ช้างน้อย(Chaang Noi) is a euphemism for penis in Thai. Literal translation would be 'little elephant'.

+1 for Russian

Don't leave us hanging

Sure, because of my post...

If that's what you need to tell yourself it's alright with me

It's kind of amazing how well designed bitcoin is though. The mining part of it being self-regulating is impressive imo.

Satoshi is a god damn genius.

Spero davvero di poter risolvere questo problema, infine, per voi.

In bocca al lupo!

Sounds interesting. Thanks for the review. I think things like this are very good for bitcoin.

Chalk another one up for the ponies I guess... :

He clearly said "with Dank Bank" and your cherry picking a post he had made where he was referring to his personal loans that he was involved with before Dank Bank.

Não, eu não tive nenhum problema ainda. Graças a Deus!

Mas muitas vezes eu li sobre os problemas aqui!

Also, something I just thought of: If you are located in the US, you should probably check in to the issue of calling your operation a bank. I'd be a little weary of the repercussions of that considering everything that's been going on recently in the bitcoin community with the SEC.

Have you ever considered that you might be wasting your time with all this PPCoin implementation stuff?

I actually think you have a pretty good idea going and have been doing a good job in general with your website. You seem to have found a nice niche between bare bones SatoshiDice style send-and-done style gambling and standard online casino style gambling.

You have implemented many new games at a good pace, but I think your site could still improve a lot. It could use some polish, and if I remember correctly there seemed to be a decent amount of typos and such.

I really think there is tons of potential for your site. The bitcoin gaming market is really young and surprisingly weak considering bitcoin completely solves the payment processing issue.

Anyway, good luck with your site and keep up the good work.

Dank, can you give a ballpark figure regarding your parents financial security? Nothing too specific necessary, but are they like middle class American's who own a home and have income, or are they wealthy? If push comes to shove and Dank Bank had some short term liquidity issues, would they be able to back you?

Really? I did not know this. I'm actually very surprised at this because I would expect that this would be impossible anyway with Dank's plan of becoming a famous musician. How would it be possible or even feasible to do this anonymously?

Dank, can you address any of mlawrence's concerns?

But if Dank has no intention of ripping people off and not paying back his depositors, is it really a ponzi?

I mean, yes, when you look at it in a vacuum, someone offering weekly interest at the rates that Dank is, it would appear to be a ponzi. But other than the mathematical signals, it does not appear to be operating like a ponzi in any standard sense.

What sort of investments is Dank Bank currently involved with?

Also, are there any alternative plans beside making large amounts of money with music? It's just that in 2012 it's extremely hard for an artist to make the same amount of money selling digital music as it was back when selling a million CD's was common place. Not saying it's impossible, but it's going to take some new trailblazing marketing techniques I would think if you're not connected with the established music industry insiders. Maybe something to do with bitcoin? Maybe get people buying music again using bitcoins, that would be cool.

Cold storage? Only keep what you need in a hot wallet I guess.

I agree though, it's a huge barrier to mainstream acceptance. 3rd party wallet providers are a good option, but when that goes wrong the problem is just multiplied by the amount of people who lose their money.

It's not an easy problem to solve, but this same problem exists in some form for all assets(security). Maybe in the future we can come up with solutions, but the problem is always going to be almost impossible if one wishes to maintain both anonymity and decentralization.

Sì, stavo leggendo il tuo post altro.

Questo è il servizio clienti molto scarsa.

I own 0 litecoins. I've just been reading up on the alt chains recently and recently the price of litecoins has risen a lot, and I'm curious to see how this all plays out with everything coming to a head here with asics, the bitcoin reward halving, and all these GPU miners getting pushed out of bitcoin mining.

I wouldn't recommend buying litecoins anyway at this point. Maybe back a few months ago or something if I actually knew what these alt chains were all about(scamish/crap for the most part) I might have considered buying a small amount for speculative purposes. But really litecoin only ever becomes big if something really bad happens to bitcoin or SHA-2.

When I posted this I actually was asking for evidence of correlation between price and difficulty, in the quantitative sense. I have not followed the mining arms race specifically, and I thought that there was at least potential for the difficulty to have risen over time independent of current market price. Theoretically, as a speculative move, someone could both purchase bitcoins, and mine them at break even or loss in the short term because they believed the future price would justify the mining at a loss, and that directly purchasing bitcoins might drive the price too high in a thin market, and therefore both buying and mining might be rational. I can imagine this being the case in the early stages of bitcoin for example.

I realize now that the difficulty has followed the price fairly closely in an apparently somewhat efficient matter. And that the market of miners are more or less just following their personal break even points with regard to the price of bitcoin and their electricity price. 

So at this point I can see that price and difficulty are in fact highly correlated, and changes in difficulty are primarily caused by changes in price.