there is still a couple months left till the loan is due to expire. so hold off spreading disgruntled loaners thoughts until the expiry date of loans.

if you had a mortgage and missed a payment just one month, or was a few days late in payment. would you want to have your house taken away instantly and imprisoned for fraud? of course not,
so chill out on accusing someone before expiry dates. put facts into context. and do the maths. that loaner complaining on the forums only put in 2BTC of the 30BTC. other big players and more experienced loaners know now to shout and accuse instantly. so dont take noob loaners aggressions to the reality of life as reasons to then cause chinese whispers, accusing people of scamming.

wait till April before accusing people.

and to user #636 who done a loan for about $50 and went on a rampage because he wasn't repaid $10 on time. if you cant afford to be without $50 for 6 months, maybe being a loaner is not the thing for you. don't loan what you can't afford / fear to lose. and that is advice to anyone. whether the loanee is trusted or not.

why would people buy a specialist device just to spend money when most people object to having to pay $10 to obtain a pre-paid debit card upfront. most men object to spending more then $30 for a leather wallet. so paying more for an electric gadget that only has the function of spending money at limited range, relying on other local people to be nearby to relay the 'messages' around if flawed.

in this day and age its all about phone apps. utilising Near-Field, bluetooth, wifi,sms, 3g/4g internet makes there is no need for a peer to peer specialist device with limited distance of use. when our own smart phones can do the job nicely. all it requires is a good stable app to link everyone together without it using up peoples phone balance and still remaining secure so that others cant gain access to the other phone features outside of the app, such as addressbook, phone dialer, etc.

your 99% right.

the bit that i find most unique and powerful is that if i held GBP and you held bitcoin we can swap them and leave them held within ripple, without banks involvement, we can then use those funds for further trades spreading the types of currency we all hold without restrictions.

i dont think the ripple concept is based on loans in the manner that BTCJam consider loans. but more on the concept of reserves and allowing / trusting other people to manage X amount of my funds for me.

but for my personal use i wont be involved with loans, i would only consider the currency transfer concept without banking rules/restrictions/fee's

i read these threads where people think there is a massive difference between raw milk and pasteurised milk, for raw milk to be so dangerous, or not tolerable by many people.

the difference is this:

its been heated

.. and thats it! no special chemicals or additives are needed for the pasteurisation process. so if you cant tolerate raw milk.. just boil it up in a saucepan and then pour it into a container.

raw milk is cheaper then pasteurised milk so if i could get a regular supply of it, id buy it by the gallon.

same as bitcoin.... time, electric, hardware costs


goodluck making a 1toz gold brick with just a bucket and spade, i hear that will take you years. it takes money and energy to get an excavator, find a plot of land, and start digging these days for anything worthy of a weekly wage.

and this next statement he says can be used for both gold and bitcoin

edit: original comment no longer required. seems he has now got thngs sorted

ill just leave this here:
https://bitcointalk.org/index.php?topic=52543.0

edit: darn someone beat me to it by 24 seconds

the only think to be warey of is that you may end up selling your BTC to them for way under the Gox price for your native currency. and thats how they make their money.

i would be happy with a 1% under gox.. but not anything like 10%. and i cant easily see where it gives a extimate of the BTC/ fiat charge

and as someone else mentioned. the cards to have pin numbers. you obtain it after delivery, during the activation process of the card

whoever laid out the table for the fee's needs to be shot.

here i have laid it out better.

#	Euro	US Dollar	Poland PLN	UK pound
Single POS transaction	1000	1300	4000	800
Daily ATM Withdrawal Limit	150	200	500	130
Max Balance at a time	2500	3500	10,000	2100
Max Balance per year	2500	3500	10,000	2100
ATM withdrawal fee	2.5	3	5-10	2
POS Purchase fee	0	0	0	0
Balance check GSM	0	0	0	0

then they go to a book store, or a library read the poem again access the bitcoin address from someones computer and transfer what they need.

the poem i used is not a poem i wrote. it s a widely available book. so thank you for proving that even when the house burns down the money is safe.

