If Bitcoin is going to take off, you've got to use it. I just talked to a customer service guy at Newegg. He said 'hardly anyone' pays with bitcoin. He said he's only dealt with two orders done in Bitcoin.
If you've got bitcoin, go spend some buying cool shit at Newegg or Overstock. The whole thing will fall apart if Merchants start seeing it as a waste of time.
Don't wait, buy some shit today! What are you - an idiot?
The only reason BTC has had so much success it because of "dark markets" Most people that are not into the tech of bitcoin purchase the currency to buy illegal drugs online. If you didn't buy your BTC before early 2013 you SIR are not a investor but a complete moron. I would say that the dark markets is what helped bitcoin grow and become more widely known/used, however bitcoin does have many uses outside of dark markets and is still more cost efficient then paying via credit card, especially from a cost standpoint |
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If Bitcoin is going to take off, you've got to use it. I just talked to a customer service guy at Newegg. He said 'hardly anyone' pays with bitcoin. He said he's only dealt with two orders done in Bitcoin.
If you've got bitcoin, go spend some buying cool shit at Newegg or Overstock. The whole thing will fall apart if Merchants start seeing it as a waste of time.
You are trolling. Bitcoin provides value because it is cost efficient, and instant. Don't wait, buy some shit today! What are you - an idiot?
This is actually true. When people hoard bitcoin they are actually harming the overall bitcoin economy because they are preventing more commerce from taking place. I am not saying that the price of bitcoin will decrease, but that not spending the bitcoin that you have does no good to the overall bitcoin economy |
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As long as two honest nodes exist, the network will function. However, this would also most likely indicate that there are only two miners securing the network and that could be a concern.
You will not stay BTC rich with only 2 nodes. Quoted from BTCfeed:"The main idea behind bitcoin and the reason that it took off is because of bitcoin’s decentralized nature and its peer-to-peer (P2P) network. In order to keep bitcoin running and validate transactions there need to be bitcoin nodes available on the network.
Bitcoin nodes are different from bitcoin miners or bitcoin clients. Bitcoin nodes provide security, one of which is security from double spending – when a user attempts to spend the same coin twice. The bitcoin network chooses random nodes and then has them verify the transaction and make sure the coins were not double spent.
Bitcoin not only needs nodes, it requires many functioning ones – nodes that have the bitcoin core client. Anybody can run a bitcoin node as long as you have access to a high quality server. You will need atleast 2GB of RAM and atleast 20GB of storage in order to be able to run the bitcoin client" There is one more reason - the possibility of the DoS: the fewer full nodes you have the higher chances the network would be killed if someone attempts to DoS it. I think the number of nodes would need to decrease substantially before this would become any kind of serious risk. When a "normal" site is DDoSed, their network infrastructure will be stressed, however when someone attempts to DDoS a decentralized network, the attacker will need to use much more resources to put a similar level of stress on the network |
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Are you asking or asserting?
I'm Asking. There is no authority that controls this. Therefore it would never be "official" that the "sign" for bitcoin will be changed. The only way this would ever be "official" is if the community/market participants start to use this as a whole If the bigger exchanges push the new sign. Wouldn't it change in time? Not necessarily, but maybe. I don't think the exchanges really have that much influence as to how bitcoin is measured nor how bitcoin is "displayed" I would say that merchants would have more influence and in turn coinbase/bitpay would have influence that may be able to "change" how people "look" at a unit of measure of bitcoin |
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sorry for this noobish question but what is a TPS? thx
Transactions Per Second. Spends. The block size is a function of the TPS and the size of each transaction which can very depending on complexity. At the current 1MB the ballpark average number of transactions per second is traditionally considered around 7 transactions per second. This is the thing which Gavin wants to change to be growing exponentially which means to me that the future-value of Bitcoin is fairly closely approximates my confidence in the endurance of 'Moore's law'. That is to say, not very high. thank you a lot, you are very kind and clear! I clearly don't think to have the necessary level to participate in this discussion. So thank you all, I will read you from the sideline, and wish you all well. My last stupid comment, as this topic seems more mature : There are in my limited knowledge only 6 options to scalability : 1. with the fees, it will be adjusted automatically (don't pay enough to be in the 7 tps, no tx for you) / BEST OPTION 2. bigger blocks 3. faster blocks 4. alts 5. data compression (it will fit in those 640ko btw) 6. dynamic blocks (everything change depending of the usage) 6. being a little bit complex and that with alts no need to fork! maybe the global payment system is just a pipe dream... but a global payment system (which is the case right now) why not... And a big thank you to the People of bitcointalk.org for letting speech be free here. (Astalavista baby, I will be back) 1 is probably not an option as the TX fees will get increasingly more expensive up to the point that people are priced out of sending anything but very large amounts. 2 is what is being proposed 3 would be considered to be an altcoi 4 horrible idea - they all eventually fail 5 and 6 would be interesting potential alternatives to what is being proposed now. |
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I would like to continue to participate.
