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5441  Economy / Lending / Re: Need 55 Bitcoin Loan - Will pay 3 btc daily starting on february First. on: January 24, 2012, 03:03:52 AM
Well it does not look like he is in as much trouble as I first thought.  He has wisely determined that he was getting in trouble and it appears he is getting everything taken care of before it is too late.

Code:
Who is owed   Total amount owed   Repayment address
-----------   -----------------   ----------------------------------
jfreak53                22.0000   1PuqE7vvb5DpdEMH7j3EM5PgT3JkFfCZoK
johnthedong              4.0000   18c8oXmyvfAFjeR575y5XACJhtrVf9yfjR
PatrickHarnett          28.5000   17eSx2yRdrhcJ8kS1CmadfvAVf4QHCfUPE
DragonTales              3.0000   1AJLphLithbP5jPxgsKkfAe2vZ2nFrsaBL
-----------   -----------------
Total                   57.5000

jfreak53 is a new loan so he has time to pay it off
PatrickHarnett is not even due yet so he has time.

I could cover the 7 BTC left but ptd already offered so you can have it if you want it.  I do suggest you pay his creditors directly.
5442  Economy / Lending / Re: [Closed] Need 1 more loan, 12.75 bitcoins. on: January 24, 2012, 02:48:12 AM
I don't think the comparison is fair.  Greece has absolutely no chance of ever repaying their debt.  Ever.  kujoking might still pay everyone back.
5443  Economy / Lending / Re: [Closed] Need 1 more loan, 12.75 bitcoins. on: January 24, 2012, 02:01:28 AM
All 5 actually:

https://bitcointalk.org/index.php?topic=58735.0
https://bitcointalk.org/index.php?topic=58878.0
https://bitcointalk.org/index.php?topic=60166.0
https://bitcointalk.org/index.php?topic=60453.0
https://bitcointalk.org/index.php?topic=60469.0
5444  Economy / Speculation / Re: bitscalper anyone use this ? on: January 24, 2012, 01:58:07 AM
I think you just keep a buffer of $ at each exchange.  If things go really well things naturally rebalance as the trades go back and forth.  However if all trades are going one way you would need to move some $ around as needed.
5445  Economy / Lending / Re: [Closed]Looking for 1 more loan 8.5 bitcoin on: January 24, 2012, 01:56:00 AM
Yes, I believe that kujoking7 should mark all five threads as "OVERDUE" or at least "OPEN", not closed unless they are.

Updated information collected from all five threads:

https://bitcointalk.org/index.php?topic=58735.0
https://bitcointalk.org/index.php?topic=58878.0
https://bitcointalk.org/index.php?topic=60166.0
https://bitcointalk.org/index.php?topic=60453.0
https://bitcointalk.org/index.php?topic=60469.0

Code:
SilverLeaf         15.50  17.5          21st  1rEPaYbh2hHLak54cBeS8Li8v374EbaeV
TheHarbinger        8.50  10.75 (11.9)  20th  1JybK4JDGsKcuSbppNBH2mzd5dDyYnxGNp
PatrickHarnett     28.00  28+20%        30th  ?
ineededausername   40.00  ?             ?     ?
slider1978         12.75  14.75         21st  1LRWsqp3aVrTnpqSSWU71FagrbzNsSdxDd
------------------------
TOTAL             104.75

5446  Economy / Lending / Re: Need 55 Bitcoin Loan - Will pay 3 btc daily starting on february First. on: January 24, 2012, 01:52:32 AM
Please completely fill out and/or correct this "loan application form".  I have started it for you.  You can either post it here in public (better) or PM me.  Include all BTC loans:

Code:
Who is owed   Total amount owed   Repayment address
-----------   -----------------   ----------------------------------
jfreak53                22.0000   1PuqE7vvb5DpdEMH7j3EM5PgT3JkFfCZoK
johnthedong              4.0000   18c8oXmyvfAFjeR575y5XACJhtrVf9yfjR

-----------   -----------------
Total
5447  Economy / Lending / Re: Need 55 Bitcoin Loan - Will pay 3 btc daily starting on february First. on: January 24, 2012, 12:59:55 AM
Hold on for just a second here.  If I am reading this correctly:

jfreak53 just sent 20 BTC to rexcoin and rexcoin sent only 14 to johnthedong?

rexcoin, what happened to the other 6 BTC?  Be honest.

