Speculate away.  |
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A couple of questions. You're talking about offering a "product" to "accredited investors". Does this mean you're adopting the stance that Bitcoin is a security?
Also, it might be worth outlining here the process customers will need to go through to verify that they meet the "accredited investor" criteria.
As USD MtGox codes can't be generated after April, will you be accepting MtGox codes for other currencies as long as their value is over USD 5,000?
This is the criteria to meet: 1. a bank, insurance company, registered investment company, business development company, or small business investment company;
2. an employee benefit plan, within the meaning of the Employee Retirement Income Security Act, if a bank, insurance company, or registered investment adviser makes the investment decisions, or if the plan has total assets in excess of $5 million;
3. a charitable organization, corporation, or partnership with assets exceeding $5 million;
4. a director, executive officer, or general partner of the company selling the securities;
5. a business in which all the equity owners are accredited investors;
6. a natural person who has individual net worth, or joint net worth with the person’s spouse, that exceeds $1 million at the time of the purchase, excluding the value of the primary residence of such person;
7. a natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year; or
8. a trust with assets in excess of $5 million, not formed to acquire the securities offered, whose purchases a sophisticated person makes. Basically, only open to rich people? |
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Bitcoin price goes over $50?
#LitecoinUserNotAffected
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Bitcoin is still much more widely accepted. I can fit the number of ways in which to spend Litecoins on one hand.
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Easily before the end of March.
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I tried starting a new Bitcoin forum, and it was really a nice change (due to lack of trolls and scammers), but it didn't take off at all. Had maybe a couple hundred people registered, and a dozen or so regular posters. I eventually sold it, and the new owners haven't done a thing with it. I own bitcoin-forum.net, and have been considering starting something up again there, but it would definitely need to differentiate itself from bitcointalk and the other largely unsuccessful offerings out there.
I think a forum focused on keeping trolls, scammers, and newbies out would make for an excellent alternative to bitcointalk, and I think it would be easy to do.
- Only allow WTB/WTS posts from people with 100+ posts and 10+ reputation points or "likes".
- Heavy moderating for abusive language. Those who berate others or fail to have mature discussions are kicked out with little recourse.
- Charge a small fee for registration (say, 0.1 BTC) to keep spammers and newbies at bay. Of course, guests can read, but not post.
The hardest part is accomplishing substantial enough growth to make it self-sustaining. Last time I checked in to this, there wasn't enough interest to make it happen. But it WOULD make for a nice forum full of intelligent and mature discussions, and mostly free of scammers.
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He says he has a long-term strategy in place... Build trust by saying something and doing it, then screw everyone over by saying something and not?
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Eight years with Joomla... ouch  From Wikipedia: "Initial release 17 August 2005" You are from the future? Or you were using Joomla before it was publicly released? 2005 was 8 years ago  It's not August 2013 yet... |
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Did you get your money back from Dwolla yet?
Already been asked and answered. Thanks for the answers Jered, good to see you back. |
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Did all the prior customers get paid back then? I remember hearing complaints a while back of people who had still not received their funds after months and months...
Also, how'd the Dwolla lawsuit turn out?
Glad to see more competition in the exchange arena!
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Plot twist: Paypal is evil and simply steals the money from BOTH users, telling the seller that the buyer charged back, and telling the buyer that they cannot refund the purchase since it was for digital goods.
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You've already answered your own questions. why its so frowned to sell with Paypal?
PayPal should be safe for the buyer and bad for the seller. It IS bad for the seller. That's why you never see people selling BTC for Paypal, and those who attempt to do so get screwed. |
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I have seen several sites and contests that publicly announce a private key for an address. I tried using MtGox to import the key, but it waits for 6 confirmations before it sweeps the inputs into my account. I've never won these because there must be a faster way to import and spend. I tried importing using the bitcoin client, but it took 30 minutes to scan the blockchain and nearly froze my computer in the process. Blockchain.info has the ability to import keys, but I don't see an API for importing. What's the fastest way to import a private key and spend the inputs for that address? This looks like what I want, but it's not yet implemented and not sure how fast that would be anyhow: https://bitcointalk.org/index.php?topic=45523.0 . FWIW, I received confirmation that MtGox actually withdraws BTC from imported private keys to their own wallet as soon as possible, just without fees - it just won't show up in your account until 6 confirmations are had. MagicalTux said he may add the option for people to add fees to imported addresses. |
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If a few miners can do this, what do you think the NSA could do?
How do we know that NSA or any other 3-letter agency did not create bitcoin ? *insert gif of dude sliding tinfoil hat on* We don't. |
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 Piuk, you're my hero. Thank you kind sir. EDIT: I noticed you added a link to the address page to take you straight to unspent outputs as well. Nice!
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If he doesn't ship, just charge back.
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From an ethical and business reputation standpoint, I think the right thing to do would be to refund the entire BTC balance (if they never sold the BTC) or refund the USD equivalent, shipping including, of the BTC at the time that the order was made (if they did sell the BTC). Just my opinion, but I would find either of these to be an acceptable resolution, and I believe OP would as well.
If a customer makes an order, and it can't be shipped for whatever reason, then you contact the customer immediately and come to an agreement, then public shitstorms like these will be avoided. Yeah, I agree. If I was Coinabul, I'd be going above and beyond to correct this to hopefully salvage some remaining shreds of reputation. |
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Erm... signing is done digitally, and with just the click of a button. I'm not sure what the regretful person would mean when he says it is too small to sign transactions comfortably.
Thanks, maybe the mouse pad was too small on a notebook to comfortably scroll the arrow from one side to the other? Yeah, it could be something more along these lines. |
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