I would say he is a early adopter of Bitcoin. For a guy to take such a huge risk bet, he needs to have 100+ BTC, since he needs it to continue betting if he loses.
Well you never know. Some people are just hardcore degenerate gamblers. I've known people who have lost most of their life savings with high stakes gambling at Vegas in a single drunken night. Some people just do it for the thrill - IMHO seems to work out better for them (just a karmic thing, probability still holds true). |
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I would be concerned about mixing services. Who do you turn to if they abscond with your bit coin? I think funneling it through multiple exchanges converting it to different currencies several times would do the trick wouldn't it? There aren't really any trust less solutions out there currently.
Nobody. There isn't anybody who can really help you if they steal the coins. Exchanges work fine, as long as they don't give you back the same coins you gave them (usually not the case as they all get moved to a cold storage wallet when deposited). You don't even need to do a currency conversion - just withdraw to a different address and no one will know except the exchange. Do this with multiple exchanges and basically it's untraceable. |
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1. What about be the best way to buy bitcoins? Is it through coinbase? And if so, how do you pay by? So i see 1 bitcoin is worth $636.13 now. If I want around $3000 or a bit more, i go and buy 5 bitcoins correct? 5 Bitcoins would be worth $3180.65 but how much fees do i have to pay? I assume credit card is what most ppl use to pay for it? Im confused b/c i did read something that credit card and paypal is not allowed b/c it can be charged back. If thats the case, then what is the preferred payment? I have credit card, paypal, bank of america transfer.
2. Bitcoin fees. I assume the only time you pay bitcoin fees is when you want to cashout those bitcoins into cash when you sell them? So when you transfer them from your account to 5dimes or from a site to your bit coin balance... there isn't any fee? I read the first million dollar transfers are free but then it would cost after that? Is that what is meant by the transfers?
3. I know u cant cashout via bitcoin with 5dimes yet. But lets use another site for example. Assuming i buy 5 bitcoin for $3180.65 and deposited it into some site. Then i turned that amount into $5180.65 and want to cashout. I would withdraw to my bitcoin balance and it would be converted to whatever bitcoin its worth at the current price? And the only fees i pay is if i sell the bitcoins but if i want to use those bitcoins and deposit into another site theres no cost? And what are the fees for selling bitcoins?
4. Can you buy bitcoins in fractions of bitcoin? I know you can buy 1 bitcoin, 2 bitcoin etc but can you buy 2.5, 2.2, 2.08 etc or is it only flat 1 or 2 etc or 2.2 bitcoin thus 1 decimal only?
5. I also read ppl buying bitcoins from other ppl. Is that b/c it costs less but the risk is higher? Yet i do read once you receive bitcoin from someone, its not reverseable right?
I haven't yet used Bitcoins in conjunction with 5Dimes, so I cannot give you my experiences there. However, I can help you with your general Bitcoin inquiries. 1. If you are in America, from what I've heard the best option is Coinbase. You can either deposit to them via bank transfer or credit card (although they do require verification). From there once you have deposited your fiat you can then convert it into Bitcoins and withdraw them to your address. Credit cards and paypal are generally frowned upon by individual traders (ie. from me to you) because of chargebacks, but companies like Coinbase are more willing to take the risk (also there is less risk for them given that they have worked it all out with the banks anyway). 2. Bitcoin transaction fees are simply a fee you require to send coins between addresses. These fees are at the moment BTC0.0001 which is like 6c or so. When you talk about the 'first million' being free - you are referring to what Coinbase charges to its merchants, which is irrelevant to you as you are not signing up to them as a merchant. 4. You can buy up to an eighth decimal place. It is one satoshi or BTC0.00000001 5. It will probably cost you about the same - it's easier for you with Coinbase. Go with that and if for some reason you can't get enough with the limits you have on Coinbase explore other options like localbitcoins. But please, make sure you do some reading first - most of this information can be found on the Bitcoin Wiki ( https://en.bitcoin.it/wiki/Main_Page). |
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5% per two weeks is high but its not impossibly high. I have seen you have many bad feedbacks and all i said is that there is more risk in loosing on your ponzi then we loosing on 5 investments at the one time.
