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2721  Economy / Services / Re: [LOGO CONTEST] 0.30BTC (in Escrow with DannyHamilton) to the Winner - OPEN on: December 14, 2013, 07:10:44 AM
Just a note to some of you more recent entries - the OP specifically stated a few pages back that he doesn't want a logo with stacked elements, i.e. he prefers imagery and text to both be on a single line.

Ah, thank you for that. I made a few changes to my entry!


You should also make a logo with a transparent background. That way it works on the site as well. Other than that, it looks beautiful!
2722  Economy / Services / Re: Earn up to 0.4BTC/month just by posting! on: December 14, 2013, 03:57:19 AM
Hey stunna

Current posts: 03

That is not true.  You already had 86 posts BEFORE posting this.  Don't lie, don't ask for loans either Smiley

I though Zolace was a reputable member? It might have been a different variation of a username...
2723  Economy / Gambling / Re: PrimeDice.com | 230M+ Bets | 260,000+ BTC Wagered | Free BTC | 1% Edge | Instant on: December 14, 2013, 03:55:48 AM
Due to excessive botting of the faucet, we're most likely going to have to lower it a bit.
How does the botting work? You can't withdraw the faucet.

Once they hit the minimum withdrawal they will cashout. They will quickly & conveniently bet till they hit it, or reclaim.
What about the 1 minute limit? 50x (minimum cashout) takes on average 50 minutes this way. And its only 50 cents.

They use many accounts to get around this.

How do they get around the captcha? Why not implement a paid ad captcha so you dont lose as much money? I really dont want it to go farther down than it already is.
2724  Other / Beginners & Help / Re: Will Dollar worth 0.0001 BTC one day on: December 14, 2013, 03:53:20 AM
If it was 1 mil per coin, people will be buying 0.0001 or something like that, and early investors will be selling 2 btc (combined, at any given moment). The price will surely go down.

This doesn't make any sense.

Lets say im an early invest with 100 btc. BTC reaches one million. I sell all of my btc. The price will crash because of the fact that people wont be able to buy at 1 mil.

1) You could say that at any $/BTC value.
2) Why would you sell it all at once and cause the price to crash?

You wouldn't just put in the equivalent of a market order to sell everything at any price the moment someone else makes a trade at 1 BTC=$1 million. You'd put in the equivalent of a limit order. "Sell as much as possible, up to 100 BTC, at $1 million/BTC or above." If people aren't able to buy at $1 million/BTC (*), then the price would stay below $1 million/BTC, but it wouldn't crash.

Again, what you're saying makes no sense. Let's say you're an early investor in gold and have 10 tonnes of gold. The price of gold goes up to $10 million/tonne. You sell all of your gold. The price will crash because of the fact that people won't be able to buy a 10 mil?

(*) There are 7 billion people in the world. If 100,000 of them each bought 1 mBTC for $1,000, then that 100 BTC gets sold at $1 million/BTC. The only question is how much people are going to value BTC in the future. And we can only really speculate on that.

One person wouldnt sell 100 btc, but a lot of early investors could start selling totaling 100 btc at that time.

Pretty much anything's possible.

If the large investors get spooked and want out no matter what, the price will tend to go down dramatically. If they're not spooked, and just would like to get out at a certain price point, the price will tend to hover slightly below that price point.

At a million dollars, they wouldnt be spooked, but excited!

So excited that instead of selling they'll be buying more?

Yes, they have 100 btc bought at 100 dollars. Why woundnt they?

Why would the price they paid for their 100 btc matter?

Well if they bought a btc for 999,999, they wouldnt sell at 1 mil. But if they bought at 100 they would probably sell.
2725  Bitcoin / Project Development / Re: [ANN] PHPCoinAddress - create public/private key pairs for Bitcoin, etc on: December 14, 2013, 02:45:22 AM
Looks like this has already been reported:

https://github.com/zamgo/PHPCoinAddress/pull/1

So if I download it now, it would be much safer?

No the use of mt_rand continues which is why I too encountered it. Wait for the developer to respond.

Oh. I thought on the ticket it said that it removed all instances of mt_rand.

