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261  Bitcoin / Hardware / Re: My Batch 2 Avalon was rejected by german customs and returned back to China on: July 11, 2013, 08:07:49 PM
give us a different address, we have sent units to Germany many times without problems, but of course there is always a chance where custom do not believe this is just a engineering sample.

I see your ticket, just reply with new address and we'll try again.
These are not engineering samples, but self-contained, electronic products. It's a commercial product you are selling. Don't act stupid. This is no way to do business.
262  Economy / Scam Accusations / Re: BFL (BF Labs Inc; Butterfly Labs) officially refusing to refund their customers. on: July 11, 2013, 04:19:29 PM
Just to drive one of Phinn's points deeper into everybody's head:

"Sales are final" does not apply unless there was an actual sale taking place. If you have not received your unit, there was no sale - only a (pre)order.
263  Other / Politics & Society / Re: For first time ever, feds asked to sit out Defcon hacker conference on: July 11, 2013, 04:01:15 PM
Pathetic, politically correct pretense.
264  Economy / Speculation / Re: price vs. cummulative trade volume? on: July 10, 2013, 05:12:20 PM
What about an update?
What are the chances? Just last week I have updated my notes, but didn't bother posting here at the time.

Here it goes, in log scale, based on daily weighted values:



By the way, I heard through the grapevine that certain fractal analyses are successfully applied to price-vs-cummulative-volume data like what's shown here. Presumably, self-similar triangles are more apparent this way than in time series. If there are any experts out here, please go ahead.
265  Economy / Speculation / Re: I am fucking panicking on: July 10, 2013, 04:17:41 PM
I am seriously considering getting out of this game. Give some strength bros!

EDIT: I sold some of my Bitcoins but I will still hold fairly good amount of BTC for the longest time.

Wait what?!

266  Economy / Speculation / Re: Posters that you think are lame: Are they bulls or bears? on: July 10, 2013, 04:09:10 PM
There appears to be a slight intellectual advantage to the bears. Among the bulls, there is the "just because" crowd who just screams without any justification or explanation. The bears at least try to rationalize and support their pre-decided position.
267  Other / Politics & Society / Metanoia documentaries on: July 10, 2013, 03:50:05 PM
For the past few years I've been enjoying the steady supply of well-researched, informative, free documentaries from Scott Noble: http://metanoia-films.org/

The topics revolve around State violence, propaganda, surveilance, crowd control, public relations, and freedom.  I think his approach and interests resonate well with the current Bitcoin crowd. Strangely, he is not accepting bitcoin donations yet, and has not responded to an inquiry about a year ago.

Have you seen any of these?

Which one is your favorite? Mine is the "human resources."

Any criticisms of the information, directing, etc.?
268  Other / Beginners & Help / Re: Using one-time-use bitcoin address after it has expired? on: July 09, 2013, 08:10:15 PM
What Peter Lambert said. I'll just add that some larger businesses appear to recycle addresses after a while (resources are not really infinite).
269  Bitcoin / Bitcoin Discussion / Re: Block chain size/storage and slow downloads for new users on: July 09, 2013, 08:06:04 PM
This thread only makes me think: Bitcoin is too much. The possibilities it opens, technologies it enables - it's all just too much for businesses and governments and people to grasp easily.
Having said that, it is precisely these kinds of threads that help us digest bits and pieces.

Thanks Mike, retep, and everyone else!
270  Other / Beginners & Help / Re: How many bitcoin wallet address are there? on: July 08, 2013, 07:32:14 PM
is there limit one person can have how many BTC addresses?

online ewallet safe to use? or most better bitcoin use on local pc?
The only limit is how fast you can generate them from private keys.  See "vanitygen" for example.

It's off-topic, but online wallets are as safe as the owner is trustworthy and competent. People here will usually yell "trust nobody!" by default, but it's not as simple. In some areas I trust my own skills less than those of certain individuals behind certain companies. You need to decide for yourself. Just keep in mind that some online wallets fully own and control (and risk) the private keys to your coins, whereas some services store private keys on your local machine, and only take care of the blockchain management for you.

