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2601  Other / Off-topic / Re: Do girls use Bitcoin ? on: July 24, 2013, 07:45:43 AM
Sure. There're a significant number of females utilizing BTC for their cam services.

Women are pretty smart, though. They generally don't go online and hang the "I AM A WOMAN" sign around their neck unless they're involved in those kinds of services. ETA: 5 pages have passed. I take back the compliment.
2602  Economy / Speculation / Re: PIRATE BUSTED: Bullish or Bearish? on: July 24, 2013, 05:45:04 AM
Pointless and without teeth. Mostly indifferent.

Short-term bullish, long-term bearish, but not much - I guess. Potentials will be lost by being turned off to BTC as a ponzi scheme, but having it mentioned is always good while BTC isn't mainstream. SEC "involvement," though, I don't think many will take seriously, as there isn't any serious effort being displayed by the SEC.

"We found a guy who people reported stole money, and we believe them. We think he's bad. We charged this guy who may or may not still be in the US, but we think he was a Texan. Please don't start or invest in ponzis. We're still an effective LEO bureaucracy, because even if no results come of this, we've made a statement condemning bad actions."

Lemme know when they have him in captivity, because right now, this comes off to me as an indication of powerlessness by the SEC.
2603  Other / Beginners & Help / Re: Best Software to Use to Mine Coins on: July 24, 2013, 05:38:38 AM
What is the best software to use to mine coins?? Are there any others besides the ones that are always mentioned online?
CGMiner's great for ASICs, FPGAs, and GPUs in BTC and LTC.
BitMinter is great for the GPU and FPGAs (unsure if they handle ASICs) in BTC mining if you're more interested in clicking an automagic button to start without spending hours tweaking settings.

Most of the rest have become a footnote in the migration from GPU to ASIC.
2604  Bitcoin / Bitcoin Discussion / Re: Anyone know what happened to knightmb and his 371,000 BTC? on: July 24, 2013, 05:28:56 AM
http://mbdonationfund.com/

Update July 1, 2013

I appeared before the Magistrate Juliet Griffin to have the indictment read. I entered my "Not Guilty" plea to the court. The prosecutor, Byron Jones wanted to setup a bond to detain me until trial court date (which had not yet be established). The Magistrate only agreed to have a $10,000 Appearance Bond that did not need to be paid (unless I don't show up for future court). The lead prosecutor wanted to suspend my passport, for which none exist. The Magistrate decided to create a special condition for the Appearance Bond that I do not apply for a new passport, for which I agreed. The Magistrate did not create any more special conditions and no reason was created to detain me any longer given the circumstance, so I was free to go after court adjourned.


Your door on "federal aid":

2605  Economy / Economics / Re: What's wrong with valuing BTC in fiat? on: July 24, 2013, 05:11:58 AM
How do communities adapt to their currency of choice frequently fluctuating up and down in value?

For communities that have a functioning economy, where it is partly the economy that defines the community -- like, say, a group of people in the same nation state trading with one another -- I think it's quite unusual to see that in terms of buying power within the community. I.e., the currency might go up or down versus other currencies, but in terms of local buying power, I would have guessed it's more often trending up or trending down rather than bouncing back and forth. Where it does start suffering too wildly, I think historically the 'solution' has tended to be either replace it or peg it.

Would an edict pass declaring nobody shall change their prices, because it may act as a catalyst in the price fluctuation - or try to let it work itself out? We talk about price fluctuations pushing merchants away - but with services like BitPay, while it does strengthen the bond with the hard-to-deal-with fiat banking systems & regulations, does solve the fluctuation problem for merchants. Wouldn't the price be most likely to stabilize with a constant in/out flow which services like BitPay provide by broadening the number of merchants willing to accept BTC?

IMHO, top-down price controls rarely work out, but as for more trade -- more merchants accepting it, more consumers buying with it, etc. -- that seems like a winner to me. Also, I know I'm frequently banging the derivatives drum, but for businesses to handle any significant volume of BTC is going to require more effective hedging mechanisms than just converting BTC to fiat as quickly as possible. What business wants to bear additional risk without some kind of potential benefit to counterbalance that risk?

Is gold considered a way to move USD around since pawn shops frequently have real-time access to USD prices when buying and selling?

I'm guessing that most assets which are both relatively liquid and standardized -- as gold is, at least in coin form -- could be viewed as a decent way of moving USD around. Gold in bar form introduces higher assay costs, reduces liquidity, etc., but even then it could serve the purpose. On the face of it, it's not necessarily a great way of doing it, since storage and delivery costs are significant, but I suppose it depends on the goals of the person wanting to do it.
Thanks.  Smiley
2606  Economy / Economics / Re: What's wrong with valuing BTC in fiat? on: July 23, 2013, 11:59:50 AM
How do communities adapt to their currency of choice frequently fluctuating up and down in value?

