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1781  Economy / Securities / Re: [Cryptostocks] Coinpal - Cryptocurrency Exchange & Profit Switching Mining Pool on: May 09, 2014, 09:06:58 PM
You know you're cheap when you can't even afford a logo.

You know you're destined to fail when you compensate by stealing someone else's copyrighted work for your logo.

But hey, everything that has happened before will happen again.
1782  Economy / Scam Accusations / Re: BitcoinBourse: the biggest scam in Bitcoin securities today on: May 09, 2014, 09:00:20 PM

Decentralised exchanges don't make sense. You need a human to run a business. It is a human activity.

next you'll be telling me decentralised currencies are nonsensical too and we require bank managers because thats a human activity.  Smiley

You've not eliminated the  requirement for undertaking adequate due diligence prior to investment (asset issuer can still go ahead and steal investors coins) but you don't run the risk of exchange operator running fractional reserve, being shuttered by team america world police, getting hot/cold wallets emptied and crying we've been hackd!1 etc, because you're dealing with a protocol; that's benefits talking about here.

All great in theory, but institutional investors need things that a decentralised exchange could never provide, and they will never achieve the speed required to operate at comparable levels with a centralised exchange. Things like binary trade protocols, for instance, will either be hard to implement or useless (due to the inherent lag with distributed datasets).

You also forget that due diligence is just the first step in a process. Action must sometimes be taken by the exchange to, for instance, delist a security where there is attempted trade book manipulation, or where the operator is proving themselves untrustworthy. A decentralised exchange won't have that, so scams will just stay up forever.
1783  Economy / Scam Accusations / Re: BitcoinBourse: the biggest scam in Bitcoin securities today on: May 09, 2014, 08:55:21 PM
MPEx is a scam, and this is one of his shells. The owner of MPEx has multiple aliases that he posts boosting his own image. The first post "Peter Lambert" posted on this thread, was a copy paste they have posted on other security threads before.

[citation needed]

MPEx is being investigated by the SEC, and there is a fair chance the MPEx owner will be charged and extradited in the next year or so. Google it, there are a few articles about it. Not to mention the ridiculous 30 BTC fee, and a site that looks like its pre 2000.

Because the judgement call when determining an exchange to trade or list on should be whether it has a whole bunch of JS. It certainly shouldn't be "does it work" or "has it been around long enough to be trustworthy".

Havelock is the best exchange, the NeoBee is a big loss, but you cannot put that solely on havelock. They have a great interface + fair fees.

Havelock isn't registered with the Panama's SMV - since you seem to think that the MPEx owner is going to be extradited by the SEC, how long do you think Havelock will last considering their false claims of local compliance?

Personally, I like cryptostocks except for the amount of scams on it, use a good password + 2FA and your account should be good to go.

"Personally, I like being beaten regularly with a pole except for the head trauma and bleeding involved." - AcoinL.L.C, 2014

I also like litecoininvest, but its LTC only at the moment.

I happen to really like the interactions I've had with Ethera, I think he's a great guy and quite savvy. He was fast off the bat when LTC-Global shuttered, and he got LitecoinInvest up in record time. When the exchange has been around and reasonably scam free for 2+ years I will definitely consider using it.

Cheers

Bye
1784  Economy / Scam Accusations / Re: BitcoinBourse: the biggest scam in Bitcoin securities today on: May 09, 2014, 03:50:35 PM
mikemikemike - when evaluating something it's important to evaluate it in the context of time. Even the most dedicated of scammers pulling off a long-con is smart enough to only waste 6-12 months before ducking. So ask yourself: if it were a scam why not just do a runner ages ago? I mean, it's been in operation for years, there's been plenty of opportunity to pull out ahead of the game and setup a brand new scam all over again.
1785  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MRO] Monero - Anonymous Currency Based on Ring Signatures on: May 09, 2014, 11:56:40 AM

Do we need to copy/store the key displayed during the new wallet creation or is all that information contained in the .keys files?

thnx   Smiley

It's all in the keys file. You need to backup the .bin *and* the .keys file, as the two rely on each other if you're restoring from a backup.

