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If this is true it's absolutely ridiculous and totally negates the point of a wire. So glad I left Gox...
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IRC people might have talked me into getting a Cadillac escalade for now. No offense but it sounds like you have no idea what you want. A lambo to an escalade is jumping from one spectrum to the other. I would test drive whatever you finally decide on, especially if it's something like a Lotus. That car is incredibly tiny and low to the ground, a huge pain in the ass to get in if you're tall. It's a fun car to drive, handles amazing, but it's simply not on the same level as a lambo. That being said, lambo's are wild compared to some of the other supercars so unless you're experienced driving something with that much power, you could end up in a bad place. I love the look of a lambo but they really are very impractical cars, the Aventador for example, looks amazing but is so wide it's a huge pain in the ass everywhere but on a track/open road. |
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The highly distilled idiocy that is often displayed here is astonishing. In all the years of fiery discussion on nasaspaceflight.com I've only ever put a single person on ignore. In the couple of weeks I've been here I've amassed over 200.
“Wait long enough and people will surprise and impress. When you're pissed off at someone and you're angry at them, you just haven't given them enough time. Just give them a little more time and they almost always will impress you.” -Randy Pausch Zero people on my ignorelist since 2011. |
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Read an article about the Allinvain theft. Sometimes I wonder if he bought back in, he would be fantastically rich if he did and it would be a nice way to wrap up the story as the hackers probably sold immediately instead of having the foresight to hold.
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When I first read the article I thought it sounded more like Google Wallet than Bitcoin but then I realized it isn't even as good as Google Wallet. Basically you can buy apps, music, and Apple products. Whoopie! Glad I have Android, all the iOS users need to stop fighting Apple and realize they're only going to continue to give you what they think you need, not what you think you need. Open source > proprietary crap. Bitcoin users should understand this better than the average person.
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Wall gone, nom nom  Eaten or pulled? |
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Why spend all the time and money orchestrating a 51% attack? If you don't care about the money you're wasting, $20 million will more than wipe out the order book on MtGox. Seeing the price fall to zero will more than likely scare off the majority of investors and wipe out everyone trading on margin.
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What are your thoughts about our venture? I think you need to beef up the "who we are" section if you want to attract investors. Serial entrepreneur. Non-stop idea and business generator. This sounds like a nice way of saying "unemployed guy." Technical leader and developer. Tech geek. So does this. Carnegie Mellon MBA. Strategy, Finance. Consultant at The Boston Consulting Group. This is much better. I'm not saying you or Diego are unemployed but those descriptions are less than impressive IMO. Just some constructive criticism. Best of luck. |
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 Wasted too much time and money on a transfer today. I blame the company that is being a pain in the butt to deal with which is not bitcoin. Unfortunately, I wasted a lot of time and money dealing with something today and having a virtual currency for me that may or may not be legal in some areas is too risky for me. I've met some great people on here. I wish you luck. Are you in the US? It shouldn't cost you more than a quarter to transfer money to a bitcoin exchange. PM me if you have any questions. I'm interested in how I can buy bitcoins for only a quarter fee Me too. To my knowledge, Dwolla was the only one that would do transactions for $.25. |
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This has been discussed ad nauseam, surely someone around for so long has seen this brought up before?
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I'm in Japan. I think the reason is very little media about Bitcoin in Japanese. English comprehension is pretty low here. (Compared to Germany, for example)
Doesnt everyone study English in school? I think its because mining isnt really viable given high electricity prices and highly limited space in the urban areas... Most of the younger generation and those concentrated in major cities know English but this declines rather rapidly as you branch out. |
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Except that US controls their currency. Fed can just buy as much bonds as needed. Additional bonus would be weaker dollar which would make manufacturing in US profitable again.
OR
US can just refuse to honor bonds held by Chinese. Even this is more likely than destruction of US.
Unfortunately you are not correct on either point. Concentrating your debt, and putting yourself in a position where you MUST borrow more money is very risky. The "fed" cannot buy endless amounts of US debt. Read up on it and think about where the Fed would come up with ANOTHER 4 Trillion from in the next two years. The latter solution would basically make US interest rates go into the teens overnight. US total Revenue is about $4T per year. $17T of debt. 15% interest is not an option. Hell, the US basically cannot pay HISTORICAL AVERAGE interest rates on its debt (6%). Debt in 2016 will be $22T and the interest at 6% would leave no money to pay for any entitlement program. Eventually you pay the piper but this game can go on for quite some time. You have to look no further than Japan to see this playing out in real time. Japan has the highest debt/GDP in the developed world, a similar ZIRP, and are trying everything in their power to debase the Yen. The Japanese central bank also purchases the majority of their debt. I'm not condoning these monetary policies, they are irresponsible and will hurt future generations but if you think the US will be the first to go, you're badly mistaken. Japan will likely be first (especially with their demographics), then the Euro nations. |
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Japan gets tired of being under thumb of the US(troops in Okinawa, economy). Most of those troops are getting relocated to Guam. |
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I think there is a way to cold store your XRP. I recall asking about that or adding 2FA to the web client and someone posted some links. I'm sure one of the Ripple guys will respond soon but why would invest that much without knowing this?
