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441  Bitcoin / Bitcoin Discussion / Re: Yet another solution for instant payments (Constructive centralization) on: October 24, 2011, 04:44:16 PM
Old... https://github.com/bitcoinjs/bitcoinjs-lib - client side transaction signing... say bye bye to instant wallets FOREVER
442  Bitcoin / Bitcoin Discussion / Re: Ripplepay - Should we start using it massively ? on: October 24, 2011, 01:56:30 PM
Unfortunately ripple does not count any more after Bitcoin was invented
443  Economy / Trading Discussion / Re: Bitcoin support fund on: October 24, 2011, 07:24:17 AM
What will you do differently this time? What lessons did you learn?

Discipline... during last 10 years it was my only problem.... Being responsible for fund with such purpose will add discipline...

Trying to figure out the math paragraph. Are you saying the 50% you listed in the previous paragraph will be ignored? Will the fund continue after 1st Jul 2012, with the option of selling back then, or are you buying back all shares then?

Fund will continue and I will issue new asset type...  Buyback on 1st Jul 2012 is compulsory - how do you convert your shares to BTC otherwise...

About math...

You bought 300 shares ( 0.3333 price per share ) with 100BTC = 300 USD. Current exchange rate - 3 BTC/USD.

for example fund will make 80% from now till 1st Jul 2012 and price of bitcoin will be $5 at that moment.

($1 * ( 1 + (80%/2)/100)) / 5 = 0.28 per share * 300 = 84 BTC (420 USD)

Outcomes

Profit  BTC/USD Share  Profit    Profit  
80%50.2884 BTC420 USD
80%20.7210 BTC420 USD
-20%50.1854 BTC270 USD
-20%20.45135 BTC270 USD
444  Economy / Trading Discussion / Re: I'm trading BTC and Forex on: October 23, 2011, 02:55:00 PM
I opened bitcoin support fund. https://bitcointalk.org/index.php?topic=49533.0
445  Economy / Trading Discussion / Bitcoin support fund on: October 23, 2011, 02:34:47 PM
Bitcoin support fund (Ticker at glbse.com - BSF - http://charts.glbse.com/markets/BSF)

Profits from fund will go to Bitcoin core development team. Profit sharing 50%|40%|10% - investor|bitcoin|fund manager. I will invest all money from this issue into the fund directly.

One share of this contract entitles the holder to $1 investment into the Bitcoin support fund dated by 23 Oct 2011. Fund revenue share is 50% for investor and will not be changed during investment round ending on 1st Jul 2012. All shares will be bought back by fund on 1st Jul 2012. Buy back price (in BTC) will be ($1 * ( 1 + (X/2)/100))/Y. Where X equals gain(loss) (before fees) of fund from 23 Oct 2011 to 1st Jul 2012 in percent and Y BTC/USD rate on major exchange at minute before 1st Jul 2012 GMT.

You can join this fund directly through our broker if you prefer by going http://instaforex.com/pamm_monitoring.php?trader=5049409

Fund is completely transparent - you can see everything. % of ownership by manager, trades in real time...

I will be glad to answer questions.

CAUTION: I did lose money before so invest on your own risk... Invest only money you can afford to lose.
446  Bitcoin / Development & Technical Discussion / 2-of-3 or 2-of-2 for escrow? on: October 22, 2011, 11:22:38 AM
Taken from https://github.com/gavinandresen/bitcoin-git/wiki/BIP-M-of-N-Standard-Transactions (After my edition)

Quote
Three-party escrow (buyer, seller and trusted dispute agent). 2-of-3 signatures required transactions will be used. The buyer and seller and agent will each provide a public key, and the buyer will then send coins into a 2-of-3 CHECKMULTISIG transaction and send the seller and the agent the transaction id. The seller will fulfill their obligation and then ask the buyer to co-sign a transaction ( already signed by seller ) that sends the tied-up coins to him (seller).

If the buyer and seller cannot agree, then the agent can, with the cooperation of either buyer or seller, decide what happens to the tied-up coins. Details of how buyer, seller, and agent communicate to gather signatures or public keys are outside the scope of this BIP.

