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821  Economy / Lending / Re: Looking for a large loan. on: September 06, 2012, 01:07:41 PM
Hi P4man.  Group apology accepted.  I see you are a hero member and pretty active on the site so you probably know more than I do about Bitcoin.  It is hard to believe that in four months or so the network will go from 15 th/s to 1500 th/s.  I'll have to look into that a lot more.  I was figuring I would have at least a year to a year and a half of decent production before I had to worry about it increasing to the point that 1 th/s produced less than a couple of grand a month.  You have given me something to look into.
It's pretty easy to believe if you take a look at how much equipment BFL has already sold.
As far as depending on the price going up, think about this. If you'd just spent the USD you had on Bitcoin directly, you'd have a 100% ROI when the price doubled, instead of being back to 0% in 3 months. I hope that wasn't 3 months from today, because if you'll take a look at the difficulty increases we've been having, you'll see that your payback time is getting ~10% longer every ~12 days. You may never break even if the ASICs equipment ships on time, unless you trade them in and double down....even then it may take a long time.

822  Other / Beginners & Help / Re: Is Intersango the best bitcoin exchange option in the UK? on: September 05, 2012, 07:38:09 PM
I hear good things about bit stamp. But do your research.
823  Economy / Service Announcements / Re: bitfloor needs your help! on: September 05, 2012, 06:17:07 PM
He admitted he had an unencrypted wallet file on an online computer.

There's no excuse for someone with fifty bitcoins to have that, let alone someone with twenty-five thousand, on a (relatively) high-profile website.
He didn't have them "on a high-profile website." Thanks for proving my point.

Did he make a mistake? Sure. Hindsight is 20/20. Does this mistake equal "gross negligence?" It's possible, but you don't know.

Feel free to keep running your mouth, I'm sure it will help.
824  Economy / Trading Discussion / Re: Interesting conversation with a retailer who formerly accepted Bitcoin on: September 05, 2012, 06:03:44 PM
I can't leave it paired to my main wallet - anyone with access to my phone could steal all my BTC.


Double Encrypt your wallet.

Quote
Set a second password which will be required when withdrawing funds from your account.

In Blockchain.info/wallet -> Account Settings -> Password -> Second Password


Awesome. Thanks for the help Stephen. This is exactly what I wanted.
825  Economy / Service Announcements / Re: bitfloor needs your help! on: September 05, 2012, 05:55:27 PM
Sorry, but that's flawed reasoning. You are saying you trust people more because they have proved they are not trustworthy. By that reasoning you should trust bitcoinica with everything you have.
+1, unfortunately. My life experience suggests that people actually don't learn lessons and instead repeat prior behavior if they can get away with it. (This is not a personal judgment about any particular person.)
The operators of Bitfloor should have learned their lesson from the hacks of all the other Bitcoin exchanges. That they did not points to either gross negligence or criminal intent, neither of which should instill confidence in anyone.
Bullshit. That's like saying that because a car wreck has happened before, every future car wreck points to "gross negligence or criminal intent."  

How Roman resolves the current situation can certainly lead to further confidence in him.
Holding unencrypted wallet files on online computers in a business where you know you are likely to be a target is either gross negligence or it's a fake story to cover criminal intent.

To extend your car analogy, if you had seen many of your friends die in car crashes from not wearing a seatbelt, and you drive without a seatbelt and allow your children to ride with you without a seatbelt, you are grossly negligent.

You are working on very limited information and yet you're speaking in absolutes. Sounds like you're just here to bash him, or you love speaking in unsupported hyperbole.
826  Economy / Service Announcements / Re: bitfloor needs your help! on: September 05, 2012, 05:43:04 PM
Sorry, but that's flawed reasoning. You are saying you trust people more because they have proved they are not trustworthy. By that reasoning you should trust bitcoinica with everything you have.
+1, unfortunately. My life experience suggests that people actually don't learn lessons and instead repeat prior behavior if they can get away with it. (This is not a personal judgment about any particular person.)
The operators of Bitfloor should have learned their lesson from the hacks of all the other Bitcoin exchanges. That they did not points to either gross negligence or criminal intent, neither of which should instill confidence in anyone.
Bullshit. That's like saying that because a car wreck has happened before, every future car wreck points to "gross negligence or criminal intent."  

