I have been in contact with various individuals discussing the future of bitfloor and finding a way to proceed. Updates cannot be posted until a decision is reached as I do not wish to spread misinformation. I can say that all my efforts are focused on keeping bitfloor alive. It takes time to speak to all of the interested parties and come up with a solution.
Any plan to re-pay the lost bitcoin? I see this as being an important way to regain the trust of the community. There are other exchanges that have not been compromised that work well, what incentive do I have with going with an exchange that lost so much BTC and has made 0 claims of repayment. I just don't see it being wise for the community to help bitfloor out until repayment is discussed. If there is no plan to repay lost BTC then the community should not back the rebuilding of bitfloor. You need to read between the lines in his post. That's exactly what he's working on figuring out when he says "finding a way to proceed". |
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Bold on the Chaang Noi (Goat) ช้างน้อย quote my emphasis. It is Bittalk Media Ltd, who is liable here. What we are talking about here is a corporation turning over some of its shares held in trust for one of its shareholders in exchange for some very questionable liabilities of the shareholder, without a right of offset, with multiple international jurisdictions involved and where the shareholder in question is at risk of bankruptcy! Talk about a legal hornets' nest. The legal fees to clean up this mess alone can easily bankrupt many a business start up.
I missed that but I still don't see how BitTalk is liable for anything. If Matt choses to trade some of his liabilities for the equity in BitTalk that is his choice. If he is insolvent (legal definition) and seeks bankruptcy then the tx could be voided but there is legal consequence. BitTalk could take a loss (in theory) but the odds of all that happening are essentially nil. Ok, so here's a question: In the event of a MNW bankruptcy, and assuming he still held partial equity in Bitcoin Magazine, what would happen to that equity? Would it be sold by the state at auction? Would it be offered for buyout to the other shareholders at the highest bid price? Would it be distributed to the creditors? Also, are individuals treated the same as corporations when it comes to bankruptcy? If a person is known to be bankrupt soon, then they shouldn't pay anyone, but save what they have to be distributed to the creditors evenly? I've never heard of that happening in a personal bankruptcy case, so it just seems odd to me... I've never heard of anyone not being able to choose who they want to pay right up to the point that they make the official declaration of bankruptcy. |
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But here's the problem: People know where I live (or could easily find out, as I make little effort at hiding my offline identity). If I have thousands of Bitcoins on hand, and people know that, then I fear I would be making myself a target for home invasion.
How big risk this really is? The money is behind a safe, which only you know the password to. So they have to threat you with violence to get the private keys/bitcoins. To me it seems like a high-risk operation from robbers viewpoint. The way I figure it is, people will break into a car for a quarter. I am certain there are individuals out there who would conducted an armed robbery of some sort for $200,000 worth of digital cash. Sure, it's high risk, but it's also high reward if business is booming for me and I actually have that many bitcoins moving through the service in a 24 hour period. |
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(I don't want to deal with a second person)
For what it's worth, simply opening a safety deposit box costs as little as $10/year, can be done at the bank you already visit, and can be accessed without any questions other than your identity (which will be checked by someone also in a position to detect whether you're under duress and to do something effective about it, including deny access to the box, trip silent alarms, and gain the highest priority attention from law enforcement in the fewest words). Hmmm... now there's an idea. I wonder if they would have a power plug in the same area where the deposit boxes are made available? If not, I could always just take a battery with me. Potentially, I could put cold storage on a netbook-type device (with paper and USB backup), then stop by the safety deposit box with a USB key to sign transactions as necessary. If no power is available, I could simply take the battery home and charge it (assuming I had two of the same netbooks), then bring it with me to conduct the transactions. A bit of a hassle, but doable. I've never used a safety deposit box. Are they typically available 24/7? Can they fit a netbook inside? |
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Thanks for all the input!
It looks like, at this time, I will be unable to conduct this Bitcoin business that I had wanted. No solution presented thus far is "good enough" for me (I don't want to deal with a second person), and I don't want anyone showing up at my door, strong locks and firearms or not.
Really, an online solution of some sort with insurance sounds better. But I doubt Bitcoins are something that any insurance company would want to insure...
Maybe another day, I'll find a good solution. For now, I'll hang on to the idea and the IP associated with it.
