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781  Other / Politics & Society / Re: Assault weapon bans on: July 09, 2013, 04:53:23 PM
Does "assault weapon" mean anything that can be used as a weapon to assault another person?  Like baseball bats, 2x4s, steak knives, cars, steel pipes, odd objects d'art, folding chairs, fertilizer, fire arms, etc?  Sounds extreme to ban all of those things.  Maybe we should just outlaw murder and assault.
Oh yeah? Sure its for self defense. What if someone gets an assault rifle for the purpose of "self defense" and then uses that to kill someone? Sure other people with guns might kill the aggressor. But what if that guy already killed someone? Just one person. What if that person was you? Or one of your family members?

And that stupid argument that says we need to outlaw every other thing that could kill or harm people (i.e. gravity, knives, bats) if we ban assault weapons. Just think this way. If you were going to kill a bunch of kids in a school, what would be your weapon of choice? A knife? A shotgun? A pistol? A piece of wood? Maybe something that can spit out the most projectiles per second? i.e. An assault rifle?


If your goal is to kill people, take a look at the Colorado movie theatre shooting. He started with a shotgun and then switched to a rifle. Most of the deaths were caused by the shotgun even though he shot many more shots with the rifle. So maybe we should ban shotguns because they are much deadlier!

The stupid thing about these laws is the rather arbitrary method in which they mark some guns as 'OK' and some guns as 'not OK'. For instance, most assault weapon bans put an AK on the bad list, but the SKS* would still be legal. Automatic AK's would already be covered under machine gun regulations, so let's compare the semi-auto version with the SKS. They fire the same round, the SKS is generally slightly more accurate, well practiced gunmen can fire 100 rounds out of either gun in about the same length of time, but the AK has a removable magazine and a pistol grip while the SKS has a fixed magazine and no pistol grip so the AK gets banned but not the SKS, all based on cosmetics. The same thing happens with the AR and the Ruger mini-14, the mini-14 looks nicer so it is allowed, even though it has the exact same functionality.

* For this discussion I am considering the factory configuration of most SKS versions; you can buy an aftermarket stock with a pistol grip and swap the fixed mag for a removable one which would put the rifle under the same category as the AK.
782  Economy / Securities / Re: [bitfunder] RentalStarter - A Midwest Real Estate Investment Company on: July 09, 2013, 04:27:45 PM

It's off the top, if the month will be negative, i won't take any management fee.

The average in my area for rental management is 10% off the top, or $75 per door, whichever is higher (Plus a $350 tenant fee). The reasoning behind the 15% management fee is so that at some point, after getting say 25  rentals I can roll the management off to either a outside company or a company I build for the purpose of managing the rentals. If I were to charge a low fee or no fee, there would likely be shock to the investors as to how high the management costs would be. So, in this scenario the costs will roughly stay the same.

Perhaps it would be good to clarify what the management fee goes toward. This would cover taking care of the property, finding renters, etc. so it is not quite the same thing as a 5% "management fee" on a stock pass-through, right?
783  Economy / Securities / Re: S.MG - The Ministry of Games. on: July 09, 2013, 04:21:43 PM

A game be released, yet not be ready for final judgment. This is a work in progress, and likely will be released as one as well.

Since the Internet it's rare that anything actually ever gets "finished" anyway. Actually, in the case of artwork this had been happening for centuries. Masters repainted their work over decades.

But it needs to be far enough along in development that all the essential functionality is there. If you release a buggy unusable piece of garbage then it will turn off potential players, even if you make huge improvements later.
784  Other / Meta / Do you ever click on links in signatures? on: July 09, 2013, 02:45:57 PM
I am wondering if all those links people put in their signature space are actually worth anything? Do you ever click on links in ads in signature space? Or do you just have the signatures turned off?
785  Other / Meta / Re: Why do we allow trading of accounts? on: July 09, 2013, 02:41:09 PM
Anyways, I understand letting people use Alts, one for their business and one for personal, or to register a new name to bring up a controversial topic.  That I get.  What I don't understand is why people are allowed to buy and sell usernames on this forum?  It makes trusting someone very screwy to work with when an account changes hands and the person you trust no longer controls his account!

If you want to trust somebody it would be better to use things like gpg signed contracts and the OTC-WOT than just relying on a forum account being who you think they are.
786  Economy / Speculation / Re: Holy Shit! What is going on with BTC!? on: July 09, 2013, 02:38:18 PM
Name:   Maxou
Posts:   5
Activity:   5
Position:   Jr. Member
Date Registered:   July 07, 2013, 02:16:55 AM
Last Active:   Today at 07:25:04 AM

He said he has been gone several months, maybe he forgot his old account (or never had an account here before) and just created a new account when he came back to bitcoins?
787  Economy / Services / Re: 1btc for signature space on: July 09, 2013, 02:35:15 PM
I bet OP doesnt even have 1btc.

He is only saying he will give 1 btc to a "random" person, so that loads of people advertise his site.

OP, could you sign a statement using an address containing at least 1 btc to prove you have enough to pay out at the end of the month?