Seeing you supposedly can get 1.05x your money every two weeks, then from simple compound interest you should be able to get ~ 3.55x in a year. If you can do you (which you can't - don't lie to us) why don't you go start up your own hedge fund and talk to some billionaires. I'm sure they'd be happy to give you some money if you could convince them rather than trying to go after some individuals over the net. Just face it, no one believes what you have to say. You're a little late on the ponzi and HYIP party, that train died a while back. |
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The bot has been widely tested and it is not really new... we have worked out all the bugs and made many additions to the code.
The fact of the matter is, noone believes that it works.
Can someone just try it and say something positive about it before saying that it probably doesn't work?
The reason no one believes that it works is that what you are suggesting defies mathematics. Unless you've somehow managed to prove probability theory incorrect (which will be massive) and I highly doubt that, the logical conclusion is that in the long term you WILL eventually lose. The only way a bot would ever have +EV would be in a game where the house has a negative edge, but there's a reason they don't do that... |
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How would you rate the security of a QT wallet installed on a brand new hard drive, I just installed windows on, sent BTC to it than disconnected it from the computer..? Also backed up on multiple USB's and encrypted with 40 char pass.
As long as your computer stays offline for the rest of the time its fine. Should'n't have any holes except you might not be able to remember such a long pass and that this option doesn't allow you to sign transactions offline and bring them online to be broadcast - meaning that if you ever need to spend the cache you need to bring the whole thing online. |
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If you have used the address to receive bitcoin but not yet spent it, your public key isn't exposed yet.
But once you have spent it, your public key of that address will be known to the world.
Per se, at the moment security wise there is nothing with reusing addresses, as provided that when you generated your private key there was enough entropy it is difficult to compromise with repeated usage. So unless you prefer to have anonymity, then using addresses repeatedly doesn't really present a major issue at the moment. |
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It seems like that would only be the case with a "deterministic wallet", which determines all of your addresses FOREVER at the time of wallet creation. I believe that Armory is a deterministic wallet.
Meanwhile, with Bitcoin Core, it appears like each backup is only valid for the next 100 addresses.
You are correct. That is simply because all the addresses are created from a single seed and so when the process is repeated it creates replicable results. Currently, both Electrum and Armory offer the option of deterministic wallets. If you want to ensure you don't lose any coins, backing up every 100 transactions is perfectly fine. Personally, I'm not inclined to download the whole blockchain (anymore) and have to consistently back up my wallet, so I'd really just advise Electrum. One solid wallet backup is all you need to do (have multiple copies spread over of course) and you don't need to waste time updating your blockchain data. |
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Not technically advanced to understand you!
What he was suggesting was that someone managed to generate the same address as you. Not only is the probability infinitesimal, but given that you've also lost NXT and assuming they were both on the DB account then it would obviously point to DB as the attack vector. Now, regarding Bter, on top of all the names and emails (which in all likelihood would be fakes for anyone who took the time anonymise themselves) you'd want the IP and the times the account were made and log in times (make it easier to confirm time zones). Same thing will DB - although IIRC they do automatically log the IP address of log ins. Next, do you have any idea how the thief managed to get into your DB account? |
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I'm convinced crypto currencies will be trillions but it's a guessing game who'll receive the most share. The thing is Bitcoin's capitalization is so small relative to the size of this potential market (trillions) that Bitcoin might still be replaced by a present or upcoming alternate.
But that's the thing, why would companies want to pass on the savings they get on transaction fees to consumers? For them, they couldn't care less about Bitcoin going places; it's just another alernative payment method that convert to fiat after the purchase anyway. Bitcoin could be replaced, but honestly what other altcoin has enough impetus and userbase to get merchant adoption at this point. Unless something catastrophic happens to Bitcoin, altcoins are just going to be pump and dumps all day long. |
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Why would you even bother. Nobody is going to give you money for free, that's called charity. At least call it charity, not this 'I need a loan' bullshit.