How Roman resolves the current situation can certainly lead to further confidence in him.
827  Economy / Trading Discussion / Re: Interesting conversation with a retailer who formerly accepted Bitcoin on: September 05, 2012, 05:10:27 PM

I'd say that YES the blockchain.info wallet would be a great solution for your needs.

For someone with your transaction volume, I think it's a no brainer to use their wallet and make periodic deposits on an exchange.

Edit: What jwzguy said above me is correct. He's just not as verbose as I am.  Grin

I think the new method for hacking is this whole social engineering attack... hack into twitter or facebook, get access to my gmail, then lastpass, then find wallet password... But I have the advantage of not being a big target, so its unlikely someone would go to all that trouble!

I am really liking blockchain, I created two wallets, one for online transactions, and one for instore transaction. Downloaded the ipad app, and have it autobackup both to email and dropbox. Password is a 15 character generated password from lastpass.

Wish I knew about them before. But we are back in business accepting coin!

I am also really impressed with Blockchain.info. They've done an excellent job. I just got their Android app and now I feel like I could go to merchants and demonstrate how they could easily accept bitcoin at POS. Their wallet allows you to import from many different backup formats and sync with the satoshi client. It offers many ways to back up your keys, as you mentioned. I just noticed they have a built-in mixing service for anonymous transactions and the nice big green buttons for depositing cash are awesome for showing ease-of-use (although the fees are too high for me personally.)

I only have one complaint so far, and that is that the Android client doesn't seem to have any security. I just got this phone so I'm still figuring it out....I assume there's a way to lock access to certain apps on it. That may be why they don't have any password on the app itself. But until then I can't leave it paired to my main wallet - anyone with access to my phone could steal all my BTC.

828  Economy / Trading Discussion / Re: Interesting conversation with a retailer who formerly accepted Bitcoin on: September 05, 2012, 04:11:33 PM
As long as you choose a long, secure passphrase, no one can hack it on their server. It's sent and stored in an encrypted format. They'd have to hack your personal machine and install a keylogger or something along those lines to get your phrase.
829  Bitcoin / Bitcoin Discussion / Re: Three Pools Have Near-total Control Over the Bitcoin Network on: September 05, 2012, 05:38:40 AM
Anyone remember the good ole days when it was Deepbit with 49% and people were absolutely losing their shit?
830  Economy / Service Announcements / Re: bitfloor needs your help! on: September 05, 2012, 04:48:56 AM
I had 4,231 BTC in Bitfloor. I want my money NOW!


Just kidding, lol! Thank God a few months ago I was going to make a HUGE deposit to bitfloor but a very Wise Man told me.."Stay away from that dude, hes a fucking idiot, he uses his personal bank account for deposits and withdrawals.."

I Thank You Sir You Know Who You Are!!

MultiCoin Maria.

Dont hate
Oh look, the forex scammer! And another lie. How predictable.
Glad to see that so many people have you on ignore, Leo.
831  Economy / Service Announcements / Re: bitfloor needs your help! on: September 05, 2012, 01:53:06 AM
Quote
Roman is trying to do the right thing, with all the information he has available. You guys with USD on the site, please be patient. You can see he tried to let you withdraw, but probably thought it better to make sure he wasn't doing anything illegal as Stephen kept reiterating. There's nothing shady about that. Hopefully he will continue with that soon.

Well sadly Stephen was misinformed and likely turned a bad situation into a worse one.  His talk of injunctions and criminal activity were simply false.  I am just not certain if it was coming from a place of intentional malfeasance or simple ignorance.

I do agree with you jwzguy, that bitfloor has a lot going for it and the situation isn't intractable.
I completely agree, and I think you're correct. Of course I'm not a lawyer, and not responsible for all that money...I certainly don't blame him for wanting to check. I can only imagine the stress he's going through right now.

Icebreaker - please don't jump to conclusions just because someone here is being very opinionated. From his behavior, I think Roman must agree with you.

832  Economy / Service Announcements / Re: bitfloor needs your help! on: September 05, 2012, 01:25:25 AM
Roman is trying to do the right thing, with all the information he has available. You guys with USD on the site, please be patient. You can see he tried to let you withdraw, but probably thought it better to make sure he wasn't doing anything illegal as Stephen kept reiterating. There's nothing shady about that. Hopefully he will continue with that soon.

Every dealing I've had with Roman has been both pleasant and very professional. His exchange was by far the best Bitcoin exchange we currently have available to us. I never left holdings there, I just bought and withdrew, so I don't have an immediate financial stake in what happens next. But I implore those of you that are owed USD and BTC to give him chance to settle things in such a way that won't destroy his exchange. Selling securities is one option that could solve this. 24k BTC is a lot but it's not an unrecoverable amount.

