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681  Bitcoin / Meetups / Southern Illinois/ StL Meet up on: April 05, 2013, 06:04:02 AM
Is there any interest in a Southern Illinois and St Louis Bitcoin meetup? We might not attact the names other regions do or the number of people, but I'd be interested in anyone else is down.
682  Economy / Goods / Re: 1OZ SILVER MAPLE LEAF / CHECK BEST PRICE IN OP on: April 05, 2013, 05:49:18 AM
Received my order today. Thumbs up! I'm invested in silver now, it feels good...

I'm also raffling it out (at least in part, we'll see how it goes): https://bitcointalk.org/index.php?topic=167060.0


Thank you for your business! Smiley We are glad to serve you the cheapest rounds.

The dollar formula is again updated, to accommodate the falling price of silver. Now you get about 4 Uncirculated 1oz Maple Leafs for 1 BTC.

O tempora, o mores!

I'm guessing you don't ship to the US and don't carry Philharmonics or Libertads in the larger sizes?
683  Bitcoin / Wallet software / Re: What is the best client? on: April 05, 2013, 05:34:34 AM
I am currently using MultiBit.  I want a change, and am considering Armory.  If there are any other good clients, please list their specifications here.  I appreciate any help/advice you can give!  I want one with a good GUI, advanced features, and can import/export private keys. 

Thanks!

Armory + Bitcoin-QT is the best if you can handle it.
684  Economy / Service Discussion / Re: BitBillions New on: April 05, 2013, 05:26:24 AM
One day you are going to wake up and wonder why you didn't look into this more when you had the chance. I really am surprised you people have bitcoins. So many people believe the whole bitcoin concept is a ponzi so I thought people that owned them would be smarter than that. Obviously I was wrong.
MORE personal attacks? As someone who doesn't follow this thread and only comes back once in a while to read a few of the latest comments:

You are not making bitbillions look good at all. And you wonder why no one here wants to invest?


Seems you go by this philosophy:
1. Make a presentation in unprofessional-style post with an overly excited to the extent of crazed looking avatar.
2. If people question you, instead of making well thought out and convincing posts, insult them.
3. Tell everyone who doesn't appear interested that they are morons and will regret it.

Don't forget the violence he implied might be headed my direction in post #79 in this thread.

To aussie_striker:
 
Post a PGP fingerprint to this thread and I will PM you, encrypted,
what bar I will be in on any given Friday night. I can promise that
I will not need to return any violence you send my way.
I'll decline to take responsibility for what the local yokels and the
5-0 do in response while I'm headed out to the hospital as you
promise. (So long as the fingerprint resolves to a valid email address
I will let you know exactly where you can kick my ass on a Friday of
your choosing).
 
Alternately I can buy you in to a couple more shares of this scheme if
you promise you'll at least take me to a Cardinals game before you
fuck me. It'll be a blast. The way Kozma and the Federalist knock off
foul balls there is a really good chance you'll come away with a
souvenir.  I would vastly prefer a game when Wainwright , Miller, or
Garcia is starting over one were Lynn or Westbrook is starting. We can
have a gay old time watching Carlos Beltran making the smoothest
catches ever to happen in right  field, and Yadie continuing to be one
 of the best players in the history of the game. (Note: it would take
a number of PGP signed statements to get me to agree to this outcome,
but if you come through I've got coin)
 
Regards
685  Economy / Scam Accusations / Re: instawallet has fallen new owner stealing on: April 05, 2013, 02:21:09 AM
I suspect, from the bottom of my sleeve, that there are maybe 100,000 addresses with any balance whatsoever, and of these, 10,000 hold a balance greater than BTC1. A few lucky guys maybe holding BTC100.

So the amount of data is reasonable, and they are well positioned to return all bitcoins to their rightful owners, and everything is proceeding as planned.

