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1901  Economy / Securities / Re: [BTC-EQTY] A new Bitcoin Investment Fund on: May 22, 2013, 12:27:52 PM
With all due respect, this sounds like a rant and is nonsense.

If everyone had the same attitude as this, Bitcoin would never have risen to the place it is now. Simply labeling everything as "won't go anywhere, won't work, waste of time" is a pretty terrible position to have for an innovative, emerging technology.

Bitcoin has risen to where it is now precisely because of me imposing this here correct attitude against the inception to early 2012 prevailing mistaken attitude of noobish idiocy that you seem to favor. BTC wallowed around 10 per as long as the Global Scam Exchange folk were the prevailing crowd. This was not a coincidence.

The mere fact that you have the unmitigated gall to presume you know the history when you don't, and the boneheaded cluelessness to then use completely wrong "arguments" built on this resounding, absolute ignorance when confronted by the very people who wrote that history is one of those "only on the Internet" sorts of things. At the very least don't add hypocrisy to insult by prefacing that nonsense with "due respect". There's no respect there, in spite of plenty of respect being due. Claiming otherwise is not helping you.

Also don't misrepresent what I say. It's not a matter of "everything", it's a matter of noob ventures without a chance in Hell. Those aren't "everything" by any means.
1902  Economy / Scam Accusations / Re: Scammer: Inaba on: May 22, 2013, 09:43:36 AM
By the definition, we can start 'Scammer: Theymos'.

Plus parents everywhere.

For the record, the classical definition of civil responsibility includes promise to perform and detrimental reliance. Both, not just one. I notice the forum does tend to favor a "one's enough" outlook, but the reasons things worked out that way in the real world are solid and haven't changed just because Bitcoin, just because internet forum or just because self entitled posters.
1903  Economy / Scam Accusations / Re: BFL eBay Scam on: May 22, 2013, 09:41:58 AM
Heya,  almost positive that this is a scam: http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=200926462821

He claims that he has a BFL on hand.  I messaged the user about the pictures and he told me that he took these two pictures himself (the second he claims he took this morning).  Yet these pictures were taken long ago (used google image search):

https://bitcointalk.org/index.php?topic=60586.msg857784#msg857784
http://www.ewal.net

Maybe if enough people report it we can have it shut down before someone loses their money

On one hand on the 21st of May people are sure that an Ebay listing is fraudulent on the grounds that the poster claims to have a BFL on hand (which I agree, is about on par with claiming to have a unicorn in your garage).

On the other hand the 1st of May idiots insist and are certain that the BFL delivers bet should have been resolved as a yes.

Decentralization ftw!  Grin
1904  Economy / Scam Accusations / Re: SatoshiCircle.com Scam ( Took 1.2 Btc ) Owners Information Posted on: May 22, 2013, 09:39:21 AM
My question is this. .. if he posts the dude's info three times will the btc diary cow come out of the barn and shit his bitcoins?

Hey, it worked for the other diary guy....
1905  Economy / Service Discussion / Re: Here's where I spew my accusations against MPOE. All are welcome. on: May 22, 2013, 09:38:44 AM
There has being times where bitcoin-qt fucks up and sends it with an improper fee, so it pretty much never gets confirmed.

Also, you mean if the bet is resolved when your TX isn't confirmed yet, right?

Yes.

The thing is, the way BitBet is set up once a bet is marked to close early this doesn't become effective until the blockchain watcher has seen one new block. It's not immediate.

Obviously qt might malfunction. The solution there is to use better Bitcoin clients.
1906  Economy / Securities / Re: [BTC-EQTY] A new Bitcoin Investment Fund on: May 22, 2013, 09:34:49 AM
New people have no business starting "funds". Not now, not ever.

This is a high trust, high competence field. Only people who have been involved in Bitcoin for a long time and with credible results may do this. Anyone else trying to do this 1. won't get anywhere; 2. is a scammer anyway. Whether they plan to or not they're a scammer, it makes no difference. They'll just have a more or less planned out scam, but it will be a scam.

