This is going way out of hands
So many exchange's are going down and who is getting the kick of it ?
Bitcoin
These Exchange's need to learn to stay safe and keep the BTC in fucking cold wallets , safe
First of all, we didn't see any price fall due to those "hacks". Second of all, those crappy exchanges won't learn anything as they don't want to learn. They cannot compete in a long run with the serious businesses, so the only option for them is to die slowly or get "hacked". I expect more such 'hacks' to happen (dunno how many of the shitty exchanges are left there), as there's a major pressure on every such business to improve their security. So choose carefully where you deposit/keep your bitcoins. |
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Very good. Once all the cowboy exchanges disappear, using "hacking" as an exit strategy, only good actors will remain (+ decentralised ones). The Bitcoin's 'wild west' stage is slowly coming to an end. |
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price of this account is very high almost three times
i have seen many person on who are selling @0.1 btc whice is nothing
0.1 for sr account? no way, they would have to be retarded or account is stolen. Agree. Don't see why anyone in the right mind would sell it that low. Senior account can easily earn over BTC0.3/month (Bit-x campaign). |
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So using faucet was abusing. I was 86% bc I was probably one of the few using it. I wagered 400 btc u think i want to steal 10k sat? I was just wagering and giving it back to the site.
So you've spent all that time claiming faucet and sending to other accounts with intention to gamble and lose? Yeah, sounds legit. And what "giving back to the site" even means? If faucet is funded from Dean's pocket and your losses go to the investors - how's that 'giving back'? He rewarded you, as a loyal player, with an option to claim 10k sats every 5 mins whenever you're short of funds and you abused it. If someone invited you to a house party, would you pack your bags with all the free food and drinks (provided by the host) and leave? It sure wouldn't be stealing, but would it be OK? You did what you did, so don't act like a victim. Surely the answer is to put limits in place, and be clear about those limits.
If you don't want someone claiming more than N times per hour, don't let them claim more than N times per hour. Simple as. No need for all this drama.
100% agree, the limits should've been set from the start. It was just a matter of time before someone abuses it. |
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Already posted this in Press board, but think it's worth the main board. You don't often see CNN saying positive things about Bitcoin, but here it is: Breaking the bank: Bitcoins hit Africa's money transfer traditionshttp://edition.cnn.com/2015/02/17/business/bitcoin-africa-unbanked/CNN Marketplace Africa covers the macro trends impacting the region and also focuses on the continent's key industries and corporations.
(CNN)Money makes the world go round, they say, but what if notes and coins were replaced with online code?
Bitcoin -- the world's much talked about cryptocurrency -- is just that. It can't be printed, it can't be directly controlled by governments or central banks, but it can be sent around the world instantly at a low cost.
And in sub-Saharan Africa, where 75% of the population don't have a bank account, experts say the currency could help millions of people pay bills and get to grips with their finances.
Transferring cash via a bank or a Money Transfer Operator (MTOs) like Western Union or MoneyGram can be costly. According to the Overseas Development Institute, the average charge to transfer $200 to Africa using traditional money transfer services is 12%. If you send $200, you pay $24. The ODI added up all the transfers that happen in a year, and found remittance fees cost the African continent $1.8 billion a year.
What if that money could be spent on things, rather than fees?
As Bitcoin is a virtual peer-to-peer currency -- designed to operate on the border-less internet -- the costs of transferring money can be radically cheaper than traditional methods, and the process is much quicker.
"Bitcoin can greatly alter the remittances industry and beyond," says Michael Kimani, who heads the African Digital Currency Association, a Kenya-based group launched last May to promote digital currency technologies. "From seven days [for a transaction to clear] using banks & PayPal, down to 20 minutes speaks volumes." |
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I think we could use some clarification re 'Press' section. I don't think articles from bitcoin/crypto news services (CoinDesk, Cointelegraph etc) should be posted in this board, since basically all their articles are bitcoin related.
Shouldn't it be limited to mainstream or non-crypto press hits?
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Breaking the bank: Bitcoins hit Africa's money transfer traditionshttp://www.cnn.com/2015/02/17/business/bitcoin-africa-unbanked/CNN Marketplace Africa covers the macro trends impacting the region and also focuses on the continent's key industries and corporations.
(CNN)Money makes the world go round, they say, but what if notes and coins were replaced with online code?
Bitcoin -- the world's much talked about cryptocurrency -- is just that. It can't be printed, it can't be directly controlled by governments or central banks, but it can be sent around the world instantly at a low cost.
And in sub-Saharan Africa, where 75% of the population don't have a bank account, experts say the currency could help millions of people pay bills and get to grips with their finances.
...
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Phone service. It seems such a natural fit. I know I can use a bill pay service for a fee, but I would like to directly pre-pay for my phone service.
https://www.mobileshop.ph/ for top up worldwide. Hey thanks Elwar! That looks good and they had the service I use. I could not get it to work just now, I'll have to play with it later. Apparently T-mobile Poland started to accept bitcoins. Just came across this post in press section: That's pretty big. |
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So far this month: Who's next? (Kipcoin just shut down, but they were clearly a Ponzi; not even going to list them.) You should remove Mycoin, that info is plain bullshit, not to mention they did scam mostly fiat investors who didn't have much clue of what Bitcoin is. They used BTC as a con to justify ridiculously high ROI they promised. That $387m is based on the exaggerated number of investors provided by MyCoin themselves to attract new victims. |
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When I typed in "is the bitcoin" in the Google search bar, this is what I saw:
your first rookie mistake is to use "THE bitcoin" anyone who searches for 'the' bitcoin obviously has no clue what bitcoin is, and thus the results are going to be skewed to the noob criteria of stupid questions Let's see: Suggested searches for "is bitcoin ...": ... mining legal ... legal ... mining worth it ... safe Only slightly better. I guess most of people searching for "is bitcoin" don't have much knowledge of what it is. |
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this would not have happened if they used multisig.
