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4061  Other / New forum software / Re: The 1.5 million dollar (5067 bitcoin) new bitcoin talk forum. on: April 07, 2015, 09:02:57 PM
Matthew is that you? Roll Eyes  lol
4062  Bitcoin / Bitcoin Discussion / Re: How much is the Bitcoin Foundation worth ? on: April 07, 2015, 04:20:51 PM
That's pretty good pay considering.....

Quote
Average Computer Programmer Pay vs. Other Best Jobs

Computer programmers made an average salary of $80,930 in 2013, which is less than some of the other Best Technology Jobs. Few can compete with the hefty $132,570 average salary of an IT manager. Still, the pay for programmers is comparable to salaries of similar occupations on our list. For example, database administrators earned an average of $80,740 in 2013, and Web developers earned a mean salary of $67,540
4063  Bitcoin / Bitcoin Discussion / Re: How much is the Bitcoin Foundation worth ? on: April 07, 2015, 03:59:54 PM
They are a part of bitcoin core development, so it sucks to see them like this, it would be best that lets say 10% of the transaction fees go to them, but
that would mean a centralisation of some sort, and we all know how you guys react to that..
If they get donations, like they should from big bitcoin companies that also depend on them, they should be fine, but donations are a temp fix, so i still think that % of the transaction fees is the best way to go.

cheers

Better yet, let's just redesign Bitcoin to pay a percentage of the block reward to TBF forever and lock the reward amount at 25 btc.

Dude, you can't be serious about the transaction fees, right?
4064  Bitcoin / Bitcoin Discussion / Re: How much is the Bitcoin Foundation worth ? on: April 07, 2015, 03:50:11 PM
Their worth: worthless.

Their money came from the membership fees of people recruited on this forum. At the time they were funding their little club the people here were gung ho early miners with plenty of btc to throw around. Those guys are gone now. Some of them got screwed out of their vast bitfortunes by scammers like pirate and others grew tired of the BS from the foundation. Hell, some of the scammers and crooks were founders of TBF. At this point, unless they find a gullible benefactor with deep pockets, their chances of getting enough funding to stay afloat are slim.

See this thread for research: https://bitcointalk.org/index.php?topic=113400.0

It always surprises me how much money people will pay to join little clubs or buy titles. Look at the forum here and how many people bought donator or vip status. I know bitcoin was much cheaper back when they bought them but still not worthless and they ended up paying over the odds for a mere title. Bet most regret that now.

Yes, it is funny how important people think those things are. I remember in 2011-12 everyone was preaching about how valuable btc will be some day. They would say it should go to $10,000 each in a few years. But those same people were throwing btc at any group that asked for it. Either they planned to give away $250,000-$500,000 for a membership or they never really believed Bitcoin would be worth very much.
4065  Bitcoin / Bitcoin Discussion / Re: How much is the Bitcoin Foundation worth ? on: April 07, 2015, 03:34:19 PM
1 satoshi Grin

Is bitcoin core going to be abandoned, someone else will take care of bitcoin core development Huh

It should be a volunteer system where coders from around the world work together to maintain Bitcoin. However, there is a greater possibility that self interested businesses making money from Bitcoin will pay coders to maintain the system because it's their cash cow.

Miners have to agree anyway and then their is alts, it really is a low profit avenue to anyone who doesn't have an incredible knowledge of how

everything works,

Of course, I just expect Coinbase, Circle, BitPay, mining farms and others to pay for maintaining the system. Their livelihood depends on it.
4066  Bitcoin / Bitcoin Discussion / Re: How much is the Bitcoin Foundation worth ? on: April 07, 2015, 03:08:02 PM
1 satoshi Grin

Is bitcoin core going to be abandoned, someone else will take care of bitcoin core development Huh

