i dont think its worth worrying about tbh  U'll change ur mind after buying something that is "illegal" from gov's point of view. [/quote] I wont be selling drugs to get bitcoins anyway and if i ever have coin in my posession that was used last year in some cocaine deal on SilkRoad it wont have been me that made that illegal transaction ,although somehow later i ended up with that same coin ..... Similar to how if i had a dollar in my pocket that could be traced back to a bank robbery in 2004 It certaintly doesnt prove i robbed that bank in 2004 ......... |
|
|
|
I still have yet to see an analysis that picks a random address from the blockchain and successfully identifies its owner by name.
All coins will probably be "tainted" at some stage ......even if you could say a coin was involved in an illegal transaction once ,god knows how many tumblers and wallets and banks and gambling sites its going to be in after that the only possible danger would maybe be in immediate reciept of a marked coin (like set up by the cops in a sting doing something illegal etc ) i dont think its worth worrying about tbh |
|
|
|
Real cash has one distinctive feature that cryptocurrencies don't have - anonymity. All transactions are stored in blockchains so every satoshi could be tracked down to its origin. There are a lot of laundry/mixing services but noone guarantees that their owners don't record transactions passed thru such services. In our world, when governments try to control every step of citizens, anonymity becomes more and more important. Is there any hope that Bitcoin/Namecoin/Litecoin will be redesigned? This could be done if someone invents a solution of this problem and implements it. But I think there is no a way for our community to come to a consensus regarding the problem.
No real question here, I just shared my thoughts...
the majority of 1 USD american banknotes once tested positive for traces of cocaine ,it didnt make any differnce to their value though i think bitcoins will be same ,at some stage ,the majority of them will have been mixed through blockchains of Silkroad transactions and all sorts of grey area stuff i dont see it making much differnce to the overall coin world ....... |
|
|
|
Uncle reeses will never steer you wrong.
So do I buy or sell? You should buy cheesy poofs. And then increase the scarcity of the CP market by eating them, removing them from circulation. Wash your hands before typing unless you have cheesy poof tongs or cheesy poof gloves. For everybody who cashed out of pirates deal in a blind panic ,think about what your losing on sitting on the coins now i have reasonable assets invested with pirate and his sub investors and have enough confidence he can pull it off for some time more ,even if he drops the rates a bit if i was sitting on my coins ,i would miss a nice payday every week and its more interesting to watch history in motion when you have some vested interest in it even if it does turn out to be a ponzi scheme ,they can run for a long time (even in the real world with real currency and regulations ) Since bitcoin is not legally a currency yet nobody will likely investigate so there may be many more successful payoffs before it collapses (if pirate is lying to everyone and the interest is coming from illigitmate means ) Early adopters cashing out arguably helps the ones who stay in since there is less people to distribute the money deposited from the new people with my 0.02 |
|
|
|
Nice of you to cut out the most important part of my post, but just so that we can keep the context of my post you quoted I'll post it again. I have a new theory!
Pirate is allowing ovr X million dollars of new money to enter the market below 10$ ( by keeping the price down as much as possible as he buys over 1 million coins )
once he's done his investors (wtv you wana cal them) will simply hold on to over 1million coins and watch the market naturally rise to over 50$ each!
I'm sorry to be this blunt but your theory is down right stupid. Not only is he borrowing BTC that could be on an exchange sitting in an ask wall, suppressing the price but he is borrowing to pay back interest at a rate of double what he borrowed in just 10 weeks. So not only is there less supply available for exchange then there could be otherwise but there's even more demand because he needs to buy BTC to pay interest. And now under these circumstances you think that his tiny little wall of 30k BTC is going to stop the price from rising? Is that why we went from $5 to $9.2 in the last month and a half? Is this him being successful??  Please, give it a rest already, whether money laundering or buying in at a certain price NO THEORY MAKES SENSE ANYMORE GIVEN THE RECENT PRICE CHANGE. As for your question, I think it's pretty simple: have you ever seen a bigger ask wall that could possibly be his? Remember that the theory says that he doesn't actually sell these coins, just display them as a threat in order to suppress the price. the way i see it ,if you have the most of anything you can manipulate its market value nobody knows how many coins pirate is effectively in control off so he could easily create highs and lows to buy and sell at his own advantage (if he has shitloads of btc ) I dont have his accounts so i dont know but i know the money/btc i get every week is real the only thing i dont know is where its coming from /ponzi new investors /trading stock markets ,money laundering for drug cartels etc etc or how long he can keep doing it its interesting to watch anyway, but dont bet what you cant lose |
|
|
|
I have a new theory!
