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441  Bitcoin / Bitcoin Discussion / Re: Congressman Thomas Massie: "We can replace the FED with Bitcoin" on: August 09, 2013, 03:08:02 PM
Uhhh whats fed?

Federal Reserve.
And please don't. The US is already screwing with Bitcoin as is, imagine if it was their legal tender....
442  Other / Beginners & Help / Re: forum is frustrating on: August 09, 2013, 02:33:17 PM
Well, you seemed to be able to post perfectly fine now lol
443  Economy / Service Discussion / Re: http://www.pyramining.com/ - Discussion thread (no advertising here) on: August 09, 2013, 10:48:38 AM
You mad?

Seemed to me more like you are mad. But thats OT.

See, there you go again, assuming how I feel. Why didn't you just answered with a no? It's more fun to ASSume? First I was offended, now I'm mad. Get a grip, son. The only one with bad instincts here is you, as can be seen by your answers.
444  Bitcoin / Electrum / Re: Import bitcoin-qt wallet? on: August 08, 2013, 11:39:17 PM
Where do I find my private keys at in bitcoin-qt? (in GNU/Linux)

In Bitcoin-qt you would only dump 1 key at a time. Use pywallet instead Smiley

Install pywallet dependencies(see: https://github.com/jackjack-jj/pywallet)
Then:
Code:
mkdir pywallet
cd pywallet
wget --output-document=pywallet.py https://raw.github.com/jackjack-jj/pywallet/master/pywallet.py
python pywallet.py --web
Next:
Open your browser and navigate to localhost:8989
Search the dump keys part and write only "sec" on the export format. Choose a dir/file where to save the dumped private keys. You can then batch import them into Electrum.
445  Economy / Service Discussion / Re: http://www.pyramining.com/ - Discussion thread (no advertising here) on: August 08, 2013, 06:20:50 PM
Stop trying to fix what isn't broken.
You mentioned my account(s9q3bxy8) as an example of a person that maybe will prefer bigger payouts. I like the threshold like it is. Don't use me as an example.

At first: I never used you as an example for anything. I just mentioned a random account, that is visible to everybody. If you claim that to be your account, then this is your business. If you want you can find plenty other accounts that are also "affected". (and simply edit your account out, Mr. Global Moderator)
And second: This is a Discussion thread! So tell me, what is wrong about disgusting possible improvements? I never tryed to fix something broken, like you said. I just tried to help improve that service. So tell me, where you take all your offence from.
If you dont like improvement, then you may be wrong in bitcoinworld.

You mad?
446  Bitcoin / Bitcoin Technical Support / Re: Help me!Data can not be updated! Wallet 0.8.3-beta on: August 08, 2013, 05:58:57 PM
But you know... that message with the orange background only appears when bitcoin is stuck.
OP, restart bitcoin-qt with the reindex option to fix it.

Really?  I could swear I've seen it while waiting on a long sync, and that if I just waited until the sync was done it went away.

Hmm.  Perhaps I need to run some tests.

I've ever only seen that warning when the chainstate files got corrupted or a long fork happened. And believe me, I've seen it for corruption reasons like 10 times in the last 2 weeks. In fact I saw it so many times that I've given up on bitcoin-qt and switched to electrum. Reindexing takes as long as downloading the block chain, so you see why I've given up.
447  Bitcoin / Bitcoin Technical Support / Re: Help me!Data can not be updated! Wallet 0.8.3-beta on: August 08, 2013, 05:46:47 PM
That made my day  Cheesy Thanks, Danny!

I do what I can.

But you know... that message with the orange background only appears when bitcoin is stuck.
OP, restart bitcoin-qt with the reindex option to fix it.
448  Bitcoin / Bitcoin Technical Support / Re: Help me!Data can not be updated! Wallet 0.8.3-beta on: August 08, 2013, 05:28:07 PM


That made my day  Cheesy Thanks, Danny!
449  Bitcoin / Press / Re: 2013-08-07 Bitcoin upgrade aims for smoother e-commerce on: August 08, 2013, 02:23:03 PM
The article talks about the payment protocol v1, which has only one or two features. The list is for things that could be added later.

