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561  Economy / Lending / Re: 250 BTC Loan request - 3.5%/week on: July 27, 2012, 10:45:46 PM
Correct, you sent last message (excuse), after i'd replied to all your previous and previews.  peace.
562  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] Official Litecoin shared domain litecoin.net on: July 27, 2012, 09:43:14 PM
maybe have dev.litecoin.net for stuff like testnet, git repos, etc, then have

explorer.dev.litecoin.net runs on testnet and *.dev.litecoin.net as dev versions of *.litecoin.net.
563  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin vs BTC on: July 27, 2012, 09:25:40 PM
Quote
I get more bitcoins by mining litecoins.

no comment

No its true.

I mine ~.245 BTC a day with my GPUs.

I mine about 52 LTC a day with my GPUs.

At last sell price on BTC-e, 52LTC * 0.006192BTC = ~.328BTC

I'm making 0.083BTC more a day mining litecoins. That is almost $0.75 more at mtgox high currently.

This is entirely true, and has been for some time now. BUT, this is soon to change. Difficulty is rising FAST, and profitability is going down.

Just a couple weeks ago, I was mining over 1000LTC/day @ 1.5Mh/s. Right now, at current diff, I can mine less than 200/day. In another 36hrs or so, that will drop even further.

So if it's anything like BTC, LTC price will rise as difficulty goes up?

It's actually the other way around! To an extent, miners can expect to get more, but it isn't sustainable. There will always be downward pressure, as miners try to cash out, pushing the price down.
Price goes up-->more miners-->Difficulty rises.
Price goes down-->miners quit-->Difficulty drops.

Same goes for BTC! In the end of October, BTC was trading @ $2-$3, while difficulty was ~1.8million. Only the most efficient miners were still profitable.

Price==cause
Difficulty==effect

Aha but BTC price seems to have gone up, and difficulty has gone up too?
564  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin vs BTC on: July 27, 2012, 08:33:29 PM
Quote
I get more bitcoins by mining litecoins.

no comment

No its true.

I mine ~.245 BTC a day with my GPUs.

I mine about 52 LTC a day with my GPUs.

At last sell price on BTC-e, 52LTC * 0.006192BTC = ~.328BTC

I'm making 0.083BTC more a day mining litecoins. That is almost $0.75 more at mtgox high currently.

This is entirely true, and has been for some time now. BUT, this is soon to change. Difficulty is rising FAST, and profitability is going down.

Just a couple weeks ago, I was mining over 1000LTC/day @ 1.5Mh/s. Right now, at current diff, I can mine less than 200/day. In another 36hrs or so, that will drop even further.

So if it's anything like BTC, LTC price will rise as difficulty goes up?
565  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin vs BTC on: July 27, 2012, 05:57:39 PM
I think Litecoin is a scam.

Aha how so?
566  Alternate cryptocurrencies / Altcoin Discussion / Litecoin vs BTC on: July 27, 2012, 05:51:56 PM
Hey

Why is LTC rising vs BTC? Is it just pure speculation?
567  Economy / Long-term offers / Re: Dank Bank Deposits - low risk, high interest - 2.5%-3.2% weekly on: July 27, 2012, 05:07:23 PM
I'm trying to raise capital to invest.  At the beginning of this year I had no money, now I have around 1500, I'd say I'm doing pretty good.

I'm not offering interest free loans yet, but if deposits were high enough, I'd love to. Not to make money but to help people.

You having 1,500BTC is like me saying deleting blk000?.dat will delete everyones bitcoins.
568  Economy / Lending / Re: 250 BTC Loan request - 3%/week on: July 27, 2012, 05:04:40 PM
we're already had this discussion, i screen shotted my reply to your preview and all the other jazz ...... yawn. 

i'll stop spamming once you refund me.

good luck.
569  Economy / Long-term offers / Re: ★ VESCUDERO's Guaranteed Weekly Term deposit at 2% ★ on: July 27, 2012, 04:13:08 PM
sent 20BTC. 
570  Economy / Lending / Re: 250 BTC Loan request - 3%/week on: July 27, 2012, 01:01:31 PM
Where's the link to the graphic design of mine, which, you did not deliver, yet took my money for?
Seriously? Fuck off, you stopped responding, stop blaming me for your shit.

