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5921  Bitcoin / Project Development / Re: BANK RUN! - P2P Fiat-Bitcoin Exchange on: February 13, 2014, 02:51:48 PM
I'll have to read this closely. It looks like you are on to something bro!  Smiley Thanks.
5922  Bitcoin / Bitcoin Discussion / Re: "‘Bad news is good news for Bitcoin" - nice article about BTC. on: February 13, 2014, 02:47:46 PM
I have lost count of the number of times bitcoin has "died". It is usually pronounced dead by someone who just heard about bitcoin and has discovered a fatal flaw we all missed.  Roll Eyes
5923  Bitcoin / Development & Technical Discussion / Re: New Digital CB "band" for cryptosystems, i.e. offline bitcoin transactions on: February 12, 2014, 09:21:24 PM
Me likey likey!   Grin

I'm watching this. Please do update if a test is run.
5924  Economy / Scam Accusations / Re: Will police do anything about bitcoin theft? on: February 12, 2014, 09:07:00 PM
The problem is the same as other internet crime. You may live in the U.S. but your bitcoins were stolen from Mt.Gox in Japan by some thugs in Ukraine. The thugs transfered them into a wallet running on a server in Saudi Arabia.

Now, if I go to the local police with that story what is going to happen? Will the cop hop on a plane to the Saudi kingdom? Will he call his contacts in Ukraine, or bone-up on Japanese law? Nope. He/she is going to look you in the eye and say "What the hell are you talking about"?

At least for the next few years we are on our own.
5925  Bitcoin / Bitcoin Discussion / Re: Should the foundation apologize to GOX?! on: February 12, 2014, 08:53:55 PM
This can't be said enough.  If "your" bitcoins are under someone elses control you have an IOU for bitcoins, not bitcoins.

+1

So many people don't seem to realize that as soon as you send your bitcoins to an "account" or "wallet" where you don't have exclusive control over the private keys (such as MtGox, BitStamp, BTC-E, CoinBase, inputs.io, BitFloor, Bitcoinica, BS&T, etc) they are no longer your bitcoins. ...

++1
The only bitcoins you own are the ones associated with the private keys you control. Satoshi created for us a trust-less system of money. The moment you trust another entity with your private keys, that all goes away and if those coins are taken there is nothing you can do about it.
This is also true for the many investment scams going on here. If someone wants you to invest in their business or claims to have a way to double your money. You will need to do far more due diligence than a normal investment. There is absolutely no protection for you and if you are ripped off, say goodbye to your money.  The police, the courts, nobody is going to help you; or even understand you.
5926  Bitcoin / Bitcoin Discussion / Re: The Greek central bank warned us about bitcoin, what should I do? (POLL) on: February 12, 2014, 08:43:13 PM
lol the Greek Central Bank is good at handling finances

That is funny. I also like JP Morgan warning about bitcoin money laundering and fraud. Oh F-kin please.  Roll Eyes They were Bernie Madoff's bank and the preferred bank of the Columbian drug cartels. Here is today's scandal.

http://www.scmp.com/business/banking-finance/article/1425646/jpmorgan-chase-new-scandal-involving-insurance-regulator
5927  Economy / Economics / Re: Mt Gox got robbed. on: February 12, 2014, 08:36:27 PM
Classic bitcointalk. Bold accusation followed by zero supporting evidence.  Cheesy
5928  Other / Beginners & Help / Re: Absolutely no way to recover wallet password? on: February 12, 2014, 08:32:27 PM
If there was a way to recover your password then encryption would not have been implemented. The good news is that you probably kinda know your password.  as mentioned above, try caps, try o instead of 0 or I rather than l. Keep trying, it's all you can do.  Cry
5929  Other / Beginners & Help / Re: help please on: February 12, 2014, 08:16:04 PM
Hi Paul.
What people here are telling you is that mining bitcoin is likely not an option for you. You will need to buy very expensive specially built mining hardware to get in that game. You could try mining a different coin then selling it for bitcoin, but that has a steep learning curve and may not be profitable. I would highly recommend just buying a small amount of bitcoin to play with.

If you want to drop $20,000 on some mining equipment, here is something that might help.
https://en.bitcoin.it/wiki/Mining_hardware_comparison
cheers
5930  Other / Off-topic / Re: Bitcoin is finished. Don't say I didn't warn you. on: February 12, 2014, 06:47:02 PM
I  don't understand how you guys are loosing money? Your not trying to "invest" in bitcoin are you? Bitcoin is not designed to be an investment vehicle. It is a currency. You buy it then spend it online when you see something you want.  IMO, investing in bitcoin should be considered very risky.
 
