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1841  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 05, 2013, 11:48:07 AM
Guys if we don't go down to $500 or even lower, the Xmass will be greeeeen as never before.
There you have it folks... Mark It!

this is actually all bullish. media alert with buzz words "china/bitcoin/ban" instant flashcrash - but still hoovering around 1000 $. if we are still in this area in 24 hours bitcoin will come out superstrong.

compared to past crashes, we should be around 450 now.

Id agree with that......and at least we know the party is not going to be in Beijing!!  Wink
1842  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: MasterCoin Buyer/Seller Thread on: December 04, 2013, 12:27:50 PM
Maybe traders should send beforehand funds to Maxmint/Pouncer and they do the deals with a fee included for them!
Maybe a little too complex - but...
A hybrid includes 'funded' offers.  A green shading behind an offer in the order book indicates funds are already on deposit with the escrow agent.  All one has to do to claim the offer is send the counter funding!  Deals done instantly.  Not as good as the DEx - but far more efficient than what we have today.  



Sounds good DGulari. And if it absolves the need for you to send me the following PM, its a great idea......

"How is this for niceties: 'go fuck yourself'!!!  What not nice enough?  Then go fuck yourself sideways.  You are the offering seller moron - you are not doing me any favors."
1843  Alternate cryptocurrencies / Altcoin Discussion / Re: MasterCoin: New Protocol Layer Starting From “The Exodus Address” on: December 04, 2013, 12:05:34 PM
Ron made me a very interesting offer for the lead developer position, one that might actually be good enough for me to drop my day job.

Great news! I hope you guys are able to sort something out  Wink

Hope the family sees the positives.  Smiley
1844  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: MasterCoin Buyer/Seller Thread on: December 04, 2013, 12:03:20 PM
This is becoming a big problem.  Buyers get frustrated by sending 8 e-mails and getting no answer.  We need a rule which clears the books of orders which are not valid/active.  

RULE:  When your order is part of a crossed book - and more than 3 days old - it gets removed.  Both on the buy side - and the sell side.  If a user doesn't like that his order was removed, he only needs to renew it on the 4th day to completely restore his offer.  No problem.  Much cleaner book.  Efficiency is restored as buyer and seller will only be seeking a deal on real active offers.

Yes, this indeed is a problem, the overlap really got out of hands recently.

pKnowles, I like your suggestion, this could be a good solution. Before implementing this I'd like to think a little more about it, I will post an update soon.
If anyone has a better solution to this problem, please let me know.

I have to say that as a seller I had the same problem with buyers. While I honored the only sell I've been involved in, despite of the price going up during the sale, when the price went down because of the reddit attack I tried to sell MSC sending PM to at least 5 buyers and I got no answer at all... Until 5 days passed and the price went up again - then the sellers replied me if I was still willing to sell 20% below the market price... That's lame. Some rule should apply.

Similar experience here. Dont know if its overkill, but the problem here is the lack of cost to trade. It costs nothing to enter onto the order book. And if you choose to, you pay nothing for an escrow service. Is a fee system to enter and/or trade, the way to go? 
1845  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: MasterCoin Buyer/Seller Thread on: December 03, 2013, 12:23:17 PM
Can you please remove all orders in my name from the order book please.

Thanks
1846  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: MasterCoin Buyer/Seller Thread on: December 03, 2013, 12:18:55 PM
Been trying to process 2 sell trades using mastercoinadvisor. After i enter the receiving msc address and press enter, the cmd box flashes some data for a nano second and disappears.

What am i doing wrong?

Open a Cmd instance first, then drop the .exe on it / or go to .exe by its path.

Worked a treat. Thankyoumuch.
1847  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: MasterCoin Buyer/Seller Thread on: December 03, 2013, 11:45:06 AM
Been trying to process 2 sell trades using mastercoinadvisor. After i enter the receiving msc address and press enter, the cmd box flashes some data for a nano second and disappears.

What am i doing wrong?
1848  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: MasterCoin Buyer/Seller Thread on: December 01, 2013, 10:35:43 AM
Please add sell order - 100msc @0.1375

Thanks
1849  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: MasterCoin Buyer/Seller Thread on: November 29, 2013, 09:51:34 AM
Please add a sell order for 100msc @ 0.1950

Many thanks
1850  Economy / Securities / Re: ActiveMining share trading thread. on: November 28, 2013, 02:46:46 PM
This is how it works on the temporary Mastercoin order book...... https://docs.google.com/spreadsheet/ccc?key=0ApGPLGUd5ZCzdHFxbnhHQjBDSDVKamY5UHlWdkNMNWc&usp=sharing#gid=0
1851  Economy / Securities / Re: [BitFunder] Moving Forward/Resolution Process on: November 28, 2013, 01:11:58 PM
It looks like Ukyo is less likely to pay by the day.

