Bitcoins lost is lost forever, irreplaceable, and unrecoverable. Lost Bitcoin not having a "heartbeat", or I think the correct analogy is not having a "crash cart" to bring it back to life, or circulation, never to be available to be mined, is a good intended feature. It just makes the Bitcoin's you're holding now much more valuable!!! Scarcity is great feature!  Remember this factoid. Bitcoins total mined is around 21 million, but even though there's a cap on total number of Bitcoins to be mined, doesn't mean there's a finite amount of Bitcoin. Bitcoin is divisible by 8 places, so in reality, there's a near infinite amount of Bitcoin that can be used by the masses... |
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The approximate amount is known a staff member came forward. As for the owners I am sure they made dangerous enemies and they better hide
Why should they hide, they were so hardcore pro that no-one knows who they are. They were the only darkmarket with so good security that were never down, NEVER! Believe me that authorities wanted them down in the same time als silkroad reloaded, but they simply couldn't. Those guys will return with a new darkmrket in a few months, really don't know who to trust now, the only option now is a decentral market, with no-one in charge, but that seems impossible... time to check NXT Freemarket or OpenBazaar  Speaking of which, when the heck is OpenBazaar launching?! Sh#t's taking too long, we NEED a Decentralized market place badly, especially with this Evolution news. No trust whatsoever with centralized market places, even with multi-sig escrow... |
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So the big dump was caused by bull shit news, massively over estimating a number of coins scammed by an online drug site?
If that's true the BTC world should be ashamed, reacting to fake news.
Anybody got a link citing the real number of coins stolen by Evolution? All I keep seeing is the $12mill worth posted everywhere. |
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i am new to following bitcoin is something like this part of the drop in price today. Or is todays drop normal?
Normal. We usually drop to $0 before retracing though, so this is a tiny move. |
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Thats it? People got robbed again? Yep. And a criminal that scammed drug dealers out of $30+ millions (more than is currently sitting at the orderbooks in bids on all major exchanges combined) can dump whenever he feels like it. He's probably already doing it (and won't be finished for quite a while) I don't buy it. The guy is going to dump $30 million on the exchanges and then what- kindly ask Coinbase/Bitstamp/Kraken for a Western Union? Heck, it's unlikely the exchanges would even let the guy get his BTC back out once they put it in. They aren't dumb, and the high-volume exchanges are known to ask "where did you get that money?" before giving it back. No, this sounds like a group of professional whales, that sit around waiting for some media event of note, then they take advantage of it in concert to crash the market to mop up big-time. Unless something really important has happened- I think people are being taken for a ride..... That's what BTC-E is there for. Wanna hear a joke? "Do you know why BTC-E never gets hacked? Because the hackers wouldn't know where to launder their funds next" BTC-E isn't so loosely run. It might looks like it, because that's it's "special trademark feature" but they aren't idiots. A) BTC-E has been hacked before. B) They aren't going to launder $30 million in drug money when.... C) They could at minimum confiscate it themselves. BTC-E has kept users funds before, I find it highly unlikely they would let someone move millions of illicit funds through the exchange in a 36 hour period. Maybe over many months, but not days. Their FIAT still sits in a real bank somewhere after all. They can spread their dumps on various exchanges and that's it (and use various coin mixing services, pump&dump some shitcoins to leave no trace in the bitcoin blockchain and whatnot) Are you saying that you think those hackers are not gonna get a penny out of their BTCs? No, I think those hackers are going to get a shit ton of money out of their BTC's. I just don't think they are going to do it this, or the next week. I don't think they are ever going to use the exchanges for that money either. I think Evolution was a scam from the start, they came up with a scammers business plan, they worked on it, they collected the cash and they got out. I'm sure they planned for this and it does not involved "dumping on the exchanges". They are professional criminals who have financed their operation with criminal investment capital. They aren't stealing 100K BTC today for $30 million dollars. They are going to save that money till a)statute of limitations passes or b) it's worth $100 million, or $500 million or more and they will very slowly and calmly find a way to spend it. Or sell it off in bulk to some other