Agreed... People can be so rotten some times. Just have to do your best to get over it, or get back at them.
Or purge them off the face of the earth...
Let's start funding the assassin? I'll pledge 1BTC  |
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At this point if Bitcoinica requires verification's to trade and withdraw funds I'll be pulling everything out of Bitcoinica and wait for Mt. Gox's solution or another service. My two cents... spend them wisely.  Ouch, aren't you the guy with 300k+ BTC volume a month? How much of that is on Bitcoinica? That might actually put a decent dent in their profits... Regardless of my actions it won't change how they move forward, I'm just commenting on what my intentions are when they do. I know, but I'm just interested Of course, if you prefer to keep that data private, that's understandable But I figured since you already mentioned you have 300k+ BTC volume months, you wouldn't mind such a question. Just to find out if Bitcoinica is losing a big part of their volume by losing you. |
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How many underage users do you think there are? How much money do you think they have?
Right, not many and not much.
Let's find out. Please vote. Trading is not allowed for underage users?  In many places, people under 18 cannot sign contracts. They can open bank or investment accounts with their guardian's permission. I don't know Bitcoinica's policy on this but if a Bitcoinica user needs verification of a mailing address using a bank statement or utility bill and the minor's guardians object to them having a bank account, then it would be difficult for a minor to have a Bitconica account. MtGox won't even allow bank statements for verification purposes. Also, MtGox Terms of Service state: By opening an account to use the Platform ("Account") Members represent and warrant:
1. they have accepted these Terms; and
2. they are at least 18 years of age and have the full capacity to accept these Terms and enter into a transaction resulting
on the Platform That poll is flawed for this purpose though. The question would have to be directed at traders at Bitcoinica, and not bitcoin users in general to find out how much of an effect a ban on underage traders might be. The poll also doesn't take into account how much money those users are actually trading. Underage users are probably trading for a lot less money than adults are. Then again, it's an interesting poll for other purposes and interesting |
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The forecast we issued today and yesterday to subscribers is fully on track.
There wasn't a private forecast today for subscribers, correct? |
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At this point if Bitcoinica requires verification's to trade and withdraw funds I'll be pulling everything out of Bitcoinica and wait for Mt. Gox's solution or another service. My two cents... spend them wisely. Ouch, aren't you the guy with 300k+ BTC volume a month? How much of that is on Bitcoinica? That might actually put a decent dent in their profits... |
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Mushoz: if you deem it acceptable that they change their ToS, and they declare to change them even further (no deadlines, no indications yet) as long as they don't steal your money, then you have very very low expectations as a customer. "You are free to just not use the service" yeah, I take all the time wasted in it with me though. I'm on my second account now, expecting to take all my coins off it soon in light of the changes. I guess you are a very good consumer for whatever services you have contracted, just happy to have ANY ToS change as long as they don't steal money from you directly. You can always stop using the service, huh? http://youtu.be/qd8hy032uLcI can't force a company to go a certain way I want the company to go. If a change in their ToS doesn't negatively affect me beyond me not willing to use their service anymore, I can live with that. Then they've just lost a customer, and I'll go looking for a company does offer what I want. You have to remember I don't _want_ them to change the ToS to one I don't like, but I can't _demand_ them not to. All I can do is take my business elsewhere. Sure, sure. But I don't have to like it and I can also post here that this will drive me off bitcoinica as a customer. Zhoutong will have to ponder if it's worth it for him or not, it's a trade-off like any other. In this trade-off list he'll have to add the risk of a knock-off coming out without these restrictions. So far there is no incentive for it. There will be and we will be able to estimate more or less how many users one would be instantly be able to steal from bitcoinica just on these grounds. I wish him luck and I suspect he'll make more money by going into a full-fledged, official financial services provider. If things work for him, of course. You're reading too much into my posts if you think I'm demanding anything. I'm expressing that I wish he didn't do it, and if he does it then I will be off bitcoinica (I try to give my personal information away the least I possibly can - to justify it I'd have to expect massive gains, and I don't see them happening in bitcoinica with the risks I'm willing to take at this moment). Zhoutong reads this forum and I guess he prefers to know as accurately as possible how many of us will leave his service when he does this, instead of parroting good wishes and then f**** off with our money when the moment arrives. In my case this is not about being positive or negative. It's about being realistic. I wish him luck, but when I think his service is not worth the risk for me (as in, my ID being stolen for instance) then I will take my coins and leave. As we say around here: "simples." Ahh, sorry, I misunderstood you then. You indeed have the right to be unhappy and state that here. But still, I think this will be good for both Zhoutong himself and Bitcoin in general in the long run, so the choice is only logical. And that's why I "deem it acceptable that they change their ToS, and they declare to change them even further (no deadlines, no indications yet) as long as they don't steal your money". Even though I might not like certain changes, I find them acceptable the way he is doing it, which is all what matters in allowing them to change the rules. If I don't like them, I can state that here and leave, but that's all I can do. I see the current changes as something positive for Bitcoin in the long run, so I currently have no plans of leaving Bitcoinica anywhere in the near future. |
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So much for the rally, I guess  Bulls are reloading. It's going to be legen.... wait for it.....DARY! :p |
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Also, I don't know if this has been discussed elsewhere, but what is the impetus behind this new verification requirement? I assume that the government where Bitcoinica operates requires it, but I wonder if THAT had anything to do with that asshole that was posting screenies of his massive unrealized profit a few weeks ago? Everybody remember that, yeah? That guy was a dick and deserved what he got, and it was NOT bitcoinica's fault -- it was his own dumbass dipshit lack of responsibility with his own fucking funds and impulses.