It should be a volunteer system where coders from around the world work together to maintain Bitcoin. However, there is a greater possibility that self interested businesses making money from Bitcoin will pay coders to maintain the system because it's their cash cow.
4067  Bitcoin / Bitcoin Discussion / Re: How much is the Bitcoin Foundation worth ? on: April 07, 2015, 02:42:58 PM
Their money came from the membership fees of people recruited on this forum. At the time they were funding their little club the people here were gung ho early miners with plenty of btc to throw around. Those guys are gone now. Some of them got screwed out of their vast bitfortunes by scammers like pirate and others grew tired of the BS from the foundation. Hell, some of the scammers and crooks were founders of TBF. At this point, unless they find a gullible benefactor with deep pockets, their chances of getting enough funding to stay afloat are slim.

See this thread for research: https://bitcointalk.org/index.php?topic=113400.0
4068  Bitcoin / Bitcoin Discussion / Re: Describe the blockchain in one sentence on: April 07, 2015, 02:26:09 PM
It's a bunch of magic numbers & stuff that only people with glasses and no life really understand.  Kiss
4069  Bitcoin / Bitcoin Discussion / Re: Bitcoin takes the west coast! on: April 06, 2015, 09:24:32 PM
You didn't know that about SF? It's kind of been ground zero for Bitcoin since the beginning. The first time I put names to faces for the people on this forum was at The Future of Money & Technology Summit in Feburary 2011 at the Kabuki in SF. I still have the pictures somewhere. I got to meet Tony Gallippi, Jered Kenna and all the big names at the time. I hope you got to go to Cup and Cakes bakery for some of the best cupcakes in the world available for Bitcoin. Coinbase is located over near AT&T Park. Too bad I didn't know you were going I would have taken you to The Boulevard on embarcadero for lunch (I get a discount because my brother-in-law works there lol).
4070  Bitcoin / Bitcoin Discussion / Re: BurtW arrested on: April 06, 2015, 08:15:50 PM
"The essential principle of totalitarianism is to make laws that are impossible to obey." -- Christopher Hitchens


Just donated $150 to the Libertarian party. If you're in the US I suggest doing the same.

I appreciate the sentiment but that's kind of a waste of money because they can't act quickly and don't stand a chance of winning an election. If you have extra money to donate take a look at the ACLU.

https://www.aclu.org

That's the defeating attitude that will never get them elected. This statement is everything wrong with the current state of politics in the US. I'm starting a couple of businesses and am hoping to be pulling $250k per year, at least. 60% of my income [post taxes] is going to the Libertarian party for the 2016 election.

America has a two party first past the post system.  

You're first sentence is entirely incorrect. No where in the constitution or in election rules does it institute any kind of two-party system requirement. I'm not going to bother reading the rest of your post because I already know that you don't know what you're talking about.

Perfect example; presidential election of 1832 had 4 candidates each taking some part of the electoral college:
http://en.wikipedia.org/wiki/United_States_presidential_election,_1832

Presidential elections are multi-candidate races to hit the simple majority of electoral votes... which is always 50% of the available electoral votes + 1. The current electoral college has 538 electors, a candidate needs to hit 269 (half of 538) + 1 for a total of 270 electoral votes.



I don't really care that much what you throw your money away on but here's some light reading for you from Harvard, Stanford and Berkeley.

http://www.hazlet.org/cms/lib05/nj01000600/centricity/domain/188/toward%20a%20more%20responsible%20two-party%20system%20%28pdf%29.pdf

http://www.shmoop.com/political-parties/two-party-system.html

http://en.m.wikipedia.org/wiki/Two-party_system

4071  Bitcoin / Bitcoin Discussion / Re: BurtW arrested on: April 06, 2015, 04:47:17 PM
Burt, out of curiosity, how much BTC<->USD have you traded, overall?

you have got to be kidding?
LOL, her avatar might as well be a badge or a prison or someone that is clearly wearing a wire.