How will the random number be chosen? How will you correlate the number chosen to a person? Will you give numbers out to people before the random number generation?
788  Bitcoin / Bitcoin Discussion / Re: The lost Bitcoins... a question of curiosity on: July 09, 2013, 02:31:36 PM
So I was sitting here reading an article about securing your wallet, and I just started to wonder how many times someone has screwed up and lost their wallet.dat either by mal-intent or self-stupidity.

There can only be 21 million, but how many have already been lost forever?  Isn't it possible that someone had 100 BTC in 2010 and then said "meh, this thing sucks" and just deleted the files from their computer? After all, it wasn't worth much back then so why try to sell a meager 100 BTC at that time?

Is there a way to determine how many lost Bitcoins there are? 

/end random thoughts


there is this search box at the top of the page, use it to find "known lost bitcoins" to get an idea of how many bitcoins are lost for sure, you can guestimate as well as anybody else how many more are unknown lost bitcoins. You could also do some reading on the "bitcoin days destroyed" metric which can help estimate how many old coins are moving, the moving of old coins is the only way to know for sure they have not been lost this whole time.
789  Economy / Economics / Re: Why is bitcoin price not going up? on: July 09, 2013, 01:53:24 PM
The rich are the people who made money. They know how to make money, so that is what they do, they make more money. The poor do not know how to make money, so they don't or else they would be rich.
The first part is true, but the second one is a bit off.
The "know" is never enough, you also need the "opportunity".


Maybe knowing how to spot an opportunity or create your own is the first thing you need to know?
790  Economy / Economics / Re: Bitcoin - we have a problem. on: July 08, 2013, 11:22:49 PM
If ASICMiner gets to the point of having 50% of the total hashing power, and are then shut down by the government, the only thing that will happen is that for <2 weeks transactions will take 20 minutes to confirm instead of 10. Not that big of a deal, really.

What would happen in the event of the major mining pools being shut down as well?

If governments go for Bitcoins which as I said is increasingly likely for example the State of California issuing a cease and desist order against the foundation and numerous other operations - admittedly it was quite clumsy on their part as they obviously do not understand the technology - but it will not be long before they get their heads around it. When then they launch their assault it will not just be one operation they go for.

The point I am making is centralisation is going to be the downfall of bitcoins because it is easy to shut down a few big operations as opposed to hundreds of thousands of individual miners.

I find it hard to understand why people can not see this happening - each difficulty rise the smaller mining pools are loosing significant hashing power as people point their rigs at the large pools (btcguild etc etc.). A couple more increases and they will be dead - just further centralising the network.

Look at BTCMine.com that use to have a hash rate of around 300ghs now it is around 100 -120ghs - 15 days to solve a block. People will just not wait that long for a payout.

If there are no large mining pools people will just stop mining as they will not wait 6 months to solve a block solo.


Actually if the network hashrate was cut in half there would be 20 minute blocks for up to 4 weeks, since it will take twice as long to get to the difficulty adjustment.

There are still plenty of miners around, if some of the big pools get shut down the miners will just switch pools, which is fairly easy, or just mine solo. There will be some people who keep mining at a loss to help move the network forward to the retargeting.
791  Economy / Goods / Re: [WTS/Groupbuy] Bitcoin Guitar Picks on: July 08, 2013, 11:14:17 PM
Hi, could you show us some pictures of what these picks look like?

I do not have pictures of the picks.  As I mentioned before, it will be a  black pick with the orange B logo on it.  I can't make any guarantees on how the picks will turn out, and I will not offer any refunds (unless the picks are really really jacked)  I do not believe that we will have any problems with this though.

Learn to read before posting please.
792  Economy / Economics / Re: Keeping Bitcoin Price High on: July 08, 2013, 08:35:08 PM
You're not clear on the velocity of the marketplace. At this moment in time, being able to convert to fiat instantly is NOT a good thing. You WANT people to stay in the world of BTC. BTC will never be a viable currency until people want to earn it, spend it AND hold on to it. Otherwise, its just a play thing that no one will take seriously. Besides, the trading is so thin right now that a couple of large purchases that are instantly put on Gox can have a widespread, negative effect. In my experience (keep in mind that I deal with some LARGE wallets) it can take as little as 100BTC to really affect the price. When I have 150+BTC to sell I take my time, usually at least 24 hours, sometimes more. 

shallow orderbooks are a problem... but I think a bigger problem is that everyone and their brother pegs their prices to gox - so any time it's affected everything else follows it. Specifically, speculators on every other exchange. It isn't efficient in the sense that it being arbitrated - people are just following that single market to set their price.



Actually, the mtgox price has been lagging behind the other exchanges. I guess the mtgox users are just sheep following btc-e and bitstamp.
793  Bitcoin / Bitcoin Discussion / Re: new feature - bitcoin v.9 on: July 08, 2013, 06:57:17 PM
guys, you are off topic.

on topic: I'm surprised by the features. It is progress and the dev team certainly has a reason to go this way but to me it feels rushed after a rushed 0.8.2 that also got many people by surprise. I don't see why a CA should be used in Bitcoin. Is this a protocol extension? The return-address certainly is an extension but I don't see why this linking of transactions should be in the block-chain. A service could have an api to receive signed messages with return addresses for certain transactions (if you receive a transaction with id X, please send return to Y. Please confirm this signing with the key of address 1dice...). Will these payment requests be public? Will transactions reference these requests? Where can I read more details? Why not sign with keys? Where can I read what plans the devs have to integrate next?