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The conspiracy video I have mentions something about a work crew suddenly conducted some emergency repairs of the structure (or something along those lines, it's been a while since I've watched it) a week before the towers were hit. If that's true, it would be an opportune time to conduct such a feat.
There was an elevator renovation going on, with something like 90 workers from the Ace Elevator Co. in the buildings in the weeks leading up to 9/11.  I rewatched the video last night because this thread got me curious again. It stated that some large 24/7 security teams (or so they claimed to be) were assigned to the structure 3 weeks prior to the attack, due to bomb threats. Then, bomb sniffing dogs were abruptly removed 1 week from the attack. Probably just a coincidence, but interesting nonetheless. Seriously, everyone interested in this on either side of the debate should watch that video. Lots of it is coincidental, but it brings up some interesting points with detailed documentation to show for it. |
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Raralith, what is an AT&T MVNO? Call me intrigued. I've only been fine with being locked in a contract because I've never had a reason to switch. All the cheaper companies are cheaper for a reason (worse service). If MVNO is some acronym for a company that uses AT&T's network, but is cheaper, then I'll definitely check in to it.
Right now, my contract is about $80/month (base $50 + $30 for 3GB data). I don't pay for texting, since I can do it for free through my data plan. Add my wife's phone (base $10 + $25 for 2GB data), and it's about $115/month, + all those garbage nickel-and-dime-ya fees.
Here's the thread that got me started which has all the details. http://forum.xda-developers.com/showthread.php?t=1455014TL;DR version: MVNO stands for "Mobile Virtual Network Operator." Straight Talk is a MVNO for both AT&T and T-Mobile so they use their respective towers (based on your location) instead of setting up their own towers, buy spectrum, go through the FCC, etc... AT&T sells voice and data at bulk/wholesale rates to Straight Talk which than retails prepaid service to their customers. It's cheap because 1) Straight Talk buys at the bulk/wholesale rate so they get a much better price (think a family plan with 100,000 add on's vs. 100,000 individual plans), 2) they have much smaller customer support staff and hours, and 3) they don't subsidize phones. Pretty much every carrier has MVNO's, some are priced better than others, and there are "tiers" of service. AT&T is more than happy to do this because they are making money from MVNO's, they get a cut from their customers (essentially I am still paying "royalties" at AT&T per say), and they charge MVNO's "fees" that are in the 5-6 figure range. My wife and I left AT&T with our $130 contract, 2 iPhones on the grandfathered unlimited data plan, and text for her to a pair of $45 unlimited Straight Talk plans. We save $40/month * 24 months = 960 which is a fraction better than the subsidized savings of $860. The added benefit though is that we can sell our unlocked phones anytime we want and buy a new one without a prorated $350 ETF, and an iPhone 4S is worth more 1 year than it is 2 years so I can easily sell my "old" phone and use it as a down payment for a new phone. Overall, it's pretty damn sweet and I am very happy. That does indeed sound slick! I'm going to definitely check in to that next time my contract is up before I renew. |
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casascius - it seems you misunderstood my intent. I am not looking for long-term storage. I would need to have the cold storage transactions signed every 24 hours. If I had to drive to do it, then I could make that happen, but having to gather pieces every day, then redistribute them would seem highly impractical. Sorry if I did not make this clear in my OP.
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So what did Vlad do that is wrong? Matt indicated he had cut including ownership of BitTalk. Guess that was yet another lie made by Matt. If Vlad uses his defaulted obligations as leverage to boost him from the company before he does anymore damage I don't see a problem with it. Honestly I am not sure what the problem is? Matt hasn't repaid the debt because he feels nobody is in a posistion to collect. Vlad believes he is in a posistion to collect. Selling debt to "stronger hands" happens all the time, everyday, all around the world. Vlad likely wants Matt far far away from the company he is a part owner. Can you honestly blame him? Matt has already done significant damage and if it comes out later that Matt still owns a significant stake that will be another blow to the company. Obviously depsite his "apology" Matt is looking to play hardball and Vlad see his debt as a method to gain leverage. It is called "big boy business". Also Goat posting PM publicly?  They are called PRIVATE Messages for a reason. Nobody is saying it is criminal but it is downright scummy. Your actions indicate you don't care if a conversation is private you are just going to violate that privacy when you feel like it. Kinda sends a message that nobody should ever do business with you and nobody should ever tell you anything in confidence.TL/DR: "snitches get stitches" j/k This misses a very critical legal point. Does BitTalk and Vlad have right of offset on Matt's debt? If I were in Vlad's position I would be getting legal advice pronto. Seriously. Otherwise Matt could potentially bankrupt BitTalk over this. Maybe I'm just a noob at this, but HOW? |
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I've thought a lot about a potential Bitcoin business I could start that would be handling people's Bitcoins (albeit for no longer than 24 hours at a time). Given the number of hacks, and the fact that I am far from an expert on security, this scares me to death. The only solution, in my mind, is to keep 100% of coins in cold storage, create transactions from an online machine, and have the cold storage offline machine sign the transactions on a USB stick (Armory's method). For the purposes of my business idea, this should be acceptable.
