Bitcoin Forum
May 23, 2024, 04:53:58 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 [32] 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 ... 262 »
621  Other / Off-topic / Re: Would you vote for an admitted hetero-sexual president? on: August 18, 2014, 01:20:53 AM
When you vote for president, your vote does NOTHING other than to influence members of the Electoral College in your district. It is the Electoral College that casts the votes for the President that elect him (her?).

Smiley
Ehhhh... maybe 50 years ago. Most states have criminalized or otherwise punish faithless electing.
622  Other / Politics & Society / Re: Anyone following the ebola outbreak? on: August 17, 2014, 10:07:59 PM
Liberian government isn't looking too strong or credible. Declaring a community-wide quarantine could bring an armed response if citizens are so distrustful, they wonder if it's intentional genocide.
623  Bitcoin / Bitcoin Discussion / Re: do bitcoin ATMs really suck this much? on: August 17, 2014, 02:36:34 AM
I complained about the horrible idea of these scary palm scanners at announcement, but there's not much alternative in the US if you operate something with more than play money, and in many cases, it is still a superior method of exchanging than through traditional routes. For example, you don't have to scan and transmit your birth certificate, house deed, and ID over the Internet, then answer a bunch of invasive questions. Undecided

Interesting. When I opened up my checking account it wasn't nearly that difficult though I'm not in the US and this was pre-911. All I needed was ID, SSN, and I had to fill out a short form. You could only do it in a branch too and not online, I think thats still the case. I must remember to close that account someday, haven't used it since 2012 - I've been using bitcoin as my bank account since then.
I should've been more clear -- I meant opening an exchange account for their KYC/AML crap. They have other documents you can use, but I remember those are what I had on hand.

For small "lawful" buyers, I think ATMs are the way to go

Not a hope if they require fingerprint and ID scans. Take a look at the video above of the two lawful customers and the difficulties they had. On top of that there is no way in hell I'd ever give ANYONE my fingerprints for any reason because that is WAY to personal, more personal than a picture of my dick IMO. In fact I'd way prefer to provide pictures of my dick instead of my fingerprints when using a bitcoin ATM and I'm an extremely boring law-abiding citizen which big brother should have no interest in at all.
I don't think that's the general feeling of people, but I could be wrong. It's definitely "innovative" in pushing the boundary of invasion of privacy, but assuming the scanning works quickly and without error, it should be a quick process which I don't imagine will bother many if it's sold as a way of enhancing their security rather than weakening their privacy, which is how the government tries to sell it. The bigger reason, though, is that it can be difficult to find local buyers in some areas, might end up taking something like an hour to put together and meet someone for maybe $10 in BTC, and some people might just not be comfortable buying bitcoin from someone in the exact same way they'd buy drugs (well, with the exception that they can establish trustworthiness through something like OTC, a forum, or LocalBitcoins). -And with an exchange, the process of opening an account is slow and invasive, requiring scanning in documents and sometimes even a visit to the notary (or Google Images.... *whistles*).

ETA: Actually, Idunno if anyone does BitInstant's model anymore, but going to 7/11 or whatever and filling out a WU-like form might be the better option. I don't remember what all was involved with that, but IIRC, it wasn't very invasive.
624  Bitcoin / Bitcoin Discussion / Re: do bitcoin ATMs really suck this much? on: August 17, 2014, 02:28:41 AM
If FedGov says that Bitcoin is property, not currency... then why do they create all the f___ing hassle just to buy some? I can go to Walmart and buy a computer for $520 in cash... so why not a Bitcoin?
Because fed gov also says bitcoin is currency, and then there're obviously state governments, most which haven't decided how they want to treat it. They can obviously be in conflict with each other, too, just as guidance from federal agencies has been. A state can legalize marijuana dispensers, but the federal government can still prosecute operators. -Or more likely in our case, a state can still prosecute operators of something the federal government explicitly decriminalized.
625  Other / Off-topic / Re: Can someone really trace you where you are? on: August 17, 2014, 02:05:37 AM
You can guesstimate the location with what's called GeoIP, which generally goes by your ISP's location data. GeoIP data is effectively public since it's so easy to determine, but is frequently wrong, especially if you have a dynamic IP address. For example, though my PC location is static, I'm usually reported as being 50-200 miles from where I was reported to be the day before. Further, without a warrant, your ISP will generally not give the exact location of the user (rather, the address the IP address user is registered to), and GeoIP is extremely vague -- it says something like "Detroit," not "125 W. Monroe St."

