Exactly. I don't know either - and not knowing is a huge red flag. This could be a monumental scam, and withdrawals are just to keep the remaining punters paying in for as long as possible, or it could be that admin simply isn't competent. Either way, the solution is clear: get out as quickly as possible, with as much of your BTC as you can.

OK, so "he had paid the members the last time" wasn't correct - he paid some members, some members received some of their requested withdrawals, and some members had their withdrawals cancelled.

Do you think people who did manage to make a withdrawal are more or less likely to ignore all the advice in this thread, all the warning signs, and keep paying in? And why do you think he would run away while people were still paying in?

Reading this thread, with so many people saying that they didn't manage to withdrawal, that withdrawals had been canceled and auto-reinvest turned on without their consent - what makes you say "he had paid the members the last time"?

Well yeah, obviously. The issue here is that people have had money auto-reinvested already (before they had a chance to turn it off) - money they would have preferred to have withdrawn.

But, just in case there is someone who didn't think to turn off auto-reinvest - best turn it off now, eh?

Will this disrupt my usual breakfast routine? Will I need to pay a fee to the Internet of Things for this transformation from bread-warmer to block-finder? Can I pay in orange juice and/or other breakfast-related items? Will I be able to spend the BTC my toaster generates on non-breakfast items like soup or dessert?

No wonder the price is so volatile with this Internet of Things casting its dark shadow over breakfast time

Things looked a little scary a few hours back, when the crash was happening - I wasn't sure if limit orders I'd tried to place were lost or placed. I'm still having problems with the open positions list - when I scroll down it it goes blank and displays the "loading" screen. Sometimes it loads, other times I can "trick" it into loading by slowly scrolling up and down until something "catches" and the next batch of positions loads.

Related to that - could I make a "feature request" for the ability to download open positions? I keep a spreadsheet myself, but being able to easily cross-reference what I think I have against what you know I have - that would be really useful.

That said, I've been really impressed with Coinut to date (and I'm not just saying that because I'm showing a profit!)

Total satoshi: 21 000 000 * 100 000 000 = 2 100 000 000 000 000

Total humans: 7,360,837,156

Satoshi/human: 285 293.636

By way of comparison, in 2006 there were estimated to be 16000 tonnes (=16 000 000 000 grams) of gold in the world (that's all the gold that had been mined, ever, up to that point), which would allow for 21.737 grams of gold per person.

I'm not too worried - I think this is sounding like a nice problem to have!

Edit: I misremembered by a factor of 10: it's 158 000 tonnes, not 16 000. Even so, 217.37 grams per person... I'm still happy with Bitcoin!

Quoted!

So... if the BTC/USD market grew - i.e. there were more traders - it would become more stable? (Rhetorical question - obviously I believe it would).

I was unable to login this morning (about 7 hours ago) - logged in OK just now, though. The site was a bit odd yesterday - it looked like it was offline, but was still online if you know what I mean.

Ha! I've just voted "1" for the same reason. Pretty much a certainty that 1 BTC will be worth 1 BTC in 2020, whatever happens.

Doesn't matter how veteran we are, if anyone tells you they know for certain that BTC will rise (or fall) - they're either guessing or lying. No one knows.

I believe BTC will rise in the medium- to long-term. But please don't make investments based on what I - or anyone else on the Internet - says! Do your own research and trust your own decision.

I was successful just now - I can see the 500 sats on FaucetBox. Thank you!

Let's do a piece of work together.

You have no idea who I am.

I have no idea who you are.

From memory, they "met" in an online forum discussing cryptography (sci.crypt on Usenet, possibly?) From there they only had to exchange throwaway email addresses to work privately together, while remaining ignorant of the other's identity (NB. I strongly suspect they used something more secure than email).

(My emphasis)

Are you sure? Because I'd be willing to bet that there a lot more Forex traders trading non-BTC USD currency pairs than are trading BTC/USD. If I had to guess I'd say USD/EUR, GBP/USD, GBP/EUR and USD/JPY dwarf most other currency pairs. I seriously doubt BTC/USD is even in the top 50 currency pairs at this stage (I'd be very happy to be proven wrong). In general people assume that the more actively traded a currency pair (or stock, commodity, etc), then the more stable it'll be.

I agree that mining follows price, however.

When someone clicks on the link, they download a piece of "malware" that then logs their account details (username and password) the next time the person logs into Bitcointalk. The malware can then log in using the same username and password, and post spam. It's likely the human behind this account is completely unaware this is going on - next time they come to Bitcointalk they'll see all the damage "they've" done

Don't click on the link - it's malware.

Also - you can report posts like these to the mods - "report to moderator" link at the bottom right of each post. This particular user is particularly prolific, but there were others doing the same thing a few days ago. And I've seen at least a few threads started by this user and then locked by the mods.

Edit: removed malware URL.

lol. Either utterly clueless, or got some balls.

(Edit: or, you know, automated via malware. Still funny, though!)

I wouldn't trust it.

That said, 0.02% isn't that unusual - rates at Bitfinex are under 0.0055% right now (which seems to be the historic trend) but rates frequently shoot up - towards the end of July a rate of over 0.02% was achievable for nearly 24 hours (i.e. anyone renewing a loan during those 24 hours would have received a rate greater than 0.02%). In the past rates have been even higher - though they always trend back down toward 0.0055%.

Finex historic rates published here -> https://bfxdata.com/swaphistory/btc

(I "trust" Bitfinex only so far: I don't keep all - or even most - of my BTC at the exchange, and I keep a close eye on the markets in case Finex starts exhibiting Gox-like behaviour).

I think BPI for the crypto sector is a great idea. I think having 20 constituent coins is a good idea, too.

I'm less enthusiastic about voting in the constituents. Like other posters, I think trading volume is the most useful way to select most/all of the constituents. Could I suggest making the top 15 the largest (by trading volume) coins, and the next 5 maybe select them by "biggest movers" - e.g. if a coin moves from 100th to 50th on the list, it's moved 50 - if that was the largest move it'd be placed 16th on the list.

Regardless of the above, I believe the methodology for choosing the constituent coins should be fixed and known in advance - otherwise it'll just lead to arguments about why coin X was selected and coin Y wasn't. I'd like BPI to be as representative of the crypto sector as possible - I don't believe that's as likely to happen if the constituents are chosen by polling a small subset of all coin users.