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1981  Bitcoin / Bitcoin Discussion / Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed. on: May 17, 2013, 02:25:45 PM
Stop living in your dream world.

Account created February 10, 2012. 4th post made February 28, 2012. 5th post made March 05, 2013. So...you bought it?

Care to elaborate please?

There is lots of innuendo here, lots of reading between the lines, fact is I've had no problems with Mt. Gox, no lag, no latency, money in, BTC out, they're doing everything I'd expect an exchange to do, in a timely manner, so what is the story?

Account created March 24, 2013.

Soo...there was some sort of solar flare in March or what? Did you actually read and comprehend the linked material or are you yet another one of the hands in ears "lalala I know better than all of you because I'm me and rain doesn't exist because my three weeks' experience doesn't contain rain"?
1982  Economy / Securities / Re: S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx on: May 17, 2013, 02:23:26 PM
Thanks I didn't mean to offend you MPOE still learning these things

That's ok, you have to really try to manage offending me.

I was thinking that I would need a Yubikey on top of that and learn what the heck STAT and Armor were well as expected the bar is fairly high but once you get it probally is cake

You don't need a yubikey (nor is it actually very useful). A STAT is just that, you type out STAT and gpg-sign/gpg-encrypt it.

Dear Lord, what is this ?
Yes, this is dog. == God never got that reference

Some meme thing.

Bunch of linux nodes/unix command probably to execute orders.

Actually if you use pympex (and I think pretty much everyone does), which is simply a python script, you can run it on any platform (windows, linux, mac, anything that has python and gpg ported which pretty much means everything).

how the shares would be transferred etc would be a puzzle

Transferred where you mean?

Was wondering if you could point me in the right direction so I can calculate it then

S.MPOE: April, March, February, January, [2012] December, November, October, September, August, July, June, May etc (yes it goes back further than that).

For example were the accounts resell-able if the cost of entry rose in the foreseeable future or were the keys assigned by IP and unique  identification.

There's no assignment whatever. If you can use the registered key to sign you can issue orders, they will be honored.

Since passthrus are conducted through MPEX and have a reverse conversion option on most indexes what were the advantages of that and relating to that what is the average net investors wealth on mpex due to the high entry makes sense for big users to play there.

Can you rephrase this?

And relating to that what degree of margin is allowed was another curiosity WOT = Web of Trust  ratio's to positive ratings etc and its % based return on margins.

Can you rephrase that too?

That said people use MPEx for a reason and it remains popular even if I don't know all the reasons why so could use some enlightenment if you have any points that I missed.

Security. MPEx is both theoretically (because of pgp, for instance) and practically (because of its history, for instance) pretty much the only secure service in all of Bitcoin (and yes, anything website-based is insecure by that very fact).

Professionalism. Too much stuff to list, not to mention too many people will get severe acute butthurt if I do. Reading my post history may be a good proxy.

Economic reasons. 0.2% fee sell side only is still by far the lowest fee in BTC. S.DICE raised ~50k BTC on its IPO, this is yet to be matched by anyone. Stuff like that.
1983  Bitcoin / Bitcoin Discussion / Re: The Conference, Second Edition on: May 17, 2013, 02:11:27 PM
Ha, thanks PR girl Smiley   You have more than proved my point with MP!

This'd be the first time you had a point. What was it again?
1984  Bitcoin / Bitcoin Discussion / Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed. on: May 17, 2013, 12:19:09 PM
Instead of bashing a site that have served the community so well, to bring bitcoins from cents to dollar parity, and to where it is today

If this weren't so stupid it would be just a plain lie.

Listen here: what MtGox did for the community is deny and ignore reports about their security being poor for two weeks before being actually hacked, which nearly destroyed Bitcoin. That going from 30 to 0 did not destroy it is a testament to the power and worth of everyone else. What MtGox did do is pose the largest threat to Bitcoin's existence, unsurpassed in the entire interval and likely to never be surpassed.

