Thank you so much for doing that! I don't think anyone but me ever checked (I did it multiple times, though, of course).
So did everything check out as you expected? i.e.: have you been able to prove the existence of the coin at point x in time?
yes  Used the hash as private key at bitaddress.org and the generated adress was loaded with 0.00025 BTC. The transaction-id was the same as on the certificate and confirming thus the date of certification nice  . thanks again. Hehe, you should probably be quicker than that. We're reusing those funds for new proofs as can be seen in this wonderful transaction: https://blockchain.info/tx/53b311e4d7574966f0e4e206a954b11c52a974d302c4df0bd02da197b1854cfaReuse of these fund is imperative (bitcoinicette? blockchainicette?) to be easy on the precious UTXO resources of nodes. Of course this assumes that there will always be at least one full copy of the blockchain available (including also transactions and outputs that can be pruned) in order to be able to conduct the proof of age. I think we can safely assume that, though. Oh, ok... Don't want to steal Go ahaed and take the certificating transactions back edit: maybe in the future you can send the date as certificating transaction? So for example 0.0130709 if you do it today? But maybe that's to expensive (risk of 'theft')? Or offer it as an additional service and never take back those funds from that coin... Just an idea It wouldn't hurt much if you "stole" 0.00025 BTC. I'm not sure what value it would add to encode the date into the amount. One has to look up the tx anyways and the date of the transaction will be right there. |
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down we go
oh my god, now I see it, too (after looking very hard): we went down $0.60 in 30 minutes! |
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Some Tuesdays have proven to be interesting in the past, let's see what today brings. Laying on the beach with a cocktail watching how this wall at 80 gets eaten, could become a nice day  Wall at 80 getting eating? We haven't touched 80 on gox since 26 hours. What kind of cocktail are we talking about? |
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Received my 1BTC coin  Thx guys! I guess my other package will arrive on friday? We'll send it in about 3 hours, so given the running time of the last package you should have it by friday, yes. I just did the certificating proces again (hashed the file etc) I don't think anyone but me ever checked (I did it multiple times, though, of course). So did everything check out as you expected? i.e.: have you been able to prove the existence of the coin at point x in time? Edit: may i ask why you send 0.00025 BTC in stead of 0.00001337 BTC to the certificate adress?
Because at one point my bitcoind said "insufficient funds", so I tried a higher amount and neglected to change it back (the reason for insufficient funds was a different one). (I'm not sure the new dust limit applies. I think it does, because it applies to unspent transaction outputs which are generated, but I'm not sure. Does someone here know the details?). So I just changed it in my script to 0.0001337. That should be above dust treshold and looks equally cool. When Bitcoin hits 10000$ I think I'll import the private key (I also posted a photo of the certificate and the coin on my facebook page with the comment that when they invested enough time, they could get some bitcoin with the info on the certificate ) Hehe, you should probably be quicker than that. We're reusing those funds for new proofs as can be seen in this wonderful transaction: https://blockchain.info/tx/53b311e4d7574966f0e4e206a954b11c52a974d302c4df0bd02da197b1854cfaReuse of these fund is imperative (bitcoinicette? blockchainicette?) to be easy on the precious UTXO resources of nodes. Of course this assumes that there will always be at least one full copy of the blockchain available (including also transactions and outputs that can be pruned) in order to be able to conduct the proof of age. I think we can safely assume that, though. |
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hey guys. Nice to see shipments are already trickling in.
Just fyi: I screwed up with 2 customers (forgot upgrades or additional coins that had been ordered). We're working things out, though.
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If you're building a large rig and you DON"T have a bag of at least 1,000 zipties, you're doing it wrong.
So true lol. I keep a stock pile of Zip ties around in case I get in the mood to do a little rearranging/house cleaning. I think every GPU in my farm has at least 2-3 zip ties each in some shape, form, or fashion. Forget zip ties...  If this doesn't solve it, than nothing will. Tape is surely better for some purposes. Ever tried to build a bridge spanning 10 meters with zip ties? (See myth busters for the tape bridge). |
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just because your hand-draw line ?
My hand is known for drawing lines that matter in trading. Just don't guild the page upside down. Wow, did I just make a bearish post? Guys, I think something is happening. |
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just because your hand-draw line ?
My hand is known for drawing lines that matter in trading. Just don't guild the page upside down. |
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I swear to god this shit is down like 50% of the time.
it's this piker right here wow i scrolled up didn't see him before NYC;) you are a fucking idiot (I know from other threads, too) and I don't use this term lightly. go home and smoke a bong or whatever. |
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You can use offchain transactions. They also solve the problem of dust.