Post count: 229
Address: 16pPJ9Tgot6dYnrxvqC76mz6esn1cbAmkC (the same)
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Hi Bitcoininformation:
I am enrolled in the bitdice campaign but have not received payment. Do you know when I should receive payment? It was due a while ago Payment is done bi-weekly, the campaign started exactly two weeks ago, so your payment isn't overdue. The excel sheet tells you when the payments will be sent, which is tomorrow (the 24th). I got my payment today. Thank you  Hi Bitcoininformation:
I am enrolled in the bitdice campaign but have not received payment. Do you know when I should receive payment? It was due a while ago
You may have the same situation that sed had (discussed in the thread) where he put the ad in his sig without realizing that the OP wanted free advertizing for a few days until he said the campaign was ready to start. I think some people advertized for free for up to a week. I think you might be right. But it is understandable considering how much he is paying (very competitive rates). It is also only one week for what is an ongoing campaign. |
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Hi Bitcoininformation:
I am enrolled in the bitdice campaign but have not received payment. Do you know when I should receive payment? It was due a while ago
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hmmmm,  ... evrybody is so concerned with the big guy. nothing about great service for the miner here. doing things on a large scale decreases costs. ie makes it better than doing it at home. not 10 times more expensive. The bottom line is this Gaw charges 10 cents a kwatt to host. If your power cost at home is under 10 cents do not use them. In fact if you are in the USA and with the colder weather coming make it 11 or 12 cents a kwatt. Gaw actually costs $.08 cents to host now but that is not the point. You are correct that you should not use them if you can buy electricity cheaper elsewhere however you fail to mention that the electric/maintenance cost of gaw miners will decrease over time as they socialize the older customers by adding more efficient hardware to what they sell and charge all customers the average price |
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Well, sorta good news. Looks like it's as bad as ever, but not getting worse as fast for us...  yeah if you look deep into the 3 periods of asics . we are dropping the diff increases. the last 104 days are under 10% avg Too little, too late.  yeah I think no matter what happens home mining will never thrive again. If btc shoots up to 800 usd the diff will just catch up very quickly. If btc shoots up to 1600 usd the diff will just catch up very quickly. rinse repeat. You could potentially use existing bitcoin to buy more miners hoping that the price of bitcoin will remain low for the medium future (but a long term outlook of the price being very high) with the intention of holding onto the bitcoin the machines mine for the long term. This could result in the miner being able to essentially buy bitcoin at a discount |
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but how do those that are not manufacturers make money? a farm like this: How about a panoramic?  That investment would never have been able to be able to pay back for the hardware and make a profit that is worth it. How do they do it?? buy hardware then mine for some time and sell them on ebay overpriced?? thats how i did it when i was mining. however this is inefficient as u always would need to change cooling power management to fit new hardware stuff like that which would cause long down time if needet to be done correctly with cable management They don't pay "retail" prices for mining equipment. They can get a significant discount on the hardware because it cost much less to produce miners then they are sold to retail customers. The mining manufacturers simply let the retail customers pay for the R&D via higher prices and preorders and let the corporate mining farms buy the miners at a discount as there are less logistical costs involved in selling to them (less salesmen, less shipping to various places, ect) |