Also, since this is your public loan information:

As we agreed in pm,
Code:
Loan amount: 15btc 
Repayment amount: 18 btc
Repayment date: 3 days from the time I send the coins.
Repayment address: 18c8oXmyvfAFjeR575y5XACJhtrVf9yfjR
Will send to 181TQJfi6aJGQr1p9bjTafmTSkoYBtzYvu, is that okay?

The 14 BTC makes no sense.  It does not cover the principal, let alone the repayment amount.  Why did you not pay this one off entirely?

johnthedong, did you change the terms of the loan?

I was thinking about helping out (with some restrictions, etc.) but I need to understand what just happened here.
5448  Economy / Services / Re: WTB vanity generated address on: January 24, 2012, 12:30:29 AM
 Smiley
5449  Economy / Speculation / Re: bitscalper anyone use this ? on: January 24, 2012, 12:16:14 AM
I see what you are both talking about.  In the above scenario if you want to cash out the entire system back to USD then yes, you have a $100 loss.

But in our case everything is in BTC so there is no problem if the value of the BTC goes down.  Everyone still has their BTC and we can all cash out and get our BTC back.  Yes everyone lost relative to the USD in the scenario but we do not care (well we might care when we - the customers - go to pay our bills in USD and have to convert) but that is not Bitscalper's problem.  They do all accounting in BTC and move all profits from fiat back into BTC so as long as they have some sort of profit on average on each pair of trades the total BTC in the system can only go up.

nmat:  also note that if you just held BTC and it went down you have now lost money.  But if you put it into the sytem, make a small gain in BTC and the value goes down you have lost less money (in USD) than you would have lost if you did nothing.
5450  Economy / Speculation / Re: bitscalper anyone use this ? on: January 23, 2012, 11:38:00 PM
I am not saying that 0.6% per day is not attractive - it is very attractive.  I am asking if that a resonable return that would be expected from a system of this type - from other's experience.  If it is still too high then possible ponzi scam.  If it is in the ballpark then all is good with the world.
5451  Economy / Speculation / Re: bitscalper anyone use this ? on: January 23, 2012, 11:26:53 PM
Their exact claim is:  "When the right opportunities windows are open, Bitscalper is able to generate as much as 5% daily with very small and easily accountable risks"

So, they are not claiming to make 5% per day, in fact the above claim basically promises that they will make less than that.

During the time I have had my account they have show daily gains less than 5% - exactly what is expected from the above claim.  It looks like over the last week daily gains averaged about 0.6%, right?

Now the question:  Is that resonable for an arbitrage system?
5452  Other / Meta / Beyond Hero Status on: January 23, 2012, 10:03:53 PM
I just reached Hero status!  Shouldn't there be another level beyond "Hero", perhaps "Super Hero"?  Maybe at 2500 posts?  Then DeathAndTaxes and others would be Super Heros and it would give us mortal heros something to shoot for Smiley
5453  Economy / Services / Re: WTB vanity generated address on: January 23, 2012, 09:58:19 PM
Anyways, anyone interested in buying an address starting with 1BitCoin or 1BiTcoin?  Grin
I wanted to get 1bitcoin but it is already "taken" with respect to firstbits:  http://firstbits.com/1BitCoin and it is the "black hole" address 1BitcoinEaterAddressDontSendf59kuE - one of my favorite BTC black holes.
5454  Bitcoin / Bitcoin Discussion / Re: Bitcoin Credit Card Design on: January 23, 2012, 09:40:12 PM
Still an interesting topic of discussion - even if shopped at this point.
5455  Economy / Services / Re: WTB vanity generated address on: January 23, 2012, 06:04:45 PM
I have seen a thread related to the most difficult vanity address found to date but I can't find it right now.
5456  Economy / Lending / Re: Collateral on: January 23, 2012, 04:37:12 PM
I think you are making this too complicated.  Just post how much you want for a loan, what interest rate you are willing to pay and what you wish to use for collateral and then see if anyone bites.  We can see your post count, look over your posts and then discuss the loan with you.

