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3641  Bitcoin / Press / [2016-04-22] VG247: Steam to start accepting Bitcoin – report on: April 22, 2016, 10:08:04 AM

Steam to start accepting Bitcoin – report

http://www.vg247.com/2016/04/22/steam-to-start-accepting-bitcoin-report/

Quote
The Steam storefront is going to start accepting Bitcoin payments in the near future. Initially reported by PCGamesN, Valve has revealed the move to developers on the Steam developer forums.

These forums are not accessible to the public, but a screenshot of Valve’s post has since appeared on Reddit. The company is using an “external payment provider” to process Bitcoin payments, according to the post.

“Bitcoin is becoming an increasingly popular online payment method in some countries, and we’re enabling a system that insulates partners from risk and volatility while still providing value to the end customer,” wrote Valve.

Customers who wish to use this option will be charged the price already set in their local currency. The mediator will then convert that amount into Bitcoin based on a daily exchange rate.

“So the user pays [the amount] in Bitcoin, and the [payment provider] pays [Valve] in traditional currency. At no time does Valve receive or hold Bitcoin,” continued the post.

According to Valve, this process removes the need for developers to keep track of Bitcoin prices, while at the same time makes their games available to buy using one more currency.
...
3642  Bitcoin / Bitcoin Discussion / Re: Gavin Andresen's AMA on 8btc 21th April on: April 21, 2016, 09:27:37 PM

Questions and answers translated:

https://docs.google.com/document/d/1p3DWMfeGHBL6pk4Hu0efgQWGsUAdFNK6zLHubn5chJo/edit?pref=2&pli=1

Thanks to cnLedger
https://twitter.com/cnLedger/status/723156199777046529
3643  Other / Beginners & Help / Re: Transaction fees on: April 21, 2016, 12:17:45 PM
So until approximately year 2140, every new block generated will be with fixed reward (x BTCs per block generated reward). But after this date, block will be generated but with no reward at all. however, those blocks will still collect transaction fee.

Am I missing something? 

Correct.

Although 'fixed' block rewards will likely become irrelevant long before year 2140. 90% of the 21m total supply will be mined in ~2021-2022. See this for reference:

https://en.bitcoin.it/wiki/Controlled_supply

The initial idea was the hope that Bitcoin usage will grow significantly to the point when transaction fees will become sufficient incentive for miners to carry on.

Although, with currently dominating vision of keeping small blocks and pushing users off the blockchain, I don't know what's the long term plan (if there's any).
3644  Bitcoin / Bitcoin Discussion / Re: btc address to locate someone on: April 20, 2016, 10:30:02 PM
Hello guys, is there any way to locate someone by his bitcoin address?


Yes.

Suppose someone posts their address in their signature. And then use the same username on other social media sites. With careful trawling of other sites, you can glean clues to who they are. Some people's Facebook profiles list the school they went to, the university they went to, where they live. Plus they post pictures of themselves, so you can pinpoint them with facial recognition technology. You can even entice them into an email correspondence - and most people have their real name on their email profile. For example with yahoo, even though your email will say cutepseudonym@yahoo.com, when you actually receive an email from the person, their name is at the top...

Put all that together, and you have matched the identity to the email address and their bitcoin address.

Other way is to trace transactions and wait until 'wanted' person purchases some physical goods involving shipping. Then you could ask/bribe/trick/harrass merchant (especially smaller one) to provide you the person's details.
3645  Economy / Games and rounds / Re: OPEN - CoinFestUK Raffle - All proceeds to RNLI on: April 20, 2016, 10:15:56 PM

Buying some more tickets as promised, 21 this time:

https://blockchain.info/tx/da646d13ac88019dd8215634fd813915168556700ed0f5d4ddb7106d1b147ae6

That's total of 46 for me.
3646  Economy / Service Announcements / Re: Dutyfree.io - Buy cheap cigarettes with Bitcoin on: April 20, 2016, 09:33:13 AM

If you are in Australia I wouldn't bother.  Around 80% of the cigarettes I have ordered have been seized by customs and I have lost quite a bit of money trying.   Sad

Well, if it's true that even when paying duty, the cigs costs bit less than standard retail price, then I don't see how you could lose any money. Paying duty on those 80% seized and receiving 20% duty-free still gives you decent savings.
3647  Bitcoin / Bitcoin Discussion / Re: #BitcoinSurvey 2016 seeking participants - 1.25 bitcoin in rewards on: April 20, 2016, 08:03:52 AM
I'm confused, how do I take the survey?

Same question. Can't see a link to the actual survey, just the introduction + FAQs.

