Ex-J.P. Morgan CDS Pioneer Blythe Masters To Head Bitcoin Trading Platformhttp://www.wsj.com/articles/ex-j-p-morgan-cds-pioneer-blythe-masters-to-head-bitcoin-trading-platform-1426048878Former J.P. Morgan Chase & Co. executive Blythe Masters has become one of the most high-profile Wall Street bankers to join the burgeoning digital-currency sector, taking on the leadership of a new trading platform for bitcoin and other digital assets.
Ms. Masters, best known for helping pioneer the credit-derivatives markets in the 1990s, has agreed to become the chief executive of Digital Asset Holdings LLC, the company said late Tuesday. It was founded last year by Don Wilson, the CEO of proprietary trading firm DRW Trading and Sunil Hirani, the CEO of trueEX LLC, an exchange for interest rate swaps.
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Three Anonymous Bidders Take Home 50,000 Bitcoins In Silk Road Auctionhttp://www.forbes.com/sites/katevinton/2015/03/10/three-anonymous-bidders-take-home-50000-bitcoin-in-silk-road-auction/The U.S. Marshals Service has announced the results of its third Silk Road Bitcoin auction, which began on Thursday. Two winning bidders took home the bulk of the Bitcoin, with one anonymous participant winning 27,000 Bitcoin and the another winning 20,000 Bitcoin, according to USMS spokesperson Lynzey Donahue. A third winner took home just 3,000 Bitcoins.
The USMS would not comment on the price of the winning bids. At current market value, the three winners’ Bitcoin is worth $8 million, $5.9 million, and $0.9 million, respectively.
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I received my payment. Thanks
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Payment received on the exchange!!!
Happy to heard that  and will post after a while list of next users to be paid . So I presume that I will receive the payment tomorrow (due my second registration)? Can you confirm my thought, thanks. +1 Apparently I was also affected by the bug, I'm on that list: https://bitcointalk.org/index.php?topic=877765.msg10651417#msg10651417But I didn't 'rejoin', unless Bitcoin_BOy$ rejoined for me (by resetting etc) Sorry for that , and hope you understand , will check ur payment date tomorrow and fix it . No problem at all, if that bug moved my payment date by one day (enrolled on 3rd, you did the reset on 4th) I'm OK with that. No need to fix it, you can leave it like that. Just wanted to get some clarification on why the payment hasn't come through yet, that's all. Also, when the payment is made, will the 'starting posts' update accordingly and will 'new posts' reset to zero? |
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Payment received on the exchange!!!
Happy to heard that and will post after a while list of next users to be paid . So I presume that I will receive the payment tomorrow (due my second registration)? Can you confirm my thought, thanks. +1 Apparently I was also affected by the bug, I'm on that list: https://bitcointalk.org/index.php?topic=877765.msg10651417#msg10651417But I didn't 'rejoin', unless Bitcoin_BOy$ rejoined for me (by resetting etc) |
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In the coming weeks I want to launch PICISI ...
Why would you post it in BitStamp thread? Is it in any way related or just spamming? |
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Another bitcoin article by BBC, this time the subject is remittance http://www.bbc.co.uk/news/business-31735976Could Bitcoin ease the pain of Africa's migrant workforce?Over 30 million Africans live in the diaspora. They sent almost $40bn (£26.5bn) home in 2014, a figure that is likely to grow significantly in the coming years.
While north African countries such as Morocco, Algeria and Egypt receive the most, east African countries are particularly dependent on remittances.
The average per migrant is almost $1,200, representing 5% of GDP on a country-by-country average.
Yet the cost of sending this money is high.
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We compute the success rate by looking at the total number of parcels sent to a country and comparing it against reports of seizure. In your case, roughly 1 in 10 parcels we send to the UK get intercepted, and we haven't found any correlation explaining when or why they get stopped. The border force seems to be doing manual checks randomly.
By 'reports of seizure' you mean your customers reporting back to you? I reckon some of them would just accept their loss and wouldn't bother to inform you. So the rate could possibly be lower than 90%. Isn't a pack of smokes like £8 over there? You could afford a few seizures in a row and it would still be cheaper to buy them from us. I wouldn't personally call it too big of a gamble, but I might be biased  Yup, it's around £7-£8/pack, but there's plenty of eastern EU cigs on the market, you could buy them for around £4-£5. Personally I haven't pay the 'official' price in years. But your pricing is still attractive. When I run out of my current stash and fail to quit (again) I'll give your site a try. |
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Because they are based on the definition in books which was written at a time when nobody in the academic community could conceive that anybody would use non government money which is backed by nothing.