Would an edict pass declaring nobody shall change their prices, because it may act as a catalyst in the price fluctuation - or try to let it work itself out? We talk about price fluctuations pushing merchants away - but with services like BitPay, while it does strengthen the bond with the hard-to-deal-with fiat banking systems & regulations, does solve the fluctuation problem for merchants. Wouldn't the price be most likely to stabilize with a constant in/out flow which services like BitPay provide by broadening the number of merchants willing to accept BTC?

Is gold considered a way to move USD around since pawn shops frequently have real-time access to USD prices when buying and selling?
2607  Economy / Economics / What's wrong with valuing BTC in fiat? on: July 23, 2013, 09:53:49 AM
(this was a hijack in another thread, so figured it should be moved somewhere separate -- deleted my reply in original thread)

I don't think I'm on the same page as those suggesting BTC shouldn't be valued in fiat. I don't understand how it's possible -- maybe my brain doesn't function the same way to be able to process the idea. I can't wrap my mind around the idea that buyers and sellers shouldn't be looking to something familiar (and high-volume) in valuing BTC in transactions. If someone could help me understand, I'd appreciate it.

Quote
Posting the exchange rate furthers the screwed up perception that Bitcoin is just a proxy for the USD. It also encourages more emotional involvement with the price roller coaster.  Over focusing on USD/BTC prices may encourage regulators to argue that Bitcoin isn't its own valuable asset but is instead some kind of shell game to move around USD (which is a crappy argument, but it's made stronger the more people fixate on the exchange rate).

It's not reasonable for all things, but what I'd like to see is more goods and services being priced actually in Bitcoin without reference to USD, because without that we won't have price stability. Promoting the market prices would be a step in the wrong direction.

Now, if someone wanted some kind of optional ticker thing, sounds fine to me, but you can do that via a browser addon...
So - now I'm interested, because I hear it often, but often don't have great people to ask for clarification from.

USD has pretty much every imaginable good on the face of the Earth priced with it, usually hundreds of times by different merchants.

How does someone establish a price on something in Bitcoin without comparing it to USD? I mean -- it's not just a proxy for USD, obviously, and just about every other fiat currency has a BTC price established. But - if you can buy Printer XYZ123 for $40, how can you ever be a competitive merchant who completely ignores that USD price, especially considering you're probably purchasing either the printer or the materials for the printer in a fiat currency? I understand the benefits behind decoupling BTC from USD, I just don't understand what incentive anyone has to do it, outside of ideology and a long-term commitment to BTC.

EVERY major fiat currency is priced against all the others. Whenever someone talks about the value of currency, they either price it against commodities or currencies - but nobody would think "Oh, I can exchange EUR to USD, so EUR must be reliant on the ability to buy USD with it." I suppose the argument is that Bitcoin doesn't gain and maintain value based on the ability to convert it to and from USD.... but I just don't see how it'll ever be possible to really separate BTC<->fiat exchange when thinking "what's a Bitcoin worth?" You have to compare it to something, and the most market data exists for USD, EUR, and CNY.
2608  Economy / Digital goods / Re: WTB> Cube World - Someone with cc/paypal on: July 23, 2013, 08:58:30 AM
help what? more infomation please.
He wants to buy Cube World with BTC. What's to get? They don't distribute through Steam or GoG (it's in alpha), the buy button's hidden both graphically on the site and behind a registration-wall, so will probably be difficult to find someone to do it.
https://picroma.com/cubeworld
https://picroma.com/buycubeworld
2609  Bitcoin / Mining speculation / Re: Big Bux and Scare Tactics: The Inside Joke about BFL on: July 23, 2013, 06:38:40 AM
Avalon just filled 500K worth of chip orders. ASICMiner is flooding the market with USB miners.

Chips are next to useless to a Joe Sixpack who wants to plug and play.
Well, I guess 500k orders being filled is indeed pretty irrelevant if that huge "Joe Sixpack" market share of ASIC mining can't use them.  Roll Eyes
2610  Bitcoin / Mining speculation / Re: Historical Difficulty Increase last 90 days. 248% on: July 23, 2013, 06:19:16 AM
It has a long way to go before adjusted for all the pre-orders.