That's a pull request by another forum member. He's requesting zamgo to incorporate this change in his script. And BTW that pull request does not address the use of mt_rand that I've reported above. You can see that here:

https://github.com/zamgo/PHPCoinAddress/blob/master/PHPCoinAddress.php#L240

Oh ok. Thank you.
2726  Other / Beginners & Help / Re: Will Dollar worth 0.0001 BTC one day on: December 14, 2013, 02:37:59 AM
If it was 1 mil per coin, people will be buying 0.0001 or something like that, and early investors will be selling 2 btc (combined, at any given moment). The price will surely go down.

This doesn't make any sense.

Lets say im an early invest with 100 btc. BTC reaches one million. I sell all of my btc. The price will crash because of the fact that people wont be able to buy at 1 mil.

1) You could say that at any $/BTC value.
2) Why would you sell it all at once and cause the price to crash?

You wouldn't just put in the equivalent of a market order to sell everything at any price the moment someone else makes a trade at 1 BTC=$1 million. You'd put in the equivalent of a limit order. "Sell as much as possible, up to 100 BTC, at $1 million/BTC or above." If people aren't able to buy at $1 million/BTC (*), then the price would stay below $1 million/BTC, but it wouldn't crash.

Again, what you're saying makes no sense. Let's say you're an early investor in gold and have 10 tonnes of gold. The price of gold goes up to $10 million/tonne. You sell all of your gold. The price will crash because of the fact that people won't be able to buy a 10 mil?

(*) There are 7 billion people in the world. If 100,000 of them each bought 1 mBTC for $1,000, then that 100 BTC gets sold at $1 million/BTC. The only question is how much people are going to value BTC in the future. And we can only really speculate on that.

One person wouldnt sell 100 btc, but a lot of early investors could start selling totaling 100 btc at that time.

Pretty much anything's possible.

If the large investors get spooked and want out no matter what, the price will tend to go down dramatically. If they're not spooked, and just would like to get out at a certain price point, the price will tend to hover slightly below that price point.

At a million dollars, they wouldnt be spooked, but excited!

So excited that instead of selling they'll be buying more?

Yes, they have 100 btc bought at 100 dollars. Why woundnt they?

Because they would have to pay a lot of taxes from the income  Tongue

They would still have atleast 50 mil.
2727  Bitcoin / Project Development / Re: [ANN] PHPCoinAddress - create public/private key pairs for Bitcoin, etc on: December 14, 2013, 02:34:37 AM
Looks like this has already been reported:

https://github.com/zamgo/PHPCoinAddress/pull/1

So if I download it now, it would be much safer?

No the use of mt_rand continues which is why I too encountered it. Wait for the developer to respond.

Oh. I thought on the ticket it said that it removed all instances of mt_rand.
2728  Bitcoin / Project Development / Re: [ANN] PHPCoinAddress - create public/private key pairs for Bitcoin, etc on: December 14, 2013, 02:28:55 AM
Looks like this has already been reported:

https://github.com/zamgo/PHPCoinAddress/pull/1

So if I download it now, it would be much safer?
2729  Other / Beginners & Help / Re: Will Dollar worth 0.0001 BTC one day on: December 14, 2013, 02:10:32 AM
If it was 1 mil per coin, people will be buying 0.0001 or something like that, and early investors will be selling 2 btc (combined, at any given moment). The price will surely go down.

This doesn't make any sense.

Lets say im an early invest with 100 btc. BTC reaches one million. I sell all of my btc. The price will crash because of the fact that people wont be able to buy at 1 mil.

1) You could say that at any $/BTC value.
2) Why would you sell it all at once and cause the price to crash?

You wouldn't just put in the equivalent of a market order to sell everything at any price the moment someone else makes a trade at 1 BTC=$1 million. You'd put in the equivalent of a limit order. "Sell as much as possible, up to 100 BTC, at $1 million/BTC or above." If people aren't able to buy at $1 million/BTC (*), then the price would stay below $1 million/BTC, but it wouldn't crash.

Again, what you're saying makes no sense. Let's say you're an early investor in gold and have 10 tonnes of gold. The price of gold goes up to $10 million/tonne. You sell all of your gold. The price will crash because of the fact that people won't be able to buy a 10 mil?