The 90 day account freeze is a must, because some owners may not access their wallet every week. Further, I believe they will have a claims department open ever after for anyone who wakes up late but remembers his URL. In my opinion, Instawallet team may recover their reasonable costs from the amount returned, if a claim is late for more than 1 year.

The general history of bitcoin "businesses" and "services" suggests their is a precedent for this services users to express some skepticism that the claims process will be executed smoothly to its completion. Another precedent suggests there is a sufficiently large number of bitcoin users who simply don't care to know better that might have chosen to use installation as a long term storage solution for more than small amounts of coins.

Quote
The positive side is, your bitcoin wealth is frozen at the exact time you might be most tempted to sell it, and you should thank the "hacker" for this Wink

This all depends on how a person would be tempted to sell it and in what portion. Bitcoin has incredible supply inflexibility that could keep this rally going to the moon, but this week's rise has me concerned enough I've bought myself into a healthy precious metals position (a mix of silver and rhodium) as a hedge. If we are back to $20 or even $85 in a month my hedge would have been untenable, because I've elected not to use an online wallet I had the decision making power to do this. Even if we are pushing four digit USD/BTC prices I'd be sore that the power to make this decisions was not allowed to me by these nebulous things known as "circumstances."
686  Economy / Gambling / Re: BitcoinSports.eu - Bitcoin Sportsbook - Best Odds - MLB Dime Lines - Parlays! on: April 04, 2013, 09:04:22 AM
I have personally verified that neither instawallet.org nor bips.me works with your site.

I just use the site but feel obligated to comment on your wallet choices. Instawallet is not working now, will probably never work again, and if you still have any coin there try to follow the claims process and I hope you can recover something. I don't know much about bips.me, but it probably needs handled with a healthy bit of caution as well.

Blockchain.info is a bit different as it is something of a hybrid wallet and you can back up your keys in case the site should die eventually. It seems like the safest web wallet option.

Gamble on the games, not where you store your money. Friends don't let friends choose poor web wallets.
687  Bitcoin / Development & Technical Discussion / Re: To Fee or not to Fee on: April 04, 2013, 05:27:14 AM
So to me the question: How do I predict the cost of getting my transaction into the next few blocks?
Is really: How do I predict the cost of getting a byte into the next few blocks?

My half-baked thinking on this is to:
1. Look at the last 144 blocks (24 hours)
2. Filter away gratis transactions
3. Filter away the bottom 25% and top 25% transactions that include a fee (measured in fee-pr-byte)
4. Calculate f1 = my-transaction-size-in-bytes * <the average fee pr byte in the remaining transactions>
5. Calculate f2 = the fee using traditional fee mechanisms for my transaction (0.0005 pr 1000 bytes)
6. Final fee =  max(f1,f2)

(Obviously step 4 and 5 will have to iterate until a fix point is reached as the size of the transaction may be affected by the fee size.)
Step 6 is there to avoid situations where f1 < f2, and miners still use the classic fee rules

On top of this the user could configure his wallet to be:
Economic: f1 = f1 * 1/2 (get confirmed when there is room)
Normal: f1 unmodified (get confirmed at a 'normal' rate)
Priority: f1 = f1 * 2 (get confirmed quickly)

This way end users have some control over their fees/confirmation-times without having an extended math degree, plus we get a fee market going.

What do you think?

This sounds like a fairly reasonable setting for your client, whether you set is as the default or make it an option. As long as not every client bids for space in this same manner it shouldn't be tempting enough for miners to try to game it.

For your app, make the default fee 0.0005 but in the advanced options, users can set the fee to 0.0001 if they want to. Then just put a notice that fees other than the default are NOT guaranteed to be included in the next block.

I like the idea of being able to set a default fee too, but for the other reason. I like bidding a bit above market to make sure my transactions are confirmed fast.
688  Economy / Exchanges / Re: Any open source bitcoin/currency exchange software? on: April 03, 2013, 09:02:13 AM
I think the intersango code is opensourced?