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You acted like you never heard of all these issues and now you have a different story. I don't know who got the BFL ad money but whoever did should give it back. BFL is in receivership so they can be contacted about distributing the funds to those that got ripped off. Of course you guys probably won't pay it just like HSBC executives won't give back their bonuses. so let me get this straight: because I wasn't criticizing BFL you want me to "give the money back", even though I wasn't staff when I made that statement and I didn't receive a satoshi from BFL.  I said I don't know who got what but anyone who got some of the BFL ad money should give it back. Don't you agree? That is ridiculous. The forum does not moderate scams, end of discussion. If a company that is scamming is advertising on the forum then it is still up to users to do their due diligence about the company. Even though BFL was doing things that were less then ethical, their customers did eventually get what they paid for and some were able to ROI on their investment on BFL miners. If the forum was to verify beyond any doubt that any advertiser was not a scam then they would not be able to have any advertisements at all. A TV station or a newspaper will not verify the statements made in an advertisement that they receive money to publish, so why should the forum be any different? You are just making up stuff up. TV and newspapers all have standards and they reject ads on a regular basis. You are correct in that a company is not liable for running ads that turn out to be fraudulent unless they conspire with that company to rip people off. Nobody ever said anything about verifying adverters "less than ethical" or "verify beyond any doubt" or policing advertisers beyond what is reasonable. I am talking about conspiring with companies to run ads for the purposes of ripping people off and to promote fake investment schemes and fake banks. Irrespective of the legal liability I am also saying the funds should be returned because that is the correct thing to do under the circumstances. What is your argument for not returning the money? Some newcomers tried to get involved in Bitcoin and it is their fault they were tricked by the people who run this site? Is that how the self-proclaimed "Libertarians" here think? Is that the replacement for the current "corrupt" financial system? At the time the ads were placed BFL was delivering miners to their customers. Yes they had massive delays but there was not solid evidence they were mining for longer then they needed to with customer machines. Also the FTC only alleges that BFL was mining for two days with each customer machine which is much less then the total time of delays, so the majority of the delays in shipment was not due to fraud. The media does reject advertisements occasionally however there is a very high threshold to reject an ad, and BFL came nowhere near this threshold. Who are you suggesting the money be returned to? BFL? Have you been buying up customer orders at a discount hoping to be able to cash in on potential refunds from BFL? The only "evidence" that you presented is that someone was asking for the forum to stop running BFL ads, this proves nothing. At the time there was not enough evidence to suggest that BFL was truly a scam, although many people though it was. Your next thread only proved that theymos held money on behalf of GBLSE which also proves nothing. I forget what the third thread was about but also nothing |
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Sell my signature till the end of 2014. Full member.
0.03 BTC negotiable
please pm me or leave offers in the topic
thx
You only have 267 total posts. I would say that it is pretty clear that you will not be posting a lot between now and the end of the year (at least based on your previous posting history). You also did not say how much you will be posting so anyone purchasing will not know how much exposure they will be getting. |
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Ebay is a ripoff with fees but then I realized amazon charges almost the same. The only nice thing with ebay is a lot of people will pay a lot more than an item is worth depending on the item. I sold items that cost 200 retail for 240. After fees and shipping my netgain was still over 200.
Certain things sell for more on eBay, cell phones/electronics especially. I've found books, especially textbooks go for more and way faster on Amazon too. But I think Amazon's fees are actually higher than the 10% eBay takes. It might even out though after PayPal takes 2.9% Any centralized marketplace like amazon or ebay is going to take a huge cut out of your sales because people trust them and because they attract a huge amount of volume of buyers to their site. Part of the fee that you pay is essentially your budget for advertising. Another good example of a marketplace that charges huge fees: stubhub.com. They have you price your tickets a certain price, will take a 10% commission from that price and will charge a 15% markup to the buyer from your price for a total of 25% (I may have the commission and markup reversed but the point still stands) |
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sadly , sounds the same as if you sold 70 litecoin for the wrong price and someone snatched it up.
