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161  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: [POLL] Cryptsy was Hacked ? on: July 17, 2014, 03:01:39 PM
i repeated what i heard and what i heard was plausible..

And which you have been told was false.
And which you are still repeating, even though you've been told it was false.
Then you acted like a jerk, and got banned. So what?

Quote
But the fact remains they rolled back the market and a guy very convincingly stepped forward hinting directly that he got 89k from it (he didn't say how)

Very convincingly?
You've no idea who he is. He makes a references to having got away with $89k. You believe him.
In what was was he very convincing?

Quote
Cryptsy is STILL run by the same cocky corrupt two-faced manipulative lying assholes.. hard at work manipulating the shit out of this scene.
ya like i wanna "get verified" and deal with USD / Fiat with these fuckers LOL ..ya right hahhaha

Crypty staff go back to making coins and playing dumb about it idiots.
And yeah, you KNOW damn well i have shit loads of proof tying you to prob half a dozen different coins too !

So didn't even try to deny it.. i can bury your ass's with valid real world tangible proof to support it in a fucking heart beat !
One of your buddies kind of screwed you by admitting on the forum here before and by doing that implicated you guys.
You sat there and lied about TIX on chat etc and when iGotSpots admitted details about it later, it exposed you guys as well as leaked info i was sent
implicating pretty much every staff member.. they ALL sat back and helped make the coin and then played dumb about it.

You talk like this, then seem surprised when you get banned?
162  Alternate cryptocurrencies / Pools (Altcoins) / Re: [POOL][Scrypt][Scrypt-N][X11][X13] Profit switching pool - wafflepool.com on: July 16, 2014, 01:45:40 PM
and yes when my equipment and time are involved and it involves any kind of finances, then yes i do want to know what the profitability is and how it is achieved.If you rented out a building to someone, you would want to know what they are doing or else you could end up with some kind of  child porn business that could ultimately effect you. I know totally different subject but same principle.

You know the profitability, as you know how much you are being paid.
You have no right to know how it is achieved, that is the IP of the pool owner.
If you invested $X in a mutual fund, would you expect them to describe exactly the methods they chose to determine how much of which stock they bought? No, you would get a broad description of how the fund worked, and no view of the details, as they are what give fund A a competitive advantage over fund B.
163  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: JShock makes mountain out of mole hill ... on: July 16, 2014, 10:08:09 AM
you can call it what ever you guys want but the poll backs me up clearly.
...

Well actually IDK about this, but I voted yes because the answer to the poll's question is yes: "Is a confirmed and used Exploit resulting in cash profit considered a Hack ?"

Exactly. The answer to the question posed is clearly yes.
That doesn't seem to have any relevance to what has been claimed in this thread though.
164  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: [POLL] Cryptsy was Hacked ? on: July 15, 2014, 03:27:20 PM
I started by telling him many times i was jealous of what he did and he should just tell me how to do it.. and he kept playing broken English dumb sort of..
And after a little while he dropped the act suddenly and started speaking rather confidently and was no longer sad about his account being locked
but was laughing his ass off hard and in a great mood and saying directly to me little comments like "what do i spend $89,7404 dollars on ?"
So i am pretty damn sure that was Mr. Points Thief based on ALL his comments combined and the rest of the info i had gotten etc..
[...]
So VOTE ? IS a confirmed and verified Exploit considered a Hack ?

A random anonymous guy in a chat box claims to have thousands of dollars, and that counts as a confirmed and used Exploit resulting in cash profit?
Want to buy a bridge?
165  Alternate cryptocurrencies / Pools (Altcoins) / Re: [ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com on: July 10, 2014, 06:27:58 PM
I think Terk should just amend the policy and say anything below .0005BTC (just throwing a number out there) after fees will be abandoned after a month if the user does not start mining again. I can't see how it's worth the hassle for him and it would certainly cut down on posts about this.