And before you start with the "I've been involved since 2005" Tortilla stuff: no, you haven't. You're not involved now. To be involved you have to actually do something. People using the word "Bitcoin" in conversation aren't involved in Bitcoin, they're involved in conversing.
1907  Economy / Securities / Re: Securities Newbie. HELP ME INVEST! on: May 21, 2013, 11:22:57 PM
I ended up losing lots of BTC at BTCJam.com, thinking that loans are "safe".

That's what I have this for.  Undecided Sorry to hear.

Most mining operations usually have massive fiat exposure.  Right now that's not the case - due to scarcity of ASIC supply - but as soon as supply catches up with demand mining investments become effectively fiat-denominated.  I'll let a few people claim that's not the case before I explain (again) why mining bonds/shares are effectively fiat-denominated

No need, you're exactly right.
1908  Economy / Gambling / Re: Dabs Lotto Number 1. Winner! Congratulations to 1MYJkAp... on: May 21, 2013, 11:19:14 PM
I've got to start somewhere.

Pretty hard to argue with that one.
1909  Economy / Service Discussion / Re: The True Explanation of Ripple for Bitcoiners on: May 21, 2013, 11:18:32 PM
See any goat/rosenfeld/kenna/katz/gmaxwell/lukejr/blablabla behind it...run.

But, but... he hasn't even posted yet! https://bitcointalk.org/index.php?action=profile;u=27249 Cheesy

I take it back. The inclusion of Mr blablabla on that list was a rash and inconsiderate move on my part.

Absolutely, in the near future. But I think the success scenario is one where XRP sees wide adoption as a currency.

Seems it has about the same chances as paypal's coin or w/e.
1910  Economy / Securities / Re: Securities Newbie. HELP ME INVEST! on: May 21, 2013, 06:28:32 PM
A lot more reading is probably the only good advice.
1911  Economy / Gambling / Re: If I had a large gambling website, who can I trust here? on: May 21, 2013, 06:26:51 PM
Hi,

The question is: if I had a large gambling website or system or something, who can I trust here? Let's get to a specific example, let's pretend that I have the biggest raffle or lottery here, with jackpots and prizes amounting to hundreds or even thousands of bitcoins.

Nanotube, if you can get him. He correctly handled a hotly contested 10k BTC bet (the old pirate thing). That's your prime rib.
1912  Economy / Service Discussion / Re: The True Explanation of Ripple for Bitcoiners on: May 21, 2013, 06:24:50 PM
he's busy deleting posts of mine as well.  he's a scumbag Ripple shill.

Well with the old scamschool running abeach what with the twin MtGox/BFL failures, he needs something new.

In general you can tell which projects are scams by who promotes them. See any goat/rosenfeld/kenna/katz/gmaxwell/lukejr/blablabla behind it...run.
1913  Economy / Scam Accusations / Re: SatoshiCircle.com Scam ( Took 1.2 Btc ) Owners Information Posted on: May 21, 2013, 06:21:51 PM
OP went to house and got beat himself, and had 5.2 btc worth of fiat taken this time.

Pix.
1914  Economy / Marketplace / Re: Introducing CoinHedger: An Exchange Site for Bitcoin Option Contracts on: May 21, 2013, 06:19:23 PM
We are well aware of MPEx, ICBIT and similar services. While CoinHedger will share some similarities to enterprises such as these, it will be significantly different.

I'll save my uncharitable remark for a week after you fail, rather than three weeks before.
1915  Economy / Scam Accusations / Re: Theymos: What the fuck is up with BFL and TradeFortress? on: May 21, 2013, 06:16:36 PM
Did you come here from the trollbox on BTCe? Grow Up.

You know that's exactly the dumbass sort of question that proves my point for me. Shut up and go on a reading binge until you know who I am.

Oh this thread is great in showing that side of ripple which most people don't understand and are not even aware of. The way the system works basically looks like a three-click scam creator for script kiddies.

