You can on Bitstamp. Exchange them on Ripple with IOU BTC Bitstamp, deposit them on Bitstamp and withdraw them  Do it quick through if you don't want to go through the hassle of getting AML verified, https://www.bitstamp.net/article/bitstamp-new-verification-requirements/ BitStamp is requiring AML for Bitcoin transfers (ie deposits, withdrawals) as of Sep 30th. You've got a few days. HostFat and mah87, still waiting for a response. Or do you think I deserve "a bullet to the head"?  hey trade do you think bitstamp could just deny a bundle of existing users their AML applications and seize their BTC |
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Make a clone and change the mining algorithm...oh wait...lol  Ripple had most opposition among current bitcoin holders. If somebody would make a clone, where ripple ledger would be created by importing latest bitcoin ledger as genesis "block" (no history, just address-balance), all bitcoin holders would automatically become ripple-clone stakeholders. Additionally, exchanges with shared wallets would have a great incentive to become gateways, which are a critical part of ripple infrastructure. and logins would be done how? hashed private keys? against addresses |
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Problem is that all of you who don't like Ripple have very old arguments based on speculation, rumors or things that were a problem long time ago, but are solved and are not a problem anymore. Things changed... You all started learning about Ripple and then stopped 6 months ago, there are a lot of new things and solutions for common problems. For example, it's obvious that you don't understand how Ripple works when you call it "financialized debt scam", you probably have knowledge about Ripple that is old at least 6 months. You must explore what is new and then talk about Ripple.
Coming from someone who has made at least a dozen material representations promoting ripple. Do you have any specific "old arguments based on speculation?" No? TradeFortress, I see you as a competitor to Ripple, so I understand why you spend so much energy talking around that Ripple is not good, you are afraid of competition. Then be a competitor and don't play dirty. Those guys spent a lot of energy creating Ripple, you probably spend a lot of time creating inputs.io One thing why I didn't invested in your product is this: https://opencoin.com/ I can see who they are, what they worked on before, we can see them at conferences, they stand behind their product with their careers, history, names, faces... I can see everything about the company: http://www.crunchbase.com/company/opencoinI can see who invested in it, company address, phone, other contacts... If you feel that Ripple is your competitor, do the same, post who you are, what is your company address, how do you look like, post your history and career, be a public figure. Organize a panel and confront OpenCoin crew live in front of curious public. I would be the first person who wants to see your live debate, feed our minds with truth, share all those arguments live, don't be brave and shy at the same time, stand behind your product and tell people why it's better then Ripple and why Ripple is a bad thing to invest in, but tell it live, with your real name and face, not as a TradeFortress. When you do that, I will consider investing in your products yes but TF doesn't have a phallanx of lawyers on tap, google backing him, etc etc, OC or others could cause trouble for TF Satoshi makes a good case for staying anon. I think your argument is built on a fallacy. |
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I had BTC in my Ripple wallet and it seems to be spending them at will for Ripple! The whole wallet is a mess after that update. Can an employee comment on what is going on?
this what was with that update....it seem to have made things worse |
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i dont have this problem. try posting this at the ripple forum. it is probably only you because no one posted this before.
don't quite follow, this is a really common problem with ripple all the time, but worse right now |
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Being trying to use XRP platform, a fraction of volume fails 5 times to execute a transaction says offline now this is pretty poor for a system that's supposed to handle large volume your new life of pause  |
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i will tell you one thing...I have been trying to use ripple for the last 10 minutes and 5 times it just has failed to do anything...
gotta say this is not a good look for a system that's supposed to do any sorta volume, meanwhile BTC coins went goes like a dream
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So how long until a ripple clone can be put up?
we should make 100 billion and have lest destruction fees and lower reserve.
will consider giving BTC to anyone who can do this and I will buy the cXRP (cloneXRP) from them.
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After the GOX melt down earlier this year, there were 100's of threads and a Chinese wall of text on distributed exchanges, replete with picture, flow charts, etc
now nothing has come of it, that I can see.
Did any of them go anywhere?
I said at the time, if they spent as much time cutting code as wall of text, they could have made something.
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the dead man switch would be for the bitcoin or (bicoin now) service to go and find the beneficiaries
a main point of the service is they come to you in person, and they teach you and examine your understanding.
further as they will only hold one of the keyfiles, they can't steal the btc from you.
