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401  Economy / Lending / Re: Bryan Micon's List of BTC Ponzi Schemes that should not be listed as "Lending" on: August 07, 2012, 12:44:18 PM
Pirate and his cronies

Please, who are his cronies?

You're obviously one of them!

 Cheesy
402  Bitcoin / Bitcoin Discussion / Re: Statement about the suspect of recent Bitcoinica hack on: August 02, 2012, 12:47:37 PM
What's all this I hear about a "criminal relic collector"?


 Huh



403  Economy / Lending / Re: Want to invest 800BTC on: July 30, 2012, 05:30:46 PM
I want to invest about 800BTC long term(at least half a year) and risk free. low risk

I found some deposit takers. Please help me decide.
Mybitcointrade  9% monthly  10%(per month) bimonthly   https://bitcointalk.org/index.php?topic=81357.0
HashKing  1.90% (Weekly, compounding?) bimonthly           https://bitcointalk.org/index.php?topic=66802.0
Starfish BCB      4.4% monthly                              https://bitcointalk.org/index.php?topic=61262.0  


Help me choose. Thank you.

PS: Based on what does PatrickHarnett rate the deposit takers in who pays what thread?https://bitcointalk.org/index.php?topic=81542.0

Spread it around, and open up a GLBSE account, research everything there and buy a little of everything with a good track record (dividends, verified, whatever seems important to you).  Diversify.  So if some rob you, the high rate from the other's will compensate.  Everything bitcoin is high risk - which is why the interest is so high.


But then what if something happens to GLBSE?

GLBSE may seem like a good way to "diversify" by buying different "bonds" and "stocks" and such, but GLBSE is still one possible point of failure/scam.
404  Economy / Lending / Re: Want to invest 800BTC on: July 30, 2012, 02:07:23 PM
So all those "100% guaranteed Automatic Payout" are just lies?  I'm too simple to naive?

They aren't necessarily "lies", they just aren't "risk free".
405  Economy / Lending / Re: Want to invest 800BTC on: July 30, 2012, 01:45:31 PM
The closest you are going to get to "risk-free" is to hold your coins yourself.
406  Economy / Trading Discussion / Re: Interesting conversation with a retailer who formerly accepted Bitcoin on: July 27, 2012, 02:36:39 PM
I have tried to get people to accept it but they also think its overly complicacted, cumbersome and hard to manage and risky 
( all of which any new payment would have anyway )

the one person i know who does accept bitcoins is only accepting them as an "investment" (he knows they will be worth more in 5 -10 years than now )but not as a currency

this is another problem ,everybody cant just hoard coins hoping the value goes up  ,as addictive as it might be  Cheesy

they have to be traded constantly and thats just not happening enough ,its been said before but if you had a 5 dollar note and a bitcoin in your pocket you would buy your  lunch with the 5 dollar note


the bitcoin needs spendability,outside of silkroad and tax evasion if its ever going to fulfill its potential as a  serious currency 


it's called "Gresham's Law"...
https://en.wikipedia.org/wiki/Gresham%27s_law

Quote
Gresham's law is an economic principle that states: "When a government compulsorily overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation into hoards, while the overvalued money will flood into circulation."[1] It is commonly stated as: "Bad money drives out good", but is more accurately stated: "Bad money drives out good if their exchange rate is set by law."

This law applies specifically when there are two forms of commodity money in circulation which are required by legal-tender laws to be accepted as having similar face values for economic transactions. The artificially overvalued money tends to drive an artificially undervalued money out of circulation[2] and is a consequence of price control.

407  Economy / Lending / Re: Bryan Micon's List of BTC Scams and Ponzi Schemes on: July 24, 2012, 12:48:37 PM
So what if some people here are trying to start a bitcoin social security system.
408  Bitcoin / Development & Technical Discussion / Re: Milestone crossing for the official bitcoin client on: July 20, 2012, 06:21:10 PM
All clients will reject blocks larger than 1MB as invalid.

Changing this is known as a "hard fork" change, something to be avoided because it knocks old clients off the network, limiting their access to their own bitcoins, and creates other technical problems.
I'm struggling to understand how this is not viewed as an impending catastrophe for Bitcoin. 1MB can only hold so many transactions, and there are already some blocks that are half that size. That would seem to mean that transaction volume can barely double from today's puny number before transactions are queued up for ages or even discarded unless they have juicy transaction fees. Of course a hardfork is highly undesirable, but don't you think it will have to happen, eventually?

I agree... this sounds like quite a problem.... ?
409  Other / Beginners & Help / Re: HOWTO: create a 100% secure wallet on: July 20, 2012, 06:17:06 PM
I'm on Linux, so I am not worried about virus attacks.  I back up my wallet.dat regularly to several pen drives.

Question:  I am mining so I usually have 4 or 5 transactions awaiting another 100+ block solves before they are confirmed.  Let's say I backup my wallet and something happens / need to restore it.  If I restore the a .dat - that was backed up with 4 partially confirmed transactions, will they be reconfirmed or lost?