We've seen that in some cases LevelDB and power management/suspend/resume don't seem to be interacting well, although given that LevelDB doesn't do anything particularly exotic with the file system it seems like any such corruption issues might be more OS related than Bitcoin related. You probably don't have many other apps that are constantly reading/writing to the filesystem in quite the same way.

I would be very glad if there was a command that allowed to reindex after block X in which X is any block number given by the user.
450  Bitcoin / Press / Re: 2013-08-07 Bitcoin upgrade aims for smoother e-commerce on: August 08, 2013, 11:46:21 AM
It's just a list of ideas for the future, not an announcement that they're actually going to be worked on.

Oh lol I guess I need to re-read the article more slowly, cause i really got the impression you guys were already working on implementing them for the 0.9 release.

Quote
Are you on a Mac, by any chance?

Nope. Laptop PC's. All of them using Ubuntu. One Acer, one Asus and one HP. I've already given up of using Bitcoin-qt at home. Got tired of getting scared every time I closed the client. Using Electrum for now.
451  Bitcoin / Press / Re: 2013-08-07 Bitcoin upgrade aims for smoother e-commerce on: August 08, 2013, 11:24:55 AM
Better tipping support? Social network integration? Really? Roll Eyes
There is no real work to do? Like avoiding that shitty leveldb from becoming corrupt every day and needing a full reindex?
Don't get me wrong. You guys do an awesome job, but what good will those "features for the regular user" do when "regular users" can't even use Bitcoin-qt(or any other full client) to begin with?
452  Other / Beginners & Help / Re: CAREFULL FAKE MTGOX!!!! on: August 08, 2013, 11:20:07 AM
Why the fuck did you post the link? People don't need to know the URL to the fake mtgox sites, they just need to check they're in the real one.
Rule of thumb: if you post a link to a phishing site, you are the phisher.
453  Economy / Service Discussion / Re: http://www.pyramining.com/ - Discussion thread (no advertising here) on: August 08, 2013, 10:30:57 AM
Third this vote, tbh weekly payouts don't seem at that bad but no more than daily would be nice.  Since more hash rate is being added I might recommend we start moving back to the 1 BTC payout threshold as well, maybe up to 0.5 for now until the entire hash rate has been released?

I was with ya up until the raising the threshold. I'm a small investor with Pyra...if it goes back up to even .5 I won't see another payout for 4 or 5 months...even with the raising hash rate. If a change is made to the threshold I would like to vote that the minimum stay at 0.1 but maybe add an option to allow individual accounts to raise the threshold if they so desire. Maybe even make the payouts more of an 'option' that can be set and let the users decide how nice they want to be on Pyra's bandwidth ...?

Maybe 2 different payoutintervalls. One daily with with 0.5 threshold and one weekly with 0.1 treshhold. Or a procentual treshhold (e.g. 1% of deposited ammount). Because i dont think, pyramining want to use an individual payoutoption.

Stop trying to fix what isn't broken.
You mentioned my account(s9q3bxy8) as an example of a person that maybe will prefer bigger payouts. I like the threshold like it is. Don't use me as an example.
454  Economy / Computer hardware / Re: Google Nexus 7 FHD Tablet (7-Inch, 16GB, 2013) - 2 BTC on: August 07, 2013, 02:29:43 AM
I'll be ordering them from Amazon.com brand new. They're wifi models. Don't think Amazon ships them outside of US as of now, also I'm trying to avoid that in case someone receives a faulty product and wants a replacement.

bummer
455  Economy / Computer hardware / Re: Google Nexus 7 FHD Tablet (7-Inch, 16GB, 2013) - 2 BTC on: August 07, 2013, 02:17:54 AM
Selling more, pm me if anyones interested.

