What is 500,000 bits anyway? So have people stopped pushing mBTC and now they want an even smaller unit? Just stick with BTC as the unit.... it's getting ridiculous.... next is nanobit? satoshi? Maybe we should schedule a unit change every 2 years....
If it becomes necessary every two years, I will be quite happy. |
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I have been chatting with Bitstamp support lately, asking nicely what the procedures actually are for withdrawing money.
More specifically "other than my passport, bank details and proof of address" (which they already have) "... what extra information may I be asked to submit?"
I won't bore you with all the details, but I cannot get an answer better than this:
"Unfortunately we are unable to provide you with any specifics regarding our internal processes"
The exchange of letters, now six and counting, involves their polite "please ask us if you have any more questions we can help with" and my polite replies saying "please can you possibly answer my existing question more specifically, or even at all?"
I just wanted to know if they actually have a list of things that 'may' be needed, or a level at which any further hurdles to withdrawal kick in at.
So far, I have been unable to find out anything at all.
Off topic, so apologies - but I think it would be nice to know about this, should our speculations ever reap larger benefits which we wish to actually take out of the exchanges we are trusting.
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Imagine a room full of people, not a big room (a large garage maybe) and they and cooperating to build something.
I don't think that is a good analogy for this thread... Rather, a bar where a couple hundred random football fans are watching a game on TV and betting on it?  Maybe you're right, but don't forget to add the old guy in the corner saying "This 'football' thing will never catch on, you know" |
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Jorge,
How many students do you have? Are you willing to facilitate giving each of your students some bitcoin? I'm willing to fund a project like this.
Oooooh, great idea! I pledge to give 23 of his students (if there are any) 5mBTC each.  you can quote me on this. Thanks for quoting me as i'm sure he has me on ignore. I'll pledge $2000 Great idea! It could give him a real life empirical experiment and enable him to watch the behaviour of Bitcoin owners. However, if I were a betting man I'd wager he'll turn this golden opportunity down. Doing real experiments involving a set of users and how they react to actually having BTC instead of tracing the sleeping patterns of the Chinese might actually prove something that does not fit in with his preconceived views. If they actually became positive about it, that would spoil it for him. |
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Off-topic: DRK suspended at Polo - forked / f***ed. Anther one bites the dust? Still on sale at a quarter of today's price at Cryptsy, but a bit of a lead balloon right now. Just bid a 10 satoshi for a few in case it survives  Lol. 40% so far? I expect it to be down with Auroracoin in the next 36 hours. Cryptsy have no shame; still running a market in a forked coin.... The 'masternode' con scheme went wrong, some people have lost big bucks. Still trading at 0.014 on Cryptsy - but that is somewhat 'optimistic' - I think it is just a lack of perfect knowledge in the marketplace. Thought: Things like this make you realise how brilliant Satoshi Nakomoto was: so many try and so few get even close to the massive paradigm shift he conceived of and created. Mindblowing. |
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Off-topic: DRK suspended at Polo - forked / f***ed. Anther one bites the dust? Still on sale at a quarter of today's price at Cryptsy, but a bit of a lead balloon right now. Just bid a 10 satoshi for a few in case it survives |
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at the moment LTC is the only alt that I would consider trading and investing in... it is also the safest one and the biggest and oldest and most developed 18 months back I would have agreed with you but times are changing, innovations and developments occurring - it pays to keep an open mind and a few satoshis available for new things. +1 I wholeheartedly agree, however, I am afraid no one is listening to you, Nanobrain. I am actually shocked. I have now sold half my LTC (which I never imagined even a couple of months back I would do) to get into DRK / MRO and XC and these and other new coins are looking really interesting as well as being wonderfully volatile. So many coins, yes - but not watching alts for developments is extremely short-sighted. The volumes for the top handfull of new coins is quite hefty, and as long as you buy according to innovative features, they're starting to make LTC look dated now. It will not move up with BTC like is used to as most people do not want to spend BTC on alts, but old LTC stocks (and PPC /NMC / XPM... et al) seem unnecessary now. Coins actually die and disappear every day - and only really innovative ones rise (and rise quickly). IMHO Anyone not watching is taking a big risk, as well as losing some interesting opportunities. well IMHO all the coins you pointed above are in a temporary hype, as usually they get pumped then people jumps in wishing to make some profits, and you go around the forum to hear them talking about how great the coin is and it offers this and that and whatnot but the