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4641  Economy / Securities / Re: Looking to buy options contracts (100btc per contract) on: August 28, 2012, 01:40:51 AM
Contact me if you are interested in selling such contracts.

You could list an offer on #Bitcoin-otc.com

You can even use a calculated field so that the strike price is relative to the last trade (e.g., so you always have the strike price in the money),

For the option to sell 10 BTC before September 28, 2012, at 5% above the current exchange rate (i.e., you are buying an in the money PUT option)  (

;;sell 10 btc at "{mtgoxlast}*1.05" USD "PUT option premium $0.75 USD/BTC expires 28Sep12. escrow of USDs required."

So if the current price is $11, the strike price would be $11.55.

With these terms, you pay 10 X $0.75 USD ($7.50, or equivalent in BTCs) to the PUT seller, the PUT seller sends to escrow $11.55 X 10 ($115.50) plus whatever the escrow fee costs.

If you wish to execute at any time before Sep 28, 2012, you send to the escrow 10 BTC and and the escrow will send to you the $115.50.   If the option expires, the escrow sends the $115.50 back to the PUT seller.

 - http://wiki.bitcoin-otc.com/wiki/Option_orders#PUT_Options_using_Escrow

[Edit: Corrected the escrow amount to reflect the actual strike price.]
4642  Other / Beginners & Help / Re: Money Laundering on: August 28, 2012, 12:01:29 AM
then how will BTC explain this or make it legal.

Are you asking how a technology protocol will explain something?

Bitcoin is not a company, it is not a bank, it is not an organization.  It is a protocol.  There is a Bitcoin.org client what talks on that protocol.  There are others that do this as well.

If there are transactions that an agency wishes to look at, all bitcoin transactions that cross the network are collected in each node.  So the data is there, it just doesn't give much info.   And some transactions occur from hosted (shared) wallets, so there is less information available.  And for even better privacy, there are mixing services which blur the trail even further.

But cash also has the characteristic of not revealing a whole lot of information.  When you receive cash from someone, how does an agency know about that?  They don't.  You have the ability to transact in privacy with cash.  And life continues even with that situation.
4643  Alternate cryptocurrencies / Altcoin Discussion / Re: Is there any default URL for polling, getwork, long poll etc. on: August 27, 2012, 11:50:54 PM
So, I was trying to build a LTC miner for browser, in Javascript. But as far as i know, there is sth at ozco.in 's pool ('lc.ozco.in/LP'=>'Long Polling') is for these funcion. Do anyone knows is there any other function that is default in those pool that I could do those getworks postworks using just browser's function.. like ajax?

Please change this post's forum board to the Alternate cryptocurrencies board:
 - http://bitcointalk.org/index.php?board=67.0

(You can do this using the link in the bottom left.)
4644  Economy / Goods / Re: What gift cards do you want? on: August 27, 2012, 11:49:31 PM
Is anybody here looking to buy gift cards? If so, which stores are you interested in and how much would you would be willing to pay for the amount you're interested in?

CellCoin, BitcoinWireless.com, and BTCBuy.info are competing for prepaid phone card already.

SpendBitcoins had been offering Kroger (Ralphs, and others), Costco, and Southwest Air among others but got out of the U.S. market recently.

I'ld like to see the ecodes / vouchers for Alice.com be offered.  There are a lot of people who don't spend much but do buy foodstuffs and other items, and Alice is ships anywhere in the U.S.:
  - http://www.Alice.com

Keep in mind, you are now competing against 1% withdrawals for PayPal (which can be used for purchases using the PayPal Mastercard debit card).  And then the BitInstant debit card (if / when that actually comes out) is 1.5% fee.

But for things like a gas card a parent might buy for a student, even a little premium might be acceptable.

If there are cards you can obtain at a discount, then that is where you have an advantage where you can sell them at face value or so, and profit from the difference.

4645  Other / Beginners & Help / Re: Litecoin transaction fees. on: August 27, 2012, 11:27:35 PM
i dont care even if my transaction are processed slowly i only want to find a way to remove the fees.

Are you still stuck only able to post in Newbies?
4646  Other / Beginners & Help / Re: Anyone from or know about Iran? on: August 27, 2012, 11:25:51 PM
Is anyone from IRAN here?

if yes, I was yes curious to know the situation of bitcoin there.

