It is difficult to say for sure how many (or few) more weeks the scheme can possibly run, but it seems we are beyond the point where any "investor", except a very small one, could successfully withdraw his entire nominal balance.
Any large withdrawal attempt would now lead to an immediate game over.
What do you consider to be 'large'? |
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loving Frankie and his debate style.
When is the next round of interest payments from Pirate due? I have the actual popcorn right here
Are you that disconnected to not know the interest payments are every Monday? |
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1) Who among the forum staff has access to my pms?
2) At point point were they viewed without my consent?
Why, what happened? Only theymos and Gavin can view PMs. Gavin doesn't really do any forum work (he's mostly an admin in case of an emergency, these days, although he used to be the primary admin), so it's unlikely that he'd bother. Theymos only does it in the case where we need to verify a PM quoted by someone in a scam investigation wasn't modified or other such extreme cases. Nothing happened. I just wanted this documented. 1) Who among the forum staff has access to my pms?
Only me, Gavin, Satoshi, and Sirius are supposed to be able to access the database directly, which is required for reading PMs. MagicalTux and anyone else with access to the server (hosting staff, etc.) could technically read PMs, though they shouldn't. 2) At point point were they viewed without my consent? Probably never. Ok, thank you. |
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Can anyone name a business that made a 3400% return in a year?
Bitcoin Savings & Trust It hasn't quite been a year yet...  Actually, it has. |
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1) Who among the forum staff has access to my pms?
2) At point point were they viewed without my consent?
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I hope that merely by time-shifting it and terming it as 'Extra Credit' that there is not somehow a perceived lesser moral duty to pay it out??
+1 |
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I am not commenting on the usefulness of the instruments, just the terminology. They are not bonds. Calling them such makes them sound much safer then they really are.
What should we call them? I am not really excited about using EskimoBob's current terminology and it is quite offensive. I think calling them perpetual mining contracts would probably be the most appropriate. |
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In ZT's defence were these emails not bitcoinica related with nameterrific links ?
If they were bitcoinica emails but he quit from bitcoinica, which means he shouldn't still be using bitcoinica data. In addition, if they are bitcoinica emails, they shouldn't have been soliciting my business for a new and unrelated business. I never opted into 3rd party marketing. |
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Two of my Six power bricks died yesterday  Surely there's more to your story  |
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There are 50,400 BTC mined each week. Where do they go?
To the miners. Rhetorical question? Nope. Perhaps Pirate's tapped into some of the largest miners for a supply of coins that would never appear in Gox volume? Perhaps Pirate is mining (I'm not talking about gpumax)? |
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There are 50,400 BTC mined each week. Where do they go?
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If you take the top public tier rate instead of the unpublished rate, you are not subject to the limits, AFAIK. I'm not familiar with BitcoinMax, so if they provide <7%/wk, it may be beneficial for them/him/whoever to take on more deposits and take the slightly lower max published rate. It could be possible that Pirate only states you can't deposit more than the limit, but then waives that requirement -- I wouldn't know. I also don't know whether or not Pirate allows compounding on "bonus" accounts.
See, that's part of the problem.. there are a bunch of underinformed people making a bunch of assumptions and then conclusively making decisions on those assumptions and then feeling the need to "protect"/warn others, who may or may not actually be more informed than the original parties. The account bonus is based on the account balance not moving up or down more than a certain threshold each month. Interest payments aren't accounted against that bonus, whether paid out or reinvested. Bitcoinmax is only paying 6.9%, which means the operator(s) make .1% and may not be planning on the bonus. In addition, Bitcoinmax might be working with a slush fund so that the pirate balance remains untouched much of the time, and instead uses their own funds to buffer the inflows and outflows. Obviously a person would have to calculate the bonus vs the missed interest opportunity to see which is more profitable. |
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I reported your bitcoinica email as a violation of the US CANSPAM Act. It is against the law to send unsolicited messages without permission when a business relationship does not exist..
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Not all.........could possibly be some homosexuals around.... I seen a few avatars that seem pretty fruity for men to have  Fruity? What's wrong with homosexuals that you feel the need to call people 'fruity'? Orange you glad he didn't call them bananas? |
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I still can't figure out when I've been paid. I wish it would be located on the transactions page.
Also, last time I tried to check the price to lease shares I ended up putting in a purchase order, but never confirmed it. I was told it wouldn't be an issue, but I wonder if its eating my payments. I wish there was direct customer service through the gpumax site.
Is the only way to talk to pirate or others through the irc channel ?
support@gpumax.com |
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Let's say we finally use CPPSBAM, inactive miners are pushed to be active again to receive their EC. Well, how we classify miners as active/inactive? If we consider only through a submitted share to classify inactive miner to be active miner, then folks we have problem when miners use this way to extend their activity period ( like a week in address' graph).
Well, the other piece to it is that you can only earn EC up to the amount of non-EC you earn each block. So if you're only submitting 1 share once a way, you'd only get paid 1 share of EC a week. |
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One of Eligius's advantages is that you can create separate little stashes of 'virgin' coins. I would have thought this an appealing point of differentiation for Eligius against other pools.
If you have to mine to a single address and then transfer coins on the blockchain - you tie these stashes together in the public record.
It wouldn't bother me if payout to inactive addresses was low precedence and slow.. but it should be automatic and complete.
I agree with this and I think a happy compromise could be: EC is paid out to current miners first and if there's still remaining credit, then EC is paid off. There are times where a miner might have to stop mining for legitimate reasons (say winding down from mining for good) and if this happens to happen during a time of poor pool luck, they get screwed. There needs to be a mechanism that those people get caught up, even if its the lowest priority. |
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It doesn't need a full poll system. Its two questions. It could be a code copy from namecoin signing with just a tweak. You sign one of two statements for each question.
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Not all.........could possibly be some homosexuals around.... I seen a few avatars that seem pretty fruity for men to have Where was this picture taken? Did you guys have a kick ass bitcoin get together and honor Satoshi's ghost? What makes you think Satoshi was not there? Urmom |
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It would be better if you made an page dedicated to this new system suggestion and a public poll / comment system on Eligius site itself rather then here as active users are more likely to participate their then sign up on this forum just to voice 1 opinion
Eligius payouts are psuedo-anonymous, so there isn't really a way to do this on their site. We don't have typical "miner accounts". Not true. Address signing. Just like you do to get namecoins. |
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