"Silk Road - now with human trafficking options!"
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I wrote guarantee, not promise.
If I can guarantee that code X does Y and nothing else, I have mathematical proof. This can be done programmatically too.
Actually theoretically with a specification that's exact enough one can generate the code on the fly to fulfill that specification. On the other hand this just means that the problems shift from writing good implementations to exact specifications... All in all the idea is nice and good, I think the risk from both sides is too high to make this work out in a useful way with humans and to audit code with computers we're still a far way away to really audit code.
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Also, if someone could audit code in a way to guarantee that it works as intended, this someone also could write a program for that...
What might be more interesting though would be to create unit tests for given pieces of code with 100% coverage. A platform where you post your code and get tests back to integrate in your test suite might already be something to verify against.
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Falls man Banken und/oder dem Euro nicht traut kann man so sein Geld je nach Art der Aufbewahrung der Private-Keys eventuell sogar besser als jeder Tresor voll Gold im Keller bei sich behalten.
Man hat eben das volle Währungsrisiko, falls man aber ohnehin darauf spekuliert dass z.B. der Euro stirbt dürfte einem das sogar eher gelegen kommen.
Ob man gleich das ganze Gehalt etc. in Bitcoin wandeln sollte... naja, jedem das Seine.
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I don't really see the connection to BTC here, this could be done with Paypal as well.
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As I still haven't gotten any reply back from this lawyer
Hi Sukrim, There was no point in Quentin replying until the affidavit was available for everyone. I will be speaking with him today regarding the Teramining contract and will ask when he will start replying. If you feel your patience has been worn thin, I apologize, but this is not going as fast as I would like either. Best, James Thanks for staying responsive, I'll wait a bit longer then.
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That's why I mentioned insurances. Clearly the path of the law is paved with money, but some of the more basic steps (go to the police, file a potential fraud claim) are often free. Also at least around here once a week any citizen can go to the local court and get to talk to a lawyer + get legal advice for free. I bet the ppl. there would be more than happy not to hear about the next tree that has branches growing over the fence or some other borig stuff but something more exotic like these contracts/bonds.
As I still haven't gotten any reply back from this lawyer (even though I set a quite generous deadline for an answer), it's now time for me to escalate this further...
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Klingt ja fast wie vom Protagonisten in "Fear and Loathing in Las Vegas" geschrieben... *schauder*
Will gar nicht wissen, wie die dann abgehen, wenn endlich mal ordentliche homomorphe Verschlüsselungssysteme auf den Cloud-Markt vorpreschen.
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Du hast meinen Post offenbar NICHT gelesen... der Link steht ganz am Anfang und der Originalartikel bezieht sich ebenfalls auf dieses IAmA. bzgl. BTCguild glaube ich schon, dass eleutheria (der Operator vom Pool) Botnets nicht so toll findet, aber vermutlich hat ihn auch einfach keiner gefragt.
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Can somebody advise me on what to do here? Lawyer up... potentially sue the LLC. Anything else probably puts you in a worse situation. Sue over 40 shares? Well, they were worth more than 1 BTC per share at IPO - over 180 Leu is also something, isn't it? Also depending on your insurances (you can insure against legal expenses quite cheap), something like this might anyways be covered. Reporting at the police as the bare minimum is surely free and depending on your country's standing with the US could also already create some attitude changes in the LLC that holds our shares hostage. Also if you fill these forms, if Giga goes down, you're going down with him. He has an LLC - do you?
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"Mentor" oder "Coach" oder was in der Richtung wäre eventuell je nach Kulturkreis angebrachter ("Kiez" ist ja auch nicht gerade im gesamten deutschen Sprachraum geläufig).
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Still haven't seen anyone post the supposed business scheme of pirate after he defaulted...
Quite a few people claimed to have "a quite good idea" of what he's doing, afterwards they defaulted with him though. Total amounts of BTC that went to and from pirate can be deducted from the blockchain (with real scrapers, not PatrickHarnett's "Stare at it long enough and patterns emerge magically and you know that pirate is legit!").
