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641  Economy / Scam Accusations / Re: Mybitcoin is a scam! on: July 31, 2011, 04:37:20 AM
Although I can't speak for everyone, I'd believe the majority are not in possession of a VPS or the knowhow. Perhaps you could post a tutorial for newbies?

Ahhh, now I see what the problem is.

When I have more time I can write up a full tutorial, but for now I can give you two pointers:

The easy way: https://en.bitcoin.it/wiki/Lazy_API
Not terribly secure, but still miles ahead of using a third party escrow service.

The proper way: sign up for Amazon EC2 and use their free tier service. There are plenty of good tutorials online on how to do this, but it's a little involved.
You'll end up with a fully pre-configured linux system. Next just download the official client and then apply the startup script from http://forum.bitcoin.org/?topic=965.0 and you're done.
642  Other / Off-topic / Re: best headline ever on: July 31, 2011, 03:26:21 AM
I'll see you and raise you a even better one: Goldman Sachs rates desk hemorrhages traders.

http://www.chicagotribune.com/business/sns-rt-us-goldmansachs-rattre76s2w0-20110729,0,5887936.story

I just recently diversified a third of my wealth to bitcoins, a third to silver, and the last third to desk hemorrhages. 
643  Economy / Marketplace / Re: 8x Used Sapphire Radeon HD 6990's available through amazon...$759 each on: July 30, 2011, 11:41:37 PM
Personally I would stay away from used mining cards. There's no telling what kind of thermal stress they've already suffered.
644  Economy / Scam Accusations / Re: Mybitcoin is a scam! on: July 30, 2011, 11:38:30 PM
Anybody any idea if this is a more reliable replacement?

http://www.bitcoinpayflow.com/

If you don't mind me asking, what's so unsatisfactory about the official client that you have to use a third party alternative?

I deposit my dollars at the bank because I have no choice. At least there's deposit insurance at the bank.

I would never let a third party hold my bitcoins, because:
1. There's no deposit insurance
2. There's no fraud protection
3. There's no accountability
4. There's no regulation
5. It's trivial to setup a "bitcoin bank", run it for a few weeks, and then run away with all the deposits. No paper work at all, just a few hundred lines of HTML and python. Don't even have to pay for any server and bandwidth (Amazon offers free small cloud instances).
645  Bitcoin / Bitcoin Discussion / Re: mybitcoin down or just me? on: July 30, 2011, 11:22:20 PM
Lets track him down then, it shouldn't be that impossible.
If anyone wanna buy me a flight ticket to Nevis. I'd be glad to help Smiley

05:08:43 < jine>  Administrative Contact:
05:08:43 < jine>     Williams, Tom  abuse@mybitcoin.com
05:08:43 < jine>     Main Street
05:08:43 < jine>     PO Box 556
05:08:43 < jine>     Charlestown, Nevis
05:08:43 < jine>     KN
05:08:43 < jine>     +6499518329

That seems like a dead end to me. It's just a PO Box. There are thousands of "Tom Williams" in the world, not to mention it's most likely a pseudonym since that's acceptable in a Nevis LLC.
646  Other / Politics & Society / Re: The $1 Billion Armageddon Trade on: July 30, 2011, 11:00:51 PM
America may have won the war of Independence but were quickly invaded again by stealth via the Fed money system that has its roots in the UK banking system. As a result, the US is simply a 'corporation' of the UK and most Americans dont even realise it. Quite ingenious really.

What is the alternative though?  Yes, the spending has gotten out of hand but if you're really going to attack the root of the system, there needs to be a viable alternative.  Can you name a single successful economy that doesn't use fractional reserve banking?

The problem is not fractional reserve. Fractional reserve is fine. The problem is central banking. You dont need to have a money monopolly regulated by a central bank, people can freely choose the money they want.


While I agree with your sentiments, I don't think this model can apply to US unless a constitutional amendment is passed.
Quote from: United States Constitution Art. I Sec. 8 Cl. 5
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
Only Congress has the power to regulate the money supply, and Congress so far has only issued one type of currency: the USD. So the people is faced with a Hobson's choice. (Technically the American Gold Eagle is also legal tender but the $5 coin is actually worth $150...)

