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3341  Other / Off-topic / Re: (new game) We're on a starship... on: October 30, 2012, 07:32:30 PM
Yes, all ways are save. Lifts are operational. Radiation shields and live support work as well.

I will now focus on replacing the capacitors. Will report back as soon as the work is finished.

Ifseg Arkaz
3342  Other / Off-topic / Re: (new game) We're on a starship... on: October 30, 2012, 06:48:28 PM
Most systems should work fine now.

It seems that capacitors on our starboard side are thru alloyed.

The bad news is that we won't have weapons on starboard for the next 12 hours.

Good news is, we found this before we are actually in a combat situation.

Ifseg Arkaz
3343  Other / Off-topic / Re: (new game) We're on a starship... on: October 30, 2012, 06:35:59 PM
Nothing to worry about, some relays needed to be replaced.

We will have them callibrated in a few minutes and then w.. "Electric summing" / lights flickering".

Please stand by for a moment.

Ifseg Arkaz
3344  Bitcoin / Bitcoin Discussion / Re: The best way to Hoard coins on: October 30, 2012, 06:13:05 PM
Introducing a third party does not increase the value of bitcoin (he sold you his btc). Increasing the amount of transactions does not either. In this scenario, BTC would rise in value only if the person selling goods for BTC then saved (hoarded) them for future purchasing power.

The increase in value is from Stores making BTC revenue and therefore showing the usability of BTC.

If everyone would at least do this, then the amount of BTC revenue would probably attract more stores and therefore more users.
3345  Other / Off-topic / Re: (new game) We're on a starship... on: October 30, 2012, 06:07:08 PM
Machine Room reporting.

All Energy Levels are Green.

We are at 95.8 % Warpplasma

Primary and Secondary Warpcore are both running smoothly.

Machine room is ready to fly the "BAS Satoshi" to the next destination of our secret mission that has yet to be revealed.

Warp Engineer Ifseg Arkaz

Quote
"BAS Satoshi"

+1
3346  Bitcoin / Bitcoin Discussion / Re: The best way to Hoard coins on: October 30, 2012, 05:49:31 PM
Gee, thanks for telling me what to do with my Bitcoins...

Spend, save, destroy, donate, gamble, invest, et cetera, do what you want with your bitcoins! Some of us are here because we are sick of people telling us what to do with our money.

I suppose OP has never heard of a "store of value" which is most certainly a valid use for bitcoins, especially considering they are limited, unfreezeable, and know no borders.

For me it's spend fiat, save bitcoin (among other things). Thank you very much.

On a side note, the world is full of people who are willing to consume today while neglecting to prepare for tomorrow. I don't think that "hoarding" is going to be a problem considering how many people have a need for instant gratification. Those who consume less today in the hopes of actually having something to consume in the future should be praised!

You now, you can still save bitcoin, while spending them. Every time you want to buy something for Fiat, just look if you can get it for BTC. Then just exchange the fiat for BTC and immediately buy what you want.

This way, you spend the same, you don't need to touch you savings, but you help the BTC economy and therefore increase the worth of your savings.

It's just a little effort, but if everyone would do this, there would be a significant impact on Bitcoin.
3347  Bitcoin / Bitcoin Discussion / Re: The best way to Hoard coins on: October 30, 2012, 04:27:49 PM
Hoarding: http://en.wikipedia.org/wiki/Hoarding_%28economics%29

Saving: http://en.wikipedia.org/wiki/Saving

What is the problem with that?

I'm also not spending all my BTC immediately, I'm saving them to when I need them.
3348  Bitcoin / Bitcoin Discussion / Re: The best way to Hoard coins on: October 30, 2012, 04:03:28 PM
'Hoarding', which is identical to 'Saving', is the act of giving a 'future-you' what you do not need to consume today.

Aesop's fable: the Ant and the Grasshopper

There is a small but important difference between Hoarding and Saving.

Saving is, put aside what you don't need today for future use.

While hording is to acquire as much as possible of something, therefore short its availability and artificially increases the value. This is indeed damaging the BTC economy.

Edit: When I read the threads title, I came here to troll state my opinion that hoarding damages Bitcoin, but I was just lured in. I totally agree with the OP.
3349  Other / Beginners & Help / Re: I made 100BTC with Satoshi's dice. Is this normal? on: October 30, 2012, 03:35:07 PM
TenDrawBTC, I once wrote a simulator for a roulette table, and let it simulate all kind of random strategies by just changing betting odds/wins and behavior variables.

Yours is in there to.

I left it running for a few month, simulating billions of turns.

All I can say is: "The house always wins.

Although the probability of winning in any gambling game 1.000.000 with a starting bet of 10 is still higher than with a 10$ lotto ticket. So there must be people which have something that feels like an endless winning streak and think their strategy works. (By the way Lotto has such a high House edge that nobody would play it in a casino. Don't play lotto!)
3350  Other / Off-topic / Re: recording audio off youtube on: October 30, 2012, 03:08:46 PM
I use Jdownloader, not the most practical solution, but it does the job. Also you don't need more tools, because it lets you download petty much anything on any page.
3351  Economy / Long-term offers / Re: Dank Bank Deposits - dank soul guarantee - 1.2%-2.0% weekly - New music Oct. 30 on: October 30, 2012, 01:36:31 PM
This Thread is like a sitcom that is really fun to watch.

But then one of the main characters (Rarity) is leaving and somehow they start to warm up the same jokes again and again.

I agree. Dank you need a new Project or the Dank-Show will soon be cancelled due to bad viewing figures.
3352  Bitcoin / Press / Re: 2012-10-30 The Economic Times (Reuters) - BTC Could Tarnish Central Banks' Image on: October 30, 2012, 07:22:03 AM
IMO, not a good article (not a good writer).

