Something where each check has the bitcoin private key obscured by some scratch off material like instant win lottery cards, This project, if I understand it correctly, is a "print-your-own Bitcoin banknote". I don't have a method of applying scratch-off material, and even if I did I would not want someone else figuring out how to defeat this defense without it being obvious my scratch-off layer had been tampered with, and then the notes continue to circulate even though a would-be criminal has begun accumulating the private keys. I couldn't prove that it wasn't me who was the first to redeem the code and transfer the funds back to myself. There is one use case, however, that suggests a change that might be useful with these banknotes: Space for a custom message. Like a memo field on a check. If I am giving these out as a gift, printed on the back of a customer invoice, for instance, I know there will be many of these that will never be redeemed. Since I can keep a copy of the keys, I could reclaim any funds that were not redeemed after a certain expiration date. A memo field would allow me to print a "Redeem by: " date or other way to explain expiry. |
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And I really fear the possibility that a couple lines of code placed in an upcoming "critical update" from Microsoft, placed by a rogue contractor or something like that, will be the largest wallet-stealing event ever. (or an update that has the same end result occurring on Android, etc.).
Your avatar and post, coupled together, is scaring me. Heh. That avatar is just a rock formation on Mars. And I really fear the possibility that a couple lines of code placed in an upcoming "critical update" from Microsoft, placed by a rogue contractor or something like that, will be the largest wallet-stealing event ever. (or an update that has the same end result occurring on Android, etc.).
Are you saying that all that's needed is a couple lines of code to stop one from receiving any type of information on the net that's not an accredited source, e.g., peer-to-peer transmissions? There are a huge security vulnerabilities that have not been employed to-date, but Windows automatic updates is probably the largest. There technically could already be code running on your computers, installed during the last Windows update cycle, just waiting for the right time when it will copy wallet.dat if one exists up to systems under the hacker's control. Is that likely? I would think Microsoft would have better controls on what goes into updates and this won't happen. But that's the key. It isn't under your control, it is under Microsoft's control. And I'm not picking on Microsoft, ... Apple has access to this vector, as does Ubuntu (which isn't 100% open source, and even open source doesn't mean there's no rogue participant), and even Samsung and Google as well (for when they send out new releases of Andoid). If the wallet.dat is encrypted, that makes such an attack much harder (would also require keylogging or other approach that would be discovered well before significant losses occurred, I'ld bet.) But my point is that I don't know that Bitcoin is ready for a "mission accomplished" banner just yet. |
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At some point, the clients can start displaying mBTCs as well.
The Satoshi Client already lets you choose the Unit in which to display amounts  Ah, so it does. And makes me fee much more happy about my balance too (though, I realize, it is just a mental trick) |
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Firstly, make sure you have backups of your wallet.dat. Don't overwrite old backups, just in case. I closed Bitcoin, downloaded the newest version, ran it...and it crashed when loading my wallet. The latest version is more strict. If there's a problem with your wallet.dat, the older versions might not have barked. You might try a completely clean install (remove all files but wallet.dat) with a previous version of bitcoin.exe, like v0.5.4, along with a fresh, already complete blockchain download, and use your wallet.dat. - http://sourceforge.net/projects/bitcoin/files/Bitcoin/bitcoin-0.5.4/ - http://eu1.bitcoincharts.com/blockchain/3) another solution. One option is to have someone technical recover your coins for you and send a payment to you (once you then start over with a clean, encrypted and backed-up wallet). Of course, you'ld only want to do that with someone trusted but I've seen that method recover coins. But that should be a last resort. Try 0.5.4 with a full blockchain first though. Perhaps that will at least get you to the point where you can open the client and send the funds to a new wallet. |
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Obviously I have not been keeping up with the latest bitcoin news & activities, so I'm just now finding out that Tradehill.com is defunct. I never got an email from them when the poop was hitting the fan, and they have not sent my bitcoins back to me or deposited any USD to my Dwolla account. What should I do? I had like 25 BTC parked there!
Here's the most recent thread, which includes the e-mail address to send a claim request. - http://bitcointalk.org/index.php?topic=89024.0 |
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title says it all would like to sell 10 bitcoins smaller safe payments can be requested tell me your rate in a PM and i can say yes or know wanting to sell quick or else i'll probably spend them on something dodgy!
