A minor little detail ...
"Cards are only valid in the U.S."
If you do not need shipping you can use them anywhere or so I've been informed. Well, prepaid debit cards are now under new restrictions. Ones that are allowed to be used outside the U.S. generally require that the card be registered online, so most issuers restrict use to inside the U.S. only. Would you find out for sure if these truly can be used for purchases outside the U.S.? |
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What keeps me, the bitcoin trader, from being screwed by the transfer services and exchanges? Competition. Exchanges are competing to offer better methods of transferring USD. Competitors include cash, checks, money orders, ING Direct P2P, Popmoney, ACH and bank wires.
Yup, Dwolla used to be the method with the least friction. They introduced friction (probably were forced to by their new investors) and as a result, it took a mere matter of weeks for an explosion of alternate transfer methods to be implemented. Mt. Gox used to be the exchange with the least friction for many. The Dwolla restrictions plus other service failures (whether they stem from cash management or policy changes, etc.) have cause Mt. Gox to no longer necessarily be the exchange with the least friction, so we are learning how to route around the damage. And BitFloor is the most innovative and solving this friction problem. (Cash deposit at a bank, with no fees, with fast (same day) credit to my BitFloor account, ... I like very much!) |
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When choosing "bitcoin to e-mail" method in BitInstant to use Coinapult for exchange, it then asks for a PIN code.
I know for Coinapult e-mail a PIN code is required to use the URL link to claim the bitcoins. Is that the case with SMS / text messaging as well? I would think it could just drop right into the SMS wallet, since those bitcoins can only be withdrawn after acknowledging the challenge message.
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I don't know why it has changed... things like MTGox to Dwolla taking a week or longer all of a sudden.
Because Mt. Gox is hitting limits (either self-imposed or hard-limits from Dwolla) on their Dwolla account. Thus they queue the withdrawals, so the delay will vary based on how much Dwolla withdrawals are occurring. Mt. Gox's comments have said the wait is running about one week. That had been running as long as two weeks since they instituted their Dwolla AML policy (verify Mt. Gox account by sending a color photo ID), but that backlog is now down to one week, reportedly. There are three other exchanges where Dwolla is used. Camp BX and Intersango are two of them. No delays (well, measured in minutes to hours, not days). - http://en.bitcoin.it/wiki/Selling_bitcoinsAlso, there are ways to withdraw directly to your bank now, no Dwolla in the middle. - e.g., BTC --> BitFloor --> exchange to USD --> ACH withdraw --> Your Bank |
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Very interesting.... It shows source IP as 127.0.0.1 which in my experience means that it was a blockchain.info wallet that crated the TX. Also it doesn't exist on blockexplorer either. I have had this happen before; however it will eventually clean out and pay. If it is an invalid transaction, it will not eventually confirm. SatoshiDICE may do a payout (if for some reason their transaction validation doesn't detect this as being an invalid transaction) but that payout will never confirm either. |
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my idea is to find an appropriate one to raise the funds for on glbse then convert to their required currency and invest in their company. And how do you answer: "This isn't offered just to accredited investors but to the general public? Aren't there laws regarding that?" |
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How do I edit my existing listing?
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I queried Mt Gox how long it would take to transfer USD from Mt Gox to my Dwolla account. The response I got was
". . . due to huge volumes of Dwolla withdrawals, it would take up to 8 business days for the transfer to be processed. . ."
Is that your recent experience? How long is it taking you to withdraw USD from Mt Gox via Dwolla? Are the transfers at least going through even if they do take a long time or are they stuck in limbo?
There have been reports of it being longer ... up to 2 weeks, though getting back to 1 week. The withdrawal is held by Mt. Gox until they have the funds in their Dwolla account to be able to do an account-to-account (A2A) transfer. You can request the withdrawal be canceled and take your funds elsewhere if you wanted. There are others, like Camp BX and Intersango that will cash out to Dwolla, within hours. |
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How much money does it produce?
