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261  Economy / Services / Re: Get paid weekly for your signature on: June 13, 2013, 10:35:08 PM
Would I be able to help out?

Edit: That website is super slick, well played!

Thanks matt. Your post count is almost there. Sure, you can help Smiley
262  Economy / Services / Re: Get paid weekly for your signature on: June 13, 2013, 01:06:37 PM
Existing signatures are fine, even if they are affiliated elsewhere. What I do not want are multiple paid signatures.
263  Economy / Services / [BTC.sx] Get paid for your signature on: June 13, 2013, 12:43:18 PM
*edit* 19th August 2013 - This weekly signature promotion is now CLOSED to new participants until further notice. We are now paying out ~ 1BTC each and every week to users who have entered so far, thanks and congrats to the lucky participants who joined early on!

*edit* 7th December 2013 - The signature promotion is now changing! See this post. The biggest of the changes is that instead of being weekly, I'm now paying out on a monthly basis.

Here are the new monthly salaries for helping us promote btc.sx:

Posts
100 - 250: US $7
251 - 500: US $9
501 - 750: US $13
750 - 1000: US $18
1001 - 2000: US $22
2000+: US $25

New Terms
  • Payouts will be made in BTC on the 1st of every month on that morning's open price.
  • 50 posts a month for full payout. 30 posts a month for 1/2 payout. 15 posts a month for 1/4 payout.
  • No troll posts.
  • Multiple paid signatures are not allowed.

This signature program is limited to 30 members (we are at that limit already). If you are still keen on joining, look out for misconduct or abuse (or a missing signature), report it to me and you can replace them.


Hi BitcoinTalk.

As a trial run, I'll be paying the following your signatures:

100 - 250: 0.015 BTC
251 - 500: 0.02 BTC
501 - 750: 0.03 BTC
750 - 1000: 0.04 BTC
1001+: 0.05 BTC

This is on a weekly basis.


Signatures (choose one below)

BTC.sx - Leveraged Bitcoin Trading. Simply use Bitcoin to take advantage of a rising or falling Bitcoin price.

Code:
[url=https://btc.sx]BTC.sx - Leveraged Bitcoin Trading.[/url] Simply use Bitcoin to take advantage of a rising or falling Bitcoin price.


BTC.sx - For an easy way to trade Bitcoin, using Bitcoin.

Code:
[url=https://btc.sx]BTC.sx[/url] - For an easy way to trade Bitcoin, using Bitcoin.


BTC.sx - Leveraged Bitcoin Trading. Profit from a falling Bitcoin price.

Code:
[url=https://btc.sx]BTC.sx - Leveraged Bitcoin Trading.[/url] Profit from a rising or falling Bitcoin price.


BTC.sx - Leveraged Bitcoin Trading.
Get paid weekly for your signature.

Code:
[url=https://btc.sx]BTC.sx[/url] - Leveraged Bitcoin Trading.
[url=https://bitcointalk.org/index.php?topic=233434.0]Get paid weekly for your signature.[/url]

Terms
Multiple paid signatures are not allowed.
Average 2 new posts a day. No trolling.
Payments will be made weekly on Mondays for complete weeks.
To register your interest, update your signature and reply with your address and current post count below.
264  Economy / Services / Re: Apple Ios 7 & future Ios 8 Beta Slots on: June 12, 2013, 01:43:32 PM
You don't need to buy an UDID thing to install IOS7.

You can do it for free:

http://www.youtube.com/watch?v=yPyQxSozAwM
265  Bitcoin / Meetups / Re: Sydney Bitcoin Community on: June 12, 2013, 12:17:52 PM
For those that weren't there, we had a great meet-up today. A big shout to Damien from Bitinnovate who bought everyone drinks (and food!).

I'm looking forward to the next one.
266  Bitcoin / Press / Re: 2013-05-29 Mozilla Foundation eyes Bitcoin donations on: June 10, 2013, 01:34:40 AM
Used to be a Firefox evangelist, and rally for them with the same enthusiasm as I have now for Bitcoin, haven't been one for a long time, since the browser and the web landscape has been fundamentally shifted, the war has already been won, and they were the guys that made it happen, Google only jumped on the bandwagon that Mozilla had built, in fact, Mozilla and Linux are the projects that gave me faith in the possibility of changing the world with the sort of open source projects that no big guy gives a damn about at the beginning.

This action would be important for me as I have long hoped to see them moving from Google as their main source of funding.

You have a very good point oakpacific. Whilst the benefits are great, I do find it a sad how Firefoxes marketshare has slowly declined over the last few years.
267  Economy / Speculation / Re: Big crash again, are we going under 100? on: June 09, 2013, 01:26:14 PM
Resistance at $100 was weak, what we saw was downward momentum. Trends are easy to take advantage of if you read them correctly. We've been heavily overweight for the last few weeks with the bubble bursting on news that MtGox could not keep up with all of the hype the press generated. Look out for a reversal within the coming weeks and a slow climb back up.
268  Economy / Speculation / Re: Long term down trend? on: June 09, 2013, 01:22:54 PM
Yep, we're definitely seeing a lot of traders go short. The current sentiment and the popular TA trading signals (moving average crossovers, MacD) are also showing a downward trend.