Are they wifi or 3g/4g? Want 2 for me if they are wifi. Can you ship to Portugal? How much is shipping? Any chance to get the 32GB model? Wink

EDIT: stupid me... looking at the pic above, they're wifi Tongue
456  Bitcoin / Press / Re: 2013-08-06 - CNS - Shavers bitcoin Ponzi scheme cannot dodge securities fraud on: August 07, 2013, 12:56:55 AM
http://www.courthousenews.com/2013/08/06/Bitcoin.pdf

Quote
United States District Court
EASTERN DISTRICT OF TEXAS
SHERMAN DIVISION
SECURITIES AND EXCHANGE §
COMMISSION §
§
V. § CASE NO. 4:13-CV-416
§
TRENDON T. SHAVERS and BITCOIN §
SAVINGS AND TRUST §
MEMORANDUM OPINION REGARDING THE COURT’S
SUBJECT MATTER JURISDICTION
The question currently before the Court is whether or not it has subject matter jurisdiction
over this action pursuant to Sections 20 and 22 of the Securities Act of 1933 (the “Securities
Act”) [15 U.S.C. §§ 77t and 77v] and Sections 21 and 27 of the Exchange Act of 1934 (the
“Exchange Act”) [15 U.S.C. §§ 78u and 78aa]. On August 5, 2013, the Court conducted a
hearing at which Defendant, Trendon T. Shavers (“Shavers”), challenged the Court’s subject
matter jurisdiction over this case.
Shavers is an individual residing in McKinney, Texas, and is the founder and operator of
Bitcoin Savings and Trust (“BTCST”), formerly known as First Pirate Savings & Trust.
According to the facts stated by the SEC,1 Shavers made a number of solicitations aimed at
enticing lenders to invest in Bitcoin-related investment opportunities.
Bitcoin is an electronic form of currency unbacked by any real asset and without specie,
such as coin or precious metal. Derek A. Dion, I’ll Glady Trade You Two Bits on Tuesday for a
Byte Today: Bitcoin, Regulating Fraud in the E-Conomy of Hacker-Cash, 2013 U. Ill. J.L. Tech
& Pol’y 165, 167 (2013). “It is not regulated by a central bank or any other form of
governmental authority; instead, the supply of Bitcoins is based on an algorithm which structures

1These facts were not challenged at the hearing on August 5, 2013.
Case 4:13-cv-00416-RC-ALM Document 23 Filed 08/06/13 Page 1 of 4 PageID #: 566
a decentralized peer-to-peer transaction system.” Id. Bitcoin was designed to reduce transaction
costs, and allows users to work together to validate transactions by creating a public record of the
chain of custody of each Bitcoin. Id. Bitcoin can be used to purchase items online, and some
retail establishments have begun accepting Bitcoin in exchange for gift cards or other purchases.
The value of Bitcoin is volatile and ranges from less than $2 per Bitcoin to more than $260 per
Bitcoin (Dkt. #3 at 1).
Beginning in November of 2011, Shavers began advertising that he was in the business of
“selling Bitcoin to a group of local people” and offered investors up to 1% interest daily “until
either you withdraw the funds or my local dealings dry up and I can no longer be profitable”
(Dkt. #3 at 3). During the relevant period, Shavers obtained at least 700,467 Bitcoin in principal
investments from BTCST investors, or $4,592,806 in U.S. dollars, based on the daily average
price of Bitcoin when the BTCST investors purchased their BTCST investments (Dkt. #3 at 4).
The BTCST investors who suffered net losses (compared to investors who received more in
withdrawals and purported interest payments than they invested in principal), collectively lost
263,104 Bitcoin in principal, that is $1,834,303 based on the daily average price of Bitcoin when
they purchased their BTCST investments, or in excess of $23 million based on currently
available Bitcoin exchange rates. Id.
The SEC asserts that Shavers made a number of misrepresentations to investors regarding
the nature of the investments and that he defrauded investors. However, the question currently
before the Court is whether the BTCST investments in this case are securities as defined by
Federal Securities Laws. Shavers argues that the BTCST investments are not securities because
Bitcoin is not money, and is not part of anything regulated by the United States. Shavers also
contends that his transactions were all Bitcoin transactions and that no money ever exchanged
Case 4:13-cv-00416-RC-ALM Document 23 Filed 08/06/13 Page 2 of 4 PageID #: 567
hands. The SEC argues that the BTCST investments are both investment contracts and notes,
and, thus, are securities.
The term “security” is defined as “any note, stock, treasury stock, security future,
security-based swap, bond…[or] investment contract…” 15 U.S.C. § 77b. An investment
contract is any contract, transaction, or scheme involving (1) an investment of money, (2) in a
common enterprise, (3) with the expectation that profits will be derived from the efforts of the
promoter or a third party. SEC v. W.J. Howey & Co., 328 U.S. 293, 298-99 (1946); Long v.
Shultz Cattle Co, 881 F.2d 129, 132 (1989). First, the Court must determine whether the BTCST
investments constitute an investment of money. It is clear that Bitcoin can be used as money. It
can be used to purchase goods or services, and as Shavers stated, used to pay for individual
living expenses. The only limitation of Bitcoin is that it is limited to those places that accept it as
currency. However, it can also be exchanged for conventional currencies, such as the U.S.
dollar, Euro, Yen, and Yuan. Therefore, Bitcoin is a currency or form of money, and investors
wishing to invest in BTCST provided an investment of money.
Next, the Court looks at whether there is a common enterprise. To show a common
enterprise, the Fifth Circuit requires interdependence between the investors and the promotor,
which “may be demonstrated by the investors’ collective reliance on the promotor’s expertise
even where the promotor receives only a flat fee or commission rather than a share in the profits
of the venture.” Long, 881 F.2d at 141. That interdependence is established in this case because
the investors here were dependent on Shavers’ expertise in Bitcoin markets and his local
connections. In addition, Shavers allegedly promised a substantial return on their investments as
a result of his trading and exchanging Bitcoin. Therefore, the Court finds that there is a common
enterprise.
Case 4:13-cv-00416-RC-ALM Document 23 Filed 08/06/13 Page 3 of 4 PageID #: 568
Finally, the Court considers whether there is an expectation that profits will be derived
from the efforts of the promotor or third party. The Court finds that this prong is also met. At
the outset, Shavers allegedly promised up to 1% interest daily, and at some point during the
relevant period the interest promised was at 3.9%. Clearly any investors participating in the
BTCST investments were expecting profits from the efforts of Shavers.
CONCLUSION
Therefore, the Court finds that the BTCST investments meet the definition of investment
contract, and as such, are securities.2 For these reasons, the Court finds that it has subject matter
jurisdiction over this matter, pursuant to Sections 20 and 22 of the Securities Act of 1933 (the
“Securities Act”) [15 U.S.C. §§ 77t and 77v] and Sections 21 and 27 of the Exchange Act of
1934 (the “Exchange Act”) [15 U.S.C. §§ 78u and 78aa].