I fully support the idea of private currency though. The first time I used an ATM in Hong Kong 4 different shades of plastic bills popped out. I thought I was scammed with monopoly money at first. As it turns out each bank issue their own set of notes. All the private banks work together to regulate the HongKong dollar. Now that's free market at work. Since none of the locals carry around counterfeit bill detectors I assume they have no problem identifying and trusting 20+ different types of bills. None of the HK banks got a bail out either.
647  Other / Politics & Society / Re: You Choose... on: July 29, 2011, 10:07:04 PM
Interesting how the Department of Education needs 20 billion dollars in a month when they run a grand total of 0 schools.

uh huh.  would you propose that they just walk away during the summer?  give them over to bums and insects?  not use the buildings to generate income during those summer months (which they do)?  not develop curricula?

do you have any idea what you're talking about?

they never stop 'running' schools.  not for one day.  sometimes they don't have their mainline students in them, that's all.

never taught anything, have you?

It's not just the summer. The Federal Department of Education operate 0 school at all times. They own 0 school buildings, and serve 0 students. Education is state and city responsibility. I pay my fair share of taxes to support my local schools. I also understand that the share of my federal tax that goes to the Federal Department of Education do not support any of my local schools.
648  Economy / Economics / Re: U.S. Dollar Plummets as Bernanke Suggests Further Easing on: July 29, 2011, 09:55:18 PM
You hire people who work in the field and have experience. That's the problem with these positions: you basically have to hire the fox to watch the chicken coup, because the fox is the only one who knows what its weaknesses are.

Actually hiring the fox will just make things worst. You're feeding and protecting the fox that will kill your chickens at night, and he'll invite all his fox buddies for the kill.
649  Other / Politics & Society / Re: You Choose... on: July 29, 2011, 04:01:38 AM
Interesting how the Department of Education needs 20 billion dollars in a month when they run a grand total of 0 schools.
650  Economy / Trading Discussion / Re: [POLL] Will you reverse your Dwolla transactions? on: July 28, 2011, 06:10:00 PM
I'm actually fairly shocked at the poll results after I voted, given the type of people I've seen posting here in the past...

I'm quite surprised too, was expecting higher percentages voting yes. After all, there are no rules on Dwolla (in fact no TOS I could find) that says users cannot change their mind and ask their bank to reverse a transaction. Any rational person looking towards their best interest would then conduct as many such transactions as they can. Wink


The convenience store down the street does not prohibit counterfeit bills in their TOS. In fact, they do not even have a TOS. Does that mean I can pay them with fake bills?

Making false statements with a fraudulent intent is a criminal act and will be prosecuted in criminal courts. TOS is a contract and any dispute will be settled in civil courts. Don't confuse the two.
651  Other / Off-topic / Re: NSA : Guide to the Secure Configuration of Red Hat Enterprise Linux 5 on: July 28, 2011, 05:47:48 AM
Too bad all the pages about backdoor installation has been redacted  Grin
652  Economy / Economics / Re: Anyone tracking "real" BTC transactions? Is it even possible? on: July 28, 2011, 05:05:53 AM
Solo miner -> Restaurant -> Exchange

Solo miner -> Solo miner's other address -> Exchange

Only one of these transactions is "real", but how can you tell them apart?

AFAIK there is no way unless all the "real" merchants are forced to register with a global merchant database. Since there's no benefit for the merchant to register, I don't see why any businesses would sign up unless draconian anti-money laundering laws forced them to.
653  Economy / Trading Discussion / Re: [POLL] Will you reverse your Dwolla transactions? on: July 28, 2011, 01:26:01 AM
There's nothing fundamentally different about this from any other form of fraud. You make fraudulent statement, and then profit from it.

Frankly I found this question insulting. It's like going up to a random stranger on the street and asking them "Will you steal cars?".
654  Bitcoin / Bitcoin Discussion / Re: Ron Paul's Presidential Campaign Does Not Accept Bitcoins on: July 26, 2011, 10:36:32 PM
Quote
Remember to include your occupation and employer if your donation or aggregate donation(s) totals more than $200 per FEC rules.

