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27081  Economy / Service Discussion / Re: "The Perfect Crime": What if Mark K is a (small-time) Criminal and a Huge Patsy? on: March 17, 2014, 04:51:52 AM
OP was kind of half right about why he fled france years ago (yes it was fraud related, but no one requested he go to japan.. he just ran)

also karpeles extorted funds out of a guy and their was a commercial lein on his assets july 2013. karpeles meant to have been designing a website gor a business, accepted stage one and stage 2 funding from the guy.. but never produced any final designs for the website, or coding that was beyond the quality of a 12yo.

if you dont now this.. dig deeper.
27082  Bitcoin / Bitcoin Discussion / Re: Fostering innovation in Sierra Leone on: March 17, 2014, 04:46:00 AM
Makes me think... what is really needed tech wise to act as a spendable bitcoin wallet?
If you have a hardware wallet that hardly ever needs to be recharged (solar powered?) and is highly portable + paper wallets.. no need for constant electricity.

mobile phone or raspberry PI both have a low power requirement. id say a cheap android phone as a rPI needs constant power to rn, where as an android can last days on just a few hours charge.. but then we start getting to the requirement of internet access/cell towers.

if the kid needed to make his own FM radio.. i guess his village wont have internet
27083  Bitcoin / Bitcoin Discussion / Re: if the number of transactions doesn't pick up by 8/16 miners will have to quit on: March 17, 2014, 04:41:55 AM
The block reward is scheduled to be halved on around august 2016.
when that happens unless the amount of transactions fees rises to compensate for the reward drop,
mining will become unprofitable and the hash rate will drop rapidly.
what can be done to prevent this  Huh

yawn.. we had these kind of arguments before the last halving.. and its not even 2016 yet so why worry about it 2 years beforehand..

this is like worrying about who is going to diaper change your baby, before you have even met a girl to impregnate. seriously enjoy the 'ride' and the many month of fun for now and youll se the future will sort it self out all by itself.

transaction fee's are now and in 2 years time small fry and shouldnt be the main 'wage earner' the idea of bitcoins is to be as cheap to transact as possible. so a transaction fee rise is out of the question.

but here are three options to settle your mind.
1) in 2016 the bitcoin price would naturally rise to an amount that will make the reward value per block, a value that miners can make a living out of.EG miners wont want to sell for less. so they will hoard and create more demand, raising the price.
2) some miners will realise instead of wasting $$$$ on electricity for EG: 0.25btc a day. they will start selling products and services at a retail price of 1BTC with a 25% markup. (giving them 0.25 profit) or selling 100  items for 0.01btc with 0.0025 profit (again totalling 0.25btc profit).. you get my point
3) those that cant afford to keep up with difficulty rises over the next 2 years. wil  die off, giving more of a share to those that stay. thus they get a bigger cut. thus they make more $$$$

there are many other options but, dont worry your lil head about it. its over 2 years away
27084  Bitcoin / Bitcoin Discussion / Re: Fostering innovation in Sierra Leone on: March 17, 2014, 04:09:57 AM
watch the video again, they get electricity 1 day a month and rely on batteries for FM radio..

laptops last maybe 8 hours... and phones last maybe 5 days... after that they have to wait till next month to trade bitcoin.. so useless in this scenario
27085  Alternate cryptocurrencies / Marketplace (Altcoins) / WTS my 17m KOINCOIN (formally branded COINYECOIN) for btc/ltc on: March 17, 2014, 03:54:13 AM
i got 17mill koincoins (formerly coinye) message me with your price and if reasonable, their yours.

the way i trade is that i send 10% first you send 10% of the agreed bitcoin. and we repeat the process 10 times until full exchange is complete.

that way its fair and reduces risks for both parties
27086  Alternate cryptocurrencies / Altcoin Discussion / Re: KOIN thread. NOT a NEW cryptocurrency, just an ALIAS. on: March 17, 2014, 03:50:34 AM
i got 17mill koincoins (formerly coinye) message me with your price and if reasonable, their yours.

the way i trade is that i send 10% first you send 10% of the agreed bitcoin. and we repeat the process 10 times until full exchange is complete.

that way its fair and reduces risks for both parties
27087  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][696] Coin - New Coin PreLaunch (6.9 Trill) on: March 17, 2014, 03:50:08 AM
i got 17mill koincoins (formerly coinye) message me with your price and if reasonable, their yours.