Alternatively, do a once-a-month payment run which clears out any small balances, for users who haven't mined in the last X days.
166  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: July 10, 2014, 06:23:57 PM
PFCC's make everything run more efficient by enhancing the magnetic field induction which moves the current, especially if your home is full of appliances which use capacitors, making all of them run more efficient with this magnetic field. It will also make those PCI connections COOLER for the same reasons.

That sounds like psuedo-science garbage, and isn't backed up in any way by the link you have given.
Can you provide any support for your claims?
167  Other / Off-topic / Re: Judge Shoots Down ‘Bitcoin Isn’t Money’ Argument in Silk Road Trial on: July 10, 2014, 01:33:12 PM
The Judge didn't rule that Bitcoins were money, but that they had value:
Quote
Finally, with respect to Count Four, the defendant alleges that he cannot have engaged in money laundering because all transactions occurred through the use of Bitcoin and thus there was therefore no legally cognizable "financial transaction." The court disagrees. Bitcoins carry value - that is their purpose and function - and act as a medium of exchange. Bitcoins may be exchanged for legal tender, be it U.S. dollars, Euros of some other currency. Accordingly, this argument fails.
168  Other / Off-topic / Re: Judge Shoots Down ‘Bitcoin Isn’t Money’ Argument in Silk Road Trial on: July 10, 2014, 01:27:13 PM
http://www.scribd.com/doc/233234104/Forrest-Denial-of-Defense-Motion-in-Silk-Road-Case

The judge has a sense of humour:
Quote
The defendant also raises the following additional arguments with respect to Counts One, Two and Three: the rule of lenity, the doctrine of constitutional avoidance, the void-for-vagueness doctrine, constitutionally defective over-breadth and a civil immunity statute for online service providers. The Court refers to these collectively as the "Kitchen Sink" arguments.
169  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: July 09, 2014, 09:52:09 PM
Everyone saying they planned to screw us ahead of time is like saying they knew about Gox in 1976 imho.  
Rubbish.
It was totally predictable (and predicted) that:
a) They would deliver absolutely as late as they could while being able to claim they didn't technically violate their promises
b) They would weasel out of their refund promises of 'at any point up to shipping'

Here is my prediction, from February:
https://bitcointalk.org/index.php?topic=170332.msg4950745#msg4950745
You need to read between the lines, the wording is carefully chosen.
Look at the underlined part, as they only said Q1/Q2 delivery they won't be late until July 1st.

I have to contradict here in terms of Batch 1 (CA Batch) & Batch 2 -

Batch 1 ToS state: Q1/Q2 but delivery 3-4 weeks before batch 2 which equals delay = 1st July -3/4 weeks
Batch 2 ToS state: Delivery one month before batch 3 which equals delay= 1st July - roughly 2 month (for batch 1)
Batch 3 ToS state: Delivery Q 2

Not much space for interpretation here. Batch 1 hashing has to start latest around early May to satisfy the ToS of all batches 1-3.

My interpretation:
Batch 1 delivered 1st July.
Batch 2 delivered 3-4 weeks later, but with compensatory cloud hashing from 1st July.
Batch 3 delivered 1 month later, but with compensatory cloud hashing from 1st July.

Batch 1 customers are delivered on time.
They just say to batch 2 and 3 customers "Yes, we were late, but it didn't affect you, because we gave you free hashing to match"

From middle to end of June, your machines will be 'in production', and unable to be refunded.
I'm not posting this to claim I'm some sort of genius, it was really obvious at the time.
Why was it obvious? Because it what they did last time.
Fool me once, shame on you, fool me twice, shame on me.
170  Bitcoin / Press / Re: [2014-07-04] How Bitcoin Merchants Are Pushing The Price Down on: July 09, 2014, 08:53:02 PM
Yeah because they never had to take days or weeks apply for a credit card or open a paypal account.

Mr John Doe almost certainly already has a credit card. And since when did it take weeks to open a PayPal account?
The point is that he doesn't have Bitcoin already, so it makes no sense for him to go and buy Bitcoin, just to spend them straight away.