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Can somebody advise me on what to do here? Lawyer up... potentially sue the LLC. Anything else probably puts you in a worse situation. As I already wrote, there are probably 2 ways to look at a mining contract: 1) You're paying money and getting money back (progagbly Giga's lawyer's pov) - this means you're earning interest on an investment etc. 2) You're paying money and getting a service back (hashing work converted to Bitcoin) - similar to any contract that sells computation power (like render farms). Probably nobody knows which of these 2 will hold in front of a court (even the "you're paying money" is debatable, if Bitocin are not money in the first place), the worse case of these 2 is of course case 1), where Giga nearly operates a bank/money printing operation from a legal pov. To decide definitively you need to lawyer up, drag Giga's LLC to court and you'll probably settle this out of court, since it's much cheaper to just pay you whatever you want to have for the 40 shares than to risk having to pay all "bond"holders if the court really makes a decision. There will be a LOT of people not jumping through these regulations and just writing the few shares off, so Giga can probably easily pay his lawyer from the money you threw at him.
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Klar, das Einsparungspotential beim Zahlungsverkehr mit Afrika ist der Knüller, das kann der fast nicht glauben. Wie verkauft man Bitcoins um einen guten Kurs irgendwo im Busch in Afrika?
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You can easily claim your shares by using the data you submitted to GLBSE (email address).
Well, entering my email address on https://bitfunder.com/lostpass just returns "Sorry, we do not have that email address on file." - how exactly does the claim process look like?
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For U.S. residents, an apostille is of course not necessary, and most people can get notarizing done for free or a very nominal fee. [...] So I'm not sure whether Giga is in a position where he could do a buyback for those people who are looking at a big expense for apostille, since those are the people for whom OFAC regulations become an issue. Wrong and wrong. An apostille + getting a notary look at you while you sign something costs quite a bit around here not because my home country is fighting the US or something but simply because we have a much higher GDP and standard of living than the US. Also to open a bank account (and getting a credit card on top of that with a few thousand EUR limit) I need less paperwork than to finally get my ~5-6 EUR worth of dividends off shares that I bought for ~40 EUR worth at that time. As far as I understand it, all I owned all the time was a simple contract that was bought from giga (or someone else who bought it from giga) that guaranteed me that he'd be hashing Bitcoins and send me an amount that was specified in the contract in certain intervals. This is not much more than any renderfarm or provider of webservers does. I guess all the fear and "lawyering" stems from the fact that Bitcoin might in the future(?) considered some kind of money which would mean I bought a contract for getting money and not a simple service. Maybe something along the lines of buying a money printing press collectively... However, I'd like to see proof that Bitcoin are actually money first and/or creating Bitcoin is an act of cerating money and not equivalent to rendering a frame of Big Buck Bunny or Elephant's Dream (just with different algorithms running) before I comply with these regulations prematurely. Actually anyone sending their info to this lawyer (if he even exists/is a lawyer!) might get into far bigger trouble should Bitcoin really be considered money and Bitcoin mining be considered an act of creating money.
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I'd like to ask when will the "small shares direct claim" process start. The one for who have just a few shares to claim, could pass through the "lawyer step" by providing the bitcoin address and some details
Won't happen, unless shares are worth less than 10 USD total and stay below that limit (which currently actually is probably the case for quite a big number of shares...)
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Similar for me, but I'd like to get the payments from Giga to my address. I'm looking for someone to hold/own the shares but keep the payout address on one of my addresses. I'm not 100% sure if this contradicts #5 in the affidavit though. Otherwise I'd also sell the right to claim my shares + all payments for a fair price. Anything that giga requires short of stuff that costs me money (yes, apostilles DO cost money, more than I could ever earn on these shares as it currently looks like!) or that is illegal (copying IDs + sending them to strangers on the internet - btw. the person "Quentin Page" that claims to be Giga's lawyer is not mentioned on that lawyer's website: http://www.miamicriminalattorney.ws/miami-criminal-lawyer-legal-team.php) can of course be done be me, I'm still in sole possession of the email account and the private key to the address sent by GLBSE to gigavps and I'm not going anywhere soon... Payments could be forwarded of course until you are allowed by giga to change the address.
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Is it possible to have someone else claim my shares, if I allow it? Meaning can someone submit potentially multiple versions of this paper with different addresses (that you somehow seem to use as "unique keys" to the amount of shares we can claim)? If yes, I offer 0.5 BTC to anyone who claims my 4 shares, more info via PM.
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