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1921  Bitcoin / Bitcoin Discussion / Re: Bitcoin DRM behind price increase? on: January 09, 2012, 02:19:38 AM
HOAX

sorry, but such a DRM would just be so dumb. I want a quote to see whom to laugh at Wink
1922  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: January 07, 2012, 05:47:21 PM
Nice Article.  Noticed only at the end that its by S3052.  On one hand it's  accurate on the other hand.. he is a bit biased....
if it recruits a million users.. who cares Smiley

Sorry but I do care. As much as I agree with him on the future of bitcoin, I am sick of all that bla bla of "this high will be even bigger than the last high" bullshit.
If you want to express your enthusiasm, tell that it is *your* enthusiasm. If you have proof that some country is switching to bitcoin, tell the news but don't imply to know exactly what the course might be at some date. This article is not a notable source, sorry.
1923  Bitcoin / Bitcoin Discussion / Re: Do we need regulation based on morality? on: January 06, 2012, 09:12:48 PM
Why there is no option like "pay the reward of generation from bitcoin" ? Smiley

"Smiley" looks like you don't mind if I don't change the poll in that aspect.

I must confess I followed the "Never trust any statistic you've not faked for yourself" paradigm in leaving out two vital options: "not attack other pools" and  "not attack alt coins". Your voting indicates that some of you might have set their crosses their.
1924  Bitcoin / Bitcoin Discussion / Do we need regulation based on morality? on: January 06, 2012, 06:48:34 PM
The nice and funny incidents about a pool operator bragging about his actions of smashing an alt coin by using his pool for it resulted in wild discussions. As far as I understood it, the alt coin fans/users were damaged but the miners at his pool not interested in that particular alt coin were not directly damaged as merged mining comes at no costs.

I see it difficult to talk about morality in bitcoin and see the task as to design it in a way that we don't need morality as greed or dogmatism will always find its way. Still I'm interested in your opinion on the issue. How much of their clearly existing power should pool operators be tolerated to use.

Let me know if I should add further options.
1925  Bitcoin / Pools / Re: Open Letter to Luke-JR About Alt-Coin Attacks on: January 06, 2012, 03:17:38 PM
If this attack was carried out, it's done as stupid as can be. Eligius is the pool that I trusted most as the following is not possible:
* Attack a competing pool/chain by throwing your hashing power at them.
* reward your miners with the coins mined/alt-coins mined traded for real coins.

As in Eligius this can not be done unnoticed as the reward does not come from old coins and thus the miners can not be compensated I hope to see a justification from Luke soon.
1926  Bitcoin / Bitcoin Discussion / Re: What do you want in a new Bitcoin Exchange? on: January 06, 2012, 02:47:06 AM
Free Bitcoins.

Isn't that a pleonasm?
1927  Economy / Service Announcements / Re: bittit - Sell your pictures for Bitcoins on: January 05, 2012, 04:52:50 PM
(although this time it will be harder for me to check whether it's original or not).

How do you do it with pix? I mean people could stream their pron subscription to your site and as long as you don't have such a subscription you would have no way of telling if this is all private pix or owned by someone as long as someone doesn't file a DMCA against you.
Besides it doesn't have to be pron. It could also be private pictures from facebook.
In your best interest you should either go underground yourself or require your users to register and remove all unregistered content.
1928  Bitcoin / Legal / Re: Customs tax and Bitcoin on: January 05, 2012, 12:09:14 AM
Also, after having thought about it for a while, what you paid for probably was not an import levy, but VAT. Most goods imported into EU are not subject to import levies, but almost everything is subject to VAT.

I guess the amount I paid over its BTC price was VAT. I paid some additional tax on the contents.

EDIT: Yeah, 18% VAT, 3.7% Import Duty, and a minor Excise Duty.


Did you get a receipt?
1929  Economy / Web Wallets / Re: Blockchain.info - Bitcoin Block explorer & Currency Statistics on: January 04, 2012, 11:47:16 PM
my rationale is, that there are more transactions in a block when it takes longer to create it.

Nope.Transaction count should have no effect on the mining speed. Else miners would make most profit with empty blocks.
1930  Economy / Web Wallets / Re: Blockchain.info - Bitcoin Block explorer & Currency Statistics on: January 04, 2012, 11:11:09 PM
"$$ mined per day with a 1Gh rig"

If you can give me a formula then I can add it. (network hash rate / (n blocks mined * market price))?

marketPriceUSD*1Gh/s*24h/avgHashesToSolveBlock*(nBTCMined+totalBTCFees)  Grin
1931  Economy / Web Wallets / Re: Blockchain.info - Bitcoin Block explorer & Currency Statistics on: January 04, 2012, 12:41:50 PM
Hi,

I just browsed through the massive amount of charts at http://blockchain.info/charts . Really great Smiley

May I suggest one more? "Bitcoin Miners operating margin" sounds interesting but as electricity costs are a very wide range I'd like to see a graph:
"$$ mined per day with a 1Gh rig"
As you know many people switched off their mining. Today less than 70% of the machines that mined before are running today. The graph I suggested helps them decide when to switch back on as they know their costs.
1932  Bitcoin / Armory / Re: Armory - The most advanced Bitcoin Client in existence! on: January 03, 2012, 11:38:43 PM
This is great. I'm also interested in why you did it. After all there are several open source bitcoin clients that could need patches for these features. Hope you get and accept the support to push this client to a bright future.
1933  Bitcoin / Bitcoin Discussion / Re: What do you want in a new Bitcoin Exchange? on: December 31, 2011, 07:15:36 PM
Ok, now I just tried it out and instead of my available €€ I set an order that was rounded up. Result is that I have one order with state "Not enough funds".
I have no idea if you opted in for automated splitting or what but here it does not work that way out of the box.