Also notice how there is a service put up by a dude that uses the same handle as you that does facilitate just that . http://inputs.ioyou're welcome. |
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The first confirmation occurs when a transaction is included in a block. When another block is built, no mention is made of that transaction, but there is a link to the previous block. This block is the 2nd confirmation. you're feeding the troll and so am I. happy, troll? |
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Jan, for a vacation week, you're posting quite a lot Woops... Guilty. I am not coding, posting is different yes, it's easier and less rewarding. |
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Put them in a cold wallet. Make a paper backup. Delete the wallet. Put the paper backup in a spot you cannot very conveniently reach (bank vault). Only add to the wallet at current depressed prices.
This is good advice and I already put 80% of my coins into very cold storage out of my immediate reach early 2012 to protect them from my emotions. It has worked. I could've multiplied my bitcoin holdings by using these 80% in 2011 and again in 2013 easily by going short at the right moment and long again at the right moment. I could've also lost a substantial portion of that by trading on emotion or even rationally. Since I believe in the future of bitcoin I'm not sad I held on to my precious little stash. If bitcoin becomes a success on a large scale, it'll be enough anyways. If Bitcoin fails, even 100 times more coins wont do me any good.So if you're a bad trader like me, just follow watchwoords advice. |
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No matter what I'm buyin back in at $2. I'm not waiting for $1.
now that's a plan |
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If 50 is broken then we go through the process that is called capitulation. People like you will think Bitcoin is dead and abandon all hope. But we will reach a bottom eventually, even though many here will keep saying that we haven't hit bottom yet and that it will get worse and worse. When price hit $2 in 2011 people still kept shouting that price would go to $1 and below, even by well respected and knowledgeable forum members. But it didn't, and the ones who bought throughout all the panic made huge amounts of profit in the end. Now I'm not saying that 50 will be broken and that we go through this entire process again, but there is a reasonable chance it will and it will not be the end of Bitcoin.
this. And the fact that even a stubborn perma-bull like me recognizes the possibility of another massive drop down to 50 or even below might be seen as an indication that the bottom is in soon. It's usually the bottom when I stupidly sell coins in panic. We're not quite there yet, but I'm starting to not feel so well any more and I'll probably panic below 50 (hopefully I'll be far from a computer at that point). On the other hand I'm starting to feel greed boil up that wants to throw more fiat at the thing before the train leaves again... Interesting times in any case. |
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So I was just looking over all of my spreadsheets, I have sold a TON of Casascius Coins. Over 325 Casascius Coins Sold. That's a lot of coinage.
wow. over what period of time? That's a lot of work, respect. Congrats on competitive pricing, too. |
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It's also a question of measuring stick. What's more "real"? Bitcoin or Fiat. Do you use the state-enforced fiat measuring stick, then yes, if you hold on to your coins through all the volatility, you have fluctuating unrealized gains/losses until you sell, then you have realized some gain or loss.
If you use bitcoin measuring stick and you hold some fiat, then the question is: when will you sell your fiat stash into this rally? (what goes up must come down).
If you use bitcoin measuring stick and have no fiat, you're not making any gains/losses, not even unrealized ones. You're just sitting on the sidelines with your real money.
It is way too early to measure value in bitcoins. If all is in bitcoin your net worth did not go up in the runup, eventhough your purchasing power in the economy tenfolded. This is a contradiction. Which part is wrong? 'your net worth did not go up' or 'your purchasing power in the economy tenfolded'? This is the same point I was going to make. Right now, BTC is integrally tied to USD... When the value drops, so does your purchasing power. If you bought 1 BTC at $266, right now you would still have 1 BTC, but you cant buy the same amount of stuff with it as you could 6 months ago. I don't buy stuff with BTC today, I buy stuff with BTC in 15 years. |
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so I guess you guys will NOT order a roll? If not, I'll order in that UK group buy... most likely not. go ahead and use the group buy. thanks for your trust and waiting for us to decide, tough. edit: not interested anymore in the silver 10 LTC coins as smoothie raised the price to 28(!) LTC and charges high shipping costs.
I offered shipping service to him but he didn't take the offer as of now. Also, there's also various risks and much work involved, so I'm not especially keen to do it. In general I have initially loved the idea of combining silver (or gold) with a physical bitcoin. For some reason the idea has lost a bit of appeal for me. Bimetallic standards have always had big problems . Of course those coins are really beautiful and make wonderful collector items. |
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Money is a scam. Get over it. It always has been a scam since humans figured they would start using otherwise worthless things (paper, nickel, gold) to "pay" for things that are actually needed to live. Money, whether fiat or based on something "tangible", is only worth as much as people who use it think it's worth.
Modern fiat currencies may be considered more "scammy" than historical currencies. They are essentially based on a complex network of debt instruments that does not collapse on itself for as long as the end user -- me, you and every other Average Joe -- use the currency to buy food, pay our rent and (yes) exchange for BTC.
I don't agree. Limited supply is key. The rest of your argument is valid ("is worth what people who use it think it's worth"), but that doesn't make money a scam. Fiat money with elastic supply however, is a scam (OPs point) |
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A large portion of that was Bitcoinica forced liquidations (aka Zhoutonged)
Zhou is in the biz again doing coinjar.io |
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