Pirate is allowing ovr X million dollars of new money to enter the market below 10$ ( by keeping the price down as much as possible as he buys over 1 million coins )
once he's done his investors (wtv you wana cal them) will simply hold on to over 1million coins and watch the market naturally rise to over 50$ each!
And now under these circumstances you think that his tiny little wall of 30k BTC is going to stop the price from rising? how do we know exactly how many coins he has to manipulate the market/force trends and make walls ? I would imagine its waaay higher than 30k btc |
|
|
|
You're assuming his scheme will last 4 months... Are people seriously expecting a 7% return on their investment per week? LOL
the fact is ,he is paying these rates at the moment and you are still free to walk at anytime with you coins + interest how long it can last is anyones guess ,i believe market manipulation is a major factor and as long as pirate has an enormous share of BTC then he can continue to apply the scheme for a while yet (that doesnt mean im saying he wont run with all the coin at some stage ,just not yet ) If history is any guide then one of three things is likely to happen: 1) Interest decreases to a sustainable level as the market adjusts and reacts to the trader with all the coins. This is the best case scenario. 2) The market moves against the trader in a way the trader didn't anticipate, realising a large loss of customer bitcoins. Not everyone can be paid out. 3) The trader disappears / gets hacked / whatever and the customers lose their bitcoins. If it sounds too good to be true, it probably is. It's not really different this time. It's not a new paradigm where all the old rules no longer apply. Watching the market action with interest. +1 Pirates operation will have to end sooner rather than later. Just like Vladimir said once...you could in fact get all the bitcoins (21million) in three years with just starting with...i think it was 1000BTC and compound that for 3 years at 7.5%.... yeah yeah yeah his interest rate will go down soon...and will likely go down again 1, 2, or 3 months after that again. Another possibility is that he stops accepting new deposits and pays out all interest. Then he can go on indefinitely. I dont know if i follow this correctly ......... everyone gets bought out of the pyramid with their stake + interest but pirate stays in alone to reap further benefits ? |
|
|
|
Here is another view on things :
1. Move all your disposable cash to pirates 7.2% deal
2. Enjoy the interest rates while they last ,every 4 months you double your outcome
3. If you are worried pirate will default ,withdraw the interest every week and invest it in something safer until you have 100 % of your stake back (then your only gambling with money
you made from pirates "program " anyway )
If the wheels fall off ,pirate may return your coins or he may steal them but show me some deal that has no risk attatched and similarly enormous weekly payouts ? didnt think so.....
You're assuming his scheme will last 4 months... Are people seriously expecting a 7% return on their investment per week? LOL the fact is ,he is paying these rates at the moment and you are still free to walk at anytime with you coins + interest how long it can last is anyones guess ,i believe market manipulation is a major factor and as long as pirate has an enormous share of BTC then he can continue to apply the scheme for a while yet (that doesnt mean im saying he wont run with all the coin at some stage ,just not yet ) |
|
|
|
Just another random thought and warning:
Those who have BTC on deposit with Pirate might be too comfortable because they have been receiving payouts weekly. Don't get too comfortable. Just like gold and silver, if it isn't in your possession, you dont own it.
True ,but if people think its not there ,they can always withdraw to check |
|
|
|
It is a legitimate topic of discussion for the speculation board because if pirateat40 does get caught up in a short squeeze, he is a big enough player that it will have an impact on the price at least in the short term.