It's not quite like that, is it? If you sell LTC at a proper exchange that has decent market depth and proper order matching the worst thing that could happen is that you would sell it at the highest bid price, but not at a 90% or 99% discount as happened with some hashlet sales. But that is not the model Zen chose for its marketplace, i.e. there are no bids, just "for sale" listings. It's more comparable to e.g. eBay or craigslist than to a currency exchange. However on eBay or craigslist the seller has more time to decide to back out of the transaction - perhaps at the expense of bad feedback but still. Zen marketplace seems rushed and poorly designed for its intended use. The difference is that there are different sizes and types of hashlets and the markets is not deep enough so that this would be possible. Also the differences between the types of hashlets is small enough so that most people will not case what kind they get, only the price and the hashrate, however the types do make a big difference to gaw, so this is why they have the market setup the way they do. If gaw were to allow the OP to cancel his sale after the offer was filled then the buyer would have an issue with gaw because they would not be able to take advantage of a good deal they found and paid for An exchange-type model would be driven by supply and demand, if there is no demand AT ALL the seller wouldn't be able to sell, but the OP sold hashlets (albeit at a very very low price), so there is demand. Making buyer bids available wouldn't make it worse than it is now, and in cases where there is demand it would make it much better for both sides. Exchanges routinely deal with hundreds or thousands of different assets, a few types of hashlets shouldn't be a problem. However if GAW prefers to stick with the "marketplace" model and not "exchange" - see below. Price errors are not "good deals". Yes, it's the sellers fault. No, it's not wrong to allow the seller to cancel the sale in the current Zen marketplace model, which is more like eBay, Amazon, craigslist, or your local flea market, ALL of which allow that. Yes, the buyer would be unhappy. There are ways to deal with that too, if GAW wanted to make this a civilized marketplace. E.g. non-refundable listing or transaction fees. I think the point I'm trying to make is that it's not necessary to invent anything new - there are proven models that work, and GAW also has the advantage to learn from mistakes of others. Instead they're choosing to make their own mistakes and punt the responsibility on users. Not cool. There is really not enough demand so that it would make sense to have bids listed on their exchange/marketplace/whatever you want to call it. Having bids listed would result in sellers selling for much less then what their hashlets are worth and GAW would have a hard time selling directly to the customer in the first place. I believe that the OP did have the option of canceling his order however it was filled too quickly for him to be able to cancel. Buyers have the option of sorting by price per MH so someone likely had sorted by this way, saw his order and quickly purchased. I have also sold on gaw and it takes a lot to create a sell order, you have to click several times, so the OP was either not paying attention to what he was doing or is trying to scam GAW to give him a refund (while keeping the buy order on his other account) |
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I think there are no exchanges with zero fees. Site need hosting fees, domain cost and advertisement revenue will not give good income to site owners.
This. I will pretty much assume that any exchange claiming to charge 0 fees is some kind of a scam. They obviously need to pay their bills and they are not a charity. The only reason why I can think they would do this is to attract customer deposits so they can eventually run off with customer money. This is especially true for Chinese exchanges |
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hi
ive joined cryptsy but my acc locked and i cant login in first time logining
no answer from support or admin
wtf?
All citizens of the United States are required to abide by OFAC regulations. We are not allowed to do business with individuals in OFAC sanctioned countries of Iran, Syria, North Korea, Sudan, or Cuba. We monitor OFAC sanctions on a regular basis. When sanctions are released your account will be opened. Shouldn't you have check for this when he opened the account? I doubt that many countries/people have been added to the OFAC list in the recent past. |
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For Bitcoin or any other cryptographic purpose, you want to make absolutely sure that your random number generator is solid: http://en.wikipedia.org/wiki/Cryptographically_secure_pseudorandom_number_generatorFlaws in random number generation have made certain Bitcoin applications vulnerable in the last year or two. Obviously if you don't intend to use a generated key for anything serious, it doesn't much matter how good your RNG is. I think it would be less of a "I will use this keyset to store thousands of bitcoins" and more of a "I created a bitcoin keyset in Minecraft"  I should certainly hope so! But I felt it was good to put a warning out there for anyone who just doesn't quite get it... I understand the advice but I assume anyone with the technical knowhow and knowledge in cryptography enough to build a key generator in minecraft would know that it should be used to store large funds. This would not be a good idea. minecraft is not open source so you do not know exactly what you are running when you create and store a key minecraft. Basic security principles state that any software you use to create a private key and to store a private key should be open source so it can be reviewed by the community |
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When you need clothes, food, rent, a car. Your go to currency is not Bitcoin...
Just saying
Bitcoin needs its own form of escape velocity, into the 10k-100k price to make it useful for voting and for other smaller nations to use it in place of their national currency.
Overstock will actually solve a lot of these issues as they sell cloths (and I believe food). Cars have been sold with bitcoin (via bitpay) in the past. The only remaining issue is rent and I don't think it would be completely unreasonable to ask your landlord to accept bitcoin (they could use coinbase/bitpay) |
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I feel like Circle.com is the first step of making bitcoin much more publicly accessible and with ease. BEing able to buy BTC instantly with just my cc is a godsend. No more waiting for bank deposits to complete, etc.
If that is the point, then I am all in for circle.com Circle should do this it will surely help. Circle does allow this however you will need to pay your credit card company extra for the privilege for doing so (the fees associated with cash advances). IMO there is no real reason to need to buy bitcoin instantly as you should have some extra in the event you need to buy something for an emergency |
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