criminal investor. Running a dark market like Evolution is an enormously complicated, risky and dangerous endeavor. They people who aren't professional criminals, like DPR, get caught because the government simply has too many resources for non-professionals to get away with. No, this Evolution money isn't hitting any exchange, anytime soon. And why would it? Why would these people, who just scammed people into letting them hold their money, give someone else all their money? They aren't stupid. They know most exchanges are risky-as-fuck. They aren't putting money that they earned by committing crimes worth life in prison into other exchanges run by criminals or idiots, or law abiding and AML checking accountants. This is a a group of dumper whales that just wait for bad news (which always happens) seize upon the opportunity and move into action. We wouldn't really panic if the sale of all those bitcoin were for no particular reason, but link it with any media report and you've got a full-blown freakout. Like I posted before, it's these jokers doing it together: https://www.whaleclub.co/ |
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Thats it? People got robbed again? Yep. And a criminal that scammed drug dealers out of $30+ millions (more than is currently sitting at the orderbooks in bids on all major exchanges combined) can dump whenever he feels like it. He's probably already doing it (and won't be finished for quite a while) I don't buy it. The guy is going to dump $30 million on the exchanges and then what- kindly ask Coinbase/Bitstamp/Kraken for a Western Union? Heck, it's unlikely the exchanges would even let the guy get his BTC back out once they put it in. They aren't dumb, and the high-volume exchanges are known to ask "where did you get that money?" before giving it back. No, this sounds like a group of professional whales, that sit around waiting for some media event of note, then they take advantage of it in concert to crash the market to mop up big-time. Unless something really important has happened- I think people are being taken for a ride..... Dam F#ckers from Whale Club performing concerted dumping simultaneously!   |
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So are the savings on the Amazon side, or is it because the BTCs are marked up that you "save" 35%?
I think it's 1% fee on any orders placed using Purse, but the Amazon side savings make up for what you pay Purse for using their service. |
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Pretty goods informations , thanks for sharing those with us .
However I sitll see "Get 20% Off Items At Amazon Using Bitcoin" on Purse.io is that a normal thing or it's a random percentage depends on the item etc ... Can be from 1% to 35% ??
~ Madness
I believe the discount you get as a new "basic" user is 8%. You can read this Coindesk article to see the whole Purse process: http://www.coindesk.com/review-is-the-purse-discount-really-worth-the-hassle/ |
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Hopefully they partner up with bitpay as well. There is a decent number of bit coiners that will not use coinbase. I count myself among them.
You don't have to use Coinbase if you don't want to on Purse. It's just there if you don't own any at all. You'll still get Amazon savings no matter which way you pay your BTC. Savings range from 8% to 35% or so. |
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Purse partners with Coinbase to simplify your Amazon purchases with Bitcoins: http://www.pymnts.com/news/2015/coinbase-puts-change-in-purse/#.VQm06Y7F9pUPurse, a specialized bitcoin platform that lets customers buy products on Amazon at a discount, has partnered with Coinbase to simplify the process, the company announced on Monday (March 16).
Under the new agreement, Coinbase customers will be able to transfer bitcoin from their Coinbase wallets for Purse transactions. “At Purse we strive to make saving on Amazon as easy as possible. We’re happy to announce an update that will make it much easier for mainstream users,” Purse’s blog post said. “With our Coinbase partnership, shopping on Amazon will be as easy as checking out at a Coinbase merchant. Customers can transfer funds from their Coinbase wallet and start using Purse within minutes.”
The partnership with Coinbase will also help with the implementation of new apps and features, the post added, but gave no further details.
Purse’s appeal is built around the relative difficulty of spending bitcoin as well as the difficulty of acquiring it in the first place, and it uses Amazon’s wish-list feature to tackle both those problems. On the Purse platform, a customer who wants to buy a particular item from Amazon posts the item he wants to buy and the amount of bitcoin he’s willing to pay — usually at a discount from Amazon’s price. When a second party agrees to the transaction, the second party pays Amazon for the product and has it shipped to the original customer, who transfers the appropriate amount of bitcoin to the second party.
