Bitcoin exchange @itBit announces it is relocating from Singapore to New York; the co also announced that Chad Cascarilla has joined full time as CEO & Andrew Chang of Liberty City Ventures will be the co's new COO; 'Regulators are getting clearer about their policies, & we’re hopeful that we will be able to serve US investors soon.'

Agree with me on this or not, I don't care but I would like some more ideas from others on how we can get things moving in the right direction again.

The way he's going, I'm half-expecting him to start ranting about social justice and redistribution and spreading the wealth and frothing at the mouth while he does it.

Some people just aren't strong enough to cope with capitalism and risk... in fact, I wouldn't be surprised if he started shouting about switching to PPS too, cuz variance makes him twitchy...

=squeak=

edit: corrected quote attribution to proper poster

His opinion is 100% right on the money... and your response resorting to insults and petty nitpicking, instantly forfeits your own position as without merit or substance.

=squeak=

Looks,  it's no surprise that those in profit don't want to see this happen, of course they don't, I get that.   That said, it's clear that the current system isn't working at all, and we need to start getting creative.   The majority of people here are never ever going to even get close to breaking even, let alone a profit.  It just seems the nice thing to do for those who are way ahead to step back a bit, but that's obviously naive of me.

Your opinion is worthless (along with your spelling and grammar).   

Thats a giant load of BULLSHIT and you know it. I am a round 1 asic investor and am nowhere seeing a profit, while those that were in at the beginning with fpga have seen plenty of profit and then some. The early investors got bonused with 2 rounds of asic while those of us in round 1 have seen very little. You don't want your money faucet turned off even if for just a short while so that others who weren't fpga investors or don't have a ton of referrals can see some of their money back.

I too would have been fine with him leaving things as they were, extrapolating out we would have seen our individual hashrate begin to grow as deposits/accounts were cleared out. BUT he made this change so here we are. The whole point of the design of pyramining seems to be to share the earnings with the group rather than an everyman for himself setup. But here you are arguing against the share the wealth when it doesn't suit you, but I would bet if the shoe was on the other foot you would be requesting exactly what we are, either split the extra hashrate with 100+ deposits, everyone, OR pause the older deposits that have seen a major fiat return. Considering that deposits got smaller as btc rose, it won't take as long to clear out the deposits that haven't profited at all and then your cashflow can be turned back on.


Then what is your malfunction. If you received at a minimum 100% return and you deposited when btc was sub 100$ you made at a minimum a 600% fiat based ROI, and you still have the remaining 10% along with anything left from referrals. Act like an actual human and let those of us that have only received 1% or so of our deposits see some return.

It makes perfect sense if you're not a greedy, self serving shit.

So your all for the socialized aspect of this endeavour when it helps you? But when its time for someone else to profit just a little its a giant hell no?
You remind me of the politicians who say we need to get rid of medicare/medicaid/etc, then they take advantage of it for their parents or themselves even though they are already millionaires who can afford healthcare.

Pyra, how about pausing any accounts that are currently in profit (anything over their initial investment) so the rest of us have a chance.

Who did get back his inital investment with this?

But how can we stop the human instinct of greed? Is greed the biggest long term threat for bitcoin?

Little update: First of all I apologize for the long silence, I am still working on this project and I am building a plan for next generation miners. However before investing heavily on this, I am monitoring the rate of difficulty increase. If the rise keeps being so steep, it's not worth it to work so much in building the mining equipment and barely get the investment back (considering fiat value, things are worse for BTC). I am also working on other features to revive everything. I'll post updates as soon as there will be something new implemented or a decision about new hardware is made (with specs).


I read that someone is not able to "sell" the account. Please send me a PM with all details and I will check what's wrong.

Hi there,

First of all, we received 150 BTC from Seedcoin, most of which was delivered long before Apple made their apparent "reversal" (which is still unclear as far as I'm concerned).

Second of all, you can fuck right off with that attitude. We are doing our best to make quality software for everyone. 100+ years of propaganda has blurred the line with respect to reasonable investor etiquette, but being rude doesn't fly with us. If you don't agree with some of our decisions, maybe try a more constructive approach. We are as open as it is possible to be.

While I agree with the general content of what you're saying wendell, your response is unprofessional to the point that I doubt you work for Hive.

Can someone confirm/deny wendell's association with Hive? Without a response I will assume he/she does work for Hive (which would be disappointing) and stay away from a company that would behave this way in public (even when someone deserves it).

So what do you use?

listreceivedbyaddress dumps the entire list of transactions ever received, so you can't really use that except maybe once at startup.
-walletnotify is unreliable, in that it can tell you about the same transaction twice, and tells you about unconfirmed transactions

So what's left?

I like 'listaccounts' and am sad it is going away.