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2941  Economy / Speculation / Re: Dear Bear, So is this a slow bounce up, then a slow drop back to $100 or less on: May 27, 2013, 12:13:10 AM
I am not mocking Bears I actually want to know
2942  Economy / Speculation / Dear Bear, So is this a slow bounce up, then a slow drop back to $100 or less on: May 26, 2013, 11:39:37 PM
Dear Bears

I thought (according to bears) there should be a slow unwind/drop to $70 or less......it this yet to happen?

or are we seeing everything in compressed time, and the $50 was it.

edit

I am not mocking Bears I actually want to know

2943  Bitcoin / Meetups / Re: PERTH AUSTRALIA MEETUP Block 3 26th May 2013 StateLib CoffeeShp on: May 26, 2013, 12:47:52 AM
Hi I may be a bit late
2944  Bitcoin / Electrum / Re: 1.74 from 1.73 OSX on: May 25, 2013, 03:43:56 PM


Thanks One last thing

I have notice electrum does not start on parrallels? double click and nothing

Electum, in fact, can run multi instances of the Client, I don't have my MacBook here to check myself, but I have did it several times.

But I'm not sure right now.

Also I'm used to use the Terminal and run from a copy from git.

I double click it on win 7 in parrallels and nothing happens

also I have noticed a few programs behaving like this eg IX coin client and firefox says and istance is already running (but its not I checked task manager)


2945  Bitcoin / Electrum / Re: 1.74 from 1.73 OSX on: May 25, 2013, 01:57:45 PM
So
...

how do you up grade download and install that it?

Re seed?

Uninstall 1.73 then put in 1.74

is it worth the upgrade or are there bugs?

Just download the latest version for OSX and overwrite the Electrum Mac App under the Applications folder

Also other questions (noob questions but better safe than sorry)

[1]how and where and in what form does electrum store the private keys on the system, or does it work it out every time?

Your private keys are derived from your seed that is kept in the electrum.dat, this seed can be encrypted if you set a password for your wallet. This password will be asked every time you make a payment.

[2]does this changes if I encrypt keys?

Answered in the previous question

[3]I take it electrum does not  use a wallet.dat being deterministic seed or am I wrong

Electrum stores your seed in the electrum.dat, encrypted if you use a password or in plain text if not.

[4] Is their any danger running a 1.74, on a win7 virtual parallels installation and a 1.73 on the OSX

None, but it is better to use always the up to date version to avoid older bugs in the client. Your deterministic wallet is synced trough all your computers, because the blockchain is in the cloud.

Thanks is advance

[5] If I start a wallet from seed, the wallet will be unecrypted regardless of weather I had encrypted the wallet before?

If you restore from seed and an electrum.dat file is not already in your system, a new wallet file will be created and youˇll be asked to encrypt it with a password. Remember this password is to encrypt the file in the computer, if you restore from seed on any other computer the file created in that moment need to be encrypted too.


Thanks One last thing

I have notice electrum does not start on parrallels? double click and nothing
2946  Bitcoin / Bitcoin Discussion / TRUECRYPT donations no BTC? on: May 25, 2013, 09:57:13 AM
I wonder why TrueCrypt dont take BTC/LTC donations?

Would have thought they would be the first!
2947  Bitcoin / Electrum / 1.74 from 1.73 OSX on: May 25, 2013, 08:03:29 AM
So

how do you up grade download and install that it?

Re seed?

Uninstall 1.73 then put in 1.74

is it worth the upgrade or are there bugs?

Also other questions (noob questions but better safe than sorry)

[1]how and where and in what form does electrum store the private keys on the system, or does it work it out every time?

[2]does this changes if I encrypt keys?

[3]I take it electrum does not  use a wallet.dat being deterministic seed or am I wrong

[4] Is their any danger running a 1.74, on a win7 virtual parallels installation and a 1.73 on the OSX

[5] If I start a wallet from seed, the wallet will be unecrypted regardless of weather I had encrypted the wallet before?

[6] whats the difference between the installer version and standalone version of exe?