the way i trade is that i send 10% first you send 10% of the agreed bitcoin. and we repeat the process 10 times until full exchange is complete.

that way its fair and reduces risks for both parties
27088  Bitcoin / Bitcoin Discussion / Re: Bitcoin Distribution of Wealth Detailing the BTC Holdings of Wallet Addresses on: March 17, 2014, 03:24:01 AM
Gotta say, those numbers are VERY surprising.  I would have expected way more holding 1000+ BTC based on early adopters.  I guess I'm not as late in the game as I thought.  Cool

those that hold a combined value of 1000+ coins.. spread it out into addresses of 10-100 btc

i know on of my high value wallets contains a few addresses of even smaller amount balance splits than 10btc per address, yet if i combined my  address balances and then combine the wallets holding all those address balances, then it would show something different..

remember also when you spend 10btc of 100btc for instance. the other 90 then moves to a new 'change address' so you end p having more addresses in your wallet then you thought you had.

which basically means that the chart is meaningless. exchanges have hundreds if not thousands of deposit addresses, savvy savers have dozons of addresses. so there is no way of knowing true 'user numbers' based on that chart.

27089  Bitcoin / Bitcoin Discussion / Re: Charity Idea, feedback requested on: March 17, 2014, 01:04:21 AM
Our first project is actually (us, the creators of the charity) baking cookies for homeless Philadelphians, so there is no middleman. Depending on how the first project goes, we may or may not continue to do the work ourselves.

And actually, over 90% of Red Cross funding goes towards its services: http://www.charitynavigator.org/index.cfm?bay=search.summary&orgid=3277#.UyYtFq1dWZ4

Thanks for the feedback Smiley

1) cookies are not a good dietary food product for starving people.
2) research properly, red cross gives less then 90% (dont believe the PR story they pass to the press. read the accounts)

ok here is one example page 477 of http://www.icrc.org/eng/assets/files/annual-report/icrc-annual-report-2012.pdf
OPERATING INCOME
Contributions 1,013,359
Total Operating income 1,013,359

OPERATING EXPENDITURE
Staff-related costs -526,771
Mission costs -59,577
Rentals -104,248
Sub-contracted maintenance -36,840

Purchase of goods and materials -202,034
Financial assistance -16,089
General expenditure -76,269

Depreciation -26,633
Total Operating expenditure -1,048,461

ok so the green are more of what id call funds being used for those in need (although general expenditure is a gray area)
now the stuff i left in black, such as staff wages which accounts for over 50% of donations(blue)... now that is the point i am making.

so roughly 50% goes to pay wages.. 30% goes to goodwill causes and 20% is to cover the mortgages, leases and repairs of all the red cross shops/HQ's and other buildings..

again.. roughly 30% goes to goodwill causes.

so please do research on any non profit you advertise and try to show the "degree's of separation" between donators and frontline people in need, aswell as a accurate % of what reaches frontline people in need.
27090  Bitcoin / Bitcoin Discussion / Re: Who the hell is Max Keiser? on: March 16, 2014, 11:40:46 PM
Who the hell is Max Keiser? Never heard of him before visiting this forums.

FYI: I'm not gonna bother to google him because he's not important, but who is he to the Bitcoin community?

he is an exbanker of the 1990's - early 2000's he then went on to warn people that the dollar will begin to fail, he has alot of real economic knowledge.. you know the real world type ou gain from experience, not the classroom drivel they teach you.

he now has a presenter job on the news channel RT. he seems eccentric and goes off the rails abit, but if you can get passed those quirky outbursts he does make alot of sense.

and if you dont know him enough to know the stuff i just said,then your opinions about him are one sided opinions based on other peoples comments. and not through research or hearing it "from the horses mouth"

although i dont condemn his actions, i also dont condone some of his actions..

