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selling invites is highly frowned upon in the torrent community.
either you are new to all this...or your just a dick!
and $20-$30 LOL give me a break!
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why wont mtgox allow the keys they sell work on other websites? seems pretty silly to me.. but nice of them to give out a few free one for high volume traders.
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any generous players wanna throw a new user some chips?!  username? ended up depositing 1btc last night, i was playing with you last night under epicseeds XD |
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Ahhhhhhh so Parapain has something to do with crypto exchange...
I see where this stupidity comes from...
how did you learn this? |
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Someone help me understand.
I see some people here raving against the OP; to some extend even the same people that accuse(d) Butterfly Labs from running a scam and (rightfully) demanding correct information about the company's registration, legal status, location, contact data etc. Some even going so far as putting a bounty on pictures or video of the people behind the alleged scam. Butterfly lab at that time probably held less than a few $1000 of customers money, all of which was protected by paypal policy anyway.
Then we have Bitcoinica, a financial service provider which holds significantly larger sums of money and btcs with zero customer protection and operating in a legal vacuum. All we know about the company is .. nothing (afaik), other than a pseudonym of the guy running it. Its not even disclosed what country its operating from, what legal status the company, if any, has, nothing. Not even the name!
I dont know, but demanding such information is absolutely the right thing to do IMO. If said company is not forth coming with that info, I see no harm in pursuing legal options to ensure Bitcoinica's customers at the very least know who to sue if something goes terribly wrong.
I certainly hope no one here will have to thank paraipan one day for getting that info out, but its not exactly unthinkable. Have we learned nothing from mybitcoin.com?
my god man, have you not read this thread? nobody disagrees with what you said above. yes we expect bitcoinica to publish proper docs. zhou has told us mulitple times it is coming very soon. we are outraged in the manner OP has gone about it. @zhoutong thanks for answering some questions. Can you show us some paperwork on bitcoinica.com, like company registration with the local authorities, and your position in the company ? Contract or similar will do, you can blackout very sensitive information.
Can you do the same for your "business"  indeed but that would be only for my person, as i don't have a company. please keep on topic dude do it.. you have been asked multiple times, yet wont do it! Dude, give the man a break, it's not easy to get €300 to have a registered company, mind you... i dont actually expect him to, nor do i think he should. im just trying to point out how hypocritical this guy is. |
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@zhoutong thanks for answering some questions. Can you show us some paperwork on bitcoinica.com, like company registration with the local authorities, and your position in the company ? Contract or similar will do, you can blackout very sensitive information.
Can you do the same for your "business" indeed but that would be only for my person, as i don't have a company. please keep on topic dude do it.. you have been asked multiple times, yet wont do it! |
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Parapain opened up a channel to the police in regards to a bitcoin business. If anything, he has an opportunity to learn directly from working officials on bitcoin laws in Spain. When everyone's done being angry and realizes that there is nothing the Spanish inquisition can do about a business in Singapore, why not ask Parapain to relay some questions to the police (since they're already looking into it)?
Use opportunities people. The door's already open, let's just walk through it.
I think everyone understands the little significance of his legal filing. Users are merely outraged at the silliness/hipocracy shown. |
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hasnt zhoutong claimed they expect to release public information in the near future? I cant help but feel like OP is like a school boy bringing silly problems to the teacher. does OP REALLY expect bitcoinica to give this information right away? and what IF bitcoinica were deemed illegal and the only way to operate it was to keep this stuff private, what then? you know what, im going to request the spanish government to force satoshi to reveal his identity as well.....  |
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any generous players wanna throw a new user some chips?! |
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I could give a crap if the Bitcoin drops to $1.00, and here's why.
Let's say i buy 100 BTC at $1.00 a coin, which would equal $100.00 (complicated math). An hour later i'll spend or exchange the 100 BTC and they'll be worth $100.00 (give or take a few dollars). I'm not going to be holding onto coins when the price fluctuates so rapidly and i could lose a lot of money. I think it's smart to quickly buy bitcoins, and then quickly get rid of them before they lose value. Someone who stockpiles their BTC could gain a lot of money as well, but i don't think it's worth the gamble.
valid point, but a lot of the money in the market i assume is purely speculative. if speculators disappear --> price goes down. price goes down--> miners leave. miners leave--> bitcoin may die. though i bet there will likely never be a short supply of speculators with big pockets always willing to buy at sub $1 prices. |
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Just to let you know that I'm here to answer any questions you might have about the site.
PS: Please don't do this to my visual cortex ever again.
can you explain what the numbers mean? ive never done betting like this. Say i put 10 btc on the below, what returns will i win for each respective outcome?  EDIT: and also what does current time weight represent? |
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OP im really sorry for your loss. the world can be extremely cruel. last month something similar happened to me and i lost $3k and have been dealing with an extremely upset landlord on late rent.
i hope your luck turns around
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payment confirmed, thanks!
we should turn this into a monthly/weekly thing! id be willing to donate a micro coin to the cause
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+1. USD interest rates are way above anything anyone could get anywhere in the world (without the risk of losing your money).
What's to stop someone depositing $10k, never trading and collecting 8%pa? High reward = high risk. No ifs, no buts.
as the exchange gets more liquid the rates go down... Swaps mean that those buying bitcoin or USD on leverage pay the interest to those providing the liquidity. What will happen in the future is that the starfish will never exist again as those trying to buy new long (or short in a bare market) positions will be facing extremely high swap costs. (meaning there is a huge intensive for people to provide more liquidly to to fund those positions). It is really win-win for everyone  it just seems...too good to be true! ive been warry of bitcoinica from the start, not in terms of shady practices but i just dont understand margin trading. this seems like something that i would benefit from....seems like an un-shade-ified version of bitscalper. is it as simple as just depositing some money or do i need to do something special....i guess its time for me to register an account there and look around. EDIT:  is anyone willing to explain what the above informs us? does this mean I have to deposit money and essentially try to predict a direction (long/short), this must be wrong because its essentially the same thing as margin trading...what am i missing? i see zhoutong slowly bringing some really exciting things. if he does indeed start his own exchange he could potentially allow people to gain interest with their zhoutexchangeUSD credits |
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i dont get this..
i can deposit btc or usd and bitcoinica gives me interest? what risks are involved?
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5 day old domain. OP knows about it before anyone else. Registered in Panama. Op is fluent in Spanish. I wonder where this is going...   |
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We are offering a Debitcard loadable with Bitcoin ( Bitcoin-Debit.com), we would like to get into the forum to be able to participate in the community. USA only. explaination? |
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anyway, this thread should get binned or modified, I certainly didnt behave nice here   |
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