Protect your positions. I hope you're all protected against a drop, if not to speculate then at least to hedge.
269  Economy / Service Announcements / Re: [ANN] BTC.sx - Leveraged trading made easy on: June 09, 2013, 01:17:53 PM
Update:

Options to trade bitcoin, in the $1bn market are opening up fast. Here's an independent comparison of what's on offer: Bitcoin Derivatives, Liquidity and Counterparty Risk

Good job to all of our traders as over 70% of open positions are currently posting profits.

One of our traders opened the following position two days ago:

0.0002 btc/pt short @ $116.92
Deposit size 0.25 btc
Daily funding cost 0.018 btc

Currently sitting on an unrealized PnL of 0.55 btc

At over 200% profit... you're on par to have placed one of our most profitable positions to date. You know who you are.

Todays sentiment amongst our traders is heavily biased towards the short side.

Trade safe.
270  Bitcoin / Bitcoin Discussion / Re: FinCEN: Bitcoin Self-Regulation on: June 05, 2013, 02:18:50 PM
This comes by way of someone close to Bitcoin discussions in Washington, DC.  Apparently, FinCEN agents are looking for members of the Bitcoin community to form a self-regulatory organization with voluntary approval procedures to work with financial regulators.

If anyone at the Bitcoin Foundation sees this post, I would be willing to serve with such an organization.  

Please involve me. I currently work in investment banking within the field of regulatory reporting and would seek compliance for my own platform as required.

joe@btc.sx
271  Economy / Service Announcements / Re: [ANN] BTC.sx - Leveraged trading made easy on: June 05, 2013, 02:07:24 PM
"password is too long must use less than 30 char"

Why?

I use 32 by default. Why not make the max like 200 just incase?



Changed.


"password is too long must use less than 30 char"
Omg. Srsly, you need someone who knows what its doing (your coders don't). Btw, I found more issues but I don't have the time to go through them (already wasted enough time with bitstamp scam). Whoever is coding that is complete idiot and a noob and should not be touching financial apps with a 10 foot pole.

... karobrekla, your dislike towards btc.sx and the work I'm doing is well voiced now. I appreciate that you do not like my platform and am not asking you to use it or waste more of your time criticising it. If you would like to carry on, then feel free, but please keep it constructive for the benefit of the wider community. If it annoys you that much, then focus on driving the success of what I'm assuming is your own (competing) platform bit4x.com.

I will encourage potential users on this forum who have read your posts and criticisms of btc.sx to choose for themselves whether or not to trust in my platform or use yours.

Hundreds of users already have.
272  Economy / Service Announcements / Re: [ANN] BTC.sx - Leveraged trading made easy on: June 05, 2013, 11:15:57 AM
Thank you for all of the interest in private beta. Our demand has been unprecedented with over US$100,000 of orders placed weekly within our first few weeks of launch. We are now open to public signups.

Congrats to the traders who placed orders clocking up to 180% roi on individual positions. You know who you are. Quite a feat in the last few weeks with little trending and a lot of sideways movement.

For those on twitter, track our progress on @BTCsx
273  Economy / Economics / Re: Healthy economic growth on: June 04, 2013, 12:03:04 PM
Are you talking about liquidity or leverage?

Liquidity is certainly essential for easy transfer of money. It also opens up several new forms of businesses within the broader economy that couldn't have existed without liquidity (for example, something like a Bitcoin faucet could never exist without a very liquid currency). Also, if the currency is liquid, the premiums go down (on exchanges for instance) for buying and selling that currency either through other currencies or through goods/services produced.

Yeah I was referring to plain old liquidity.
274  Economy / Service Announcements / Re: {ANNOUNCEMENT} WBX Exchange Frozen on: June 03, 2013, 09:10:49 AM
Take 10% of the total amount I'm owed and keep it for yourself as a tip. It should equate to near ~$500. I appreciate your integrity.

I just realised I'm not 100% sure which account is yours.  I mostly don't have any information linking forum IDs to WBX accounts.

I picked the account where 10% of the owed amount was closest to $500.  Did I get the right one?

I think so, its been so long now I'm unsure myself of what was outstanding! I'm very happy with the outcome and have a tremendous amount of respect to you. I've left you a trust rating.

Oops!  I had a PM this morning from a guy who was short around $500 on his payout.  Looks like I took the tip from the wrong guy.  Smiley

I've paid him out in full now, and you too Seal.  Guess I had the wrong account number for you after all.

