For scorekeeping purposes, this is the first weekend since mid-May that The Weekend Dip Indicator has flashed GREEN. Not only does it show that we are in a 7-day downtrend versus the previous 7-day period (as-of Wednesday evening in the west, Thursday a.m. in the east) but this is a 3-day weekend in the U.S., so there's an extra day to dip. - http://bitcoincharts.com/charts/mtgoxUSD#rg10zigDailyzczsg2012-08-16zeg2012-08-31ztgSzm1g10zm2g25So, at this moment the BTC/USD is about $10.70. Applied properly over the past 18 hours maybe the level was a few cents higher, but $10.70 is a good spot to mark. Let's see if the pattern repeats where selling now and waiting through Saturday afternoon (west) or Sunday am (east) with cash ready to buy those coins back at better prices ends up being a profitably strategy. Banks in the U.S. are closed Monday so even if there is a rise on Sunday (west) it might still pay to wait a bit before committing all funds back in. The sellers will be selling on Monday too and they don't need the banks to be open, but the (bigger) buyers who wire in new funds do! Because BitInstant accepts cash over the weekend (available in U.S., Brazil and Russia), it is possible that a sharp dip will have a sharp recovery as well, but there's only so much in reserves at BitInstant -- probably not enough alone to worry about. Let the sellers come to you. Good luck, fellow Weekend Dippers! Disclaimer: There are no guarantees. You may lose money following this strategy. |
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U.S. dollars must be accepted for all debts, public and private.
Not where I live... Did he operate in your jurisdiction or did you send your funds (through the interwebs) to him in his? On the bolded part, are you sure the price is indexed to the value of the asset at the time of the loan or at the time of discharge? Or would he owe 100BTC * 1.06 = 106BTC, payable either in the terms of the contract (BTC) or in the equivalent USD?
If it wan't obvious, I am not a lawyer. I was stretching to make that argument. If that were treated that way, commodities and futures exchanges wouldn't exist, I presume. But I tossed it out there, devil's advocate style. |
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Usury
Usury refers to the charging of an exorbitant interest rate on a loan. Texas state laws specify maximum legal interest rates for certain loans like commercial loans.
Commercial loans are made primarily for the operation of a business or for investment, agriculture or similar ventures. Commercial loans are authorized by Chapter 306 of the Texas Finance Code and can not bear more than 18 percent of interest annually although the loan may float with inflation to 24 percent. Commercial loans exceeding $250,000 can bear up to 28 percent.
- https://www.oag.state.tx.us/consumer/loans.shtmlSo, you loaned money to BS&T. Say it was 100 BTC on April 30 and the exchange rate was $6. So today, four months later, you are owed no more than $600 principal plus $36 interest (calculated as 4 months at the maximum 18% APR, any more and that is unenforceable as it is legally usurious). So he pays you $636 and he has settled, in full. U.S. dollars must be accepted for all debts, public and private. If you would like that as 58.7 BTC ($636 paid out at today's exchange rate) I'm sure that it would be acceptable for you to request that as your payment method. |
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Currently supported shortcuts:
-from: your wallet
--to: MtGox deposit address
--to: MtGox voucher code
Very nice. Two questions. 1.) I might want to enter the amount in USD or other currency, and not have to do the conversion to BTC myself. (Think of this being used by a merchant who only knows fiat.) Could you make the currency selectable and convert to BTCs based on the BTC/USD (i.e., converted using BTC/USD or the value from another currency using Google currency converter (e.g., to convert from $10 GBP to USD http://www.google.com/ig/calculator?hl=en&q=10GBP=?USD then convert to BTC using the last BTC/USD trade?). 2.) Would you consider adding either a QR code or a link to display the QR code (URI format with both the amount and the Bitcoin address, bitcoin:1PC9aZC4hNX2rmmrt7uHTfYAS3hRbph4UN?amount=1.234 ) For example, BitPay does a good job with the UI for this: https://bitpay.com/cart?id=iFj4uQXWxH96Pc3TZ8rd_WJiQCn72sE-jHBkHEEkvYk= (then click the "Checkout Now" Bitcoin button to see the UI) |
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ich möchte Egopay gegen Bitcoins wescheln.