NOTE: Do not reply to this thread just PM me!
thanks
Black
If you can't find a trade here, there are now many options for cashing out to PayPal. - http://fastcash4bitcoins.com - http://www.SpendBitcoins.com - http://www.BitcoinNordic.com There's another, but they happen to be down for maintenance reportedly. - http://QuickBitcoins.net |
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What is the next big hurdle?
We haven't solved that last major hurdles. The client isn't for general consumer use (so what do they use instead). Bitcoins are hard to secure (no multisignature, and even when it exists, it might not be consumer-grade.) And I really fear the possibility that a couple lines of code placed in an upcoming "critical update" from Microsoft, placed by a rogue contractor or something like that, will be the largest wallet-stealing event ever. (or an update that has the same end result occurring on Android, etc.). |
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I would like to trade my MoneyPak (have not purchased it yet but will be between $100-$150 USD), for your bitcoins at current market value of $8.23 / BTC.
MoneyPak are only available in the U.S. There is a minimum fee of $5 (or maybe $4 at Walmart). For the range between $100 and $150, it would either be cheaper or about the same price to use one of the services like BitInstant. Cash deposits for BitInstant, AurumXChange, Get-Bitcoin, and others can be made at major banks, 7-11, Walmart, CVS and more. Why MoneyPak then? And to get the best rate, your best deal is to use BitFloor, deposit cash at a Chase bank, and then buy at market (which is oftentimes a little below Mt Gox's even, due to BitFloor having such fantastic support for USD withdrawals.) So you could save a few bucks going with BitFloor even. So ... I'm stumped. Why MoneyPak? |
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Just one mention of Bitcoin - but nice to see it made the list in a matter-of-fact manner.
Ya, they are just assuming their site visitors either know what bitcoin is and the few that don't should know how to use Google. |
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BTC0.0005 transfer fee would equal $0.01 and above. Talking about bitcoin having free or very low transfer fees wouldn't it be best
One cent per transaction is still a "very low transfer fee". With SatoshiDICE and its competitors gaining popularity, there will be more transactions than space per-block, so the days of bitcoin having "very low transaction fees" is likely about to become "relatively low transaction fees". The 0.0005 BTC minimum fee will become irrelevant and market forces will determine how much the fee will be in order to get included in a block within an acceptable period of time. As far as units, we are already seeing millibits (mBTCs) used more and more. e.g., http://Bitzino.com and http://www.Ogrr.com both use mBTC exclusively. Others will follow. One millibit today (0.001 BTC) is nearly the equivalent of a U.S. penny. At some point, the client can start dislaying mBTCs as well. Technically, there is no such thing as a BTC. At the protocol level, there are only Satoshis, worth 0.00000001 BTC each. - http://en.bitcoin.it/wiki/MilliBit - http://en.bitcoin.it/wiki/Units |
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I dislike the potential burden of having to keep my finances separated -- I should talk to a CPA about that, because I have no idea if I actually have to keep separate bank accounts if I went with multiple LLCs instead of sole proprietorship, which'd be a huge PitA.
If you are using a personal account at the credit union and accepting cash deposits from CU Service Center locations from around the country, you'll probably be getting a phone call from the bank manager soon enough. Incidentally, when I deposit cash at a CU Service Center location (other than at my own credit union), I have always had to show my ID. I've always only deposited to my own account so I don't know what they would have done if the account had a different name on it than mine. |
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The subject is asking the question. If I do work for bitcoin when do I have to classify it as income?
Addressed here: - http://en.bitcoin.it/wiki/Tax_compliance#Are_bitcoins_taxable_if_I_earned_them_by_doing_a_service_for_someone_else.2C_or_received_them_in_exchange_for_something.3FI'm assuming you meant the IRS form 1099? Or specifically, the IRS form 1099-MISC? That is what is sent to the IRS (and a copy to you) to report payments to independent contractors and others where required to do so (generally when payments for the year total $600 or more). Regardless of whether or not this income was reported on a 1099, you still might be required to report it. The amount that would likely be reported would be the exchange rate (weighted average, or last price, or something in that ballpark, as long as it is applied consistently) at the time the bitcoins changed hands. Instead of a 1099, this payment might also be reported using the tax forms for barter payments instead, but I would be that 1099s would suffice. |
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Also, after clearing at 20:00 GMT everyday, if you have open positions, a variation margin is transferred depending on the market price to your account, and "execution price" for this position will be set to the price of the last clearing.
