Our company is based on very deep philosophical foundation of freedom, voluntary association, and the principle that the free market should be able to provide all of the services traditionally "provided" by governments without relying on the initiation of force.
While I appreciate what you try to achieve I still don't understand why did you decide to create new blockchain? Why colored coins over bitcoin blockchain is not sufficient for your project? |
|
|
|
It's just amusing how the OP posted a heavy topic where he is not interested in replying in is own thread! Just interesting.  Just interesting how BFL sockpuppets have questions to the OP but don't have questions to the BFL crooks. |
|
|
|
"I just received my BFL order from several months ago, therefore they are not a scam".
I think that's called subjective thinking.
BFL sold the expectation of a certain percentage of the network hash rate, and took customers' money in exchange.
They have delivered, to each of a small fraction of those customers, a small fraction of the promised percentage of the network hashrate.
"A year ago I paid BFL $150 to provide me, after a two-month waiting period, with 0.03% of the network hashrate. Twelve months later they shipped me 0.001% of the network hashrate.
The value of what I can hash today has increased 1200% in that year, but that still leaves me with 40% of what I paid for. But I'm happy, and they are not a scam."
I guess. They get 100% of your money. You get 40% of what you paid for. They are not a scam. Neither is the seller of a 12mpg auto that advertised 30mpg, nor the streamer of an online movie that stops 40% in.
If you're happy with 12 mpg or with 40% of a movie, then you weren't scammed.
Show me an ASIC vendor who sells a stated percentage of network hashrate to a customer, then delivers that percentage or promplty refunds the price difference, and I will show you a non-scamming ASIC vendor.
No, they sold you a car that gets 30 mpg (just like they advertised), but gas prices have dropped to $0.50/gallon, so you're mad that you won't be saving as much money. No, gas prices have gone up, not down! |
|
|
|
What does BFL scam has in common with "Legal Tender" laws? If you want to repay your debt for used service or product and you can't return the same service or product you can repay with "Legal Tender", of course. But the exchange rate (price) has to be current, not the one at which debt was made! Go to your bank in the US and ask if you can borrow in euros or pounds and repay in dollars. Then ask what exchange rate they will apply, the exchange rate when loan is made or exchange rate when loan is settled? |
|
|
|
Here are the new videos of the Monetas iPhone app How are transaction fees applied in this app? |
|
|
|
They have shipped units, how is it a scam lol
At the beginning of his "business" Charles Ponzi had also paid high yields to some of his customers. He had even paid after one month, not after one year lol In his last interview he justified what he did this way: "Even if they never got anything for it, it was cheap at that price. Without malice aforethought I had given them the best show that was ever staged in their territory since the landing of the Pilgrims! It was easily worth fifteen million bucks to watch me put the thing over." |
|
|
|
I already updated the second post after my announcement to give some credit to Jean-Pierre, though I guess most of the credit goes to the researchers who uncovered the vulnerabilities in the first place. But still, it was very useful for Jean-Pierre to inform us privately.
The Android JVM is open source. It's called Dalvik. I don't know where anyone would get the idea it's not open source from.
It's a pseudo open source! It is not strictly a JVM as it is register based VM (opposed to stack based standard JVM) that executes its own Dalvik byte code, not Java byte code. A tool called dx is used to transform some Java classes into special .dex file format. Some structures (magic numbers) of the .dex file format are not well documented. If you create your own VM and file system and tag it open source you have to open source all the tools you use to compile it including the JIT compiler and interpreter. Few links exposing recent security holes in Dalvik's proprietary .dex file format: http://www.retrodev.com/android/dexformat.htmlAnatomy of a security hole - Google's "Android Master Key" debacle explained http://nakedsecurity.sophos.com/2013/07/10/anatomy-of-a-security-hole-googles-android-master-key-debacle-explained/Anatomy of another Android hole http://www.digitalnewsasia.com/node/2940 |
|
|
|
done and done, thanks to you and this community for such watchfulness and timeliness with these kinds of issues.
You're joking, aren't you?  This post is over one month old, while this one over half a year... Watchfulness my ass As always, Bitcoin is mercilessly exposing every shady practice on everything it touches. I don't trust Google. Like MS they are also in bed with the US government. They try to promote Android as open source but keep the JVM for Android closed. This is why every Java based app for Android is not truly open sourced! Period. Paragraph. |
|
|
|
But they are shipping. "Where do you think the difficulty is coming from"   BFL are mining with customer ASICs making money for themselves at the expense of their customers ROI. Isn't it obvious? Besides, there are other ASIC manufacturers as well. |
|
|
|
I assume someone has already mentioned bitmessage.org (even though it's not email) it could replace email someday as a secure alternative.
Unless it becomes possible to send and receive messages to non-bitmessage users I highly doubt it will gain much acceptance. There's too much network effect to overcome. It is already possible to configure Thunderbird mail client to route mail through the bitmessage network ... it will become just another protocol layer option like POP, IMAP, SMTP, etc. Excellent. |
|
|
|
The sad thing is that encryption is complicated enough that the average law-abiding citizen will not jump through the hoops required to get it up and running, but so cheap and easily accessible that any criminal or terrorist smart enough to pose a real threat can easily incorporate it.
It doesn't make sense that the government is spending so much money and effort collecting all of this private data just to catch the dumbest terrorists out there.