He got the ECB report, cross read it and took out all the FUD.

Quote from:  The Economic Times
"Given the legal uncertainty surrounding these schemes... they can be used by criminals, fraudsters and money launderers to perform their illegal activities," said the research, which was released on Monday.

The report from the ECB is neutral and very well written.

Quote from:  ECB report page 25
However, practically identical problems can also occur when using cash, thus Bitcoin can be
considered to be another variety of cash, i.e. digital cash. Cash can be used for drug dealing and
money laundering too; cash can also be stolen, not from a digital wallet, but from a physical one; and
cash can also be used for tax evasion purposes. The question is not so much related to the format of
money as such (physical or digital), but rather to the use people make of it

They take it and make a negative article out of it. I miss the time when press was just objective instead of printing their own opinion.

You can find the full report here: http://www.ecb.europa.eu/pub/pdf/other/virtualcurrencyschemes201210en.pdf
3353  Other / Politics & Society / Re: Good news; ECB 2012/10 report on virtual currencies on: October 29, 2012, 09:30:37 PM
Wow, just read over it real quick. (I'm tired will read it in full tomorrow.)

They really have put a lot of work in this, informed themselves really well and it's written by people that actually understand bitcoin.

3 Surprises in one article, I'm stunned. This is great.
3354  Bitcoin / Development & Technical Discussion / Re: Trading across chains on: October 29, 2012, 05:37:30 PM
Since you are no noob anymore and are able to post everywhere, why don't you PM a mod if he can move this thread to development. There you will probably get more feedback than just my opinion.

It's a interesting concept and deserves more notice.
3355  Other / Beginners & Help / Re: Basic questions because I'm a noob sorry on: October 29, 2012, 05:16:35 PM
So if I have a pc wallet do I really need a website wallet too or is the desktop one fine? I presume when I put coins in it I just copy and paste the address to whomever I buy the coins off? This is the part that really annoys me. All I want to do is click a few links jam my paypal in or bank details and bam there's my coins, but it seems here in the uk you need to spend time reading things and taking an interest in things that I suppose are pretty cool now I'm learning about it, but all I want is to be able to use the bloody bitcoins.

My mum says im special ok

It's OK to ask questions, no need to defend yourself. I think that's the reason there is a noob section.

If that annoys some people they can always create a Bitcoin Professionals board and stay there.

To your question:

You basically only need one wallet, but you can have more, see it as accounts in different banks. While with your pc wallet you are your own bank (this also means you have to take care of security and backups yourself!)

Year, bitcoin is still not perfectly user-friendly. It's like DOS and as reagular banking customer you are used to win7. But it's being improved every day. Also I read that you in the UK have some difficultys to get BTC recently.

Try https://bitmarket.eu, there is a GBP marked.
3356  Bitcoin / Development & Technical Discussion / Re: Trading across chains on: October 29, 2012, 05:04:20 PM
If B doesn't send, A coins are lost for everyone

How about if we added future transactions?
Bear with my confused retarded mind for a second here.

say we want to exchange 0.1 BTC for 1 NMC... Party A got the bitcoins, B got the namecoins.
 
- so we have a multisig address on bitcoin chain, another multisig address on namecoin chain.
- Before sending anything we create two "future" transactions and both signs them. One to return the 0.1 BTC to its rightful owner and one to return the 1 NMC to the righful owner
- Now we procceed as suggested in the example

if B doesn't send, A coins will go back after the period, and vice versa.

The future transactions are just guarentees and they will be worthless since the temp multisig addresses are empty!

Penny (or a satoshi  Cheesy ) for your thoughts?


That could work, A sending the coins cancels Bs future transaction and vice versa. This would require to add cancel-able future transactions to the protocol, though.
3357  Bitcoin / Development & Technical Discussion / Re: Trading across chains on: October 29, 2012, 03:42:31 PM
Just read it once more throughrolly...

ah so you mean both coins on both chains are sent to addresses of multi-sig that's wht party "A" cannot take the coins while party "B" is releasing the other coins on the alternate chain, did I get it right?

Yes, that's IMO the only way that could safely work.

It still leaves all the loosing risk on A though (If B doesn't send, A coins are lost for everyone). But someone has to send first, I don't see a way to solve this without involving a third party.
3358  Bitcoin / Development & Technical Discussion / Re: Trading across chains on: October 29, 2012, 03:34:42 PM
https://en.bitcoin.it/wiki/Contracts#Example_5:_Trading_across_chains

Hi, I am looking forward to work on this. I just need the community help to brainstorm little more, and mpowering myself of more knowledge on the block chain.

So my question is what if the coins from the second block-chain are sent elsewhere while the coins on the first chain are being sent?

Not possible, if I understand it right, A dosn't have the coins anymore at this point. But B needs to send as well to be able to claim the coins send by A.
3359  Bitcoin / Development & Technical Discussion / Re: End of the BTC world as we know it? :) on: October 29, 2012, 03:21:43 PM
Still nothing important. On 28.09.12 they made 100% for 70 minutes:



Really, its just the best connected node we have.

If more Universitys would run nodes like that, we would have solved the Blockchain size problem.

So this is really a good thing.
3360  Bitcoin / Development & Technical Discussion / Re: End of the BTC world as we know it? :) on: October 29, 2012, 02:54:42 PM
Not again. You are probably the 100th person to "find" this.

It's the ETH Zurich, they are running a "super" node with about 1.500 connections and can therefore forward found blocks than the miner himself.

Edit: See here, the one running the node is even on the forum: https://bitcointalk.org/index.php?topic=113715.msg1229314#msg1229314
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