So after 20:00 GMT each day, I lose any record that shows my actual cost basis? Not even in Logs? |
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I've seen in other threads that in the last few weeks SEPA transfers at MtGox have been pretty slow, but my transfer landed on their account more than a week ago, and I still can't see my balance updated. Anyone else whose transfer took that much?
If you hadn't seen this: [ANN] Update on SEPA and PLN Deposits/Withdrawals
Mt.Gox Support
posted this on Jul 20 11:43
We have been experiencing delays with SEPA and PLN deposits and withdrawals recently due to the more stringent AML requirements placed on SEPA transactions as well as the change in how both European accounts will be handled. Prior to this, everything was done in Poland and now we will be moving the process to Japan. We apologize our users for the inconvenience caused. We are working on improving the connection between the Mt.Gox accounts in Europe and the system in Japan to help to speed deposits and withdrawals which requires a rewrite of codes that handle deposits and withdrawals. After this process is completed, both deposits and withdrawals for SEPA and PLN will be back later this week. Thank you for your patience and kind understanding in this matter.
- https://mtgox.zendesk.com/entries/21736783-update-on-sepa-and-pln-deposits-withdrawals |
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Yeah, I believe you'll send the $30. Then I send you Bitcoins. Then you issue a chargeback and get the $30 back.
There is now a service called EgoPay which may or may not be a service owned by Payza but this EgoPay service does allow an accountholder to add funds to an EgoPay account using Payza. EgoPay transactions then are non-reversible. EgoPay just launched, as far as I know, but that might be a way to use Payza to buy Bitcoin (once a Bitcoin trader or two starts accepting EgoPay). |
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Additionally, Payza (formerly AlertPay) is kicking out certain accounts that were "high risk" (MLM, HYIP, etc.). Users can transfer funds from Payza to another service, EgoPay, which is possibly a service owned by Payza. EgoPay transactions are not reversible. - http://www.egopay.comIncidentally, CA VirtEx allows withdrawals to Payza. That means anyone wishing to cash out bitcoins has a way to withdraw the funds to their Payza account. Payza bank transfers to many countries, including India, are then possible. CAVirtex does list in their terms of service that they only serve users in Canada. There does not appear to be any identity verification required though to open a CA VirtEx account, to trade, and then to withdraw to Payza (at least for amounts below their AML dailiy maximums). There are no guarantees with that though.. - http://www.CAVirtEx.com |
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I've seen several recommendations for this book, but haven't yet read it myself. I'm suspecting it would help to understand why so few journalists seem to do a decent story when it involves bitcoin. It is because a decent story wasn't the goal. - http://www.amazon.com/Trust-Me-Lying-Confessions-Manipulator/product-reviews/159184553XHe shows how sites like Gawker, Huffington Post, Drudge, Brietbart, eHow (Demand Media), Daily Kos, Business Insider, and many others have ushered in the return of Yellow Journalism. We now live in an age where the news is manufactured and often based on brazen falsities. Why? Money. To generate a fraction of a cent per page view. Worse, these sites now drive the news we see in our increasingly bankrupt traditional media (CNN, ABC...). Where will the return of Yellow Journalism lead us? Who knows, but I can assure you it isn't a good place.
The (more important) second book is an instruction manual on how to become an Alpha Predator of the media world.
Ryan shows, in detail, how to manipulate the online news cycles. How to get inside the decision making system of the big online news sites and to turn that into a story on CNN. It's relatively easy if you know how the game is played, and Ryan shows you how to play it. If you follow his advice to the letter, you have a chance of becoming an Alpha predator of the online world. Able to rip down opponents (political, corporate, etc.) with planted news, and to sell product in volume using trumped up controversy.
So, if you are involved in PR, social media, marketing, or sales of any kind -- BUY this book immediately. IN fact, if you are using a PR or marketing professional that hasn't read this book, fire them immediately.
Final note: Ryan should have kept this book to himself and sold his services to a dozen select clients (hedge funds interested in manufacturing financial results, media moguls, etc.). Why? Buying his services would be like getting Ariana Huffingon, Rupert Murdoch, or (the late) Andrew Brietbart as a confident. Instead, he published it for everyone to access. So, get his services on the cheap. Buy this book and keep it handy for reference as you take over the world. |
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