27091  Bitcoin / Bitcoin Discussion / Re: Charity Idea, feedback requested on: March 16, 2014, 10:40:56 PM
how about research some ACTUAL charities.

weed out the middlemen non profits
weed out the corporate non profits that pay wages

find some front line charitable services that are just one human pulse away from those in need. and make a website listing only those.

get them to put a bitcoin address on their website. then we can donate directly through them. or alternatively for those that do not know who to donate to, they can see your website that explains what each charity does and how many 'degrees of separation' there is between a donator and the people in need. thus helping them choose the most worth while cause.

a good example
seans outpost - the guy asking for donations is the guy making sandwichs for the homeless

a bad example
red cross - a corporation that has more employer wages and expensive building mortgages/leases then the funds they send forward to those in need.

if you dont know this about the red cross then please research deeper. no one wants donation funds to go to pay a rich mans 3rd mortgage, 99% or more should be going to those in need
27092  Other / Meta / Re: Does Mark Karpeles own this forum? on: March 16, 2014, 10:26:55 PM
no, theymos owns this forum
27093  Bitcoin / Bitcoin Discussion / Re: Is Buffet right or wrong? on: March 16, 2014, 07:28:41 PM
moneygram is like:
person A pays £100 to OfficeAofmoneygram.
OfficeAofmoneygram gives Person A a reference number.
person A tells Person B money has been sent.
Person A give Person B a reference number.

Person B hands Reference number to OfficeBofmoneygram
officeBofmoneygram checks with OfficeAofmoneygram that the reference number is valid
OfficeAofmoneygram pays out £100 to Person B

now bitcoin:
Person A sends Person B 0.25btc
Person B waits 10 minutes to confirm its valid

27094  Bitcoin / Bitcoin Discussion / Re: The real price of bitcoin, less than an iphone app on: March 16, 2014, 04:42:21 PM
whatsapp is used by multiple millions of users. and i mean MULTIPLE

bitcoin is still growing. and when bitcoin userbase gets to whatsapp/facebook userbase. then you will see a difference in the market cap.

i think the OP is just panicing because he thinks bitcoin is something that will only last 2 months, he doesn't see the big picture of the next 100 years
27095  Economy / Service Discussion / Re: Gov Most Certainly Seized Gox’s Coins on: March 16, 2014, 04:23:21 PM
Quote
These are the facts. Not speculation. The FBI together with the IRS Criminal Investigation Division, ICE Homeland Security Investigations and the Drug Enforcement Administration seized the cold wallets in or around May 2013. All who have lost coins must wait, until at least the 1st of April, the latest being the 16th of May, before considering any drastic action. After that, if the facts do not change, there is sufficient evidence to apply for an injunction ordering the US Government to release the seized property.

there is the failing.
the pastebin creator is obviously american and does not understand that karpeles is in japan.. where american authorities cannot seize peoples computer data!

please keep in mind gox is not in the same ball park as the bitinstant ceo who got arrested for having done a personal transaction with an 'alleged' drug dealer.
and as such:
having a trading platform in japan is not where drugs are sold. and trades are done person to person. trading platforms do not have knowledge of peoples purchasing habits(so no DEA involvement)
having a trading platform in japan is not taxable in the united states (so no IRS involvement)
having a trading platform in japan is not a USA national security concern (so no homeland security involvement)

secondly for an authority to seize data they must get the private keys from the offline source. so why would karpeles say it was hacked (a lie anyways) or lost to malleability (another lie) if authorities entered his premises to seize his computer data.

the real truth is karpeles has the coins and is pretending other people have them. he now intends to move ownership of mtgox.com to someone at a hefty price of 740,000+ coin at $650 each (over $480,000,000.)
no sane investor would pay half a billion for a domain name a couple servers and code that is slow. especially wrote in PHP.

but if someone does. then karpeles can take the 740k coins he is hiding, and the commission of selling his domain. and run off to where ever he likes.
just like he done in france a few years back.(the running off after a fraud allegation part i mean)

and if you did not know already, karpeles has a history of fraud, atleast 2 cases have been documented, which prominent people in the foundation know about.

so take your tin foil hats off, trying to blame governments or hackers. karpeles has the funds.

oh and lastly, that database leak. was karpeles again, dumping data and pretending to be a hacker. that way later in court he can blame hackers for the theft and use the leak as evidence that a hack happened.

its the same story as a cop, planting a gun on an unarmed man to shift the blame off himself.
27096  Bitcoin / Bitcoin Discussion / Re: Warren Buffet: "Stay away from Bitcoin" on: March 16, 2014, 03:05:30 PM
warren buffet thinks 'money makers' need good college/university degree's, a good job and promoted to a level to be able to trade on an exchange...

well this is what i think.

27097  Bitcoin / Bitcoin Discussion / Re: Calling On The Smartest Bitcoin Pros In The World on: March 16, 2014, 12:59:00 PM
How would you like to magnify your wealth, influence, and prestige?