This is why it is generally advisable not to speak publicly about your case prior to it being resolved as everything you say can and will be used against you. (I am sure everything he talks about is cleared with his attorney ahead of time though)

Wait, I thought Burt was unjustly accused, is innocent & has nothing to hide?  You're making him sound like a cagey money launder  Angry

He's in an active legal battle bonehead. Jesus Christ, why don't you just ask him if he's guilty and feels remorse for his crimes? Hell yes he's innocent but the system is likely going to fuck him anyway.

I simply assumed that an innocent person, who is asking me to donate to his legal expenses ($200,000, allegedly), would be happy to reaffirm his innocence.
If the sums involved are truly paltry, I might see him as a victim.  If we're talking about serious money, then hey, that $200k he's asking me for?  That's simply the cost of doing business, something he should have saved up for Undecided

Whatever you say officer.
4072  Bitcoin / Bitcoin Discussion / Re: DEA Agents in Silk Road Case Face Fraud Charges on: April 06, 2015, 04:33:57 PM
Think about what would happen if the war on drugs ended.. They would have to close down 95 percent of the prisons. They would have to lay off tens of thousands of DEA and other Federal agents. Its too big of a money maker for the government. But maybe they will just start their own silk road and start another revenue stream, lol...

This is why we will never see the end of the war on drugs. I wonder how many people would be out of work? it would start from federal agents, down to all the subcontractors, so im sure the number is huge. But, they can then switch their attention to drug prevention, and rehab. I believe the stats of portugal prove that decriminalizing drugs works, but they dont want us to know. They dont have to make illegal drugs legal, just decriminalize them. its a multibillion dollar a year business for the government. So of course they are against it. Who wants to get rid of their own  job, lol!...

Ill have to look up the exact numbers on how much the government spends on this war on drugs, im sure the numbers will be impressive
..

That's is not a stupid idea!

Quote
Legal marijuana was a $700 million dollar industry in Colorado last year, according to a Washington Post analysis of recently-released tax data from the state's Department of Revenue. In 2014, Colorado retailers sold $386 million of medical marijuana and $313 million for purely recreational purposes. The two segments of the market generated $63 million in tax revenue, with an additional $13 million collected in licenses and fees.
4073  Bitcoin / Bitcoin Discussion / Re: BurtW arrested on: April 06, 2015, 04:24:54 PM
Burt, out of curiosity, how much BTC<->USD have you traded, overall?

you have got to be kidding?
LOL, her avatar might as well be a badge or a prison or someone that is clearly wearing a wire.

This is why it is generally advisable not to speak publicly about your case prior to it being resolved as everything you say can and will be used against you. (I am sure everything he talks about is cleared with his attorney ahead of time though)

Wait, I thought Burt was unjustly accused, is innocent & has nothing to hide?  You're making him sound like a cagey money launder  Angry

He's in an active legal battle bonehead. Jesus Christ, why don't you just ask him if he's guilty and feels remorse for his crimes? Hell yes he's innocent but the system is likely going to fuck him anyway.
4074  Bitcoin / Bitcoin Discussion / Re: BurtW arrested on: April 06, 2015, 04:11:32 PM
Burt, out of curiosity, how much BTC<->USD have you traded, overall?

Hello officer. Have any good donuts with sprinkles today?
4075  Bitcoin / Bitcoin Discussion / Re: BurtW arrested on: April 06, 2015, 04:08:57 PM
"The essential principle of totalitarianism is to make laws that are impossible to obey." -- Christopher Hitchens


Just donated $150 to the Libertarian party. If you're in the US I suggest doing the same.

I appreciate the sentiment but that's kind of a waste of money because they can't act quickly and don't stand a chance of winning an election. If you have extra money to donate take a look at the ACLU.

https://www.aclu.org

That's the defeating attitude that will never get them elected. This statement is everything wrong with the current state of politics in the US. I'm starting a couple of businesses and am hoping to be pulling $250k per year, at least. 60% of my income [post taxes] is going to the Libertarian party for the 2016 election.

