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6181  Other / Beginners & Help / Re: Why do transactions take so long? on: December 02, 2013, 04:00:12 PM
[guessing]
It clearly has been transfered to another wallet and is confirmed as such. However it is not showing up in the exchange account. I would assume that means the exchange has received it in one of their wallets, but has not transfered/credited it to the users account.
Could that be it?
[/guessing]
6182  Other / Beginners & Help / Re: Purchasing coins via Moneybookers/PayPal/Credit Card on: December 02, 2013, 03:30:09 PM
Campbx takes USPS money orders. They cost $1.60 for depositing up to $1000. Also they are in the USA, and comply with financial laws.  Bitcoins are no longer hard to get.

Don't screw around with PayPal. Your money and bitcoins will be stolen and you will wish you had not tried it.  Cry

EDIT: I use bank transfers with verified accounts. Easy-peasy.

 
6183  Other / Beginners & Help / Re: Why do transactions take so long? on: December 02, 2013, 03:16:01 PM
Already 6 confirmation. Still not show up ?
It has been sent and is being further confirmed. Perhaps Cryptsy has some internal stuff they do before crediting it to your account? If you have not done so yet, you should also confirm that you sent it to the correct address.
6184  Other / Beginners & Help / Re: What if this … on: December 02, 2013, 03:11:31 PM
We're all just guessing. But I'm more optimistic than ever. There has never been so much good news and so many people working on cool bitcoin projects. It reminds me of the Internet in 1990. When people were still saying... "Sure, the Internet is fun for geeks. But it will never be mainstream."
6185  Economy / Economics / Re: What percentage of your investment holdings should be in bitcoin? on: November 27, 2013, 02:37:43 PM
There is Art and there are collectables. Not the same.
If an artist doesn't show up on this database, then they are not a part of the contemporary art market, its as simple as that:
http://www.artfacts.net/
Lance Berka isn't there. You might enjoy having the artwork and you might be able to resell it and possibly even make money, but it is not the same as investing in Fine Art.



Certainly true. I mostly buy known artists. But I can make money even buying what I consider crap. Paintings of beautiful girls, for example, hold their value while dark subjects are hard to sell no matter how good. When buying for investment purposes I only look at the price and what I think it's worth. It's not time to be a critic.
I do like his work however. Lance Berka is a trained artist and I think his work will appreciate despite only having local shows. He mixes realistic wildlife painting with influences of graffiti, add art, and the amusement park signs he used to paint. 
6186  Economy / Trading Discussion / Re: How easy is it to rip you off when using paypal? on: November 26, 2013, 08:35:36 PM
Sell me some bitcoins and I'll show you.  Grin

The risk is me paying with PP, then ordering a chargeback via PP. I now have the coins and the PP money. When you complain to PP they may lock your account, as it is against their TOS.
so is it as easy as asking for charback and they will take get their money back from me? Even if I have blockchain proof of transaction?

Does it matter how established my account is?
That has been an experience reported here often. Imagine the look on their face when you mention the proof is in the blockchain. And remember that selling bitcoins using PayPal is against their terms of service. They have no obligation to help you, and they won't.

PayPal will not exist in the future because of bitcoin. They are direct competitors and PayPal knows they can't match the price of sending BTC. 
6187  Economy / Economics / Re: What percentage of your investment holdings should be in bitcoin? on: November 26, 2013, 08:27:28 PM
Thanks Hawker, interesting stuff. I had not heard of fundingcircle.
And I'm with you on metals. I am holding, but not buying right now.
6188  Economy / Trading Discussion / Re: How easy is it to rip you off when using paypal? on: November 26, 2013, 08:17:36 PM
Sell me some bitcoins and I'll show you.  Grin

The risk is me paying with PP, then ordering a chargeback via PP. I now have the coins and the PP money. When you complain to PP they may lock your account, as it is against their TOS.
6189  Economy / Economics / Re: What percentage of your investment holdings should be in bitcoin? on: November 26, 2013, 07:43:43 PM
...
I've never heard of fine art as in investment? Where do I get some arts? ...
I was referring to my extensive porn collection.  Grin lol, no.

Buying art is tricky. I stick to original wall paintings. I try to find artists expressing a unique vision with broad enough appeal to stand over time. For example, I own the original piece that the prints below are based on, and some other paintings by Lance Berka.

I am buying now because the economy is down. When (if) the dollar is rallying again I sell the art I have collected.

http://fineartamerica.com/featured/1-cardinal-lance-berka.html   



6190  Economy / Economics / Re: Ideas for more efficient distribution of money? on: November 26, 2013, 07:23:14 PM
The idea of bitcoin distribution is not to hand them out as broadly as possible. It is a system to reward people who run their computers to help secure and operate the network. It is not a free lunch program. Miners do work and are paid for it.

1. Distribution of coin rewards is halving every 4 years, thus diminishing towards 0. Half of all coins went to adopters in first 4 years.