EDIT: this seemed to be the case when we were trying to restore a deleted wallet when someone ran "make clean" before the warning was added. In testing now I see you can just backup the .keys file, in which case your restore would go like this:

Code:
root@fp-n:~/tmp# cp main.bin.keys test.bin.keys
root@fp-n:~/tmp# ./simplewallet
bitmonero wallet v0.8.6.295()
Specify wallet file name (e.g., wallet.bin). If the wallet doesn't exist, it will be created.
Wallet file name: test.bin
password: *********
Opened wallet: XXXXX
Starting refresh...

We didn't make the connection during our restore attempts as we restored the .bin file before restoring the .keys file.
1786  Economy / Securities / Re: [ActiveMining] Official Shareholder Discussion Thread [Moderated] on: May 08, 2014, 09:47:42 PM
Coinbase's fees are free up to the first million then 1% after that.  Please use coinbase merchant services.  I work for coinbase so PLEASE Ken or Project Crew if you guys need help ask me.  It is the cheapest option short of creating your own button.  Please feel free to contact me !!!

I'm unsure as to whether or not ActiveMining do any actual accounting of any nature, but if they do Bitpay's QuickBooks integration is a clear separator between two reasonably similar offerings.
1787  Economy / Securities / Re: [ActiveMining] Official Shareholder Discussion Thread [Moderated] on: May 08, 2014, 09:26:04 PM
I just google'd "bitcoin payments prestashop".

The bitpay link was the first one that popped up. I hope it wasn't that simple.

It literally is that simple:) Also, Bitpay has had a Prestashop plugin since November 2012. So this isn't a new thing.
1788  Economy / Securities / Re: [ActiveMining] Official Shareholder Discussion Thread [Moderated] on: May 08, 2014, 09:09:40 PM
Our project manager is working on that solution.

There's incompetence, and then there's just plain stupidity. This is an example of the latter.

1. Sign up on Bitpay. Use their start package with 1% fees if you're just testing, or pay your $30 a month for no fees.
2. Download their Prestashop plugin from here or clone from the github repo
3. Follow the 5 steps required to install and configure it

Oh look! You now accept Bitcoin! And it pays out in USD and/or Bitcoin in whatever ratio you like!

Do you want me to invoice you for the time I spent explaining this? Or better yet - fire your "project manager" and hire someone that has 2 braincells and we'll call it even.
1789  Economy / Securities / Re: [IPO Launch April 16 2014] Symmetric Step Trading on: May 08, 2014, 04:40:48 PM
@fluffypony: When you have been here long enough you do learn that not many people with long experience in bitcoin care about WoT and most people who do turn out to be scammers are very happy to be part of Wot. Biggest scammers usually have been here for very long time planning and making trust from others.

We are here to learn and to improve our trading method and now to share profits of that method with others.

LOL. When I've been here long enough? You're a joke, guy.

Please enlighten me and name some non-scamming people that have been involved in Bitcoin from 2012 and aren't in the WoT.
1790  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MRO] Monero - Anonymous Currency Based on Ring Signatures on: May 08, 2014, 04:16:29 PM
I've made a research on the commit that the NoodleDoodle has claimed to make publicly available. And you know what, I have found something very weird.

Experiment

Core I5, Windows.

Two attempts

1) Binaries compiled from the source code that NoodleDoodle committed yesterday.
2) Pre-compiled binaries that were spread on this topic.

Results

Hashrate:

1) Compiled binaries: 8.3 - 8.9 hr/s
2) Pre-compiled binaries: 15.1 - 15.5 hr/s

Come on guys, this stinks! Aren't you lying again?

My questions:

1) How exactly can the hash rates differ by the factor of 2 if they are on the same code? (Hint: it is impossible).
2) Why do the "team" claim that they've made the source code publicly available when they actually hide the real optimization?
3) Doesn't this mean that instamine is actually going on?
4) How much more the "team's" miners are optimized?

I guess, explanation is required.

Everyone is welcome to try it out themselves.

