Are GLBSE 1.0 claims not instant, or am I doing something wrong? I enter the code I was given, and it just goes to the normal account page without any dialogue, but doesn't update the stats.
I had a typo, you may want to try again, it worked fine for me as soon as I found the typo. Ah, thanks. Chrome wouldn't let me copy the text so I typed it by hand and missed a letter. Now all's well. Cheers! |
|
|
|
|
Are GLBSE 1.0 claims not instant, or am I doing something wrong? I enter the code I was given, and it just goes to the normal account page without any dialogue, but doesn't update the stats.
|
|
|
|
Subscribing. I will note for those on the fence that many favorable deals arrive by having a large quantity of funds and making it known you're looking for investments, though investments certainly don't have to be done exclusively through GLBSE.
If it is not known you have a large amount of funds and are investing, you will receive no offers. If you let it be known you are investing but do not have a lot of cash-on-hand, you miss out on a lot of great opportunities, and kick yourself every day after you've had to pass on it.
Pooling investment and lending to (or buying shares in) those with ideas & means to implement those ideas is a very wise move -- it gives the producers an idea of who to go to for funding. I understand how negatively group-think and centralization can be perceived, but it does have practical value in some applications. In the end, dis-associating yourself with a group is as simple as selling your shares/bonds/CDs/whatever.
Well, please excuse my ignorance, but your three paragraphs are maybe the hardest English text for me to read in this forum. (English is not my first language, and I still somehow suck on it)  Could you please bother to interpret a little more? Thank you very much. Sorry about that. I was trying to suggest to potential investors (and those who just hold their Bitcoins) that they'll be exposed to much more favorable deals by pooling their money with an organization like muBit which will be well-known. Rather, if Bitcoin-CorporationX is seeking to deal with just a few investors, they will not send a message to 50+ individual investors, they'll go to maybe 3-5 collectives like muBit, and collectives like muBit will be the ones with access to the best deals. A large collective will also have an advantage (compared to individuals) with information. While a company or individual will likely answer many questions for a potential large investor, one person with a few BTC to throw around probably won't receive nearly the amount of attention. |
|
|
|
|
Subscribing. I will note for those on the fence that many favorable deals arrive by having a large quantity of funds and making it known you're looking for investments, though investments certainly don't have to be done exclusively through GLBSE.
If it is not known you have a large amount of funds and are investing, you will receive no offers. If you let it be known you are investing but do not have a lot of cash-on-hand, you miss out on a lot of great opportunities, and kick yourself every day after you've had to pass on it.
Pooling investment and lending to (or buying shares in) those with ideas & means to implement those ideas is a very wise move -- it gives the producers an idea of who to go to for funding. I understand how negatively group-think and centralization can be perceived, but it does have practical value in some applications. In the end, dis-associating yourself with a group is as simple as selling your shares/bonds/CDs/whatever.
|
|
|
|
Just a quick notice -- I'm expecting a large deposit within the next couple days. Until GLBSE 2.0 is released and I'm comfortable investing there again, I feel comfortable taking only ฿600 more. I feel uncomfortable with the liabilities beyond that and do not believe I'd be able to push the deposits out as loans in a manner timely enough to recoup costs (BTC loan market is becoming saturated, and soon I will have to settle on lower rates. I am much less willing to expose myself to debt for significantly lower returns). Availability now exceeds 1kBTC. The maximum CD amount per person was increased to ฿300 a few days ago. I am open to issuing CDs larger than that, but I need to know I have the ability to turn that BTC around within a couple days to others. With ฿200+ CDs, I am willing to offer my address, utility bill, email address, phone numbers, and a Skype account (which is most preferable for contact). Cheers! O/T - I'm also pleased to announce I pre-ordered a couple FPGAs from ngzhang. You can find the new group purchase thread (with VERY reasonable rates) @ https://bitcointalk.org/index.php?topic=73773.0 . Best of luck! ETA: Also would like to announce I now keep a reserve of $500 USD in MtGox in case of emergencies were I for some reason am unable to pay out a CD as intended. While it won't be kept track of in the I/O & disclosure sheets, I hope it will still bring some comfort to depositors as it brings to me. As well, I'm making another BTC buy. This is intended to ensure ownership equity is never at an unsafe level (well, and because I'd like to make more loans  ). Cheers! ETA2: Assets will be shifting largely from loans to equities in the next couple months. I'm not fond of the hassle & default rate which comes with consumer loans. The intention for the June disclosure report is ฿1000 in an Insured Pirate Program, ฿1000 in an Uninsured Pirate Program, ฿500 in TyGrr, ฿512.5 in TyGrr Bank (very possible it will be partially liquidated prior to June), ฿150 with imsaguy (+ first in line for excess BTC, up to ฿500), ฿500 with other projects of Goat's. Any assets beyond that are uncommitted. The CD rate in April is expected to remain at current rates. I will consider increasing the CD rate in May. |
|
|
|
|
Theymos will apply scammer tag if "you have compiled mountains of evidence that the person is guilty, and the person has been given several weeks to respond to the allegations (because you've posted a topic about it and you've PMed the person), and you have a global moderator or other very trusted person second your request. (Have the trusted person contact me to make the request.)"
