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81  Economy / Speculation / Re: What is behind the recent growth in price? on: November 14, 2013, 05:11:40 AM
I am a long term bull and I'm pleased to see the recent price increases, but I must confess I am puzzled by the pace of the recent price escalation. I have been a little busy and didn't have time to read up on everything I've missed - but perhaps someone can summarize things for me - what are the (perceived) reasons behind the growth in the past 2 weeks? Voodoo chartists please stay away. Smiley Thanks.
Digital gold, baby!
82  Bitcoin / Bitcoin Discussion / Re: Time to Boycott all US Companies on: November 14, 2013, 02:38:32 AM
ok every CALM DOWN and take away the sniffing glue away from your noses

its seems 99% of people are reading "opinions" of what coinvalidation is about, and not reading the fact that it is just the writers opinion as oppose to the facts given directly from coinvalidation. this is known as chinese whispers.

so here goes, please remove tin foil hats and anything producing hallucinatory fumes... read twice and take regular breathes of fresh air to ensure the information is absorbed...

coinvalidation HAVE NOT personally talked much about what their system is, anyone trying to describe it as the abolishment of anonymity are totally wrong.

coinvalidation is a company (not the government) but a business advice company offering bitcoin businesses information on how to PROPERLY comply with AML/KYC in regards to sections of their business involving FIAT.
EG Exchanges
EG companies that convert BTC into FIAT for wages/stock/profit (tax purposes)

coinvalidation is NOT requiring identification of all bitcoin users. only the users that want to withdraw FIAT from legitimate exchanges above the AMLKYC thresholds.

coinvalidation is NOT about red flagging addresses with silk road taint.

now take 3 breathes of fresh air... relax... and now go back to your tinfoil hat conspiracy theories and glue sniffing activities about a new topic.

You're probably right.  So much fear and speculative hyperbole in these forums. 
83  Economy / Service Discussion / Re: Why doesn't anyone use CampBX? on: November 14, 2013, 02:01:26 AM
Since Dwolla deposits stopped, the way to get dollars into them is pretty arcane and takes too long.  I'm sure that they will pick up when ACH kicks in though.  After that, here should be some good arbitrage opportunity between them and Coinbase for a little while.
84  Economy / Service Discussion / Re: Be careful with www.crypto.st on: November 13, 2013, 03:40:27 AM
It's incredible, but after all this time, the owner of crypto.st hasn't answer, send back the FTC as requested or even transfer the FTC from the wallet to where I sent them. He doesn't seem to ever check the email of the site or its support web system.

It sounds like they went in with the best intentions, but ran into the whole compliance thing and now it's basically abandoned.  I remember back in May or April when they announced the site and what it would do (arbitrage amongst all the major exchanges), I was very excited about the potential, but now I realize it was too good to be true.  Oh well.
85  Bitcoin / Bitcoin Discussion / Re: So I went down to the bitcoin ATM today... on: November 11, 2013, 03:50:20 PM
Quote
The fact that bitcoins is still hard to use for the average person probably saved her some money. If the ransom was in dollars, the money would be lost already, and the kidnapper would be asking for more as we speak.

AFAIK, Cryptolocker offers the choice of dollars too (in the form of a MoneyPak) so she could have just gone down to the Walmart and gotten a card.
86  Bitcoin / Bitcoin Discussion / Re: CryptoLock - wow they really are making some money on: November 11, 2013, 03:35:19 PM
Quote
so what is the work-around to fix this, so that the victims are not forced to pay into this scam and then treating bitcoin as a criminal preferred coin. if we as a community help out the victims by solving their woes they wont need to pay into it and think of bitcoin as a bad thing.

Some dimwit on the bleepingcomputer.com forums has already insinuated this connection:

Quote
"Don't suppose CL [cryptolocker] was created by the creators of Bitcoin??"
  AND

Quote
"And let's not forget that Bitcoin is referred to as a 'cryptocurrency'."

Guild by name association I guess... Give me a break.

Another random internet tough guy with no knowledge of what bitcoin is or how it came into being, spreading FUD.
87  Economy / Service Discussion / Re: WARNING: Coinbase Possibly Going Scam (READ First) on: November 11, 2013, 05:33:16 AM
OMG!  You changed your email and now they don't have a record of it!  Holy shit, it's gotta be a scam!

The "scam" tag is thrown around WAY too much around here...
88  Economy / Trading Discussion / Re: Are you in the USA? on: November 09, 2013, 06:28:31 PM
I'm already at the verifying bank account stage or else I would  Undecided  Undecided  Undecided

Coinbase flags some accounts as "high risk" a week AFTER you commit funds to purchasing bitcoin at which point they refund your cash and you get no bitcoin.  This understandably pisses people off, causing them to call Coinbase a scam, which I find highly unlikely, seeing that they actually have venture capital funding and that there a lot of users who have absolutely no problems with them.
The sure fire way to avoid getting flagged is to get fully level 2 verified which involves needing a credit card and a cell phone for 2 factor authentication among other things.  This will enable you to buy BTC instantly.
If you are flagged, I've heard that you can request to get "whitelisted" so that it doesn't happen again. 
89  Economy / Speculation / Re: Coinbase is higher than MtGox on: November 07, 2013, 03:44:25 AM
What!?  Two U.S. based exchanges where you can arbitrage with bitcoin through ACH? 

CampBX starts ACH USD deposits on 11/20.

