sent


sent

...don't go spending it all at once

0.02 to the next 3 newbies posting an address here...

It then spreads virally to all future quotes.
[/quote]

+1

an estimate of how long withdrawals *should* take would be nice.

happy bbq day.

whaaaaaaaaa? disappointed.

*goes back to qt tutorials*

i never upload pirated software, because that's called 'distribution'... that's highly illegal

i have no issues pirating software, have done so ever since my first computer.

i don't regret the 14 years of photoshop experience, which i never would have had without piracy.

but anyway, despite that stance, lately i've actually found a lot more free software worth using.

used to use (pirated) winrar... now discovered 7-zip
used to use bullet-proof ftp... now discovered filezilla
used to use editplus... now mainly using netbeans
used to use nero... now i use imgburn
used to use (paid for) pgp desktop... now using truecrypt

etc, etc.

i don't think i'll be moving to the Gimp (or spending $1300 on Photoshop) any time soon though.

oh, and the reason i pirate windows has absolutely nothing to do with money, and everything to do with not wanting to jump through microsoft's hoops.

yep, back when i was very new to bitcoin, i set my transaction fee to 0.02 because i thought that would make them go faster than 0.01.

whoops, turns out it didn't exactly work like that

could also be transaction age.

if you just initiated a transaction and then immediately looked at bitcoin charts, yours would be the newest out of all the 258 byte transactions.

automation interests me.

taking something that currently requires 100 human hours to complete, and figuring out how to use computers to compress that same task down to < 100 seconds.

i like to build systems, and systems of systems... and on that note, an awesome read is "McDonalds: Behind the Arches".

What do you think of fractional-reserve lending of bitcoin (credits)?

i'm sad to say these guys are quite a bit slower than they used to be.

withdrawal requests used to get verified by the next business day at the latest, but i'm still waiting on one from Friday morning:


i think i'll only put quite small amounts through there until the situation improves again.

it was for people to keep notes for addresses/transactions/blocks, etc.

eg. http://bitnot.es/addr/13QTW27b3SgqrEjefB9PbiZ6hcrVCJAxfx or http://bitnot.es/addr/1Lg2rvxbBPC8jp2YJoV5xL7sdyTjueMUot

i started it around the time when people were trying to investigate and keep track of all the addresses that belonged to mybitcoin.com, and the idea was inspired somewhat by 'the bitcoin police'. if it were well patronized, searching it could come in handy, but alas it seemed too much effort to actually annotate everything in the first place.

edit: hmm, check out this one: http://bitnot.es/addr/1L1TC4HiJhwswF5FZu15HuXbGdMMu6PLNe

good point about interest-bearing debts.

although even with non-interest-bearing bitcoin loans, the potential increase in value might be thought of as 'interest'.

eg. if you owe 1000 bitcoins to someone interest free, it's probably better to pay them off when they're worth $6.20, instead of when they go up to $100 each

also, i suppose i should add a little disclaimer, that i am a fairly large creditor (of shakaru) and i might be biased towards whatever gets my debt repaid the fastest.

From the book: Richest Man in Babylon

I've mentioned this book a couple of times before but I really like it and think a lot of people here could get some good ideas / inspiration from it.

This is explained in much more detail in the book but from what I remember the basic course of action for those drowning in debt should be as follows.


Step 1. Go to each of your lenders and get a total of the debt owed, and negotiate with each one to try for either an interest free period or maybe even a reduced total.


Step 2. Make a list of all your debts and calculate the percentage that each debt represents of your total debts.

eg. If you owe:

• $900
• $80
• $20

Then write next to each debt: 90%, 8%, and 2% respectively.


Step 3. Work out how much out of your total income you can afford to pay on your debts. Try to make this at least 10% of your income, but be careful to keep it realistic, so that it's easier to stay consistent.

eg. If you earn $500 per week, aim to spend at least $50 per week on repaying your debts.


Step 4. Of your budgeted debt-repayment amount, split it up in direct proportion to your debts owed.

eg. If you are committing to pay $50 a week on the above debts, then pay:

90% = $45 to creditor 1.
8% = $4 to creditor 2.
2% = $1 to creditor 3.


There are very, very few people that can not scrape by on 90% of their current income. Even if this is a struggle for you and you decide you need 95% of your current income to survive, you should still split the budgeted 5% amount in direct proportion to your debts.

With dollars, this may be impractical to pay small amounts like $1 per week on a $20 debt, however with bitcoin, you can still pay very small amounts economically.

You may feel like the amounts are so small that you should just wait until you have a more substantial amount to repay and pay it all in one go. I believe this kind of thinking is the downfall of most people's repayment plans. I'm sure there would be very few creditors that would not rather see small amounts repaid regularly, rather than not know when the next payment is coming, if at all.

Anyway, if you've read the book, or even if you haven't, I'd be interested to hear from others who've tried this strategy or would like to try it.

this is still functioning but gets no traffic and not being updated: http://bitnot.es

i will likely let that domain expire.

is that good or bad? does not compute.

don't forget to make some air holes in your granny safe.


i'm really looking forward to easy-to-use wallet merging software, so i can organise a ton of wallet backups that are from all over the place and from all different dates... a mess. Consolidate the keys into 1 or 2 wallets and shred the rest.

armory sounds interesting, but i'm put off by the fact that the wallet file is not compatible with the satoshi client.

happy new year

you could.

but if you've never had experience securing your own server before, then bitcoind is probably the last thing you want to have running on it.