LOL, I always thought it would go: 1. Buy a cheap new still in the box computer from a store far away (in case someone is expecting you to buy one locally and rigs them all to spy on you) 2. Inside a tent (to prevent spys with fancy camera, spy satellites, etc) in a large field boot Live CD and run vanitygen 3. Memorize address and private key 4. Destroy computer 5.  6. Profit! The tent needs to be lined with tinfoil, or satellites could read the data by measuring the magnetic fields emitted by the hard drives. |
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The weak spot in Bitcoin is the size of the blockchain.
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I don't think an auction format will fly for the sale of bitcoins. I list a bitcoin at $10, someone lists it at $9.99. Now I have to edit my auction? How is that any different than an exchange?
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If in the end, the exchanges stop using Dwolla, I am completely done with them as a customer and will no
longer recommend them to my friends. Hopefully they have an easy way for me to delete my account via a few clicks of
the mouse.
IMHO you should have stopped recommending them the instant they unilaterally changed their terms without notice. That's illegal. |
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I do a lot of online work for people I have never met. I dislike Paypal, but I can't drop them until I have a similar replacement.  |
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Dwolla has already refused to respond and only admitted in one email - right before we went public - that 'charge-backs' did/do occur. After which, they promptly changed their TOS on July 25th (the day we went public). Everyone knew they promoted and marketed 'no charge-backs' and this is what made them so attractive to Bitcion exchanges.
I believe it is illegal to unilaterally change terms of service without notice. I hope you have copies of their old terms so you can sue them. You are doing a great job Adam. Ignore the couple trolls who are trying to twist your words. |
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I'm back home in China now.
That whole story SUCKS Nefario. I had a similar negative experience with them, and now I use a travel visa every time I plan to pass. Doesn't give them a chance to say no. |
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I am an adult - I'm 22, currently living at home while attending University. Terry Armstrong is indeed my father.
Cool beans. I actually would have been shocked if you were just some teenager - your grammar is very good.  |
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You could consider floating your investment on http://glbse.com - it gives you the mechanism to issue shares and reward your investors with dividends... That program is still in beta. |
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Nice Alta Vista reference, but I've probably been in computers longer than you.  A child under 18 cannot get a credit card, rent a VPS and become a director in a corporation, something this person would have had to do unless he was using his parent's resources and being dishonest with some terms of service. It would be nice if Colin Armstrong would come back and tell us if he is an adult, so we could put this to rest. But the phone number registered at that address is Terry Armstrong and that is probably his father. |
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You need to more specifically layout your assumptions about how many Ghash you will be able to build for every X dollars, why you have the technical expertise to run a small farm of computers, what your assumptions are about future difficulty increases, what your cooling costs are in a hot state, why you think mining at a cost of XX/kwh is going to be profitable when people can mine at YY/kwh etc etc etc.
I've actually been thinking of renting out mining pools this winter, when temperatures in Canada can reach -40. |
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Bitcoins are not as anonymous as cash.
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Nonsense. In Canadian law, you cannot enter into an agreement with a minor. If he is under 18 anything you are sending to him is his, and he has no legal liability to give it back.
Are you making up or have you just misread something? A minor, or anyone with diminished mental capacity, can more easily get out of a contract if it becomes clear they were taken advantage of, but that doesn't mean you can't enter into an agreement with a minor. I'm just basing that on common sense though. Not making it up, and I just verified. In Canada (and the US) you need to have reached the age of majority to have competence to contract. |
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How old are you?
getting a little creepy there Jafm. Nonsense. In Canadian law, you cannot enter into an agreement with a minor. If he is under 18 anything you are sending to him is his, and he has no legal liability to give it back. I asked his age because I don't think he is the owner of the house at that address - meaning he is probably living with his parents. |
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The number listed in the whois is from an Indian cell phone?
Very nice looking neighborhood though, according to Google Earth.
Really? It's my cell phone. Area code 905 is for southern Ontario, where I live. I believe you, I just found it odd it was listed on (several) old Indian cell phone registries. How old are you? |
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The number listed in the whois is from an Indian cell phone?
Very nice looking neighborhood though, according to Google Earth.
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How do we delete posts we created by accident?
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The only way I will not deliver is a combination of two events:
1. My BTC wallet will get hacked (unlikely, I'm securing my bitcoins rather well, on a separate dedicated machine). If this were to happen at the current rate, I would just buy the 100 BTC I owe people and pay everyone back, because my reputation and credibility is worth to me more than $1500.
2. If Event #1 (My bitcoins were stolen) were to happen and BTC vs USD will rise "too much" that the cost of buying back the lost BTC would be too much (my personal subjective value of "too much"), then I will default on the loan. For example, if 1 BTC would be equal $10,000 by December 1st, and my wallet was stolen, then I will not buy back BTC for $1,000,000, but rather file for bankruptcy.
What about 3) Pretend to have my BTC wallet hacked and keep everything? Didn't we just have a major exchange pretend to be hacked? |
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While setting up some bitcoin security measures and opening up some trading accounts i was having trouble thinking up passwords. After googling for a few minutes I realized that there is no way you can trust a piece of software or a website to generate a password for you.
http://www.lastpass.com |
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If FBI want to take legal action against your casino, they can register from non-US private proxy (which is NOT in your blacklist), then claim you illegally accept payments from USA players.
He should be able to protect himself from that in his TOS. The FBI can't break the law and then expect to make their own charges stick. As long as the owner does due diligence to obey the law he should be safe. |
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