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601  Bitcoin / Bitcoin Discussion / Re: Paper Wallet Woes.. on: April 30, 2012, 11:57:47 PM
I haven't had any luck Sad

The fact that the decoded private key from strongcoin starts with a "y" and not a "5" leads me to believe that they have a bug somewhere in their code.

Hopefully, their support gets back to you
602  Other / Beginners & Help / Re: BitCoin miner for Android? on: April 30, 2012, 11:51:04 PM
Even if you could do this, you would make so little ... a couple pennies a day or something.
You won't make any money. In fact, you will lose it.  There is no way a phone will ever make more in coin than the cost of electricity.
603  Other / Beginners & Help / Re: is this "OK" to mine with?? on: April 30, 2012, 10:39:24 PM
It seems like many people are recommending AMD based GPU's; is it still recommended if you're using Linux? As far as I know, the support for AMD is mediocre compared with Nvidia.

https://en.bitcoin.it/wiki/Mining_hardware_comparison
604  Bitcoin / Bitcoin Discussion / Re: Can we have a "Digital Commodity" since BTC is a Digital Currency? on: April 30, 2012, 10:22:12 PM
Barter transactions are already subject to federal income tax (and probably sales tax in most jurisdictions):
http://www.irs.gov/businesses/small/article/0,,id=187920,00.html
http://dor.wa.gov/Content/GetAFormOrPublication/PublicationBySubject/TaxTopics/Bartering.aspx

Interesting, quoting from second link...

Quote
Bartering transactions are taxable
Imagine coming to work at your accounting business on a Monday morning and finding that the plumbing in the employee washroom has been leaking over the weekend. While insurance will cover the water damage, it will not pay for the new plumbing work. Fortunately, one of your clients is a plumber. So, you call Jake the Plumber and tell him your problem. The two of you agree that the work will cost an amount equivalent to six months’ accounting work. Jake does the work, you do his accounting work, and no money changes hands.

Is there any tax liability associated with this barter transaction? Yes!

I still don't get how there is any "tax liability" in there but will follow on this thread and try to learn from others.
Seems to me there is always "tax liability" Sad
605  Other / Beginners & Help / Re: Transaction fees on: April 30, 2012, 10:20:23 PM
To the miner that mined the block your transaction is in.

Reward for solving a block is 50BTC + transaction fees.

Sooo.. does that mean the mining pools get all those fees?  Last I checked on BTCGuild, the payout is 47.5/share. 
Most pools take the transaction fees and a percent of the block.  Long live p2pool!
606  Other / Beginners & Help / Re: Bank of America on: April 30, 2012, 10:02:46 PM
I made a delivery of barn wood the end of last week to Indiana and purchased wood to bring back to Illinois. The client I sold to, cut me a check for $5K drawn from BoA. I had ample cash on me to complete my intended purchase, but opt to cash the check at BoA, opposed to bringing it back to Illinois and depositing it into my account (different bank). I was not able to cash the full amount. I received $2,500 in cash and a cashiers check for the other half. I asked the manager why, and her reply shocked me. First, I didn't have an account with BoA. Understandable. Second, and you're not going to believe this, she told me they didn't have enough funds on hand to cash such a large check. In fact, she said that if I did have an account at BoA, I would have had to call in a couple days prior to inform them that I was bringing in such a big check so that they would have the funds readily available (paraphrased!). This was on a Friday when people normally get their paychecks and cash them and I was at the bank well before noon. I've thought about that incident the whole trip back home, with the intention of relaying that event to this community. I recon this thread is as good as any.

~Bruno~

Reminds me of all the videos I have watched that opened my eyes to the reality of fractional reserve banking, and the ultimate conclusion that debt creates "money".  The videos go over how banks are just there to create debt, which in turn just adds virtual zeros to the total (virtual) money supply.  I know this isn't news to you, but man it's just a hilarious joke they are playing on us, isn't it?  It almost doesn't surprise me that you asked a bank for money, and they literally didn't have any.

Another bank story that happened, and still is happening, here in Sandwich, IL.