No doubt this scheme will be find its usage among people but how about old one where buyer and seller lock their equal amount of funds until mutually agree to close escrow, I mean no third party involved.

How can we implement that escrow will be locked after both participants funded it and not sooner then it so in event escrow creation fail party can take it's money back
447  Bitcoin / Project Development / JustBitcoin - non-profit strongcoin.com - JS coders needed on: October 21, 2011, 02:34:10 PM
Based on http://bitcoinjs.org

I have a vision of this project like this:

User opens up website & puts his unique identification phrase (ex"I love bitcoin very much") and has wallet.

Exit node will be supported from the ads and donations. Surplus will go to bitcoin development core team.

Why?

1. People can start accepting bitcoins in seconds - no blockchain problems, wallet backups etc..
2. Accessible from any devices ( Jquery mobile will take care of old phones)

So please stand up and let's make future to come earlier...
448  Bitcoin / Bitcoin Discussion / Re: Article on why bitcoins need to succeed on: October 19, 2011, 07:49:29 PM
Time is on our side... This world is going to hell...
449  Bitcoin / Bitcoin Discussion / Re: Not another "Bitcoin needs your help" on: October 19, 2011, 07:13:11 PM
I am taking actions, I just didn't want to hijack your thread.  Smiley  "Unofficial BTC: Making Bitcoins Profitable Again"

You doing it well and I wish you success.  My concern is that we are not actively helping "founding fathers" here... and everybody doing their projects ONLY...
450  Bitcoin / Bitcoin Discussion / Re: Not another "Bitcoin needs your help" on: October 19, 2011, 06:58:47 PM
Attracting and guiding a talented group of individuals toward a specific, unifying goal requires a clear, well-defined vision and a passionate, well respected leader. It's a lot harder than it looks.

If you do realize that you have responsibility to take actions, you don't have to wait for someone... but it's true that you need to see people around you doing the same so you don't feel alone...

Personal example, it's only thing that works...
451  Bitcoin / Bitcoin Discussion / Not another "Bitcoin needs your help" on: October 19, 2011, 04:25:29 PM
TL;DR I pledge to donate $100 every month to Bitcoin foundation.

I love Bitcoin… I had a goose bumps when read its description… I foresee this technology to lead us into the new type of world. Where everything is global… no borders… true freedom. And I’m sure that I am not the only one feeling like this. Read what Plato wrote recently - http://codepad.org/k0gRMK5W

I thought that everybody in the world will embrace this technology overnight… I still don’t understand how people can pass by and don’t spot this diamond lying on the ground... More of it, I am so pissed off about all these venture funding assholes who pour billions of dollars into stupid startups but pass by Bitcoin like it’s some leper on the street… I’m so angry that instead supporting it some dumb asses even criticizing it…  I did not pay attention at Bitcoin at Jan 2011 when I was scanning my RSS because some idiot reporter told that it’s some stupid payment system “where you need to wait 10 minutes for you payment to go through”, just did not click the link.

I donated 20 BTC during my first day at forum to anyone who was writing interesting stuff about Bitcoin. I bought them at $1 BTC/USD through Paypal (old good days). Then I decided to create my satellite project (https://github.com/santacruz123/justbitcoin/wiki). I had big plans for it - http://dl.dropbox.com/u/215267/justbitcoin.jpg. Realized that it’s useless since it will be centralized and closed at some point by failing to play by the rules. After I was really into ripple pay idea. I thought it will spread usage of Bitcoin like a fire… After some time I figured out that this will not work because nobody will like this hassles with being in debt or taking debt back from his friends…

Each of us must do his part of the work for Bitcoin to succeed – use it here and there, let other people know about it, some people have money to buy shit loads of Bitcoins on the MtGOX casually supporting miners, shorting them on Bitcoinica to make Bitcoin cheaper so everybody can buy at $1 again, do various projects to grow Bitcoin economy and of course perfect the Bitcoin core.

People like Satoshi Nakamoto, FellowTraveler, Gavin Andresen, Ryan Fugger, Jeff Garzik did select to invest their free time to support their projects… instead of spending more time with family or getting kick ass corporate job and earn $100K+ salaries.

