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4281  Bitcoin / Bitcoin Discussion / Re: Bitcoin-miner busted by police (Police confuse bitcoin power usage for pot farm) on: May 29, 2011, 03:55:39 AM
They should have used this as a plot device in Farenheight 411.

"We noticed you've had a light on for most of the night. You aren't reading books are you?"
"No sir, those are grow lights. These are my hemp plants."
"I heard you can make paper from that plant. We'll be keeping a close eye on you."
4282  Bitcoin / Bitcoin Discussion / Re: Do I have the wrong attitude? on: May 29, 2011, 03:43:16 AM
If you want your investment to be safe, you need to integrate yourself within the bitcoin economy.

I disagree with this claim.
4283  Bitcoin / Bitcoin Discussion / Re: Do I have the wrong attitude? on: May 29, 2011, 03:42:23 AM
Why do you expect the value to go up? What potential do you see?
 
4284  Other / Meta / Re: "Currency exchange" subforum in Marketplace? on: May 29, 2011, 03:16:52 AM
Currency Exchange
Goods
Services
Employment

Someone make it happen. If I want to buy chicken bones first I have to see if any are for sale, then I have to go to a different forum to offer to buy them. What the hell? This applies for everything, not just bones. If I'm just curious about what goods are being bought and sold, I have to go to two forums, why?

The current setup is not good for users at all. It's simple to police, that's it's only benefit.

I'm going to repost this in it's own thread later if I need to.

This sort of split makes more sense to me than "buying/selling". Shouldn't "employment" be combined with "services", though?

Yeah, I think that's better. Employment offers are solicitations for service and belong with offer for service just like requests for goods belong near offers for goods. I don't know why I thought they were separate.
4285  Other / Off-topic / Re: send out your women on: May 29, 2011, 02:37:35 AM
We seem to have a woman in this very forum.
And she just contributed a patch.

Need I say more Smiley

You mean like for pants or a jacket?

I'm kidding! Really, I can't make either kind of patch!
4286  Bitcoin / Bitcoin Discussion / Re: Minercoin? on: May 29, 2011, 01:40:07 AM
It's irrelevant because of the implications of all the mining pools being voluntary.
So, the worries I've read on this forum about a single pool becoming larger than 50% of the network and giving its members or administrator the power to double-spend are completely unfounded?

Would you join a pool that double spends? No, me neither.
4287  Bitcoin / Bitcoin Discussion / Re: [youtube] It's finally out! Bitcoin Man strikes NYCs east village!! on: May 29, 2011, 01:34:42 AM
I like.
4288  Economy / Marketplace / Re: bitcoin and mmo gaming currency exchange? on: May 28, 2011, 08:04:16 PM
check out Virwox?
4289  Other / Meta / Re: "Currency exchange" subforum in Marketplace? on: May 28, 2011, 08:03:29 PM
Currency Exchange
Goods
Services
Employment

Someone make it happen. If I want to buy chicken bones first I have to see if any are for sale, then I have to go to a different forum to offer to buy them. What the hell? This applies for everything, not just bones. If I'm just curious about what goods are being bought and sold, I have to go to two forums, why?

The current setup is not good for users at all. It's simple to police, that's it's only benefit.

I'm going to repost this in it's own thread later if I need to.
4290  Bitcoin / Bitcoin Discussion / Re: Bitcoin v2.0 on: May 28, 2011, 07:43:09 PM
simple answer, start your own blockchain. distribute initial coins however you want. when it becomes more widely accepted and has more network power than Bitcoin then I will be the first to congratulate you on being rich. Then we'll all make Bitcoin 3.

No doubt there will be competing blockchains with different characteristics - and there should be.

No reason to change the original Bitcoin, let it continue obviously. Those who do not want to support it like yourself do not have to participate.
4291  Bitcoin / Bitcoin Discussion / Re: Bitcoin v2.0 on: May 28, 2011, 07:42:19 PM
What do you think about people who invest in successful companies?