How are you coming to that conclusion? Additional people and resources are being devoted to ensuring people get their funds back. You can bash Ukyo all you want, but I don't think you can say it's become less likely that funds will be repaid.

+1
1852  Economy / Scam Accusations / Re: The WeExchange 2nd Stage Con! Currently ~$1,250,000 (Check the NEWS) on: November 27, 2013, 01:35:00 PM
Myself and ffssixtynine, have been swapping PM's on this matter for weeks now, and we havent really agreed on approach or what length of 'time' is adequate.

So, my line of acceptability past 2 weeks back. However, and i cant believe im typing this, i believe its reasonable to extend this sorry saga for another 7-14 days, and go with ffssixtynine's sentiments, given this apparent significant change in status.

Ive met Danny, and im forced to trust my own judgement on this one, and maintain that he can achieve great things. Big kudos coming if he can pull this off. 
   
1853  Economy / Scam Accusations / Re: The WeExchange 2nd Stage Scam! Currently ~$1,000,000 (Check the NEWS) on: November 27, 2013, 09:47:10 AM
I don't understand why Ukyo knowing there are problems with weex still happily was receiving funds there.
He did not give a warning to not send funds to weex. That is bad sign.

Another thing is private data collection. He shutdown the exchange, but prior to that weex collected impressive amount of personal data of non-US citizens.

So we have these puzzles:
- withholding withdraws
- collecting personal data
- taking more money in
- outsourcing the problem to neobee
- mystery promise of big weex being transformed to something extraordinary

Maybe this is just drama-show to attract more attention to NeoBee ?!
In early days Polish exchange BitChange was hacked and MtGox stepped in to reimburse all missing coins.
Everybody where happy and mtgox gained broad attention and credibility.


The fact that he was accepting funds proves that he is a scammer. In fact there is still no sign that WeEx stopped accepting deposits. You can go all the way to the deposit address and there is no warning. I think that you can still deposit there! (To be honest, I haven't tried it  Grin) . To me this is a clear sign that it is a scam.

On the other hand, I do not believe that Neo&Bee wants/can bail out WeEx. We are already talking about $1.5M and this might just be the tip of the iceberg. This Neo&Bee business is something that probably no honest person wants to know about.

It indicates, Jon convinced himself he could/would be able to sort it. Obviously, he failed miserably, but the fact he was accepting funds and there were no warnings means the charge of fraud, theft, or receiving monies by deception, makes it a whole lot easier to pursue legally, if people choose that route.

The word 'scam' is not appropriate here.  
1854  Economy / Securities / Re: [BitFunder] Moving Forward/Resolution Process on: November 27, 2013, 09:32:59 AM
It is just me, or does this post not actually say anything? It literally says nothing...

It says that Jon may have pulled off the only thing possible to stop the madness that he created. I actually thought it was going to be Mark K and/or the rest of that failing bunch of self-interested 'members'.
 
This, if EVERYONE gets reimbursed, is/was the only possible positive outcome.

Danny. Boy do you like a challenge, or what!?  Shocked    
1855  Economy / Securities / Re: [BitFunder] Moving Forward/Resolution Process on: November 27, 2013, 09:18:17 AM
That was a bit leftfield.  Shocked

Dont quite know how to process that, for the mo.
1856  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: MasterCoin Buyer/Seller Thread on: November 25, 2013, 09:44:38 AM
Please move my existing sell order, of 50msc from 0.1975btc to 0.2325btc

Thanks
1857  Economy / Scam Accusations / Re: The People VS. Ukyo (AKA WeExchange 2nd Stage Scam)! Currently ~$1,000,000 on: November 22, 2013, 05:38:16 PM
I suspect this might be todo with SEC enquiries - a bunch of people have been getting calls... they might have him in custody or advised him not to do anything... I'm waiting for 0.71 to come out of we-ex.

Seems to be still ongoing for Burnside, so it would be reasonable to assume its the same for Ukyo.... https://bitcointalk.org/index.php?topic=131891.msg3669151#msg3669151

Ukyo must have big bollocks to ignore the fact, that SEC, FinCen, and others, obviously read this stuff.
    
--- Hi SEC/FinCen. Enjoyed the testimony  Smiley Loving your work and diligence, but please dont send Ukyo to jail just yet, as there may be a slim chance we will get our funds back. Is just freezing $1m in assets an option, by any chance? Many thanks ---
1858  Bitcoin / Press / Re: 2013-11-22 CNBC: Virgin Galactic to accept bitcoin: Branson on: November 22, 2013, 05:02:03 PM

Cool, cool, very cool!

Spaceship two is getting towards final stages of testing ... http://www.space.com/22660-virgin-galactic-spaceshiptwo-rocket-test.html ... this is real and happening, Burt Ratan is a great engineer and Branson is a visionary entrepreneur, there are not many better endorsements from 'establishment' wealth I would want than this one.