I just did some math and came up to about 18 million USD just by mining, is this right? Well, target of 1 block every 10 minutes, 6 blocks per hour, 24 hours per day gives 144 blocks per day. Current price is $5.46. 50 BTC per block. 144 blocks. So using that for the past day, that is 144 X 50 X $5.46 = $39,312. So that's about $1.1 million per months, and $14 million per year. Of course, since we can't know the future price, predicting total revenue going forward is pure speculation..  - http://blockchain.info/charts/miners-revenueAnother good chart: - http://blockchain.info/charts/miners-operating-profit-margin |
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This hacking crap WILL be the main thing that keeps bitcoin from going to the general population.Who besides software guru's & REAL puter nerds will understand how to secure either thier PC or logins to such an extreme level  Well, I guess they won't be adding any LinkedIn connections either. Or looking for love on eHarmoney: Another 1.5 million passwords leaked - http://arstechnica.com/security/2012/06/eharmony-confirms-member-passwords-compromise/ |
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A minor little detail ...
"Cards are only valid in the U.S."
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PM to schedule a lesson today.
Can you be reached via IRC? If so, what nick? Also what is your #bitcoin-otc username, if not the same as your IRC nick on freenode? |
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You completely miss the whole point of SatoshiDICE
Spamming the blockchain? Heh, ... well that's a symptom. What I was referring to is how SatoshiDICE is cheat-proof. (well, they could cheat and you might not be able to tell until the secret is revealed the next day, but by the next day you can know that your bets paid out or not because of math, not because the operator happened to be honest or not.) |
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Sub
Unsub. [Edit, damn, didn't work.] |
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Weekend dip indicator- off Definitely not looking like a selloff (which would be when the current week's high for the 7-day period is lower than the previous week's 7-day high). So the indicator won't give any help this week with a signal, third one in a row that it didn't apply.  - http://bitcoincharts.com/charts/mtgoxUSD#rg10zczsg2012-05-12zeg2012-06-07ztgSzm1g10zm2g25Again, this doesn't mean there won't be a selloff, just that the indicator isn't flashing green. When it does flash green, there's a greater than 50% chance, historically, of there being profit by selling Wednesday evening (west) / Thursday (east) and buying back over the weekend as the prices start to rise following a selloff. Maybe next week. |
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80% of the american public (me included) is dumber than box of rocks & will never accept those extremes of security,on a personal level.
He has a point there. That's why (in the U.S.) when the banks have losses from identity theft they find it cheaper to either pass along the cost when they can (reverse transactions) or eat the remaining loss when they can't. That's cheaper than the cost of customer training and lost customer satisfaction when trying to impose security procedures like a Yubikey, for instance. Well, let's see after this LinkedIn security breach if anything changes. 3.4 million passwords have been cracked so far, though if the perpetrator has the corresponding e-mail addresses that hasn't been leaked yet. But anyone in the list of 6 million with a password of 8 characters or less in length has probably had their LinkedIn password cracked by now, or will have before long. At some point this will force "extremes of security" such as strong password requirements. My old PW was Capri200,kinda simple but I won't forget it.I'm not a software guru or crypto phreak.No I did not use that PW anywhere else ever.
Incidentally, Capri200 either wasn't used or hasn't been cracked yet. - http://www.leakedin.org/?check=3d9ad3d4e34f82f0b0fd29de989d51acb737c1e8 |
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So far 3,427,202 passwords have cracked from LinkedIn List Almost 50%Its been about 24 hours - The longest? a 29 letter sentence from Bible - https://twitter.com/CrackMeIfYouCan/status/210474428407103490So, the "username" (LinkedIn doesn't use usernames, so that's e-mail address) hasn't been leaked. So 3.4 million email passwords, maybe a quarter (more, I'ld bet) used the same password as their email, and PayPal. So presuming a party with malicious intent has control of close to a million valid email accounts and passwords . So from there, I'm guessing access to the email accounts gives "forgot password" capability to bank accounts. Most of those will be slowed by a "mother's maiden name" mulltifactor security question, ... but there's probably thousands (or tens of thousands) of bank accounts that will get compromised as a result of this. PayPal, without having a security question hurdle even more. Dwolla uses a PIN #, ... hopefully not a whole lot of people used 4321 or 9999 PIN codes for that. Aye ,... this could be painful. |
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