Unfortunately for my dramatic shade of orange, a lot of them then get banned and I am stuck with the color.

Second highest month for CALL options but a slower month for PUTs:

The United States Attorney's Office for the Northern District of California announced today that Roger Ver was sentenced to 10 months in prison for selling explosives on the online auction site, eBay. The sentence was handed down by U.S. District Court Judge Jeremy Fogel following a guilty plea on one count of dealing in explosives without a license in violation of Title 18, United States Code, Section 842(a)(1); one count of illegally storing explosives in violation of Title 18, United States Code, Section 842(j); and one count of mailing injurious articles in violation Title 18, United States Code, Section 1716. Mr. Ver, 22, of San Jose, was charged in an information filed in federal district court on August 8, 2001. According to the plea agreement, Mr. Ver admitted to engaging in the business of selling explosives without a license from January 1999 through August 2000. According to the information and plea agreement, Mr. Ver sold explosive devices described as "Pest Control Report 2000" on the online auction site eBay. He purchased approximately 49 pounds of the devices from a supplier in South Carolina, and sold at least 14 pounds of the devices to bidders on eBay. While engaging in the business of selling explosive devices, Mr. Ver stored the explosives in a residential apartment building and mailed the devices via the United States Mail in a manner contrary to Postal Service regulations. Judge Fogel sentenced the Defendant to 10 months in federal prison, a fine of $2,000, as well as a three-year period of supervised release. The Defendant will begin serving the sentence on August 2, 2002. The prosecution was the result of an investigation by the Bureau of Alcohol, Tobacco, and Firearms. Scott Frewing is the Assistant U.S. Attorney who prosecuted the case with the assistance of Legal Assistant Lauri Gomez.

For the last time, geeks should not open financial service businesses just because they can make the website and fire up some hardware Look at the financial ruin caused by this in bitcoin already (FFS WITH THIS SAME SOFTWARE!!!!)

Financial services professionals should hire geeks to execute their ideas.

Since we don't know unclescrooge, as a person, we should give him the benefit of the doubt.

Please do not sell hash power like this.

Services like Hashpower and GPUmax are fundamentally bad for Bitcoin. They decrease the security of the network and increase the risk of double spends. They are inherently against the basic design of Bitcoin which is that by mining, miners express their support for a particular chain. By selling your hash power to anonymous miners who may or may not be doing things you would agree with, you make it radically easier to mount an attack on the network.

If the owners of hashpower.com were here, I would ask them to shut their service down. But as they aren't, I will ask you to boycott it instead.

Never forget that mining is voting. It is not just a way to make a quick buck. If you sell your shares you are selling your votes.

Have these adverts had any effect MPOE-PR?

No, that really was no joke or stupid PR gag. But when one door closes another opens. I will publish details regarding our solution soon.

One bitcoin-funded debit cards become available my need to hold dollars in a bank account will be virtually eliminated. If I wanted to I could could convert up to 100% of my traditional income into bitcoins but presently this would require a fair amount of manual intervention.

What I would like to see is a service that assigns me a routing number and account number which I can then give to my employer for direct deposit deposit purposes. Then I'd like for any dollars that are sent to that account converted to bitcoins at a reasonable exchange rate and sent to me.

This can't be difficult technically - are there any laws or regulations that would make it impractical? If not, it would make sense for the payment processing companies especially to consider offering such a service. If a payment processor can get some of the dollars it needs to pay merchants directly from other customers instead of from an exchange it would be result in lower costs for everyone involved.

In issue #3 there are at least 2 articles where a chunk of text is repeated. In the article about Wikispeed there is this part that is in the early part of the article and then repeated at the very end:

"We've received 13 bitcoins... THANKS..."
"Most people would scoff at the amount..."
"I am glad to have donated..."

In the article about the "other" Bitcoin logo there is a huge part at the end of the article that is a repeat from earlier. This one should really have caught someone's eye before it was printed.

Overall I'm happy with the magazine but don't forget the proofreading guys!

Was there ever a post on selling PUTs?

So someone put up some fairly serious coin (maybe ~30K BTC) as surety to be able to sell those PUT options.

Sebastian- with all due respect, you are wrong. James has made token payments of less than 10% of the cash value that is owed out there, and has now conceived this convenient "double payment" storyline to cover for why he is not taking further action. He is just trying to find the balls to make off with the rest and deciding if it is enough to live a life on the run. The only name that matters is James McCarthy. Who he may have sent payments to or not is irrelevant and not an excuse for holding anyone's money. Just as it is equally wrong for the other GLBSE/BitcoinGlobal owners to hold the money that they have and not make refunds with it.

That's my guess.  Heck, if I had $250k that I had to recover through monthly profits in the 4 digits, I'd probably be pretty discouraged as well.

It's really, really sad.

Apparently neither do you.

Thanks for feedback.

The project focused to start with most often used functions, which, hopefully, password reset isn't. The form for that, using "sign message" function of the bitcoin address you have provided on registration is fully specified and will be done. Until that time, in case the need arises, we can resort to using GPG encrypted e-mail or similar method.

As for two factor authentication, we agree it is important and can't even think to go out of beta without it. The withdrawal form already has some weak protection by one-time token and by the time the withdrawal is processed (while the balance is subtracted immediately, so user has some time to react). We still aren't decided which method to implement with our limited budget - even the thread you recommend did not agree on best way how to do it. It discusses mostly browser session hijacking, against which the browsers are increasingly patched, but not phishing or hacking GMail account.

Thanks, I found it very interesting.

heh - thanks for this nice story from Gibson.. I love that guy scince 1999    This link was such a pleasure to read.. Thanks You MPOE-PR !

 1. Are you really supposed to hand over your full banking credentials to a third party? What would your bank say about that?