I am waiting for the first ripple gateway-gate. There will be someone who'll create a gateway and bunch of fake ripple users trading on this gateway like crazy, providing lower spreads and much greater liquidity than Bitstamp's gateway users. Plus some marketing efforts to gain the traction. Most of actively trading ripple users will trust that gateway to be able to trade on it with its users, then one day they'll suck all available BTC.Bitstamp and USD.Bistamp and *.OtherLegitimateGateways replacing them with “equally trusted” BTC.Theirs and USD.Theirs, then withdraw to Bitstamp/other gateways real systems, exchange any USD into BTC and send the real BTC away, then close the shop and laugh.

Sounds like this is exactly the proof of concept TF was displaying.

1916  Economy / Scam Accusations / Re: Theymos: What the fuck is up with BFL and TradeFortress? on: May 21, 2013, 09:32:53 AM
What rubbish. Do you think Ripple users are not programmers and BitCoin users?

That's exactly that I'm saying: that they're programmers. And also idiots. And also early Bitcoin users, who have been pushed out for their idiocy and are now looking for something small enough so they can continue stroking their idiocy rather than fix it. The good news is that indeed MP doesn't give a shit about Ripple, so you may continue the tardparty. Learn to read between the lines.

So there are 2 different kinds of BTC now? Don't be stupid, there is one BTC, and different people who say they will make good on IOUs for BTC. Bitstamp is one, TradeFortress is another.

Thus BitstampBTC and TradeFortressBTC Mr Clueless Programmer guy sir. Why is this so hard? Is it because you're trying to do finance stuff in BTC without having even heard of mystical magical stuff like say *the eurodollar*? Why do you think it's called EUROdollar (and if you go wikipedia that shit I'm going to punch you in the balls through the fucking monitor).

Stop imagining that if you can code you're worth two shits in the real world. Most of the time the reason you're a programmer IS BECAUSE YOU'RE NOT WORTH TWO SHITS IN THE REAL WORLD. Strictly. Strictly that.

Sure, some very talented people are programmers because that's what they chose for themselves. You're NOT THAT. You're the guy who wasn't good enough to sling dope.
1917  Economy / Marketplace / Re: Introducing CoinHedger: An Exchange Site for Bitcoin Option Contracts on: May 21, 2013, 09:15:50 AM
I simply want to inform the community that there is an exchange platform in the works and we expect to launch it in July 2013. Over the next several weeks, my partners and I will be developing an exchange where users will be able to create, buy and sell options contracts related to bitcoin.

There is such a platform already, Mr Excited Noob Guy. It's called MPEx, it's been around since 2011, it's run by very skilled people with loads of money and so forth.

More lurking is in order. You can start here.
1918  Economy / Securities / Re: S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx on: May 21, 2013, 06:15:42 AM
I could make such a site for free

And that's pretty much exactly what it'd be worth.

Again and again this has to be repeated: it's not the site, stupid. Go make a facebook for free, it's not that hard and it won't matter any more than the previous Winkleloss-backed project mattered.

No idea why this is so hard, but anyway.
1919  Economy / Service Discussion / Re: bitbet.us scammers ignore delivered BFL products on: May 21, 2013, 06:13:20 AM
Any nitpicking lawyer could easily find vagueness in most of the accepted slang.

The result of taking nitpicking lawyering seriously is 8000 pages of legislation nobody reads, introduced blank into Congress (and voted as such).

If you think the BitBet model such as it is is worse than that - fine. As far as can be discerned it's only worse to the people who want to con others by relying on ridiculous interpretations that magically make their one in a hundred crapshot worth a lot.
1920  Economy / Gambling / Re: Martingale and Bitcoiners on: May 21, 2013, 06:12:00 AM
Like when I used to smoke; the inevitable painful death it seemed distant enough that I could pretend it wasn't going to happen.

I have never before read words written by someone who's experienced painful death. Glad you're feel better now!

I just thought of another possible reason -

Maybe martingaling is an attribute of novice gamblers, and in bitcoin there is a much higher percentage of novices, since crypto currency opened up gambling to those who wouldn't normally be interested.

I would wager this is a step down the right path. It's not merely novice though, it's novices with a particular sort of can-do, master-of-destiny attitude (the sort common to IT geeks, for instance).
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