to put money on it. Take it down a notch, soldier. I have no vested interests in BFL one way or another, I'm merely a spectator. I thought I illustrated my viewpoint from the get-go and I was speaking in absolutes under the premise of an assumption, so I think that is where lines got crossed. No, I'm not willing to bet any thing on their validity. It's possible that they ship eventually some units, no doubt, do you think they will be able to ship the number of units they have pre-sold? Admittedly I am basing this off zero manufacturing experience, but if they're struggling releasing one unit in 7 months, chances of them releasing 20,000+ (or more?) units of varying architecture in the near future seems like a long-shot. Fair enough. I absolutely believe they will ship the number of units they have pre-sold. They have far more chips than they need, and everything else is easy enough to get a hold of. They would have no reason not to ship all of the pre-sold units. There aren't 20,000 units pre-sold - that is a false rumor that continues to propagate across this forum, despite being disproved over and over again. As of January 2013, the pre-orders would consume less than 20,000 of their chips. That's less than 2,500 Single SC's. Undoubtedly, with the increase in price, people are ordering more units, but even still, I very much doubt the number of pre-orders surpasses 5,000 orders. The order numbers are high because it creates a new order number every time someone clicks to order, regardless of whether they pay for it or not. Ok well I just gave these guys a ring.
No evidence that anyone has got any of these because they haven't shipped yet.
They did point out that this is not the first generation they have done and they have delivered on these previous generations. Can anyone confirm this?
Considering placing an order but until I can find some evidence they can deliver I’m very hesitant.
The call ended with me being told the only thing that will convince me is when I read the reviews when people start getting them.
He might be right.
I would certainly wait until other people start getting them if you are unconvinced of their legitimacy. There's very little reason not to at this point. |
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I'm more curious about the bible's talks of "one world currency" and "mark of the beast" and how that ties in with potential uses of Bitcoin.
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So you are the Buttcoin guy? Or are you only making some of the satire images? Anyway I like most of them. And good to see that you are actually working on this site again, really missed it. This on was a bit weak, though:  That goes for basically everything, that's increases in price. "Hey Gold is going up!" I think the way BTC goes up could have make a much better bubble reference. But besides, keep them coming. I thought that one was a dig on what a deflationary currency in real use would look like. |
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Another vouch for sealswithclubs.
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I hope you're happy.  Now everybody knows. Disclaimers are important. |
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Crossposting: At this point I'll go ahead and reveal that I am the bet's creator, and that I initially took a large position on the "True" side. By ruling the way they did, BoB effectively took from me over 150 BTC in potential winnings and commissions that I feel should rightfully be mine. Sure, I made mistakes when I made the bet (which BoB had an opportunity to correct when they approved the bet), but I still feel like "True" is pretty clearly the correct outcome, based on multiple points. Some of those being: • BFL shipped nothing. The bet title clearly is about BFL *shipping* a Bitforce SC product. Coinjedi has said himself that the bet title is a part of the bet. [1] • The pictures were posted after midnight. No matter whether you go by GMT, Eastern time (official BoB time [2]), or Central time (which I believe is BFL time and also Luke-Jr time). Sure, the pics were arguably taken before midnight, but the bet clearly says they had to be *posted* before April. • The pictures were not credible. They were taken by Josh/Inaba, a BFL employee, and were of a device that was pretty clearly sitting on a test bench at BFL. The bet clearly says the pictures must be credible. • The pictures claim to show a product hashing at about 25GH/s, which Luke-Jr says in a Little Single. There was no such thing as a Little Single when the bet was made. The 3 Bitforce SC products the bet concerns, and their hashrates concerning the bet are those listed in the post linked in the Bet. • It is not clear whether or not Luke-jr is a BFL employee. He continues to not answer when asked if he is/has received compensation from BFL. [3] At the least, it looks like he's getting his order bumped to the front of the line. My position appears to be overwhelmingly supported by public opinion on the forums. [4] Opinion Coinjedi solicited I might add. Sure BoB (and Luke-Jr and Josh/Inaba and BFL) will lose face over this, but that does nothing to fill my wallet, and history is quickly forgotten. I'm feeling cheated and a little butthurt about it. Wouldn't you? [1]: https://bitcointalk.org/index.php?topic=163261.msg1726858#msg1726858[2]: http://betsofbitco.in/help, in "What is the difference between deadline and event date?": "All dates refer to end of day Eastern Time." [3]: https://bitcointalk.org/index.php?topic=163261.msg1729969#msg1729969[4]: https://bitcointalk.org/index.php?topic=165902.0I agree with you, but Luke Jr is clearly not an employee as defined by law. If you're going to take the bet at the literal word-for-word interpretation, then you need to use the lawful definition of an employee. Just because he might have been compensated for work does NOT make him an employee of BFL. That sort of one-time job very much fits the definition of an independent contractor. That said, I agree with you on all other points. |
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whoopsy  some slow pokes just lost a bit more. With the announcement of the new prices by BFL (and the fact that the most powerful SCs are now 50GHs, and mine will still be 60GHs, the price just rose to 90 BTC/piece. I will be raising the price 1 BTC/day (that's how much the units will make at 66 Million difficulty per unit) from now on. Will announce price changes every 5 days. 90 BTC/piece. A little off topic here but can anyone tell me the legality of selling a position in something that turns out to be a ponzi scheme? Is the re-seller also guilty of a crime? Only if they knew that it was a ponzi and someone can prove that they knew it. |
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