but if you mean what do they do in the couple weeks from the funeral until the reading of the will to receive their inheritance, well i never throw all my eggs into one basket. its not like the family needs to ask me for a daily allowance upfront. and in my death they are left on the streets for a few weeks. the reality is that thy can still afford hotel rooms for , well a few weeks using their own wages, etc. but if they want their inheritance they have to wait for the reading of the Will before buying their porsche's and mansions

many rumours of what ripple is or potentially is are still flying around, as are the many speculations as to how to use it. so can anyone care to clarify it.. as this is how i see it.
the best way to do it, is this:

now:
imagine MTGOX holds all of the physical Yen in a "locked in" reserve. (greenbox)
imagine Bitinstant holds all of the physical  Dollar in a "locked in" reserve. (greenbox)
imagine BTC-e holds all of the physical Rubles in a "locked in" reserve. (greenbox)
imagine Vircurex holds all of the physical Euros in a "locked in" reserve. (greenbox)

they have all given each other an equal share of what they have to each other in the form of XRP that represents the fiat, much like MTGOX/BTC-E Codes (blue boxes)

the physical money stays where it is(green box) but for instance MTGOX has now 75,000 locked in as reserves for everyone  and 25,000 free to do with as they please.

now then imagine an indivicual, me... i have Bitcoin and i want Euro i am friends with BTC-E and he wants my Bitcoin. so we trade. i get an XRP for X Euro and BTC-E gets a XRP for Bitcoin. BTC-E Euro reserve decreases and my Euro reserve increases.

now it shows that i have some euro which i can use with other traders or cash out to a EURO accepting bank account.
so, say i wanted to withdraw.

i hand my XRP into the ripple withdraw system. it informs Btc-E to inform Vircurex (the phycical Euro Holder) to send the Euro to the destination i chose.

the amount of total Euro is reduced at Vircurex and the XRP is destroyed

remember BTC-E and myself never handled physical Euro. it was all done on a reserve bases.

XRP is not a minable coin. it is a IOU certificate, a mtgox code idea.
remember i just used the named of companies for examples. i could have called them dave, peter, john and andrew so the names are not of importance


the big main aim is not to have to continually accept non native FIAT where the banks would convert it to native and cause us to get less then we asked for. but to keep it in the system/community so that we are less reliant on hourly withdrawals and deposits and especially bankers exchange rate.

where by the Ripple system would work as a better method of ensuring that native currencies cross over without conversion fee's

now that i have explained it in a way that i have seen snippits of information going around... am i actually anywhere close to the reality of ripple.

not scared at all. as i said most of my holdings are cold stored. (200k LTC 100BTC)
i only put in what i see as a fair amount to lose either on a bad bet or a server crash. but BTC-E is up, running and no looses happened so this thread can now be left to die, just be used as a "what if" scenario to learn from that even great services 'could' disappear in an instant.

paper wallets can be many forms..

EG i can have a paper wallet that is a poem in a book...

and the key is (for example but not reality) the 3rd word 7th word 26th word and a bunch of numbers for the brain wallet key.

so just having a book on my book shelf that is my paperwallet.

now try stealing my coins..

and for inheritance reasons if i die, just putting a statement for family to read in my Will as:

read my favourite book, word numbers ... .. ..  to receive your riches.

and basically if anyone does not know you well enough to know what your talking about, doesnt really deserve your hard labours

ok each country is different. but seeing as most people on the forums are american. lets take a stab at it.
ok banks, and other FIAT investment companies as part of their obligations to be regulated, need to pay the FDIC (an insurance company) to ensure that depositors are covered upto a balance of $250,000
http://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corporation

the government dont just hand out money to a regulated entity purely because they lost cash, they are insured because the entity pays an insurance premium....

same goes for bitcoin. most places like MTGOX do/should have a set amount of buildings/content insurance and declare a set amount up for their assets.
and of course employee, personal life insurance, to cover any gun wielding theives.
after all:
it is also still a crime to steal anything whether it be digital documents, chickens, rice, art work.
it is also still a crime to hold someone hostage
it is also still a crime to use a gun in a threatening manner.

so why say bitcoin thefts are not insured or criminal?

many insurance companies would be very tough on paying out. in many countries the use of a PIN number of an ATM card, by criminals to withdraw funds fraudulently would not in some cases not be repaid, purely on the bases of the pin number being made public enough for it to have been used, that the owner did not use any security precautions to prevent the crime.
EG
1.pickpocket crimes where the criminal watched over the victim whilst entering their pin number, then stealing their card
2.leaving your online bank logged in with no passworded screensaver(local theft) or antivirus software(remote theft)
plus many other easily google-able search results that show when banks dont pay out.

banks dont just pay out simply because you scream "i have been robbed". they have policies that if an amount is small (chargeback/ATM daily limit criteria) where doing a full investigation would be more costly then the loss, they would only do a micro investigation to weigh up the possibilities that the money missing is genuine/preventable. based mainly on the statement of the victim, as to how the loss occurred.