I also started a data model for an exchange, but especially in the eurozone, I see a lot of legal issues with an exchange,  Angry

Thanks for the pointer! Indeed there seems to be something here: http://gitorious.org/intersango/intersango Though the last commits are from September 2011. (I though Intersango is defunct? There doesn't seem to be any way to actually get into the site.)

Can you elaborate on some the legal issues? From what I've read, the eurozone/SEPA area seems like a heaven compared to the regulations that US exchanges are facing.


I wouldn't touch that code... It has a history of losing people money...
689  Bitcoin / Bitcoin Discussion / Re: Best/Most Creative Cold Storage Method on: April 03, 2013, 08:42:50 AM
I didn't get to post this earlier, but another creative idea (which is extreme) is to.

1. print and laminate or engrave on metal or hard plastic.
2. pour melted wax around.
3. put in bigger wooden or plastic box.
4. pour cement around.

You get a block of cement when it's dry. You will have to break open the cement but since there is a box, the contents of the box is protected. The wax is also additional protection for the object which actually holds the private key for your bitcoins.

The problem with fingerprints is that it has to consistently give the same output. Fingerprint scanners work by comparing your scan of right now, with something it stored previously, and checking to see how much of before and now is the same. It can't give the exact same output all the time, because of finger orientation, so I don't know how a hash of your fingerprint would be secure.

Also if you wound your finger with a blade cut or something, or it grows a pimple, then the scan would fail.

Concrete might actually not be the best material for this because it can be rather corrosive, especially while it is curing...
690  Economy / Currency exchange / Re: BTCPak - Exchange your Bitcoins for MP [$100, $250, $500 and $1000 MPs] on: April 02, 2013, 06:36:01 PM
Out of stock or did the price run up against another sanity check?
691  Economy / Service Discussion / Re: Instawallet/Bitcoin-Central Security Breach on: April 02, 2013, 05:48:10 PM

Chrome is the ultimate spyware

And I love it for that.

I can google for a new movie on my desktop, then completely forget about it and weeks later my phone will automagically remind me that "hey that movie you googled a while ago is now running in that theater near you".
Without me doing anything.

Or I look up a restaurant at lunchtime and later at dinnertime i'm in the area and my phone goes "dude that steak restaurant you looked up is like 20 minutes away thought you should know duder".
Without me doing anything.

Or when it's like half an hour before I usually leave work to go home and my phone going "Yeah, here's the thing. You know how you drive at x pm and take that route usually? That's gonna bite you in the ass today. I mean, just look at that traffic jam. Look at this shit. You'd better drive this way. Just saying".

Without me doing anything.

It's perfect and exactly what my phone should do.

The lesson here is not: Google is evil.

The lesson is: Security through Obscurity does never ever work.

So true.
692  Economy / Service Discussion / Re: Instawallet/Bitcoin-Central Security Breach on: April 02, 2013, 11:35:02 AM
So do we think it is only affecting chrome users or is this just speculation?

Aside from that there is no news is there?

Speculation, but justified.

Chrome is the ultimate spyware
693  Economy / Securities / Re: Largest Bitcoin loss to date. on: April 02, 2013, 11:33:23 AM
Congrats to the MPEx team for providing such an incredible level of liquidity in the options market.  The MPOE bot provides such an important service to the bitcoin finance community.  I'm happy to see that despite the steep losses this month, all contracts were honored without even the whiff of a 'glitch', 'hiccup', or 'hack'.

Sure, take a seat near the carriage.

Amazing how Mircea managed to keep the traders whole on thier options without resorting to "insurance"
694  Economy / Securities / Re: [LTC-GLOBAL] - ART - building a open art studio [week 08] on: April 02, 2013, 11:29:14 AM
Kiln has arrived. My goal now is to get it set up as fast as possible. First, I have to get the room ready. Waiting for the landlord to get her ass in gear etc. and then it's electricians turn.
Do not worry, I am not sitting around and picking my nose Smiley I am constantly looking for potential clients, etc.