Thx



They would be confirmed.
410  Alternate cryptocurrencies / Altcoin Discussion / Re: Is litecoin a good idea? on: July 20, 2012, 06:01:23 PM
Litecoin is the Christian rock of crypcoins. I'm sure there are people who believe in it, but just because you can doesn't mean you should.

That's a fun way to put it! Haha.
411  Bitcoin / Bitcoin Discussion / Re: To receive coin on: July 20, 2012, 12:08:51 PM
Depending on how long you've been verified on Dwolla

Yup, that's the kicker.  Lots of new accounts sign up with Dwolla then get frustrated after they finally have a verified account with funds in it only to learn that they can't do anything with it for 30 days.

Soo .....

If you have Dwolla then you are presumably in the U.S.  If you are in the U.S., you might have a Chase bank branch nearby.  If you do, then there is no faster option, nor cheaper, than BitFloor using this cash deposit method.

Then once you get past your 30 day probation on Dwolla, then you have a bit more options.  But Bitfloor will probably serve you quite well.

Bitfloor for the win.
412  Bitcoin / Bitcoin Discussion / Blockchain.info "firstbits" changing/disappearing?! on: July 19, 2012, 08:15:30 PM
I went to check a balance on blockchain.info and I used the firstbits previously given by blockchain.info for said address, and the firstbits were not found. I tried several different bitcoin addresses which were previously given "firstbits" by blockchain.info, and some "firstbits" were no longer there, and some were changed (shortened).

Any idea why?

413  Other / Beginners & Help / Re: Glbse question on: July 19, 2012, 05:05:01 PM
Click on "dividend payments" to see a history of previously paid dividends for that item.
414  Other / Beginners & Help / Re: Free Mt. Gox Yubikey on: July 19, 2012, 03:34:47 PM
lol... the first guess wins it!
415  Economy / Trading Discussion / Re: [ANN] bitfloor cash deposit, ACH withdraw, and wire transfers on: July 19, 2012, 01:21:38 AM
Looks like Chase isn't fee-free anymore. Logged in, put $20 in the cash deposit form, and got this:
Visit any Chase branch location within 24 hours and fill out a deposit slip with the following information to be credited. The amount MUST be the exact amount listed.
Account name: Bitfloor
Account number: 467594151
Cash Amount: $20.31


No... that $0.31 is so bitfloor will know to which account they should deposit the funds.
416  Other / Politics & Society / Re: Who are the REAL money launderers? Seriously. on: July 18, 2012, 03:54:32 AM
You guys are mad at banks for the wrong reason. HSBC shouldn't be faulted for "laundering" money. Laundering money is not immoral.

I wish MORE banks would stick to banking instead of acting as police agents, spying on customers, freezing accounts, and causing financial delays. HSBC should be applauded for their efforts here. There are plenty of things to get made at banks about... this ain't one of them Smiley

Yeah, but when the "big guys" have a different rulebook than the "small guys", it's a little different.

A bank may not stop multi/million/billion "deals", but I have a feeling that they might fill out an SAR just if some little guy were to walk in the bank with cash and a Ron Paul shirt.

So, to clarify, my problem with the banks (in this instance; I have more problems with banks than this... lol) is that they seem to enforce a double standard by which the super-wealthy may maintain their wealth and privacy without molestation and whereby the little man is punished with unreasonable fees and bank tellers who double as taxmen and government agents.
417  Other / Beginners & Help / Re: Free Mt. Gox Yubikey on: July 18, 2012, 03:43:28 AM
69?
418  Economy / Lending / Re: Looking for 30 BTC on: July 17, 2012, 11:05:18 PM
oic.

And as for, why is he posting in Lending?

I heard this was a place to come to if you wanted coins and had absolutely no intention of paying back.  At least I try to contribute to the forum, even if I sound like a broken clock sometimes.

Where is your picture with a pineapple on your head?

We ran out of shoes???

It's easy to rent a shoe/head stand-in.  You don't even know if it's their own shoe (identity theft - check the shoe size).

And as Tomatocage said, some asshat stole his pineapple - maybe that's why he needs donations and litecoins was just a lame excuse to hide the real reason to ask for 30 BTC.  Still, a 30 BTC pineapple would be impressive.

Well, it has to be big enough to live in!

 Cheesy
419  Local / Discussions générales et utilisation du Bitcoin / Re: Vidéos en français sur bitcoin on: July 17, 2012, 09:46:12 PM
J'aimerais savoir si il existe une traduction française du vidéo What is Bitcoin ?

merci

Je pense que non et c'est dommage.

 Cry
420  Bitcoin / Meetups / Re: Look at a pirate, eye to eye if you dare. on: July 17, 2012, 09:39:48 PM
Damn I would love to go (just a 3 hour drive from LA) but I gotta pick up the wife from the airport.  Once in a lifetime event.... if I don't pick her up it will be the end of my life  Wink
Call her a cab Tongue

Or a limo, as a further attempt to avoid the doghouse.
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