bitinstant and mtgox have FDIC insurance policies for the FIAT, there is nothing stopping them having other insurance company policies to cover their property(bitcoin), apart from how to word the policies.

but in the end if someone came into the bitinstant offices with a face mask and a gun, then having a panic alarm system linked directly to the police is more important then bitcoin insurance policies.

a savvy insurance company that is not the FDIC would see bitcoin as a lucrative market to start making fixed policies dedicated/worded for bitcoin.  instead of the headache of using private insurance companies that mtgox/bitinstant/etc currently use/should be using where insurance companies treat bitcoin as a product, much like retail/contents insurance using customised policies tailored to fit the current bitcoin system.

and by this i don't mean a 17yo basement dweller starting up a bitcoin insurance company would be advisable. i mean an actual insurance institution that already has all the laws under its belt, would see bitcoin as a great new insurance policy category to offer.
much like fixed insurance policies worded directly for art work, J-Lo's buttocks, etc.

i have 2.5BTC and about 3000LTC.

still not bad, i coulda had 200k LTC and 100BTC.. atleast this teaches the noobs to not throw all their eggs into one basket.

i still think BTC-E will come back, but they been DDOS'ed to hell the last couple days by NVC haters, so maybe they just switched off their server for a few hours and used the time to do some crucial updates.

only time will tell

i know i wasnt directing the message at you, 
but to anyone that see's the topic title called BTC - UK transfers only.

im looking to buy bitcoin. looking for between 30-45BTC depending on price. maybe even more BTC if the deal is good

im on OTC and or if your a bitbargain seller we can use that too.

escrow prefered

hostile.. not resistant...

luke JR touted it as resistant. EG impossible.
and i seen the epic drama of the wiki edit war. its also well documented.

in the end its now 2013 and people CAN and DO mine litecoins using GPU's so trying to say litecoin is GPU resistant is a moot point. so using old out of context comments from 14 months ago in an attempt to try to keep the userbase within bitcoin is simply a worthless path to try walking. so give users their freedom.

its all about context.

and thank you coblee i got no issues with you

actually i and a few others are in talks with quite a few merchants and services to expand the crypto currencies into mainstream.

how about 25,000 bricks and mortar businesses all in one swoop. if things go in the direction as planned. and the great thing about it is, that i personally am not limiting it to just litecoin or just bitcoin. i give the merchants a choice.

don't believe me that 25,000 merchants in one swoop is possible? then maybe  i shall just leave this link here as the simple answer to just one of the avenues (hint: bottom left of page see how many merchants that service links to)

just-eat.com

the reason i say this is from actual merchant discussions and not armchair activists forum FUD, merchants find litecoin more appealing, and silk road is not a promotional highlight of bitcoin in the real world.

so please give it a try. talk to some merchants, get them on board to any crypto currency you please. just dont try restricting peoples freedoms, using false information.

as that is ultimately the opposite of what cryotcurrency is about, freedom


most of 2011?? what a shame that litecoin was 'born' in late 2011. and luke JR edited and kept re-editing the wiki about litecoin in november 2011. sorry i have to say it one more time

lol, sorry, couldn't help myself. its obvious that you are a bitcoin superfan only here to try provoking issues to make people with valid points seem invalid, but you misunderstanding of what was read. lets give it a word.. hmm the context.. of what what said, makes superfans look the fools.

saying litecoin is GPU resistant by using other peoples posts is just such a sofa activists failed attempt at reducing peoples perceptons of something, and reducing their choices. everyone knows people can mine litecoin with GPU. so why even bother to continue to highlight litecoin as GPU resistant. take things into context next time.

the events of the luke Jr and his superfans attempts to hoard the bitcoin userbase happened nearly a year before i signed up to bitcoin talk.
so maybe i do read the history, and maybe i do know the facts. and maybe i do put things into context also.

those 'litecoin fans' you speak of were not touting litecoin as a 'you cannot mine using GPU'. they were touting litecoin as a coin that is able to create coins without the NEED to buy expensive GPU just to be profitable..

much like what is happening now with bitcoin. people are flocking to litecoin because soon ASICS will be the only effective way to mine bitcoin for profit. so the GPU users, much like the CPU users of yester-year will flock to the coin they can profitably mine with, without needing to buy expensive equipment to stay in the game.

in short
coin for coin you will get more litecoin per x number of computational cycles then you would bitcoin.

it does not state that litecoin is just for CPU mining.

this is again an attempt at using information wrongly to say its impossible to mine litecoins using a GPU for profit.