What you want it for and also how you expect to pay it back also helps.
5457  Economy / Lending / Re: Collateral on: January 23, 2012, 04:23:13 PM
tl;dr Smiley
5458  Economy / Services / Re: WTB vanity generated address on: January 23, 2012, 03:24:05 PM
First, a public address is not the key you are looking for, it is the hash of the key.  So, if you ever did find a key pair that hashes to a certain address there is a chance that with all your efforts you end up with the wrong key pair.

Second, by too long we mean the following:

Here are some estimates for generating some addresses using just my laptop.  You can extrapolate to a faster system, even a GPU system or even 100,000 GPUs and see that it is “impossible”:

Code:
Exact pattern     Time
1           found 1HszrwReND62cBZUBZhqLTPKxAoSsANuxK instantly
12                found 12UpCienamnaM8Vw8pdTEFJ39Mth23CK3N instantly
123               found 123r9SzaKwgZF6xjit3Svs1jTU8TWitrcn instantly
1234              found 1234Ru7M2a6HHXpr5sE31n7TdgSTXcREen instantly
12345             found 12345RDRciJmSBywxSGTJSHYrvAr4xBVUH in about 30 seconds
123456            about 30 minutes
1234567           about 1.2 days
12345678          about 70 days
123456789         about 11 years
123456789a        about 640 years
123456789ab       over 36,000 years
123456789abc      over 2 million years
123456789abcd     over 100 million years
123456789abcde    over 7 billion years
123456789abcdef   over 400 billion years
123456789abcdefg  over 20 trillion years
123456789abcdefgh over 1 quadrillion years

From above you can kind see that it would take a “long” time to find a key pair that generates any one public address.

In fact the vanitygen program will not calculate how long it would take (too large) but to just get most of one (which does not get you the coins) here is the output from the program showing that you have a 50% chance of finding only most of one in 6e32 years:

C:\downloads\www.bitcoin.org>vanitygen 1LJY4ey9FVKKuodaDr84sdZDXLy
Difficulty: 2794725737275825531787289201741966674434639341
[102.98 Kkey/s][total 1497088][Prob 0.0%][50% in 5.965101e+032y]
5459  Economy / Services / Re: WTB vanity generated address on: January 23, 2012, 05:29:24 AM
I can generate a vanity address for you - no problem.  BUT you do NOT want anyone to do this for you for the simple reason that if I, or anyone, generates the address for you then I/they will know your private key.  It is really not that hard to do yourself.  Just download the program and run it.  I can help you with setup questions and a regular expression for the program if you want me to.

BTW I own a lot of cool addresses including http://firstbits.com/1xyzzy  If you know what that means then you are older than dirt (like me).
5460  Economy / Goods / Re: WTS Sprint iPhone 4s on: January 21, 2012, 11:32:02 PM
NOTE:  If you are owed money and it is sent directly to you it is not a loan repayment, it is an escrow payment, until the customer gets the goods from him.  In other words you will be acting as an escrow agent and may have to give the coins back to the customer in the case the goods do not ship.  May be better to separate out the two functions of escrow and loan between separate entities.  Just a suggestion.

EDIT:  Also it makes sense to run all the payments through one escrow agent so that in the case he does not make enough to fully pay off all the loans then he can pay everyone their propotional share of the money.
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