But here's the problem: People know where I live (or could easily find out, as I make little effort at hiding my offline identity). If I have thousands of Bitcoins on hand, and people know that, then I fear I would be making myself a target for home invasion.
Any suggestions?
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I'll second this proposal.
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You don't like the built in export function?
Lol, for some reason I completely missed that large button. Thanks, sorry for the useless thread. |
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Is there any way to export or copy the transaction detail from Bitcoin-QT into Excel or a CSV file?
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That Purdue paper is very cool. I would love to see the actual simulation. It does help to see that steel heating up loses strength slowly. According to their graph, it starts rapidly losing strength around 500C, and is down to around 20% strength at 700C. So if some of the support columns are at 600C, and some are at 700C, they're all pretty close to collapsing, and if some of the 700C ones go, it could take the 600C ones with it. Here's an interesting site I just stumbled upon with loads of calculations if anyone is interested: http://911research.wtc7.net/mirrors/guardian2/wtc/how-hot.htmOh, and here's the 700MB 9/11 conspiracy video. It's older, but brings up some good points. Would love to hear some counterpoints! http://www.filehosting.org/file/details/374562/9_11_Conspiracy.aviEDIT: Ugh, that's a terrible file hosting site. What's better? |
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OK, if not crazy then just misguided. They already know in their hearts it's a conspiracy so when they work the data it ends up agreeing with what they already knew to be "true". Yes there are government cover-ups and fabrications but it is impossible to do something on this scale without someone talking. Someone involved will have an ego and will write a book or give an interview. It's like the moon landing conspiracy. If it really was faked why haven't they faked it again or faked landing on Mars? On 9/11 almost 3,000 people died. Someone would have a conscience and come forward. I'm not saying the government didn't use 9/11 for their own benefit (PATRIOT ACT, Iraq, etc...) but to say that this was an orchestrated event and no one noticed the preparations is silly. Hell, they may have known it was coming and let it happen but the controlled demolition story is beyond ridiculous. How do you drill holes and plant charges in one of the busiest office complexes in the world while it is operating and have nobody notice anything? Have you seen our government working? They couldn't pull off 9/11 even with the blessing of the American people.
The conspiracy video I have mentions something about a work crew suddenly conducted some emergency repairs of the structure (or something along those lines, it's been a while since I've watched it) a week before the towers were hit. If that's true, it would be an opportune time to conduct such a feat. I do agree that it would be incredibly difficult to cover it up if it was some sort of inside job just because someone with a conscience would come forward. Then again, who would want to admit taking part in helping to kill 3,000 people? Still, it seems someone would have come forward by now. How many people would have to be involved in a cover-up like this, and none of them have come forward? That said, the thing that is most suspicious to me is how quickly and perfectly the buildings fell. I can't imagine that all of the beams in the structure were heated up to the same (failure) temperature at the same time. And if they weren't, then the failing beams vs the beams not heated to failure should have caused the buildings to topple sideways, not straight down. Then again, I'm not an engineer by any means, so maybe it's the sort of "straw that broke the camel's back". If one out of 16 beams fail, then the other 15 can't hold the weight or something. I don't take sides on this. To me, there isn't conclusive evidence one way or another. |
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Raralith, what is an AT&T MVNO? Call me intrigued. I've only been fine with being locked in a contract because I've never had a reason to switch. All the cheaper companies are cheaper for a reason (worse service). If MVNO is some acronym for a company that uses AT&T's network, but is cheaper, then I'll definitely check in to it.