It is a horrible rate but you can cash out bitcoins to EgoPay here: Converted using Google Translate: Es ist eine schreckliche Rate aber man kann auszahlen Bitcoin hier EgoPay: - http://www.ecurrencyzone.com/sell.php |
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2. Can I somehow view the details of my wallet? I imagine that I could send the offending small inputs away to a different wallet, if I only knew their exact face value and the order in which they appear in the wallet. 3. Is there any other way to "clean" my wallet, or reorder the items in it so that the offending items will be selected last instead of first?[/quote] The bitcoin.org client doesn't provide a method to remove addresses. Pywallet does allow wallet surgery like that (-dumpwallet). Just make sure you make a backup prior to touching it. You could list the transactions and for those with large enough unspent amounts you could then from a new wallet import them individually, giving you a wallet without the smaller transactions -- if those are what is really causing your problems. I'm not sure if this does anything to help, but have you tried launching with a -rescan? I also read that there might be a recovery mode in v0.7, I'm not sure if it made it in: - http://bitcointalk.org/index.php?topic=82070.msg904478#msg904478That is still in testing though it is a RC. I don't know that I'ld trust it with a wallet holding a larger amount of coins in it. As long as you have the private keys, you can be assured that you can spend the funds eventually, so the problem is simply being able to use the existing wallet.dat from your client. Right now I am thinking about this resolution strategy: [...] Obviously this method is costly because of the TX fees involved.{/quote]
The transaction fees are based on the amount of data, and not necessarily on the number of transactions. You might have transactions that cost way more after considering the fees than their value (e.g., the minimum commission on losing bets returned by SatoshiDICE when the wager was small).
Perhaps in v0.7 will be the fix, if you can wait. If you can't then manual transfer of the keys (excluding the worthless ones) to a new wallet will solve this. |
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Seals is gunna have a huge party, I don't care when it happens :-) The even needs a name. "Block reward adjustment day" doesn't necessarily roll off the tongue. Some might refer to it as their GPU retirement day ..  |
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Doh! I hadn't noticed that and had typed more than I really wanted to lose. Fortunately, after hitting submit and seeing that the page was served by Cloudflare, I was able to use the Back button to be able to copy to clipboard what I had typed. So anyway ..., simply reporting that the site is offline. |
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3,430 words and not one was "audit" or "verify" (well, verified was there, but verifying the investor not verifying the investment). Stephen: thanks for raising this point, because in fact transparency and verifiability is exactly what this structure is designed to provide: what I'm envisioning is that the Fund itself (which will hold the US Dollar cash and cash equivalents) would be structured as, say, a Caymans Trust. This time I tried reading rather than just scanning the OP and I comprehend even less now. One reason is that I'm not familiar with offshore investment concepts therefore I'm probably overlooking something that you are assuming is common knowledge. So let me try asking the first basic question. What problem are you trying to solve? Because I can convert BTC to USD, then wire those USD to any existing brokerage account or offshore fund (either directly, or through my own account), why does a USD fund need to have any concept whatsoever of bitcoin? Look at ARS on GLBSE - Argentinian pesos deposited in a bank account. - https://glbse.com/asset/view/ARSWith that though there is external counterparty risk, wtih GLBSE, with the issuer of ARS, with the bank where those funds are deposited at even, etc. Is that what you are describing offering for USDs, except yours wouldn't be going through a GLBSE? |
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I'm tempted to bet on December 21st 2012 as the date the first block of 25 is generated. Isn't there a site somewhere that we can make that sort of bet?
You'ld lose choosing that late of a date though. The range of likelihood is now between late November and early December. - http://betsofbitco.in/item?id=312 |
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Absolutely. For you, I'd consider sending coins up front.
Heh, I appreciate that. Though you'ld been involved in bitcoin projects before I even knew what it was. :-) |
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I did save my whole old GnuPG folder when I backed up stuff, though I don't think I have the proper keys to import into GPA.
The public and private keys are stored in the storage keyring namely pubring.gpg for public keys and secring.gpg for private keys. If you have those, you can import them. Don't overwrite the file that exists on your new installation. In fact, in the directory from the old computer, rename the files secring.gpg --> secring-bak.gpg and pubring.gpg ---> pubring-bak.gpg Then: gpg --import pubring-bak.gpg gpg --import secring-bak.gpg |
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December 3rd now. If it continues increasing, even to a lesser degree than we've been seeing recently, Block 210,000 will end up occurring in November. - http://bitcoinclock.comIncidentally, the difficulty will adjust at block 209,664, about two days before the block reward adjustment occurs at 210,000, so even if a bunch of GPU miners drop out immediately, the difficulty will stay higher for the remaining 1,680 blocks -- possibly extending that difficulty adjustment period out several additional days (adding a little insult to the 25 BTC per block injury.) |
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Bitcoin for campaign contributions passes muster with NH Deputy Secretary of State August 29, 2012 Location: New Hampshire, U.S. Abstract: NH State Representative Mark Warden consulted with NH Deputy Secretary of State regarding whether bitcoins can be a method for campaign donations. - http://bitcointalk.org/index.php?topic=104544.0Conclusion: OK as long as: 1. Donations be accompanied by the donor's name and address, and 2. Contributions are acceptable only from US citizens and permanent residents. |
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stop check fees O.o cash handling fees. Yes even cash has a fee. Out of curiosity, can you share what the rate for that is? |
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If ASICs are ubiquitous, you can expect the ASIC energy output to come close to that of GPUs, there will just have to be a lot more of them mining.