Theymos is pretty good about protecting IP information here. He doesn't permit mods to view it, almost never releases it even if the user's a known scammer, and after there was an issue where people were using images to collect IP data, the forum started serving all external images itself (therefor preventing the user from connecting with the original image host).
626  Other / Off-topic / Re: How you drink your coffee? on: August 17, 2014, 01:56:34 AM
What??? No, guys... what the Hell. You add your seasonings to the coffee filter, not the liquid drink! Cinnamon is a great proof-of-concept. Add a generous pinch to a small handful of ground or crushed cinnamon in with your coffee grounds. Fresh-ground ginger is another great.

If you're going to add something to the liquid, make it Irish whiskey. Tongue
627  Bitcoin / Bitcoin Discussion / Re: do bitcoin ATMs really suck this much? on: August 17, 2014, 01:48:48 AM
Yes it is ridiculous. Thankfully the bitcoin ATM's I use do NOT require any form of identification, but to fully comply with AML requirements in the US you have to jump through all of these hoops.

It's absolutely ridiculous considering you don't even need to provide your fingerprints when opening a bank account, yet they require them everytime you use a bitcoin ATM.
I complained about the horrible idea of these scary palm scanners at announcement, but there's not much alternative in the US if you operate something with more than play money, and in many cases, it is still a superior method of exchanging than through traditional routes. For example, you don't have to scan and transmit your birth certificate, house deed, and ID over the Internet, then answer a bunch of invasive questions. Undecided

This is a sector I believe will become heavily black market in the US unless the state steps in quickly to issue clear and lenient guidance. Machines are exceptionally cheap (<$1k) and few location owners know jack-shit about what you're doing outside that you're paying them, say, $300/mo to keep a small machine in their store and drive foot traffic. I think sites like Silk Road may also end up having a strong influence on what happens with orders on the back-end. Already, except for "major" traders and margin lenders/lendees, I don't think there's really any legitimate competition to person-to-person BTC<->USD trade in the US. For small "lawful" buyers, I think ATMs are the way to go, while for medium-large buyers, I think they'll still want to stick with exchanges. Either way, if ATMs do become a black market sector in the US, the governments have nobody to blame but themselves. Bitcoin's been around for a long time, now, and on governments' radar -- there's no excuse to take this long.