real deal is that most coins are horse shit... seriously there I dont see the purpose of most of the coins, and dont tell me about anonimity and privacy... coinjoin offers the same shit, it was gmaxwell project (idea) and it can be implemented on any coin ( Bitcoin, litecoin, shitcoin....), even if we assume that an anonymous coin would technically survive how and who do you think will adopt that coin ? the only 2 most innovative coins I came across that really deserved some attention were Ethereum and NXT, sadly the pre-mine (IPO) philosophy killed a fear start, also the market is not really prepared for these features yet... we've got a long path to bring the basic features to masses, only then we can think about going to the next level. People should be watching NXT. If it were on all the exchanges DRK was on, it would be much higher. It is truly innovative and even if its before its time, it will be ready when its time has come. NXT is also in discussions with Overstock.com regarding a bond issuance and it will soon become its own decentralized alt-coin exchange, where people can trade essentially for free. So, because people don't do research, they think that DRK has special features, when, in fact, coins like MRO are much more superior as autonomous coins, while coins and systems like NXT are also capable of having this autonomy built into their system. DRK is going to crash soon. Yeah I bought NXT a while back, but it's not moved much in months, although I agree people seem to think it's capabilities are groundbreaking. As for DRK - it's one I am wary of but I have got some and it is way over where I got in. I am in XC (X11) to see what happens too - but I agree about MRO, and it is by far my biggest bet. I agree not all will succeed, it's brutal out there but some of these will be part of the new value exchange ecosystem that BTC is front-running. I think there are different roles for coins to perform and - sure - time will tell, but many coins have far more to offer than LTC which I personally think will continue to suffer from only having 'speed' as a reason for buying it. It will not go away in a hurry, but recently I have re-evaluated why I have always held so many and I don't regret it. I never gamble or bet, but I am sure about investing in LTC that I will take a 1000 LTC or the equivalent in BTC bet on LTC reaching $100 till the end of this year, will you bet against me ? If you 'never gamble or bet', I personally wouldn't want to encourage you - but I see Windjc might. All I can say is that I would strongly advise you not to bet against him. Please see edit above. I opted out of the bet. Again, I apologize to Mmitech. Noted - and I wouldn't want to tie up 20 BTC for a year either so I understand. |
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at the moment LTC is the only alt that I would consider trading and investing in... it is also the safest one and the biggest and oldest and most developed 18 months back I would have agreed with you but times are changing, innovations and developments occurring - it pays to keep an open mind and a few satoshis available for new things. +1 I wholeheartedly agree, however, I am afraid no one is listening to you, Nanobrain. I am actually shocked. I have now sold half my LTC (which I never imagined even a couple of months back I would do) to get into DRK / MRO and XC and these and other new coins are looking really interesting as well as being wonderfully volatile. So many coins, yes - but not watching alts for developments is extremely short-sighted. The volumes for the top handfull of new coins is quite hefty, and as long as you buy according to innovative features, they're starting to make LTC look dated now. It will not move up with BTC like is used to as most people do not want to spend BTC on alts, but old LTC stocks (and PPC /NMC / XPM... et al) seem unnecessary now. Coins actually die and disappear every day - and only really innovative ones rise (and rise quickly). IMHO Anyone not watching is taking a big risk, as well as losing some interesting opportunities. well IMHO all the coins you pointed above are in a temporary hype, as usually they get pumped then people jumps in wishing to make some profits, and you go around the forum to hear them talking about how great the coin is and it offers this and that and whatnot but the real deal is that most coins are horse shit... seriously there I dont see the purpose of most of the coins, and dont tell me about anonimity and privacy... coinjoin offers the same shit, it was gmaxwell project (idea) and it can be implemented on any coin ( Bitcoin, litecoin, shitcoin....), even if we assume that an anonymous coin would technically survive how and who do you think will adopt that coin ? the only 2 most innovative coins I came across that really deserved some attention were Ethereum and NXT, sadly the pre-mine (IPO) philosophy killed a fear start, also the market is not really prepared for these features yet... we've got a long path to bring the basic features to masses, only then we can think about going to the next level. People should be watching NXT. If it were on all the exchanges DRK was on, it would be much higher. It is truly innovative and even if its before its time, it will be ready when its time has come. NXT is also in discussions with Overstock.com regarding a bond issuance and it will soon become its own decentralized alt-coin exchange, where people can trade essentially for free. So, because people don't do research, they think that