I ran the same test on my dedicated boxes (mostly Xeon E5-2620 v2 processors) on Ubuntu 12.04. Hashrate pulled from screenlog (screen -L) and averaged after an hour of mining. Boost 1.55 is installed from source, and built with gcc 4.8. The results:

1. Original build from source: 9.8741h/s
2. Original build from source w/ march=native, -funroll-loops: 10.2491h/s
3. Pre-compiled binaries from this topic: 20.7734h/s
4. Build from updated source: 21.8741h/s (faster than pre-compiled binaries!!)
5. Build from updated source with constants instead of divs: 22.8004h/s
6. Build from updated source with constants instead of divs, w/ march=native, -funroll-loops: 23.0526h/s

Out the box the changes NoodleDoodle committed are faster than his precompiled bins. I am not building with icc at this stage, but that might give a slight improvement.
1791  Economy / Securities / Re: HAVELOCK - Switching to bits? on: May 08, 2014, 02:45:48 PM
Why not just go straight to satoshis?
1792  Economy / Securities / Re: [INVEST] Invest with 10% to 30% profit on: May 08, 2014, 01:49:03 PM
Cost of electricity in the Netherlands is somewhat prohibitive at over 0.30$/KwH ?



No we bought the price of @ 0.10KwH

That's still ridiculously expensive if you're in the business of mining.

Not if you mine with scrypt miners.

You mean to say that the cost of electricity is irrelevant when 95% of your monthly opex is for electricity? Sure. I can see the logic in that.
1793  Economy / Securities / Re: [INVEST] Invest with 10% to 30% profit on: May 08, 2014, 11:07:56 AM
Cost of electricity in the Netherlands is somewhat prohibitive at over 0.30$/KwH ?



No we bought the price of @ 0.10KwH

That's still ridiculously expensive if you're in the business of mining.
1794  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: [Private IPO] VertPay - Vertcoin Payment Gateway on: May 07, 2014, 08:26:28 PM
I plan to invest 100 vert with you guys when you open up the shares, is it possible to tell us your strategy to surpass your competitor payments processors like coinpayments.net and moolah.ch ?

Well we've shared some details of it in this thread and on the Vertcoin sub-reddit, but obviously there are a few key tricks we'll be keeping up our sleeve instead of handing our competitors all of our plans on a silver platter;)
1795  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: MRO Monero trading thread and OTC xchg (bid 90 ask 148 last 97.1) on: May 07, 2014, 03:20:10 PM
WTS 0.0015 / 2000 / 3 BTC

I'm happy to do it in smaller chunks, minimum of 200 MRO.

Edit: I accidentally a letter, thanks davidlatapie:)
1796  Economy / Scam Accusations / Re: [SCAM] Openrigs.com STAY AWAY! on: May 07, 2014, 12:26:48 PM
Order ID: 953
Date Ordered: 09/12/2013
Tracking number: CN022187917ZA

OVER 5 MONTHS!!!! AND NOTHING!!!

STAY AWAY FROM THIS GUYS

I DEMAND A REFUND!!!

You're definitely going to have to talk to Correo Paraguayo, from what I've read they have a worse postal system than we do. I can't even figure out where the tracking is on their website, best I can find is a tracking hook from trackitonline.ru - https://i.imgur.com/ykPBaXZ.png

Still, our standard terms are still in effect, if it goes past the maximum transit period for surface mail open a support ticket and we'll file for a refund and sort you out.
1797  Economy / Securities / Re: [XXXProfit] Reports & Information - Report For Period Ending On 2-28-14 on: May 07, 2014, 10:43:53 AM
How has the issue regarding your other business and you stretched thin being addressed? Obviously, we want you focused as much as possible on the site since that keeps everyone happy and healthy. Any timelines on anything? Thanks for your efforts, you are not going unappreciated.

Since the other business is how I and my family pay the bills it is being addressed by busting ass until some help is found. Even if everyone were paid back and the profit share was 40% the site would have to be about 10 times as profitable to even come close. I am also under contract on some things and would eat 6 figures if I just walked away.  Shocked

I would get some help for the online stuff but I have to be careful. There are some trade secrets involved and someone with an agenda could wreck some things if given the chance.