After that what they did was ignore requests from the community to fix their engine, which to this day consists mostly of lag, alongside a litany of other perfectly legitimate requests I'm not going to bother to list for your noobish benefit.

All the while they sucked millions of dollars from the same community in fees, which they have utterly squandered.

MtGox is the enemy of Bitcoin. More so than any state and more so than any government, more so than any one person, MtGox is the one thing that is Bad For Bitcoin.
1985  Economy / Service Announcements / Re: Winklevoss Index = $12,770,919 on: May 17, 2013, 12:16:36 PM
You do realize that Google puts your clicked links higher?

He doesn't. The link made me chuckle too.
1986  Economy / Service Discussion / Re: Merlins Magic Bitcoins.com (wtf!) on: May 17, 2013, 11:28:28 AM
There's ponzi schemes... Then there's this  Cool

I liked the music to say the least Cheesy

Notable in that they've stolen every bit of IP conceivable. There's the hobbit franchise or w/e, but then there's the (doubtlessly unauthorised) casascius coin used as a backing for the "referrer", and on it goes.

This thing must be Chinese.

http://www.google.com/search?q=merlinsmagicbitcoins.com

They're everywhere already, moneymakergroup.com talkgold.com realscam.com you name it.

From that last site,

Quote
Hulme, Nigel nigelhulme@btinternet.com
Stubbits Turners Hill Road
Crawley Down, West Sussex RH10 4HQ
United Kingdom

Turns out it's not Chinese.
1987  Bitcoin / Project Development / Re: [ANN] New China Bitcoin exchange, 0.1BTC / CNY 100 giveaway on: May 17, 2013, 11:08:09 AM
Cool. Get in the WoT would you.
1988  Bitcoin / Bitcoin Discussion / Re: PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed. on: May 17, 2013, 10:55:37 AM
Whereas, Coinlab,

It's not a X vs Y debate. Coin* (all of them, base, lab, whatever) are teh Yfail. This has no bearing on MtGox being teh fail, unrelated topics. We're not electing politicians here, to be confronted with a choice between self-entitled clueless arrogant fuckwit vs partially reanimated corpse. We can reject the entire slate no problem.

"Greetings, I am rpietila of the Zulus, and our words are backed with nuclear weapons."

Lmao Bitcoin's master troll to date has been playing Civ, too.

Go to Timisoara after your recuperation, you can buy each other wine and cigars.
1989  Economy / Securities / Re: S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx on: May 17, 2013, 10:51:09 AM
Totally unrelated I get the impression there is more sdice trading on havelock than on mpex itself.

For example, right now there have been 86700 shares traded on havelock (16th of May) versus 23800 on mpex (day volume).

The past month it's about the same around 320 000 shares have traded on havelock versus 300 000 on mpex.

That's because there are, like, 5 people on MPEx that paid the fee to become a member...compared to Havelock, which is open to the publicly created accounts.

50 Bit a pop is a bit too pricey for me to join also I could not understand the interface well technically I can but that still looks messy it works though. I heard there are advantages with MPEx as they are direct and not passthrus and get an IPO edge not sure about that now with more exchanges though, so besides the 5% dividend cut on funds not sure much else differentiates them, but possibly more choices.
Of course big spenders would want that 5% dividend if they had a million bucks Smiley Get their 50 BTC back fast
Or the ability to make passthrus on other exchanges and get 5% for redistributing
Also that 50 BTC was worth more less 50,000 in at current rate assuming 100 bucks at 20 bucks where it would be reasonable 1000 lol

For the record: Korbman is some failed wannabe financier (loosely associated with some wannabe competitor for that matter). Take what he says with a grain of salt (not because what he says about MPEx is wrong, which it is, but because what he says about finance is stupid, which he is).

Other than that: fee is still 30 BTC. There were > 100 paid accounts in January (sauce). You can easily calculate how many accounts are paid monthly/cumulative seeing how they're itemized in the S.MPOE monthly reports.