I've never had a credit card and never will because it goes against my morals. Loaning money with interest is an inherently evil practice that has been banished from the world many times before, and will be banished once again. The same group of people keep pushing this scheme on the world over and over. This time, there will be no way they can tell enough lies to cover up what happened in the past. This time, the thing that shuts them down will be permanently stored in a blockchain. Now is the moment we end, once and for all, the slavery that is the credit system.

You aren't really Mr. John Doe then, are you?

And has lending money with interest ever been successfully banished? When?
What tended to happen in the middle ages is that Christians were forbidden from lending, but not from borrowing, so they borrowed from non-Christians instead.
171  Economy / Service Discussion / Re: Sonny Vleisides (Butterfly Labs CEO) 2014 Court Transcript [The TL/DR version] on: July 09, 2014, 08:26:56 PM
I thought this bit was very interesting:
Quote
A. So we -- the company was approached several months ago by a major significant credit card company about the possibility of using that hardware in validating credit card transactions as either authentic or fraudulent. That company is currently conducting testing using 12 of the company's suitcase-sized machines, much large -- about eight times more powerful than this one. So they're running a test on that, and if that turns out, what my understanding, as of last week, is their testing is going well. That would -- if they decide to adopt this technology for validating all of their credit card transactions, which I would say given the size of this company would be 10s of millions if not hundreds of millions of transactions a year, we would be looking at a multimillion dollar order from them and the opportunity to then take that product to other credit card companies as a whole new -- a whole new market for this technology.
172  Bitcoin / Press / Re: [2014-07-09] 5,000 Terminals Across Ukraine Now Offer Bitcoin for Cash on: July 09, 2014, 07:33:51 PM
Quote
The machines, known as BNK-24 terminals, also allow users to pay utility bills and purchase mobile phone credit, among other functions.

So there was already the ability to transfer money for various other reasons, which made it easier to add this as a new application.
You aren't actually buying Bitcoins from the ATMs, and they don't need to know anything about Bitcoin, you are buying a voucher that you can then use on a website to buy Bitcoins.
173  Other / Off-topic / Re: feel like resigning cause my office environment is not smoking friendly on: July 09, 2014, 07:26:03 PM
is the OP serious? just wash your damn hands and mouth after smoking.

That will do nothing at all to solve the problem.
If you a reasonably heavy smoker, everything about you will smell of smoke.
You hair, your skin, your clothes, your shoes.
(You won't notice it, of course, in the same way that cat people don't realise that their houses smell of cat.)

174  Bitcoin / Bitcoin Discussion / Re: Ask Amazon for Bitcoin Payments on: July 09, 2014, 05:48:15 PM
I hadn't gotten the delivery and asked for tracking info, etc., but did not get a response. This morning was the 1 week mark since the bidder claimed it was delivered, so I was planning to open a dispute with Purse to try to resolve it (since my funds are tied up in escrow indefinitely otherwise), but I found Purse had proactively created a dispute last night, reporting that Amazon had canceled the order. I'm still awaiting final resolution on this bid but I appreciate Purse being on the ball and hope to be able to get the transaction canceled out so I can relist again shortly. Having a bidder claim to have paid for an item and not getting it on my end is obviously a worst case scenario, but even in this case it appears to be getting handled well.

It just struck me that another very good use of this service (and perhaps a reason for orders being cancelled by Amazon when it doesn't work) is for people trying to drain money from stolen credit cards or hacked Amazon accounts.
Normally the problem with buying online with a stolen card is that you have to actually receive the goods, which means being tied to an address. Here you can send the goods to someone else's address, and get (reasonably) untraceable bitcoin in return.
Purse risk becoming (not necessarily through any fault of their own) a high tech online fence. And Amazon may get fed up of being drawn in to that.
175  Bitcoin / Hardware / Re: Is withholding Mining Machines fraud and does that provide for a damages claim? on: July 09, 2014, 03:00:00 PM
Now if this is the case, surely there is a possibility to make a claim of fraud and damages.