Why? They don’t do it for themselves… I think they do it for community. Community is more important for them than personal interests. “We” greater than “I”.  It’s the main problem nowadays – everybody wants to score by himself. Communities does not give a flying fuck about people who care about them most. “United we stand divided we fall” is always forgotten.

We must unite if we want Bitcoin to succeed… Bitcoin is viable if people believe in it. If we will unite we all win and will be living in the new world. Otherwise it will be over pretty soon… lack of trust and Bitcoin will be “just another cool technology that did not get traction”.

I don’t ask you you to keep buying BTC and shouting if it will touch $1 BTC/USD we all gonna die…

But it is shit to see when people do debates if it is nice move by Gavin to open private ventures or not…  “Oh my God, he needs money… how he can possibly do it, what a shame, most amoral deed I’ve ever seen”. It’s shit to see when Gavin is telling that “many things would be much easier if there was a non-profit organization like the Tor Project to pay core  developers, testers, a PR person, pay for the Jenkins nightly build server, etc etc etc” and nobody pays any attention…

Unfortunately, nobody gives a fuck about us and we are alone – all these linux foundations just shred their shoulder and do not recognize us as a part of open source movement… Even https://www.eff.org nicely told us to get away because we are “embarrassing” their donators with our crypto currency…

We, early adopters, should take care of core development team, like parents take care of their children.

I pledge to donate $100 every month to Bitcoin foundation.
452  Bitcoin / Bitcoin Discussion / Re: The Kindle, Bitcoin and client side address generation. (StrongCoin) on: October 19, 2011, 12:16:27 PM
It's a killer!!! No block chain hassles... no wallet.dat problems... accessible from mobile.....  I will be doing my version of it soon.... Good luck guys!...
453  Bitcoin / Bitcoin Discussion / Re: The Kindle, Bitcoin and client side address generation. (StrongCoin) on: October 19, 2011, 12:08:33 PM
BS...
1. Nothing can be sniffed here... ( signed transaction that will be public in several minutes )
2. Google will not change source code of JQuery on CDN just because some strongcoin is linking to it.
3. Some of the aspects of the article do not relay to our matter... (The problem is, having established a secure channel with SSL, you no longer need Javascript cryptography....)
454  Bitcoin / Bitcoin Discussion / Re: The Kindle, Bitcoin and client side address generation. (StrongCoin) on: October 19, 2011, 11:28:58 AM
It did work couple of days ago for me
455  Economy / Trading Discussion / Re: I'm trading BTC and Forex on: October 19, 2011, 10:27:58 AM
Closed at ~2.41... Market is pretty thin now... my 600 BTC did retrace from 2.3868 to 2.4382 at bitcoinica
456  Bitcoin / Bitcoin Discussion / Re: We are all early adopters now! on: October 18, 2011, 10:38:42 PM
but will bitcoin really hit 1$ again?.... i don't want to miss out on buying in on a low
exciting times!

Oh.. I see big dog fight taking place at $1.25 if reached at all..
457  Bitcoin / Mining / Significant "Other" on: October 18, 2011, 10:00:16 PM
Did you see share of "other"



I smell ASICs coming in sooner than expected

http://bitcoin.stackexchange.com/questions/103/whats-the-difference-between-an-asic-and-an-fpga-which-is-better-for-mining/782#782
458  Economy / Trading Discussion / Re: Where was 7M of BTC yesterday? on: October 18, 2011, 09:52:24 PM
If early adopters sit on this huge BTC holdings, do they at least lend it somewhere?
459  Economy / Trading Discussion / Re: Where was 7M of BTC yesterday? on: October 18, 2011, 09:25:14 PM
Prospects to get X% more by trading does not attract you?
460  Economy / Trading Discussion / Where was 7M of BTC yesterday? on: October 18, 2011, 08:07:36 PM
Yesterday we saw another daily record turnover - 200K BTC changed hands... I suppose only 50K of original BTC are responsible for it (50K was traded 4 times)

The question is - where are 7 000 000 outstanding Bitcoins... why they not taking part in trading? Can somebody explain?
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