(*) There are 7 billion people in the world. If 100,000 of them each bought 1 mBTC for $1,000, then that 100 BTC gets sold at $1 million/BTC. The only question is how much people are going to value BTC in the future. And we can only really speculate on that.

One person wouldnt sell 100 btc, but a lot of early investors could start selling totaling 100 btc at that time.

Pretty much anything's possible.

If the large investors get spooked and want out no matter what, the price will tend to go down dramatically. If they're not spooked, and just would like to get out at a certain price point, the price will tend to hover slightly below that price point.

At a million dollars, they wouldnt be spooked, but excited!

So excited that instead of selling they'll be buying more?

Yes, they have 100 btc bought at 100 dollars. Why woundnt they?
2730  Bitcoin / Project Development / Re: [ANN] PHPCoinAddress - create public/private key pairs for Bitcoin, etc on: December 14, 2013, 02:10:00 AM
The private keys generated by this script are not safe. You can see on line 240 of phpcoinaddress.php that mt_rand is used to generate the private key. That function is not safe for cryptographic use:

Code:
for ($i = 0; $i < 32; $i++) { $privBin .= chr(mt_rand(0, $i ? 0xff : 0xfe)); }

Quote
Caution

This function does not generate cryptographically secure values, and should not be used for cryptographic purposes. If you need a cryptographically secure value, consider using openssl_random_pseudo_bytes() instead.
http://php.net/mt_Rand

This is the same problem that was found in bitfreak's shopping cart script:

http://www.mail-archive.com/bitcoin-development@lists.sourceforge.net/msg03064.html


What would be the best way to fix it?
2731  Economy / Games and rounds / Re: Free Lottery & Giveaway 0.003 Bitcoins on: December 14, 2013, 01:51:11 AM
I hope to win!

1FTNs7UX63EPMTxJqzL146QEztMHqq8yRP
I'm sorry, you need to share story or tips about btc first

Ok....

My tips:

Don't waste your time with free btc-sites. There you can earn maybe 2 cent per hour. It is better to find some work and earn the minimum wage. Invest the money of your work in btc and become rich, in a few years if btc goes to 1 milion $.

It wont. The price will stay at around 1k - 10k. Nobody is going to be buying btc if its 1 mil, only selling, thus the price will go down.
Haha, how do you know that for sure?? I am not sure it will go to at least 1 milion. But I expect it...
Long way to go that 1 million

If bitcoin were a million, people would be selling wayyyyy faster than buying, which would mean the price would go down until it reach equilibrium.
Your hypothesis is accepted. Haha

Great Cheesy Cant wait till the "choosing"
2732  Economy / Services / Re: [LOGO CONTEST] 0.30BTC (in Escrow with DannyHamilton) to the Winner - OPEN on: December 14, 2013, 01:45:49 AM
Here's another I tried. I'd appreciate any feedback, thank you!


This is great! I recommend you set a transparent bg, and make it a banner as well!
2733  Alternate cryptocurrencies / Altcoin Discussion / Re: Need help getting started with a mac on: December 14, 2013, 01:40:53 AM
Bump. Any input would be great!
2734  Other / Beginners & Help / Re: Antminer S1 ...help FAO sushi on: December 14, 2013, 01:34:45 AM
Are you mining BitCoins or LiteCoins ?

BitCoins
Are you getting some ?
I know is hard to mine them, have you consider mining Litecoins ?

Yes hashing away at 180 GH/s .....getting about 0.1BTC a day

Yes have thought about Litecoin looking at getting 3x 7950s

You could mine 5-6 Litecoins per day? (just guessing Cheesy) If is that so it more profitable then mining BTC ?

Will only be profitable when & if litecoin goes up

Really? How much ltc would you get? And nice! You make 0.1 per day!

With 3 x 7950s at a rough guess you would get "approx" 20 Litecoin over 30 days depending on the card currently worth about $630

In 3 months you should get ROI. Not a bad thing to do in your spare time.

Litecoin worth 31$ now. For 30 days and 30 Litecoins per month that's 900 $. You cover 630 $ for cards. There is only electricity thing to cover.

