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Bump. Five hours left to bid!
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According to https://buybitcoins.com/This website has closed down permanently, because nearly all of the recent payments to this site were made with stolen credit cards.
IP addresses, geographic coordinates, and email addresses have been recorded for the users who made fraudulent payments, and this
information may be given to law enforcement upon request. |
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SSL support is enabled at compile time with the USE_SSL #define, and is not enabled in the Windows makefiles because I'm told there are... issues... compiling full OpenSSL libraries on Windows (core bitcoin uses the openssl libcrypto library, this change requires the full libssl library).
What are the issues? FWIW, one can download mingw32-openssl from fedora, thereby obtaining portable (across Win32) binaries without all the work. |
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Bump. One day left, current bid 400 BTC.
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MyBitcoin (and mtgox/BCM/other sites with bitcoin balances) make it possible to use bitcoins without downloading anything.
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I can only speak for myself.
All my funds are coming from me and it is all correct.
Some comments go into the typical direction of people being pessimistic within a rally of prices.
It is quite sensible to buy when prices rise. This is a consequence of having more buyers than sellers. If the majority of people did not believe in BTC, they'd sell now - but they don't.
Buying BTC is also the only way to get money out of mtgox. I wouldn't read too much into the rally if/until it's matched by other markets. |
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The 30 day block on withdrawing cash from mtgox means there might be a market for a service that charges extra fees to assume the risk of earlier withdrawals.
What would the fee need to be to cover the risk involved?
Would you pay extra to be able to withdraw in shorter time frames such as 2 -5-10-20 or 25 days?
What if you paid a security deposit to let you have this feature in all your future withdrawals? Once you reached a certain trusted user level you would get this paid back to you?
Seems like a Catch-22, to ask for extra payment because the payment itself may be bogus. |
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This is why [PP should be avoided], scammers just can't help them self when pp is involved !
+1 Many other exchanges outside the bitcoin world, such as ExchangeZone.com, have special procedures for PayPal -> e-currency transfers, due to high rates of PayPal-related fraud. Unfortunately, PayPal enjoys the largest audience. I'd assume far more legitimate bitcoin purchases have occurred through PayPal, than any other method. |
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Dwdollar runs bitcoinmarket so he would know. I don't think he said anything about a problem on Mtgox.
dwdollar said "Other exchanges are reporting similar behavior." mtgox noted he was refunding fraudulent PayPal transactions, on IRC. |
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Can someone explain the difficulty to me? Is it a linear or log unit? I know that there is a minimum difficulty of 1, but what does a difficulty of "1" even mean? Is there a maximum difficulty?
According to the code, difficulty = minimum_best_target / current_best_target bitcoin miners' proof of work is searching for a hash whose numeric value is below the current target. These links have some more info: http://www.bitcoin.org/wiki/doku.php?id=difficultyhttp://www.bitcoin.org/wiki/doku.php?id=target |
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Lets not make false conclusions here.
The MtGox exchange works absolutely perfect. My account is accessible, I can trade (actually did 10min ago).
The volume is very normal for rallies. Many people are buying (in anticipation of higher prices) and many are selling to take profits.
mtgox on IRC is seeing problems as well. Let's not spread false, uninformed conclusions about the absence of scammers. |
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This warning seems to be not substantiated at all.
People should not look at the small exchanges as they are just not liquid enough.
I checked my account on MtGox and it is all perfect.
As dwdollar noted, the problem is occurring on other exchanges as well. |
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bitcoinmarket is kind of dead.
I respectfully disagree, and I think most LRUSD traders would, too. |
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by the way, last price is 2.00 RUB, so now worries.
This is giant spread: bid 1.54 and ask 2.1. I think it's because the market was built on speculation without any real needs of the Russian community in such amounts. That just means it is a thinly traded, volatile market right now. |
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URL: http://online.wsj.com/article/SB10001424052748704689804575536391713801732.html?mod=WSJ_hp_mostpop_readThe Federal Reserve spent the past three decades getting inflation low and keeping it there. But as the U.S. economy struggles and flirts with the prospect of deflation, some central bank officials are publicly broaching a controversial idea: lifting inflation above the Fed's informal target.
The rationale is that getting inflation up even temporarily would push "real" interest rates—nominal rates minus inflation—down, encouraging consumers and businesses to save less and to spend or invest more.
Both inside and outside the Fed, though, such an approach is controversial. It could undermine the anti-inflation credibility the Fed won three decades ago by raising interest rates to double-digits to beat back late-1970s price surges. "It's a big mistake," said Allan Meltzer of Carnegie Mellon University, a central bank historian. "Higher inflation is not going to solve our problem. Any gain from that experience would be temporary," adding that the economy would suffer later.
[...]
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bitcoin, as a whole, took a great leap forward when MyBitcoin introduced its Shopping Cart Interface (SCI). This brings bitcoin in line with the other major e-currencies/e-commodities, each of which offers the same basic merchant interface: Pecunix: http://info.pecunix.com/pecunix_pri.htmLiberty Reserve: http://www.libertyreserve.com/en/help/merchants/sci/GlobalDigitalPay: https://www.globaldigitalpay.com/merchant_api.htmPerfect Money: http://perfectmoney.com/documents/perfectmoney-sci-2.0.docIf you can understand HTML forms and MD5/SHA signatures, you can implement a payment gateway for any of the above (including bitcoin). Obtaining an industry-standard merchant interface was a big milestone for bitcoin, and we have now reached and surpassed it! Kudos to the MyBitcoin guys. The main problem for general consumers, in my opinion, is the difficulty of obtaining and storing bitcoins. Most consumers will not be bitcoin miners, which means they will need easy, idiot-proof ways of obtaining bitcoins. bitcoinmarket and mtgox are far too complex for the "average consumer" IMO, who just wants to have money, and use money. You shouldn't need a login, nor need to understand the concept of bid/ask prices, in order to obtain bitcoins. Your average "Aunt Tillie" would be completely confused by mtgox. If we want bitcoin to succeed, you need to make it as easy as possible for interested parties to obtain bitcoins. https://buybitcoins.com/ is one place that approaches the needed simplicity (though it seems broken at the moment), by only requiring a credit card number. https://freebitcoins.appspot.com/ is another great place for people to get a few bitcoins in an easy way. And if you already have e-currency, my store is my attempt to ease the process of obtaining bitcoins. |
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I`m not sure why you want to wait for the 100,000th block but you can sell and buy bitcoins for USD on several sites now.
[...]
Or maybe I misunderstood you and you look for something totally different ?
It sounds like he's looking for bitcoin futures, a topic in which several have expressed interest. |
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I would not have made a mistake by assuming it was licensed under
the GPL if puddinpop had included in his license the MIT license as
was required. Of course if he had included the MIT license all of
the restrictions he placed in his license would have been moot.
puddinpop's original open sourced client was MIT. But he makes his changes GPL'd, which is disappointing, leading to confusing situations like this. |
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