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6261  Economy / Marketplace / Re: BiddingPond.com discussion on: October 06, 2010, 03:44:33 PM

Regarding account payments:
Once you get a balance of -500BTC the account will be put on hold from further listings until payment is received.

The account will be put on hold from listing items, but not buying? The site thinks I owe 1000+, but I can still bid. Freezing immediately after wining a big auction seems like a bad way to do it because even if I pay instantly after winning the seller might not confirm for days or weeks. Maybe you could let the seller flag a slow/no payment?

I suppose this is fixed by paying through biddingpond.

The no multiple account rule is pretty weak. Scammers/trolls will just ignore anyway. And some people might have legitimate reasons for keeping their histories separate. There is no way at all for you to tell if I just made a second account or if it was my brother so any enforcement whatsoever is going to piss people off.

I think it would be reasonable to forget the -500 rule and wait and see if nonpayment becomes an issue. If it does you could require partial or full deposit in order to place bids. Since there is low incentive for people to win and not pay (since they won't get anything) a very small token amount that is forfeit if payment is not received should be plenty deterrent.

Just trying to help, keep up the great development!
6262  Other / Off-topic / Re: Use bitcoins to stop spam email on: October 06, 2010, 07:53:19 AM
Of course that's then like a spider web. If I have email communication with 50 friends, family, and business associates, they all have to use it. Then all 50 of their partners must as well, etc etc etc. Until a short while later, everyone has to be using it. In this lifetime my grandma will not be using bitcoin.

I like a slightly different version. Payment is required, but there is a "legitimate" button that returns the micro payment. If you really want to block an address you can, but you can also simply ignore spam and make money.

The same thing could work for phone calls. You could use it to drop hints too. If my mother calls too much I just don't press the "legit" button and maybe she figures it out.
6263  Economy / Trading Discussion / Re: Taxation on: October 05, 2010, 07:43:54 AM


But I know of no equivalence between Bitcoins and FRNs. They belong to two unrelated accounting systems. As long as no one says anything blatantly stupid, such as "Rate of BTC to USD = $0.25", the Bitcoin will be useless in determining your tax rate.



Which is the important part? That you remain ignorant of a conversion rate or that no single person in the world utters it? And what if 14 people say 13 different rates?
6264  Economy / Trading Discussion / Re: Bitcoin vs gold ? on: October 04, 2010, 10:38:28 PM
Agree 100%.

We need to use this advantage rigorously. The more we slow down the more likely someone will overtake us.

The first mover advantage is not like getting an 18 month head start, it's way more than that. If someone is interested in doing something similar they're very likely to join than to restart the project. And even if a few do start over unless theirs is way different newcomers will prefer to join our established infrastructure.

If someone comes up with something totally better, that a different story.

Companies like those mentioned can get first mover advantages and lose only later once they get oversized and bogged down. I don't see how that can happen here. As more people adopt bitcoin it just gets better.

This is not meant to mean "Go slow no worries" There are lots of reasons to develop quickly, including personal gain. I think the world really needs something like this to flee to or else life is going to suck big time. Trade makes awesome shit possible. And at this point on of those awesome things is life imo.
6265  Bitcoin / Project Development / Re: BitcoinMedia - promotion ideas and content production. on: October 04, 2010, 09:19:43 AM
Very nice imo.

Steph is the man.
6266  Economy / Marketplace / Re: Buying bitcoins with LR on: October 04, 2010, 07:47:40 AM
Lol, monthly fees? really? sounds scammy if that is the case.
6267  Bitcoin / Bitcoin Discussion / Re: Want to generate the next 2080 blocks all by yourself? on: October 04, 2010, 07:43:27 AM
From a purely self interested standpoint what is the optimal rate at which to increase power to maximize coins earned? Max it and hold it there or ramp it up? Can we purchase any amount that we want or only exactly 128 GPUs?
6268  Bitcoin / Development & Technical Discussion / Re: [PATCH] increase block size limit on: October 04, 2010, 07:39:35 AM
We can phase in a change later if we get closer to needing it.

IMO it's a marketing thing.  It's tough to get people to buy into a system, if the network is technically incapable of supporting high transaction rates.

Satoshi just said it can be changed, so technically the network is capable.
6269  Bitcoin / Bitcoin Discussion / Re: Want to generate the next 2080 blocks all by yourself? on: October 04, 2010, 04:36:36 AM
I might be in for as much as $100. Do we want to do this if we might have to stop (for lack of funds or whatever)? I don't want blocks to take an hour for the next 5 months...

Also is it even efficient to raise it a bunch and make it that much harder for ourselves at the same cost during the next period? Just thinking aloud here.
6270  Bitcoin / Bitcoin Discussion / Re: How to overthrow the GPU Oligarchs on: October 04, 2010, 01:27:24 AM
Quote

It's certainly a big deal to steal other's resources to generate bitcoins.