America has a two party first past the post system. For the Libertarian Party to be successful it would have to kill one of the other two parties, and that is a very difficult thing to do. To do it they would have to pull voters from the other two parties, voters who are not Libertarians. Which would, in effect, mean that the Libertarian Party would be more like one of the two centrist parties in existence than what it is now.

Libertarians big underlying problem and the one that keeps their party from overtaking one of the two major parties or hijacking one of the ones already in power is there are far too few Libertarians.  Libertarians need to do a better job communicating their message and converting new ideological soul mates, especially minorities, women, and working class white men. Until they do this they will never accomplish anything.
 
4076  Bitcoin / Bitcoin Discussion / Re: BurtW arrested on: April 06, 2015, 02:53:30 PM
"The essential principle of totalitarianism is to make laws that are impossible to obey." -- Christopher Hitchens


Just donated $150 to the Libertarian party. If you're in the US I suggest doing the same.

I appreciate the sentiment but that's kind of a waste of money because they can't act quickly and don't stand a chance of winning an election. If you have extra money to donate take a look at the ACLU.

https://www.aclu.org
4077  Bitcoin / Bitcoin Discussion / Re: Are you fools pathetic - or what? on: April 06, 2015, 02:36:18 PM
It's not just a btc crime. Lots of people go to jail for similar money laundering crimes. When you are a compliance officer that helps someone launder drug money you risk spending a long time in prison. He actually got a pretty light sentence considering how much the Feds wanted to attack anyone connected with Silk Road.

Quote
EL PASO, TEXAS (AP) -- A West Texas man has been sentenced to 10 years in prison for using his car repair business to launder drug money

Quote
Jed Ladin, 67, of Lauderdale-by-the-Sea, pleaded guilty last year to a money-laundering conspiracy charge. He admitted he used his jewelry and precious metals business, Golden Opportunities in Hallandale Beach, to illegally transfer cash to more than 20 people in Mexico. Jed Ladin was sentenced last week to three years in federal prison and must begin serving his time on July 31. U.S. District Judge Beth Bloom also ordered him to perform 500 hours of community service and complete three years of probation.

Quote
STATEN ISLAND, N.Y. -- A New York man has pleaded guilty to money-laundering conspiracy . Marc Schulman, 35, who also goes by the names "Marc Loren," "Nicky Loren" and "Nicky Schulman," operated a Manhattan-based business, which was not identified in an indictment filed against the defendant. Schulman faces a possible 33 to 41 months in prison.

Quote
A court in Boston (Massachusetts) has sentenced 23-year-old Russian Alexei Shushlyannikov to three years in prison for money laundering. Shushlyannikov entered the US on a student visa in May 2012.
4078  Bitcoin / Bitcoin Discussion / Re: DEA Agents in Silk Road Case Face Fraud Charges on: April 06, 2015, 12:52:00 PM
These DEA agents aren't even good to themselves, haha Grin Grin always "catching" crime. They are the ones who make crime!
A sad example that shows that power corrupts.

You are not getting it. If the society is crime-free, then these DEA guys will lose their jobs. So it is natural to expect them to create crime scenes, once the crime graph starts to go down.  Grin

I think this is a ridiculous proposition and complete conspiracy theory. The gov don't have to worry about crime rates dropping to the point of 'creating' more crime otherwise the feds/police becoming redundant and unnecessary. There's plenty of crime committed without having to create more to remain employed and relevant not to mention the ridiculous laws that create it in the first place (drug prohibition for example).

You are not getting it. The private prison industry in the United States is a multi-billion dollar business. Reduce the number of convicts, and thousands will lose their jobs. And police departments get more funding, when the crime rates spiral out of control. Everything is interconnected.

A+ for knowledge or information gathering. Most people don't realize that the American prison system is a private for profit industry. The ACLU has fought against the inequities of the privatized prison system for a long time.