It makes perfect sense if you understand that the primary purpose of collecting all this private data is not to guard you from terrorists! The government needs all this data to control society through social engineering and paid media presstitutes. It is not that difficult to see what is in the mind of a senior government official. They know better what is good for us than we do. They are responsible statesmen. Average Joe and Mary are just dumb sheeple. |
|
|
|
Hmm.. I guess ill change my mind to buy it? Is there any other better asic that ships fast out there?
If you are serious, give Bitfury a look. Yes there is a wait, but they aren't taking orders for things they dont think they can deliver. They had an august delivery purchase(limited and over), and a October delivery purchase which I think is still available. https://megabigpower.com/shop/Look them up in the Custom hardware section. Wait, so you'd recommend buying from a company who has delivered nothing vs a company who is actively delivering units? Wait, is that said about the time when Avalon were actively delivering units and BFL (the "two weeks TM" scam) were actively delivering nothing but promises? |
|
|
|
Yes, many feel burned It is not just a feeling, it is a fact. And not many, but 90% of BFL customers will never get positive ROI. In fact they are neither customers nor investors. They are sponsors of a group of scammers. |
|
|
|
I still don't understand why is all that drama that one central bank said Bitcoin is illegal?
Anti-bitcoin powers would use any chance to damage image of the system. I'm pretty sure that they gave the go-ahead even to respected media to wind unverified information. Easy for them because the scapegoat is there, ready and hard-nosily keeps his original posting. The fact that one central bank announced that Bitcoin is illegal doesn't damage image of the system in any way. Quite on the contrary. This fact just confirms that Bitcoin is exactly the instrument that it was meant to be when created 5 years ago. It can successfully compete with central bank fiat money. |
|
|
|
I still think that there is a serious possibility that the official saying this really meant: "Buying and selling bitcoins without a money changer license is illegal and since you don't have one, you better stop doing it" "Wishful thinking" is the term for your thoughts. I still don't understand why is all that drama that one central bank said Bitcoin is illegal? |
|
|
|
Put another way: if you loan someone 2btc when usd/BTC is 200 and they pay you back 3 BTC when usd/BTC is 100 did you come out ahead?
Sure I do! If I want to come ahead in USD I would loan USD. If I loan BTC I expect BTC back. Sounds strange? Are you honest with yourself? Put another way: if I loan someone 2 BTC when BTC/USD rate is 200 and instead of paying back 3 BTC he can pay back his loan with only 1 BTC because rate is 600?! Is that what you'd justify? If you think that first scenario was a positive outcome, I certainly wouldn't want you as a business partner! In the second scenario, yes, I might be open to it. Its called looking at the whole picture. Bitcoin doesn't exist in its own static world, it constantly intersects with fiat because that's what we earn and spend day in and day out. Nonsense and BS... To wrap it up; 1 year ago when BTC/USD exchange rate was at 20 I loaned you 4 BTC at 25% interest rate. Now you can pay back this loan with only 1 BTC because exchange rate is at 100. Reason: we must be "looking at the whole picture"... Is that your understanding for a fair business, moron? Have you ever touched a real business during your entire life? Next sock puppet, please! This one is smoking some BS and exposing BFL scam even further. |
|
|
|
You should read what the bank really said. The bank was reasonable. Really? Why don't you read it once again? http://www.posttoday.com/เศรษฐกิจ-หุ้น/การเงิน/237451/ธปท-จับตาเฟดตัดสินคิวอีhttp://asiancorrespondent.com/111332/has-bitcoin-been-banned-from-thailand/Post Today cite BOT Governor Prasarn who states that in relation to the statement the Bitcoin company posted on their Web site, that the company contacted the BOT to request permission for the “money changer” business, but what they are doing is not exchanging of money. It may constitute being related to changes in the exchange rate. Therefore, we asked for suspension of activities through their Web site while we investigated. For now, we are liaising with relevant authorities to look at the details both the ICT (in relation to electronic transactions), Ministry of Finance, and the SEC before considering whether we can give a license or not.
BoT Governor is saying that Bitcoin is not money and you claim he is reasonable? |
|
|
|
Put another way: if you loan someone 2btc when usd/BTC is 200 and they pay you back 3 BTC when usd/BTC is 100 did you come out ahead?
Sure I do! If I want to come ahead in USD I would loan USD. If I loan BTC I expect BTC back. Sounds strange? Are you honest with yourself? Put another way: if I loan someone 2 BTC when BTC/USD rate is 200 and instead of paying back 3 BTC he can pay back his loan with only 1 BTC because rate is 600?! Is that what you'd justify? |
|
|
|
It's beginning to look really ugly for anyone holding onto their BFL order that is not in the first month of orders. Jalapenos seem to be shipping at a decent clip but those who ordered singles/little singles/minirigs are being left in the dust.
BTC ROI for the little single I ordered (first week preorders were available) is now at the 6 month mark from my calculations.
we've discussed this at length. use USD roi calculation. if you get it today your USD break even point is roughly 2 weeks. Why would I calculate ROI in USD when I paid in BTC? Yes, it has been discussed at length and BFL sock puppets keep disregarding the obviuos. Ordering bitcoin ASIC is not a USD investment, it's a BTC investment irrespective of how you paid it. Your ASIC can be used ONLY to mine BTC and nothing else. If the price of BTC drops to zero the price of your bitcoin ASIC will drop to zero as well. |
|
|
|
|
I'm sorry but if your central bank told you should suspend your exchange because Bitcoin is not money, there is no doubt that the only conclusion is that Bitcoin is illegal as money in Thailand. You might not like it but this is it.
|
|
|
|
|
Show Posts