I'm guessing it's not yet opened and this is just an announcement.

I'll be happy to take part in it.
open link on first page,you will direct to survey page.
i think this is good surveey to knowing that bitcoin has develop better in Ireland,i wish some europan countries follow this step to get accurate and sasified respond.

When I made that post the survey wasn't live. OP got it fixed shortly after and I completed it. Thanks anyway.
3648  Economy / Games and rounds / Re: OPEN - CoinFestUK Raffle - All proceeds to RNLI on: April 20, 2016, 07:44:13 AM
Two days left until our raffle ends, thanks to everyone who has contributed!

So far 0.167 BTC raised, not bad but could be better. I'll buy some more tickets later today.
3649  Bitcoin / Bitcoin Discussion / Re: #BitcoinSurvey 2016 seeking participants - 1.25 bitcoin in rewards on: April 19, 2016, 11:03:46 PM

OK. Completed. All worked fine, bit shorter than expected.
3650  Bitcoin / Bitcoin Discussion / Re: #BitcoinSurvey 2016 seeking participants - 1.25 bitcoin in rewards on: April 19, 2016, 08:47:01 PM
I'm confused, how do I take the survey?

Same question. Can't see a link to the actual survey, just the introduction + FAQs.

I'm guessing it's not yet opened and this is just an announcement.

I'll be happy to take part in it.
3651  Bitcoin / Bitcoin Discussion / Re: f2pool denied pool collusion that led to bitbet's receivership on: April 19, 2016, 12:31:02 PM

Some context would probably be useful:

http://bitcoinist.net/bitbet-falls-victim-to-strange-bitcoin-double-spend-behavior/

Quote
Double-spending in the Bitcoin world is becoming a very rare occurrence, but that doesn’t mean it is impossible to pull off this type of attack. BitBet, an online gambling platform, fell victim to such an attack earlier today as a result of several of their transactions not being included in the Bitcoin Node mempool. This entire situation is sparking a lot of debate and conspiracy theories as to why one particular transaction was broadcasted twice on the network, although it is rather a stretch to claim malicious intent at this stage.
...

This fifth Bitcoin transaction used different inputs, yet the same outputs as all of the four previous transactions. Lo and behold, this transaction was picked up by Bitcoin nodes rather quickly and confirmed within thirty minutes. The issue got finally sorted, and the winners got their payouts as promised, albeit with a slight delay.

Imagine their surprise when they received a second transaction shortly afterwards, which was the very first transfer sent by BitBet. That transfer had gone unconfirmed for close to a week now, and suddenly got broadcasted by Bitcoin Nodes. It remains unknown as to why this transaction was re-broadcasted, or who was responsible for this event, but it has cost BitBet a fair amount of money.
 

very strange situation indeed.
3652  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [ANN][EXCHANGE] Poloniex - Crypto Exchange with BTC/NXT on: April 19, 2016, 08:14:13 AM
Big thanks to the Poloniex support team.
Some days ago my girlfriend has lost her password, 2FA application and all backup notes after her smartphone got an OTA update and went in to bootloop. Now, thanks to support again, access to her account is resumed and backup notes has made in a separate place.
On upcoming weekend we have scheduled a military exercises how to use backup to restore 2FA if your smartphone is lost or destroyed.
Smiley

You're not using your girlfriend's personal details for your own accounts to avoid taxes, are you?  Wink
3653  Bitcoin / Press / [2016-04-18] EconoTimes: Indian Bitcoin Exchange Coinsecure Raises $1.2 Mln... on: April 18, 2016, 09:34:52 PM

Just another Coinsecure press hit

Indian Bitcoin Exchange Coinsecure Raises $1.2 Mln In Series A Funding

http://www.econotimes.com/Indian-Bitcoin-Exchange-Coinsecure-Raises-$12-Mln-In-Series-A-Funding-196440

Quote
Coinsecure, the leading Indian Bitcoin trading platform, has announced that it has secured $1.2 million as part of its ongoing ‘Series A’ investment round, opened in January this year.

The funding round is expected to be closed soon and upon completion, the company has plans to enter the Blockchain based enterprise solutions domain. Mohit Kalra, the Founder and CEO of Coinsecure, said:

“The funds raised by the company will be used to expand the company’s reach in both domestic and international markets. Coinsecure will also be using these funds to further explore global markets and to introduce Ethereum and other Blockchain innovations.”