If you decide to run a local "full" client, plan on leaving that PC on all the time, plan on waiting up to several days for the initial sync, and plan on having lots of disk space.
271  Other / Beginners & Help / Re: How many bitcoin wallet address are there? on: July 08, 2013, 03:59:15 AM
For the addresses that start with a 1 there are theoretically 2^160 possible addresses.

That's a really big number.

When two people get the same address it is called a collision.
When it happens it almost certainly means the private key was generated from a weak brain wallet and not high entropy random data.

What happens when there is a collision? What is the potential outcome of this scenario?

Strange things happen when a collision takes place. Stranger than being struck by a lightning once a year, for ten years in a row. See above. Do the math. Try some comparisons. Please.
272  Other / Politics & Society / Re: Mainstream Media is a Hoax on: July 06, 2013, 03:10:31 PM
This thread has been hijacked and wrecked.

It was supposed to be about the media, now it's about the inertia, acceleration, vacuum, and gravity.
273  Economy / Securities / Re: VTX on Havelock rallying! on: July 05, 2013, 03:33:45 PM
I see much more upside potential for such a well run company with shares on the cheap.

I am holding my coins so that I can keep my investment in VTX ... VTX should have some very big news about their new merchent API that should send the shares flying so double yay for me.

On the plus side, now has never been a better time to scoop up more cavirtex shares on http://havelockinvestments.com.

It seems to be a very well run exchange which is exactly why I purchased company shares over @ havelockinvestments.com. They have plans to create a shorting engine and pay dividends on the interest so that should be very interesting.

Precious, thank you.
274  Other / Politics & Society / Re: Mainstream Media is a Hoax on: July 05, 2013, 12:52:32 AM
As an American, I vividly remember watching the footage of nighttime attacks on Israel during the Gulf War.  Saddam had Scud missiles filled with chemical weapons, and he was intent on gassing the poor Jews.  The only thing standing in his way was the brave American military and their Patriot missiles.

Or, at least, that's what we were told:
CNN faking the Gulf War, using bluescreens at Sandy Hook

They also told us that Saddam's army, when they entered Kuwait, "took the babies out of the incubators and threw them on the floor."  Turns out that was bullshit as well:
"Kuwaiti girl" turns out to be daughter of Kuwait Ambassador, coached by PR firm to lie to Congress

Propaganda in the US media is apparently an open secret.  Bill Clinton, in his autobiography, recounts a conversation with an old-timer around the time of the moon landings:
Quote
Just a month before, Apollo 11 astronauts Buzz Aldrin and Neil Armstrong had left their colleague, Michael Collins, aboard spaceship Columbia and walked on the Moon...The old carpenter asked me if I really believed it happened. I said sure, I saw it on television. He disagreed; he said that he didn't believe it for a minute, that 'them television fellers' could make things look real that weren't. Back then, I thought he was a crank. During my eight years in Washington, I saw some things on TV that made me wonder if he wasn't ahead of his time.

Why did you include "mainstream" in your statement? Are you implying that other forms of media are less prone to bullshit? I'd say no, they are not less prone to bullshit. It's just other biases - more personal and more chaotic - that drive the bullshit in the alternative sources of information. In other words, big media is driven by the big - and more orchestrated - interest groups.
From mainstream media, you could "prove" particular stories as true. From the alternative media, you could prove any story true.
The trick is to observe and keep track of whom to trust, and to what extent. No media can beat my direct observations, but even those are prone to my own biases and wishful thinking.
275  Other / Off-topic / Re: Kid jailed for 4 month now, for a facebook comment with a 500k $ bail on: July 04, 2013, 06:03:44 PM
http://www.huffingtonpost.com/2013/07/03/teen-jailed-facebook-comment-justin-carter-suicide-watch_n_3542770.html

Is this for realzies? Long time ago I had my yahoo account deleted for posting a black humor question in yahoo answers (deleted along with my emails and etc), but this is too much. Freedom of speech much?