How poorly things go from here on out will depend on more than just Roman. Please consider your demands and actions carefully.

833  Economy / Lending / Re: 10 btc loan from tenakha on: September 04, 2012, 03:26:39 PM
LOL, I love that people who arn't even involved are suspicious, bloody bitcoins  Grin

I did actually sell the 10 coins to tek in the first place, and I ended up buying a load more I got from mtgox today so just handed what I owed over.

When two unknown, extremely-low-post count users post about their loan transactions, and go on to talk about "building trust", they are almost always a single scammer attempting to build a fake reputation and transaction history. Maybe your transaction was the excption and you're in the 1% of legitimate transactions. But since this has happened hundreds and hundreds of times here, in no way should you be surprised about being called out.

Also, you may think we're "not involved", but like EVERY bitcoin investor, I'm involved peripherally, and it sickens me to see people getting scammed, no matter how naive they are. If you are indeed legitimate users, you should understand and respect that.
834  Economy / Lending / Re: 10 btc loan from tenakha on: September 04, 2012, 01:33:32 PM
I understand that this could be a completely legitimate transaction, and that tenakha and curiousone both obviously claim that it is.

However, given the circumstances of the transaction between 2 "Jr. Memebers" (one of which only has 13 posts at the time of the transaction), it looked a bit like a single person with two accounts bouncing bitcoin back and forth to try to build up a false reputation.

If this is not true, then I apologize for jumping to the wrong conclusion.
No need to apologize - that's exactly what it looks like.
835  Economy / Trading Discussion / Re: Making transition from local BTC wallet -> Online Wallet, but which? on: September 03, 2012, 08:39:09 PM
you're not really trusting the site
the site is serving executable JS code, you need to trust it too.
Not really. Just read it.
836  Economy / Trading Discussion / Re: Making transition from local BTC wallet -> Online Wallet, but which? on: September 03, 2012, 07:31:50 PM
I thought the obvious choice would be the blockchain.info wallet. It's easy to back up and access the same wallet from both your phone and computer, and the code runs client side, so you're not really trusting the site, yet they store it encrypted online for you and have many other options for secure backup.

837  Other / Beginners & Help / Re: Top 5 people you trust in this community on: September 02, 2012, 06:43:07 AM
DeathAndTaxes
evoorhees
shytlman
838  Other / Beginners & Help / Re: What is the best way for a newbie to begin purchaing BTC's? on: August 29, 2012, 03:09:03 PM
If you're inside the US, the easiest/cheapest way is TangibleCryptography, as linked above, or Bitfloor.com

Both accept cash deposits at various banks (WF, Chase, BOA) that are credited close to instantly.

Tangible uses MtGox's exchange rate at time of deposit, sometimes with a discount. Bitfloor is a full exchange with an order book.

Both have excellent customer service.

Other services may charge exorbitant fees, so read the fine print before buying anywhere else.

Cheers jwzguy!

I am considering TC's service, it sounds great, but I'm not sure if I want to exchange as much as $500.

I am in the UK. Are there any good options here?

Thanks!  Smiley

I hear very good things about Bitstamp.net - let me know how it goes if you try them out...
839  Other / Beginners & Help / Re: What is the best way for a newbie to begin purchaing BTC's? on: August 29, 2012, 02:35:21 PM
If you're inside the US, the easiest/cheapest way is TangibleCryptography, as linked above, or Bitfloor.com

Both accept cash deposits at various banks (WF, Chase, BOA) that are credited close to instantly.

Tangible uses MtGox's exchange rate at time of deposit, sometimes with a discount. Bitfloor is a full exchange with an order book.

Both have excellent customer service.

Other services may charge exorbitant fees, so read the fine print before buying anywhere else.
840  Other / Beginners & Help / Re: Could I get some tips on my miner set up? on: August 27, 2012, 09:25:35 PM
I would absolutely not build any GPU-based mining hardware right now. Even if BFL falls through on the ASICs hardware, their FPGA hardware is pushing difficulty through the roof. GPU miners will be pushed out one way or another in the near future.

If you're buying a gaming machine anyway, then it certainly doesn't hurt to get one that can mine for a few weeks. But in that case, build it with gaming in mind and just make sure you get a solid ATI card to use.
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