Sent to 1Doog7as
275  Economy / Speculation / Re: What happens when the bitcoin-bigplayers sell theire coins? on: June 02, 2013, 01:35:14 PM
I've read that it's not healthy in any economy for someone to hold more than 1% of the market cap. It made sense to me... With more than 1% the ability to control the market is too great.
276  Economy / Economics / Healthy economic growth on: June 02, 2013, 01:12:28 PM
"One of the key drivers to healthy growth in an economy is liquidity."

How much truth does this statement carry? I see it quoted in this forum with references to economic texts. It makes me think about the function of traders in the greater economy. They will be driving a majority of the liquidity in the markets, taking that into account, would it be considered healthy growth?

When thinking into more depth, an online shop, say for example bitcoinstore (which I'm a big fan of) might trade $1mill in two months. This would involve a lot of people within the economy spending their coins in exchange for products. The benefits are easily seen and the growth in the economy easily visible.

On the other hand, a single trader with $5k in a margin account could rack up $1mill of traded volume within two weeks.

The original statement seems to suggest that the trader would benefit the economy more than the online shop.

From an economics perspective, what is healthy growth?
277  Economy / Economics / Re: Is bitcoin a risky investment? on: June 02, 2013, 12:58:41 PM
Almost every article published to date that covers the topic of bitcoin as an investment takes it as a given that bitcoin is a risky investment.  "Only invest what you can afford to lose" is a common sentiment even on the bitcoin forum.

Although I agree that bitcoin should/can be considered a risky investment depending on the context, I submit that a small bitcoin investment is actually a conservative/risk lowering investment for most US investors.  This conclusion is reached when you consider the full context and diversification of the average investment portfolio in the US.  It looks a little something like this: stocks, bonds, real estate, cash and cash equivalents, and precious metals, typically in that order based on the relative weight of the investment.  Note that all of these assets are directly linked to US dollars other than precious metals and real estate.  If we make the assumption that diversification lowers risk, it also makes sense that the average US investment portfolio should not be overly weighted towards US dollar denominated assets.  Sure the US dollar is the world's reserve currency and therefore has a "low-risk" tag currently associated with it, but that doesn't mean it makes sense to have almost all investment assets directly tied to the US dollar.  Proper diversification includes diversificatoin into other asset classes, including non-flationary currencies such as bitcoin.  Considering the potential that non-government backed crypto-currencies have to disrupt the monetary system, even if one believes that the probability is small of a wide scale disruption, it still makes sense to have some assets (i.e. bitcoin) that would benefit from such a disruption.  

I'll admit that bitcoin fits the classic definition of a riskly investment.  However, I would argue that for an investor that currently has a high allocation of stocks and bonds, an investment in bitcoin would actually lower risk for the complete portfolio rather than raise it as it is commonly assumed.

Therefore, I no longer think it is appropriate to broadly classify bitcoin as a "risky investment" to US investors.  It is certainly not a non-risky investment, but all such labels should be taken in the context of a given investors full investment portfolio.  

I think what you have to identify here is what you mention towards the end of your post. 'Risk appetite' is a metric that every investor should be comfortable with measuring. This is subjective to each individual so debating on how 'risky' they deem bitcoin to be as an investment is generally a moot point.

When advising others, I also tell them "Only invest what you can afford to lose". I am heavily invested in bitcoin. Why? Because I know that my risk appetite is massive.

Yes, its ok to know that bitcoin is risky, and to invest heavily as long as you know the risks.
278  Economy / Economics / Re: Interest rates in a deflationary currency on: June 02, 2013, 12:52:06 PM
You have to get out of the frame of thought of banks producing money by using means such as interest bearing accounts. The bitcoin economy truly does reward those who save. At a 0% interest rate, your money will naturally appreciate over time whilst prices depreciate. It is the prices constantly depreciating that your 'savings' are delivered. This is what's nicknamed as a deflationary economy.

I believe the real world tries to model its economies to grow at 2% fixed rate, as psychologically it cons the population into thinking that each payrise they get every year is progression.
279  Bitcoin / Bitcoin Discussion / Re: Is "money laundering" really that big of a deal? on: June 02, 2013, 12:47:36 PM
So essentially, these are monetary crimes. And since the law enforcement cannot solve the crime or catch the "bad guys" they have to lock down the whole monetary system just in case "bad" money makes it through.

So because some people may use money for bad things and they are too incompetent to catch them, the government must know every transaction that anyone ever makes with money?

I couldn't agree more. When editorials and the press condemns bitcoin for drugs, they do not acknowledge that the drug trade would still exist regardless of the means of payment.... The drug business existed before bitcoin, and if bitcoin failed (i hope it doesn't), the drug trade would still exist.
280  Economy / Service Announcements / Re: {ANNOUNCEMENT} WBX Exchange Frozen on: June 02, 2013, 03:26:04 AM
... and a message to others. If you haven't already done so, I'd encourage you to tip dooglus. In a community that actively promotes anonymity through our new digital currency bitcoin, dooglus chose to do what he believed was right and I have a huge amount of respect for that.
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