Yes I agree. I don't think it's a scam per-sec... rather I value it at $1USD for 100,000,000's ripples due to the centralisation & lack of source. I cashed out all except a few XRP for testing... made close to €50 out of nothing! Of course the value may rise but then also XRP will be given away again: Keep an amount according to how much faith you put into it

No doubt XRP value will probably go to the moon like BTC did and I'll be kicking myself but here's something no one mention:

- where you put your money is what you support. If you buy a stock you are not only betting on it rising; you are supporting the company.

 I choose to support Ripple only a little.

Can I trade XRP for DYM and just trust you to hold one for me as a test?

You know... regards ripple I haven't found a new usable trust pathway yet whereby I can trust someone I don't know through someone I already trust...
 this seems to be the whole point. I have made as many 1USD trust points to people I trust a little but still no paths found. Any tips? I also notice that there is only one Ripple server and I can't get the source to run my own gateway - did DYM manage to automate and the team allowed him to run a copy of ./rippled?

Chose not to link my FB with my Ripple address. Chose not to like and encourage my friends to bump up the price for something closed source and premined.

My gut feeling is that security is good on an unrooted iphone but privacy is poor. If you are worried about someone hacking your phone then the iphone is probably good. If you are worried about your taxman looking at your phone and then billing you then it is probably a bad.
This is my gut feeling regards closed source things.

So the answer is - it depends. You are in the hands of Apple, you either trust them or you don't, it's not for me to say. Personally I trust them but perhaps other people would be more paranoid that somehow Apple might delete the Bitcoin app from your phone somehow (possible?) - does that happen if an app is pulled from iTunes?

Here's the missing step - you need the "destination tag". Bitstamp uses a single Ripple address and uses that destination tag to match it to your account.

The easiest way to get the destination tag field to actually appear is to click the deposit link from within Bitstamp. Of course you also need to send BTC after you have traded your XRP to BTC. When I try to send XRP Bitstamp have been kindly sending them back to me.

I also notice you can copy the Bitstamp Ripple address with the dt (destination tag) field but for me I found that while I can paste it into the box the destination tag field does not appear so I haven't tried it this way yet.

Still don't like Ripple until it's OpenSourced though.

Every 'smart' phone is closed source to some degree and so, insecure. The least closed would be an Android running Replicant with only the modem closed, next would probably be a Galaxy running Cyanogenmod. iphone is pretty much a closed and controlled shop but is if not rooted then possibly more secure... just less private.

 It depends what privacy you want and what you think is the biggest threat. Personally if I had bought an iphone anyway I would trust Apple but hesitate to trust the apps.

Quick note: In addition the right clock you also need the right timezone - careful when travelling.

I broke my phone recently and lost access to Google Auth. I had my auth key setup but how can I setup a new Google Auth without a phone?

http://www.goldtrends.net/FreeDailyBlog?mode=PostView&bmi=1267250

^ here this guy gives a 3 stage theory on gold's loss of value recently.

1) "FED will no longer QE"
2) "Cyprus to sell gold"
3) Crash the physical gold selling system so people can't sell in that market

 However... before all this I read plenty of tech analysis saying gold and especially silver as in a downwave generally for this year.

 However, the theory regards gold is useful for the Bitcoin price fluctuations we've seen, especially regards (3)

I've been using BitNZ to transfer between my account in another country. The reason for this is the annoying charges that you get to and from NZ accounts - do you know any way to avoid these? I looked at CurrencyFair and their NZD account is in Australia so you still get that $15 charge. klickex was a full 0.01 off the interbank rate (!) so it's only cheaper than xe.com or oanda if you transfer less than $1000

My experience with BitNZ has been very good. You do have to set the rate you wish to buy or sell your BTC at manually. I suggest looking at the order book and typing in your price according to what is available to get the match instantly.

Even so, be sure to do a few test payments first and take your time. The guy running it seems la bit busy and probably has other things on his plate, running this as a contribution to the community rather than for the cash - just bear that in mind. It's a lot quieter and slower than other exchanges but it has worked well for me. YMMV

Example price for future reference. Great idea to see this  been waiting for this kind of thing for a while. Recommend pictures of examples

Yes it's a SGSII model i9100 with CM10 on it.

Bitcoins are stored in Bitcoinspinner on the phone - I will send you the withdraw pin with the phone. I don't know the internals of Bitcoinspinner but I think we should be able to get the coins out if we can access the filesystem - it's just too dead for me to get that far.

Bearing in mind the price swings I think what I will do is make a Bitmit listing which you can then use escrow with.

I think your original offer was a bit high in allowing 1BTC for the phone itself since the LCD is scratched and the lens has come off so I changed the Bitmit listing to 1.349BTC linked to GBP and 15GBP for postage from Spain where I am now (guessed) and also in recognition of being able to send me anything you can recover which I value

https://www.bitmit.net/en/item/26174-i9100-faulty

 -j

The market carried on without gox. When it reopened the adjustment was in line with the other exchanges - a good sign?

1) There must surely be a case study somewhere for a situation where a wealthy investor has shaken up a small market to pump and dump... and enough to control the market completely?

2) There are some people who assign a portion of wealth to the cause and never sell. They sold off costs a long time ago and coldstore buried those keys years ago - this is support at <$0.01.

3) There are also people who just think "what else can I do with my fiat?"

But, we do see bit trading and it's good to see gox attacked. Can we try trading with ripple?

Maximum Keiser Sose switched to the commies for cash

That's a fair point but...
 where else would you park your cash in such a liquid manner? I've investigated many alternatives and Bitcoin still has those unique properties - put the key in your head, protection from being shutdown etc etc. For some the question could be "if not Bitcoin then what?" if there was a clear alternative though.... !

Agreed. It's good for Bitcoin.

The micro trading bots spamming are interesting. Very important not to react like the USSA and ban such things but to react to them in a fluid market response. Established markets also have this problem of spamming - I expect this community to be better than those trillion pound markets in the response.

If it's 20k accounts a day then we have to presume that KYC is outsourced to a specialist company for this? Or is it in someone's garage handling passport scans and bank statements?

Can anyone have a cursory look over the source code and point out the changes that were needed for the portable version? Is the official celctrum portable build ready yet? (can't see in the main download dir)

This is what litecoin is for of course...

Ideas:

- establish a standard guide for how many confirmations to wait for according to the size of transactions: What do you advise?

- Mt.Gox should lower number of transactions on a sliding scale for smaller transactions. Waiting for 6 gives newcomers the idea that it's always got to be this way

- publicise the confirmation speed. 10mins = 1 confirmation, 3=30mins, 6=1hr (generally)

- advise the confirmation speed in tooltips on clients such as electrum

- notification of confirmation by email or audio like on blockchain.info

OK. Can anyone recommend an escrow provider and how to sell? Do you have some reputation or something like that?

Cheers

 I subscribed to quite a few sources in order to catch a flash crash, sell high and buy low.

None of them called a top or forecast this crash other than to say "if it goes below the x line then sell". I don't know how automatically sell below a moving line and I was busy today so I missed selling. Not a major bummer since I only speculate with a small amount but it does make me think I've wasted my money on tech analysis - once again another failed experiment!

 Do you agree?
 Do you have a method for automating buy and sell?