Founded in July 2014 by Mohit Kalra and Benson Samuel, Coinsecure launched its Bitcoin exchange on January 1, 2015. The concept of cryptocurrency is very new in India and the company has been working on bringing legitimacy to this emerging technology. Coinsecure started off with the mission of “Connecting India to Bitcoin” and is now gradually shifting towards “Building the Bitcoin and Blockchain Ecosystem in India”.
...

Link to coinsecure: https://coinsecure.in/
3654  Bitcoin / Press / [2016-04-18] YS.com: Delhi-based Bitcoin startup Coinsecure raises $1.2M angel.. on: April 18, 2016, 09:25:04 PM
Delhi-based Bitcoin startup Coinsecure raises $1.2M angel funding to foray into global markets

http://yourstory.com/2016/04/coinsecure-funding/
Quote
Bitcoin trading platform Coinsecure has raised over $1.2 million from a group of undisclosed angel investors from India. The company said this fund raise is part of its ongoing Series A round.

The funds will be  utilised to expand the company’s reach in both domestic and international markets, and introduce Ethereum and other Blockchain innovations. The funds will also go into strengthening the marketing and engineering teams, increase the banking partners and develop the app, which will be launched by the end of this month. The company also plans to increase the number of employees from 20 to 30 by the end of this year.
...
3655  Economy / Gambling / SafeDICE.com ★ Bitcoin Dice ★ Monero ★ 0.5% Edge ★ Fast Cashout ★ Since 2014 on: April 18, 2016, 11:30:03 AM
Quote
I'm not an expert, but wouldn't capping the max profit (at 20%, 30% or even 50% of current bankroll) solve the issue?

What is the issue exactly?

Player being able to win almost entire bankroll in a single bet.
3656  Other / Beginners & Help / Re: Transaction fees on: April 18, 2016, 10:39:24 AM
thanks for your reply.

your answers are contradictory. Who is right between Amph and alyssa85? Even if the number of BTC is finite is the number of blocks infinite?

Alyssa85 is right, not sure where Amph got the idea of finite number of blocks. ~2140 is an estimate of last block with fixed reward.
3657  Economy / Gambling / Re: 🌟2016's Best Bitcoin Gambling Site Award!🌟 on: April 18, 2016, 10:20:59 AM
to me it's fortunejack, because it has a unique style to treat bets in bitcoina and altcoins the "only" way, nothing linked with CC or skrill, or something like that... purelly to btc and altcoin community player...
...

FJ did accept cc/fiat payments through different processors (think Skrill was one of them) in the past. Not sure whether they removed such option (can't access the site to check this).

I don't see how providing less deposit options is a disadvantage. The more the better.
3658  Economy / Games and rounds / Re: OPEN - CoinFestUK Raffle - All proceeds to RNLI on: April 18, 2016, 09:31:24 AM
We have donated the funds (0.057BTC) from our floppy disk raffle challenge to this raffle...

To clarify, this amount is not counted towards the raffle tickets, just an extra donation.

So, so far, the total amount is BTC0.132 BTC, while the 'raffle amount' is BTC0.075 (75 tickets).
3659  Economy / Gambling / SafeDICE.com ★ Bitcoin Dice ★ Monero ★ 0.5% Edge ★ Fast Cashout ★ Since 2014 on: April 18, 2016, 08:19:51 AM

1) I already reached out to Anton, gave him my reasoning , what happened from my point of view, and another theory of this chaos

So what's the most likely scenario of what happened from your perspective? Is he simply lying, or was it a case of compromised account (and email?).

4) I'll change the way the kelly system works to avoid similar things happened in the future

I'm not an expert, but wouldn't capping the max profit (at 20%, 30% or even 50% of current bankroll) solve the issue?
3660  Other / Politics & Society / Saudi Arabia threatens to dump USD denominated assets on: April 17, 2016, 07:58:15 PM

Saudi Arabia Warns of Economic Fallout if Congress Passes 9/11 Bill

http://www.nytimes.com/2016/04/16/world/middleeast/saudi-arabia-warns-ofeconomic-fallout-if-congress-passes-9-11-bill.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=first-column-region&region=top-news&WT.nav=top-news&_r=0

Quote
WASHINGTON — Saudi Arabia has told the Obama administration and members of Congress that it will sell off hundreds of billions of dollars’ worth of American assets held by the kingdom if Congress passes a bill that would allow the Saudi government to be held responsible in American courts for any role in the Sept. 11, 2001, attacks.
...
Adel al-Jubeir, the Saudi foreign minister, delivered the kingdom’s message personally last month during a trip to Washington, telling lawmakers that Saudi Arabia would be forced to sell up to $750 billion in treasury securities and other assets in the United States before they could be in danger of being frozen by American courts.

Pass. The. Bill.



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