In the meantime lets sing "Who dropped the soap? Who dropped the soap?"  Grin
http://www.youtube.com/watch?v=VP_d6-qHYTM

In reality, anyone with "I support our troops" sticker is much more guilty of threatening the innocent with violence and murder.
276  Local / Other languages/locations / Re: Bitcoins.co.ke - Kenya/Africa Bitcoin portal on: July 02, 2013, 11:26:20 PM
Hi Kenyan bitcoiners.

We're launching a wallet with mpesa to bitcoin integration. We performed the first M-Pesa to Bitcoin sale 2 weeks ago.

Our site is http://kipochi.com and yes we have a version in Kiswahili http://kipochi.com/sw/

I'd be interested in hearing feedback and perhaps organizing a meetup here in Nairobi.

Asante sana

Pelle
Can anyone from Kenya confirm a successful M-Pesa transaction through this Website?
277  Economy / Speculation / Re: Fundamental analysis thread on: June 30, 2013, 06:30:37 PM
Government of Germany declares capital gains from bitcoins tax-free if bitcoins were held for more than a year.
Quote
According to German news site Die Welt, financial expert Frank Schaeffler stated: “It is good that investment in bitcoins is finally [a] legal certainty. Private profits from the sale of bitcoins are tax-free after one year”.
http://www.coindesk.com/german-government-relieves-capital-gains-tax-on-bitcoin-positions/

Wishful thinking on the gov't's part, that anyone would declare such sales in under a year . . .

Making false statements that involve Bitcoin is rather tricky due to the public ledger. It won't be long before your Revenue Agency learns this, and from that point on your strategy will depend on luck, unless you exchange for cash or spend coins directly.  Even then you need to count on your trading partner not reporting the transaction.

There is one sticking point, though: bitcoins are fungible. Thus, you could always claim to have sold at least some of the "old" coins, as long as you've been trading for over a year.


this has been discussed at length in the german forums. It seems we have to do fifo accounting (first in first out). You always sell the oldest coins. You can't choose which coins you sell when you make a sell on some exchange. You always sell the coins you bought earliest (and calculate your gain from the price difference), even if the coins are in a paper wallet. This is a huge probelm for daytraders who have trading volume per year greater than their overall holdings. In other words: it seems you can't put some of the bitcoins into a safe and trade with the rest on an exchange, then later (after 1 year in the safe) sell those bitcoins from the safe with no tax.



Thank you for mentioning this.
278  Other / Off-topic / Re: is real individual sovereignty possable right now? on: June 30, 2013, 03:47:11 PM
Quote
is real individual sovereignty possable right now?

Define "individual" first. Say, a mushroom is an indiviual organism? Or is it the whole fairy circle? Or it includes the soil, too, as it wouldn't exist without it?

Also, when you think of yourself as an "individual," do you include all the extremities? How about that air in the lungs - surely you wouldn't be yourself without it? And where the air comes from?

I hope you see where this is going. There is no such thing as "individual," only your illusion of such.
279  Other / Beginners & Help / Re: Questions about bitcoin qt on: June 30, 2013, 03:30:44 PM
If you use an android device, consider Bitcoin Spinner (or the latest, beta version called "Mycelium").
Again, private keys are only kept on your device. Just make sure you back them up.
Bitcoin-qt client is fine if your computer stays on most of the time.
280  Economy / Speculation / Re: Fundamental analysis thread on: June 30, 2013, 03:23:38 PM
Government of Germany declares capital gains from bitcoins tax-free if bitcoins were held for more than a year.
Quote
According to German news site Die Welt, financial expert Frank Schaeffler stated: “It is good that investment in bitcoins is finally [a] legal certainty. Private profits from the sale of bitcoins are tax-free after one year”.
http://www.coindesk.com/german-government-relieves-capital-gains-tax-on-bitcoin-positions/

Wishful thinking on the gov't's part, that anyone would declare such sales in under a year . . .

Making false statements that involve Bitcoin is rather tricky due to the public ledger. It won't be long before your Revenue Agency learns this, and from that point on your strategy will depend on luck, unless you exchange for cash or spend coins directly.  Even then you need to count on your trading partner not reporting the transaction.

There is one sticking point, though: bitcoins are fungible. Thus, you could always claim to have sold at least some of the "old" coins, as long as you've been trading for over a year.
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