Everything in that list needs to be included when you make the request to a mod.
Fwiw. Anyway, "Zombie" is probably already using a different account here.
|
|
|
|
If you have the coin, I'm now willing to consider offers entirely in BTC, though I would like significantly more than asking price as I'll need to sell off a good number of the coins (at least half to give to the other owner) and I suspect I'll run into serious slippage issues.
Interested in the first house sold for Bitcoin? PM me!
If you sell off the BTC slowly over a week or two, you will not move the price much. The depth chart on the bid side has ~50,000 BTC total bids between the current price and $4.85. In one week, I would have gone from selling ~22.68k coins @ ~$110,000, to now only receiving ~$106,050. I'm not rich, and half the house isn't owned by me, so I need to pay off half in USD, making the $4k loss entirely my own. In reality, for me, it'd be going from ~$50k after taxes & fees, to ~$46k. Obviously, it could go the other way, too, but it's an enormous gamble. ETA: I misspoke. When you posted, the price was actually @ ~$5.3, so 110000/5.3=20,754. 20,754*4.76=$98,789. I would've actually gone from $50k from the sale, to less than $40k, a 20% loss. ETA2: I suppose it wouldn't be too hard to hedge against that, though... could be messy, though. I suppose I also wouldn't necessarily take a "real" 20% loss on earnings in the above scenario, either. Depends on price fluctuation until I can offload $50k worth of BTC, which might be doable at the time of transaction without significant slippage. |
|
|
|
Right. They look to have sizable revenues, but at least as of a few months ago and according to their Transparency Report, run at a pretty significant loss. Those are old numbers, though. Hopefully, they'll release another report at the end of this year. |
|
|
|
I am only going to use escrow or have seller send first from now on with things. I've been scammed out of BTC in the past.
Seems like a good place to note I do no-fee escrow services. (check BDK thread in sig if interested)  |
|
|
|
Sorry not a miner but interested in getting into.
Could you please explain why this could be very profitable? the chances of getting the 50btc reward more than once are pretty slim.
again apologies for my ignorance.
Point @ pool = no need to find a block. Mining contract costs (@ $4.7/BTC) ~$3,055 and (guesstimating and not assuming difficulty increase) pays out $3027.50 assuming no inefficiencies or fees. However, assuming a 20% increase over standard rates (which is certainly not unheard of, and it probably wouldn't be difficult for experienced folks to get significantly higher), revenues should be ~$3,633 at the end of contract assuming no price change in exchange rate (which is.... lol). $578 profit over a bit over 3 months (off the top of my head, will guesstimate that as 3.3 months). $175.15 profit/month, or a bit under 6% MPR. But there are so many variables, it's a big shot in the dark as to whether or not you'll make a profit in fiat (and a shot in the dark as to whether or not you'll profit in BTC, though terms are probably quite favorable for the buyer). Still, given it's a "loan" to giga, it's probably pretty reasonable to assume it's an extremely-low-risk loan (as far as breach of contract goes). That all assumes my math is correct, which is quite questionable. |
|
|
|
|
Oh. It's an auction thread. Uhhh.... .11BTC
|
|
|
|
Bump The $2 bill also comes with an autographed photo of yours truly. Wouldn't you pay 1btc to have that photo on your desk Matt? Who says I don't already have it, and that my avatar isn't a live webcam of me looking at it? Hm... That might be an interesting idea for an avatar. Record 30s from webcam, automatically convert to .gif, host on server, post on server (which doesn't store .gif files locally to allow for things like "live"-ish pool stats), update automatically. I don't know why anyone would want to, but I do enjoy snooping. |
|
|
|
I went to the Fed's rules, and now I'm not so sure I have the upper-hand.