Resource allocation matters.  
4292  Economy / Economics / Re: The Mt Gox bank account in Japan. Users outside USA can wire transfer the money. on: May 28, 2011, 11:13:32 AM
Well I won't send a dime there until this is confirmed by MtGox.......

The email came from MtGox.

I just got this email from Bill Gates:

From Bill Gates <billg@microsoft.com>
To Dansker <dansker@danskermail.dk>
Subject: re: Do you like turtles?
Yes I like turtles very much!
>>Do you like turtles?

Um, okay. Did you write to an email that Gates gave you and get a response from the email you wrote to? I wouldn't figure it was Gates otherwise.
4293  Other / Meta / Re: "Currency exchange" subforum in Marketplace? on: May 28, 2011, 10:43:38 AM
I don't care what the hell you do, but someone has got to change the marketplace somehow. It's like the worst possible version of itself.
4294  Bitcoin / Bitcoin Discussion / Re: I've got what you need. High quality stuff. Safe and anonymous. on: May 28, 2011, 09:15:58 AM
No one cares if you do drugs man.
4295  Economy / Economics / Re: The Mt Gox bank account in Japan. Users outside USA can wire transfer the money. on: May 28, 2011, 09:03:12 AM
Well I won't send a dime there until this is confirmed by MtGox.......

The email came from MtGox.
4296  Bitcoin / Bitcoin Discussion / Re: Is speculation good or bad for Bitcoin? on: May 28, 2011, 08:41:16 AM
A so called "speculator" is not doing anything but making offers to sell and/or buy bitcoins. If someone is 'hurt' by this they need to watch out for butterflies imo.
4297  Bitcoin / Project Development / Re: Coming Soon: BitCoin Options Trading on: May 28, 2011, 06:12:20 AM
Any minute now, indeed. Everything looks pretty good, I forgot to implement a withdrawBTC function, so that needs to go in, and I'm writing it right now.

I'm successfully writing, bidding, clearing and exercising contracts right now, plus exchanging on Gox.

Then, one final API check, and we'll be up, BUT you are going to have to write a client, or hand-post to the URLS (not hard to do).

Re: Margin / Balance, etc: I have gone to pretty significant lengths to make sure that the market and each account always stays 'above' water. Lots of assert x > 0 in the code. : ).

At any time, you can call getAvailableBTC(token), or getAvailableUSD(token) and see what your total free, uncommitted balance is. We'll ding you if you try and go over.

The market was also written with every transaction hitting a balance sheet realtime, and I get a notice if the balance sheet doesn't balance.

Put it this way -- I worry about the same thing you all do.

As far as loaning out people's money on the options market, I don't have any plans to do this, and understand completely why this would make people nervous. Right now, it's all hard assets.



You mean there is no interface? Is that your next work?
4298  Bitcoin / Bitcoin Discussion / Re: Why 10 minutes? on: May 28, 2011, 03:59:52 AM
There is a trade off between speed and wasted work from network latency. If you have a new block every minute and it takes 10 seconds to propagate the fact of a new block then ~16.6% of work miners do will be wasted. With ten minute blocks it's more like 1.6%.

edit: another way to say is that 16.6% of blocks found would end up orphaned because they were found after another valid block.
4299  Economy / Economics / Re: Is Namecoin a possible threat to the Bitcoin blockchain? on: May 28, 2011, 03:02:41 AM
What's the diff on the namecoin chain right now?
4300  Other / Obsolete (buying) / Re: Buying aircraft for BTC on: May 28, 2011, 02:34:49 AM
Isn't 10k BTC kind of a bit low for a plane worth $115k USD.
10k BTC are worth about $85k USD at todays rate, why would an investor pay $115k for something only worth $85k, and even less if he tried to actually sell it.

A buyer wanting to spend that much USD would push the price up, thus making his investment worth more.
For you to sell 10k BTC you would push the price down thus getting even less then $85k for them.
I think a more reasonable/fair price is more like 15k+ BTC.

The pushing up happens as he buys, not after.
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