There is an Iranian digital currency exchange:

 - https://karsha.biz/?do=contact

Also, BitcoinNordic.com now accepts CashU cards, which is used in much of the Middle East.  It looks like years ago they had locations where the cards could be purchased in Iran, but not anymore.
4647  Bitcoin / Bitcoin Discussion / Re: Improving liquidity for small payments - collateral & chargebacks on: August 27, 2012, 11:09:11 PM
For example could a Paypal-like service be started where the user buys Bitcoin with his credit card,

No, sorry.  PayPal's user agreement prohibits their payment network for use in currency transactions or exchanges.

How long does it take until a credit card user can no longer request a chargeback, i.e. what is the chargeback "statute of limitations"?

180 days.


EDIT: I know Bitinstant does provide some good services along these lines, but I'm thinking what it would take to allow a user to do this without withdrawing cash or going to any physical deposit location.

Dwolla works well, after you get past the 30-day probationary period for new users before those funds can hit a few high-risk accounts, such as those for Bitcoin merchants.

VirWoX accepts credit card purchases for Second Life Lindens (SLLs).  You can then trade SLLs for BTCs using their exchange.

 - http://www.VirWoX.com

Physical bitcoins are available with credit card:

 - http://memorydealers.ecomm-search.com/search?keywords=bitcoin

4648  Economy / Service Discussion / Re: Anyone having problems with Bitfloor withdraw? on: August 27, 2012, 10:59:34 PM
Having the tx in limbo prevents me from doing anything else to resolve it.

Is it possible it went to the deposit address for another BitFloor customer and thus never hits the blockchain?

Since you can never prove the funds were sent in this instant, it is probably best to withdraw to your own wallet first.  Sure it takes one confirmation (or use a fork that doesn't require that) but then if this "internal transfer" is what happened in this situation, you'll never run into it again.

Mt. Gox withdrawals have the "Open transaction" flag which, if the checkbox gets marked, causes the transaction to always hit the blockchain, regardless of whether or not it is to another Mt. Gox account.
4649  Other / CPU/GPU Bitcoin mining hardware / Re: Having a bit of difficulty deciding what hardware to get on: August 27, 2012, 10:45:55 PM
Have a look at this spreadsheet I knocked together:

BTC calc spreadsheet

In that you show that you pay 11.4 cents per kWh.  That's average.  That isn't low enough to mine using a GPU where you will still be able to compete when in less than 100 days the block reward subsidy drops to 25 BTC per block.

If you had thee cents per kWh, maybe you could extend your GPU mining a bit longer, but at 11 per kWh, that isn't going to work unless the exchange rate goes up to $15 or more.  And if that is what you are counting on, why not just buy bitcoins and take immediate advantage of the exchange rate going up?

If you have GPUs and average electric rates or less, then milk them until December or whenever but do the math.  Half the revenue does not mean half the profit, it means for most everyone that you are then mining at a loss.  You are paying more for the electricity than the value of bitcoins you are receiving.
4650  Bitcoin / Bitcoin Discussion / Re: The bitcoin wiki needs help on: August 27, 2012, 10:25:06 PM
With this post I would like to both advertise to use it and ask how people get more rights there aka. who's in charge?

 - http://bitcointalk.org/index.php?topic=36316.0
4651  Economy / Trading Discussion / Re: MtGox - mysterious bids/asks just 0.001 BTC lower/higher on: August 27, 2012, 10:21:46 PM
Having worked with the MtGox websocket API I am convinced that is impossible for a bot using this API to react that fast. So it must be *something* inside the MtGox system placing those orders. imho.

Does their socket.io provide this capability, and possibly faster access?
4652  Bitcoin / Press / Re: 8-27-12 Bitcoin Savings Trust Pyramid Scheme Shuts Down on: August 27, 2012, 09:39:51 PM
I wonder if as much attention goes to the ponzis that used dollars instead of bitcoins.

ZeekRewards used dollars and had TWO MILLION people invested:

  - http://www.forbes.com/sites/jordanmaglich/2012/08/27/up-next-for-zeekrewards-ponzi-scheme-victims-clawbacks/

Other ponzi’s in the news recently:

  • James W. "Bill" Bailey
  • Steven Bingaman
  • Full Tilt Poker CEO Raymond Bitar
  • Robin Brass
  • John Clement (Edgefund Capital)
  • Brendan Coughlin, and Henry Harrison (Provident Royalties LLC)
  • John W. Cranney (Shaklee Corp)
  • Ramon Desage (Cadeau Express)
  • Gordon A. Driver (Axcess Fund Management LLC)
  • Jedidah Duarosan
  • Archie Larue Evan (Gold & Silver, LLC)
  • Mark Feathers (SB Capital)
  • Alan G. Flesher, Wayne D. Flesher, and Nancy Carol Khalial (UCI-Unlimited Cash, Inc. / Ad Toppers)
  • Celia Gallardo (Gold Feather Realty, Gold Credit)
  • Allen R. Jacobson (Management Solutions Inc)
  • David Lincoln Johnson (Financial Solutions,, Gentech Fabrication, Inc.,)
  • Chetan Kapur (ThinkStrategy)
  • Thomas E. Kelly (Seneca Group)
  • Stephen J. Klos
  • Jeffrey Lowrance (First Capital Savings & Loan)
  • Peter Madoff
  • Brian Keith Miller
  • Ward Onsa, (New Century Investment Management)
  • Terrance Osberger (Eagle Trades, Ltd)
  • Wayne L. Palmer (National Note of Utah, LC)
  • Gurudeo ‘Buddy’ Persaud (White Elephant,)
  • Aubrey Lee Price
  • Richard F. Reynolds aka Richard F. Adkins (Buffalo Extension and Buffalo Exchange)
  • Eric Schmickle (Q Wealth Management, Aquinas)
  • Allen Stanford (Stanford Financial)
  • Arthur Strasnick (Backstreet Associates Inc.)
  • Ron Wilson (Atlantic Bullion & Coin)

All these were compiled in a blog post (and none were Bitcoin related):
- http://theponzibook.blogspot.com/2012/07/july-2012-ponzi-scheme-roundup.html
4653  Economy / Currency exchange / Re: WTB (I want to buy) 50 BTC for WF online transfer or PP on: August 27, 2012, 06:55:21 PM
Can pay WF transfers (recomended) or PP.

When you refer to a "transfer" are you referring to the ClearXChange service, which underneath sends the funds as an ACH / Direct Deposit?
 - https://www.clearxchange.com/payments/home
4654  Economy / Currency exchange / Re: Bitcoins Direct - Private off exchange sales (Update: coins available again) on: August 27, 2012, 06:53:47 PM
Accepted Deposit Options:
  • Cash deposit at any Bank Of America or Wells Fargo branch

Both of those institutions support ClearXChange (which is like PopMoney), where transfers end up going through as ACH, but where funds are drawn instantly  and notification to the recipient is real-time.
 - https://www.clearxchange.com/payments/home

Is this a method you would accept for payment?
[/list]
4655  Bitcoin / Bitcoin Discussion / Re: Bitcoin is NOW at the PAUL Festival in Tampa on: August 27, 2012, 10:31:21 AM
and how does one redeem bitcoin paper like those ron paul notes?

Mt. Gox will let you redeem a private key.  So will the Blockchain.info (web wallet).
4656  Other / Beginners & Help / Re: anyone reckon the value of bitcoin will double in the next 12 months? on: August 27, 2012, 09:27:41 AM
I wouldn't be surprised. I don't think the price will go below $6, and I don't think it'll go above $30 in the next 12 months.

That's only a little over double from where it is right now.  In 12 months?
4657  Other / Beginners & Help / Re: HDD crash - wallet recovery on: August 27, 2012, 09:25:06 AM
 - http://gary-rowe.com/agilestack/2012/08/17/how-to-recover-your-bitcoins-from-a-failed-hard-drive/
 - http://bitcointalk.org/index.php?topic=25091.0
4658  Other / Beginners & Help / Re: My Thoughts on the Pirate Business on: August 27, 2012, 08:46:52 AM
I find the threats or at (least suggestions) of violence to be objectionable. Not only do I believe these threats to be illegal, I also consider them immoral. Likewise the suggestions of involving his family in the retribution I find *doubly* objectionable.

I concur.

Do you have the ability to "report to moderator" (link in each post) for any posts or replies that you find objectionable?  I've reported a few myself.
4659  Economy / Currency exchange / Re: [Selling] Liberty Reserve 1:1 for anything. on: August 27, 2012, 06:06:00 AM
MTGOX-USD-X54PK-[edited]

I'm just seeing the abject horror of the sending of $1,000 worth of value that can be redeemed by anyone sent through e-mail in clear text.

Not just once, but twice -- as each side did  Shocked

Can I suggest next time using GPG and encrypting it with the recipient's public key?
4660  Economy / Currency exchange / Re: I have Bitcoin I'd like to exchange for Liberty Reserve USD ASAP on: August 27, 2012, 05:51:52 AM

LR is back online.  Hit refresh in your browser if it still shows the "site is down" message.

 - https://www.libertyreserve.com/en/login
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