I accept the trust thing is an issue....
there has been no need for a dead man switch for centuries... bitcoin is no different the a bearer bond. all it requires is writing details in a will as to how to use it. EG "i leave the contents of the safety deposit at bank xyz to my beloved chldren" then inside the safety deposit box is everything they need. as for a deadman switch service meeting up with family.. well im not american so thats instantly $1000 for the service just to cover flight costs, then car rental fee's and labour.. your looking at atleast $2000 total.. id rather stick to the good old 'last will and testiment'. much cheaper, more legally and securely stored. and the family know where to go to to see the will.. unlike a deadman switch.. if i died, firstly if my family did not know about bitcoins there is nothing stopping a deadman switch company just keeping the funds and denying knowledge of any agreement. put simply a deadman switch is a useless brainfart that is just going to be abused I'm not sure you understand the concept of keyfiles in true crypt... the company could never even access the trucrypt container without all the keyfiles, they could never abscond with your btc's. All they could do is deny they had been engaged, but you lawyer would know that in your will |
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more posts dedicated to trying to set up insurance policies..
i love the way they say for people to not trust the legality of a will, but to trust them as honourable people to look after you when you die.
which losely translates to, dont tell anyone in your family about bitcoin, dont write it in your will, then when you die no one will chase after it.
the best suggestions are the conventional ones. put it in your will, store it safely and put detailed instructions with it.
to all those saying 'but the family wont know what to do' .. well i can think of many things, such as property deeds, bearer bonds and company shares that many relatives of mine would have no clue how to cash out. but i would never let some stranger on the other side of the planet make empty promises to honour a dead man switch if i died. people have gone through bereavement for millions of years without a need of a deadman switch, bitcoin is no different.
think about it, when you die your family receive an email
"inlight of your recent bereavement it has come to our attention that your family member held some funds with our service, please provide your bank details, name, address and identification to prove that you are the executor of our customers accounts. we will then convert the funds to a currency of your choice, minus our fee's"
sound familiar to other emails people get in their spam box daily?
the dead man switch would be for the bitcoin or (bicoin now) service to go and find the beneficiaries a main point of the service is they come to you in person, and they teach you and examine your understanding. further as they will only hold one of the keyfiles, they can't steal the btc from you. I accept the trust thing is an issue.... |
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It needs to be a Company,
a 'Company' ...  Why not implant an RFID a flashdrive with the private key somewhere in your body? Your family can throw a treasure-hunt party after you die  what I mean by 'company' is rather the aspect of a company that offers permanent succession and not dependent on any single person being alive or working for them, much in the same way the cyrgenic freezing 'companies' are set up. It may be a trust, foundation, company, etc...any way that's one of the features of a company I was trying to strike at. |
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Some bitcoins were seized and later destroyed when the police raided the occupy wall street camp. They took the laptops and later destroyed them. I don't think those policemen even know what bitcoin is ...
You sure they were destroyed? I would suggest to anyone in NYC to keep an eye out for laptops on police auction  So it seems there have been no significant seizures. I wonder if a gov like germany, whom has declared bitcoin a legal currency, seized some bitcoins, could they legally destroy the BTC? (As in, its illegal to destroy cash money in the USA). you can't really destroy btc, (without deleting every single copy of the blockchain), only stop btc being moved, |
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You can just write the private key in a letter, and seal the letter and gave it to a lawyer who will give it to your children when you die.
there is no way I would trust a lawyer with this, he opens letter and burns it after. No one would ever know! Split the private key using Samir's Secret Sharing algorithm and give several trusted parties a fragment. For example, a 3-of-5 scheme where you give a fragment to a spouse, friend, family member, lawyer and bank deposit box. Any 3 fragments can be used to recover the private key. A short instruction on what Bitcoin is and how to use the private key you can spread more liberally to your beneficiaries. I was actually thinking recently - this would be an interesting place for John K to branch out, and maybe finally form a proper company, since he already holds so much in escrow and has trust established unlike any other member of the community. Since he's quite knowledgeable in Bitcoin, he can offer a Q&A session with family, whereas a letter can't do that and you need to have everything either fully explained to them while you and they are both alive, or a pretty darn good (long) explanation in text. You would pay someone like John to both hold a key fragment and explain to the beneficiaries what Bitcoin is and what their options are. Of course, if you don't go through someone like John, you might not expect them to realize the massive death taxes they'd be liable for in most countries. I thought about this as a specific business as well, you need someone/service to be a custodian of the BTC and to explain how to use it, just in case as it is so easy to screw up if you dont know what your doing, and near impossible if you do and the stakes are high you need a service that is trusted knowledgeable about BTC legally trained tax training anyone want to start this? for saftey the client should I think use truecrypt key files and only give one to the service A and another to service B or say typical trust / will / lawyer and the encrypted truecrypt container to kids, and lawyers and on the net. service A would then sit down over for say 1-2 hours a week/fortnight over 2 months and make sure the receiver demonstrated an understanding of bitcoin tech from a private key level, moving bitcoins, dangers of online wallets with examples, exchanges and their risks, tax implications in their jursidiction, and air gaping etc etc, examination, and use cheap coin eg GLD or any other cheap alt to test/teach. After this the hand over his key file. |
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You can just write the private key in a letter, and seal the letter and gave it to a lawyer who will give it to your children when you die.