Interestingly enough, if I donate more than $200 in USD Big Brother gets another little tidbit of information on me, but if I sent $200 in BTC and proxy it through Tradehill it's anonymous.

Cool.
655  Economy / Economics / Re: so.... what country ISNT in debt? on: July 26, 2011, 05:55:11 PM
http://en.wikipedia.org/wiki/Net_international_investment_position

The difference between a country's external financial assets and its liabilities (also referred to as external debt) is the net international investment position (NIIP).[1] Both public and private held external assets and liabilities by legal residents of the respective country are hereby taken into account. [2]

A country's international investment position (IIP) is a financial statement setting out the value and composition of that country's external financial assets and liabilities.

International Investment Position = domestically owned foreign assets - foreign owned domestic assets.

[list follows]

Country != nation.

I'm not responsible for the foreign debts of random strangers on the street, just as foreign powers cannot take my assets to cover the debts of my country. [/list]
656  Bitcoin / Mining / Re: for people who started mining recently, have you paid off your machines? on: July 18, 2011, 01:33:01 PM
not another of these posts again...

FYI, some people did not buy rigs especially. Me for example, I do have a longer history in GPGPU computing(doings maths on a GPU, aka mining for other purposes ...). So yes, after subtracting a total of $0.0/kW/h, and after subtracting my investment cost of $0(yes I even got the Hardware for free) Bitcoin would be pure profit if I just did it for that reason.

for people who started mining recently
, have you paid off your machines?
657  Other / CPU/GPU Bitcoin mining hardware / Re: Cablesaurus Chassis Model A1 on: July 09, 2011, 10:11:48 PM
Quote
Well, that 'chassis' is a 'test bench' and would therefore fall under "special use only" =P

Nothing on those 3 websites indicate it's a 'test bench' or it's for "special use only".
658  Other / CPU/GPU Bitcoin mining hardware / Re: Cablesaurus Chassis Model A1 on: July 08, 2011, 09:39:56 PM

- Does anybody know whether the Chassis Model A1 'case' is custom build by Cablesaurus?
- If not, does anybody know where I can buy this in Europe?
- If it is, are there alternatives (open case with a place to 'hang' GPU's) available in Europe?

it is not legal to operate such a cahsses in europe thanks to emission regulations (CE). Sucks. Open boards are "special use only" (like installation / dbut help), not allowed for use in regular operations.

Here are 3 different UK retailers selling an open case:
http://www.scan.co.uk/products/antec-skeleton-performance-chassis-%28worlds-first-open-air-enclosures%29
http://www.amazon.co.uk/Antec-Skeleton/dp/B001G17P8W/ref=sr_1_1?s=computers&ie=UTF8&qid=1310160484&sr=1-1
http://www.oyyy.co.uk/product.php/75960

The onus is now on you to provide evidence to backup your statement.
659  Other / CPU/GPU Bitcoin mining hardware / Re: Best mobo for Ubuntu? on: July 08, 2011, 09:32:45 PM
I have two machines running:

Ubuntu 11.04
MSI 890FXA-GD70
AMD Sempron 140
4 x HD5830 Mixed brands 

The installation was smooth with no special tricks needed.

Also the 4 GPU per machine limitation on Windows is now gone with the latest drivers. So you're not really losing anything by switching to Windows.
660  Bitcoin / Mining / Re: You are threatening Bitcoin’s security on: July 07, 2011, 11:58:47 PM
Move to other pools. Stop mining on deepbit.

Here’s what someone with 50% of the network’s hashrate could do.


So you are saying Tycho is an attacker? Seriously?

What if law enformenet confiscated Tycho's servers with the intent of controlling and corrupting the hash chain?
What if a blackhat compromised Tycho's server?
What if a criminal coerced Tycho at gun point?

Any economy has a weak point, but let's not make Bitcoin's weak point a single person. If I were that person, I wouldn't be able to sleep at night knowing the risks.
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