DRK has special features, when, in fact, coins like MRO are much more superior as autonomous coins, while coins and systems like NXT are also capable of having this autonomy built into their system. DRK is going to crash soon. Yeah I bought NXT a while back, but it's not moved much in months, although I agree people seem to think it's capabilities are groundbreaking. As for DRK - it's one I am wary of but I have got some and it is way over where I got in. I am in XC (X11) to see what happens too - but I agree about MRO, and it is by far my biggest bet. I agree not all will succeed, it's brutal out there but some of these will be part of the new value exchange ecosystem that BTC is front-running. I think there are different roles for coins to perform and - sure - time will tell, but many coins have far more to offer than LTC which I personally think will continue to suffer from only having 'speed' as a reason for buying it. It will not go away in a hurry, but recently I have re-evaluated why I have always held so many and I don't regret it. I never gamble or bet, but I am sure about investing in LTC that I will take a 1000 LTC or the equivalent in BTC bet on LTC reaching $100 till the end of this year, will you bet against me ? If you 'never gamble or bet', I personally wouldn't want to encourage you - but I see Windjc might. All I can say is that I would strongly advise you not to bet against him. |
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Not saying that DRK cant succeed or anything, but all this talk about "a better coin in town" heavily reminds me what dogecoin cultists were saying on the peak of its bubble.
Personally i think its just the new quark. The altcoin hype comes in waves. We've already seen the country-based coin hype (chinacoin, etc), the memecoin hype (doge, catcoin, w/e), some other types like quark, and now its apparently anonymity coins turn to get their pump.
I do agree largely - but I jumped in on this point in defence of Nanobrain - because until ebven a few weeks back I had been feeling (like you) that it was just P&Ds of gimmicky stuff. Doge is pretty much on it's arse - and all the other countless memes and gimmicks have had their day, but when you watch Poloniex, it is quite easy to see there is just no volume for all these faded names - but some new types of coin are emerging. It is worth watching, and there certainly is (ahem) some profit to be made to make your research time worth the trouble. A little off-topic, but I guess I am saying 'don't just write off alts because they are merely a bunch of joke-memes' and don't miss out on (as Nanonbrain said) throwing a few Satoshis into them, when it's not hard to pick up some tasty profits. |
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at the moment LTC is the only alt that I would consider trading and investing in... it is also the safest one and the biggest and oldest and most developed 18 months back I would have agreed with you but times are changing, innovations and developments occurring - it pays to keep an open mind and a few satoshis available for new things. +1 I wholeheartedly agree, however, I am afraid no one is listening to you, Nanobrain. I am actually shocked. I have now sold half my LTC (which I never imagined even a couple of months back I would do) to get into DRK / MRO and XC and these and other new coins are looking really interesting as well as being wonderfully volatile. So many coins, yes - but not watching alts for developments is extremely short-sighted. The volumes for the top handfull of new coins is quite hefty, and as long as you buy according to innovative features, they're starting to make LTC look dated now. It will not move up with BTC like is used to as most people do not want to spend BTC on alts, but old LTC stocks (and PPC /NMC / XPM... et al) seem unnecessary now. Coins actually die and disappear every day - and only really innovative ones rise (and rise quickly). IMHO Anyone not watching is taking a big risk, as well as losing some interesting opportunities. well IMHO all the coins you pointed above are in a temporary hype, as usually they get pumped then people jumps in wishing to make some profits, and you go around the forum to hear them talking about how great the coin is and it offers this and that and whatnot but the real deal is that most coins are horse shit... seriously there I dont see the purpose of most of the coins, and dont tell me about anonimity and privacy... coinjoin offers the same shit, it was gmaxwell project (idea) and it can be implemented on any coin ( Bitcoin, litecoin, shitcoin....), even if we assume that an anonymous coin would technically survive how and who do you think will adopt that coin ? the only 2 most innovative coins I came across that really deserved some attention were Ethereum and NXT, sadly the pre-mine (IPO) philosophy killed a fear start, also the market is not really prepared for these features yet... we've got a long path to bring the basic features to masses, only then we can think about going to the next level. People should be watching NXT. If it were on all the exchanges DRK was on, it would be much higher. It is truly innovative and even if its before its time, it will be ready when its time has come. NXT is also in discussions with Overstock.com regarding a bond issuance and it will soon become its own decentralized alt-coin exchange, where people can trade essentially for free. So, because people don't do research, they think that DRK has special features, when, in fact, coins