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$ pbpaste -Prefer txt | gpg --verify
gpg: Signature made Thu May 2 21:23:07 2013 HST using RSA key ID B3AAEEB0
gpg: BAD signature from "John Koh (johnthedong@bitcointalk) <the.john.is.here@gmail.com>"
Nice try. |
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If they have or when they do receive the mystery item would you or the buyer mind posting to share the experience here with us old, tired and easily ammused folks? =)
Cheers,
Panda
No prob. Anyone would actually have to buy a box to do that though. You said you sold one on OTC, what was in it? |
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The only thing that changed in the last month is that there is currently $9.000.000 per month of electricity wasted to keep bitcoin healthy as opposed to $6.000.000 per month 4 weeks ago miners are going to start taking profits soon enough.. and some have been doing in the past few days as we've seen goodluck to you if you hold bitcoins trying to make a profit source: http://blockchain.info/statsHoly bipolar posts Batman! if bitcoin fails i'll consider killing myself
i believe this is our salvation, btc must succeed
Consider killing myself seeing as I'm invested BIG in this
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Very true. Prepare to be called 'lucky' in future years by people with less vision or too tiny balls. People were bitching about having to spend $5-$20 per coin for years because the early adopters were able to get in at less than a $1. Now people would kill to buy in at those levels. I'm sure this will continue, just keep tacking on zeroes to the same old complaint. |
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What if there's no exact match, which I'm assuming would make up the bulk of the order list. For example:
I want to acquire $150 worth of BTC.
Spender X wants an item that's $45, Spender Y wants an item that's $100, and Spender Z wants an item that's $55.
Would the system:
Accept Spender Y's transaction, shipping him the item but leaving me with only $100 of the BTC I wanted to purchase, or;
Accept Spender X and Y's transactions, shipping the items but leaving me with only $145 BTC, or;
Accept Spender Y and Z transactions, shipping the items but now leaving a $5 BTC debt on my account?
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You are entitled to your opinion, so I am going to create the centralized version of this exchange first because that will prove the model. If it works in a centralized manner where the central 'authority' is merely simulating matching bids / asks, then do you agree that it would work in a blockchain?
I think as a proof-of-concept, your model (with some refinement) will work. My concern is whether or not it will be practical. As you know, a functioning market requires liquidity and I don't see any efficient way to inject liquidity into the model right now. Basically you're stuck at the fiat to crypto exchange hurdle. Using escrow and such works on a micro level but if you scale everything up to a macro view, I just don't see how you're going to be able to get all the necessary funds into the market. Maybe I'm getting ahead of myself but it seems the main feature of your new endeavor is to eliminate the need for fiat deposits. Without an efficient way to do that, I can't see a need for all of the rest. I'm hoping in this respect you are more visionary than I am as I think this is the main issue facing Bitcoin right now (how to decentralize the exchange of fiat to BTC). I'll be watching closely and hopefully adding some productive comments along the way. Maybe even some capital if I can be convinced this is potentially a viable solution. This is certainly a growing pain issue and adoption will be slow at first. But lets make some assumptions: assume that crypto-USD ends up tracking actual USD within a small range for 6 months. Assume that crypto-USD is actually paying a 10% APR. Now, ask yourself this... how many people will be 'interested' in trying that out? How many people will create a business out of accepting 'deposits' of USD for a small fee and selling crypto-USD? Perhaps just as a hobby? Watch as this starts catching on and people realize they can make money. All of a sudden it goes viral and you can deposit / withdraw cash with just about anyone for a small 'ATM' fee. Sure, it may take a while to catch on, but it will. Any created business that accepts USD and issues "virtual currency" will have to obtain a money transmitter license. They'll have to comply with the same AML/KYC laws. So essentially it's like setting up gateways like Ripple, just off network. It would be difficult to do as a hobby unless you deal with very small denominations. Although maybe established gateways and Bitcoin exchanges could be enticed to be brought on board, afterall they've already forked out the cash for the licenses so they may as well dip their toe in as many markets as they can. The dividend paying aspect is interesting and where your idea differentiates yourself. It will help to garner interest but even by your own admission, you cannot protect the longs from big market corrections. In a young and illiquid market, you're going to have large price swings. Will a 10% dividend be enough to entice a large amount of investors to see that reward as commensurate with the risk, that's the big question. |
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