5931  Bitcoin / Bitcoin Discussion / Re: Bitcoin ATMs and fake money problem? on: February 12, 2014, 06:32:46 PM
If they are following KYC regulations then they should know who passed the bad bill. Don't the B-ATMs use hand-print readers or something?
5932  Bitcoin / Bitcoin Discussion / Re: BITCOIN GOT HELD on: February 12, 2014, 04:39:43 PM
don't store BTC in virtual wallet.
always retrieve in bitcoin-QT or android wallet for example ...

That's what I do. Haven't lost a Satoshi yet.  
5933  Other / Meta / Re: It's Time For Theymos To Kill The Alt Section on: February 11, 2014, 05:03:00 PM
Well I have set up my preferences to ignore the boards I do not want to see. It works great. No more alts or foreign languages to sort through. Much cleaner forum now!
5934  Economy / Lending / Re: 100 BTC LOAN NEEDED W/COLLATERAL on: February 07, 2014, 09:32:58 PM
I would need the deed to your paid off home. This assumes a valuation in excess of $100K.
5935  Other / Politics & Society / Re: BTC is boring so lets watch the Bill Nye/Ken Ham evolution vs. Creation Debate! on: February 07, 2014, 08:18:11 PM
I thought that there should have been more rebuttal time allowed.  Also, there was some scientific evidence that Ken Ham did not bring up.  For instance, since Bill Nye is on a board for Mount St. Helens, I would have liked to see Ken Ham discuss how after the eruption in 3 days a canyon was carved there that is 1/10th of the size of the Grand Canyon.  This brings some observational and experiental evidence to the fact that the Grand Canyon may have been formed in much less time than the billions of years that their historical science leads them to believe.

And for the age of the stars there is a fantastic book called "Starlight and Time" written by an astrophysicist named Dr. Russel Humphrey that shows mathematical reasons as to how if the earth is in the position of an "event horizon" we will see the planets as being so far but experience what is only 6 days to us.  Most of the book is over my head, but there is science out there that supports a young earth that should not be ignored, but unfortunately it is.



I would not say it is ignored. These things have been looked at and explained. For example the canyon at Mt. St. Hellens was cut through ash. That is very different than cutting through basalt and granite.
5936  Economy / Speculation / Re: i put almost all my money and lost a lot on: February 07, 2014, 08:05:19 PM
Just to be clear. When you buy hi and sell low, it is not bitcoin that has failed.
5937  Economy / Speculation / Re: i put almost all my money and lost a lot on: February 07, 2014, 03:39:44 PM
Thank you for the warning. But I put in a reasonable amount and made a fortune. So...
5938  Other / Meta / Re: It's Time For Theymos To Kill The Alt Section on: February 06, 2014, 09:25:54 PM
Although 99.9% of alt coins are stupid or outright scams, I think they should have a place. Alt coins can be a hedge against any entity that thinks it could crush bitcoin. Any serious attempt to do so would just result in the ascendancy of another coin.
My problem is that it has become almost impossible to sort through the dozens of script-kitty announcements that junk up the forums. There has to be a way to do both.

Could we:

  • Allow blocking of some areas? kinda  like an ignore list for forum sections.
  • Keep posts in the alt section from showing in the recent posts list?
  • Set up another related/linked domain for alts? altcointalk.org is available.
  • Other?

1 and 2 are already possible in your profile settings. There is a Ignore Board Option.

How can you not know this?
Really? I did not know this.  Embarrassed

Also, @surfer43. 99.9% IS way to high. I don't know what percent of alts are serious attempts to create a viable coin. I shouldn't have used numbers. 
5939  Economy / Speculation / Re: Bitcoin dropped to $784 at bitstamp, $779 at btc-e, $866 at mtgox on: February 06, 2014, 06:49:02 PM
If exchanges were fungible then this would be weird. But they have different users, risks, fees, etc.
5940  Other / Meta / Re: It's Time For Theymos To Kill The Alt Section on: February 06, 2014, 06:43:15 PM
Although 99.9% of alt coins are stupid or outright scams, I think they should have a place. Alt coins can be a hedge against any entity that thinks it could crush bitcoin. Any serious attempt to do so would just result in the ascendancy of another coin.
My problem is that it has become almost impossible to sort through the dozens of script-kitty announcements that junk up the forums. There has to be a way to do both.

Could we:

  • Allow blocking of some areas? kinda  like an ignore list for forum sections.
  • Keep posts in the alt section from showing in the recent posts list?
  • Set up another related/linked domain for alts? altcointalk.org is available.
  • Other?
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