Bitstamp implemented multisig after the hack. And after what happened to Bter, there will be a major pressure on every exchange to do the same. And there's no really excuse not to do it. So it seems to be a last call for any shady exchanges to "get hacked". Someone's gonna have to do a thread summarising all the recent hacks as I only have a certain amount of time to read all the individual threads.
+1, but I'd like to see a comprehensive list with all the hacks, not just the recent ones (with short description). I'm sure there have been ~20 over the years. |
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This is another problem, all the users want to give a reply (but the reply was already given) only for bump their post count. This is a type of spam, and I think these type of posts should be paid.
I think you mean "shouldn't"? I agree, but it's not possible for Marco to go not only through every post, but through every thread the post was made in. Therefore such spammers will likely get paid anyway. The only sensible solution seems to be doing some random quality checks. If certain poster gets caught on duplicating replies he should get a warning, if that happens again, he's removed from campaign (or maybe 3 strikes policy?). |
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Hey, we should also to "determine" what does it mean the word "spam". I think also 5-6 words contribute to the thread, but everyone of us (it is normal) have their own definition of what is a "constructive post" and what is a "not-constructive/unsubstantial post" .
All we know that : +1 , thanks, bye, hey, etc... (one single word) aren't constructive or am I wrong?
Well, technically "+1" post can be constructive. I didn't notice that many one-worders from sig camp participants (since they all know they won't get paid for such). "Thanks" can be just good manners, may not be constructive but doesn't have to be a spam. I think there's more problem with people not reading replies already made by others (or purposely ignoring them) and posting the same answers all over again. Example, a newbie starts a thread asking where he can buy bitcoins and suddenly there's gazillion of replies with the same answers, same links etc. At first glance, such post looks helpful and constructive, but looking at the entire thread, it's nothing but a spam. |
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Kipcoin is a China-based bitcoin wallet service that started operation around May 2014, featuring interest return around 1.x% per month. Their operation expanded to fiat trade and later futures (bcoin.com). Earlier today, the Chinese Lunar New Years Eve, they released a statement saying that their wallet server had been hacked and lost of over 3,000 btc. Kipcoin.com is now shutdown. More: http://8btc.com/thread-14319-1-1.htmlWarning of ponzi scheme: http://8btc.com/thread-13432-1-1.htmlPromising 1.x%/month return is definitely a red flag. But what I wonder is since they offered fiat/BTC trade, the owners must have been known and not anonymous, therefore can they be prosecuted in China for fraud? Or can they just claimed to be "hacked" and close the business without any liability? I have seen the same warning since GOX and it is still true to this day, if you don't have the keys you don't have the coins.
Bitcoin gives you the possibility to be your own bank, don't get greedy and trust others with all your money for an interest you know is from a ponzi.
Some people need to learn the hard way, and some will never learn... |
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I had searched for ndnhc when I got into it first, got nothing, and I even thought I got kicked out,  I just reloaded and hit ctrl+f. All is fine.. Same here. I also noticed that 18 of my posts have been excluded, so I have a question on how this bot works. Posts in which boards are auto-excluded? I understand posts in this thread and off-topic board don't count - fair enough. But is 'games and rounds' section also not counted (even if posts are constructive)? The rules in the first post are not very clear on this: Posts in giveaways and/or placing bets will not count. The way I understood this rule was that any bets/giveaway participation posts are not counted (such as username, BTC address etc), but any constructive posts (ie any discussion around the subject) are allowed. |
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Why they dont accept fiat for Christ sake? I dont get it. Guess it would be enough that Bictoin is one of paying options.
Marketing stunt? If they did, they'd be just another business accepting BTC and wouldn't get such media attention. But if you show there with fiat only, you can still make a purchase, you'll have to convert to BTC first (they have bitcoin ATM). |
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ps am i allowed to join? i made an account called 000 and wagered around 8 btc on it  and lost 0.44 btc haha If you signed up through W-D's ref link then you're probably in (as far as I understand). But since that BTC0.15 won't make much difference to you, maybe you should let orryde win |
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If we currently have 2,000,000 Bitcoin users and the world population is about 8 billion then this would be marking the end of the Innovator stage and the beginning of the Early Adopters. Cheers!
Not sure whether this number of bitcoin users is reliable assumption, but anyway 2 millions out of 8 billions is 0.025% not 2.5%. Nice thread btw. I'm sure there's much more quotes of this sort. Found this article (from 2011): http://www.thinkadvisor.com/2011/11/11/top-10-terrible-predictions-about-economy |
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Seems i still be on top, don't know if anyone else wants to pass through me
I hope it will not happen
Thank for your for always update
I tried to give you some competition, but didn't stick to my system and got busted. I'm tempted to deposit 1BTC and wager total of ~4 but promised myself not to But don't be surprised if someone else steps in in the last minute and takes the 1st place. After all, your ~ BTC2.4 is not that high. |
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If they compensate bitcoin holders using the alt coins then they either have to give bitcoin holders alt coins or sell all the alts they hold to raise compensation funds. I'm not sure how legal either option would be but poloniex didn't compensate bitcoin holders using alts when it got hacked. They slowly paid back the bitcoins from trading fees.
Depends on what's BTER's situation, but doing things Poloniex style simply could not be an option. You do have a point, it's not easy to divide altcoins, but it would be similar to any company going bankrupt, creditors would just split the remaining assets accordingly. Btw, what did they do when NXT got stolen? |
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