There are a few ATMs which allow you to sell BTC in the US, but these are likely not "legalized," where they operate in undefined gray territory and have not received proper clarification from state bureaucracies nor even made an effort to contact them, probably because they have no legal resources (or are just betting they can skirt by without heavy-handed punishment). I own a small stake in a company looking to put a one-way "kiosk" (you can only buy BTC, where it's really more like a vending machine) in IL, but the state is still reviewing our arguments and their definitions. They drag their feet. However, a few ATMs sprung up in IL in the meantime, obviously without proper clearance and who operate at significant legal risk.
628  Economy / Gambling / Re: Hey I'm addicted to gambling what else can I do?? on: August 17, 2014, 01:29:52 AM
Every addiction is hard to stop
You need rehabilitation, take trip, go away from society for a while to keep you away from gambling.
Vacations are very helpful. One of the benefits of having an extremely strict Baptist (really, more Anabaptist) family is the unspoken threat of silent judgment, which maybe sounds paradoxical to any addiction professionals. Nobody would dare smoke in front of my preacher grandparents, for example, even if they're visiting one of our houses. An extended vacation with them, then, can be very beneficial long-term. We're planning on visiting them in Florida for a couple weeks in October and, as a result of knowing I can't show any vices outside caffeine addiction in front of them, I've already given up drinking outright (though I don't drink much these days, anyway) and've moved to a cigar a day from 15-20 cigarettes in an effort to quit smoking while wife has severely cut back and now goes outside to smoke.
629  Other / Politics & Society / Re: POLL: Would you be a Libertarian if it wasn't for the Internet? on: August 17, 2014, 12:56:58 AM
All part of economy that is not legalized by government is in hands of mafia bosses, if there is no government and police system, than everything will end up in hands of mafia bosses. That is natural mechanisms in society without legal authority.
I'm not so sure about that. There's not really a marijuana mafia, AFAIK. The government doesn't crack down on marijuana too hard, and there's more than a handful of young people willing to get into the business independently. It's quite different for drugs like cocaine, where governments respond extremely harshly, thus requiring a high level of organization and funding to stay alive and outside jail - and with stakes so high (because of the government), it's definitely going to encourage a very aggressive/deadly environment.

Prostitution has a similar situation, with a very "normal" rate of mortality compared to other jobs, though a high rate of violence where illegal. Though all we hear about are abusive pimps and gangs in news and movies, a recent study found only ~10% of underage prostitutes had a pimp. For adult prostitutes, this was 7% in Miami, though stats on this are hard to come by. Either way, there clearly isn't some pervasive hooker mafia/union.
630  Other / Meta / Re: Joshua Zipkin of AMT tried to hack BitcoinTalk on: August 17, 2014, 12:20:07 AM
Cheesy $5k? He's clearly joking. Nobody's that cheap.
631  Bitcoin / Bitcoin Discussion / Re: This is how I felt when I made a bitcoin payment (illustration) on: August 17, 2014, 12:11:52 AM
Stupid question: what is the mascot for Bitcoin?
Something non-tangible, I suppose, though honey badger has most animal mascot type use.
632  Other / Politics & Society / Re: Is it a bad decision to payoff mortgage early on: August 15, 2014, 09:50:48 PM
I'm sorry but that defies logic.

Doesn't matter how low your interest rate is, You're paying money in to a black hole if you owe interest on anything.  Paying it off as quick as he did he essentially recovered the entire cost of the house as he avoided just as much in interest(or more) than the principal on the house he bought.
All fiat money is debt. Annual inflation is effectively the annual interest rate the government charges you for holding it. Holding cash as an asset is, in reality, a liability. Just because there's no bill or receipt showing how much value your USD loses each month, that doesn't mean it's not happening.

If your mortgage is @ 3.5% annual and CPI increases 4%/yr, you are effectively making .5%/yr on your debt even though nominally, it looks like you're losing wealth (when in reality, you're gaining wealth and losing money). 4% annual inflation, though, is historically low, so it's clearly a fantastic time to buy since inflation rates always cycle and you can get a fixed-rate mortgage at 3.x% with good credit. What to buy is a bigger question... Idunno about houses.
633  Economy / Speculation / Re: Relationship between volume and volatility - you won't believe what I found on: August 15, 2014, 06:03:42 AM
I'd guess margin cascade is the simplest explanation, compounded by psychological impact of the cascade which encourages non-automated trades.

As an aside, it looks like:
Volume > volatility when BTC falls.
Volume < volatility when BTC rises.

Am I remembering the rise and fall time periods right?
634  Other / Politics & Society / Re: Internet infrastructure "needs updating or more blackouts will happen" on: August 15, 2014, 05:56:10 AM
"Some parts of America have already adopted the new address system but the UK is playing catch up. Sky, Virgin and BT have already issued some wifi boxes to their residential customers capable of using it, and Virgin is running both systems in parallel, but none of the companies has entirely made the switch."