I think what you may need to do is get someone that isn't necessarily in the industry to buy in, even if it's a relatively small holding (<20%). You can sweeten the pot by giving them an extra 10% or something, but that only vests after a period of time (12 months). That will give them a vested interest in the site's success, a reason to stick around, and will allow the responsibilities to be shared between you and them. If you find a person that fits that profile it's unlikely they'll steal the idea and go it alone, why bother starting from scratch when you're already involved in something successful? And if they DO choose to do their own thing after a couple of years...well, that's the nature of business, you're not going to prevent that in the long run unless you particularly want to throw money at pursuing action based on a restraint of trade agreement.
1798  Economy / Securities / Re: Klyemax Studios IPO on: May 07, 2014, 10:36:50 AM
Well, I wish everyone involved lots of luck but don't see this one doing to well. The horrible math and complete misunderstanding of the industry aren't great indicators.

Klye, if you ever need some advice shoot me a PM.



Why would I need advice from someone with a negative rep and terrible misdemeanor? I'll let my shareholders and myself guide this venture instead of trolls thank you..

Ooof. Dude. His single negative trust rating was because he was a new user doing an IPO. Nevertheless, he has consistently paid dividends and proven himself a relatively stable and reliable operator thus-far. I have no doubt he can ask Tomatocage to remove the negative trust rating at this juncture.

On that topic: he's in the XXX space at the moment, and is running a site that is consistently earning money. Maybe instead of being an asshat you should humble yourself, acknowledge you don't know everything, and get some advice from someone who is already successful in this space? Then again, that's probably something you should have done at the outset.

Full disclaimer: I hold no shares in XXXProfit, and was quietly critical of it at the beginning. My opinion has changed over time, although my shareholding has not.
1799  Economy / Scam Accusations / Re: ***SCAM****** Openrigs.com on: May 06, 2014, 08:46:18 PM
Hi fluffypony,

Why did you stop responding to me on your subreddit?
http://www.reddit.com/r/openrigs/comments/21vlhf/in_customs_4_weeks_now_2_weeks_no_response_from/

It has been over 4 weeks since I upgraded to EMS and over 2 weeks since I requested a status update.

To recap:
11 Feb 2014 - Placed my order
3 Mar 2014 - Pending customs check
3 Apr 2014 - Upgraded to EMS
10 Apr 2014 - Received invalid tracking number
15 Apr 2014 - Requested status update

Order ID: 1627

Support ticket number:
BUL-MBMTC-752

Please respond.

So sorry - yesterday was another public holiday (Worker's Day), but I'll make sure someone responds to your ticket today:)

Hi fluffypony,

So the response I got was "I'm sorry I'm out of the office, but I'll get back to you first thing Monday morning".
Monday morning has come and gone and still no news.

I was told that EMS should take about a week.
Thursday, 08 May 2014 will make it week #5
For the past 2 weeks I have been requesting an update and 3 different people have been unable to provide me with an update.

At this point, if you cannot ascertain the status of my shipment, it would be prudent to consider the package lost.

Please issue me a refund.

Nearly 11pm here, and tomorrow is nationwide voting (so another public holiday, bit of a comedy of errors from that perspective) - I see the reply on the support system, and I'll phone Robert tomorrow for an update and then either let you know the status or put in for a refund:)
1800  Economy / Securities / Re: Neo & Bee talk (spam free thread) on: May 06, 2014, 10:38:57 AM
What happens now to Neo & Bee, legally?  I understand that, in some jurisdictions, the creditors can start the legal liquidation of the company and the distribution of its assets, even if the CEO is in Shangri-La and the employees have all quit their jobs.  Is that happening in Cyprus?



Not sure about Cyprus, but here the creditors can apply for court-ordered liquidation as long as there is both legal (balance sheet) insolvency as well as commercial insolvency.

Quote
Investors are people who buy equity in a company.

Creditors are people who loan money or goods to a company and thus create liabilities for the company.

Creditors expect and have a legal right to be paid what they loan, including interest.

Investors have no guarantee they will ever see their money again.

When a company is liquidated, creditors have priority over investors in sharing in the proceeds.


Just in case anyone was wondering Wink

Ah yes - Jorge and I were talking about creditors forcing their hand, not investors:) I think it's safe to say that there are plenty of creditors left (not least of which are employees who are owed salaries who, in most places, become preferred creditors in the wake of insolvency) who have a marked interest in forcing this matter and possibly, maybe, creating some residue for the bag-holders.
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