Are these changes pull requests now? Are they well tested on the testnet?

All in all I would just want more and kind of earlier info. Everybody knows about pruning but this gets delayed over and over it seams while some surprise-features pop up with next releases.

*sigh*

You need some way to authenticate the payment blocks.  Despite their many, many flaws, the SSL CA system is still by far the best way we have to do that.  You can still use self-signed certificates if you want to.  Personally, I'm hoping that the growing public awareness of CA abuse will spur people to finally develop a better system.

No, this is not a protocol extension.  The payment system exists outside of the bitcoin network.

The information in the payment protocol (such as the return address) is not included in the block.

The payment protocol is the API for signed messages containing metadata about transactions.

The requests will only be public if one side or the other publishes them.

Pruning has not been delayed "over and over" in favor of trivialities.  There are prerequisites that needed to be followed.  The Ultra-prune branch in git, for example, didn't actually do pruning, it was a collection of work that needed to be done before pruning could be implemented.

I don't know much about namecoin, but could it be used for the certifications?
794  Economy / Speculation / Re: Winklevoss Twins File to Launch Bitcoin Exchange-Traded Product on: July 08, 2013, 06:37:03 PM

Its really not that hard to safely secure coins, and giving them to the Winkle-freaks is hardly safe. Does it upset me that people think that handing off their coins to these guys is a smart thing? not at all. Does it bother me that I have to share the earth with total morons? - a little.

Mangling somebodies name is not a good way to make an argument once you get past first grade.

Nobody is asking anybody to hand bitcoins into this, they are asking for dollar investments. Totally different.
795  Economy / Lending / Re: Need .4 BTC loan on: July 08, 2013, 06:33:04 PM
This is my BTC address. TY   15FkxCVdQuiJkV3KU32GZz17gi9ew95mxM

How much will you repay? And when?
I will pay 1.15 BTC on Friday July 12.

Sending

Instead of sending it to Jeoy, you should send it directly to Austin and have Joey pay you back the 1.15 btc
796  Bitcoin / Project Development / Re: Peer to peer microlending service done right! on: July 08, 2013, 04:22:35 PM
It sounds like you are trying to recreate Ripple?
797  Economy / Lending / Re: Need .4 BTC loan on: July 08, 2013, 04:19:30 PM
Seems legit. How much do you currently need?
I had planned on including the BTC0.05 from Tradefortress as a payment to help joey, but I don't think he deserves that. He currently owes me BTC1.

I think you misunderstand. bitcoin44me is offering to give a loan to joeyjmr8484, after reading the OP he has decided Joey is a low risk investment.
798  Economy / Speculation / Re: Winklevoss Twins File to Launch Bitcoin Exchange-Traded Product on: July 08, 2013, 04:16:22 PM

Nobody is forcing you to invest in this or use it in any way, bitcoin is very open and many people can use it in many different ways and we can all get along happily.

You can bitch and whine about bitcoins being devalued by inflation like this, but that is just the natural progression of the monetary system. Make your plans to deal with it and move on with your life.

Its the way the financial system works that I have beef with. Bitcoins is supposed to be the alternative to that den of fraud and lies that is the fiat money and financial system. That is the attraction of bitcoins for me. If bitcoins just become another financial asset to be swapped, bundled up, represented by certificates etc then no I don't have to like it.


Nobody is forcing you to use their ETF, you can go on using bitcoins as you wish. Bitcoins have a set base money supply, so there is not as much funny financing that can be done as with other currencies, but you will never be able to stop all of it.
799  Economy / Trading Discussion / Re: Help me please... on: July 08, 2013, 02:30:38 PM
Do prostitution + remove kidney same time. Done this many times, always works when you need cash fast.  Cool

Prostitution and taking the John's kidney? Seems more repeatable than selling your own kidneys.
800  Economy / Speculation / Re: Winklevoss Twins File to Launch Bitcoin Exchange-Traded Product on: July 08, 2013, 02:27:32 PM
Unless the Winklebros ETF can demonstrate it backs every share of its ETF with real bitcoins then I won't trust it because it will be a way to tamper with the number of bitcoins and hence tamper with the value of bitcoins. If real bitcoins I hold in my own wallet are devalued because the quantity of apparent bitcoins has been 'inflated' then it does hurt me, it artificially devalues my bitcoins.



It seems like it would be trivial for them to demonstrate they hold the bitcoins, just sign a simple statement using the various addresses which hold the bitcoins.

Nobody is forcing you to invest in this or use it in any way, bitcoin is very open and many people can use it in many different ways and we can all get along happily.

You can bitch and whine about bitcoins being devalued by inflation like this, but that is just the natural progression of the monetary system. Make your plans to deal with it and move on with your life.
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