[7] I have notice electrum does not start on win 7 parrallels? double click and nothing

Thanks is advance


2948  Bitcoin / Meetups / Re: PERTH AUSTRALIA MEETUP Block 3 26th May 2013 StateLib CoffeeShp on: May 25, 2013, 04:15:49 AM
back from overseas - I'll be there in my Bitcoin t-shirt Cheesy
see ya's tomorrow 10AM
Graet

see you then!
2949  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 25, 2013, 12:34:42 AM
And when all these bubbles explode, cash will be king.

cash won't as you can print more

gold won't because all the goldbugs complain and moan about is how they are constantly being manipulated by the banks/gov

bitcoin however can only really be manipulated up in the long term
2950  Bitcoin / Legal / Re: Capital Gains Tax on Bitcoin and definition of a Bitcoin in Australia (Equity) on: May 25, 2013, 12:24:01 AM
CGT Assets are defined in s 108-5 of the Income Tax Assessment Act 1997 as "any kind of property" or "a legal or equitable right that is not property."

As put forward in my other thread, https://bitcointalk.org/index.php?topic=141636.0 I believe the definition of Bitcoin as an asset is wrong.

Bitcoin as a CGT asset also seems wrong to me.
Quote
INCOME TAX ASSESSMENT ACT 1997 - SECT 108.5

CGT assets
             (1)  A CGT asset is:

                     (a)  any kind of property; or

                     (b)  a legal or equitable right that is not property.

             (2)  To avoid doubt, these are CGT assets :

                     (a)  part of, or an interest in, an asset referred to in subsection (1);

                     (b)  goodwill or an interest in it;

                     (c)  an interest in an asset of a partnership;

                     (d)  an interest in a partnership that is not covered by paragraph (c).

Note 1:       Examples of CGT assets are:

*          land and buildings;

*          shares in a company and units in a unit trust;

*          options;

*          debts owed to you;

*          a right to enforce a contractual obligation;

*          foreign currency.

Bitcoin is technically not a currency as defined by ISO though that may change in the future.
I think it's safe to say bitcoins are not any kind of property as they are more like a distributed digital file or a virtual key.

Bitcoin an equitable right? Well there's certainly no legal right given to someone with a bitcoin.

From Wikipedia on equitable right:
Quote
An equitable right is a legal right guaranteed by equity as opposed to a legal right which derives authority from a legal source.

From Wikipedia on equity law:
Quote
Equity was developed two or three hundred years after common law as a system to resolve disputes where damages are not a suitable remedy and to introduce fairness into the legal system.

I don't think Bitcoin will be defined as an equity given that the current legal system has shown no interest in defining what a bitcoin actually is, let alone affording protection to victims of fraud via bitcoin payments.

For further reading on equity search for "maxims of equity".

Do you think Bitcoin could be defined as an equity or that equity law could apply to Bitcoin?

It may not be an equitable right because no one is in anyway obligated to give you anything for a bitcoin, nor promised in anyway you would receive anything
2951  Alternate cryptocurrencies / Altcoin Discussion / Re: GLDCOIN @ Cryptsy! YAY on: May 25, 2013, 12:20:43 AM
i feel vindicated that not getting listed was a better idea.

GLD differentiation point was the give away in bulk, which evened out early miners, which gave it a chance at grass root level, I gave a way a few K myself.

However, it appears to be another dump now

I can not understand why people always say "don't sell, every coin", when it gets listed.

WDC, YAC etc etc....

Of course people are going to dump

I am coming to the view that the value of the coin is closely related to the competence of the DEV team behind it, and the Number of DEVS.

Look at the number of puls etc in github for btc, ltc, PPC, TRC and then the rest, and you will see what I mean.

BTC is way out in front,
PPC,LTC,TRC ok.

The rest = close to silence
2952  Economy / Economics / XRP v BTC market cap on: May 24, 2013, 11:26:25 AM
As crude as the measure is It seems that XRP market cap is

over the BTC market cap

interesting days

however the XRP is much less liquid, I also think it does not have the growth potential of BTC

2953  Alternate cryptocurrencies / Altcoin Discussion / Re: Are ChinaCoin (CNC)'s Development Team Still Operating? on: May 24, 2013, 09:06:12 AM
Are Chinacoin (CNC)'s development team still operating?