Oh, I thought you mean $630 per card. Then why dont you do it? You get enough to pay for 3 GPU's and electricity + some extra left over.
2735  Economy / Services / Re: Earn upto 0.6 BTC per month for your signature! on: December 14, 2013, 01:33:28 AM
Could you please atleast send some btc to an escrow so that I might actually consider this?

I might consider joining after a month if you do actually pay out.
There is no way that he is going to pay that much. He refuses to use escrow and has incredibly high rates? It makes absolutely no sense. OP, prove me wrong.

Ya. All he did was give a snapshot of coinbase. That doesnt really mean anything.

Can't you just wait few days and ask people who subscribed before?

Well IMO that doesn't prove anything either - TF decided to run away and screw up his ad signature payments along with it - after paying successfully without a problem for many months.  I'm thinking that we can't give this user as much trust as we could with TF before he scammed; it's a new user that is offering the highest of payouts while copying Stunna's signature ad campaign almost exactly.

The good thing is that if he does payout for the first month, Stunna would probably increase his price to overbid him.
He's not trusted. I don't think Stunna has to overbid him to get more people to work for him. People will always prefer guaranteed money.

We will see. I know that Stunna likes to hold the title of "The highest paying sig program". Some people will switch over though.
2736  Economy / Gambling / Re: PrimeDice.com | 230M+ Bets | 260,000+ BTC Wagered | Free BTC | 1% Edge | Instant on: December 14, 2013, 01:32:02 AM
To answer all recent questions..

1 ) NO update on faucet balance raise.
2 ) Min Cashout is 0.00050001 BTC
3 ) There should be no reason to try to cash out repetitively in 1-2 minute time. It will be available in a few minutes to cash out again.

Thanks for the update. Stunna did say that they would be increasing it, but I dont think that will happen.
2737  Economy / Gambling / Re: PrimeDice.com | 230M+ Bets | 260,000+ BTC Wagered | Free BTC | 1% Edge | Instant on: December 14, 2013, 01:31:34 AM
What's the cashout minimum?
There is none, but the fee is 0.0001. So, it must be over 0.0001.

Ha, I'm just doing martingale with the free satoshis.  I guess I'll probably lose it all before even reaching 0.001.
Once I got to .04 with the faucet, but I wouldn't count on it. (And then I lost it all)

Care to share how you did it?
2738  Other / Beginners & Help / Re: Everyone doing cryptocoins should be using Linux as OS on: December 14, 2013, 01:28:54 AM
Linux is much better than windows 8, that's for sure. Unfortunately I didn't know how to install all the drivers onto linux for my rig so I had to go with windows. I hate it with a passion. The home screen looks like it belongs on an xbox/tablet.

Anyone care to advise a point and click method of installing the AMD drivers on linux?

On my computer I have windows 7, 8, and ubuntu. I use ubuntu mainly (haven't switched to windows in 3 months). Ubuntu should recognize most drivers and install them for you.
2739  Other / Beginners & Help / Re: Everyone doing cryptocoins should be using Linux as OS on: December 14, 2013, 01:27:37 AM
I think I agree with the OP here.  But talking OSs on the internet is a little like talking politics at a family reunion. 

That can go down to hell really fast. Grin
2740  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple: The Best Way To Legitimize Bitcoin on: December 14, 2013, 01:24:44 AM
Whats funny is that Ripple inst (fully) open source. They are like twitter, claiming to be open source because a tiny part of their script is online.

Your right, Ripple is affraid their brand is not recognized enough to allow publish full open source, and they are right

Sure are. I was just going to suggest that since Ripple is open source, we should create a Ripple with BTC (or NMC) as the native currency (instead of XRP), and thus resolve the issue that the initial creators controlled 100% of the XRP.

Still, if the underlying idea isn't patented, isn't this something we could do?

That would be an online wallet. As I said before, Ripple isnt fully open source.

I'm not sure what you mean by the online wallet thing. If I understand Ripple correctly, it'd be more like a decentralized network of online wallets/exchanges which all federated with one another to allow very quick transaction confirmations.

As far as Ripple not being fully open source, yeah, I even quoted you saying that!

I am talking about Ripple.com not XPM

Okay.

What's XPM? Primecoin?

I dont know. I meant Ripple protocol.
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