Up for consideration is discussion about the formation of a Bitcoin club, where you WILL be respected and regarded for your btc acumen

Actual movers and shakers do not need a "prestige and respect club" to get their work done.

Quote
If you want to dabble in Bitcoin, start listening to the people in Bitcoin.

This isn't circumvented by organizing your own little clique.
+1
OP is a small fish trying to "manage" whales.. whales dont follow small fish like slaves, they eat the small fish
27098  Alternate cryptocurrencies / Altcoin Discussion / Re: What would a new coin need to overtake bitcoin on: March 16, 2014, 02:04:10 AM
Ok we all love bitcoin  Smiley , but there are hundreds of newcoins and not all of them are crapcoins. Bitcoin is the innovator and trailblazer but they are usually not the ones to succeed in the long term. What features that are improved over bitcoin will allow a new coin to ultimately dethrone the king.

1) faster transactions
2) Lower transaction cost
3) anonymity
4) premined pos which saves energy
5) Huh you get the idea
 

1) litecoin has been around for 2.5 years, and doesnt seem to dethrone bitcoin
2) the next bitcoin update will reduce fee's which will keep reducing if people demand it. so an altcoin wont compete here
3) bitcoin has anonymity until you want to exchange it for FIAT. same will happen with any altcoin that wants some actual purpose
4) premine helps no one but that first miner. easiest way to lose faith in an alt is to premine it.
5) if an alt wants to succeed. their needs to be a true purpose. not some story about why it was invented EG Takeicoin: because george takei endorses it. Mezacoin: not some story that one native indian pretends his whole community use it (when the dont)

actual retain usage.

so lets take an example.
imagine facebook made an altcoin and all facebook credits were the coins. or microsoft got rid of microsoft point and instead sold microsoft coins. or even the local credit union in your town that instead of holding fiat. they converted peoples deposits into an altcoin pegged at a 1:1 against the fiat.

if the only purpose is to mine coin to exchange. that coin will eventually drop to 1 satoshi price value and then be dropped off the exchange listings.

so to all of you altcoin creators. stop making sun,moon, star coins where your just thinking up random names simply to make a new coin you pre-mined and the only purpose is to swap it for btc.

use your brains and actually try making the coin have a proper real world purpose for once.
27099  Alternate cryptocurrencies / Altcoin Discussion / Re: first national cryptocurrency on: March 15, 2014, 09:23:36 PM
aurora is not a national currency

its just one altcoin creator that says it is. purely to pump and dump.

if it was a national currency he would concentrate on mining it and distributing it to his nation. and not to any person on the planet. he would also be getting the nation to accept it as payment for goods and services..... but he is not.

so its just an epic fail of a coin with nothing backing it (usefullness)

the same goes for mezacoin. the tribe that thy say is accepting meza coins have no idea about it and see no use of it.

they cant buy food, tools or propane with it and they like their traditions. so while out in the wilderness they dont rally have good internet access to trade while on horseback

How can you know this?

It all starts at the bottom of the food chain, and Island has a big bottom of the food chain.
If they start accepting it, it should work.

its not a national currency until its a national currency.

just because him and a couple of his friends use it, means nothing.

take me for instance. me and a group of local friends trade bitcoin, there are a couple shops accepting bitcoin.. so does my town or even my country now class bitcoin as a national currency... no..

so this guy doing not very much footwork to get it accepted by governments or merchants cannot possibly call it a national currency. unless he shows me 20,000 + merchants using it or atleast 50% of the population of his country holding it.. then its not a national currency

its currently just a pump and dump
27100  Alternate cryptocurrencies / Altcoin Discussion / Re: first national cryptocurrency on: March 15, 2014, 09:06:59 PM
aurora is not a national currency

its just one altcoin creator that says it is. purely to pump and dump.

if it was a national currency he would concentrate on mining it and distributing it to his nation. and not to any person on the planet. he would also be getting the nation to accept it as payment for goods and services..... but he is not.

so its just an epic fail of a coin with nothing backing it (usefullness)

the same goes for mezacoin. the tribe that thy say is accepting meza coins have no idea about it and see no use of it.

they cant buy food, tools or propane with it and they like their traditions. so while out in the wilderness they dont rally have good internet access to trade while on horseback
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