2 Having found that the BTCST investments are “investment contracts” and, thus, securities, the Court will not
consider whether the BTCST investments are also “notes.”
Case 4:13-cv-00416-RC-ALM Document 23 Filed 08/06/13 Page 4 of 4 PageID #: 569
___________________________________
AMOS L. MAZZANT
UNITED STATES MAGISTRATE JUDGE
SIGNED this 6th day of August, 2013.

The whole "bitcoin is monopoly money" didn't work out for him, it seems. Better if all other smartasses take notice! Wink
457  Bitcoin / Press / Re: 2013-08-03 - independent.ie - Founder of the Freedom Hosting / Tormail arrested on: August 06, 2013, 04:43:43 PM
Sooo, what is Tormails next plan of action? Does anyone know? I've got money stuck in BTC-e, and I can't get it out because my account is tied to my Tormail address.

maybe withdraw all those bitcoins for their users?  Cool
458  Other / Beginners & Help / Re: How come the BTC QT client doesn't have a built in option to import on: August 06, 2013, 04:42:02 PM
a wallet backup?

because all you need to do is drop it in the data dir with the name wallet.dat(rename the old wallet.dat to wallet.dat.old or something before) and start your client to import a wallet?
459  Other / Beginners & Help / Re: need core developer to help retrieve bitcoins on: August 06, 2013, 04:39:32 PM
Read the whole thread: https://bitcointalk.org/index.php?topic=258022
It will help you to scan your hard drive and recover any private keys it finds.
But really, read the whole of it. The user needed to be spoonfed, so there is a lot of "error" fixing lol
460  Bitcoin / Bitcoin Discussion / Re: Bitcoin irony on: August 04, 2013, 02:19:13 PM
What is an FBI password?

Find Bitcoin Immediately password. FBI password, for short.
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