2. ASICs means PC owners can't leverage their existing assets. Thus not a widely distribution coin.

3. PC mining need not be a free lunch, could also secure the network.

1. True. Those who act first are more greatly rewarded. Welcome to economics.
In the future fees will replace block rewards. They will also go to those who work hardest and smartest.   

2. True. They must buy ASICs. Just as the last generation of miners needed to buy GPU's and before that, powerful CPUs. Miners must spend money on equipment and electricity. You can't pan for gold anymore either, now you must invest in expensive equipment.

3. PC mining was fine for protecting a market cap in the millions, but it is far to weak for the billions we are at now. This scaling acts against the profitability of a 51% attack.

Bitcoin is market driven. It rewards hard work, capital investment and greed, but nothing else.

P.S. I'm glad you are a contrarian. We need more than one uni-brain here.  Wink
6191  Economy / Trading Discussion / Re: Is it possible to reliably, quickly and for a low fee convert BTC to fiat? on: November 26, 2013, 05:52:52 PM
BitPay is the market leader for bitcoin payment gateways. You can set up an account that allows you to accept them without ever dealing with them. Coins are converted and deposited into your bank account daily. Of course, if you learn more about bitcoin you can receive them and pay no fees.
6192  Other / Beginners & Help / Re: Someone hacked my INPUTS.IO accoount!!!Help me!!! on: November 26, 2013, 05:49:39 PM
Light clients like Electrum still give you full and exclusive control of your private key. So there really is no excuse.
Yes. and I think there are others. I used qt as an example because I knew that one for sure. The important thing is who has control of the private keys. It's crazy how many people set up a wallet at some random website then let their bitcoin grow to $10k. That kind of money should be backed up and kept offline in a safe deposit box.
6193  Bitcoin / Press / Re: 2013-11-26 PerthNow: Why the bitcoin bubble will burst on: November 26, 2013, 05:41:51 PM
They just don't get it do they.  Huh

They have seen bitcoin produce many bubbles and many pops. Yet they keep thinking there is a bubble pop to zero. They are treating bitcoin like a stock. Money paid for public stock is money that is needed to keep a company afloat. Bitcoin is a software program that does not have a minimum needed valuation. In fact bitcoin doesn't care what the price is.
6194  Other / Beginners & Help / Re: Why so many on: November 26, 2013, 05:36:45 PM
90-99% of alt-coins are worthless. Anyone can create one. Most were created by people experimenting and playing with the bitcoin code. Kinda neat, but not going anywhere.
6195  Other / Beginners & Help / Re: Someone hacked my INPUTS.IO accoount!!!Help me!!! on: November 26, 2013, 05:33:55 PM
I know running the QT client is a big hassle. The constant downloading, the file size, etc. But unless you are running a full client you are trusting someone. The bitcoin economy is still fetal and does not have trustworthy entities yet. While the owner of a business may be trustworthy, he/she is not in a position to offer you a guarantee.  If a theft or a mistake looses the businesses coins, you are screwed.
Try keeping all your coins under your direct control. Use a full client that maintains your private keys and back it up. No one cares more about your BTC than you do.
6196  Bitcoin / Bitcoin Discussion / Re: Need to switch to mBTC soon on: November 26, 2013, 05:22:41 PM
The price is irrelevant. But try telling that to normal people.

We could also just move the decimal point and create 21 billion bitcoins. It would not change the value of anyones holdings, but again, try telling that to people.
6197  Economy / Economics / What percentage of your investment holdings should be in bitcoin? on: November 26, 2013, 05:11:10 PM
With the dramatic rise in bitcoin price I worry about the size of my BTC holdings relative to my overall portfolio. As much as I love bitcoin, it is still a social experiment. I am trying to keep diversifying my assets as a hedge. Anyone else thinking about this? Below is the mix I'm trying to acheive.

Bitcoin..............................%30
Cash in USD and EUR.......%20
Real estate.......................%20
Investment vehicles.........%20
Precious metals...............%7
Fine art.............................%3
6198  Economy / Economics / Re: Ideas for more efficient distribution of money? on: November 26, 2013, 04:57:23 PM
The idea of bitcoin distribution is not to hand them out as broadly as possible. It is a system to reward people who run their computers to help secure and operate the network. It is not a free lunch program. Miners do work and are paid for it.
6199  Other / Archival / Re: Can anyone donate me 50 - 60 Bitcoins? on: November 26, 2013, 04:40:31 PM
I have a reason for asking for 50 grand for free too, it's called the I need $50,000 for a corvette fund. Will you donate?

lol.
But seriously OP. If you change your title to "Can anyone donate me $50,000 dollars?" then you will see how preposterous your question is.
6200  Other / Beginners & Help / Re: Newbie to this forum on: November 26, 2013, 03:44:35 PM
Hi guys.
All of us were newbies once. Many of your basic questions may already have been asked, but fresh minds like yours are needed to expand bitcoin into new directions. Welcome fellow peers.
 Smiley
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