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While there isn't really a problem with this, I see a flaw with the implementation. If you leave Bitcoin as it is now, the only way to have agreed upon monikers/identifiers that could be used would be to have an external company/entity set up an internal payment system like inputs.io. The thing is that it comes with the problems that we already experienced, can people be trusted? Alternatively, if Bitcoin was edited such that monikers could be attached to addresses, you wouldn't be able to distinguish between two of the same moniker, meaning you'd have to limit the number of each moniker to 1. People would subsequently snatch up anything that is relevant, and you'd be left with a crap ton of shitty monikers that no one wants to use and would probably be harder to remember then just copying and pasting an address.
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By this, they could indirectly create regulation. But I guess you can't really stop corrupt governments/entities from being corrupt so it may happen. It wouldn't stop Bitcoin anyway, but may slow its adoption by FUD that it instills in the population and government officials (all created intentionally for this purpose of course). The media would be all over that sort of thing and 99% of the population would believe that because their favorite corrupt TV media station reported it.
I by no means like or support the Bitcoin Foundation. Personally, I'd swear most of them are there for the ride and have done absolutely nothing for Bitcoin is general except rake in money from morons who want to join their exclusive 'club'. Anyway, that being said, I'd say what your suggesting is too much of a conspiracy theory notion for me to believe it. If the government truly wanted to regulate it, they could just come up with an excuse (ie. BTC used for money laundering/supporting terrorism etc) and hence it must be regulated. Much easier and convincing then hiring people onto the Foundation and then 'exposing' them for scumbags. |
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Congrats to him, quite a few big winners recently this happened about 1-2 hours ago:  Holy cow, that's some pretty good luck. I'm probably hassling you, but any ETA on PD3 yet, given that we're something like 5(?) months behind when you initially suggested it might be released. On a side note, what has been the cause of the delay thus far? |
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Eh, since I'm in a good mood I've decided to fill this $13 loan. Have fun. Loan DetailsLoaned Amount: BTC0.02 Interest: 0.026 Repayment Address: 1Light1BN9Lu38Jab9iqVmJXt4Rc66WAoB Due Date: 5 days from this post TX: https://blockchain.info/tx/803bcfa798dab5897e629395aa88864717302632901d64e93f87b27cbd2ad938Please quote this post and state you've agreed to the terms. Thanks. OP quoted just in case of edits. Hello,
I need a small loan of 0.02 btc for buy a website domaine.
I will repay you 0.026btc in the 13th July whith the money of my advertising what I receive on this day. I will receive around 0.2 btc so I will have no problem for pay back this loan.
My btc adress : 151hticQ87e7NLHDTQBsukPXMhBkYJzYwS
Thanks,
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Winner # 19 !
0.019 BTC was awarded.
Next Prize : 0.020 BTC
Odds to Beat : 1.83
Who's Next ?
Do parlays count for this count for this contest or do they have to be single bets only? |
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Tax again?
I thought bitcoin helps get rid of tax
Actually in all likelihood Bitcoin will not get rid of tax. It's simply far too necessary for the government and if it faces a threat it will legislate to find a means to keep the taxation system. While the idea of no tax sounds nice, how would you like a broke government that cannot afford education spending, road spending, infrastructure or any form of social security. Sadly taxes are the fundamental source of revenue for any and all governments. |
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Stop using ebay and PP for these type of transactions. It's pretty clear that they are always going to favour the buyer so just find an alternative payment method (Bitcoin *cough cough*). While your concern about your customers not using Bitcoin may be valid, I don't see why only offerin Bitcoin as a payment method would be a big issue. After all if they are going to use an exchange/LB to sell their mined coins they might as well get set up with the documentation and buy some coins to pay you.
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Eh, if I were you I wouldn't regret the decisions you made. They were the right ones at the time. Personally, I like the notion of never letting the past hold you back, while you learn something from your mistakes you shouldn't berate yourself in the long term for poor decisions. At least you have 25BTC, there are people who have it a lot worse. I personally didn't do much buying until it popped up to $100 and I was around when it was worth 2c a pop. If anything I'd be happy with what you have, $15,000 US from like $80 is a pretty damn good investment for the span of three and a half years.
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