Right now, my contract is about $80/month (base $50 + $30 for 3GB data). I don't pay for texting, since I can do it for free through my data plan. Add my wife's phone (base $10 + $25 for 2GB data), and it's about $115/month, + all those garbage nickel-and-dime-ya fees.
@ D&T - As to WHY I chose the iPhone... well, I used to like to fiddle with electronics. I'd modify everything I could on my phone, overclock my computers, etc. Then I got older, and I stopped enjoying fiddling, and more just wanted a device that worked all the time. I suppose it mostly has to do with me having very little time to fiddle anymore. So, yes, while I agree that an Android device is very well suited to someone who loves to fiddle, I can't say that they are well suited to someone who doesn't. I haven't tried one myself, mind you, but I've asked MANY android owners about it, and none of them recommended me anything but the iPhone if I wanted something that "just works" all the time.
Certainly, Apple's stance on Bitcoin apps has swayed me a bit, but I also have a vested interest in staying on the iPhone if for no other reason than compatibility with my family. Both of my sisters and their husbands have iPhones, my mom does as well, and a few other relatives. I can text all of them for free using the built-in app. Videos, pictures, etc. Also, the facetime app... If I got an android phone, while I could still probably use google voice to text, it wouldn't be as convenient, and wouldn't let me text pictures and video, nor use the facetime app with my family.
I'm still not certain what I will do come the next time my contract is up for renewal, but it's likely I'll go the iPhone route again. It's something that I know, that I have no complaints with (aside from the Bitcoin app issue), and that I really don't have any reason applicable to my usage to switch to anything else.
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In Second Life you have fun in the different worlds and...that's all.
In EVE you fight. You fight for resources, for control of systems, for supremacy. You have thousands of players busy in different alliances to produce EVERYTHING they need, from the simplest frigate to the most complex super-capital ship and space stations. You must conquer and hold systems, exploit moons, get hundreds of different resources. And you can't do that alone, this is not World of Warcraft where you must go farm the instances to drop the super sword because it's "bind on pickup" and you can't buy it. Thousands of ppl specialize in different things. If you want a super capital ship you don't have to produce it yourself, you can just buy it. Who produce them don't have to mine the minerals, they just buy them, make the ship and sell it. And so on.
In my opinion this simulate much better the free market than second life. An alliance risk to disappear if the leaders are so fools to lose their money in a ponzi scheme. So not only they lose money but you see other alliances exploiting this to destroy them
Ok, I see what you're saying, and fair enough. In second life, the activities are limited to only pacifist ones. Eve gives more freedom and more activities, including those relating to warfare and clanship, which results in a better-simulated economy. I can agree to that. |
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I've never actually tried it myself, though I've always used an electric shaver anyway (which doesn't need it as much?)
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How do you explain the absence of a blast sound? And what's wrong with NIST changing their explanation when made aware of facts that contradict their previous explanation? Isn't that what they should do?
I don't. I trust my eyes and my common sense over the pronouncements of government agencies. There are videos that purport to have sounds of detonations on them. I'm sure you could find them and make up your own mind. I spent my younger years (long ago) as a builder. The chances of all supports in any building failing at the same time so as to cause symmetric collapse is unheard of unless they have some help. It happened three times on 9/11. Too much for me to swallow. I've always kind of wondered why they came straight down, and didn't topple to one side or the other. |
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As far as i know Second Life doesn't have a real "economy". Yes you can buy linden dollars and give them to other ppl in exchange for something, but this isn't an economy, it's just "buy from linden labs, give to player"
If we consider the MMO world and we want a real Economy, then we must consider EVE Online. It even has scams. And the ingame money has a value because people will give you euro/dollar/bitcoins to get it to build fleets and armies, not just because linden labs says "it is worth xx"
Bad argument is bad. Second Life and EVE currencies are almost identical, and I'm not sure why you are trying to separate the two. - Both currencies can be exchanged for real-world fiat. - Both currencies can be used to buy virtual in-game items. - Both currencies have (or used to have) investment scams, HYIP's, and all the good stuff that goes along with unregulated monies. - Both currencies have value. |
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