like MRO are much more superior as autonomous coins, while coins and systems like NXT are also capable of having this autonomy built into their system. DRK is going to crash soon. Yeah I bought NXT a while back, but it's not moved much in months, although I agree people seem to think it's capabilities are groundbreaking. As for DRK - it's one I am wary of but I have got some and it is way over where I got in. I am in XC (X11) to see what happens too - but I agree about MRO, and it is by far my biggest bet. I agree not all will succeed, it's brutal out there but some of these will be part of the new value exchange ecosystem that BTC is front-running. I think there are different roles for coins to perform and - sure - time will tell, but many coins have far more to offer than LTC which I personally think will continue to suffer from only having 'speed' as a reason for buying it. It will not go away in a hurry, but recently I have re-evaluated why I have always held so many and I don't regret it. |
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at the moment LTC is the only alt that I would consider trading and investing in... it is also the safest one and the biggest and oldest and most developed 18 months back I would have agreed with you but times are changing, innovations and developments occurring - it pays to keep an open mind and a few satoshis available for new things. +1 I wholeheartedly agree, however, I am afraid no one is listening to you, Nanobrain. I am actually shocked. I have now sold half my LTC (which I never imagined even a couple of months back I would do) to get into DRK / MRO and XC and these and other new coins are looking really interesting as well as being wonderfully volatile. So many coins, yes - but not watching alts for developments is extremely short-sighted. The volumes for the top handfull of new coins is quite hefty, and as long as you buy according to innovative features, they're starting to make LTC look dated now. It will not move up with BTC like is used to as most people do not want to spend BTC on alts, but old LTC stocks (and PPC /NMC / XPM... et al) seem unnecessary now. Coins actually die and disappear every day - and only really innovative ones rise (and rise quickly). IMHO Anyone not watching is taking a big risk, as well as losing some interesting opportunities. |
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Oh gosh how hard is it :p. Mining, donations, sold stuff online, investments, payment for freelance work. Yes, a few sentences covers it.
They don't even ask for proof of where the funds come from, they just ask where they origin from. Big difference.
Agree with that part til 100%. Bitstamp should give more information on what happens with the passport scans, replies to questionaires etc.
Haha, sorry dude, just forget it. We won't be able to convince them... guess there are quite a few people in here that got burned badly on gox and are now a bit paranoid. The difference is, the gox problems were completely obvious a long time before it all came crashing down, just look at the huge thread of delayed withdrawals MONTHS before they actually shut down. That is what an exchange in trouble looks like, not this wet fart of impotent rage about their KYC procedures... Actually - I have been on Stamp since soon after it existed - before I even knew Gox was out there. I am verified and I just assumed taking cash (once I finally decide I want to) would be as easy as transferring BTC INWhat bugs me - is (assuming this is true) that while I have never had a problem trading or transferring BTC in and out, that they never said I might have to answer a ton of questions to their satisfaction to draw MY money out. I have just raised a support ticket - asking for details of their withdrawal policy, and taken all my BTC in there out to my wallet. What is unfair is not TELLING customers that policy has changed - I don't want to find out I will have a problem withdrawing! This is a rational and reasonable position to have. Why the hell should they accept my assets and let me trade them for their profit, but demand I jump through hoops when I want my money back? It's like a nightclub asking you for ID to leave when they let you in without it. |
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Darkcoin (DRK) up 30%. It's officially higher than LTC now, and will probably remain so. X11 is simply better than Scrypt
You should start selling those pretty soon. I don't own any unfortunately. In fact, I've never owned any, period. I'll never buy an instamined scam-coin, but IMO most people will endorse it as the next "LTC" for the X11 algo Even LTC looks useless to me right now. BTC is the only way to go. Hmmm... You may have a point. I'm not sure LTC will follow up as much this time, it's not always going to be Batman and Robin. I have hunch a lot of funds going into DRK / MRO has been by cashing LTC rather than BTC, I say this as it is effectively what I did. IMO LTC can't hang onto being No. 2 forever, people are looking beyond scrypt and there are options out there. Too many coins for LTC to fight against with just market cap and speed to offer. Darwinian stuff. EDIT: sense! |
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Oooh, just noticed Adam's new poll! Hmmm... no option for 500-ish...? I will be cowardly and vote next week, I think. To early to say yet |
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Am feeling positive, but let's see if Monday sees new fiat coming in and supporting this move.