Look, it's still true without the bitcoin part.
6271  Bitcoin / Bitcoin Discussion / Re: Whats going on? Bitcoin transaction volume reaches record 400,000 BTC / 24h on: October 03, 2010, 10:22:39 PM
that can mean a couple of things:

* someone or many people are just sending / receiving a lot of BTC

* folks are sending them to mtgox and selling (evidence is that price dropped significantly the last 48 hours)
http://mtgox.com/trade/history




You mean that would be evidence if it had happened?
6272  Bitcoin / Development & Technical Discussion / Re: Version 0.3.13 on: October 03, 2010, 04:15:09 AM
Dwdollar lost some BTC with Bitcoin Market because someone either maliciously or accidentally sent him "unconfirmable" transactions, and he hadn't upgraded. Maybe now would be a good time to test the alert feature.

If they didn't confirm why would he clear them to go into the account? Is he counting blocks instead of confirmations? That seems odd.
6273  Bitcoin / Project Development / Re: Letter to the EFF on: October 03, 2010, 12:44:59 AM

Well it's kinda impossible at this point. I already hand them the mybitcoin account.

Ah. I was under the impression that we still would have access to the bitcoins (because, other people mentioned to donate them to some other organisation).

None of the coins in the account were ever mine so I don't really have standing here.

But I think you could interpret the interaction thus far as you holding your hand out offering a bag full of coins for 3 weeks and not even getting a nod. You are not stealing if you pull back the bag. They had the ability to take them for a long time and didn't do it.
6274  Bitcoin / Bitcoin Discussion / Re: Free Market Currency on: October 02, 2010, 08:02:36 AM
Does Bitcoin have potential to establish use as a free market currency?

It already has, right? The market is fairly liquid for small amounts, and worth 260K USD, which is impressive for a recent "start up" currency IMO.

But is your question more along the lines of it becoming big enough to compare to the market for dollars or euros?

I'd guess that it never trades on major exchanges vs national currencies, well not for long anyway. It's just so much better that once it has comparable adoption it will end fiat completely. Wide adoption is the only problem with bitcoin imo, and that is temporary and will eventually benefit from positive feedback.
6275  Bitcoin / Bitcoin Discussion / Re: How to overthrow the GPU Oligarchs on: October 02, 2010, 06:03:18 AM
Can you tell more about this:
"they have to do weird things with extraNonce, which increases the size of the block header".

Usually you can start the nonce at 0 because they block you are working on is made unique by the inclusion of your unique address in the generate transaction. If a group of people all send generates to the same address you need another number included to make sure that the members are not repeating work.

I have no idea how important that fact is, it doesn't seem like too big of a deal to me, but theymos can elaborate.
6276  Economy / Marketplace / Re: We accept Bitcoins on: October 02, 2010, 05:59:19 AM
Hmm.. Is is safe to assume that the Bitcoin trade page will not list adult sites?  Huh


Why wouldn't it? I don't suspect the admins have a puritanical agenda.

Unless the trade page is an endorsement, which I do think it is. Maybe it should explicitly say no endorsement, only verification of bitcoin usage.
6277  Economy / Marketplace / Re: bitcoin***(NSFW) on: October 02, 2010, 05:57:03 AM
You could have titled this thread "bitcoinxxx". Tongue "xxx" isn't a swear word.

Categorization? No, it is all amateur videos.

Rating? Maybe.

Comments? No.


Armatures do do various things... it might be nice to get a heads up. You don't even have to do it yourself, just give the option for paying customers to add tags.
6278  Bitcoin / Project Development / Re: Letter to the EFF on: October 01, 2010, 09:02:45 PM
.
I'd say they rejected the donation. (Probably because they are busy eating and drinking with politicians.)

I am going to go with the optimistic hypothesis that they got bigger fish to fry than try to exchange bitcoins for paypal dollars.

With the famousness that they have with geeks, it wouldn't be surprising that they simply forgot our email.

Even if no money was attached it is pretty lame for a company claiming to be fighting for freedom to not be interested in a money that can be used freely.
6279  Economy / Economics / Re: Stable Exchange Rate? on: October 01, 2010, 08:33:49 PM
Is there some way of manipulating that does not reduce to paying more than you need to to buy bitcoins or getting less than you could for selling them? Those two sound like gifts to me.
6280  Economy / Economics / Re: Stable Exchange Rate? on: October 01, 2010, 06:36:51 PM
agree that it won't last forever.

We will get a breakout soon. IMO it will be on the upside. But clearly, downside is also possible.
if we could trade options, a strangle would work brilliantly in this point, because volatility is so low.

Volatility is only low because volume is low.  Volatility will go through the roof the instant we get any amount of volume.


Volume used to be lower and volatility was higher, this is what I would expect. Why do you think the opposite? Something to do with bitcoin in particular?
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