Did you pre-order two Neptunes?
Were there any conditions on what they could do with your money in the meantime?
Did they deliver two Neptunes?
Do the Neptunes perform broadly as promised, in terms of hashing power and electrical usage?
If so, where is the fraud?

Quote
What I find stinky suspicious and almost blatantly obvious as fraud is how having paid for these machines in December to early January, that the timing of delivery just HAPPENS to be when it becomes practically unfeasible to make any return on your investment.

I think you'll find it has been unfeasible to make a positive ROI on your investment for a while now.

Quote
My claim is that these two providers took all the money to develop mining machines for clients but instead built a server farm of their own to mine all the coins until they were at a profit level that makes it unaffordable. At this point, they begin pushing the mining machines back out to order.

KNC server farm was built with their older Jupiter machines, not Neptunes.
176  Bitcoin / Bitcoin Discussion / Re: Does any of the bitcoin friendly banks allow opening of accounts remotely? on: July 09, 2014, 02:53:04 PM
by closures you mean account closures due to Bitcoin usage?  This might actually be illegal, but can't say for sure.

Why would it be illegal for a bank to decide to stop doing business with you?
Many, if not most, of the posted account closures have been people conducting bitcoin related businesses using personal accounts.
Which makes them hardly surprising.

177  Other / Off-topic / Re: III rd World WAR is already happening !!! on: July 09, 2014, 11:54:20 AM
And one thing i dont understand that America says that no one can enter america unless we give him permission .. and the america say that a bird cannot fly over our country without our position then how a AEROPLANE hit the world trade center ?

They were domestic flights, they were already inside the US.
178  Bitcoin / Press / Re: [2014-07-04] How Bitcoin Merchants Are Pushing The Price Down on: July 09, 2014, 11:51:55 AM
Yeah because they never had to take days or weeks apply for a credit card or open a paypal account.

Mr John Doe almost certainly already has a credit card. And since when did it take weeks to open a PayPal account?
The point is that he doesn't have Bitcoin already, so it makes no sense for him to go and buy Bitcoin, just to spend them straight away.


Yes that was why I said "had", past tense.  At some point he had to open a credit card, and it likely took weeks to get the card in the mail.  Paypal also used to take quite a while to get it open and tied to a bank account back in 1998 and 1999 - don't know how quick it is right now, but certainly no faster than using coinbase.

Question: Why would anyone open a paypal account when they already had a credit card?  Same answer for bitcoin, it provides some benefit to them.  Either lower prices or any one of innumerable benefits.

The credit card gives him another, easier, way of spending the fiat currency he already has.
Paypal gives him another, easier, way of spending the fiat currency he already has.
Bitcoin doesn't. He would need to convert his fiat currency into Bitcoin in order to then spend it. That is a fundamental difference.
Bitcoin spending won't majorly take off until enough people actually have Bitcoin to spend.
For John Doe it would make no sense to convert fiat to Bitcoin just to spend it at a retailer where he could have spend his fiat instead. Unless it is something he really wants to buy (somewhat) anonymously.
179  Other / Off-topic / Re: FBI U.S. Marshals Auction Prices Leaked! (Bullish) on: July 09, 2014, 10:38:21 AM
Since they were sold in segments perhaps some of the coins went for $900 and the rest below?  If somebody bid $900 per coin on one of the 3000 coin wallets...
One person bought all the coins.  He paid the same price for all of them.

How do we know that?

We know that one person bought all the coins.
I don't think we know that he paid the same price for all of them.
180  Bitcoin / Press / Re: [2014-07-04] How Bitcoin Merchants Are Pushing The Price Down on: July 09, 2014, 10:29:33 AM
Yeah because they never had to take days or weeks apply for a credit card or open a paypal account.

Mr John Doe almost certainly already has a credit card. And since when did it take weeks to open a PayPal account?
The point is that he doesn't have Bitcoin already, so it makes no sense for him to go and buy Bitcoin, just to spend them straight away.
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