Wow... so the big, clunky, expensive, dedicated routers in the UK are almost as technologically advanced as an end-of-life $2-used cell phone. Cheesy
635  Economy / Speculation / Re: This Bitfinex Credit Bubble cannot end well on: August 15, 2014, 04:51:03 AM
I believe they said in the past that they bought the code and based the platform on it, but that the actual code the platform is built on was written from scratch.

But that doesn't make any sense. Why would they pay for something they didn't use?

That was worded confusingly. Smiley What I've heard is that the code was bought from Bitcoinica, but that it was entirely rewritten. (e.g. buy the code as "inspiration" and build platform from scratch)

But this is all hearsay, anyway.
This is correct, though maybe it wasn't "entirely" rewritten. In the original instance of BFX, the Bitcoinica influence was very visible, even in the GUI. IIRC, BFX did actually purchase the code even though it was leaked soon after Bitcoinica collapsed. This allowed for a partial public audit as weaknesses in Bitcoinica could be tested in BFX, and there was at least one instance of a carried-over vulnerability (this is practically ancient history, though). They rapidly improved the code to the point where it's likely very close to a complete rewrite. I don't think it's fair to compare BFX to Bitcoinica anymore, at least as far as code goes.
636  Other / Meta / Re: What is the forum's policy on blatant software license abuse? on: August 15, 2014, 02:53:46 AM
It takes a special kind of asshole to take something alike open-source, then violate the alike provision presumably because they're worried someone will do exactly what they did.

Name&shame sounds like a good course of action. These companies are clearly untrustworthy and should have relevant accounts labeled as such. I don't think bans are really necessary or deletions favorable. I'd be worried about unintended consequences of a hard policy vs. a "decentralized" community response via the trust system. The more exposure the company has on the forum with an extremely negative trust rating, the better.
637  Economy / Speculation / Re: Should i cash out or not? on: August 15, 2014, 01:50:36 AM
If this community could accurately predict short-term price, we'd already be there. You're wasting your time asking.

You'd do better to flip a coin and at least have a unanimous decision on whether or not you should sell.
638  Bitcoin / Bitcoin Technical Support / Re: Bitcoin Core 0.9.2.1, 450 MB IN, 3 GB OUT, normal? on: August 15, 2014, 01:40:33 AM
It's likely uploading transaction queue and blockchain to multiple peers (8+) while you only receive one copy. Running a sync'd client is roughly like seeding a .torrent. You can force Core/QT specifically to reduce how much data it's sharing with an application-level throttling program like NetLimiter -- it functions fine throttled to ~3kb/s up, ~5kb/s down, keeping in mind you wouldn't be contributing anything significant to the network that way.
639  Other / Meta / Re: [ANN] The gmaxwell should not be a moderator project. on: August 15, 2014, 01:08:30 AM
Yeah... you were kinda being a giant dick to someone respected inside and outside this community. He asked a simple and legitimate (though kind of OT and perhaps with an agenda) question, you reply with a whole lotta vitriol.
640  Bitcoin / Bitcoin Discussion / Re: Wife is pregnant, how to incorporate bitcoin into the process? on: August 15, 2014, 12:07:56 AM
I can't believe some people here think giving someone 150 Bitcoin to name their baby after Satoshi is a good idea. 
Sounds like a fine idea. 80% of my daughter's name comes from a character out of a drug-influenced religious book (maybe that is redundant). The other letter comes from a space satellite mostly just to make the "majority link" much more difficult to determine (and to ensure it doesn't sound fairy-y). I was pushing hard to name it Moose if it came out a boy, but this was unpopular among family members...  Satoshi's a pretty damn difficult name to use a similar method for, though. It wouldn't work at all if he isn't Japanese, and anagrams all look terrible... Ihotass... Tish Osa [last name]? Ash Soti [last name]? Otis Ash....

Anyway, she certainly didn't get a 150BTC trust fund for it.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 [32] 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 ... 262 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!