DEV TEAM?Huh

there was no dev team, it was a pump and dump

MR CNC sold out the day it listed on BTC-E

and is now sitting in some tropical paradise on a BTC funded early retirement.

he probably sold about 10000 BTC worth of CNC between 0.0043 and 0.002, and it likely still selling
2954  Alternate cryptocurrencies / Altcoin Discussion / Re: [PETITION] ***Gold Coin*** Lets Get GLD Listed On Exchange! on: May 24, 2013, 01:39:25 AM
a community of furious circlejerks

hey if it works !!!
2955  Alternate cryptocurrencies / Altcoin Discussion / Re: [PETITION] ***Gold Coin*** Lets Get GLD Listed On Exchange! on: May 24, 2013, 12:35:45 AM
We should not rush

We should not petition every coin that has done this, just goes down.

Lets build a community.

2956  Alternate cryptocurrencies / Altcoin Discussion / Re: Time to BUY DEVCOINS (1 penny each or less) on: May 23, 2013, 06:28:19 AM
I thought dev coins were designed to stay low....what m I missing here?

That low doesn't mean they have to stay at less than 1 penny each.

no but by design I meant actually something in the code to keep them low or something like generata more if price went up to high

i confess I really really don't understand DVC
2957  Alternate cryptocurrencies / Altcoin Discussion / people trying by XRP below market price ???? on: May 23, 2013, 06:26:17 AM
I keep seeing and now getting PM's to buy my XRP at below the price you can see on ripple?

Are people really falling for this?
2958  Alternate cryptocurrencies / Altcoin Discussion / Re: Time to BUY DEVCOINS (1 penny each or less) on: May 23, 2013, 06:21:30 AM
I thought dev coins were designed to stay low....what m I missing here?
2959  Bitcoin / Bitcoin Discussion / Re: Why did no one think of Satoshi's system/solution before Satoshi on: May 23, 2013, 01:01:09 AM
Quote
The short answer about why it took so long is that the bit gold/Bitcoin ideas were nowhere remotely close to being as obvious gwern suggests. They required a very substantial amount of unconventional thought, not just about the security technologies gwern lists (and I'm afraid the list misses one of the biggest ones, Byzantine-resilient peer-to-peer replication), but about how to choose and put together these protocols and why. Bitcoin is not a list of cryptographic features, it's a very complex system of interacting mathematics and protocols in pursuit of what was a very unpopular goal.

Bitcoin, what took ye so long?
http://unenumerated.blogspot.com/2011/05/bitcoin-what-took-ye-so-long.html


I agree with one point, in 2005 I did the law of banking, and came realise exaclty what FRB/FIAT/CRR's was.

I would try and explain to some people what money was, and the very first moment I said FIAT, that was it....no one but no one knew what FIAT was, let alone FRB or CCRs.

At least now FIAT is on the radar.
2960  Bitcoin / Bitcoin Discussion / Re: Should Bitcoin Win Nobel Prize? on: May 23, 2013, 12:30:36 AM
The nobel prize is an outdated metric to partition the academic world into a hierarchy over betters. It serves no purpose nor benefit to the Bitcoin ecosystem. Instead market adoption and remove to central banks will be the final metric of success and validation for Bitcoin. Besides, they gave the peace prize to someone who strapped bombs on kids to kill israelis. The award is forever compromised in my opinion.

Quote
maybe the bitcoin community should start their own awards/prizes, mainly for development and new coins/protocols/programs etc, recgontion for some of the best ideas from within the bitcoin community where there is presently lots and lots of people working tirelessly on their ideas and inventions to make this new economy of ours work/work better, maybe give them out at the conferences, maybe btcs as prizemoney too , maybe bitcoin itself and satoshi could be given some "posthumous" award, or become the name for the biggest "breakthrough" achievement of each year, forget nobels, bitcoin should do its own thing !!!

I like the idea of a Satoshi prize that awards some jackpot of money to someone for doing something the community needs. Like developing a P2P exchange or bringing a certain amount of people into the ecosystem. It could be community funded and have a list of objective criterion.

I think the nobel prized was compromized when hitler was nominated.


The first satoshi prize should go to a robust working gui p2p exchange

However it's still respected in certain pockets so may be educational.

Love the idea of a 'Satoshi Prize' too
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