Also, prompt sucks.
2611  Other / Beginners & Help / Re: FREE BTC WANT TO BUY TRUST RATINGS on: July 23, 2013, 06:15:32 AM
hey op,

tell me the acc you want trust on. I will take care of your main accordingly... Cheesy

I like how I got negative trust on this sarcasm. lol
lol... by a mod, too.
2612  Economy / Securities / Re: [bitfunder] BERLIN.AVA & BERLIN.BFL (100MHs/share) on: July 23, 2013, 05:31:22 AM
so is this open already?

from what i can tell, btc0.1 per share for 100Mhash is really...  Shocked
Looks like it's .5/share, but kind of hard to tell.
2613  Economy / Gambling / Re: Is it possible to "work" as a gambler and live off the profits? on: July 23, 2013, 05:19:26 AM
(non-sober disclaimer)

1)  "I make x amount per day doing x -EV gamble"  - no, you are not a pro and you will most certainly lose

2) "poker is unbeatable" - wrong, it is extremely beatable.  Just play the main event each year - massive edge, huge variance.  Just play drunk ppl at 1-2NL all over Vegas - extremely beatable, relatively boring & repetitive, beatable by a medium-skilled player for $10-$20/hr in 2013 playing at major casinos on "drunk nights" aka Thurs-Sun each week.

3)  Beating sports - it is done by very few - and I mean very fucking few.  Google Billy Walters.  Google Haralobos Voulgarious Proly gotta spellcheck those.   These 2 kill it.  A handful of others beat it.  Millions claim to know their shit and lose each week. 

4) "beating poker knowing something no one else knows"  see:  Ben Lamb, Chance Kornuth, Jared Bleznick in PLO.  See Shaun Deeb in Open Face. 
Micon's making some great points, and anyone who's played poker with a focus on earning consistent profits rather than as a hobby can tell you that to win poker, you grind. It's a nonstop grind. You don't make many "ballsy moves." You fold, you fold, you fold, you fold, you bet and win a little, you fold. Playing poker as a means of consistent income is work. I've played a few games "to win," but it's not much fun. I'd much rather have beer, smokes, and good friends, with poker there to keep our hands and brains occupied while we play. I'd imagine people probably roll their eyes and fall asleep playing Micon outside of major tournaments. When most people think of poker, I think they're thinking of that kind of "personality poker" where people are constantly bluffing and making relatively big wagers like... drunks!

If you enjoy company, alcohol, and relaxation while playing an engaging game, poker's got you. If you want to make a living out of it, you better fucking love repetition, studying the game, and have excellent self-discipline. You may actually be better off grinding video game items, currencies, and character levels (as a matter of fact, I made some tidy sums in high school!). MMORPGs, incidentally, have a lot of the same things going on as in poker, and a lot of the same costs/rewards depending on how seriously you take earning revenue from it. Earning the most valued stuff in MMORPGs is boring as ass. For example, in traditional MMORPGs, this is raiding -- for something like EVE, it's something horrible like corp. mining events, where you're expected to have a regular schedule including carting minerals back and forth between certain times the entire group agrees on - and if you're late, they may well kick you out (this occurs with "raiding" on traditional MMORPGs, too). OTOH, having fun, such as through PvP, where there's a dynamic challenge, is usually a low-to-no reward venture. It's a really fucking bizarre dynamic for games, but it helps stimulate the game-currency<->fiat/BTC exchange. It basically creates jobs. In cases where PvP can be high-reward, you end up with people taking it very seriously - like a job, and it ends up a grind like anywhere else. Even something like SC2 tournaments - you look at players, and they'll have the exact same face on as professional poker players in a tournament. Maybe a weak smile if they win, but otherwise without emotion, because they're being 100% logical, which is almost necessarily not fun. Cheesy
2614  Economy / Speculation / Re: big fish buying. ill follow. on: July 23, 2013, 04:51:40 AM
Man I remember the good old days when Gox would do almost 100,000 BTC in a 24 hour period.

Right.  What happened to 100,000?  Sigh.  It seems rather boring now. Wink
Gox no longer handles the vast majority of BTC exchange volume. Well - they still do more than all other exchanges combined, but not nearly what they used to do (don't hold me to the chart being accurate within a ~10% range, but it's a fair indicator). http://bitcoincharts.com/charts/volumepie/

I think a strong trend toward private selling (due to a large-enough number of factors that I don't feel like listing them) is also contributing to a lower overall volume on exchanges.

Volume - and this is probably the biggest factor - has also pretty low at this particular moment because the price has been exceptionally stable, so there isn't much volume from traders.... but we all know that could change within a few minutes at any time. The $2xx-~$60 crash took about 7 days and saw nearly 2M BTC trade on Gox alone. Since mid-May, though, it's been unusual for Gox volume to exceed 100k/day. It doesn't help that Gox hasn't processed a USD wire withdrawal since just a bit after that time...