A new bank just opened up here in Sandwich, and just in time for we only had over half a dozen to serve a population of approximately 7,500. My nephew informed my sister and I that the new bank is offering a promotion. Deposit $50 and get $150 bonus. We informed him that there are probably catches as to how that extra $150 is going to be doled out and that chances are he won't qualify. Needless to say, he didn't heed our advice and proceeded to go to some local money-bags for a $50 street loan. It seems that Mr. Money-Bags, having deep pockets, was ahead of the curve on this promotion and backed Several (with a capital S) people to take advantage of this. My nephew informed us that he did it and would be able to withdraw the money in a couple days, enabling him to give Mr. Money-Bags his cut (50/50). We laughed at him, so he went on his way. BTW, this all started last Monday. Needless to say, my nephew came back to report to us that we were...wait for it...wrong. He got all the money (showed us proof) sans $5 that had to be kept in the account. My nephew, being a responsible individual (notice we didn't seed his endeavor), used his newly found wealth to...wait for it again...buy drugs. Needless to say, again, Mr. Money-Bags is still waiting for his cut (includes seed monies) from Several (still with a capital S and growing) reliable clients of his. My nephew informed us that he looked for Mr. Money-Bags but couldn't find him, hence now owing him the money. He wants Uncle Bruno to help pay off Mr. Money-Bags of which I believe would be the nice thing to do. I told him that I will get my friends at BitcoinTalk to donate to a vanity Bitcoin address and that he'll have the $100 in a couple days. That said, please donate whatever you can to help my nephew repay the local drug dealer Mr. Money-Bags back $100 by using the following address: 1GoFuckYourselfJohnJohn (real first name at end of address).

Now somebody explain to me how the bank was able to do this promotion knowing, or without knowing, that 50+ (a pretty good guess) druggies would take advantage of their promotion. Is it possible that the bank is in cahoots with some law enforcement agency, thus providing them with names of people who took advantage of this promotion? That would be ingenious, paying only $150 per name of unscrupulous individuals.

Thoughts?
They do those promotions so they can say "look how many customers our bank has grown by in the last year!"  Not so they can catch people buying drugs...  LE doesn't care about people buying drugs.  They care about people selling large quantities.
607  Other / Beginners & Help / Re: Transaction fees on: April 30, 2012, 09:58:07 PM
Also note that once the maximum number of Bitcoins are created (~21 million) fees will become more important to the network as the miner will no longer receive new Bitcoins as a reward.

Is it possible to increase the amount of bitcoins?
Not without a hard fork.  But there is no point.  Bitcoin is deflationary by design.

Quote
When it reaches the maximum number of bitcoins, could we assume that the fee will be increasingly expensive?
I don't think the per-transaction fee will really change that much, but the number of transactions will hopefully be much higher and so there will be more fees for miners to earn.
608  Bitcoin / Bitcoin Discussion / Re: Paper Wallet Woes.. on: April 30, 2012, 09:45:49 PM
Armory will do everything you need and keep your wallet absolutely safe.

http://bitcoinarmory.com/index.php/using-offline-wallets-in-armory
bitcoind should also do what he wants though.  No need to get everyone running alpha software for their primary wallets.

Maybe try 'bitcoind -rescan'?  Although the import should have forced a rescan.  Can you check the address on block explorer and verify that there are funds there?
609  Other / Meta / Re: Chrome malware warning on: April 30, 2012, 09:43:07 PM
One more thing to make sure my forum handles properly.
610  Other / Meta / Re: Unjust scammer tag on: April 30, 2012, 09:41:12 PM
I've had bulanula on my ignore list for quiet awhile.  Now I remember why.  I don't think this case was scamming, but he was/is definitely being a dick.
611  Other / Politics & Society / Re: What level of tyranny will you live under ? on: April 30, 2012, 09:38:37 PM
You pointed out exactly why I think a republic is better than a democracy: because the majority public is largely uninformed and stupid.  Like I said, the majority would vote to raise taxes on those with high incomes, because they want to lower inequality (or whatever other lame reason they choose).  Electing officials who are well educated and experienced, who know what laws to make that will benefit society as a whole, is the better route to go.
If a Democracy cannot be trusted because the people are uneducated, I think it is foolish to believe that this same uneducated group will vote for educated and experienced officials in a Republic.
612  Economy / Gambling / Re: MMM-2011 hugest Ponzi scheme :: Bitcoins accepted on: April 30, 2012, 09:35:34 PM
All have been already warned with capital letters. Mavrodi does not hide his name and internet is full of his past.
Exactly.  This is the exact opposite reason to invest though.  So why did you invest? To capitalize on idiots who come after you?
613  Economy / Gambling / Re: MMM-2011 hugest Ponzi scheme :: Bitcoins accepted on: April 30, 2012, 09:29:31 PM
Yes, people, stay away from this!