Today a typical rig costs a thousand dollars for the hardware and consumes $75 / month of electricity. Amortize that 18 months, and you have roughly 40% of the monthly costs going to the hardware and 60% going to electricity. A thousand dollars worth of ASIC (e.g., a 1/15th of an BFL SC mini rig) consumes about $10 / month of electricity. Amortize that the same 18 months and you have roughly 85% of the monthly costs going to the hardware and 15% going to electricity. ASIC mining is 7.5X more efficient then (consumption of $10 / month of electricity versus $75 / month) when including the amortized cost of the hardware. The unknown is how long to amortize. if it is longer than 18 months then electricity as a % rises. If it is shorter (e.g., faster ASIC comes out) then the cost of electricity as a % of expenses drops. So I don't think today's miners will be consuming anywhere near as much electricity (e.g., 7.5X less in the example I just gave) with ASIC presuming they aren't going to increase their investment over what they were spending for GPUs. |
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does anyone take ? serve funds?
Serve is on the same level as PayPal as far as it being trivially easy to do a chargeback after the bitcoins are sent. The reason there are so few options with PayPal as payment is that PayPal expressly prohibits a merchant to use PayPal for the sale of Bitcoins. Additionally, because the payment can be charged back easily, merchants that have some angle must charge a higher fee to do so. You are trying to exchange "soft money" for "hard money". - http://en.bitcoin.it/wiki/Payment_methodsYour Serve debit card can be used to purchase by using VirWoX where you can buy SLL using your Serve card as a credit card, then trade SLL for BTC: - http://www.VirWoX.comThis does't help you right away, but in the future you can buy physical Bitcoin, paid for with credit card: - http://memorydealers.com/catalogsearch/result/?q=bitcoinBut quite simply, depositing cash at a bank or 7-11, Walmart, CVS is going to be the fastest and easiest way. - http://www.Bitfloor.com (Deposit cash at any Chase or Wells Fargo. No fee) - http://www.BitInstant.com (Deposit at major banks, 7-11, Walmart, CVS, Moneygram, etc., or in Brazil using Boleto or Banco Recomendito, or in Russia, using Qiwi or Cyberplat.) - http://www.CAVirtEx.com (Deposit cash at several banks) - http://www.Spendbitcoins.com (Deposit cash at a bank in Australia) - http://www.MrBitcoins.com (Deposit at a bank in U.S., India, Australia) - http://BitcoinNordic.com (Purchase CashU or UKash in dozens of countries) Or find a local trade: - http://www.localbitcoins.comAll kinds of options: - http://en.bitcoin.it/wiki/Buying_bitcoins |
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If you simply need to send PayPal funds as a person-to-person transfer, you can do that without having a PayPal account yourself. - http://www.FastCash4Bitcoins.com and choose the PayPal withdrawal method. If instead you need to go through an online checkout, then yes -- that would need to be from the owner of the account. |
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1. I have an old wallet saved (unencrypted) with a few coins on it. I took this off my old computer and just downloaded the bitcoin client again. Is there a guide to plugging those coins into my new client? I figure there is a guide around somewhere, but though I could ask.
2. More pressing and difficult.. I used to use Bitcoin OTC way before you needed to do some sort of PGP Authentication to even join the channel. In general, I had problems using Win GPG or whatever it was called, so there are probably keys from a few attempts sitting around on my old computer. I need to figure out what I am looking for and how to join OTC again. What am I looking for and how do I do this?
For your wallet, you can simply overwrite your new install with the wallet.dat from the old computer -- assuming you haven't used the new wallet yet. Just close the client, and copy the file in to the Bitcoin directory. - http://en.bitcoin.it/wiki/Data_directoryFor the -OTC, if you've already registered a username in the Web of Trust (WoT), then you will need the GPG private key from the old computer or from a backup to authenticate into that username. - http://bitcoin-otc.com/viewratings.phpJust to be clear, the IRC nick doesn't necessarily need to be the same as the WoT username. It is more convenient and less confusing if they are the same, but there's no requirement that they be the same. So if you don't already have a a WoT entry, you can register as if it is the first time. If instead you already registered and need to bring your GPG private key from your old computer, then there will be a different set of steps. Generally, you want to, from the old computer, export the key. Then on the new one you import the key. |
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