Zhoutong mentioned financial and strategic moves as motivators for this change. He wouldn't disclose exactly what he meant, only that we will learn in a few weeks time. |
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Perhaps a good step for stores would be to pay all change (excluding bills) in Bitcoins.
This would be useful as the government tries to find cheaper metal for our devalued currency.
Just pay the cash then scan the customer QR code on a keychain.
This has been suggested before, but unfortunately the thread died I think. It's a really great idea in my opinion. Not only is it convenient, but it will expose a lot of people to Bitcoin, and give them some Bitcoins to play around with in the process. Once they find out by playing with them how easy and convenient they are to use for payments, people might start lining up at Mtgox to buy some more The most difficult part would be convincing stores to actually start doing this. Does anyone have any good ideas how we could convince stores to implement this idea? |
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This is a really great idea! Here's an idea I have that could be a nice starting point: -If 2 addresses are used as the input in the same transaction, we can be sure they belong to the same wallet, hence the same user -If the 2nd of those 2 addresses is again used in another transaction as an input, together with a 3rd address as input, we can be sure all those 3 addresses belong to the same wallet, hence the same user, even though the 1st and 3rd address were never used together. -And so on and so forth. Just check for every additional address you can link to the same/wallet person, if that address is also linked to more addresses. I'm wondering how effective this would be, and how many clusters and more importantly how big the clusters of addresses would be that we can find. I'm fairly sure this would be a good starting point, after that it might be a good idea to see if it is possible to correlate certain money flows, to bind separate clusters together in bigger clusters if analysis shows a high probability of them belonging to the same person/wallet. I'm not sure how hard this would be to implement. I think it shouldn't be too hard, but my programming is way to rusty to pull this off. Anyone willing to give this a go? Good luck! |
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Mushoz: if you deem it acceptable that they change their ToS, and they declare to change them even further (no deadlines, no indications yet) as long as they don't steal your money, then you have very very low expectations as a customer. "You are free to just not use the service" yeah, I take all the time wasted in it with me though. I'm on my second account now, expecting to take all my coins off it soon in light of the changes. I guess you are a very good consumer for whatever services you have contracted, just happy to have ANY ToS change as long as they don't steal money from you directly. You can always stop using the service, huh? http://youtu.be/qd8hy032uLcI can't force a company to go a certain way I want the company to go. If a change in their ToS doesn't negatively affect me beyond me not willing to use their service anymore, I can live with that. Then they've just lost a customer, and I'll go looking for a company does offer what I want. You have to remember I don't _want_ them to change the ToS to one I don't like, but I can't _demand_ them not to. All I can do is take my business elsewhere. |
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triple bottom off the real resistance level
Surely you mean support? No, I mean resistance They're interchangeable. lol. Ah, ok. I always noticed support was used for bids and buying, while resistance was used for asks and selling. Didn't know they were interchangeable, I'm kinda new to this technical analysis. Interesting stuff, though! |
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how do this verification thing by bitcoinica will affect the price ?
It will affect volume as it removes some of the underage users from trading without their parents permission. Trading is not allowed for underage users? |
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triple bottom off the real resistance level
Surely you mean support? |
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can someone explain that micro rally that just happened  ? The sun and the moon were aligned just right for a micro rally. |
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how do this verification thing by bitcoinica will affect the price ?
Probably won't effect it that much in the short term. People with open positions that don't want to get verified will have to close, but this will be true for both shorts and longs. We probably have slightly more longs, so it might slightly decrease the price, but it won't be noticeable due to how volatile the market already is, even during "normal" times. In the long term? Nobody knows. It could attract big investors, since Bitcoin will look a whole lot less shady once stuff like this happens. In that case, it could cause an increase in price in the long run. Still, these are just that, theories. Nobody knows for sure, but this is how I feel about the change. |
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If I happened to have 14k USD under my pillow, I would so buy up that wall.
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I'm sorry for the spam, but am I the only one who always gets a warm fuzzy feeling once volume starts increasing and the price starts moving? It's strange, I even get it when the price moves against my position. Am I crazy or is this considered normal? :p
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Ok Bulls, let's take of our sheep ehhhh Bear clothing and chargeeeee! Surprise attack! |
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Bump |
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