You seem to accept the fact that there are only 3 types/definition of money: - fiat money - commodity money - representative money and you try to fit bitcoin into one of those categories. If there are only those 3, then maybe 'fiat money' is the only one that Bitcoin can somehow be fitted in. But, as you noticed, that division was created long before anyone even thought of Bitcoin. The logical way, would be just to add another, suitable category ("cryptocurrency"?) rather than doing linguistic stunts of stretching the meaning of 'fiat'. |
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congratulations to our member:  Well done Baloo! I had a good sense to reduce kelly on my investment before his winning streak. Site is still on 3.7 profit, not bad. |
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This guy( Zhan21) of this campaign keep spaming in local board. Non of his post are English. Non-English posts are not disallowed afaik, although he seems to abuse it. If the majority (or significant portion) of his posts are in local board, he'll probably be kicked out from campaign. And if you see someone clearly spamming, just report him to mods, but it's hard to say whether it's spam or not if you don't speak the language... |
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What's funny, is that "fiat currency" is linked to wikipedia entry, where the very first sentence goes: Fiat money is currency which derives its value from government regulation or law. proving her definition incorrect. http://en.wikipedia.org/wiki/Fiat_moneyBut then the Wiki article has been edited by Bitcoin fans specifically so that the definition would exclude Bitcoin. There is a thread about it in the Talk page. The article also says that the alternatives are commodity money and representative money, which fits even less. Didn't know that. But the fact it has been edited doesn't mean it's incorrect. The Wikipedia entry is the top google search result for 'fiat money', the 2nd is investopedia definition, which essentially says the same: Currency that a government has declared to be legal tender, but is not backed by a physical commodity. http://www.investopedia.com/terms/f/fiatmoney.aspAnd if she disagree with that definition, why wouldn't she link to some more reliable one, if there is any. |
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Nice to see Forbes writing articles about Bitcoin. But this I just don't get. The newest fiat currency on the market today is Bitcoin, which I have written about. If you want to make it simple for your children and grandchildren, explain that Bitcoin is an online payment system that can be used directly without a central administrator, like a government body, and has no law enforcement. It is called a virtual currency, which means there is no physical tender.
Bitcoin is a fiat currency?  She (the author) tried to fit Bitcoin into her own fiat definition: Start with what fiat currency is. It is actually “money” that a government, or group of people, decides has value. What's funny, is that "fiat currency" is linked to wikipedia entry, where the very first sentence goes: Fiat money is currency which derives its value from government regulation or law. proving her definition incorrect. http://en.wikipedia.org/wiki/Fiat_money |
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I don't really follow oil market, but can bet my pants the price have been manipulated for political reasons. But looking only at at oil consumption/production predictions, the demand should meet the supply in late 2015, so the price should go up rather than down. Although I may be reading it wrong. http://www.eia.gov/forecasts/steo/report/global_oil.cfm |
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Another Bitcoin related article from Neale Godfrey: A Few Words About Bitcoin... Because Fiat Is Not Just A Carhttp://www.forbes.com/sites/nealegodfrey/2015/03/08/a-few-words-about-bitcoin-because-fiat-is-not-just-a-car/With more and more companies around the world accepting Bitcoin as a form of payment, “fiat” has once again become part of the mainstream conversation, and is not only synonymous with those cute Italian cars. Fiat actually has a strong relation to money, which is why I’m writing about this subject. So, why is fiat currency important? There are global discussions on this topic, which are taking place in boardrooms across the globe. Now, it’s time to move those discussions to your dining room and get your children and grandchildren involved in the conversation.
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Btw, which country do you ship from (couldn't find it in FAQ)? Moldova. Thanks, that would explain cheap prices Actually they mentioned it in FAQ (sort of): All the cigarettes sold on our website are produced either in Ukraine, Greece, Portugal or Moldova, depending on the brand, and we are buying them directly from Big Tobacco’s wholesalers to skip the middlemen. We also pay all the duty excise taxes locally, so all of them have genuine excise stamps on the packs which you can verify. Please bear in mind that the warning messages on the packs may differ from the ones presented and will most likely be in Romanian or Ukrainian language. |
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2. Add a 1k Satoshi chip also. Sometimes one needs to play lots of small covering bets and it would be very useful to have a 1k satoshi chip.
Nah, imo 0.0001 min chip is low enough. To be reconsidered if when bitcoin crosses $1,000 mark again.
I think it is best to have a 0.001 chip ...
I don't think betting/clicking 0.0005 twice is a problem for anyone. Current structure is OK, chip amount increases by x5 (with exception of 0.0025 -> 0.01, by x4). Adding any additional chips in between would just look too weird and messy. |
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Thinking of ordering in the future, could you tell me what the success rate to Ireland is like?
It's about 90% as well, as to most European countries except for the Netherlands and Belgium, where the delivery rate is 100%. 90% seems pretty high, I find it a bit hard to believe. From my own experience, I had cigs sent over to UK from abroad twice (years ago), 1st time it went through OK, next time it got intercepted by customs (never ordered since then). So my rate is 50%, but maybe I was unlucky. But how do you know the exact 'success rate'? Do you have every buyer reporting back to you whether they received it or not? I like your prices, I would orderer a few boxes but I'm bit concerned that may be too much of a gamble. Btw, which country do you ship from (couldn't find it in FAQ)? |
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The point is that maybe there is a way of having a proof-of-work that uses the computational processing power in a more interesting way.
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I would agree with that, but I don't think it's practically possible to implement. Whatever the 'new way' would be, it would take a radical change and there's no guarantee that the new feature won't become 'useless' again in a few years. So let's say we changed the protocol so the mining process also does computation of protein foldings, but very likely at some point the methodology will change and the whole process will become obsolete or ineffective ('useless'). In other words, to even make a serious discussion about such change, you'd need to come up with some universal idea of utilising PoW computations, that you know for sure will be useful 5,10 or 20 years from now. I can't think of anything like that. |
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