Quote
DO NOT TAKE PART IN THIS DAMNED MMM-2011!

TO HELL WITH IT!

LIVE YOUR LONG HAPPY LIFE MAKING YOUR MONTHLY WAGE! :-))

I DO REPEAT, SPEAKING ENGLISH STRAIGHT INTO YOUR EAR:

DO NOT TAKE PART! DO NOT TAKE PART! DO NOT TAKE PART!

DO NOT! DO NOT!! DO NOT!!!

RUN AWAY AS FAST AS YOU CAN, CLOSE THIS WEB-SITE AND DO NOT RETURN!!!

DO YOU GET THIS?

http://i-mmm.com/en/info.php

Mavrodi is god damn crazy criminal and totally nuts.
QFT?

Why the hell would anyone invest in this when even the site says not to? It relies on idiots who will give their money away for nothing even when told they will get nothing.
614  Bitcoin / Mining software (miners) / Re: Email notifications in BAMT on: April 30, 2012, 09:25:44 PM
Just make sure you use SSL or TLS. Then it connects securely just like any other mail client would.

http://support.google.com/mail/bin/answer.py?hl=en&answer=13287

These instructions are for POP, too, but the SMTP part is what matters for what you are doing.
615  Bitcoin / Bitcoin Discussion / Re: Can we have a "Digital Commodity" since BTC is a Digital Currency? on: April 30, 2012, 09:23:22 PM

Can you [insert free activity] without the government whining?


 Roll Eyes

 Tongue
616  Economy / Gambling / Re: MMM-2011 hugest Ponzi scheme :: Bitcoins accepted on: April 30, 2012, 09:21:57 PM
IT IS FINANCIAL PYRAMID. THERE IS NO INCOME HERE EXCEPT NEW INVESTMENTS.
Thank you for making my point.

I urge anyone reading this to stay far far away from anything built at all like this. ESPECIALLY ONES RUN BY PEOPLE WHO HAVE BEEN IN JAIL FOR FRAUD AND LOST TONS OF OTHER PEOPLE'S MONEY.
617  Bitcoin / Project Development / Re: Raspberry Pi on: April 30, 2012, 09:06:48 PM
shhhhh... I already have a SD card being used with XMBC on it, but I also have one for debian. I just wanted to see if anyone else did any cool bitcoin things with it.
How well does it actually play video? Can it play a high quality MKV?
618  Bitcoin / Hardware wallets / Re: Hardware Bitcoin wallet - a minimal Bitcoin wallet for embedded devices on: April 30, 2012, 08:59:30 PM
Cool project!
619  Economy / Web Wallets / Re: Blockchain.info - Bitcoin Block explorer & Currency Statistics on: April 30, 2012, 08:57:30 PM
So the enginneer restarted tomcat but the frontend still isn't responding. Couldn't have happened at a worse time as weve just had our YC interview and wanted to demo the Site.

I need to diagnose the problem but can't do it from here due to firewall restrictions so unfortunately the site won't be back up for another 48 hours. Sorry for the inconvenience if I could fix it any faster I would.

The multibit client (http://multibit.org/) can import blockchain.info backups easily.
Thanks for keeping us updated!
620  Economy / Gambling / Re: MMM-2011 hugest Ponzi scheme :: Bitcoins accepted on: April 30, 2012, 08:52:06 PM
"Like Dragon in Bibile Apocalypse." Oh man that made me laugh. Thanks.

I don't get why anyone would be dumb enough to put their money into something that is so up front about being a ponzi...
Mavrodi phylosophy: Dollar is a short-circuited pyramid. A Dragon. Another Dragon is required to diminish Dragon. Another pyramid. Anti-pyramid.

And forget about Ponzi. His doings are ant digging in comparasion to MMM'94, Stock Generation and current MMM-2011.
You aren't making this sounds safer... If ponzi was small and yet A BAD INVESTMENT, how does that make your investment make ANY SENSE AT ALL?

МММ was a Russian company that perpetrated one of the world's largest Ponzi schemes of all time, in the 1990s. By different estimates from 5 to 40 million people lost up to $10 billion. The exact figures are not known even to the founders.

Sounds to me like we need to not have any "dragons"... Not a bigger one...


IMO, anyone pushing pyramids and ponzis should get the scammer tag.
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