And to note Branson has had a long history with trying to break into the banking cartels turf ... if it might matter at all.

Very true.  Shocked
1859  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 22, 2013, 02:35:05 PM

http://www.coindesk.com/virgin-galactic-will-accept-bitcoin-space-travel-says-billionaire-entrepreneur-sir-richard-branson/

I like this bit...."Branson reveals he has already invested in some bitcoins and encourages others to do the same."
1860  Alternate cryptocurrencies / Altcoin Discussion / Re: MasterCoin: New Protocol Layer Starting From “The Exodus Address” on: November 22, 2013, 02:13:50 PM
In a perfect world, I would happily devote more time to Mastercoin, I've lived and breathed it pretty much whenever I'm not working my day job & am of course 100% behind it - there is however an issue I haven't seen discussed which for me at least is significant.

There are real-world financial burdens (mortgage, bills etc) that have to be paid.  My full time earnings are in fiat - and that's a critical factor.  Cryptocurrencies are still a very new and volatile way of transferring monetary value (for example I had a fairly substantial bitcoin transaction earlier this week that was worth significantly less to the recipient in the time it took to confirm it in 6 blocks).  Consider if you will, being paid in bitcoin & mastercoin only for the next {x months/years}.  The ups and downs of these values will determine the amount of fiat you would have that month to pay the bills.  It could be fantastic and you become very wealthy.  It could also end in tears if a crash in value restricts your ability to pay said bills.  My number one priority over anything else will always be providing for my family (and stably). 

The foundation I'm sure would look at adjusting payments along with market values but just as volatility affects conversion to fiat, so does it affect the resources of the foundation.  A crash in bitcoin value is also a crash in foundation resources.  For the sake of debate, what happens if bitcoin for example crashes to $50?  How would the foundation cover it's payments to its hires?  I think that's an unlikely scenario, but unlikely enough to put 100% of your income on is the question.  My apologies if this comes across as negativity that's not my intention at all - I'm simply considering (out loud) the potential risks.

Mastercoin is a project I thoroughly support and believe is going to be something that really starts to attract 'big money' (corporate) to cryptocurrencies.  I currently spend as much time developing as I can, but I have a full time job which takes up the lion's share of my time.  I still do endeavor to be responsive to any issues with any of my Masterchest software.

As they say 'never close a door' & I'm not ruling anything out, but as nice (I'm guilty too) as it is to get swept up in the incredible growth in just our first few short months when it comes to things like employment and where your income comes from (and how reliable that income is) a longer term perspective is needed.

Thanks Smiley

Note, I'd be happy to read any info anyone can provide on a precedent for full-time work paid in cryptocurrencies.

EDIT: for clarity

Your concern is reasonable and valid especially considering fluctuations in btc prices which equates to real life consequences...However I do feel that this risk could be offset by the foundation, by paying developers or "long term contractors" (because there might be additional implications for classifying devs as employees) in fiat. I heard over trello that the foundation now has a bank account. I see no reason why long term fiat payments payments couldn't be structured for long term contractors "Devs" without addition legal burdens of "full time employee" classification. "long term contractor" is also a convenient title or classification because you would be working from your own space and you will not be sharing any physical resources.


With all due respect Bounty's work very well, but it comes as an afterthought to full time employment. Bounties foster competition and it is good for getting to see what potential candidates for a project are made of. How how about in a situation where we already know the skill and ability of said developers? Bounties in these cases become counter-intuitive because the ability of the skilled developer to produce quality work is not based on actual skill, but on actual time he can afford to give after his first priority which is the other job that puts food on the table. We seen several instances when tachikoma had to sleep and go to work.

The long term hiring works way way better for developers who we already know have the desired skill, competence and drive from a track record.  It would mean that Mastercoin is priority for developers and they already love working on mastercoin why not enable them to give their all to mastercoin? We have several of these guys from the previous bounties and I think it best to do everything to "poach" them while we can. Don't forget there are competitors and this is also a race to the top of who can achieve a network effect for success. Not only do we want to achieve a network effect, but increase the switching costs by having such rich and intuitive system that makes it hard for users of mastercoin to find any other comparable platform. And what we need right now is to  get the  devs to focus full time on developing essential mastercoin features than to worry about two things at once.   : "Concentrate all your thoughts upon the work at hand. The sun's rays do not burn until brought to a focus."

what does everybody else think?

I think thats a well made, and considered post.
A fixed and agreed monthly/weekly wage for a given contracted dev, should not really be a problem for an organization serious about developing the benefits and claims, made for Mastercoin. Managing it is a challenge, granted, but a necessary step-up in operations to achieve current goals and expectations, i would have thought.

Fully understand the leap of faith felt, jumping out of the ability to provide for commitments consistently, into something not so known and reliable, but thats what its going to take.
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