there is no way I would trust a lawyer with this, he opens letter and burns it after. No one would ever know! |
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used coin jar today!!!
one question how do I cancel a pending, Ie i went to the first stage to buy a BTC but then did not click through, timed out
it just shows pending now
I'm still not sure how you can work so much to maintain the code base, customer support, financials fx etc, you must not sleep.....its a great effort!
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I am trying to figure out how to pass on bitcoins via trust or will or some other service/instrument.
The problems are multiple
[1] How do you trust some one to do this, they can simply abscond, and it would be hard to track/stop/recover
[2] If the child/beneficiary is not technically good, and can't grasp private keys, and the pitfalls with bitcoin use, and wallets, encryption/duplication and back up of data sets etc
[3] Air gaping etc
I'm sorta thinking that you need a service, that gets one key file for say true a crypt container and another separate organization gets another key file and both then sends them to the beneficiary and neither organization knows who you gave the other key file to.
then the person can unlock the encrypted file, which you left them on multiple media and cloud etc, and you have to leave detailed instructions and say some GLD coins or cheap coin in a wallet/with private keys as well and tell them to play with that first, back up etc etc
open to ideas
It sorta really important say you get hit by a bus , and don't have this set up, that's its all for nothing.
EDIT [1]
The cacassius, solution does not imho sufficiently cover the use of BTC/CC's to ensure they don't screw it all up.
EDIT [2]
The insta death prevents all the hand over on death bed options and similar.
EDIT [3]
I propose the following solution
It needs to be a Company, as good as a single person is, if they get insta gib'ed game over. The Company can survive indefinitely, and employ people like John K.
The Company must be
>Trusted
>Knowledgeable about BTC/Tech/Tru Crypt (pref to pywallet level at least)
>Legally Professionals (for relevant jurisdiction)
>Tax training (for relevant jurisdiction)
The client useing truecrypt and choose key files and only give one to the Company and another to say typical trust / will / lawyer and the encrypted truecrypt container to kids, and lawyers and on the net.
After Passing away, the Company would be contacted by the deceased lawyers and merely told of the passing and the children's beneficiaries location, or if you want this could be triggered by a dead mans swicth that emails the Company to a pre arranged
The Company would then sit down over for say 1-2 hours a week/fortnight over 2 months and make sure the child/beneficiary demonstrated an understanding of bitcoin tech from a private key level, moving bitcoins, dangers of online wallets with examples, exchanges and their risks, tax implications in their jurisdiction, and air gaping etc etc, examination, and use cheap coin eg GLD or any other cheap alt to test/teach.
After this the hand over key file [1].
Keyfile [2] held by other company merely turns up and gives key file to the relevant person.
As an aside This make the values really easy to apportion by the settlor (Parent) as they can move amounts between keys any time, no need to go back to the lawyer/company etc.
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ok been using coinjar for a while now, pretty good, nice interface, though a tad confusing, buy bitcoins/sell bicoins would be easier inmho that filler, and buy and sell nested under that
noticed
[1] CBA fell off, exactly what happened, I could not see the full story ITT
[2] So NAB now?
[3] Read TF's comments, would like a private key option....
[4] The rates are good 2% but even with PIP points at 2, not sure how you do it....I mean where are you buying from?
[5] Since the engineer left, who is doing the codebase? It looks like a lift from coinbase, but still alooot of work to keep it all running and mod it to Oz banks, do you hire people in?
I admire your efforts to date...!
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Perth is dead?
Anyone for this Sunday morn? usual place State Library Coffee shop.
Just noticed this; judging by the response I guess no meeting this month? looks like it would just be you and me i'd love to go, but in syd!!!! |
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hey Micro Guy I really admire the effort you put into GLD
I kinda wonder why you didn't start your own coin?
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