Buy at CampBX @ $250.00

Sell at Coinbase @ $276.63

I hope this price spread exists for a while.
90  Economy / Speculation / Re: 20 articles on 'Bitcoin is broken', researchers warn' doesn;t move price? why? on: November 07, 2013, 03:32:55 AM
Yes, if you are at all familiar with market psychology, you would know that very often supposed bad news causes the market to react in exactly the opposite of what you would expect.  You saw that most recently with the Silk Road bust and your seeing it now with the supposed "bitcoin is broken" theme.  In fact, many people in the stock markets of the world measure market sentiment and try to buy when people are most pessimistic and sell when optimism is high.  Buy when blood is flowing in the streets, in other words.
91  Economy / Service Discussion / Re: CoinBase Down on: November 01, 2013, 02:34:55 AM
No info, I'm not in the States.

This is pretty interesting though:

https://bitcointalk.org/index.php?topic=184799.0

This is not news.  It's part of their fraud detection algorithm.  As for their downtime right now, they're probably being ddos'd.  Bitcoin is over $200 after all.
92  Bitcoin / Bitcoin Discussion / Re: Should the Creator of Bitcoin come forward? on: October 26, 2013, 02:27:03 AM
I'm with adamstgBit - it really doesn't matter who he is.

If anything - it'll lead to instability. Right now we've no idea who he is. He's almost godlike (not necessarily a good thing).

If we discover he's just a human being who eats, defecates, parties, cries, farts and is altogether human - we might just find a way to discredit Bitcoin  because we disagree with him being a Mormon or that he enjoys deer hunting, etc.

Better we leave things as they are, that way Bitcoin stands on it's own merits.

Who knows? Maybe he knew this all along and he knew that disappearing was a requirement to it's success.
Spoken like a true creator of religion!! Well done!
93  Economy / Service Discussion / Re: Coinbase moves the finish line! on: October 19, 2013, 03:16:29 AM
Are you sure it is a requirement to have a credit card? I imagine they intend to add a level III verification tier in the future, but not necessarily requiring credit card for level two.
The credit card is only to qualify for instant purchases.
94  Economy / Service Discussion / Re: bitstamp not showing up as recently traded on bitcoincharts.com on: September 14, 2013, 05:16:34 PM
I just emailed them about it...

I'll be surprised if I get a response though.
I emailed them yesterday but so far no response.

still no response from bitcoincharts?

No response yet...
95  Economy / Service Discussion / Re: bitstamp not showing up as recently traded on bitcoincharts.com on: September 13, 2013, 02:04:24 AM
I just emailed them about it...

I'll be surprised if I get a response though.
96  Economy / Service Discussion / Re: CampBX+Dwolla just as slow as Coinbase on: August 31, 2013, 08:16:31 PM
What Joeschmoe said...

Get yourself verified with Coinbase and you will get bitcoins in seconds.
97  Economy / Speculation / Re: The REAL bubbles on: August 17, 2013, 08:14:00 PM
So many people have predicted that bitcoin is in a bubble and is doomed to death.
There are most often the same people who push stocks up into bubble territory.

Now let's get to the bottom of this:

1) Is Bitcoin in a bubble?
Look at that longterm chart. Where is the bubble? I can't see it.
The uptrend is healthy.

2) What are REAL bubbles?
The NASDAQ bubble has already popped 13 years ago
There are some new bubble stocks in there that either have already popped or will do soon (LNKD, PCLN, etc.)

these are the real bubbles

how do other see that?

The REAL bubble is the U.S. Treasury Bond market, that is the backbone of the financial system that's been inflating since 1982 and when that bursts, well, I hope ya'll  have a lot of gold, silver and bitcoins.
98  Bitcoin / Legal / Re: Is TradeFortress breaking the law? on: August 17, 2013, 08:05:54 PM
So he's against centralized payment system but own's a centralized bank and a online wallet.

Great.

LOL, fucking hilarious...
It explains why he's driven like a man possessed to spread so much FUD about ripple and opencoin.  It's in competition to his own scams!   
99  Bitcoin / Bitcoin Discussion / Re: Repeatedly, repeatedly, repeatedly: Terrorism money on: August 14, 2013, 01:00:42 PM
Terrorism is not really a thing, just an intangible concept used by governments to remove freedoms from the populace by justifying it in the name of protecting the state. Like 9/11, the Patriot Act could not be passed fast enough to remove rights and freedoms from American citizens in the name of securing America from "terror", which has been ongoing for 13 years and counting as more and more freedoms are eroded and destroyed, pushed along by false flag attacks (The Boston Bombing) that seem created to get us used to fully militarized police.

A "terrorist" activity essentially means any action against the state that they don't like, which gives them much flexibility in enacting unconstitutional laws and power to go after anyone they please, for any reason. In this the US is highly guilty of pushing their "War on Terror", which if you think about it, how does one have a war on an intangible concept. It is just a smokescreen and nothing more.

That said, US dollars and other fiat currencies have been funding war and terrorist activities long before Bitcoin came along. The only pundits who push that as a negative point about Bitcoin have nothing else bad to say, so this is them spitballing. Much like the "Bitcoin is used to buy drugs!" arguement...pretty sure the drug trade is Dollar based and still basically is, but no one calls for a ban on Dollars to stop the problem. If this is the only ammunition they have against digital currencies they are a desperate bunch indeed.





Well said...
100  Economy / Service Discussion / Re: Coinbase charging 5% for every transaction on: August 06, 2013, 09:04:57 PM
Quote
I'm not sure it's coinbase's fault that people on the internet are still using inflated (aka bogus) MtGox rates?  The reason that MtGox's rates are way higher than every other exchange is that you can't withdraw USD from MtGox if you sell bitcoins there.  Coinbase and BitPay and others are just being practical and basing their exchange rates off of exchanges other than MtGox's inflated rates.

Thank you.  Exactly this...

This is a MtGox problem, not a Coinbase one.
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