I think after such a long dreary period it will take more than this to bring enough new fiat in to sustain "The Big Rally" we have all been waiting for.
Yes, it's a good start, but another 50 bucks up and we might see the sleeping piles of fiat taken off exchanges in the past few months coming back in.
Then we will have our climb, it will become self-sustaining quite quickly. The awareness of BTC is so much wider now - so any real rally will be of an order bigger than ever if those now aware think it is really happening.
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To whoever first mentioned Poloniex on here - and I can't remember quite who it was, I owe a thanks.
It's actually quite well designed and the MRO and DRK volatility has been a hoot.
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Looking back - that photo of Karpeles said a hell of a lot.
We should have known all along really...
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Hey Windjc, how's your 1200btc short doing? Do you still have it open?
Most of it. Yes. I have learned in the past, that the worst thing you can do it overreact when the market moves against you. It ebbs and flows. Certainly I am not happy about the announcement from the exchanges that caused all the shorts to close on Houbi, but I think it smart to see how this all plays out. Sometime soon, the exchanges have to come clean about what is going on. And, whatever it is that is going on, there is no way that the chinese market is bullish on fresh fiat. All we are seeing there right now are the same coins being traded back and forth and the only money buying is money of the sidelines. So, until I see a break of trends on high volume with confirmation, I won't be making any sudden panic trades. I'm with Windjc here, OK - I am not shorting 1200 BTC, but I am relaxed with a high fiat ratio - I can't see a case for real CCMF that makes me feel I will miss any train just now. Sure, I want to see rockets and choo choos, but I still have stepped bids at below where we are. My overall position (inc cold storage) will be happy with a leap up, but my trading stash is balanced for a move either way and I think that is entirely reasonable right now. We shall see - I am watching and waiting... and still a little bit bored Windjc is following my trades as a contrarian. I told him to buy at 430. If you follow him you might have to buy when the price gets a lot higher this week.  I guess the irrepressible chessnut will still claim he was right... |
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Hey Windjc, how's your 1200btc short doing? Do you still have it open?
Most of it. Yes. I have learned in the past, that the worst thing you can do it overreact when the market moves against you. It ebbs and flows. Certainly I am not happy about the announcement from the exchanges that caused all the shorts to close on Houbi, but I think it smart to see how this all plays out. Sometime soon, the exchanges have to come clean about what is going on. And, whatever it is that is going on, there is no way that the chinese market is bullish on fresh fiat. All we are seeing there right now are the same coins being traded back and forth and the only money buying is money of the sidelines. So, until I see a break of trends on high volume with confirmation, I won't be making any sudden panic trades. I'm with Windjc here, OK - I am not shorting 1200 BTC, but I am relaxed with a high fiat ratio - I can't see a case for real CCMF that makes me feel I will miss any train just now. Sure, I want to see rockets and choo choos, but I still have stepped bids at below where we are. My overall position (inc cold storage) will be happy with a leap up, but my trading stash is balanced for a move either way and I think that is entirely reasonable right now. We shall see - I am watching and waiting... and still a little bit bored |
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I know it's out of topic but might be interesting if you want to cut down the electricity bill and earn more. I have installed solar panels and have ability to host your mining equipment with 5% of total mined at the end of the month. I provide remote access and also maintenance if needed ( cleaning, etc.) I am computer technician and can also provide firmware updates if needed also ) If anyone wants then pm me. Location: Greece , Athens Thanks All electricity for 5% - any restrictions on what is mined, i.e. only BTC, or alt mining allowed...? Just curious... I like Athens, haven't been for ages.... |
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