In effect, the original customer pays bitcoin to get a product from Amazon, while the second party uses a payment card or PayPal to acquire bitcoin.
Purse also recently opened a brick-and-mortar retail store in San Francisco’s Mission District called Nakamoto’s, where only bitcoin is accepted for purchases. The products Nakamoto’s offers are also priced at a 10 percent discount from Amazon’s prices, CoinDesk reported in February.   Win win for both companies, but most of all, to us Bitcoin customers!  |
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the trolls are back this is a good sign Finally, the trolls awaken from hibernation!  The balance has been restored in the Wall Observer Thread. Been too long since we've seen bears sling their twisted version of wisdom among us. |
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@ ChuckBuck , Thanks for your link mate going to check it out , hopefully it's for free for now @ ETFbitcoin , Not a fan of games , at least not that much . Only games I need is Dota which is free and CS:GO which I already have they are a lot of fun and I don't need others , most of steam games that I own are basically for Re-selling (Buy low , sell high , profit) @ Kipsy89 , Excuse my ignorance but Cold storage means Offline wallet / Hardware wallet or something simillar ? for now they are on my Desktop wallet ~ Madness Believe @Xapo is active right now in this forum, so you can even PM them directly to get more details to your questions. |
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Unless you have this:  Mining is a suckers game at any tier or level, but especially if you don't have a good hosting/asic manufacturer bulk deal. I'll take high rank sig campaign anyday....get paid a few bucks for typing a few intelligent lines, sign me up!
What's going to get you to 25 BTC faster, mining or dedication to a signature campaign with a high rank (Sr Member or Hero)?
Maybe the better question is how long does it take for a miner to get their first block reward (of 25 BTC)? I can figure out the breakeven on the sig campaigns.His question was not which makes more profit but which will get him to 25BTC faster. So mining is the only logical answer as a person can achieve that in a day or faster with a high enough hash rate. There is no sig campaign that will pay out 25BTC in a days ( or in a month) time even if you could post enough. So unless he wants to give more information and or refrase the question mining is the correct answer. In reality, wrong to both mining and sig campaigns. This is the correct answer 11 times out of 10:  You cannot just say mining BTC to get to 25 BTC like you have unlimited budget to spend to throw at mining. So that's 100% wrong to begin with. You can't say I'll just eat a million dollar loss due to hosting, electrical, cooling and paying off mining partners/workers, but I'll mine a block in a day! |
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So $15 is now considered a CRASH in Bitcoin world?!!  What do we call the Goxxing in February 2014 when we touched $100 coin then? The Bit-pocalypse!  Huh? In February we didn't really touch a $100 coin, man. The price only broke that low for a second on BTC-e or Finex due to a cascade, I guess... And on Gox because they were, well, running a fractional reserve and sold coins that didn't exist. But not the regular price on exchanges! Not sure what a cascade is, but if it's on the historical chart then it happened:  |
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Bitcoin's going to $0 peeps, book it!  SELL SELL SELL! It's over, nothing more to see here...  /end sarcasm |
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@ChuckBuck , Most of those companies don't ship where I live (Algeria) so It's little bit hard to buy anything from them . for Gift cards ... I can find them cheaper then their original price , I found 10$ for 10$ gift card is a little bit expensive ~ Madness Hey Madness, About you get one of these and and see if you can use it in your everyday stores: https://in.xapo.com/campaign/debit/https://xapo.com/Pretty sure you shouldn't have trouble using a Bitcoin debit card in Algeria. Chuck Thanks for your reply . Well to be honest they are totally useless also in Algeria since We don't use Debit or Credit cards around here , when you are in a Shop , you just give them cash and they give you the product or whatever you bought . I know I'am suffering Still , I may be interessted , do you have an Idea how much the price of that Debit card ? I may use it if I travel to United Kingdom soon ~ Madness Believe it's still in Beta so could be free for now. If not, then looks like $15 for ordering a Xapo Debit Card: Here's the fee structure: http://support.xapo.com/95219-What-fees-are-associated-with-the-Xapo-Debit-Card |
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