The current bid is $750 for 10 BTC.

(Current BTC price is 110.30 USD per BTC)

I realized this almost immediately after starting, but I don't like changing auction rules/terms up on people unless previously affording such. I'll do better next time.

If you're paying in Bitstamp USD codes, it doesn't matter who is sending first, just use an escrow. Thanks!

I think I remember that thread. That was probably specifically talking about currency conversion tools like Google's or XE.com (which is still most likely true regarding ISO). As awesome as it is to see Bitcoin put up on CNBC like this, remember that it's *MTGOX* that they're showing, which is awesome in so many ways but opens up entirely new concerns at the same time.

Thanks for the clarification! How do you describe the relationship with USD (not using Bitcoins in our community, but always trading for USD instead) and MtGox (Needing MtGox to be online in order to "know" the "price")?

No one truly appreciates the internet until they've had a childhood like this.

You should replace the colors with little GPU fan icons representing how much noise and hot hair the person is giving out.

The current bid is $100.

Your mother uses SolidCoin.

My mistake, the word I was looking for was "pegged". The purchasing power of your BTC varies not by people's faith, but what MtGox reports the last buy/sell at in USD. So you're right, it's not backed by USD, it's just pegged to USD. It's backed by MtGox. Lol

That thread shines a light on a solution actually, and it is a solution supported by decentralized exchanges.

Sitting around on IRC waiting for one of a few hundred people to respond to a request to buy or sell when they may or may not have anything to sell is not what I'd call an appropriate exchange to lead the way.

Sorry, I wasn't clear, I was asking for the link to substantiate your claim that BitInstant paid millions of dollars in fees to become MSB licensed.

"BitCoin MtGox Bitcoiners have failed at this experiment"

Why are 95% of bitcoiners using MtGox but insisting that no one get more than 51% of the network?

Link? I don't think BitInstant paid millions in fees, and I'm pretty sure BitStamp in Sweden didn't pay millions in fees, nor are they subject to US FinCEN regulation for that matter. Correct me if I'm wrong, IANAL. Besides, USA != World.

I can agree with you that that would eventually destroy the plans of the cultist leaders by providing a free market, something the current situation is a far cry from. Anyway, I still think the cultist leaders here need to be ignored and let Bitcoin do it's own thing. If someone doesn't use bitcoin, it should be their problem. We do not need to witness to everyone in the world like a religion. They should ideally come to us for help in making their lives simpler. If we have to *sell* something to do them, then it's a scam already.


I relinquish the floor to you. *updates topic title*

Can't be bothered to dig it up atm, but I seem to remember Theymos responding to that same inquiry long ago in regards to Mark Karpeles hosting the forums and said that he (Theymos) was the only one able to read PMs. (And Mark, through phpMyAdmin of course, although I don't remember if that was ever admitted).

I'd show you evidence as to why I am not budging, but it's difficult to compile a list of threats of the North when they predate the internet. As long as China doesn't become a literal wildcard, anything the North does will be suicide and we've seen this before.

The following post was an emotional blog entry by me but the topic has been redefined by post #5 below, so you know, just go with it.

---

Dear cultists,

Please stop fleecing newbies and preaching bitcoin's salvation, claiming it will destroy governments, cripple banks and lead us to libertarian heaven. Bitcoin is an experimental proof of concept that does not need spokespeople to sell it like a pump-and-dump scam, nor extremists who use their position in the community to get rich off of everyone else (honestly, 99% of bitcoin businesses are shovel manufacturers-- 50% of which are scams).

Because you surround the topic of bitcoin with your hyperbole and irrational behavior, I am forced to defend against you; to alert those around me the dangers of following a group that actually believes bitcoin is decentralized and snidely creates memes to mock those "non-believers" around them as "missing out on an investment opportunity".








Bitcoin is not decentralized because money is a social construct, not a mathematical one. People will always join together in large groups for safety and transparency. It is an inevitable part of human history, anyone who tells you otherwise is selling you something, probably bitcoin (so that theirs is worth more).

Bitcoin is not a currency because it is absolutely undependable as a currency and has no stability whatsoever. It is also backed by *nothing* other than the USD, the very currency BTC is supposedly intended to "replace", brought in by followers of said cultist leaders to make their own investment "worth more".

If you want the principles of bitcoin to succeed, stop participating in these forums run by corrupt individuals who make promises in order to receive funds and then do nothing with them; you only serve to give it legitimacy and bring more sheep here for the slaughter.

If you want the principles of bitcoin to succeed, stop creating fan-boy products for other bitcoiners and start providing an actual service or product that people can use (Coffeepress is not a viable product, asshole).

If you want the principles of bitcoin to succeed, treat exchanges just like you would mining pools and never let an exchange get 51% of the volume, no matter how hard it is for you personally.

Stick up for your beliefs, ignore the talking heads on these forums.

I am an anti-cultist and I back bitcoin, only while it makes sense to.

After much thought and research I have made the decision to cover this loan for Mosper as he is currently working on a freelance project for me and I cannot have him distracted by threats and abuse (which he somewhat deserves for this reckless loan). The BTCJam account was funded and is now waiting for confirmation before it automatically makes the final payments necessary the loan has now been paid in full.

Disclaimer:
I lay no claim to his intentions when making this loan as I have nothing to do with it, and will report later if indeed Mosper turns out to be a scammer (I have a fair amount of documentation on him). It is my sincere hope he will prove himself in areas he is actually skilled at rather than "Jr. day trader". That said, I do not represent him, recommend him nor lend him reputation, and my actions should not be used to gauge further investments, loans, etc in this individual.

Reasoning:
This is akin to me helping a pizza delivery employee pay off the crappy used car they use for deliveries, basically. I'd rather the debt stay with me, where he is paid, than have pizza customers unable to buy pizza in the first place.