Quote
Private prison companies, however, essentially admit that their business model depends on locking up more and more people. For example, in a 2010 Annual Report filed with the Securities and Exchange Commission, Corrections Corporation of America (CCA) stated: “The demand for our facilities and services could be adversely affected by . . . leniency in conviction or parole standards and sentencing practices . . . .” As incarceration rates skyrocket, the private prison industry expands at exponential rates, holding ever more people in its prisons and jails, and generating massive profits.

And while supporters of private prisons tout the idea that governments can save money through privatization, the evidence that private prisons save taxpayer money is mixed at best – in fact, private prisons may in some instances cost more than governmental ones. Private prisons have also been linked to numerous cases of violence and atrocious conditions.
4079  Bitcoin / Bitcoin Discussion / Re: Do you have a feeling BTC has slowed down a bit? on: April 05, 2015, 02:13:28 PM
I still read the boards every now and then but I am out. Completely. Bitcoin solves nothing for me but it was a great way to make extra cash since I discovered it. But the easy money is gone for me personally and I think the people like me will move on to other things. Very neat idea though but just another type of fiat currency in monetary economics. A house built on sand in other words. I highly doubt it will have any value in 20 years as something else will replace it. Internet users are a fickle bunch.

I've witnessed that too. People are moving on. There's a small fraction of the users here now that were here when I first registered. Even the evangelistic born again Bitcoiners are gone now. I always chalked it up to kids graduating, growing up and starting their real lives. Everyone is idealistic in college. Save the whales, save the trees, free (insert current martyr here) slowly becomes feed the kids, pay the mortgage, please the boss.

I'm not gone, I'm just on other platforms more often.  I find that a lot of people here seem to ask the noob stuff all too often.  I think you can find many of us still active on places like facebook twitter reddit instagram has some... This place is good, but relatively, but I wish that the marketplace section was more active. 

Yeah, I see some people that have been here a long time. Satoshi considered this to be the main forum for Bitcoin info and development and it's losing the oldest supporters. Either this forum is losing it's position in the Bitcoin world as you suggest or people are moving on and losing interest for whatever reason (graduating, scammed out of their faith in the system, scared of the legal standing, finally see the fight will be decades not months).

You cannot lose interest in BTC, not if you are really into this. You can if you get scammed, especially multiple times. About people leaving the industry due to personal reasons, that can happen, but wouldn't these get replaced by new entrants. This is exactly what I am talking about. I do not see so many new entrants to the BTC economy as before. Consequently, the number of good projects has decreased. Who s to blame? IMHO, SCAMMERS.

I think there were only a few types of people that were into Bitcoin in the beginning.

One would be the cypherpunk crypto-geek types that were into all the latest trends in the crypto world since the 90s. If you followed and liked the concept of Hashcash you were going to do the same with Bitcoin. These people are still playing with Bitcoin because there's a lot of data to sift through but they have a tendency to move on to the next leading edge development. That's what they do - they create and creating means moving on.

Another one (and a big group) was the college crowd that saw the original Slashdot and Galker articles about SR and they latch on to anything trendy, edgy and cool. Let's face it, there's nothing cooler than having ecstasy(MDMA) mailed straight to your dorm. These people graduate, grow up, get lives and move on. They aren't being replaced because SR is gone and the concept lost its trendy, edgy, cool aura. Now it just looks like another way to get busted.

Another big group of people were the scammers and opportunists. This group constantly searches for new ways to make your money belong to them or make you support their agenda. I dump the liberitarians and anarchists into this group too because they weren't really here to support Bitcoin. They were here to support their agenda and Bitcoin definately has those revolutionary components in its basic design. This group will move on too if they see Bitcoin isn't being used to further their agenda. BUT you are correct, this group will ALWAYS be replaced with new scammers and opportunists. So these people are what we're left with.
4080  Other / Off-topic / Re: 2FA Options - Which is best? POLL on: April 05, 2015, 01:55:25 AM
I couldn't vote because you don't have an option for LastPass with RSA SecurID.
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