Here is a helpful tip: 1. Withdraw your money and profits with him (if you have any with him) ASAP. 2. Don't sell below $10 in the short term. Here is another view on things : 1. Move all your disposable cash to pirates 7.2% deal 2. Enjoy the interest rates while they last ,every 4 months you double your outcome 3. If you are worried pirate will default ,withdraw the interest every week and invest it in something safer until you have 100 % of your stake back (then your only gambling with money you made from pirates "program " anyway ) If the wheels fall off ,pirate may return your coins or he may steal them but show me some deal that has no risk attatched and similarly enormous weekly payouts ? didnt think so..... |
|
|
|
I need it to repay someone urgently for a small job they did. I just withdrew 800 from Mt. Gox last week and their wire hasn't processed, so I would need this urgently.
Like I said, I'm willing to show ID scan to a trusted lender.
I would be willing to do this, but you have to convince me. Why can you throw around $800 through wires but can't come up with $18? What is this small job? Convince me, because you look like a scammer thus far. Your recent posts look like you have been doing some successful trading/business, but I want to be sure. if you guys are really squabbling over 2 BTC you should probably both find something else to borrow /lend in |
|
|
|
if the forum is down, email admin @ payb.tc
Another idea would be a "contact us" button at bitcoinmax.com (next to the forum link?) the thing i'm a little afraid of there is that, at the moment only forum members can contact me. if i open it up to non-forum members contacting me, i'll have to have all my scripts in place and as much automated as possible so that i can create accounts / do withdrawals with 1 click, etc. i would still prefer a simple withdraw form (this does not mean it has to withdraw immediatly) contact form would fit also - you could just sent the current login with it. AUtomated deposit and withdrawl system would be a great feature to implement ,doing things by PM seems so stone-age ...... |
|
|
|
I used to run such a service, see my last message here: https://bitcointalk.org/index.php?topic=64793.20In short: My general idea was that it should be super easy and convenient to buy bitcoins with your phone, unfortunately this added a whole lot of challenges. If a phone is topped up with a stolen credit card for instance, this will be charged back, the operator will claw back the fund they paid the merchant, and the merchant will be out of pocket. So to combat this, the markup would need to be very high, or the cell phone users would need to be verified. From what I learned, funds could be reversed up to 60 days after the bitcoin purchase, if the funds used to do the purchase was stolen. Any ideas how the fraud risk could be reduced to a manageable level ? For anyone interested I have a fully working implementation with Impulsepay.co.uk, which is a UK operator, it's not live at the moment, and there should be a very good reason for me bringing it live again, if anyone would be interested in purchasing it, let me know. A competent dev could probably whip out an implementation in a short time anyway. The thing is that if the customer would have to wait to be verified, the convenience is gone with the mobile purchase. good luck with fighting the banks if you have accepted payments made with a stolen credit card...... |
|
|
|
Danny that's a bummer, do you live in an urban area? Maybe a craigslist posting would get more attention.
there is many asian users of btc already and likely many more inside the 6 months |
|
|
|
Here's another tip: search the Project Development subforum for "Electrum." This is a client that doesn't require downloading any blocks. This whole business of downloading blocks is archaic IMO.
download a lightweight wallet like multibit and there is no need to download the entire blockchain |
|
|
|
Solving blocks & recieiving free Bitcoins?
Making "workers" & mining?
Downloading mining programs?
what is all of this? Any help would be great.
Thanks.
|
|
|
|
just joined.
NICE TO BE HERE !  |
|
|
|
oh, you need to spend 4 hours on the forum and have 5 posts.
5 hours and 4 posts or ? |
|
|
|
I'd like to be whitelisted so that i can post and PM...I've been mining and have had a forum account and been lurking for over a year.
Thanks!
I need to be approved so i can send a PM to payb.tc because i want to discuss his investment program I have a fairly detailed knowledge of the bitcoin eco-structure |
|
|
|
|
Show Posts