Not really.... I stopped replying after your 3rd or 4th excuse? Then you just never sent it.   Just think it's misleading to include this in the OP.  GL.
571  Economy / Speculation / Re: I have made a 25% return this week trading *against* the pirate on: July 27, 2012, 12:48:10 PM
Just made a new bet, for those who are willing to bet for/against the pirate short term - in the wake of these new-trading strats.

Bitcoin Savings and Trust will default before the end of September 2012
572  Economy / Lending / Re: Bitcoin Savings and Trust is probably a Ponzi Scheme: A Petition on: July 27, 2012, 12:46:08 PM
Just made another shorter-term bet for those who are interested.

Going on last summers crash.... if it's a ponzi, the price fluxuations might scare people away. Not sure Smiley.

Bitcoin Savings and Trust will default before the end of September 2012
573  Economy / Lending / Re: 250 BTC Loan request - 3%/week on: July 27, 2012, 09:07:53 AM
Where's the link to the graphic design of mine, which, you did not deliver, yet took my money for?
574  Economy / Economics / Even if PirateAt40 is running a Ponzi maybe it's good? on: July 26, 2012, 07:16:52 PM
Hi

I am not starting a thread to argue if, or if not, it is a Ponzi, this has been covered many times, and I am undecided.

I have been thinking, if, it turns out to a Ponzi, and causes some sort of crash, could this long term be a good effect on BitCoin? It would raise the awareness, during it's time assuming it crashes, it's allowed people to have more money and manage loaning/sub-saving businesses which they may not have been able to, and has driven a lot of activity within the community.

Similarly, if it turns out to be a Ponzi, most of these normally end when they run out of money to pay people off, more so than with the "owner" running with the funds.  How many BTC will actually be removed from the market, if it turns out to be a ponzi - arguabley few. 

So what im saying, is, even if it turns out to be a Ponzi, isnt that a good thing for BTC as a whole?

The only negative I can see is that media might start to associate "bitcoin" with a system of "ponzi schemes" and it might hinder further mainstream adoption.

Just my 0.02BTC. 
575  Economy / Speculation / Re: I have made a 25% return this week trading *against* the pirate on: July 26, 2012, 04:52:46 PM
Very big wall at 8.66?
576  Economy / Long-term offers / Re: [BitcoinMax.com] Paying 6.9% per week... Small accounts welcome. on: July 26, 2012, 07:45:50 AM
Agreed, this service is awesome! Smiley Very quick/well ran.
577  Economy / Computer hardware / Re: [FS] 5970 (New/RMA), 6990, 5870's, 7870, 6870 on: July 25, 2012, 11:00:07 PM
I have pm'd an offer.
578  Economy / Marketplace / Re: Intersango Exchange on: July 25, 2012, 09:34:54 PM
They'll need to have account-verification if they're going to be able to resurrect their MetroBank account (*if*), I suspect this will take longer than a few days.
579  Economy / Long-term offers / Re: [BitcoinMax.com] Paying 6.9% per week... Small accounts welcome. on: July 25, 2012, 09:26:03 PM
busy sleeping.

there's no way i could guarantee withdrawals within an hour because i can't be awake 24/7.

the database is fully backed up regularly.

there have been a lot more withdrawals than usual lately. i don't really know an exact reason for this, but that's also why some requests are taking longer than before.


For me personally, it's the Bitcoinica and Intersango issues giving me cold feet, more so than Pirate.
580  Other / Meta / Re: Litecoin child board? on: July 25, 2012, 09:22:12 PM
If you did this, Alt Currency would die, surely, it's a good thing it's the most popular in Alt Forum? e.g. displaces the others.
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