On a more general note, the set of people making negative assessments of S.MPOE/MPEx and the set of people that are either too lazy to read or functionally illiterate (for either an intellectual or educational deficit) converge greatly.

The former group is somewhat larger, as it also contains a naive contingent that (wrongly) imagines itself able to impose error as commonly accepted truth through winning some sort of marketing contest, in spite of this never having worked before and without bothering to notice the pain inflicted on those who have so far tried to. Partial list of people you might have heard of includes Amir Taaki, Nefario, Goat - who after six months spent in an opium den to try and forget his previous beating is back again apparently looking for more - Gigavps, Patrick Harnett, Kludge, Meni Rosenfeld, rpietila and on and on it goes. The forum is littered with the decomposing carcasses of those who thought they know better than MP, they can more than MP and whatnot.

Good time to buy SDICE shares.

Quote
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

Well according to the crowdsourced wisdom in the other thread the right time to buy a stock is when it's expensive and the right time to sell it is when it's cheap.

Before you laugh, this is in point of fact exactly the advice "financial advisors" were even recently giving their well paying, high powered customers such as Stanford etc.
1990  Economy / Securities / Re: Furthering the S.DICE / AM comparison on: May 17, 2013, 10:47:22 AM

Wrong, again

AM dividend this week: .0362 per share.

That's the highest ever.  It also represents about 2.1% (109% APR) of the current share price on Bitfunder.

Dude, totally. 0.036 aka 2%, you've completely proven me wrong.

People buying past March 9th will make back on average 30% of their investment. The golden section of Bitcoin mining investments.

Book it ye buncha herpderps.
1991  Economy / Securities / Re: [PicoStocks] 100TH/s bitcoin mine [100th] on: May 17, 2013, 10:46:10 AM
Wafers still need to be thinned, diced and packed. I'm expecting chips in ~2 weeks. Fingers crossed!

Two weeks? Now where have I heard that one before....
1992  Economy / Service Announcements / Re: Winklevoss Index = $12,770,919 on: May 17, 2013, 10:45:28 AM
out of your supposed 70,000 visitors I'm sure 69,995 don't know who that person is.
I'd be stunned if that high a percentage of people using Bitcoin were unfamiliar with the Winklevoss twins.

... Not that I want a "Winklevoss Index"...

We know and don't care/aren't particularly impressed. Max Keiser, another utterly anonymous famous person also made very similar claims for very similar reasons at about the same time, with the same pretense and everything. Do you see a pattern here?
1993  Economy / Service Discussion / Re: Satoshi Dice -- Statistical Analysis on: May 17, 2013, 10:44:25 AM
Relevant analogy :

If there is a country where every husband and wife decides to have children until they have a boy, what is the distribution of boys vs. girls in the country?

Same as in the neighboring country, I would guess? (Many boys just after a war, many girls just before one).
1994  Economy / Service Discussion / Re: Since Mt. Gox has so many problems, why hasn't a better exchange taken over yet? on: May 17, 2013, 10:43:28 AM
1. Buyers need sellers.
2. Sellers need buyers.
3. Bringing 2-3k sellers and buyers online in the same time on your NEW exchange is impossible. Simply impossible.

We talk about a new exchange being trusted by thousands of traders. It looks easy but the truth is :

- NOBODY trusts a new exchange.
- NOBODY use a new exchange.

Those are the reasons we only have 3 big exchanges :

1. TRUST
2. "The chicken or the egg" causality dilemma.

We (www.bitcoin-exchange.info) have solved number 2 but number 1 can be solved only in time (at least 1 year). Period.

Thank you for your expert judgement calls based on nothing whatsoever.

OTC trade is up a good 50% in the past three months. The thing with Bitcoin is that idiots/noobs believe in the website model, and so agglomerate themselves in the killing fields (aka websites). People who know what's what use the WoT and trade OTC.

