It's vague on the website and I suspect that Andre never enforced the limit anyway. He was shonky about everything else. Default maximum account size limit is AUD 5,000; if you would like to raise this limit, please submit a Request to Support and we will guide you through the AML/CFT process as mandated under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. (AML/CTF Act) received Royal Assent on 12 December 2006. There's actually nothing in our AML/CTF Act which operates to limit the size of accounts. I'm convinced he just put that there for show. There's actually nothing in the code to limit balances either. The per-account setting only changes the text that displays the "limit" to the user. Aah, I personally kept to that limit as it seemed sensible for my own risk limitations. I thought it was added to prevent him from being sued by any specific party for significant amounts. |
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Buy half in a way that is as under the radar as possible...do some p2p buys with cash, hit the smaller exchanges, do some trading on mtGox catching any downward pressure.
Then take another million and jump on mtGox with it. Create a huge million dollar bid wall and spread the word that you are buying a buttload.
You will get a good rally going with your first $400k then start to remove some of your bids with the rest of the $500k as the market takes over the rally.
Your 888'th post and it sounds like a winning strategy  *thumbsup* from me |
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John raises excellent points in this article.
"We demand you give us the private keys to these addresses within 24 hours!"
Transfer bitcoins.
"Here ya go"
FreeMoney raises an excellent countermeasure against Easily done with a 'panic button' script that can broadcast all your coin to a laundry service into your own personal and more private brain wallet or friends/family/spouse's wallet. For how long can you be jailed for contempt of court? In a quite recent similar case, Martin Armstrong was held for 7.5 years in prison without a trial, in contempt of court. He insisted he didn't know where the missing gold was and court insisted he did ... essentially. The bigger issue this raises for me is how ready people are to blow-off clearly corrupt court rulings and look for other ways around the "problem". The longer the courts go on rubber-stamping facistic, totalitarian unconstitutional govt. decrees the more respect they lose. This is a dangerous situation for the society to head into. What happened to the days of innocent until proven guilty? |
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Maybe between Monday and Thursday after work drinks somewhere central, Martin Place?
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John raises excellent points in this article.
"We demand you give us the private keys to these addresses within 24 hours!"
Transfer bitcoins.
"Here ya go"
FreeMoney raises an excellent countermeasure against Easily done with a 'panic button' script that can broadcast all your coin to a laundry service into your own personal and more private brain wallet or friends/family/spouse's wallet. |
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I definitely would not make this public or you will get speculators trading against you to take a slice of your $1m (by artificially inflating prices).
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Yeah the forum is a great place, when I havent got time i reddit and all bitcointalk posts of significance are usually on the top so there's a bit of overlap.
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I'm in Sydney Deffo up for meeting a few peeps |
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I've recently moved into a very remote location. No power, water, phone service, etc. So getting online is a challenge. I'm using computers a lot less these days generally.
Where are you now? |
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Would you say the majority of creditors hold < $500 balances? If there are a lot of these accounts then my guess is at this stage, the customers involved have either forgotten or dont care anymore or have written it off as an annoying loss.
I would say, assuming 1 BTC = $11, that the balances break down as follows: 44% < 5c
9% >= 5c < 50c
10% >= 50c < $5
8% >= $5 < $50
16% >= $50 < $500
12% >= $500 < $5000
1% >= $5000 < $50000
So a total of 87% of accounts are less than $500. Thanks for that breakdown dooglus, interesting to see. As for a holding of > $5000. I thought WBX imposed a limit of $5k account balances? Also, glad to see that the majority of customers were not affected to any significant degree (63% with balances of < $5 ) |
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Just checking back into this thread and confirming that I'm still the holder of this debt. I'm will PM my email addy.
I received your details, and those of 2 others. I'm surprised to get so few replies. I guess most people who read this thread will see any announcement I make here and so don't need to contact me directly. That should make things easier. Would you say the majority of creditors hold < $500 balances? If there are a lot of these accounts then my guess is at this stage, the customers involved have either forgotten or dont care anymore or have written it off as an annoying loss. |
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A lot of opinions I'd have to agree with. Feels like a very Darwinian approach of survival of the fittest.
At this stage, any news whether good or bad will help spread the word of bitcoin. I'd rather better than worse though.
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Altho i'm not against it i'm not sure if a separation would be wise.
With india i would susspect that bicoin may at some point become popular as a real currency.
When that happens a lot of naive and uneducated people will enter the scene.
I'm not sure they should be left to be eaten by the wolfs.
Because of the language barrier that would most definitely emerge i fear that the subforum would quickly become a safe place for scammers to seek out their prey, much more so than this forum in general.
At least untill it has sufficient ammounts of experienced people that can guide the rest.
But im not from India and i wonder what you Indian people think of this.
I'm a firm believer in appointing one or two local moderators who are from the localisation country and speak both languages well. (that language, and english) |
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Interesting project. I could see how this could benefit a number of services.
So is this pitched towards existing developers of bitcoin apps/sites? What's your personal goal for the service?
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I personally would love to see a more countries added to the local sub forums. I feel that providing this will help to enable more promotion, local trade and local discussion in countries where bitcoin isn't as well known. Aren't those the reasons why forum communities should exist?
I requested Greek because of the financial crisis there and I got a lot of +1's but the request was ignored. Mods?
Good luck.
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looks like its back up!
but the question remains...should we rely on one central source for information? im willing to donate $40 in BTC to get it going. GLBSE would be a great way to go. but the question remains...what other features would we like? im looking at the people who use sierra charts? are there other indicators in SC that are lacking in bitcoincharts?
I'm willing to put in the work to get something like this up. I have the server capacity and experience. All I need is a collection open source charting tools. Anyone know what bitcoincharts uses? |
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Whats a change address?
https://en.bitcoin.it/wiki/ChangeThis is just an extra address in your wallet that you don't see in your "Receive Coins" tab. Just send your remaining balance to one of your "receiving" addresses and you should be fine. That makes so much more sense now. I sent my entire balance to one of a new receive address in the same wallet and track that single address. Much easier. |
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I'd love to hear your thoughts on the european debt crisis as it obviously defines your current open positions.
Also between the two currencies, cash (lets say USD) and bitcoin. What is your opinion on holding either given they hold totally different properties in terms of inflation / deflation.
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Whats a change address? So the fix is to send the entire balance to a new address within the same wallet and track that new address? |
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I'm holding a savings balance in a secure environment with the bitcoin-qt client (I'll eventually switch this to cold storage). I'd rather hold a smaller day to day transactional balance using the blockchain.info wallet.
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