For people who might be interested in renting kiln time with cryptocoins, where roughly might this studio be located?

Promoting litecoin and bitcoin as a value transfer system is on my list.

It's interesting. I asked for a location and received a platitude.
695  Economy / Gambling / Re: 80 BTC bet between Micon and mrb (are BFL ASICs real?) on: April 02, 2013, 07:39:44 AM
with this thread:  https://bitcointalk.org/index.php?topic=163261.0

there is much renewed hope for BFL supporters.

If anyone wants some 1:1 action on April shipping / 350 Mh/J+ and 5+ confirmed members rec'd I will bet up to 250 btc against that

This thread is awfully cluttered, so you might as well let me know on here that you accepted my surrender in the March Madness Bracket.
696  Economy / Gambling / Re: BlockBet.net - BTC Sportsbook - No account needed, bets up to 10 BTC accepted on: April 02, 2013, 06:39:48 AM
saw the    btc  thread   over 500 boners  by  dec 31 2013     +500,   any plans to put up bitcoin futures. thanks 4 readin mr block

MPEX or Coinbr are where the futures are
697  Bitcoin / Hardware / Re: Cryptographic Coprocessor on: April 01, 2013, 10:05:19 AM
Hate to be the guy that just keeps coming back but what about something like the nShield solo?

http://www.thales-esecurity.com/products-and-services/products-and-services/hardware-security-modules/general-purpose-hsms/nshield-solo

All of these cards are designed to speed up a variety of cryptographic operations instead of raw SHA-256 hashes like bitcoin demands. These products are all kind of like Swiss Army knives in that they do a lot of things, but don't do any of them especially well. Many of these tasks they will handle better than general purpose hardware, but usually when they get used it is because guidelines require them as opposed to when performance demands them.
698  Economy / Gambling / Re: 1 bitcoin buy-in March Madness Brackets, I hold the coins 100% payout on: March 31, 2013, 09:07:10 PM
Well this was an interesting sweat. Congratulations on the relative success of you bracket as it is time for me to concede this bet. At least with these upsets this year the sports books have given me the chance to make back the buy in.
699  Other / Beginners & Help / Re: How the hell does bitcoin-otc work? on: March 29, 2013, 09:35:59 PM
The web of trust is more useful than the IRC conversation that happens in OTC. Being to auth people before you trade with them is about as solid as you can get in identity verification.

I agree, the WOT is a wonderful idea.

Nevertheless, the proof is in the pudding. As I said, I have found that I can trade between BTC and USD faster, more safely, more profitably, and more reliably at mtgox, campbx, or bitfloor than OTC. YMMV.

Estos cabrones se creen que la montan y cuando Los boricuas les damos shut down, se meten la lengua en el culo. Dile ahi puņeta que solo los Nerds usan IRC y que es mas sofisticado usar CampBx coņo.

Carolina en la casa! Luis Lloren Torres! Minando bitcoins con luz gratis gracias a Carmen Yulin!

Well, the Bitcoin client uses IRC to bootstrap...

The web of trust is more useful than the IRC conversation that happens in OTC. Being to auth people before you trade with them is about as solid as you can get in identity verification.

I agree, the WOT is a wonderful idea.

Nevertheless, the proof is in the pudding. As I said, I have found that I can trade between BTC and USD faster, more safely, more profitably, and more reliably at mtgox, campbx, or bitfloor than OTC. YMMV.

Normally true, but sometime you might want to trade for something other than USD. The exchanges might also be having a day like today where they trouble reasonably accessing them exists. I only recently got on OTC, but it is nice having Gribble there to check identities.
700  Other / Beginners & Help / Re: Bitcoin named denominations on: March 29, 2013, 07:21:08 PM
I've been wondering why it's named Bitcoin if every sci-fi movie I grew up on always called future money Credits.

Because we are conducting trade with the asset rather than debt, also known as credit.
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