"The new rules do not cover checks or automatic bill payments that you may have set up for paying bills such as your mortgage, rent, or utilities. Your bank may still automatically enroll you in their standard overdraft practices for these types of transactions. If you do not want your bank's standard overdraft practices in these instances, talk to your bank; you may or may not have the option to cancel."
Does an "Instant" Paypal transaction fit in there? I'm assuming it's an ACH transaction and thus likely subject to overdraft bullshit.
I would say no because it is a user generated transaction and not an automatic one. It's the same as you going to Walmart and using your debit card, that transaction should be declined if you have in-sufficient funds unless you signed up for their overdraft protection. You initiated the transaction, it wasn't an automated transaction such as a mortgage payment or auto credit card payment where you only supplied the bank info the first time to set it up. Yeah, I agree - effectively the same. I spoke with the VP an hour or so ago, and I feel fine about it, now. I settled and paid the balance plus almost all the fees (amount owed was $102.85, we settled on $87.25 [refused to waive the initial $3x NSF fee [yes, they charge an overdraft fee one-time, then a recurring fee each day after]), but I only had $20s, so I asked if I could settle for $100 and just close the account right now -- I guess he didn't think to offer me change). Pretty sure it's incompetence, not malevolence, and I got in a lot of digs. He claimed (with a straight face) the overdraft coverage was a service long-standing members are automatically enrolled in (I never did opt-in to it), then insisted the bank sent me a notice about the overdraft fee every day since the transaction (which is either not true, or my postal carrier hates me for some reason). It went on... he asked me if I had a debit card, I told him I ordered one with the checks but it never came in the mail, and he said the paperwork was never processed for the card (I did receive the checks). Oh, well. Account's closed, and I feel fine. Thanks for the help, everyone. |
|
|
|
|
I went to the Fed's rules, and now I'm not so sure I have the upper-hand.
"The new rules do not cover checks or automatic bill payments that you may have set up for paying bills such as your mortgage, rent, or utilities. Your bank may still automatically enroll you in their standard overdraft practices for these types of transactions. If you do not want your bank's standard overdraft practices in these instances, talk to your bank; you may or may not have the option to cancel."
Does an "Instant" Paypal transaction fit in there? I'm assuming it's an ACH transaction and thus likely subject to overdraft bullshit.
|
|
|
|
|
Hm. Glad I double-check the entire address before sending out of habit (originally, I didn't know Satoshi Client checks for address validity, and always worried I would accidentally not copy the entire address). [subbed]
|
|
|
|
...away from these power-wielding parents we call pools. I knew it! Stefan Molyneux DOES post here!! |
|
|
|
i have latest blockchain and wallet.dat, will reinstall on my new laptop tomorrow, i will make this work, however i do not see how an average person would go through this much of trouble, bitcoin goes mainstream soon? i do not think so, unload your bitcoins while fools are still buying :-)
As has been stated multiple times by multiple people, there are lightweight clients available. You do not need to download the Satoshi Client (which is not really "official"), nor download the blockchain. That problem was solved long ago. |
|
|
|
has anyone ever thought of the possibility that the coins are just lost. its very likely satoshi will never get them.
Quite possible. So, we've effectively increased the value of BTC for everyone through deflation. You're welcome.  |
|
|
|
|
Other things I'm very interested in:
*AgZn batteries in 9v or "AA" format (I know they exist, and I particularly want them in "AA" format, but I haven't been able to find anyone to ship to the US.)
*Adjustable DC power supply (max bet raised to 10BTC for this item)
*DC wattmeter which doesn't suck (max bet raised to 20BTC for this item). I've been using a Watt's Up, and it's terribly insensitive and seems to always round numbers down. Instead, I've been trying to guesstimate with decent voltmeters & ammeters, which is a PitA.
(bump)
ETA: If someone sent something to a Jacob Beams (or something similar to that), it's now being held in the USPS location's lost & found. Please follow the rules.
Cheers!
|
|
|
|
|
Show Posts