:/ ok, now the order got clipped to the available amount somehow but it was first listed as "not enough funds".
1934  Bitcoin / Bitcoin Discussion / Re: What do you want in a new Bitcoin Exchange? on: December 31, 2011, 06:52:46 PM
Holy crap, that's complicated.
Not really. It could be additional to the pure text based interface just to let you easily see where you have your orders. A personal market depth should not be complicated for a trader that also somehow has to understand the global market depth. Allowing to manipulate the own market depth is only logical.

I'll stick to price, quantity, submit thank you.
My main criticism was the case where I want to change an order, so you stick to delete one order, enter a quanity, enter a price and submit.

BTW, on MtGox, your fist example would be activated just fine (buy 50BTC@$2).  The fee comes out after the trade, so you would end up with 0.994*50 BTC if your order was filled.
I'm pretty sure I ran exactly into this problem. They improved a lot since then.

Even if you only had $98, the order would automatically split into an active order of 49BTC@$2 and an "insufficient funds" order of 1BTC@$2.
Splitting is definitely new.

The behavior I have described has been in place for at least 8 months (including on the previous trading engine).  I guess in the big scheme it may be "new".

Ok, now I just tried it out and instead of my available €€ I set an order that was rounded up. Result is that I have one order with state "Not enough funds".
I have no idea if you opted in for automated splitting or what but here it does not work that way out of the box.
1935  Bitcoin / Press / Re: Bitcoin press hits, notable sources on: December 30, 2011, 04:57:56 AM
Quote
Bitcoin – An Analysis

Erik Tews
2011-12-29

http://cryptanalysis.eu/blog/2011/12/29/bitcoin-an-analysis/


Kay Hamacher and Stefan Katzenbeisser presented their analysis of Bitcoin at 28C3.



prerelease video: http://www.youtube.com/watch?v=rJN0Hm3srUc

I'm sad that the audience didn't point out the absurdity of some of their ideas and claims.

their ideas are total bullshit! sorry for posting here but the video really gets me mad.
1936  Economy / Service Announcements / Re: Bitmit - Bitcoin shopping platform / auction house NEW: Referral program on: December 28, 2011, 12:55:16 AM
interesting. found this site today and i like it although ...
  • initially I may choose 30 days, 100 days and endless but clicking 30 sets it to 3 removing the other options.
  • The defaults don't apply here. It always defaults to 7days - I want 30 or 100 days. My "products" are never "new". Also I want to be able to have the auction be instantly visible but end at 10pm some day. Now I set it to start tomorrow 10pm.
  • I would like to browse German auctions.

... so now I'm curious if I can sell my Beatles white album Wink
1937  Economy / Services / Re: Introducing the Bitcoin100: A Kickstarter for Charities on: December 27, 2011, 01:42:50 PM
@giszmo, thats an interesting idea. Would you mind sharing it on the Bitcoin Charity List Thread as well?
Sorry. Forgot to mention I release my idea under the WTFPL, so you are basically free to do that yourself without any obligations what so ever.
1938  Bitcoin / Bitcoin Discussion / Re: What do you want in a new Bitcoin Exchange? on: December 26, 2011, 07:28:33 PM
Holy crap, that's complicated.
Not really. It could be additional to the pure text based interface just to let you easily see where you have your orders. A personal market depth should not be complicated for a trader that also somehow has to understand the global market depth. Allowing to manipulate the own market depth is only logical.

I'll stick to price, quantity, submit thank you.
My main criticism was the case where I want to change an order, so you stick to delete one order, enter a quanity, enter a price and submit.

BTW, on MtGox, your fist example would be activated just fine (buy 50BTC@$2).  The fee comes out after the trade, so you would end up with 0.994*50 BTC if your order was filled.
I'm pretty sure I ran exactly into this problem. They improved a lot since then.

Even if you only had $98, the order would automatically split into an active order of 49BTC@$2 and an "insufficient funds" order of 1BTC@$2.
Splitting is definitely new.
1939  Bitcoin / Bitcoin Discussion / Re: What do you want in a new Bitcoin Exchange? on: December 26, 2011, 06:32:21 PM
Finally I would love to see the market depth in real time, too like on mtgoxlive within the same graph.
1940  Bitcoin / Bitcoin Discussion / Re: What do you want in a new Bitcoin Exchange? on: December 26, 2011, 06:26:51 PM
I want an easy put and change orders interface. Of course this would not target those API users but rather the small people who want to toy around with BTC.

I don't trade much but as far as I know on Gox it works like this:
I have 100$.
I put in an order 50BTC@2$.
It doesn't get active cause I forgot about the fee.
I do a second order of 49BTC@2$.
Later I place a third order of 30BTC@3$.
It doesn't get active as I don't have money left so I have to cancel the other offer first.
Putting, cancelling, watching the market ... involves different tools. I use my calculator to somehow put in all my coins/$$ etc. (MtGox got better with that respect I guess).

I would rather want to have some drag and drop interface like this:

Red are my buy orders and blue my sell orders.
I can drag these in from outside and out to a recycle bin.
I am allowed to save invalid/inactive orders (C and D).
If I charge my account, these become active (and visible in the order book).
E and F are in contradiction as they sum up to more than the 20BTC that I have (blue BTC line) so the last of these would be inactive, too.
When I add/move a red/blue order, the lower red/blue line ($/BTC remaining) moves accordingly.

While dragging and at Mouse-Over I would see the exact price and amount.
Mouse-Wheel would allow me to zoom in and further adjust the Satoshis/ct.

I can switch my interface to BTC or $. The above image shows the $-view, so my 20BTC offer @ 4.2something is shown as a 84$ offer.

Finally I can set the interface to instant confirmation or to ask me for confirmation when saving my changes (default).
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