It'll be interesting to see if BTC prices plummet on Gox once (if) they start pushing USD out again. Right now, BTC on Gox commands a 10-15% premium over other exchanges, I assume because it's much easier to move BTC on Gox than USD. Gox could make tens or hundreds of millions just by selling BTC bought on other exchanges with the USD they can't (or won't!) send out to customers....  Cheesy
2615  Economy / Speculation / Re: big fish buying. ill follow. on: July 23, 2013, 03:16:53 AM
2616  Other / Off-topic / Re: E-Mails from an Asshole on: July 23, 2013, 01:14:28 AM
these are pretty good. i feel sorry for the other party however.

Only feel sorry if the stories weren't contrived.
Oh, man... I wish some of those were real. If I got an email like this one, I'd consider letting him run over our house. http://dontevenreply.com/view.php?post=94
2617  Other / Off-topic / Re: Can anyone translate this for me? on: July 22, 2013, 11:32:20 PM
Well, the first character looks like a bad rendition of 流 ( Liú), or flow/stream.
The second character is 柔 (Róu), or mild/soft/gentle.

The characters does not make much sense together, but I'm wagering a guess that it's part of the name of a Japanese martial art.
Soft-stream martial arts? Yikes...!
2618  Other / Beginners & Help / Re: "Newbies" is the most dangerous subforum on this entire site! on: July 22, 2013, 10:44:06 AM
Heh, there has to be some level of security in this sub-forum. That'll be like throwing sheep into a lion's den. Besides, not al "newbies" to the forums are "newbies" to detecting blatant scams. I'm sure the mods clear mostly what needs to be cleared.
They generally only remove proven scams. Of course, it's very difficult to prove something a scam before people are scammed, report it, have the report checked by a mod, often have it sent back for needing more evidence, resubmitted, and eventually sent to admin for approval.

Theymos requires a mountain of evidence (his words) to label someone a scammer, and that doesn't prevent them from coming right back on a different account. Both auction shilling and using sock accounts for other nefarious purposes are considered non-bannable offenses (though depending on how the sock is used, a "SCAMMER" tag might be applied, which would be great if it weren't a sock...).

Were the thread not justified, there wouldn't be 5 new scam reports/accusations a day just on the forum (reporting a scam publicly is generally useless since they're dealing with socks, so who knows how many happen but aren't reported), almost all being because they either 1)didn't use 2FA 2)stored money on a website without holding the site owners/ops to the same standards as any other stranger because the website look professionally-designed 3)visited a malicious website on the same PC as a live Bitcoin client 4)didn't use escrow 5)thought online reputation was an equal substitute for verifiable ID


ETA: I think I might be confusing the requirements for scammer tag with req's to release personal information. I'm not sure whether or not they're exactly the same.
"You have compiled mountains of evidence that the person is guilty, and the person has been given several weeks to respond to the allegations (because you've posted a topic about it and you've PMed the person), and you have a global moderator or other very trusted person second your request. (Have the trusted person contact me to make the request)"
2619  Other / Beginners & Help / Re: FREE BTC WANT TO BUY TRUST RATINGS on: July 22, 2013, 06:26:32 AM
"this account had been hacked....i lost 1.5 btc send to this addres 176rSQx4ij439YuekdaTi2biaT5SPugnN5, from ghana fucking hacker.
 I will close this account"

Good job, guys. You did exactly what the "ghana fucking hacker" wanted.  Tongue

Man, everyone with negative rep's getting hacked these days... almost seems... ridiculous.

Oh - fwiw, though - probably shouldn't assume poster would advertise paying for rep with the account he wants rep on. Probably a sock.
2620  Economy / Computer hardware / Re: 10gh/s AMD GPU 6x6990 50BTC on: July 22, 2013, 03:50:50 AM
God... all I thought about was how to design a case to work around that length. It really wouldn't be hard... It's crazy how long graphics cards have become in the past decade, though - but you know, you can't knock cost-efficiency for aesthetics. I guess you can, if you're Apple - but it's a limited market.

I'll always favor giant CPU heatsink towers over those puny little "space-efficient" models which just can't do the job as well. I don't even use cases anymore - I think they're an indicator of technological illiteracy.

I don't live in a Japanese apartment. My domicile has over 500 sq. ft. -- bring on the unwieldy cards and cooling designs! Can Samsung design a super-fast 40-platter hard drive which is ridiculously tall but able to compete with SSDs? I'm all for it if the price is right. I'll just build around it!
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