This trend will continue, the combined "exchange" market will likely continue dropping in relative value and eventually mature into the < 1% it's supposed to be (to which add, of course, all their own wash trading, fake walls and whatnot).
1995  Economy / Service Discussion / Re: BTCGlobal - This is gonna b gud on: May 17, 2013, 10:41:39 AM
BTCGlobal looks rather suspect to me. Can't find the companies registered anywhere, the address given isn't a true addy 12959 Elmore Park Rd #8
Bartlett, TN 38134

[oficial site] http://btcglobal.net/ phone number is given +1 718 514 9868 which is voip phone from NY
Google +1 718 514 9868 comes up with this guy http://btcxperts.com/en/profile/steven-morell/2 also http://director-ee.com/profile/morell

It might be legit but if people misrepresent themselves ie. phone, addy then I get suspicious.

There was recently a relatively large scam (fractionary reserve "exchange" + "investments") that popped in that part of the world. Not surprising another one is coming up, made by the same people or just contenders.

Wouldn't trust it with Kludge's wife's (they personally consider themselves married, but legally, they are individual and thus have rights they'd otherwise forfeit) 401(k).
1996  Economy / Service Discussion / Re: Merlins Magic Bitcoins.com (wtf!) on: May 17, 2013, 10:39:44 AM
Seems that the well known yet little discussed fact that the majority of people "in Bitcoin" have a mental age of about nine is finally being recognized and exploited commercially.
1997  Economy / Service Discussion / Re: Intersango money withdrawals frozen since 14th March 2013 on: May 17, 2013, 10:38:54 AM
Has anyone tried to withdraw their money from Intersango, their status has not been updated since 14th March 2013 and has been saying that the withdrawal backlog dates to 7th March 2013, this has been for more than a week now.

There is a queue, but it is being processed.  I'm sorry I forgot to update the status page, I'll be sure that it's updated more frequently.

As activity on Intersango decreases the rate of withdrawal requests has been increasing (this of course makes sense), however the rate at which they can be processed remains the same.

I would ask that people don't open support tickets for withdrawal requests in the "requested" state.

Transfers are manually processed, they have not gotten lost, opening a support ticket just means I have to spend time explaining this instead of actually processing them.

Some people have asked about what the order of the queue is: transfers are sent oldest to newest until the daily limit is hit (this is a BZWBK restriction) at which point the next smallest transfer under the limit is sent until there are no more.

Again transfers are being sent, but there is a significant queue.

Herp.

Bitcoinica Scamsultancy busy at its usual work I see.
1998  Economy / Service Discussion / Re: How do other sites protect against DDOS? on: May 17, 2013, 10:37:46 AM
There's exactly one that so far has. You can read up on the details here and here.

The problems with services (such as low end Cloudflare or slightly higher end Black Lotus and its rebranded resellers) are many and numerous. You may pay MP for consultancy on the topic (cheaper) or discover them for yourself, just as MtGox & co have (more expensive).
1999  Economy / Service Discussion / Re: Is Mtgox going down ??? on: May 17, 2013, 10:36:52 AM
Yes, MtGox is doing down. /topic
2000  Economy / Scam Accusations / Re: TradeFortress is a scammer. on: May 17, 2013, 10:36:23 AM
You give trust every time you want to receive payments in Ripple, no I didn't get 1 BTC, someone else did. Mt Gox isn't responsible if someone sends coins to Satoshi Dice, even if you argue "but they should have added warnings!".

Actually there is ample room here for a cherry truck argument. "They are both equally something or the other because they both were involved and that's all it takes" or some such Joel Katz level idiocy.

If you dislike guns, will you shoot at people to demonstrate that it hurts? You would go to jail.

Not in Bitcoin. Which is precisely why people like Bitcoin. You can't have both ends.

I never realized how flawed ripple is, thanks for that.

Ditto.
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